Supply Chain Brain
APRIL 23, 2024
What started as a shared frustration at the lack of tracking information on general cargo shipments resulted in a much-needed advancement in tracking technology and shipping analytics.
Supply Chain Dive
APRIL 23, 2024
Carol Tomé said the carrier offers “an integrated solution that’s very different” from what FedEx can provide.
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Supply Chain Brain
APRIL 23, 2024
The City of Baltimore says it plans to pursue "significant" claims against the firms responsible for the Dali , in a bid to compensate the city, its residents and businesses.
Supply Chain Dive
APRIL 23, 2024
Indirect emissions are notoriously hard to calculate and address, so the Science Based Targets initiative put forth a new guideline for the auto industry's category 11 goals.
Advertiser: GEP
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.
Supply Chain Brain
APRIL 23, 2024
Samuel Parker, director of shipper segment with DAT, describes the company's iQ platform, which hosts the new and improved DAT iQ Benchmark, an AI-powered business tool for shippers.
Supply Chain Dive
APRIL 23, 2024
Creating the role helped the food manufacturer streamline its operations and reset its sourcing and logistics strategies, Oksana Woloszczuk said.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Supply Chain Dive
APRIL 23, 2024
Costs associated with inbound freight and warehousing costs dropped as the furniture company rolled out planning capabilities and simplified operations.
Supply Chain Brain
APRIL 23, 2024
The STB opened its investigation after crew shortages led to Union Pacific imposing more than 1,000 embargoes in 2022.
Supply Chain Dive
APRIL 23, 2024
The Can Manufacturers Institute says the president should do more than triple the average tariff rate of 7.5% under section 301.
Supply Chain Brain
APRIL 23, 2024
The auto manufacturer reported nearly $3 billion of profit in Q1, a 24% increase from that period in 2023.
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.
Supply Chain Dive
APRIL 23, 2024
The final rule expands overtime pay eligibility to millions of U.S. workers, the department said.
IBM Supply Chain Blog
APRIL 23, 2024
Change is inevitable in an organization; especially in the age of digital transformation and emerging technologies, businesses and employees need to adapt. Change management (CM) is a methodology that ensures both leaders and employees are equipped and supported when implementing changes to an organization. The goal of a change management plan, or more accurately an organizational change plan, is to embed processes that have stakeholder buy-in and support the success of both the business and the
Arkestro
APRIL 23, 2024
Resources / Blog / Embracing AI and Predictive Procurement to Overcome Industry Challenges Embracing AI and Predictive Procurement to Overcome Industry Challenges Today’s procurement teams are faced with a host of challenges: Managing more spend with fewer headcount. Dramatically improving the internal customer experience and supplier experience. Enhancing supplier performance.
Procurement Software
APRIL 23, 2024
Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. You have to know what you’re spending your money on before you can start to transform your procurement operations. To do this quickly and efficiently, spend analytics software is your best friend. Can you do spend analysis in an Excel spreadsheet?
Advertiser: GEP
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.
World of Procurement blog
APRIL 23, 2024
In the ever-evolving landscape of business, the role of warehousing within the supply chain has grown to be more pivotal than ever. As a procurement professional, understanding the intricacies of warehousing is not just beneficial—it's essential. This article serves as a comprehensive exploration into the world of warehousing, highlighting the nuanced differences and operational strategies within traditional warehouses, distribution centers, and fulfillment centers.
Una
APRIL 23, 2024
How Machine Learning is Transforming Supply Chain Management Machine learning applied to supply chain management allows businesses to enhance decision-making and streamline operations. By Hugo Britt | April 23, 2024 Search Search Welcome to a future where the supply chain landscape is divided, not just by the products and services they deliver, but by the int elligence that drives their operations.
World of Procurement blog
APRIL 23, 2024
I. Introduction In an age where digital transformation decides who leads and who lags, Artificial Intelligence (AI) stands as the vanguard in redefining procurement. Imagine a world where supply chains are not just efficient, but prescient—anticipating needs, risks, and market shifts with uncanny precision. As we stand on the brink of 2024, this is not just a possibility; it's fast becoming the norm in procurement.
