Tue.Sep 20, 2022

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7 Purchasing Negotiation Strategies Every Buyer Should Use

ProcurePort

• In procurement, the balance of power can shift towards the suppliers for many reasons. First, suppliers can eliminate competition by applying a loss-leadership strategy that drives other companies out of business. • In other cases, demand far outweighs supply, making it hard for buyers to negotiate. Such circumstances make it important for procurement teams […].

Buyers 246
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Watch: AI Has a Role to Play in Global Sustainability

Supply Chain Brain

Artificial intelligence has an important role to play in promoting sustainability across the supply chain, says Erin Halka, senior director with Blue Yonder.

professionals

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San Pedro Bay ports see loaded import volumes drop in August

Supply Chain Dive

Looking ahead, Port of Los Angeles Executive Director Gene Seroka projected the port would have “lighter numbers” for the rest of the year.

Import 113
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Automation’s Role in Addressing Unpredictable Supply Chains

Supply Chain Brain

Automation in the supply chain is certainly not new. However, recent advances in artificial intelligence-based systems have made automation far more effective.

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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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How to Adjust to Evolving Technology Costs

Una

How to Adjust to Evolving Technology Costs & Avoid IT Spending Mistakes. By Eric Edwards | September 20, 2022. As the ball dropped in Times Square heralding the start of 2022, a once technological juggernaut passed quietly into the history books—BlackBerry. Within two decades, Canada’s once ubiquitous smartphone company grew until another eponymous fruity IT company introduced its iPhone.

Budget 98
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Amazon Keeps Prices "Artificially High," California Alleges

Supply Chain Brain

State Attorney General Rob Bonta on Sept. 14 announced the antitrust suit challenging Amazon merchant agreements that bar sellers from offering lower prices on other sites and impose stiff penalties if they do.

Price 105

More Trending

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How CPGs are using M&A to boost manufacturing amid supply disruptions

Supply Chain Dive

While dealmaking often focuses on food or beverage brands, more companies are buying plants to ramp up production, widen an offering’s reach and lessen dependence on outside manufacturers.

Supply 93
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Fantastic Benefits of Using Bitcoin!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What are the Top 10 Benefits of Bitcoin? You all know about the craze of investing in this digital cryptocurrency in this whole modern world, right. However, there are some groups which still don’t recognize this digital crypto, and it is due to having insufficient knowledge of the benefits of using Bitcoin.

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Last mile carrier plans to launch franchise delivery model in 50 markets

Supply Chain Dive

The Frontdoor Collective is looking to prove out its business model next year, an executive told Supply Chain Dive.

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Featuring Our Top 16 Human Resources Articles!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Nothing gets done without people. In your everyday life and at work it is people that make everything happen. No matter what your job or career is, no matter what company or industry you work in, and no matter where you live, Human Resources are at the epicentre of everything. In this article we are featuring our Top 16 Human Resources related articles.

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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?

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White House supply chain strategy shifts beyond 24/7 port operations

Supply Chain Dive

Port and Supply Chain Envoy Gen. Stephen Lyons said the initiative failed to gain traction due to the financial costs involved.

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Investing 101: A Simple Guide to Investing Money!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Start Investing in 6 Easy Steps! Many people view investing as something that is only for the wealthy or for those who are financially savvy. However, investing money can be a great way for anyone to grow their money and secure their financial future. There are many ways to invest, and there are a variety of resources available to help you get started.

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Two Swedish Delivery Startups Merge at $1.7 Billion Valuation

Supply Chain Brain

The new company, Instabee, will be owned by the respective founders of the two startups as well as by Kinnevik AB, an 80-year-old investment firm started by the Stenbeck family.

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FHNCapital Review – The Platform for Active Traders!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The modern trading environment requires traders to react swiftly to changes in the market. This fast-paced environment has created the need for active traders to use platforms that allow them to make sharp decisions while they are in the market. FHNCapital provides its traders with the tools they need to make quick trades and move with the market flow.

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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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Devil in the Details – Tech Company Seeks to Solve Inaccurate Delivery Addresses

Supply Chain Brain

Around half of all last-mile related costs are expended in the last few hundred feet because of challenges in finding the exact delivery location and, worse, deliveries fail altogether because the person making the delivery cannot find the exact right location.

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6 successful tactics for efficient indirect spend control

Spend Matters

Categories: Sponsored Article Tags: Sponsored Article Being largely overlooked in the past, indirect spending has started to receive due attention from senior procurement management. It's not surprising, as, on average, indirect spend equals 50 percent of a company's purchases. With a proper approach and well-planned strategy, companies are expected to achieve as much as 25 percent of savings, improve the quality of products and services they provide and strengthen their business operations.

Quality 88
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Why continuing professional development is a game changer

Positive Purchasing

Jonathan O’Brien suggests continuing professional development (CPD) holds the key to individual and organizational success. The power of lifelong learning is well-publicized. It was Italian sculptor Michelangelo who famously claimed to be ‘still learning’ at the age of 87, while Mahatma Gandhi advised us, “Live as if you were to die tomorrow. Learn as if you were to live forever.”.

