Sat.Dec 14, 2024 - Fri.Dec 20, 2024

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Procurement transformation 2025: Why invest in procuretech and how to make the case – Vroozi

Spend Matters

In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys. Mike Jud , Senior Director Customer Experience at P2P solution provider Vroozi , shares what their customers are looking for from their digital procurement investment.

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The Final Wrap-up of this Year – The ATSC Awards 2024

All Things Supply Chain

“A Festivus for the rest of us!” Frank Costanza As Frank Costanza reminded us with my traditional Seinfeld reference, the holiday season is about celebrating in our unique ways.

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Trending Sources

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FedEx plans additional surcharge changes for 2025

Supply Chain Dive

The carrier is adding a fee for processing inbound U.S. imports and delivery area surcharges for new ZIP codes, among other adjustments.

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Port of Portland Finds New Operator for Terminal 6

Supply Chain Brain

The Port of Portland has managed T6 itself since 2017, making it the only West Coast container terminal with a public operator.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

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.

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Tariffs and Procurement (Part 3): Tech capabilities for proper tariff management

Spend Matters

In part 1 of this mini series on tariffs we looked in more detail at what we mean by tariffs and in part 2 we talked about a Procurement action plan. In part 3 we look at the tech that can support Procurement in tariff management. Effective and efficient tariff management is rooted in robust direct materials and supply chain risk management. Together, these disciplines empower organizations to handle tariff-related risks (and a broader range of supply chain challenges that extend well beyond tar

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Navigating the Perfect Storm: How 2024’s Holiday Supply Chain Challenges Can Drive Innovation

All Things Supply Chain

As we head into the 2024 holiday season, the global supply chain faces a convergence of.

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NMFTA Turns Attention to Digitizing FTL Freight Sector

Supply Chain Brain

The newly-formed Digital FTL Council includes representatives from companies such as Nordstrom, Uber Freight, J.B. Hunt and C.H. Robinson among others.

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Procurement Fraud: Identifying Risks and Effective Management Strategies

Skill Dynamics

Procurement fraud is often overlooked, but it can tear away at your company’s integrity and reputation from the inside if left unchecked for too long. Activities such as bribery or inflated invoices can lead to severe legal repercussions, significant financial losses, and can damage your brand beyond repair. Proactively identifying and managing procurement fraud is incredibly important when safeguarding your organization’s future.

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ESG Supply Chain Monitoring and Reporting

Barkers Procurement

In the realm of modern business practices, Environmental, Social, and Governance (ESG) criteria have become integral to shaping the strategic framework of organisations aiming to operate sustainably and ethically. For companies committed to embracing these principles, monitoring and reporting ESG metrics within the supply chain is not just a regulatory requirement but a strategic imperative that enhances transparency, builds trust, and secures a competitive edge.

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Fed trims main interest rate, signals prospect of less easing in 2025

Supply Chain Dive

Policymakers reduced the benchmark interest despite signs that their nearly three-year fight to push down inflation to their 2% target has stalled.

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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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Anaplan Presents: Empowering Human Decision-Making with Collaborative AI Solutions

Supply Chain Brain

In this webinar, well explore how AI technologies are redefining high-stakes decision-making to amplify human potential. Through a real-world example, youll see how a connected approach to AI transformed operationsstreamlining workflows, optimizing decisions, and enabling teams to focus on what ultimately drives business success.

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WNS Procurement, powered by The Smart Cube: Vendor Analysis — Risk, Category and Commodity Intelligence and AI Assistant solutions overview, competitors, user considerations, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis, we give an overview of WNS Procurements digital offering. The years 2020 and 2021 showed that a majority of businesses were unprepared to tackle significant disruptions and changes in their supply chains, and the business environment is still more volatile and uncertain than ever. Supply disruptions and market dynamics impacted many companies because they had limited visibility into their supply chains, no structured risk management programs and inadequate

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Five Insights for Procurement Teams Navigating Peak Season

Barkers Procurement

With Christmas and January sales approaching, procurement teams are well into peak season. Those working for FMCG businesses will be familiar with this period of high demand, its long hours and the pressures of ever-evolving expectations. Its a time when the stakes are high. On the one hand, supply chain weaknesses are open to risk, and even the smallest challenges are magnified.

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DHL Supply Chain deploys Volvo autonomous trucks in Texas

Supply Chain Dive

The logistics company is using the technology along two routes in the state as it seeks to increase freight capacity.

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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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Solving Supply Chain Challenges with Expertise and Excellence

Supply Chain Brain

This guide outlines the key advantages of Werners dedicated solutions, including cost savings, unmatched reliability, and cutting-edge technology.

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Best Of 2024: Can Amazon “Reshape” the Procurement Industry?

