Mon.May 13, 2024

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CPO Crunch: The world’s best procurement gathering

Procurement Leaders

Over the course of the coming week, large swathes of the global procurement community will congregate in London to collaborate, challenge, celebrate and learn at the World Procurement Congress. It’s a hugely energising experience – an opportunity to inhale knowledge, grow networks, and challenge our current beliefs, approaches and trajectories. This year’s agenda is world-class in every sense, featuring a diverse group of speakers – from a who’s who of the global CPO community to four-time Olymp

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Energy Conservation and Environmental Regulations in Warehousing

All Things Supply Chain

Warehousing is an essential part of modern supply chain management, serving as a pivotal hub for storage, sorting and distributing goods.

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How rethinking RFPs has enabled an energy firm to harness new sources of innovation

Procurement Leaders

Challenge With global energy demand on the rise and fossil fuels continuing to make up most of the world’s power consumption, cutting emissions in the energy sector represents a formidable task. What’s more, the pathways for companies to reach net-zero are not necessarily clear. The scale and complexity of the challenge is such that businesses are looking far and wide for answers to it.

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USPS plans 25% average price hike for Parcel Select shippers

Supply Chain Dive

The ground delivery offering has been the target of controversial changes that would impact key shipping partners like DHL eCommerce and Pitney Bowes.

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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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Outpacing Disruption by Regionalizing Supply Chains

Supply Chain Brain

Gartner predicts that by 2028, 70% of companies will adopt regionally diversified supply chain models to improve network resiliency in the face of ongoing global disruptions.

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UPS and FedEx battle over small business customers while Amazon looms

Supply Chain Dive

The delivery rivals are fighting to gain share in the lucrative volume segment as their relationships with larger shippers evolve.

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Shippers, forwarders jump on air cargo peak season planning

Supply Chain Dive

The race to secure market share is driven by looming e-commerce demand and upheaval to rate changes sparked by conflict in the Red Sea.

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Faulty Warehouse Upgrade Leaves Australia's Woolworths Shelves Bare

Supply Chain Brain

Woolworths locations across Southeast Queensland reported shortages of fresh items like bread, milk, fruit, and poultry, after an upgrade to their WMS went awry.

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Walmart streamlines fulfillment with third consolidation center

Supply Chain Dive

The facility places suppliers' less-than-truckload shipments into truckload hauls before sending them off to regional distribution centers.

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Candor Introduces Reusable Cold Packaging for Shipments

Supply Chain Brain

The company says that, by consolidating deliveries of perishable and dry goods in one truck, food manufacturers, distributors and retailers can eliminate the costs of multiple deliveries.

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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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Generative AI is a looming cybersecurity threat

Supply Chain Dive

Cybercriminals are focused on ransomware, business email compromise and cryptojacking right now, but a recent report from IBM X-Force thinks AI and ChatGPT could be next.

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Corcentric Platform: Vendor Analysis (Part 2) — S2P product level strengths and opportunities, competitors and market analysis, user considerations, voice of the customer, analyst commentary and summary

Spend Matters

Part 2 of this Spend Matters Vendor Analysis focuses on the strengths and opportunities of Corcentric Platform’s source-to-pay (S2P) solution. It also looks at customer reviews and the elements to consider when looking at Corcentric Platform as a potential solution provider. Part 1 of the series provides a history and overview of Corcentric Platform’s S2P solution and the solution’s roadmap/vision.

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What EU Sanctions on Russian LNG Would Mean for Global Gas

Supply Chain Brain

If approved, the measure would likely trigger contractual challenges for European logistics firms and political backlash from other gas-buying nations.

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Corcentric Platform: Vendor Analysis (Part 1) — S2P solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Corcentric Platform and its source-to-pay (S2P) solution. In the ever-evolving landscape of business operations, organizations are constantly seeking ways to enhance efficiency, reduce costs and streamline their processes. For procurement professionals, the one-stop-shop offered by source-to-pay (S2P) solutions can be invaluable.

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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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Watch: What’s Fueling the Shift of Manufacturing to Mexico?

Supply Chain Brain

Carlos Sugich, partner at the law firm of Snell & Wilmer, discusses the factors that are causing manufacturers to nearshore production in Mexico.

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Crucial Tips for Maximizing Global Sourcing Services

Procurement Freelancers

Imagine fully utilizing the enormous resources and skills available worldwide for your company. Efficient worldwide… The post Crucial Tips for Maximizing Global Sourcing Services first appeared on Procurement Blog | Procurement & Supply Chain News.

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IT Professionals Say Businesses Are 'Ill-Prepared' For Supply Chain Cyber Threats

Supply Chain Brain

Hexnode estimates that 33% of organizations fell victim to cyberattacks over the last year alone.

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The National Program of IT as the Alter-Ego of Procurement

The Good Spending

" One of the worst and most expensive contracting fiascos in the history of the public sector." Some real-life cases only require a little reflection to understand that the project was predefined for failure well before its launch. Can we make appropriate conclusions to prevent that from happening again? The first step is to deepen our study of such cases beyond populistic cliches.

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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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U.S. Supply Chain Activity Slows in April Amid Mix of Factors

Supply Chain Brain

According to S&P Global, seaborne containerized freight imports into the U.S. rose by 8% year-over-year in April.

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Why it’s time to accelerate solar supply chain onshoring

Supply Chain Dive

Industry stakeholders want a stronger domestic solar supply chain to support ongoing innovation.

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How Persuasive Storytelling Can Transform Your Negotiation Skills

Negotiations Ninja

When it comes to negotiation, persuasive storytelling is an important skill to have in your repertoire. It can help you engage your audience, encourage trust, and ultimately, get potential clients past the finish line. With the help of Negotiations Ninja’s persuasive storytelling resources, you’ll master the fine art of persuasive storytelling in no time.

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Protestors Storm German Tesla Factory

Supply Chain Brain

Tesla has attracted intense backlash since the company opened the factory in March 2022, and later announced plans to expand into a nearby forest to increase its production capability.

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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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From Ariba to Zycus: Looking at providers in 2024 through a 2005 Lens

Procurement Insights

EDITOR’S NOTE: This is the second installment in a series that will accomplish the following three things: If you are a provider, this post will cause you to do some real soul-searching about why you are “really” in business. If you are a practitioner, this post will provide you with an infallible screening process to determine if the provider you are considering will “actually” enable you to succeed.

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Controlled Explosions Used to Demolish Baltimore Bridge

Supply Chain Brain

Baltimore Port officials said they hoped to move the Dali within two days.

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Magnus Mondays — Are RFPs For Procurement Technology Really Effective?

CPO Rising

Today’s topic might seem a little ironic given that analysts are infamous among technology providers for issuing long and demanding questionnaires about everything under the sun. But for a buying organization, there are several issues with trying to select, or even shortlist, solution providers based on RFPs.

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Scaling generative AI with flexible model choices

IBM Supply Chain Blog

This blog series demystifies enterprise generative AI (gen AI) for business and technology leaders. It provides simple frameworks and guiding principles for your transformative artificial intelligence (AI) journey. In the previous blog , we discussed the differentiated approach by IBM to delivering enterprise-grade models. In this blog, we delve into why foundation model choices matter and how they empower businesses to scale gen AI with confidence.

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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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Upskilling and reskilling for talent transformation in the era of AI

IBM Supply Chain Blog

Artificial intelligence (AI) represents a once-in-a-lifetime change management opportunity that might decide who wins and losses across every industry. As the AI era takes shape through digital transformation initiatives, executives and employees alike are contemplating how it affects employment and the skills needed to stay ahead. This is where AI upskilling and reskilling come into play.

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