Tue.Jul 11, 2023

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The Pros And Cons Of Outsourcing vs. In-House Sourcing

Procurement Freelancers

Outsourcing and in-house sourcing are two popular strategies businesses employ in their operations. While outsourcing… The post The Pros And Cons Of Outsourcing vs. In-House Sourcing first appeared on Procurement Blog | Procurement & Supply Chain News.

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CFO Dive: How predictive analytics can curb just-in-time inventory pitfalls

Arkestro

All Case Studies Whitepapers Webinars Videos Press Blog Featured News Dover Chemical Corporation Leverages Arkestro to Streamline Procurement, Increase Cost Efficiency read more Koch Engineered Solutions Achieves Procurement and Supply Chain Success with Arkestro read more In The News Grow CFO: How can CFOs Help Their Procurement Teams Avoid “Anchor Bias”?

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Deep Sea Mining Threatens $5.5bn Tuna Industry, Study Finds

Supply Chain Brain

The biomass of bigeye, skipjack and yellowfin tuna species will increase by an average of 21% by mid-century in the Clarion-Clipperton Zone, a region targeted for deep-sea mining.

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Bringing observability to business

IBM Supply Chain Blog

Applications are critical to the business. IT knows it, and the business knows it. Yet today, IT organizations lack visibility into the specific business processes those applications deliver and the context of how those processes are connected and impacted by the underlying container, cloud and infrastructure platforms they manage. Our customers have told us that it is imperative for SRE teams to have the tools they need to detect, identify and act on business operations incidents before they im

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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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Warehouse Automation: The Drivers, the Barriers, and the Trends for 2023

Supply Chain Brain

Warehouse decision-makers face some genuine hurdles in moving toward the widespread adoption of automation and robotics. But the benefits make it well worth the investment.

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Building trust in supply chains: Why humanity matters more than ever

SCMR (Supply Chain Management Review)

Employees who give their leaders high scores on humanity are 2.6 times more motivated to work, according to research from MHI and Deloitte.

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The benefits of AI in healthcare

IBM Supply Chain Blog

Artificial intelligence is used in healthcare for everything from answering patient questions to assisting with surgeries and developing new pharmaceuticals, benefitting both patients and healthcare systems. How does artificial intelligence benefit healthcare? According to Statista , the artificial intelligence (AI) healthcare market, valued at $11 billion in 2021, is projected to be worth $187 billion in 2030.

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PensionDanmark to Fund $1bn Green Investment at Port of Esbjerg

Supply Chain Brain

More than $855 million of the investment will go toward constructing offshore wind turbine production facilities, which will be completed by 2027.

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Finance and Procurement: How to Become Natural Allies

Procurement Software

Finance and Procurement are two functions which should, and must, work more closely together. The sad fact is that we often don’t seem to be natural allies. What’s more, we often end up having a fractious relationship with one another. So, with that in mind, I took to my collective hive mind that is my LinkedIn network and the following question why this is the case, and how we can improve it.

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Trade Associations Worried About the Canadian Ports Strike

Supply Chain Brain

For every day that the strike goes on, supply chains will need an additional three to five days to recover, the Railway Association of Canada estimates.

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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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Puma to boost transparency in leather supply chain by 2030

Supply Chain Dive

The Germany-based sportswear giant joined the Deforestation-Free Call to Action for Leather initiative, launched last month.

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United States Postal Service Launches New Shipping Offering

Supply Chain Brain

Through the new offering, companies will be able to ship parcels from coast-to-coast in the U.S. in as little as two to five business days.

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The Economy of Things: the next value lever for telcos

IBM Supply Chain Blog

Over the years, the Internet of Things (IoT) has evolved into something much greater: the Economy of Things (EoT). The number of connected things surpassed the number of connected humans for the first time in 2022. The number of IoT connected devices are growing in practically every industry, and is even predicted to reach 29 billion worldwide by 2030.

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Watch: Procurement's Key Role in Driving Business Strategy

Supply Chain Brain

Direct procurement needs to be involved in all of a company's business strategy decisions from the very beginning, says Georg Roesch, vice president of direct procurement strategy at Jaggaer.

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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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Analyst Eye on the growing use of Blockchain in procurement solutions

Spend Matters

Each week our analysts turn their eye to the procurement tech trends they are observing in the marketplace. This week we discuss the growing use of blockchain in procurement solutions. Blockchain has been a buzzword in and out of the media for years now. For most of that time, it was the sole purview of cryptocurrencies and finance institutions. Recently, however, it has found a receptive audience in the procurement space. “Blockchain and DeFi bring significant opportunities to procurement

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Blank sailings hit record low in pandemic era: Sea-Intelligence

Supply Chain Dive

The milestone is good news for shippers, who can take advantage of more freight capacity, according to the report.

