Tue.Apr 25, 2023

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Sustainable Procurement Fair Operating Practices

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Procurement Fair Operating Practices Sustainable procurement fair operating practices allow companies to give their employees a safe working environment. However, how can companies foster safe and suitable working in their sustainable procurement processes?

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Aker BP Goes Live with Ivalua to Digitalize Source-to-Contract (S2C) and Supplier Management

ivalua

Redwood City, CA, 25 April, 2023. Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and Risk Management (SRM) solutions to streamline its direct and indirect procurement operations. Aker BP explores for and produces oil and gas, and is the second-largest operator on the Norwegian continental shelf.

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UPS fights to keep strike-fearing shippers from fleeing

Supply Chain Dive

The delivery giant has assigned executives to major customers to keep them from shifting volume to competitors amid Teamsters contract negotiations, CEO Carol Tomé said.

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How nearshoring is shaping investment decisions

SCMR (Supply Chain Management Review)

With no sign of slowing, the trend to reshore or nearshore sourcing and production is shifting investment decisions in warehousing, logistics and manufacturing.

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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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Time-Poor in Procurement

Una

Pain Points in Procurement Series Why Professionals are Always Time-Poor in Procurement Stop struggling with being time-poor in procurement and pave the way for bigger projects, more strategic thinking, and better innovation. By Hugo Britt | April 25, 2023 Search Welcome to Una’s Pain Points in Procurement series. Each week, the Una team will explore one of ten common pain points impacting procurement today, and put forth actionable solutions to each of these challenges.

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4 steps to improving your ESG risk management to increase financial performance

IBM Supply Chain Blog

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. A 2023 IBM IBV study showed that organizations that are seen as ESG leaders are 43% more likely to outperform their peers on profitability. However, 57% of CEOs admit that defining and measuring the Return on Investment (ROI) and economic benefits of their sustainability efforts remain a significant challenge.

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Global supply chain health: Decoding the value of supply chain indices

SCMR (Supply Chain Management Review)

Supply chain indexes tell different stories based on the data they collect, but looking at them collectively can provide a more accurate assessment.

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CN teams with UP and Ferromex on cross-border intermodal service

Supply Chain Dive

The service, called Falcon Premium, comes a little more than a week after Canadian Pacific and Kansas City Southern officially combined into CPKC.

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Airbus, Safran Warn Supply-Chain Snarls Will Drag Into 2024

Supply Chain Brain

The component shortages have forced Airbus to slow an ambitious output increase for the cash-cow A320. Sanctions tied to Russia’s invasion of Ukraine have also made it harder for Airbus and Boeing, too.

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Nissan taps project44 for shipment visibility

Supply Chain Dive

The automaker will use the tech vendor's platform to track shipments across transportation modes.

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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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Why optimize your warehouse with a data lakehouse strategy

IBM Supply Chain Blog

In a prior blog , we pointed out that warehouses, known for high-performance data processing for business intelligence, can quickly become expensive for new data and evolving workloads. We also made the case that query and reporting, provided by big data engines such as Presto, need to work with the Spark infrastructure framework to support advanced analytics and complex enterprise data decision-making.

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Bankrupt Bed Bath & Beyond looks to pay up to $17M to vendors

Supply Chain Dive

The retailer still needs the support of its suppliers and logistics providers even as it winds down its business.

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Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement

Arkestro

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs.

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U.S. Navy Chooses Interos to Develop Supply Chain Risk Management Platform

Supply Chain Brain

Interos will be integrated into the Navy’s Program Executive Office Integrated Warfare Systems organization, providing preemptive responses to identify, assess and reduce supply chain risks.

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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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Digital Procurement in SMEs and Emerging Markets

Procurement Software

This blog post is based on a video interview I gave about digital procurement back in January in Dubai with Dr. Muddassir Ahmed of SCMDOJO. He’s a friend of the site, who’s also featured on an episode of The Procuretech Podcast. Why procurement technology’s growth is not with enterprise suites Procurement technology is no longer the sole preserve of large enterprises.

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South Korea Reinstates Japan on List of Countries That Receive Preferential Trade Treatment

Supply Chain Brain

The country’s capital plans on further restricting technological and industrial exports to Russia and Belarus as a show of support for the United States' pressure campaign against Moscow.

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Now Is the Time to Rethink Your Procurement Operating Model

Art of Procurement

Procurement is always adjusting how they operate and align with the business to ensure that they are positioned to satisfy. The post Now Is the Time to Rethink Your Procurement Operating Model appeared first on Art of Procurement.

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Labor Complaint Claims Ikea, Amazon and Tom Tailor Lack Supply Chain Safety Checks

Supply Chain Brain

The complaint argued the companies issued a “lack of inspections” while also claiming the businesses violated labor rights, including the "lack of freedom of association.

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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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3M to restructure, lay off 6,000 worldwide

Supply Chain Dive

The news follows the 2,500 jobs the company cut in January.

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UPS Revenue at Low End of Estimates as Retail Sales Slow

Supply Chain Brain

The courier faces the possibility of a union strike of its 330,000 workers as the company negotiates to replace a five-year labor contract that expires on July 31.

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Restart: The business of warehousing in North America in the post-pandemic era

SCMR (Supply Chain Management Review)

Growth was much stronger by several measures in 2022.

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Watch: New Product: CB18 From Bastian Solutions

Supply Chain Brain

Michael Marcum, general manager of autonomous vehicles at Bastian Solutions , discusses the launch of the company's new automated guided forklift.

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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?