Trending Articles

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CPO Crunch: Let’s get rational about ESG

Procurement Leaders

When it comes to ESG, there have been growing murmurs of discontent recently as political figures – predominantly in the US – attempt to push back on its growing influence. The arguments, which I won’t explore in detail here, are focused around whether markets are being manipulated and whether investors and corporations are being forced down a particular route unwillingly due to the reach of increasing regulation.

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Chasing a Common Supply Chain Objective: Saving Lives

Art of Procurement

For over a decade, one public-private partnership has worked to make lifesaving medicines available in the most remote parts of. The post Chasing a Common Supply Chain Objective: Saving Lives appeared first on Art of Procurement.

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The Advantages of Big Data Analytics in Suppliers Management

All Things Supply Chain

Traditionally, purchasing and supply management (PSM) has strongly relied on data management, as procurement managers need to dispose of, clean, and update data of different natures to compare suppliers’ performance,…

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Cybersecurity Experts Fear Risks from Shein’s Supply Chain Technology

Supply Chain Brain

Shein plans to sell supply chain technology to companies around the world, raising fears that sensitive logistics and customer information could be seized by the Chinese government.

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How a Global CPG Leader Optimized $500M of Direct Materials Spend and Exceeded Savings Goal

A Fortune 500 CPG company partnered with GEP to improve end-to-end category management, optimize direct spend categories, and increase strategic focus on tail spend. GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supply chain resilience and agility.

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Luminance: Vendor Analysis — CLM solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Luminance and its solution for contract lifecycle management (CLM). Luminance offers legal-grade AI for the full spectrum of document review, from generation and review to post-execution analysis. The Luminance AI enhances and expedites the entire contract lifecycle process, including drafting, negotiating and understanding key features of executed contracts, all while maintaining compliance.

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Honda aims to streamline container shipping process

Supply Chain Dive

The automaker’s motorcycle and power products operations divisions are tapping FourKites and BuyCo for greater transport visibility.

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How To Create an Effective AI Use Policy for Your Legal Team (+ Template)

ContractSafe

Artificial intelligence (AI) has taken the world by storm, and legal teams are racing to jump on board. It’s a technology that promises a complete overhaul of how the world works, from automating mundane tasks to generating human-like text and more.

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Extreme Weather Along South African Coast Could Bring Shipping Delays

Supply Chain Brain

An intense cold front bringing snow to some areas of the country is resulting in damaging coastal winds, rains and waves that threaten infrastructure.

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Q2 2024 Insider roundup: A deep dive into intake management and orchestration; following procurement tech market movements; updated coverage of 16 vendors

Spend Matters

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

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Manufacturing costs to watch in the second half of 2024

Supply Chain Dive

Uncertainty in the economy is causing manufacturers to tighten their belts, as logistics and supply costs remain vulnerable.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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The one book ALL procurement professionals must read!

Procurement Insights

EDITOR’S NOTE: As a voracious reader, I have read almost every book under the sun relating to business and prime-time executive superstars. I have interviewed many of these authors on my radio show. While each has its own unique approach to achieving life, business, and career success, there is an element of similarity across all of them. That similarity stops with this book.

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Debunking 5 Common Myths About Predictive Procurement Orchestration

Arkestro

Over 50% of organizations have automated their procurement processes, with around 35% using AI in procurement — an impressive increase from 29% in 2020. This evolution enables procurement teams to make superior decisions, initiate more events, and cover broader ground without additional resources.

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Digital Threads: The Path to Sustainable Manufacturing

Supply Chain Brain

Growing environmental concerns, rising consumer expectations for ethical production, and increasing regulatory pressures are pushing businesses toward sustainable operations.

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The Importance of Third-Party Logistics (3PL): Definitions and Insights | Ecommerce

Finale Inventory

In the fast-paced ecommerce industry, efficiency and customer satisfaction are of utmost importance. This is where third-party logistics, or 3PL, comes into play. Understanding the role of 3PL in ecommerce and the benefits it offers can significantly impact the success of your online business. This article provides definitions, insights, and the significance of 3PL in the ecommerce landscape.

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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

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Dollar Tree rotacart deliveries reach 600 stores

Supply Chain Dive

The discount retailer has been working to reduce unloading times and achieve other efficiencies across its supply chain.

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AI Dime A Dozen Post Reader Reactions!

Procurement Insights

One of the AI industry’s top experts and most vocal supporters had a few things to say on LinkedIn about yesterday’s post. The following exchange not only uncovers issues that need to be discussed openly, but it also makes for pretty good reading. Paul Baier Executive Fellow @HBS and CEO of GAI Insights | We help innovative AI leaders and vendors drive value with GenAI Jon W.