CPO Rising

Editors Note: Over the next few weeks on CPO Rising, were publishing some best of 2024 articles as we reflect on the year and prepare for the new year ahead.… The post Best Of 2024: Can Amazon “Reshape” the Procurement Industry? appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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2024 Year In Review

ContractSafe

As the year comes to a close, we're excited to share the innovative features we've brought to ContractSafe this year. Whether you're looking to gain better visibility into your contracts, automate tedious tasks, or improve collaboration, our latest features were designed to help your team save time and reduce complexity.

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‘In the trenches’: CH Robinson CEO shares views on tariffs, nearshoring

Supply Chain Dive

The brokerage giant, heavily involved in U.S.-Mexico truckload crossings, is focused on helping customers navigate potential changes in cross-border trade, CEO Dave Bozeman said.

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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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ONE Announces Transatlantic Services in Partnership with Other Top Container Lines

Supply Chain Brain

The three services will be operated together with CMA CGM, COSCO Shipping Lines, Oriental Overseas Container Line and Evergreen Line, as part of a vessel-sharing cooperation.

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Why Gartner’s Data Fabric Graphic Puts The Horse Before The Cart

Procurement Insights

Here is the link to today’s Gartner post on LinkedIn regarding the Data Fabric graphic. My comment is below. I will use these three terms: agent-based model, metaprise, and then – only then, as you call it, data fabric. Without the first two being in place, the data fabric map described above is incomplete and has limited value. Everything begins at the point of new data inputs.

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Skill Dynamics Recognized in Spend Matters’ Modern Procurement Training Report

Skill Dynamics

Were excited to share some great news: Skill Dynamics has been featured in Spend Matters “ The Modern Procurement Training Landscape ” report! This recognition reflects our dedication to delivering premium training that helps procurement professionals stay ahead of the curve. The Spend Matters report explores how procurement training is adapting to meet the challenges of a rapidly changing business world.

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Truffle company expands Connecticut distribution center

Supply Chain Dive

Italy-based Sabatino’s new hub will handle production, packaging and shipping of goods like oil and seasonings.

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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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The State of Shipping and Logistics in 2025 and Beyond

Supply Chain Brain

Many of these trends are already picking up speed, and much will come down to rapidity of adaptation and adoption, both practice and tech-wise.

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The Benefits Of Going Off-Map To Assess Solution Providers

Procurement Insights

Why Go “Off Map (Or List)?” According to research, there are 5,000 or more ProcureTech solution providers in the world. Heres a detailed comparison of ProPurchaser , Expana , Beroe , Negotiations Ninja , NEGOBRAIN.AI , MIT’s Negotiation Essentials Sprint , Sound Negotiator , and Nibble Technology based on their offerings, focus areas, and unique features.

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Part Three: Expanding Procurement’s Influence — Connecting Strategy, Users, and Technology

CPO Rising

Did you miss Ardent Partners’ recent webinar,Cast a Wider Net: Leveraging Innovation to Expand Procurements Influence and Impact,that shed light on how procurement can deliver greater value by focusing on… The post Part Three: Expanding Procurement’s Influence Connecting Strategy, Users, and Technology appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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Amazon warehouse workers on strike amid holiday rush

Supply Chain Dive

The e-commerce giant said work stoppages at seven facilities have not impacted operations.

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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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Connecting Strategy to Execution – Deploying Strategy With Integrated Business Planning

Supply Chain Brain

This white paper demonstrates the principles of connecting strategy to plans and execution in each business function using Integrated Business Planning (IBP) as the means of deployment.

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ZIP, ProPurchaser, MS Excel: Which One Is Right For Your Procurement Organization Right Now?

Procurement Insights

Since most people using ChatGPT trust the outcome (an estimated 60% to 80%), I thought I would throw it a curve ball and ask who ProPurchaser’s main competitors are. It would be an understatement to say I was surprised that ChatGPT identified ZIP as one of ProPurchaser’s top five competitors. I then asked the next (and obvious) question, why are ZIP and ProPurchaser considered competitors?

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AI Expert Noelle Russell Highlights Industry Transformation at MEMA Luncheon

Arkestro

Resources / Blog / AI Expert Noelle Russell Highlights Industry Transformation at MEMA Luncheon AI Expert Noelle Russell Highlights Industry Transformation at MEMA Luncheon Arkestro was recently a proud sponsor of the MEMA OE Women In Industry Luncheon, where AI expert Noelle Russell , delivered an insightful keynote address on artificial intelligence’s transformative impact across industries.

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Nordstrom and Macy’s abandoned the ‘retail inventory method’ after using it for decades. Here’s why.

Supply Chain Dive

The accounting practice can interfere with merchandising and pricing decisions while also muddying the picture on inventory shrink, experts say.

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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.