Sat.Sep 28, 2024 - Fri.Oct 04, 2024

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Ten steps to getting Procurement software for your Business

ABC of Procurement

Sooner or later, you will get the Budget to pick the next Procurement software for your Company. How to get the right one? The post Ten steps to getting Procurement software for your Business first appeared on ABC of Procurement.

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CPO Crunch: A productive event

Procurement Leaders

We would all love to be more productive. After all, getting more output from the same, if not fewer, resources is one of the guiding principles of a growth-based strategy. It’s why countless CPOs have told us that it will be a key priority for them next year, and, by extension, it’s why a good proportion of our community activities in 2025 will focus on the productivity conundrum.

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Red Sea Route Under Siege: Escalating Conflicts Disrupting Global Logistics

All Things Supply Chain

The Red Sea, through which the Suez Canal connects Asia to Europe, has long been a crucial artery for global shipping.

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Supply Chains as Business in Action

Art of Procurement

We know supply chains are complex, but to truly understand how complex they are, and how they reached this point, The post Supply Chains as Business in Action appeared first on Art of Procurement.

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How To Align Product Management And Supply Chain Operations For Successful Product Launches

Speaker: Shalini Dinesh

Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022). The 2023 Supply Chain Insights Report highlights that 60% of supply chain disruptions are caused by poor communication and misalignment among cross-functional teams.

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Strike at U.S. Ports Brings Debate Over Automation Front and Center

Supply Chain Brain

Even if the dispute between the ILA and USMX is resolved quickly, the battle over automation at U.S. ports is set to rage on for a good long while to come.

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ILA port strike ends through tentative deal

Supply Chain Dive

The agreement, which extends the parties’ master agreement, comes three days after a strike commenced at East and Gulf Coast ports.

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Procurement 6 – October 4th, 2024

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – October 4th, 2024 appeared first on Art of Procurement.

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Damage from Hurricane Helene Threatens U.S. Medical Supply Chain

Supply Chain Brain

Helene is already one of the deadliest mainland storms in the history of the U.S., with more than 100 people killed in the days since it first made landfall.

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Layoffs mount amid low manufacturing demand: September PMI

Supply Chain Dive

The presidential election, an East Coast port strike and the impact of Hurricane Helene are creating a flurry of challenges for manufacturers this fall.

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Risk is complex — The different types and sources of risk

Spend Matters

Continuing our series on third-party/supply chain risk management (TPRM/SCRM), here we illustrate the breadth and complexity of risk that organizations today must navigate and manage. We look at how risks and incidents comprise a multitude of types which have origins both inside and outside of the organization and provide a detailed view of different risks and their sources.

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.

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Why was this screenshot an indication of a good ProcureTech demo?

Procurement Insights

What would be your first thought if this were the opening screen for a demo you were invited to see? How would it set the tone for the rest of the presentation? In the meantime, Michael Lamoureux sent me the following post by Reza Shah Mohammadi with the corresponding video of Steve Jobs. Be sure to watch the Jobs video: Reza Shah Mohammad Post Stop thinking that you can succeed by starting with technology and then figuring out how to market it.

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Electrification Is Coming for the Supply Chain — But Not Where You Think

Supply Chain Brain

El ectrifying heavy trucks seems like an obvious step to take. But even with incentives, the current state of technology isn’t ready for deployment at large scale.

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ILA strike begins, disrupting East and Gulf Coast ports

Supply Chain Dive

Without a new port labor deal, the International Longshoremen’s Association instructed its members to halt work after midnight Tuesday.

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Embracing the Future at Graceland: Insights from the Basware Premier Event

Spend Matters

During the week of September 9th, I attended the Basware Premier Event in Memphis — a fantastic gathering that delved into several key topics, including touchless invoice processing to accelerate workflows, the importance of ROI assessments and how AI can enhance AP outcomes. A customer panel shared their experiences with processing thousands of invoices and how Basware supported them in improving accuracy.

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The Evolution of Control Towers to Command Centers

Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Today’s volatile landscape requires inherent visibility across your entire value chain and the ability to orchestrate course corrections within a unified platform.

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AOP Introducing… SimpliContract

Art of Procurement

SimpliContract is on a mission to create what its Founder and CEO, Guru Venkatesan, calls a “connected contract experience.” Contract. The post AOP Introducing… SimpliContract appeared first on Art of Procurement.

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Supply Chain Control Tower Case Study

Supply Chain Brain

Discover how TADA's AI-enabled digital twin technology drove $90M in total benefits for a Fortune 500 automotive manufacturer who was struggling with reduced visibility, poor risk management, and significant production disruptions.

