Wed.Apr 24, 2024

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Emerging Trends in Logistics Training: Preparing for Tomorrow’s Challenges

All Things Supply Chain

Navigating the ever-evolving landscape of logistics requires a keen understanding of emerging trends.

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Reinventing Defensive Supply Chain Risk With AI

Supply Chain Brain

Moving from risk-reduction mode (defense) to opportunity-creation mode (offense) requires a mindset change and more advanced processes, technologies and talent.

Risk 111
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Port of Baltimore preps new alternate channel for larger vessel traffic

Supply Chain Dive

The limited access channel could help draw more commercial activity back to the port after the collapse of the Francis Scott Key Bridge.

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Coupa Inspire 2024: New product announcements centered around ‘Margin Multiplier’ theme

Spend Matters

Spend Matters analysts attended Coupa Inspire Americas 2024 in Las Vegas, the company’s 11th annual Inspire conference and its largest to date. In their first dispatch our analysts cover Coupa CEO Leagh Turner’s opening speech, which touched on Coupa’s five initiatives to bridge the customer “margin erosion zone:” assisting customers with growth, efficiency, productivity, resiliency and sustainability.

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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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GLS US launches direct delivery to and from Europe

Supply Chain Dive

The carrier integrated its services with its parent's European network, which could help it stand out among FedEx and UPS alternatives.

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Daato: Vendor Analysis — ESG compliance solution overview, competitors, user considerations, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis, we give an overview of Daato, an ESG compliance solution built to address the challenges companies face with complying to different reporting frameworks. The regulatory landscape that procurement professionals have to navigate is constantly changing. New regulations are frequently being introduced, especially regarding sustainability.

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Watch: Challenges in Today’s Supply Chains — and How Technology Can Help

Supply Chain Brain

Technology, including AI, offers help with almost all challenges in today's supply chains. But it's important to separate hype from reality, says Amin Sikander, president of Synkrato.

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Data privacy examples

IBM Supply Chain Blog

An online retailer always gets users’ explicit consent before sharing customer data with its partners. A navigation app anonymizes activity data before analyzing it for travel trends. A school asks parents to verify their identities before giving out student information. These are just some examples of how organizations support data privacy , the principle that people should have control of their personal data, including who can see it, who can collect it, and how it can be used.

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Four Ways to Reduce Your Scope 3 Emissions From Within

Supply Chain Brain

While the effort may be more challenging than Scope 1 and 2 reporting, there are many things a company can do to reduce Scope 3 carbon emissions.

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White House earmarks $1.5B in push for freight decarbonization

Supply Chain Dive

Federal funds will support the electrification of ports and electric truck charging infrastructure, among other projects.

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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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Gartner Warns 'Real Risk' Supply Chain Leaders Could Misuse GenAI

Supply Chain Brain

Gartner's report warns that a focus on using GenAI to cut down on labor costs could alienate supply chain workers.

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Lowe’s taps DoorDash for on-demand deliveries

Supply Chain Dive

The partnership marks DoorDash’s entry into the home improvement category as the company grows its roster of retailers.

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European Parliament Approves Human Rights 'Due Diligence' Directive

Supply Chain Brain

The law requires select EU companies to mitigate against business practices like forced labor, pollution, and various other human rights abuses.

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Key Trends and Themes for Supply Chain and Logistics in 2024

SCMDOJO

In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. And we know that numbers don’t lie. According to industry reports, over half of business leaders acknowledge the need for supply chain improvements, with 52% believing they could enhance their operations.

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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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Battery Recycling Shatters the Myth of Electric-Vehicle Waste

Supply Chain Brain

The latest advances in battery recycling, including by leading U.S. battery recycler Redwood Materials, are shrinking EVs’ footprint.

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The Benefits of Cashless Procurement Systems

NLPA (Next Level Purchasing Association)

The global supply chain is undergoing a metamorphosis. Traditional methods are struggling to keep pace with the complexity and dynamism of modern commerce. In this evolving landscape, cashless procurement systems are emerging as a powerful tool for businesses to streamline operations, enhance transparency, and gain a competitive edge. A Procurement Revolution: Embracing Cashless Systems At its core, a cashless procurement system eliminates the use of physical cash in the procurement process.

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Boeing Posts $355M Loss in First Quarter of 2024

Supply Chain Brain

The planemaker saw revenue fall 8% year-over-year in Q1, in what CEO David Calhoun called a "tough moment" in a letter to employees.

