Sat.Jul 08, 2023 - Fri.Jul 14, 2023

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P-Cards: What Are Corporate Purchasing Cards and How Do They Work

Planergy

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend.

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Finance and Procurement: How to Become Natural Allies

Procurement Software

Finance and Procurement are two functions which should, and must, work more closely together. The sad fact is that we often don’t seem to be natural allies. What’s more, we often end up having a fractious relationship with one another. So, with that in mind, I took to my collective hive mind that is my LinkedIn network and the following question why this is the case, and how we can improve it.

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Surviving Economic Challenges: Procurement’s Role in Strategic Spend Management

Art of Procurement

There’s a savings pendulum that swings, and it tends to swing one way or another. During COVID, a lot of. The post Surviving Economic Challenges: Procurement’s Role in Strategic Spend Management appeared first on Art of Procurement.

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Supply Chain Weekly Wrap-Up 07/07/2023-07/13/2023

All Things Supply Chain

Rivian EVs deliveries for Amazon surpass 150 million Amazon has revealed that it has successfully delivered over 150 million packages using electric vehicles (EVs) from Rivian.

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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Can brands save profits without squeezing suppliers?

Procurement Leaders

With inflation driving down sales, manufacturers can only push costs up so much and they’re feeling the pinch. While the reflex for many will be to squeeze suppliers, this isn’t the solution. Pressuring suppliers to drop prices only limits the resources with which they can work. This blocks the value that manufacturing brands can draw from these businesses, such as dependable supply and information that prevents risk and attracts opportunities.

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Uncertainty at Yellow sparks freight shift to other carriers

Supply Chain Dive

Some shippers are sending their loads to other LTL carriers over concerns about the company's future, TD Cowen analysts say.

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CPO SPOTLIGHT: NICK JENKINSON

Procurement Heads

Passionate about digital transformation and innovation, Nick spoke to Procurement Heads’ James Dobbin about his experiences, outlook and drivers. How did your procurement journey begin? Like many in procurement, I didn’t have a lifelong dream that this was what I was going to do with my career, I came out of university and found a role with a local business.

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Sheri Hinish Named Global Top 10 Supply Chain Influencer and Tim Cook Apple CEO is ranked #1

Supply Chain Queen

When I started my social media journey, I had 113 connections on LinkedIn, and didn’t know what Twitter or Instagram were OR, how to use them. With over 100k followers cross-channel and a thriving podcast, I wanted to pause and send a heartfelt thank you , and a bit about my journey.I felt out of.

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Eradicating Slave Labor Starts with a More Transparent Supply Chain

Supply Chain Brain

Until recently, most companies simply haven’t been interested in offering deep supply chain transparency. Now, they are beginning to realize the urgent need to do so.

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Port Workers Strike Costing $3.7b

Procurement Bulletin

Port Workers Strike Costing $3.7b Already in its fifth day of workers strikes, 7,000 port workers at 30 ports within the province of British Columbia (B.C.) continue to strike for higher wages. The work action is potentially costing $3.7b and disrupting an already fragile supply chain that’s seen a fair share of disruptions over recent years. Speaking of Worker Strikes… Workers for UPS may go on strike if an agreement on wages isn’t agreed upon by July 31st.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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350: Blended – Climbing the Career Ladder: The Truth About Workplace Seniority

Let's Talk Supply Chain

Welcome back to Blended! It’s episode 34, I’m joined by a brand new panel of inspirational professionals, and, today, we’re talking about seniority in the workplace. Now, seniority is often the goal for many of us on our career journeys, but not everyone makes it – for a variety of different reasons. And when they do make it to the top, there can often be a negative impact on those below and, in turn, on workplace cultures and overall business success.

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CFO Dive: How predictive analytics can curb just-in-time inventory pitfalls

Arkestro

All Case Studies Whitepapers Webinars Videos Press Blog Featured News Dover Chemical Corporation Leverages Arkestro to Streamline Procurement, Increase Cost Efficiency read more Koch Engineered Solutions Achieves Procurement and Supply Chain Success with Arkestro read more In The News Grow CFO: How can CFOs Help Their Procurement Teams Avoid “Anchor Bias”?

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How ESG Goals are Redefining Relationships with Suppliers

Supply Chain Brain

Working with your suppliers to address your ESG priorities and execution plans communicates to them the steps they need to take to keep a relationship with you.

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‘Fear of missing out’ drives air cargo spot rates to plummet 41% YoY in June

Supply Chain Dive

The global air freight rate averaged $2.31 per kilogram last month, according to Clive Data Services.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

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Proactis: Vendor Analysis, 2023 Update (Part 3) — S2P solution process/module details and analyst summary

Spend Matters

Part 3 of this Spend Matters PRO Vendor Analysis 2023 update focuses on a deeper overview of each part of Proactis offering for S2P, with a detailed look at each of its modules. We also cap off the series with an analyst summary. This content is for members only. Visit the site and log in/register to read. The post Proactis: Vendor Analysis, 2023 Update (Part 3) — S2P solution process/module details and analyst summary appeared first on Spend Matters.

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The Pros And Cons Of Outsourcing vs. In-House Sourcing

Procurement Freelancers

Outsourcing and in-house sourcing are two popular strategies businesses employ in their operations. While outsourcing… The post The Pros And Cons Of Outsourcing vs. In-House Sourcing first appeared on Procurement Blog | Procurement & Supply Chain News.

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Eurocontrol Warns of Air-Traffic Control Strike Over Summer

Supply Chain Brain

Eurocontrol described recent protests as a “pre-warning” in a statement and said it was engaging in dialogue with the Union Syndicale Bruxelles to end the possible industrial action.

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Hallmark centralizes distribution network with second Liberty facility

Supply Chain Dive

The 850,000-square-foot hub is located less than a mile from its existing warehouse and will reduce transportation needs.

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The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?

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Proactis: Vendor Analysis, 2023 Update (Part 1) — S2P solution overview, market analysis, company SWOT, competitors

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Proactis and its solution for source-to-pay (S2P). The complexity of S2P with its use of multiple systems to address each aspect it covers, manual processes, data quality issues and process variations can make managing the end-to-end process difficult. Organizations need to invest in technologies that improve visibility and control over the entire S2P process.

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Is vertical integration the new monopoly?

SCMR (Supply Chain Management Review)

There will always be some constricting of the market in which the number of suppliers for a specific product are reduced. The rule of supply and demand drives companies to sustain or die. The difference this time is that these companies are now vertically integrated to the point that allows them to control the market.

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TForce Freight Agrees to New Contract with Teamsters Union

Supply Chain Brain

Prior to the deal's announcement, Teamsters voted to authorize a strike had the union’s national contract with TForce expired July 31.

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KB Home says efforts to trim SKUs lowered building times, costs in Q2

Supply Chain Dive

Although overall product availability is improving, air conditioning and heating equipment, switchgears and transformers remain in short supply.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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Proactis: Vendor Analysis, 2023 Update (Part 2) — S2P solution strengths and weaknesses, tech selection tips

Spend Matters

Part 2 of this Spend Matters PRO Vendor Analysis 2023 update focuses on the strengths and weaknesses of Proactis’ S2P solution. We will also look at the elements to consider when looking at SAP Ariba as a potential solution provider. Part 1 of the series provided a history and overview of Proactis’ S2P solution and a company-level SWOT analysis and profiles of competitors.

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Why Supply Chain Leaders Should Care About B2B Customer Service Automation

SCMR (Supply Chain Management Review)

In this webinar, you’ll find out why forward-thinking supply chain leaders are turning to customer service automation to create the conditions necessary to harmonize all the people, processes and technologies that work for and with a business and drive its success.

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Six Benefits of End-to-End Supply Chain Visibility

Supply Chain Brain

Industry research suggests only 6% of supply chain professionals claim to have full visibility into their supply chain, and only 17% claim to have partial visibility. But why are those numbers so low?

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Manufacturing slowed in June to some of its lowest levels this year

Supply Chain Dive

More companies turned to layoffs last month as soft demand pushed manufacturers to cut costs.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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Generative AI: What CLM end users can expect, and what’s coming next

Spend Matters

Generative AI is already at the forefront of business processes and long-term plans across many industries. Procurement and source-to-pay are no exceptions, especially contract lifecycle management (CLM). Notably, procurement tech users and legal professionals can now use ChatGPT and similar tools to analyze contract language and even in the clause-writing process itself by drafting some initial language.

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Supply chain must lead the shift from risk mitigation to competitive advantage

SCMR (Supply Chain Management Review)

To gain a competitive advantage, every company needs to make a conscious decision about which topics are most important in the E, S and G pillar to their corporate supply chain strategy.

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The Future is Now: 3 Ways to Automate Your Warehouse for Scalability

Supply Chain Brain

Smaller operations without the capital to go full speed ahead run the risk of being outpaced by competitors. So where do they begin? This eBook will outline simple, approachable steps to automation—no cutting-edge, complicated tech required.

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PepsiCo struggles to advance its plastic sustainability goals

Supply Chain Dive

The food and beverage company is inching closer to its goal of using 100% repurposed, compostable or biodegradable packaging.

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Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.