ContractSafe
APRIL 23, 2024
When it comes to contracts, in-house counsel has seen it all, from the "simple" contracts that turn into epic novels to the urgent deals that needed to be signed yesterday.
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
World of Procurement blog
APRIL 23, 2024
In today's fast-paced business environment, procurement plays a crucial role in determining a company's efficiency, cost-effectiveness, and competitive edge. A significant driver of this evolution has been the integration of advanced technologies into procurement processes. From automated systems to data analytics, technology is reshaping procurement, making it more strategic, efficient, and adaptable to changing market demands.
Supply Chain Dive
APRIL 23, 2024
The beverage alcohol distributor recently promoted Drew Vermilion to SVP of supply chain strategy and chief of staff.
World of Procurement blog
APRIL 23, 2024
Welcome to the fascinating world of supply chain management (SCM)! In this blog, we will explore the essential concepts and processes vital for beginners entering the field. Whether you are a student, a budding professional, or a curious learner, this guide will illuminate the foundational aspects of SCM and help you understand its significance in today’s global economy.
Supply Chain Brain
APRIL 23, 2024
Four months after President Xi Jinping flagged a proposal to help households and businesses upgrade old machinery, details are still trickling out.
Advertiser: GEP
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?
World of Procurement blog
APRIL 23, 2024
The procurement to pay (P2P) process, also known as purchase to pay, is an essential component of an organization's financial and operational efficiency. It encompasses all steps from the initial identification of a need for goods or services, through procurement and payment, to the eventual reconciliation of accounts. This guide will provide a comprehensive overview of the P2P lifecycle and explain why mastering this process is critical for businesses.
The Procuretech Podcast
APRIL 23, 2024
This week on The Procurement Software Podcast, host James Meads delves into the topic of why reviews and best-of lists may not be as helpful as they seem when choosing procurement software. The episode also touches on the lack of transparency in some top procurement tech listings, cautioning listeners to be wary of sponsored content. Tune in to gain insights on navigating the complex landscape of procurement software selection.
World of Procurement blog
APRIL 23, 2024
Embracing the Digital Transformation in Procurement The procurement landscape is undergoing a seismic shift thanks to the advent of pioneering technologies such as blockchain, artificial intelligence, and robotics. These digital disruptors are reshaping how procurement teams interact with stakeholders and enhance operational efficiency. In this era of the "fourth industrial revolution," it is crucial for organizations to re-evaluate and upgrade their procurement frameworks and supply chain techn
World of Procurement blog
APRIL 23, 2024
In today's fast-paced business world, efficient procurement processes are more crucial than ever. Whether you're running a small business or overseeing operations for a large corporation, understanding the procurement lifecycle is vital for minimizing costs while maximizing value. But what exactly goes into these processes? Let's break down the essential steps in the procurement process flow, providing a roadmap to streamline your procurement activities and achieve strategic objectives.
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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.
World of Procurement blog
APRIL 23, 2024
The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization. Understanding the ins and outs of material procurement can enable businesses to streamline their operations, reduce costs, and achieve better outcomes.
World of Procurement blog
APRIL 23, 2024
Negotiation is an art and a science, particularly in the world of procurement. It involves reaching an agreement that satisfies all parties involved, balancing wants, needs, and expectations with reality. The complex dance of procurement negotiations requires understanding, skill, and strategic preparation. This guide aims to provide a robust framework for navigating negotiation processes, delving into negotiation frameworks, mental models, the concept of BATNA, and the crucial aspect of prepara
World of Procurement blog
APRIL 23, 2024
Procurement plays a crucial role in the operational efficiency and sustainability of a business. From managing supplier relationships to ensuring cost-effective purchasing, the performance of the procurement function can significantly impact a company's bottom line and reputation. Below are the top 20 Key Performance Indicators (KPIs) you should monitor to ensure your procurement process is aligned with your organization's goals, including factors related to Environmental, Social, and Governance
World of Procurement blog
APRIL 23, 2024
Procurement plays a pivotal role in the construction industry, governing how resources, equipment, and services are acquired to bring a project from blueprint to reality. With a myriad of challenges specific to construction, understanding how to navigate the procurement process can make the difference between a project's success or its downfall. This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supply chain st
Advertiser: GEP
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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