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Training to procurement SaaS – Jonathan O’Brien from Positive Purchasing

The Procuretech Podcast

In this episode of the Procuretech Podcast, host James Meads is joined by a multiple published author, procurement training business owner and SaaS entrepreneur - Jonathan O'Brien, CEO of Positive Purchasing. Jonathan is here to talk about the big changes he's witnessed in the industry over the last 20 years, and to look forward to the future of digital procurement.

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Amazon deliveries made by Rivian EVs surge to 150M

Supply Chain Dive

The e-commerce giant has deployed over 5,000 custom Rivian EVs as it works to decarbonize its fleet.

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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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Dover Chemical Corporation Leverages Arkestro to Streamline Procurement, Increase Cost Efficiency

Arkestro

Resources / Press Releases / Dover Chemical Corporation Leverages Arkestro to Streamline Procurement, Increase Cost Efficiency Dover Chemical Corporation Leverages Arkestro to Streamline Procurement, Increase Cost Efficiency Predictive Procurement Orchestration Platform Drives 10 Percent Year-After-Year Procurement Savings For Leading Chemical Manufacturer SAN FRANCISCO, CA, July 11, 2023 – Arkestro , the leading Predictive Procurement Orchestration (PPO) platform, today announced that chemical

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DHL Express’ new Atlanta hub highlights speed, security

Supply Chain Dive

The 100,000-square-foot automated facility is equipped to sort up to 20,000 pieces per hour.

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Fraxion recognized in the Capterra Shortlist 2023 for Spend Management

Fraxion

We are delighted to announce that Fraxion has been recognized in the Capterra Shortlist for Spend Management software 2023. This acknowledgment is due to the ratings and reviews submitted by our valued customers and the unwavering dedication of our team in developing, deploying, and supporting Fraxion.

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Unveiling the Must-Have Soft Skills for Procurement Success

Una

5 Must-Have Soft Skills for Procurement Success Review five of the must-have soft skills for procurement that, if mastered, will supercharge your career and deliver professional success. By Hugo Britt | July 11, 2023 Search Search Here’s an open secret that every early-career professional should take on board: your hard skills will help you do your day-to-day job, but soft skills are the key to climbing to the heights of your procurement career.

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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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Boosting Your Career and Salary in Supply Chain Management

SCMDOJO

If you’re considering a career in supply chain management , you may be wondering about the potential salary you can expect. Understanding the average salaries in this field and how to increase your earning potential can help you make informed decisions about your career path. Watch this vlog to understand Why Supply Chain Management is a Great Career Choice.

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“It's trendy to say we're moving beyond savings”: Getting the procurement basics right at Marks & Spencer

Spotlight on Procurement

Andrew Newnham, Chief Procurement Officer at Marks & Spencer, discusses the challenges he faces in the current economic environment, as well as and the importance of negotiating, measuring savings, and understanding sourcing.

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Nike’s Consumer-First Approach to Marketing Procurement with Founder & Managing Director of Don’t Forget to Look, Stuart Dunk – Episode 79

Procurement Talk with David Byrne

Listen on Apple Podcasts Listen on Spotify Listen on Google Podcasts Listen on Amazon Episode show notes “Marketing, arguably more so than other categories, needs to be seen as an investment for growth, not a cost to be cut.” There’s a boldness that roles in Nike, Danone and Reckitt would give anyone, and Stuart … Continued The post Nike’s Consumer-First Approach to Marketing Procurement with Founder & Managing Director of Don’t Forget to Look, Stuart Dunk – Episode 79 appeared

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Surviving Economic Challenges: Procurement’s Role in Strategic Spend Management

Art of Procurement

There’s a savings pendulum that swings, and it tends to swing one way or another. During COVID, a lot of. The post Surviving Economic Challenges: Procurement’s Role in Strategic Spend Management appeared first on Art of Procurement.

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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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JAGGAER Annual ESG Report Highlights Customer Use Cases Enabling Best Practices

Jaggaer

JAGGAER's latest news on procurement & sourcing. Read now: JAGGAER Annual ESG Report Highlights Customer Use Cases Enabling Best Practices.

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Theo Chocolate restructures operations to tackle rising costs

Supply Chain Dive

The chocolate maker will shutter its Seattle manufacturing facility and merge with American Licorice Company.

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Db2 Warehouse delivers 4x faster query performance than previously, while cutting storage costs by 34x

IBM Supply Chain Blog

Data warehouses are a critical component of any organization’s technology ecosystem. They provide the backbone for a range of use cases such as business intelligence (BI) reporting, dashboarding, and machine-learning (ML)-based predictive analytics that enable faster decision making and insights. The next generation of IBM Db2 Warehouse brings a host of new capabilities that add cloud object storage support with advanced caching to deliver 4x faster query performance than previously, while