Procurement Insights

NOVEMBER 21, 2023

You have shared another thought-provoking post , Joël Collin-Demers. As you know, Indirect MRO is an area about which I never get tired of talking. In my recent post, Are you chasing solutions or solving problems? (Part 1 of 3) I talk about an agent-based versus equation-based approach. Here is the link – [link] Everything you are talking about is excellent and on the money and will improve procurement.

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Sourcing Procurement 52

All Things Supply Chain

NOVEMBER 20, 2023

Sustainable procurement has become more and more critical for businesses that want to reduce their environmental impact and improve their sustainable practices.

Sustainability 277

Sustainability Strategy Procurement Procurement strategies 277

ProcurePort

NOVEMBER 20, 2023

Online Contract Management Safety Overview: Strong security measures, like encryption and access controls, are important for keeping online contract management systems safe. To deal with risks like data breaches and unreliable vendors, we need to be proactive. This means following rules and giving safety training to users. Strategic Considerations for Enhanced Safety: Collaboration and integration […] The post Is it Safe to use an Online Contract Management System?

Contract management 130

Contract management Contract Management Collaboration 130

Una

NOVEMBER 19, 2023

Procurement Career Advice A series of resources sharing procurement career advice and exploring the skills needed to become a successful and impactful Sourcing Hero. 6 Reasons to Choose a Career in Procurement From finding a sense of purpose and developing essential skills to making an impactful difference when it comes to sustainability efforts, procurement offers a wide range of opportunities for professionals seeking a career path.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Negotiation 52

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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.

Supply Chain Optimization

The Procuretech Podcast

NOVEMBER 21, 2023

In this episode of The Procuretech Podcast, host James Meads is joined by Simon Geale, VP of Procurement at leading UK-based consultancy Proxima. This is a fireside chat-style episode about the latest trends in procurement technology. Simon talks about his background and role at Proxima, and the company's focus on serving large enterprise clients with complex procurement problems.

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Procurement Budget Innovation Strategy 40

Procurement Leaders

NOVEMBER 21, 2023

Like many within the procurement community, dsm firmenich’s deputy chief procurement officer Gianluca Colombo is a keen chef in his spare time. “I like cooking and discovering new recipes, he told Procurement Leaders. “I mean, sometimes the result is not that amazing but at least I discover new cultures.” Following the completion of the merger between DSM and Firmenich in May 2023, in his day job, Colombo finds himself breaking silos like a chef might eggs to ensure the s

Sourcing 130

Sourcing Chief Procurement Officer Sustainability Procurement 130

Supply Chain Brain

NOVEMBER 21, 2023

Achieving resilience in supply chains is essential, but it's crucial to implement measures carefully so they do not hinder or conflict with other competing priorities.

Supply chain resilience 141

Supply chain resilience Supply chain Supply 141

Supply Chain Dive

NOVEMBER 20, 2023

The initiative at a California hub offers on-site day care in emergency situations, which will expand to more company facilities in 2024.

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SCMR (Supply Chain Management Review)

NOVEMBER 20, 2023

Detecting and reducing supply chain fraud can be done using artificial intelligence and the existing supply chain systems and the familiar transactions that they produce.

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Supply chain Supply 112

Arkestro

NOVEMBER 21, 2023

As they strive to make their supply chains more resilient, global companies are grappling with two challenges: the difficulty in discerning potential sources and the extended time required to find, vet, and onboard new suppliers. Companies such as Walmart, Tyson Foods, Koch Industries, Maersk, Siemens, and Unilever are using AI tools to swiftly find and engage with alternative suppliers during unexpected disruptions.

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Supply chain Buyers Supply Suppliers 98

Advertiser: GEP

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.

Supply chain

Supply Chain Brain

NOVEMBER 20, 2023

Re-shoring or near-shoring factories, “just-in-case” inventories, and qualifying alternative suppliers are among the most common ways that companies are building resilience. However, these strategies come with tremendous complexity and a heavy price tag.

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Inventory Price Strategy Suppliers 115

Supply Chain Dive

NOVEMBER 22, 2023

The retailer plans to have more than 40 stations, described as mini post offices, in its stores by the end of 2023.

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SCMDOJO

NOVEMBER 18, 2023

When you think about machine learning, you might imagine robots learning as they interact with their surroundings. In numerous aspects, you’re not too far off. Within the specialized subject of artificial intelligence (AI), machine learning refers to the ability of systems and machines to learn from their experiences and get better without explicit programming.

Route optimization 98

Route optimization Supply Chain Optimization Data Price 98

IBM Supply Chain Blog

NOVEMBER 20, 2023

Advanced organizations know their greatest assets are their employees. However, keeping employees happy and engaged can be challenging, especially when considering available resources and the need to meet other organizational goals. An organization is only as strong as its talent pool, so organizations have increasingly embraced talent management as a core component of their overarching strategy.

Strategy 97

Strategy Management Business strategy Influencing 97

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

Bidding

Supply Chain Brain

NOVEMBER 19, 2023

Many third-party logistics providers gained an advantage from being early adopters of supply chain technology, but they soon met challengers in the form of pure-play technology providers, says Peter Weis, chief information officer and senior vice president at ITS Logistics.

