Sat.Aug 05, 2023 - Fri.Aug 11, 2023

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The Market Speaks: Procurement practitioner requirements and the tech vendor response — Scoutbee

Spend Matters

Spend Matters constantly updates its understanding of the state of the procurement tech market via RFIs for our SolutionMap dataset, vendor interviews, global event attendance and product demos with the aim of keeping tech-selection decision makers ahead of market trends. But we also endeavor to grow our understanding of the wants and needs of the customers using that tech – the practitioners.

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The Problem with Performative ESG

Art of Procurement

Although we talk about ESG programs all the time, they actually haven’t been with us for very long. ESG initiatives. The post The Problem with Performative ESG appeared first on Art of Procurement.

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Trending Sources

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4 supply chain insights for the second half of 2023

Supply Chain Dive

Experts gave tips on economic metrics to watch and how to assess producers’ readiness to nearshore during the live event “Supply Chain Outlook: Trends and Risks To Watch.

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The 10 Biggest Shipping Companies in the World

All Things Supply Chain

The global economy relies heavily on the shipping industry, the backbone of international trade. A seamless and efficient supply chain is vital for the movement of goods across continents.

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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.

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With Growth on the Horizon, Supply Chain Leaders Must Become Forward-Thinking

Supply Chain Brain

By identifying and laying down the groundwork for what the future supply chain leader looks like, executives will attract and retain top talent that will bring success.

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FUTURE HEADS: JOSEPH BROWN

Procurement Heads

For the latest of Procurement Heads‘ Futureheads series, Joe spoke to Matt Williment about his procurement career journey. What was it that lead you to pursue a career in Procurement? It was a complete off chance, I did a business degree then when I was at university, I decided to start filtering bits out that I wasn’t as particular in, stuff like; marketing, sales, finance that kind of thing and it left areas like supply chain, logistics and procurement so I thought I would go for that kind o

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Supply Chain Weekly Wrap-Up 08/04/2023-08/10/2023

All Things Supply Chain

GM blames supplier for EV production delay General Motors (GM) CEO Mary Barra disclosed that issues with an automation equipment supplier have caused unforeseen delays in the company’s electric vehicle…

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Ensuring Safe Material Handling in Warehouses

SCMDOJO

Ensuring the safe material handling of these materials is not just a matter of policy or regulation; it’s the linchpin of efficient warehouse operations and by extension, effective Supply Chain Management. The Importance of Material Handling in Warehouses Material handling is one of the most important warehouse activities. It involves the movement, storage, control, and protection of goods throughout the process of manufacturing, distribution, consumption, and disposal.

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353: Women in supply chain™, Holly Pearce

Let's Talk Supply Chain

In today’s episode of Women In Supply Chain, I’m joined by Holly Pearce, a self-confessed supply chain champion! Holly has over 20 years of industry experience, working at the director level across multiple global organizations. Currently the Director of Logistics for C+D Trojan, she is a transformation champion, seeking to improve supply chain processes and customer experience through continuous improvement, vertical integration, and shared visibility.

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Analyst Eye on CPO shift in focus towards third-party risk management

Spend Matters

Continuing our series of analyst observations on procurement tech market movements, this week we are considering the shift in CPO priorities towards supply-related risks. The recent Deloitte Global Chief Procurement Officer Survey tells us, “CPOs have definitively indicated that risk is here to stay, as evidenced by the greater than 70% in our survey who indicated that procurement-related risk/supply chain disruption has increased in the past 12 months on top of an already elevated baseline.

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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.

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Optimizing Procurement: Shifting from JIT to JIC Strategies

Procurement Freelancers

In the midst of today’s turbulent market, enterprises are reassessing their purchasing approaches to bolster… The post Optimizing Procurement: Shifting from JIT to JIC Strategies first appeared on Procurement Blog | Procurement & Supply Chain News.

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An Urgent Call to Revive the U.S. Pharmaceuticals Supply Chain

Supply Chain Brain

Congress is finally acting to address the severe shortage of critical pharmaceutical drugs, a crisis long in the making that was laid bare by the COVID-19 pandemic.

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UPS prepares to win back volume it lost during Teamsters negotiations

Supply Chain Dive

Customers diverted about 1 million parcels daily to FedEx, the U.S. Postal Service and other carriers in Q2 amid strike concerns, executives said.

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LeaseAccelerator: Vendor Analysis — Lease lifecycle management solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of LeaseAccelerator and its lease lifecycle management solution. LeaseAccelerator’s customers use the solution to manage the lifecycles of real estate and asset leases, for example, through lease accounting and administration. The provider offers a suite of solutions to support this, from the initial ‘lease versus buy’ decision all the way through to the management of real estate procure-to-pay (P2P) strategy.

