Tue.Nov 07, 2023

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Why is Procure-to-Pay Software Critical Today?

ProcurePort

Efficiency and Cost Savings: P2P software streamlines and automates the entire procurement process, reducing manual tasks, minimizing errors, and optimizing spending, leading to significant cost savings and operational efficiency. Compliance, Visibility, and Control: P2P software ensures compliance with internal policies and external regulations, offers real-time visibility into procurement activities, enhances control over spending, and provides […] The post Why is Procure-to-Pay Software

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IBM and Microsoft work together to bring Maximo Application Suite onto Azure

IBM Supply Chain Blog

IBM and Microsoft believe in providing you with the power of choice so you can leverage the industry-leading asset management capabilities of Maximo Application Suite (MAS) deployed and operating on Azure. MAS is available from IBM or through the Microsoft Azure Marketplace. When you choose to invest in MAS, you’re not just purchasing a license; you’re embracing an opportunity to tailor your asset management journey precisely to your unique needs and aspirations.

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Panama Canal restrictions to stretch into 2024 as low water levels persist

Supply Chain Dive

The constraints have had a limited impact on cargo due to more blank sailings and earlier peak season activity, analysts say.

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Unlock the power of generative AI with intelligent automation

IBM Supply Chain Blog

For business leaders exploring ways to apply generative AI within their companies, it can be difficult to discern where to start, what will scale easily and what will deliver the greatest ROI. But the answer may be much simpler than it seems: automation. When AI is integrated into automation technology it’s referred to as “intelligent automation,” and it’s a high-impact way for businesses to put generative AI to work.

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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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Crocs tightens inventory control, including in ‘gray market’ channels

Supply Chain Dive

The company has stopped price matching with unauthorized sellers on Amazon and taken corrective action against a distributor diverting to the U.S. without permission.

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ONE Completes Stake Acquisition of TraPac, YTI and RWG

Supply Chain Brain

ONE now has a presence in Northern Europe, Southeast Asia and the West Coast of the U.S. following these recent acquisitions.

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More Trending

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Bill Gates-Backed Mining Startup Wants to Expand into Congo

Supply Chain Brain

San Francisco Bay Area-based KoBold’s entry into Congo would align with the priorities of U.S. President Joe Biden’s administration.

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Putting data storage at the forefront of cloud security

IBM Supply Chain Blog

We live in an era of unprecedented technology breakthroughs and opportunities. Recent advances in areas like AI and quantum computing offer transformative potential for businesses, but may also bring new risks and security challenges. IBM is working to address these challenges and evolving threats by helping organizations support highly secure, resilient and durable storage through technology like Cloud Object Storage.

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Minnesota Egg Farm Forced to Kill Chicken Flock Due to Bird Flu Outbreak

Supply Chain Brain

An entire flock must be killed whenever the avian influenza virus is detected on a farm in order to prevent the disease from spreading.

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Gartner Analyst: Steps CSCOs Can Take to Bolster Cyber Defenses

SCMR (Supply Chain Management Review)

Preventing a cyber attack is nearly impossible, but there are plenty of steps chief supply chain officers can take to bolster their organizations’ cyber resilience and limit the potential of damage.

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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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Bangladeshi Wage Protests Halt Operations at 300 Production Sites

Supply Chain Brain

Previously, some Bangladeshi garment workers were paid just $3 a day, but protestors are demanding the minimum wage be at least tripled in the country.

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Bunge partners on blockchain tech to trace soy sustainability

Supply Chain Dive

The grain trader will work with one of the world's largest animal feed producers to ensure products sourced from Brazil are free from deforestation.

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The U.S. Transportation Sector’s Unemployment Rate Rose by 1.1% YoY

Supply Chain Brain

The unemployment rate within the U.S. transportation sector has increased by 2.1% when compared to pre-pandemic levels seen during October 2019.

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Walmart, Amazon see gains in fulfillment pivots as holidays near

Supply Chain Dive

The rival retailers are zeroing in on improved speed and efficiencies with changes to their e-commerce fulfillment strategies.

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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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Watch: The Benefits of Private Mapping

Supply Chain Brain

Nick Zabikow, senior director of sales for the Americas with HERE Technologies, explains the concept of private mapping, and how it helps shippers to customize their routing strategies.

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Rite Aid to close Oregon distribution facility

Supply Chain Dive

The closure comes as the drugstore chain files for bankruptcy and plans to cut back on its real estate footprint.

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Like A Punch In The Nose: What Are The Things That Usually Catch Procurement Professionals Off-Guard

Procurement Insights

I usually share humorous posts on the weekend, but I couldn’t resist sharing the following with you on a Tuesday. The first thing this classic Far Side brought to mind was when I was caught off guard by an unplanned happening or event – not so much now, but definitely in my early career. As we can all learn from one another’s experiences, please share your most memorable “where did that come from” procurement moment.

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How to Transform Procurement into a Strategic C-Suite Player

Arkestro

Resources / Blog / How to Transform Procurement into a Strategic C-Suite Player How to Transform Procurement into a Strategic C-Suite Player Procurement is at a crossroads. At the same time that automation has launched the discipline into a new era of efficiency, global supply chain and manufacturing practices are in a constant state of flux. With technological advancements in their playbook, procurement has largely risen to meet these new challenges — 80% of C-suite leaders say procurement has

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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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ShipStation vs. Finale: Barcoding Software Face-Off

Finale Inventory

Barcoding solutions are vital tools for businesses to streamline their operations, minimize errors, and ensure inventory accuracy. With a myriad of software options available, it can be overwhelming to choose the right one. Today, we present a side-by-side comparison between two leading barcode management tools: ShipStation and Finale Inventory. 1. Hardware Compatibility Both ShipStation and Finale Inventory offer compatibility with scanning devices: ShipStation: Compatible with USB scanners and

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The Art of Procurement’s Sales Pitch & Competing for Talent with Bourne Leisure’s Group Procurement Director (CPO), Sermet Baykaner – Episode 83

Procurement Talk with David Byrne

Listen on Apple Podcasts Listen on Spotify Listen on Google Podcasts Listen on Amazon Episode show notes “It’s not hard to find bodies if you want bodies, but the best people have options. You’ve got to be approaching them.” When good procurement people have the power to choose their path, it takes proactivity … Continued The post The Art of Procurement’s Sales Pitch & Competing for Talent with Bourne Leisure’s Group Procurement Director (CPO), Sermet Baykaner – Episode 83 appea

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Royal Mail Loses 360-Year Monopoly on Post Office Parcel Delivery

Supply Chain Brain

Evri and DPD will be added as other options available at Post Office counters in November, the company said, giving customers a mailing choice for the first time.

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Solutions Review: Industry Experts Quotes on the United States’ Executive Order on AI

Arkestro

The post Solutions Review: Industry Experts Quotes on the United States’ Executive Order on AI appeared first on Arkestro.

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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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How to modernise procurement for the mid-market? – Hans Boot from PEG

The Procuretech Podcast

In this episode of The Procuretech Podcast, host James Meads explores the digitisation challenges faced by mid-market companies with guest Hans Boot, a partner from consulting firm Durch Denken Vorne, specialising in this sector. They discuss their experiences working with small and mid-sized companies in Austria, Switzerland, and Germany. They touch on topics like organisational development, digitisation of processes, indirect costs, and risk management.

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A Guide To Maximizing Efficiency With Strategic Sourcing Management

Procurement Freelancers

Strategic sourcing is crucial in today’s ever-changing corporate environment.