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Supply chain Data Logistics Supply 118

Supply Chain Dive

NOVEMBER 21, 2023

Much is at stake for the shipping provider's e-commerce logistics segment to reliably deliver for the holidays. Automation will play a big role.

Logistics 120

Logistics 120

SCMDOJO

NOVEMBER 24, 2023

A warehouse management system for e-commerce makes managing a giant warehouse 24/7 no easy task. Additionally, when you need to oversee a considerable number of Stock Keeping Units (SKUs), it is like a nightmare without an efficient tool. The WMS proves to be a great tool for managing the entire activities of a warehouse, effortlessly handling tasks ranging from inventory management, replenishments, receiving, put-away, picking, packing, and shipping, to tracking the logistics system.

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Supply Chain Efficiency supply chain software solutions Real-time Visibility Supply Chain Optimization 96

Spend Matters

NOVEMBER 20, 2023

The term ‘ESG’ can mean a lot of things to different stakeholders such as regulators, customers, investors, employees and functional leaders — including procurement. ‘Environment,’ ‘society’ and ‘governance’ can be such broad, overwhelming concepts that the details of what each goal means in terms of an organization’s strategy and process can get lost in translation.

Supply Chain Efficiency 101

Supply Chain Efficiency Sustainability Supply chain Strategy 101

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.

Supply Chain Optimization

Supply Chain Brain

NOVEMBER 20, 2023

We've only just begun to scratch the surface of AI's transformative potential, and navigating this landscape requires collective wisdom and ethical vigilance.

Ethics 125

Ethics Data 125

Supply Chain Dive

NOVEMBER 21, 2023

The automaker is looking to create a circular supply chain that can make use of aging Prius models to help feed its growing electric vehicle production.

Sourcing 113

Sourcing Supply chain Supply 113

SCMDOJO

NOVEMBER 24, 2023

In a bustling warehouse, safety should always be a top priority. Unfortunately, accidents can happen, posing serious risks to workers and operations. Understanding and being aware of common warehouse accidents is essential for preventing them in the first place. Look at some common warehouse accident pictures and you’ll notice most are forklift accident pictures.

Supply Chain Efficiency 96

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization Risk 96

IBM Supply Chain Blog

NOVEMBER 21, 2023

Apache Kafka is a well-known open-source event store and stream processing platform and has grown to become the de facto standard for data streaming. In this article, developer Michael Burgess provides an insight into the concept of schemas and schema management as a way to add value to your event-driven applications on the fully managed Kafka service, IBM Event Streams on IBM Cloud ® What is a schema?

Real-time Visibility 96

Real-time Visibility Quantity Data Quality 96

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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.

Supply Chain Optimization

Supply Chain Brain

NOVEMBER 19, 2023

Considering the huge cost of food fraud in global supply chains, it might come as a shock to consumers to learn how weak are the current efforts to put a stop to it.

Supply chain 115

Supply chain Supply 115

Art of Procurement

NOVEMBER 23, 2023

News stories come and go but some have more ‘legs’ than others. While wars and politics and the economy can. The post Where are they now? appeared first on Art of Procurement.

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Procurement Risk management Risk Management 94

Supply Chain Dive

NOVEMBER 20, 2023

The New York senator is calling for help “to find packaging alternatives” and resolve the issue. Many point to Pactiv Evergreen as the source of the supply chain snarl, although no official cause has been confirmed.

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Supply chain Sourcing Supply 108

Procurement Insights

NOVEMBER 20, 2023

With 900 plus radio interviews under my belt as a host, plus numerous television and webinar appearances, the only thing I have enjoyed more than the live broadcasts are the green room discussions before going live. While the live events are energized and engaging, the raw, uncut, and unedited discussions have a different feel that is not as formal and can be unpredictable.

Negotiation 91

Negotiation Data Procurement Supply chain 91

Advertiser: GEP

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.

Procurement

Supply Chain Brain

NOVEMBER 19, 2023

As we settle into another flu season and updated COVID boosters become available, the focus on vaccine distribution and the cold-chain logistics industry remains sky-high.

Management 111

Management Logistics 111

IBM Supply Chain Blog

NOVEMBER 24, 2023

Application modernization is the process of updating legacy applications leveraging modern technologies, enhancing performance and making it adaptable to evolving business speeds by infusing cloud native principles like DevOps, Infrastructure-as-code (IAC) and so on. Application modernization starts with assessment of current legacy applications, data and infrastructure and applying the right modernization strategy (rehost, re-platform, refactor or rebuild) to achieve the desired result.

Real-time Visibility 89

Real-time Visibility Data Cost of ownership Strategy 89

Supply Chain Dive

NOVEMBER 21, 2023

As automakers ramp up production efforts, labor challenges and geopolitical risks may continue to plague operations, according to industry experts.

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Supply chain Risk Supply 117

SCMR (Supply Chain Management Review)

NOVEMBER 22, 2023

Professor Kevin Shang of Duke University’s Fuqua School of Business has developed a machine-learning solution to allow grocers to stock optimal amounts of perishable food in their supply chains.

Supply Chain Optimization 88

Supply Chain Optimization Supply chain Supply 88

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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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