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Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

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Utilize A Purchasing Consultant To Increase Your Savings

Procurement Freelancers

One of your major challenges as a business owner is probably finding methods to keep… The post Utilize A Purchasing Consultant To Increase Your Savings first appeared on Procurement Blog | Procurement & Supply Chain News.

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Indonesia Extends Timeline for Carmakers to Qualify for EV Credits

Supply Chain Brain

Under the revised investment rules, automakers will need to commit to producing at least 40% of the content of EVs in Indonesia by 2026 to qualify for incentives.

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GM blames automation supplier for EV production delays

Supply Chain Dive

CEO Mary Barra said the third-party issue caught the automaker by surprise, but it's "not walking away" from its 400,000 EV production target.

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Better together: IBM and Microsoft make enterprise-wide transformation a reality

IBM Supply Chain Blog

IBM® and Microsoft—the two largest global IT companies—are working together. While many may see IBM and Microsoft as competitors, we are much better partners bringing the best of both companies together to accelerate impact and influence at scale. We provide current and new clients the unique opportunity to take advantage of the combined value from our technology, cloud, and consulting services alongside our ecosystem of partners to meet ever-evolving business needs.

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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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Strengthening Supply Chains: Key Steps for the Oil & Gas Industry

SCMR (Supply Chain Management Review)

No matter which team you look at — operations, supply chain, logistics, you name it — if you can’t see how you are tracking in real time, you don’t have the data to know whether the prices you’re paying align to the market in a given category.

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Why We Need to Stop Ignoring Simulation for Inventory Uncertainty

Supply Chain Brain

Supply chain design technologies that identify and quantify risks at the supplier, facility, customer and network levels allow organizations to make better decisions.

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Hawai?i fires: Carriers prioritize emergency supplies for Maui

Supply Chain Dive

Hawaiian Airlines, Young Brothers and Matson are part of a widescale effort to carry critical shipments to Kahului in wake of devastation.

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The importance of IT cost management in modern organizations

IBM Supply Chain Blog

The rise of digital transformation and the increased popularity of cloud computing helps companies deliver unique services to customers online and leads many organizations to consider themselves as technology companies. And technology budgets are rising commensurate to this new reality. IT spending is expected to increase to $4.6 trillion in 2023, an increase of 5.5% from 2022.

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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

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Air Cargo and Airport Security: Data-Based Systems Can Address These Issues Proactively

SCMR (Supply Chain Management Review)

From a financial perspective, theft reduction is clearly reflected on a company’s profit and loss statement and balance sheet. What is also needed is a recognition of the value of continuous education and training of managers and staff to combat criminal efforts to disrupt supply chains.

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Geopolitical Tensions Forcing 35% of Importers to Reexamine Supply Chains

Supply Chain Brain

One in five importers from outside the U.K. have had to change their supply chains due to geopolitical tensions while a nother 15% are considering supply chain alterations.

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Fashion execs plan more reductions in sourcing from China in 2023: report

Supply Chain Dive

Nearly 80% are scaling back, and a record 15% aim to “strongly decrease” their reliance on the country, according to a U.S. Fashion Industry Association study.

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What is a phishing simulation?

IBM Supply Chain Blog

A phishing simulation is a cybersecurity exercise that tests an organization’s ability to recognize and respond to a phishing attack. A phishing attack is a fraudulent email, text or voice message designed to trick people into downloading malware (such as ransomware ), revealing sensitive information (such as usernames, passwords or credit card details) or sending money to the wrong people.

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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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Parcel Volume Growth Slowed In 2022; 5-Year Growth Forecast Downgraded

SCMR (Supply Chain Management Review)

A strong U.S. dollar, and COVID-related lockdowns in China, allowed the U.S. to generate more revenue from parcel shipments in 2022 than China, but overall parcel volume growth is slowing.

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Watch: For Logistics Providers, It's All About the Delivery Experience

Supply Chain Brain

Bill McCoy, senior vice president of operations with Riverstone Logistics, relates the message of his keynote address at the recently concluded, first-ever Global Supply Chain Marketing Summit. For logistics and delivery providers, he says, it's all about brand.

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Brewing up supply chain resilience in the beverage business

Supply Chain Dive

Time is running out for wine and spirits distributors utilizing complex traditional conveyor systems.

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Connecting IBM VPC to IBM Power Virtual Servers and IBM Cloud Object Storage

IBM Supply Chain Blog

In the ever-evolving landscape of cloud computing, businesses are continuously seeking robust, secure and flexible solutions to meet their IT infrastructure demands. In this post, we’ll discuss connecting the robust IBM Power Virtual Servers service to the secure IBM Cloud Virtual Private Cloud environment using IBM Cloud to support diverse workloads.

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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.