Wed.Mar 06, 2024

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When Procurement Bear Fruit

Procurement Templates

Ok, so we all agree that us procurement people are powerhouses to yield good results, well most of the time! We all love a good simile or metaphor or what ever it is, and they can be quite useful in getting down to the core qualities of something in one fell swoop. In a busy department, when trying to get to know your workmates, there is good way of getting to know each other, what fruit would you be?

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PepsiCo’s Supply Chain Journey to ‘Always Everywhere’

SCMR (Supply Chain Management Review)

PepsiCo is known for its iconic food and beverage items, but it required partnering with other organizations to truly remake its supply chain on a journey to be “always everywhere” for its customers.

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Finally, the Logistics Industry Embraces Modernity

Supply Chain Brain

Industry consolidation will continue this year as a proving ground for companies’ tech. Two thousand twenty-four will be the year our industry begins to realize the promises of modernity.

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Meet AI in Risk Management

Spend Matters

Artificial intelligence (AI) comes in many forms and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry. In this series of articles, we explore the current state of AI in procurement technology. Today we cover the Risk Management market. We give an overview of its capabilities, a high-level market outline and an introduction to the emerging field of GenAI.

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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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ProcureCon IT Sourcing 2024 To Convene Industry Leaders in Boston, MA

Supply Chain Brain

ProcureCon IT Sourcing invites leading IT sourcing executives to attend the premier peer-led conference for senior-level procurement professionals in the IT sourcing community.

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Ocean Network Express teases network changes for 2025

Supply Chain Dive

The shipping line’s CEO also said he expects the maritime industry to settle for four alliances instead of three moving forward.

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Port of Virginia to welcome additional larger ships

Supply Chain Dive

The East Coast port widened its shipping channel, which is set to reduce port stays for container vessels by up to 15%.

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The Empathy Challenge Facing the Transport Industry

Supply Chain Brain

Empathetic leadership is so much more than leaders saying caring words. It’s about taking the time to listen to and understand, then following up with meaningful actions.

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SEC drops scope 3 emissions from final climate disclosure rule

Supply Chain Dive

The agency scaled back reporting requirements for scope 1 and 2 and will take a phased approach to the new mandates.

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SEC Drops Scope 3 Emissions From Planned Disclosure Requirements

Supply Chain Brain

If adopted, the new draft would represent a win for many corporations and their trade groups that lobbied to water down the rules.

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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

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.

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The Home Depot leans on distribution centers to deliver pro orders

Supply Chain Dive

Not shipping from stores helps reduce the amount of time associates have to spend picking, packing and staging items, Senior EVP Ann-Marie Campbell said.

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The Indispensable Role of Human Trainers in the AI-Dominated Training Landscape

Shapiro Negotiations Institute

In an age where artificial intelligence (AI) is helpful in almost every aspect of our lives—from enhancing training simulations to automating the scheduling of meetings—it’s easy to be in awe of the efficiency it brings. Yet, amidst this technological marvel, the value of human interaction, especially in the realm of learning and development, remains unparalleled.

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AutoZone makes headway on ‘mega hub’ growth for fast store fulfillment

Supply Chain Dive

The auto parts retailer is halfway toward its goal of opening 200 of these stores, which can replenish inventory at nearby locations.

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What’s new in Fraxion: AP automation

Fraxion

We’re excited to announce the latest feature release and optimization to our procure-to-pay suite. Introducing Fraxion AP automation , an AI-powered tool, engineered to reduce the time and costs associated with accounts payable processes.

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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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Boeing Faulted for ‘Absurd’ Lack of Cooperation in U.S. Probe

Supply Chain Brain

The accusation is that no documents exist at Boeing to explain how the airplane left its factory missing bolts that would have prevented the accident in the first place.

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Your Business Guide to Outsourced Procurement

Una

Your Business Guide to Outsourced Procurement A comprehensive guide to outsourced procurement and the benefits of working with a group purchasing organization to save money, time, and effort. Download Full Guide Introduction Everyone outsources. Outsourcing is something we all do in our daily lives, often without even realizing it. From hiring a plumber to fix a leaky faucet to ordering takeout instead of cooking dinner, people commonly outsource tasks to save time, reduce stress, or simply beca

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Property Regeneration Client – Procurement as a Service

Barkers Procurement

This property regeneration clientselected Barkers to conduct a maturity assessment and benchmark of its existing procurement capability. The client has no central procurement function, with each business unit conducting its own procurements, from business requirement through to contract expiration. The assessment focused on a root cause analysis, proposed solutions, blueprint Target Operating Model, with quick win and longer-term recommendations.

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PortPro Launches New Carrier and Brokerage TMS Solutions for Drayage Industry

Supply Chain Brain

Technology aims to help drayage companies operating both asset and non-asset divisions.

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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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Procurement News — March 6, 2024

CPO Rising

Welcome to Procurement News, part of our ongoing aggregate news series covering recent supply management headlines and trends pertinent to Chief Procurement Officers and other procurement leaders! Contact us with your news story here. Procurement Executive News Bonnie Kahakui Nominated to Lead Hawaii’s State Procurement Office HONOLULU — Governor Josh Green, M.D.

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Cloud migration best practices: Optimizing your cloud migration strategy 

IBM Supply Chain Blog

As businesses adapt to the evolving digital landscape, cloud migration became an important step toward achieving greater efficiency, scalability and security. Cloud migration is the process of transferring data, applications and on-premises infrastructure to a cloud computing environment. This shift involves a fundamental change in the way a company operates.

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Three People Killed in Latest Vessel Attack Near Yemen’s Coast

Supply Chain Brain

The Yemen-based Houthi described the carrier as “a U.S. ship,” which its owners and the Biden administration said isn’t true.

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9 ways developer productivity is boosted by generative AI

IBM Supply Chain Blog

Software development is one arena where we are already seeing significant impacts from generative AI tools. The benefits are many, and significant productivity gains are currently available to enterprises that embrace these tools. A McKinsey study claims that software developers can complete coding tasks up to twice as fast with generative AI. The consulting firm’s research found, unsurprisingly, that complex coding tasks were not severely affected by the use of generative AI, so worries a

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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?