Mon.Mar 04, 2024

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Procurement – much more than a job

Procurement Leaders

“Procurement is not a job, it’s a responsibility,” are words that will be nagging at the minds of a hundred procurement executives, following an impassioned speech by Henkel CPO Bertrand Conqueret in Frankfurt last week. As a founding member of Together for Sustainability (TfS) and a cofounder of the Sustainable Procurement Pledge, Bertrand was taking advantage of a prompt offered by the outgoing CPO of Innio, Thomas Janvier.

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Save Billions of Dollars in Counterfeiting: Brand Protection with Blockchain

All Things Supply Chain

The counterfeiting merchandise market has boomed over the last few years.

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How to become an AI+ enterprise

IBM Supply Chain Blog

We have all been witnessing the transformative power of generative artificial intelligence (AI), with the promise to reshape all aspects of human society and commerce while companies simultaneously grapple with acute business imperatives. In 2024, companies confront significant disruption, requiring them to redefine labor productivity to prevent unrealized revenue, safeguard the software supply chain from attacks, and embed sustainability into operations to maintain competitiveness.

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Four Strategies for Enhancing Supply Chain Readiness and Resiliency

Supply Chain Brain

Optimizing supply chain readiness and resilience will remain a top priority for the automotive industry in the coming year, as executives manage the convergence of political, economic and environmental risks.

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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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The Dawn of AI in Procurement: Unleashing a New Era of Efficiency and Insight

SCMR (Supply Chain Management Review)

The promise of faster transactions, lower costs, and widespread executive buy-in are driving AI-powered procurement to deliver new efficiencies and insights.

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Walmart sells intermodal assets to JB Hunt

Supply Chain Dive

One expert told Trucking Dive the retailer likely assessed it was better off eliminating its private intermodal fleet after reviewing operating costs.

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Smaller suppliers’ finances have deteriorated since pre-pandemic

Supply Chain Dive

Large buyers have been pressuring suppliers, dragging down smaller, private firms’ operational efficiency, according to RapidRatings analysis.

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Sievo: Vendor Analysis (Part 2) — Analytics solution: strengths and weaknesses, user considerations

Spend Matters

Part 2 of this Spend Matters Vendor Analysis focuses on the strengths and weaknesses of Sievo’s procurement analytics solution. It also suggests elements to consider when looking at Sievo as a potential solution provider. Part 1 of the series provides a history and overview of Sievo’s analytics solution and a company-level SWOT analysis and profiles of competitors.

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Scope 3 will be a focus for large companies regardless of SEC rule outcome, KPMG says

Supply Chain Dive

Large companies will still need to track scope 3 emissions as part of California and European Union requirements, analysts said.

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Navigating Transportation Management Procurement in 2024

Supply Chain Brain

Currently, it’s a shipper’s market. The quantity of freight in circulation is low, providing shippers with leverage. Transport companies are dropping rates to attract business.

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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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Sievo: Vendor Analysis (Part 3) — Analytics solution details and analyst summary

Spend Matters

Part 3 of this Spend Matters Vendor Analysis focuses on a deeper overview of Sievo’s analytics offering, with a detailed look at each of its modules. It concludes with an analyst summary. Part 1 focuses on company background and general capabilities and gives a SWOT analysis and a look at its competitors. Part 2 looks at the solution’s strengths and weaknesses and offers user considerations.

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A New Model for Retailer-Supplier Collaboration

SCMR (Supply Chain Management Review)

Leveraging a profound truth and the power of silence to improve collaboration and supply chain performance.

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Construction supply chain headaches persist 4 years into pandemic

Supply Chain Dive

As the fourth anniversary of COVID-19’s arrival in the U.S. nears, contractors are still dealing with challenges around materials pricing and availability.

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William Ury’s Possible: How We Survive (and Thrive) in an Age of Conflict 

Negotiations Ninja

William Ury is a long-time student of the art of negotiation and mediation. He originally got a Ph.D. in Anthropology but decided to apply it to something practical: Negotiation. He helped found the program on negotiation at Harvard Law School. He’s always loved reflecting on what leads to negotiation successes and failures.

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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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394: Be Agile, Decrease Costs, and Improve Supply Chain Accuracy, with Osa Commerce

Let's Talk Supply Chain

  Today I’m joined by Osa Commerce , an innovative technology company that is on a mission to tackle data chaos. Osa specializes in connecting, unifying, and automating commerce operations for retailers, logistics providers, and their customers. With their advanced AI-powered Collaborative Visibility Platform and intelligent decision-making capabilities, Osa power supply chains to sell wherever their customers are, so they can focus on scalable growth – and be one step ahead.

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Retail Supply Chain & Logistics Expo Returns to Las Vegas in Early May 2024

Supply Chain Brain

The 2024 show is an anticipated event for many, after the success of 2023, demonstrating it to be one of the leading retail focused supply chain and logistics events.

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O’Reilly invests in larger distribution centers

Supply Chain Dive

The auto parts company is relocating two facilities and is building a site in Virginia to up capacity and service capabilities.

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Supply constraints? Demand-shaping revisited

SCMR (Supply Chain Management Review)

Supply chain managers working with sales and marketing can ensure products in demand match with available supply to maximize profits.

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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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JetBlue and Spirit Airlines Merger Abandoned After Block by Judge

Supply Chain Brain

A successful deal would have created the fifth-largest carrier in the United States and helped Spirit ensure its survival.

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APQC Infographic: Preparedness in 2024

SCMR (Supply Chain Management Review)

The infographic below shows how organizations performed on their business goals in 2023, as well as areas of focus for 2024.

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Boeing, Spirit AeroSystems Audit Finds ‘Multiple’ Quality Lapses, FAA Says

Supply Chain Brain

The shortfalls were found at both Boeing and Spirit AeroSystems Holdings Inc., which makes most of the 737’s fuselage.

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Are you good or great?

SCMR (Supply Chain Management Review)

Boeing is providing a real-time case study on why supply chain diligence is vital to the health of your organization.

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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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Wayfair plans consolidated delivery option to lower costs

Supply Chain Dive

Consumers receiving multiple items at the same time can boost efficiency and attract more sales, the company's CEO said.

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Driving supply chain flexibility in an uncertain and volatile world

SCMR (Supply Chain Management Review)

The SC-Flexibility Drivers Matrix creates a roadmap to creating the versatility modern supply chains require.

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Imports Surge Under U.S. Trade ‘Loophole’ Surge

Supply Chain Brain

The customs loophole has allowed e-commerce giants Temu and Shein to flood the country with cheap imports.

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From Apprentice to Pro: AI’s workforce promotion awaits

SCMR (Supply Chain Management Review)

Artificial intelligence is infiltrating the workplace in ways far beyond managing a robot workforce.

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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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Magnus Mondays: Direct Materials P2P — Is That a Thing?

CPO Rising

Today I’m wrapping up our mini-series on direct materials and what differentiates it from indirect by looking at the transactional side — also known as procure to pay (P2P).

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Navigating unchartered waters for competitive advantage

SCMR (Supply Chain Management Review)

Strategies for weaponizing supply chain/network management capabilities in uncertain times.

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Parcel carrier ADL Final Mile boosts Florida presence via acquisition

Supply Chain Dive

The purchase of Sonic Transportation and Logistics comes as ADL eyes more deals to fuel its growth.

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Preparing for 2024 supply chain challenges and priorities

SCMR (Supply Chain Management Review)

Organizations are prioritizing preparedness against ongoing uncertainty.

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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.