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The Pivotal Role of Early Procurement Involvement: A Sage’s Guide

World of Procurement blog

In the intricate tapestry of the procurement process, early engagement is not merely a step but a fundamental strategy that can significantly shape the outcome. The role of procurement has evolved from transactional to strategic, signaling a transformative shift in its impact on business success. As we traverse this path of enlightenment together, let us delve into why early procurement involvement is vital, the challenges of late engagement, and the pioneering solutions that are shaping the fut

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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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NRF Urges Congress to Pass Legislation to Fight Organized Retail Crime

Supply Chain Brain

The NRF argues a federal response to organized retail crime is critical, as law enforcement agencies across jurisdictions often lack sufficient resources to quickly catch and prosecute retail criminals.

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The Critical Role of a Statement of Work in Procurement

World of Procurement blog

Within the professional milieu of procurement, the Statement of Work (SOW) is not just a document, but a foundational pillar for project success and accountability. Mastering the SOW is akin to a sculptor learning to chisel marble—without this skill, the end result may disappoint. Hence, we delve into the intricacies of the SOW, understanding that this instrument can be the linchpin in either fortifying or undermining your business outcomes.

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Who is responsible for the success of procurement’s digital AI transformation?

Procurement Insights

“ Gartner states that 85% of AI projects fail due to unclear objectives and obscure R&D project management processes. Also, 87% of R&D projects never get to the production phase, while 70% of clients indicated minimal or even no impact from AI. Nov 6, 2023” – Neurons Lab Should analyst performance be assessed by the successful implementations of the providers they list in their Dynamic Analyst Solution Map?

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"Why Supply Chain Sustainability Matters and How to Improve It"

World of Procurement blog

As businesses increasingly recognize the importance of sustainability and the role they play in environmental and social issues, the focus is turning to the supply chain. A company's supply chain encompasses the entire network of suppliers, manufacturers, distributors, and other partners involved in the production, distribution, and disposal of products and services.

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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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Biden Administration Raises Salary Threshold for Overtime Pay

Supply Chain Brain

Starting on July 1, the threshold will increase from $35,568 to $43,888, and then again to $58,656 on January 1, 2025.

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How to Create a Procurement Policy

World of Procurement blog

In the vast and vibrant landscape of procurement, a robust policy does not merely serve as a guideline—it is the bedrock upon which successful procurement practices are built. With a blend of wisdom, insight, and foresight, let us delve into the critical endeavor of creating a procurement policy that not only sets the standard but elevates your procurement processes to new heights.

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Navigating the Procurement Business Processes: A Comprehensive Guide

World of Procurement blog

Welcome, esteemed colleagues and burgeoning professionals, to another elucidative exploration in the world of procurement. Today, we voyage through the intricate web of procurement business processes. Delve into this rich tapestry with us, as we unravel the complexities and illuminate the path to procurement excellence. Understanding the Procurement Process At its core, the procurement process is a strategic axis around which the efficiency, effectiveness, and ethical standards of a business rev

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Top 15 Procurement Certifications you should know about

World of Procurement blog

In the dynamic and ever-evolving world of procurement and supply chain management, staying at the forefront of professional development is not just advantageous – it’s imperative. For those committed to this challenging and rewarding field, acquiring the right certifications can significantly boost your expertise, credibility, and career prospects. Today, we delve into the top 15 procurement certifications that stand as beacons of knowledge, skill, and proficiency in the industry, with a particu

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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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Mastering the RFQ: A Strategic Guide for Procurement Success

World of Procurement blog

In the orchestra of procurement processes, each instrument plays a vital role in achieving the symphony of successful procurement outcomes. Today, we delve into the Request for Quotation (RFQ), a critical piece in this ensemble, elucidating its nuances and how it harmonizes with the broader procurement strategy. With World of Procurement as your conductor, let us enrich your repertoire with the knowledge and insights needed to master the RFQ process.

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The Art and Science of Buying Versus Procurement: Navigating the Nuances

World of Procurement blog

In the kaleidoscopic world of procurement, understanding the nuances between buying and procurement stands as a beacon of insight for professionals aiming to master the craft. Both realms encapsulate crucial aspects of acquisition strategies but diverge in scope, complexity, and approach. Let’s embark on an enlightening journey to demystify these concepts, unfolding their key differences, similarities, and the quintessential skills and best practices that define them.

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Unveiling the Strategic Tool in Procurement: The RFI

World of Procurement blog

In the ever-evolving landscape of procurement, the ability to gather insightful information, understand market capabilities, and forge synergistic relationships with suppliers is paramount. This is where the Request for Information (RFI) emerges as a pivotal instrument for procurement professionals. At World of Procurement, we stand as your sage guide, unraveling the RFI’s utility and best practices to empower your procurement journey.