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Port Labor Talks Stall as Worker Disruptions Grow

Supply Chain Brain

The negotiations between dockworkers and employers are at a virtual standstill, with the sides locked down by local concerns and unable to move to contentious wage and automation issues.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.

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The Future Of Category Management Is Here!

Zycus Cognitive Procurement

As the world continues to change at a rapid pace, category managers will need to be more nimble and adaptable than ever before. The pandemic has changed how people shop, and some of those changes are here to stay. What were once best practices are now outdated, and what were once merely trends are now becoming the new norm. Increasingly competitive markets, the rise of e-commerce, and the growing demand for private label products are just a few factors driving this change.

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Celebrating the Trailblazers: Women in Supply Chain Award 2022

Solvoyo

Asena Yosun Denizeri, VP of Retail at Solvoyo, has won the 2022 Women in Supply Chain award from Supply & Demand Chain Executive for her contributions to the industry and support of other women. The post Celebrating the Trailblazers: Women in Supply Chain Award 2022 appeared first on Solvoyo.

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294: Optimize Warehouse Productivity, with Locus Robotics

Let's Talk Supply Chain

Today I’m joined by Locus Robotics , a super innovative technology brand that is creating ground-breaking robotics technology, with the right mix of power and flexibility, to improve warehouse productivity. Locus design and build innovative autonomous mobile robots, that work collaboratively alongside people in the fast paced logistics and fulfilment industries.

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Railroads’ Strategy Thrilled Wall Street, but Not Customers and Workers

Supply Chain Brain

The underlying strategies that strengthened railroads’ bottom lines have caused friction with customers, regulators and particularly workers — giving rise to a contract dispute that threatened a nationwide shutdown of the railway system.

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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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Mastermind LIVE Session Spotlight: Applying the Athlete’s Mindset to your Procurement Journey

Art of Procurement

Professional athletes represent the top 1% in their sport. While talent will take an athlete a long way, the key. The post Mastermind LIVE Session Spotlight: Applying the Athlete’s Mindset to your Procurement Journey appeared first on Art of Procurement.

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Cirtuo: Vendor Analysis, 2022 Update — Strategy management solution overview, competitors, tech selection tips, analyst summary

Spend Matters

Categories: Analysis , P2P , Procurement Strategy & Planning , Spend Analysis , Strategic Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis updates an analysis of Cirtuo, a strategy management solution. This Spend Matters PRO Vendor Analysis Update gives a refreshed overview of Cirtuo, a solution built to support strategization. There are many procurement solutions on the market and many focus on the upstream processes, S2C, which is supposed to be more strategic than the downstream

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The Best Way to Work with Large-Scale Shipping!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Logistics at Risk! Charter, Outsource, or Vertically Integrate? With over $19 Trillion in goods moving through U.S. transportation networks alone, according to the Bureau of Transportation Statistics, shippers are reevaluating their shipping strategies in dealing with large-scale shipping to take better advantage of a thriving global logistics marketplace.

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What Is a Packing Slip and Why Is It Important

Finale Inventory

Many customers may disregard packing slips as soon as they open their packages. Yet, these pieces of paper are essential to many e-commerce businesses in various industries. Packing slips contain much information that helps businesses and customers evaluate what a package contains, reducing packing mistakes and improving communication between buyer and seller.

Import 52
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GEP Outlook Report 2024

Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Whether from geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.

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A Guide to Buying a High Value Property!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Real Estate Management Systems Advances and Benefits! Getting a new property can be extremely exciting, especially if it is something that you have dreamed of. You might finally get your hands on the pool you have always wanted, the double garage, or a kitchen outlay that is fit for a chef, and maybe you can hardly wait!

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Negotiating Your Success: Do Your Suppliers Finally Have a Voice?

HICX

Ahead of the launch of HICX’s own Voice of the Supplier Survey , in which we asked 500+ large and international suppliers dealing with enterprise customers in the CPG, FMCG, Aerospace Defense and Energy sectors about their experience serving some of the biggest organizations in the world (i.e., those with a revenue of $1 billion or more), we held a webinar to find out if suppliers are being heard.

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Becoming Familiar with Ways to Invest in Bitcoin!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Pros and Cons of Bitcoin Investments ! Bitcoin is growing fast, and you are well aware that there is no other investment better than this investment. When you invest in Bitcoin you have to figure out many things. The reason is you can’t randomly invest in this digital crypto.

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Keys to Negotiation Success: Assessing Leverage and Issue Identification

NLPA (Next Level Purchasing Association)

Successful negotiations require careful preparation and planning. The following are the 10 Critical Steps for Negotiation Preparation: Assessing your Leverage. Identifying the Issues. Setting Targets. Deciding when to disclose targets. Developing a Strategy. Putting Negotiation Issues in order. Contingency Planning. Deciding on a location. Developing your negotiation worksheet.

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How to Create a Blueprint for Fleet Resilience

Speaker: Jeff Dickinson - President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future. 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,