Thu.Mar 07, 2024

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Procurement Playbook

Procurement Templates

A procurement playbook is a comprehensive document or set of guidelines that outlines the processes, procedures, best practices, and standards for managing procurement activities within an organization. It serves as a reference guide for procurement professionals and other stakeholders involved in purchasing goods and services. Key components typically found in a procurement playbook include: Procurement policies and procedures: Clearly defined rules and regulations governing procurement process

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The diversity dividend: How inclusive businesses gain competitive advantage

IBM Supply Chain Blog

Companies with diverse workforces are better positioned to deliver truly customer-centric experiences to all consumers. For example, when building technology, it is important that employees are aware of the cultural connotations of color schemes, symbols, and graphics. Red signifies good fortune in Chinese culture but can denote danger or caution in Western cultures.

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Shippers should lock in trucking rates soon: experts

Supply Chain Dive

Carrier executives are beginning to show optimism for a rate recovery, which could spell rising costs for customers.

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Deadly Ship Attack Means Red Sea Voyages Need Re-Think, Union Says

Supply Chain Brain

David Appleton, head of professional and technical at Nautilus, which represents more than 20,000 maritime workers, said the utmost priority should be the safeguarding of the lives of seafarers.

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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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Surviving the Supply Chain Arena

Art of Procurement

This week’s episode of Art of Supply features an interview with David Moran, an “unofficially retired” procurement and supply chain. The post Surviving the Supply Chain Arena appeared first on Art of Procurement.

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As North American Manufacturing Surges, Who Wins?

Supply Chain Brain

After several decades of progressive offshoring operations to save on labor costs, U.S. and North American manufacturing is progressively coming back home.

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3 Easy Steps To Procurement Digital “AI” Success

Procurement Insights

STEP 1 – Read the following – My response to a great post by Vineet Khanna STEP 2 – Watch the Following 1:30 video @houseldesign Dominoes with Bricks #brick #dominoes #construction #fyp #fypシ #bricktricks #work #worklife #construção #constructionworker #structure #rypシ #architecture #constructionlife #hardwork #amazing #top #portoi #building #build #baustelle #design #motivation #maison #funny #construction #deutschland #germany #berlin #building #structure #architecture #fypシ

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Episode 156: Accelerating the Data Feedback Loop with Emilie Schario

Una

EPISODE 156 Accelerating the Data Feedback Loop feat. Emilie Schario By Kelly Barner | March 13, 2024 In 1748, Benjamin Franklin wrote “Time is money.” All of the changes and advancements we have seen in nearly 300 years have not managed to render that advice obsolete. Certainly, time has inherent value (whether measured in dollars or otherwise), but time can also cost money – through delays, misalignment, and poor decision making.

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BIMCO Calls for 'Decisive Action' After Red Sea Ship Deaths

Supply Chain Brain

One Vietnamese and two Filipino crew members died in the attack on the MV True Confidence, and two others were seriously injured.

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The role of ethical leadership in the supply chain

Supply Chain Dive

Here are five strengths leaders bring to foster trust and promote ethical conduct.

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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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EU Waters Down Supply Chain Due Diligence Law

Supply Chain Brain

After Germany and Italy withdrew their, European Union presidency Belgium has proposed diluting the law and setting a longer phase-in.

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Wolverine World Wide to shutter Kentucky distribution center

Supply Chain Dive

The company is permanently closing its operations in Louisville and will lay off about 150 employees.

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Watch: Building Insights Into Supply Chains: A Case Study

Supply Chain Brain

A case study arising from an innovative partnership, featuring Erez Agmoni, global head of innovation with Maersk, and Krenar Komoni, founder and chief executive officer of Tive.

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Best Buy’s suppliers help defray costs in choppy electronics market

Supply Chain Dive

The retailer logged $20 million in vendor spending on things like promotions, displays, special staffing and fulfillment services.

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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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Embracing AI: How To Balance Short-Term Gains With Long-Term Promise

Supply Chain Brain

This year is going to be a pragmatic one for business, and AI will play a big part. Does this mean that everyone must rush to purchase an AI tool?

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Procurement 6 – March 8th, 2024

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – March 8th, 2024 appeared first on Art of Procurement.

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Minimize Errors with a Robust Warehouse Barcode System

Finale Inventory

Picture this: a bustling warehouse, palates coming in, orders printing out, shelves (and let’s face it, floor space) overflowing with boxes. You’re looking for a specific item but can’t find it in the chaos. The result? Customers receive their orders late–if they receive the right shipment at all. We’ve all been there, but it shouldn’t be that way–and doesn’t have to be that way.

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Procurement Power Moves: Strategies for Success in the Interim Market with Brian Lombard – Episode 89

Procurement Talk with David Byrne

Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary In this episode of the Talent Talks podcast, Martin Smith interviews Brian Lombard, a manager at Talent Drive. Brian shares his background and how he transitioned from procurement into procurement recruitment. He primarily focuses on the interim market and discusses the current opportunities … Continued The post Procurement Power Moves: Strategies for Success in the Interim Market with Brian Lombard – Episode 89 appe

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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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Boeing 737 Max Recent Rudder Failure Under Investigation

Supply Chain Brain

The incident is the latest involving Boeing’s top-selling jetliner, which was grounded worldwide in 2019 following the second of two fatal crashes that killed 346 people.

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Gain The Competitive Edge with Strategic Supplier Sourcing Solutions

Procurement Freelancers

In today’s cutthroat market, gaining a competitive edge requires smart, strategic moves.

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CPO Strategy: Arkestro Amplifying Procurement’s Influence

Arkestro

This month’s cover star is Kristina Andric, Supplier Manager IT at Tetra Pak and recent CIPS Young Talent winner

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Podcast | Solving the Deadly Problem of Distracted Driving

Supply Chain Brain

Technology is the major reason behind distracted driving. Is it also the solution?

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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?