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Technology and ESG: Embracing Change with Emir Allen – Episode 98

Procurement Talk with David Byrne

Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary In this episode Martin Smith interviews Emir Allen, the Managing Director of Talent Finance. They discuss Emir’s background in the accountancy and finance world, the challenges and opportunities in the profession and the current landscape of the market. They also touch on … Continued The post Technology and ESG: Embracing Change with Emir Allen – Episode 98 appeared first on Talent Drive.

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'Unprecedented': Can Amazon Beat Temu and Shein at Their Own Game?

Supply Chain Brain

As e-commerce giants Temu and Shein continue to gain traction in the U.S., Amazon is firing back with a low-priced store mirroring the model of their Chinese competitors.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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Unpacking Information Systems: Definitions and Practical Examples | Ecommerce

Finale Inventory

Technology plays a vital role in 2024’s business landscape, and one key aspect is the use of information systems. In this article, we will talk about the realm of information systems specifically in the context of ecommerce. We will examine their definitions, provide practical examples, and discuss their significance in modern business operations.

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Air freight industry anticipates surging peak rates

Supply Chain Dive

Shippers are expected to benefit from long-term capacity agreements or remain "at the mercy of the market," according to a Xeneta report.

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What is “clean data” – how do you define it?

Procurement Insights

Ask a simple question – what is clean data? Some of the answers: “That’s a hard question to answer.” “It means you can have 100% trust in its accuracy.” “Speaking with procurement teams from all industries and sizes, we know that data quality is still a real challenge–they’re struggling with disparate systems, manual data entry processes, and they aren’t able to deliver all of the value to the organization that they would hope to.

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Strategic Sourcing and Decarbonization Best Practices

Jaggaer

Proven Techniques from Source to Contract By Georg Roesch, VP Direct Procurement In our recent guest article, Prof. Christian Heinrich, Co-Founder and Managing Director, carbmee, described “the 80% challenge” faced by manufacturing companies. The vast majority – namely, 80% – of the carbon emissions from manufacturing companies fall under Scope 3 carbon emissions , indirect emissions caused by suppliers of various inputs to a company’s operations, such as steel, iron, electricity and fer

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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The Hidden Costs to Business of the AI Revolution

Supply Chain Brain

AI promises to save effort and time on a scale never before witnessed in human history. But to quote Serena Williams: “Everything comes at a cost. Just what are you willing to pay for it?

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The Guide to Getting a Product Barcode in 5 Steps | Ecommerce

Finale Inventory

Are you an ecommerce seller? If so, you may already understand the significance of product barcodes in streamlining your business operations. In this guide, we will walk you through the process of obtaining a product barcode in five simple steps. From grasping the role of barcodes in product identification to designing and printing your barcode, we’ve got you covered.

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South Carolina ports, ILA to reopen idle terminal

Supply Chain Dive

The terminal, which has been closed since January 2023, will significantly expand handling capacity at the growing port.

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Why data is useless if this one thing is missing

Procurement Insights

Please read the following four definitions and identify which one area is an absolute must for you to get maximum value from your data: Data Science What does a data scientist do? Data scientists determine the questions their team should be asking and figure out how to answer those questions using data. They often develop predictive models for theorizing and forecasting.

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Supply Chain Orchestration: A New Era in Supply Chain Management

When the only certainty is uncertainty, what does that mean for today’s supply chain management approaches? This eBook delves into how supply chain orchestration can help businesses unlock agility, transparency, intelligence, and trust across their end-to-end supply chain.

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War-Forged Leadership Lessons

Una

War-Forged Leadership Lessons Five war-forged leadership lessons from active-duty military for aspiring and current leaders from the battlefield to the boardroom. By Hugo Britt | July 11, 2024 Search Search If an Airborne Division officer was able to convince 40 people to follow him when he leaped out of an airplane into a night that would drop as low as -50 degrees with high winds, then that person has some serious credibility when it comes to leadership coaching.

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Watch: The Value of True Collaboration With Suppliers and Customers

Supply Chain Brain

Collaborative planning, forecasting and replenishment (CPFR) has to involve both suppliers upstream and customers downstream, says Noha Samara, senior director analyst with Gartner.

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How Businesses Manage PPE Inventory Efficiently with Finale Inventory | Ecommerce

Finale Inventory

In a fast-paced business environment, efficient management of personal protective equipment (PPE) inventory is essential. With the rising demand for PPE due to the COVID-19 pandemic, businesses need reliable tools to track and manage their inventory effectively. This article highlights the importance of efficient PPE inventory management and how Finale Inventory can help businesses streamline their processes.

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Canadian border agents ratify labor deal

Supply Chain Dive

The new agreement for the more than 9,000 represented employees runs through June 2026.

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GEP Procurement & Supply Chain Tech Trends Report

The technological landscape is dynamic and changes quickly. And for procurement and supply chain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supply chain for the year ahead?