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.

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Procurement Strategic sourcing Strategic sourcing Negotiation 52

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Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.

supply chain budgeting

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

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

ProcurePort

NOVEMBER 22, 2023

In the dynamic landscape of business and procurement, acronyms like RFP, RFQ, and RFI are commonplace. These terms, standing for Request for Proposal, Request for Quotation, and Request for Information, respectively, play pivotal roles in the procurement process. If you find yourself navigating these waters for the first time or looking to deepen your understanding, […] The post Understanding RFP, RFQ, and RFI: A Comprehensive Guide appeared first on ProcurePort Blog.

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Procurement 130

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 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 127

Ethics Data 127

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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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?

Innovation

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

Supply Chain Brain

NOVEMBER 21, 2023

Brick-and-mortar retailers are seeking out hi-tech ways of tracking the habits of flesh-and-blood shoppers while they’re in their stores.

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Supply Chain Dive

NOVEMBER 21, 2023

The logistics provider is leveraging an automated storage and retrieval system to improve throughput times.

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Supply chain Logistics Supply 131

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

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

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 97

Supply Chain Efficiency Supply chain Sustainability Strategy 97

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 119

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 130

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

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 97

Route optimization Supply Chain Optimization Data Price 97

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

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.

Inventory 116

Inventory Price Strategy Suppliers 116

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 128

Logistics 128

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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

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.

Procurement 94

Procurement Risk management Risk Management 94

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

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.

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Supply chain Supply 115

Supply Chain Dive

NOVEMBER 22, 2023

As the CPG company recovers from significant operational disruptions, analysts warned rebuilding inventory and distribution could be a lengthy process.

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Inventory 126

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

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

SCMR (Supply Chain Management Review)

NOVEMBER 21, 2023

The supply chain provides a means for mid-cap companies to improve shareholder and equity value, if they pull the right levers

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Supply chain Supply 88

Supply Chain Brain

NOVEMBER 22, 2023

Demonstrators from Mighty Earth and Youth Climate Strike LA dressed in red “Squid Game” suits and staged a “die-in” at the LA Auto Show November 18.

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Supply chain Supply 111

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 124

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