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Port strike could bring ocean carrier surcharges

Supply Chain Dive

Maersk, CMA CGM, Hapag-Lloyd and other carriers shared contingency plans ahead of a possible work stoppage beginning Oct. 1.

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Zoom in on Cyber Risk

Spend Matters

The interconnected nature of business networks, their systems and their data leaves suppliers and the primary organization open to threats and attacks that broadly fall under the category of supply chain cyber risk. Cyber attacks have only increased in recent years, and even a minor breach can damage a company’s operations, finance and reputation due to how much sensitive information has been digitized.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Why Is Free Speech Bad For Procurement?

Procurement Insights

“Jon, I sometimes get ostracized by my own Procurement community when I make a statement that a lot of the new age procurement tech is still trying to make the “horses run faster”… they are still very much centered around a source to contract and a procure to pay tool. and you can only add enough juice to make the legacy processes run faster, more efficiently.” – “SK” Sanjeev Kumar Roy (October 4th, 2024) The above comment to one of my posts stopped me cold in my tr

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Boosting Efficiency and Customer Satisfaction: Five Reasons to Use Retail Consolidation

Supply Chain Brain

If you can be somewhat flexible with planning and lead time, you can leverage a 3PL’s ability to develop the scale needed for executing retail consolidation programs.

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2024 peak season surcharges: Comparing carrier fees

Supply Chain Dive

While UPS, FedEx and OnTrac are continuing their annual practice, other delivery providers are declining to add temporary price hikes.

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Pivot: Vendor Analysis — Intake and orchestration solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Pivot and its solution for intake and orchestration and P2P. Intake management and orchestration solutions are relatively new standalone products; however, the processes have long had fragmented support across the procurement cycle. Intake stands as the initiation into all requests, and orchestration sits above and across… This content is for members only.

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro

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Another Canadian Workers Strike Threatens Supply Chains

Procurement Bulletin

Here’s What Shipping Companies are Doing to Manage the Shorter Holiday Season Delivery Window This year’s holiday season will see five fewer days between Thanksgiving and Christmas holidays, meaning less time to prepare and clear out any backlog of orders between holidays. Here’s a glimpse at what some shipping companies are doing to manage this.

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The Future of Digital Supply Chain Twins

Supply Chain Brain

In today’s volatile supply chain landscape, resilience and adaptability are crucial. TADA’s whitepaper on The Future of Digital Supply Chain Twins explores how digital twin technology can transform your supply chain by delivering real-time visibility, risk mitigation, and automation.

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Did the ILA strike fully shut down East and Gulf Coast ports? We asked.

Supply Chain Dive

At least 12 ports were significantly affected on Tuesday, but not all terminals are at a standstill.

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How’s your PO management? Start with the basics before moving on to AI

Spend Matters

This content does not express the views or opinions of Spend Matters Given the persistent economic uncertainty and inflation-induced price increases, reducing purchasing costs remains a priority for most procurement stakeholders in 2024, followed by ensuring supply continuity and combating rising prices. To guarantee that the business receives the necessary goods and services at the best quality-price ratio, procurement professionals strive to streamline purchase order management practices and i

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The Current and Future Use of Gen-AI in Supply Chains

AI isn’t the future. It’s here, now. 30% of businesses have invested in AI. Another 57% will do it in the next 12 months*. From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. But here’s the secret: success will only come from strong human-AI collaboration, reveals this new new Economist Impact report.

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What’s new in Fraxion: Mobile app features and enhancements

Fraxion

We’re excited to introduce the latest enhancements to our Mobile app. The new features include purchase order (PO) visibility and downloads, receiving capabilities, and predictive defaults for request line items.

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Rethinking Relationships: Supply Chain Execution Loves Supply Chain Planning

Supply Chain Brain

Discover how Manhattan Active® Supply Chain Planning (SCP) empowers businesses to unify planning, transportation, and execution in real-time, offering unmatched agility and seamless coordination across all functions for continuous optimization.

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Why FedEx still doesn’t have a new contract with its pilots

Supply Chain Dive

A federal mediator rejected a union request to be released from supervised negotiations as pilots push for better pay and retirement benefits.

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Essential Supply Chain Skills Every Student Should Learn for a Successful Career

SCMDOJO

In this highly competitive job market, more is needed for students to learn the supply chain theory simply. Due to the quick movement and fast reaction of global logistics, the new generation entering the supply chain industry must learn and master some vital technical and soft skills. Supply chain management begins with products being distributed to raw materials and manufacturing and ends with the finished products moving to customers.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe