Sat.Feb 18, 2023 - Fri.Feb 24, 2023

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ChatGPT in Procurement — Revolutionizing the Norm

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter ChatGPT in Procurement — Revolutionizing the Norm ChatGPT is getting popular not just in procurement but also in various industries as it assists professionals in their everyday work. However, what is it? This article will help you know what ChatGPT is.

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Digital Twins in the Warehouse: An Essential Overview

Supply Chain Brain

A digital twin is a continuously updated, virtual representation of the physical warehouse that tracks assets and inventory, orchestrates staffing and workflow, and tests future scenarios in real time to improve performance and resilience.

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Elements of a Diversified Procurement Strategy

Una

Elements of a Diversified Procurement Strategy A diversified procurement strategy will utilize both traditional and nontraditional methods of sourcing to drive cost savings and value. By Hugo Britt | February 21, 2023 Search As procurement continues to evolve, practitioners must rely on a variety of strategies to cut costs and drive value. This includes implementing aspects of a traditional procurement strategy and adding in some unconventional means to get desirable results.

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3 key considerations for the industrial sector within procurement in 2023

Procurement Heads

Decarbonisation Supply Chain Volatility Trade Protectionism Decarbonisation The Industrial sector is responsible for 40% of global energy consumption and 30% of all greenhouse gas emissions. The top of the agenda for procurement is to deliver decarbonisation, particularly through Scope 2 emissions (indirect from purchased energy) and Scope 3 emissions (indirect from purchased materials and services).

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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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Women Leading Innovation in Africa’s Supply Chain: Why This Article is Vital

Let's Talk Supply Chain

Supply Chain in Africa has been largely male-dominated and reliant on outdated practices, negatively impacting its overall development. Despite these obstacles, some dauntless African women maintain the mindset that nothing is too difficult to achieve. They are creating innovative solutions and building teams to tackle issues affecting the development of the African continent.

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Supply Chain Weekly Wrap-Up 02/17/2023-02/23/2023

All Things Supply Chain

Uber Freight announce plans for electric trucks in California Uber Freight a subsidiary of Uber Technologies announced plans to deploy their electric trucks on select routes in California.

More Trending

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The Big Interview with Chris Minter

Procurement Heads

For Procurement Heads ‘ latest Big Interview, he spoke with Will Cooke about his career and what Zurich is doing with regard to sustainability in the supply chain. How did you get into procurement? I have always been in procurement right from an internship I did at Lockheed Martin, as part of my time at university and have been in supply chain and commercial roles ever since.

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The Psychological Long Tail of Supply Chain Disruption

Art of Procurement

Traditionally, procurement has been measured on their ability to generate savings and bring spend under management. That has led to. The post The Psychological Long Tail of Supply Chain Disruption appeared first on Art of Procurement.

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9 ocean carriers commit to 100% electronic bill of lading by 2030

Supply Chain Dive

The transition to eBLs is expected to save stakeholders billions of dollars.

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Ultimate 2023 Negotiation guide – A Comprehensive Overview

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Ultimate 2023 Negotiation guide — A Comprehensive Overview Negotiation is part of our everyday life. In business, negotiation allows parties to settle disputes, build stronger relationships, and create value in contracts.

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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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CPO Spotlight: Dr Jonathan Sims

Procurement Heads

For Procurement Heads ‘ latest CPO Spotlight, he spoke with Dan Goodson about the key tenets of being a CPO, how the sector has changed during his career and what he’s most passionate about when it comes to procurement. You have a vast amount of experience, including being a Visiting Fellow at Nottingham Business School (Nottingham Trent University) and Durham University Business School as well as being an Affiliate Professor at Emlyon business school in France, what do these roles e

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Bartering on a large scale

ABC of Procurement

Here is a story I would like to share with you from my career. This time we talk about bartering instead of direct payments. The post Bartering on a large scale first appeared on ABC of Procurement.

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How Warehouses Will Modernize in 2023

Supply Chain Brain

There’s still much to be done to enable operators to take full advantage of the immense amounts of data being collected at every moment of the day within distribution centers.

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Biden Looking to Promote Clean Energy Manufacturers

Procurement Bulletin

Aldi’s Sets Up More Local Distribution As businesses begin to diversify their supply chain risks as exposed over the last few years, Aldi’s, the grocery chain, has opened a new distribution facility in Loxley, Alabama. This new facility is set to serve 100 of their stores in the Gulf Coast area. Biden Looking to Promote Clean Energy Manufacturers As ESG goals gain more focus from business executives, US President, Joe Biden, is offering a $10b tax credit for clean energy manufacturer

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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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Financial services sector talent woes continue

Procurement Heads

The number of professionals applying for jobs in the financial services sector is down by a third year-on-year, with the gap between supply and demand worsening. That’s according to new research from the Association of Professional Staffing Companies (APSCo), the trade association for the professional recruitment sector.  The data, provided by Broadbean Technology, revealed that job applications within the sector fell by 12.5% between November 2022 and January 2023, but this decline was far more

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5 Strategies For Improving Distribution Operations: An Essential Guide

SCMDOJO

Want to streamline your distribution operations? This guide provides you with all the tools you need to make significant positive changes in a few simple steps. Don’t forget to check out our best practices , tools , and a list of helpful supply chain resources on the website! The field of distribution operations is rapidly evolving with the rise of eCommerce, with fierce competition between distributors.

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Tesla, GM Among Carmakers Flocking to Mining Events Amid Battery Metals Scramble

Supply Chain Brain

Top automakers including Tesla, General Motors, and Ford are heading out on the mining conference circuit as soaring demand for metals used in electric vehicles ignites a scramble to lock in long-term supplies.

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Ikea’s climate footprint shrinks as it rapidly switches to renewables

Supply Chain Dive

Finding sustainable materials for the furniture retailer’s products, however, remains a stubborn challenge.

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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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Target invests $100 million in supply chain

SCMR (Supply Chain Management Review)

The retailer will expand its supply chain sortation network to more than 15 facilities by the end of 2026.

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New and Noteworthy Categories on Thomasnet.com for February 2023

The Thomas Blog

Since industry is constantly growing and evolving, Thomasnet.com ® is too. Our platform has over 75,000 categories of products and services, from alloy to zinc, from which professionals like you can source. And thanks to our industry specialists, we are constantly researching and adding to our platform with new supplier categories to help you keep up with current market trends. 1.

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How 3PLs Aid in Managing Cross-Border Logistics

Supply Chain Brain

Following are three ways in which 3PLs are optimizing cross-border distribution.

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Does Evoking Emotion in Persuasion Work?

Negotiations Ninja

Does evoking an emotional response make your argument more persuasive? If you can create a condition where someone is more afraid of something happening, does it become easier to make a decision?

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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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Episode 103: Seeing Opportunity Through an Executive Lens with Jeff Davis

Una

EPISODE 103 Seeing Opportunity Through an Executive Lens with Jeff Davis By Kelly Barner | February 22, 2023 Everyone wants to know what the CEO is thinking. What keeps CEOs up at night? How do they hear the messages being shared with them by different functional leaders and the market at large? This all varies by CEO and is likely to be influenced by their functional background experience, general outlook on macro conditions, and relationships with other C-level leaders.

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LA Port director expects ‘real progress’ in West Coast labor talks this spring

Supply Chain Dive

As capacity loosens at other ports, it’s possible even more shippers will take the opportunity to shift cargo to the East and Gulf Coasts.

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Unstable Times Require Stable Supply Chain Management

Supply Chain Brain

There’s never been a better time to learn how to identify supply chain risks, gain the agility needed to deal with various supply chain scenarios, and act quickly when an issue arises.

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The Process Of Conducting A Supplier Audit

Procurement Freelancers

There are numerous options from whom organizations might select to deal with in today’s globalized… The post The Process Of Conducting A Supplier Audit first appeared on Procurement Blog | Procurement & Supply Chain News.

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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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The key to digital supply chain transformation

SCMR (Supply Chain Management Review)

An end-to-end approach is the only way to ensure domain-specific investments complement each other and deliver transformational supply chain performance.

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As inflation wears on, should retailers push back on supplier costs?

Supply Chain Dive

Commodity prices have fallen from their peaks, suggesting there is room to negotiate. But there's some risk in asking vendors to lower rates.

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How to Identify and Overcome Supply Chain Risk in 2023

Supply Chain Brain

Lacking foresight into what 2023 will bring, businesses nevertheless have the power to identify risks in the supply chain and prepare for the coming year.

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What will you do tomorrow when technology does what you do today?

Spend Matters

Categories: Conferences , Sponsored Article Tags: sponsored post Technological innovation is exploding and impacting every aspect of every organization, and procurement is not immune to the challenges and opportunities it presents. The difficult question those working in the procurement industry need to ask is: what will I do tomorrow when technology can do what I am doing today?

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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.