Thu.Nov 02, 2023

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What is Procurement Sourcing?

ProcurePort

Procurement Sourcing Overview: Procurement sourcing is finding and choosing suppliers to get things an organization needs. It involves identifying, evaluating, negotiating, selecting, managing contracts, and maintaining supplier relationships. Importance and Strategies: Good procurement sourcing saves money, ensures quality, reduces risk, and allows for innovation.

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Coca-Cola’s Project Last Mile

Art of Procurement

“Coke is everywhere. In fact, when I travel to the developing world, Coke feels ubiquitous. […] If we can understand. The post Coca-Cola’s Project Last Mile appeared first on Art of Procurement.

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A Blind Spot in Shipping: The Unseen Environmental Cost

Supply Chain Brain

When consumers are informed about the carbon cost of shipping and the environmental impact of their choices, they are empowered to make decisions that align with their values.

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How cities may decarbonize delivery in the era of online orders

Supply Chain Dive

A new action guide by the National League of Cities points to emerging policies and technologies to combat increasing air pollution, greenhouse gas emissions and traffic congestion.

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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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Outlooks in Logistics Management: How to Create Resilient Supply Chains in 2023

Supply Chain Brain

To navigate the year ahead, firms should act now to build policies, implement processes, and partner with third-party experts to create sustainable supply chain logistics and improved data processes.

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Spend Matters Future 5 2023 – Why we chose Mithra.Ai

Spend Matters

Spend Matters is delighted to announce the 2023 roster for our ‘Future 5’ list. For the fifth year in a row, our analysts have highlighted five start-ups that excite them the most. This year, the five companies that have proven themselves as potential future trend setters are akirolabs, Calculum, dSilo, Mithra and ORO Labs. To warrant such attention, these vendors must have a product that is ideally 2 to 5 years old, is used by more than five customers and displays an innovative appl

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Boeing confirms cyberattack, global services disrupted

Supply Chain Dive

The incident is impacting elements of the aerospace and defense company's parts and distribution business, said a Boeing spokesperson.

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Watch: Creating Solutions for Logistics Providers

Supply Chain Brain

Carriers and logistics service providers face age-old and huge challenges; not just in North America, but across the globe, says Steven Sykora, go-to-market director, Robert Bosch North America.

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Shifting Strategies to Combat Rising Freight Costs

SCMR (Supply Chain Management Review)

An overreliance on mini-bids to keep freight costs down has become detrimental to the shipper/carrier relationship and fails to produce the expected cost savings.

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Panama Congress Backs Repealing First Quantum Mine Contract

Supply Chain Brain

Authorities in Panama are grappling to contain weeks of demonstrations against a renegotiated contract that President Laurentino Cortizo’s administration signed with First Quantum for the Cobre Panama mine.

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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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Spend Matters Future 5 2023 – Introducing Mithra

Spend Matters

The procurement technology market is evolving rapidly and deploying the latest power that innovation can bring to support the changing and challenging needs of its customers. In an ever-crowded space it’s hard for those who rely on these platforms and systems to keep ahead of the latest developments. For that reason, Spend Matters analysts make it their mission to scour the market to find those new solution providers that can fulfil a very specialist role to fulfill the procurement needs of toda

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Nippon Drops Lawsuit Against Toyota Over Japanese Competition Concerns

Supply Chain Brain

The Asian steelmaker said November 2 that internal disputes amongst Japanese companies would hurt the country during a time of market uncertainty and a shift toward carbon neutrality.

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Apple, Amazon, Nike and others back new push to decarbonize supply chains

Supply Chain Dive

The Clean Energy Procurement Academy uses the expertise of its founding members to help suppliers transition to renewable energy sources.

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Chevron Discussing 15-Year LNG Supply Contracts with Europe

Supply Chain Brain

European imports of super-chilled fuel grew after Russia paused pipeline gas exports following the country’s invasion of Ukraine in 2022.

Export 98
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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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10 to 20 gets you 2 to 3 to 5 - Revenue and Profitability

SCMR (Supply Chain Management Review)

This webinar will explore how to realize a 10-20% increase in demand forecast accuracy using advanced machine and deep learning techniques to smooth out traditional demand forecasting approaches.

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Cosco Sees Net Earnings Fall by 95% During Q3

Supply Chain Brain

Cosco still handled 60.06 million TEUs during the quarter, which was in line with the company’s performance during the same period in 2022.

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Survey: Lack of Talent a Hindrance to Technology Deployment

SCMR (Supply Chain Management Review)

It’s clear education and training must evolve to maintain pace with advancing technologies like AI, but getting a handle on what skills gaps exist within your organization can be a challenge.

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Podcast | How the Procurement Organization Acquired Superpowers

Supply Chain Brain

Today’s procurement organization is scarcely recognizable from what it used to be.

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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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The next frontiers of retailer as brand and supply chain

SCMR (Supply Chain Management Review)

Brand touchpoints now extend beyond the physical store, which means retailers must consider positioning themselves as a full-service provider offering retail sales, fulfillment, and delivery services.

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Procurement 6 – November 3rd, 2023

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 – November 3rd, 2023 appeared first on Art of Procurement.

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Get measurement right to solve supply chain’s toughest challenges

SCMR (Supply Chain Management Review)

If you don’t measure well, you’ll never measure up. But if you get the measurement right, you will be empowered to break away from the pack.

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Working With a GPO Makes You More Effective

Una

Working With a GPO Makes You More Effective in Your Role Explore how working with a GPO will not only make your job easier, but help elevate you to become truly great at your profession. By Hugo Britt | November 2, 2023 Search Search A “capo” is a small device that clamps onto the neck of a guitar to raise the pitch, allowing the guitarist to play a song in different keys with the same set of open-string chords.

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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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Yellen Calls for More Trade Between U.S. and LATAM to Lessen China’s Influence

Supply Chain Brain

During a recent speech, Yellen said that certain South American countries have “tremendous potential benefits for fueling growth in Latin America and the Caribbean.

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SAP Spend Connect – See the bigger picture

Spend Matters

SAP held its annual Spend Connect conference (previously known as SAP Ariba Live) in Vienna, Austria from October 9 to 11, where they graciously hosted the Spend Matters team to get the latest on product announcements and catch up with clients and SAP executives (you can catch the “best of” follow-up here ). The event illuminated both the firm’s strategic intents and tactical efforts (e.g., GenAI).

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The history of Kubernetes

IBM Supply Chain Blog

When it comes to modern IT infrastructure, the role of Kubernetes —the open-source container orchestration platform that automates the deployment, management and scaling of containerized software applications (apps) and services—can’t be underestimated. According to a Cloud Native Computing Foundation (CNCF) report (link resides outside ibm.com), Kubernetes is the second largest open-source project in the world after Linux and the primary container orchestration tool for 71% of

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Top 20 Verified Supply Chain Experts You Can Hire

SCMDOJO

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. It guarantees the smooth movement of commodities, services, and financial resources, enabling businesses to flourish in cutthroat markets. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains.

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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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Uncut & Unedited: SourceDay Co-Founder Steps From Behind The Company Logo

Procurement Insights

There are many different charts that assess service providers. The ones I used for this Titans 2023/24 series are as follows: Deloitte’s “A Range of Procurement Technology Solutions” Dr. Elouise Epstein’s “Spider Map” Spend Matters’ “50 To Watch 2023” Supplify’s “Supply Chain Tech Map” These are helpful programs in that you see the names and the positions of each player.

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