Mon.Jul 17, 2023

article thumbnail

Choosing a Contract Management Tool

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Choosing a Contract Management Tool Choosing a contract management tool is crucial for your business as you need to select what suits your company the best. However, what are the factors that you need to consider when choosing one?

article thumbnail

How the U.S. and EU Hope to Loosen Asia’s Grip on the Global Semiconductor Market

Supply Chain Brain

The U.S. and Europe will need to stimulate more innovation and reward manufacturers if they hope to loosen Asia's grip on the global semiconductor market.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

General Mills adds warehouse automation to streamline supply chain

Supply Chain Dive

The company implemented warehouse automation in four locations and has "other projects in the works,” a spokesperson said.

article thumbnail

Blue Burro Technology (DraftOnce solution): Vendor Analysis — Procurement document drafting solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of DraftOnce, a contract drafting solution by Blue Burro Technology. Unlike traditional contract lifecycle management (CLM) solutions, DraftOnce does not focus on the full contract lifecycle. Its sole purpose is document preparation (specifically procurement contracts). As it is not a full CLM solution, DraftOnce can complement existing CLM systems or, depending on an organization’s needs, replace them outright.

article thumbnail

Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.

article thumbnail

Canadian wildfires raised air pollution. Lumber prices could be next.

Supply Chain Dive

Historic fires are blazing through the provinces of Alberta and Quebec, dealing a blow to the country’s softwood lumber production.

Price 98
article thumbnail

Watch: Safety and Trust: The Evolution of the Railroad Industry

Supply Chain Brain

Around 94% of hazardous material spills are due to trucking, and just 4% to rail, says Joseph R. Hinrichs, president & chief executive officer of CSX.

98

More Trending

article thumbnail

Riding the Wave: Strategies for Building Resiliency Amid El Niño

Supply Chain Brain

Scientists predict an exceptionally intense El Niño pattern, reminiscent of the patterns observed in the early '80s and late '90s.

article thumbnail

Russia pulls out of Black Sea grain deal, threatening food prices

Supply Chain Dive

The U.N. is scrambling to save an agreement brokered at the start of the Ukraine war, seen as essential to addressing global food insecurity.

Price 98
article thumbnail

Japan and Saudi Arabia Expected to Agree on Rare-Earth Investment Deal

Supply Chain Brain

A deal is expected between Japan’s Ministry of Economy, Trade and Industry, the Japan Organization for Metals and Energy Security and Saudi Arabia’s Ministry of Industry and Mineral Resources.

98
article thumbnail

Wolfspeed signs $2B supply deal with Japan-based chipmaker

Supply Chain Dive

Under the 10-year agreement, Renesas Electronics will receive 150mm and 200mm silicon carbide wafers to power its semiconductors.

Supply 97
article thumbnail

How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

article thumbnail

Japan to Propose Global Natural Gas Reserve to Avoid Shortages

Supply Chain Brain

The Japanese government will suggest that the International Energy Agency create a gas stockpiling framework for its member nations.

98
article thumbnail

UNFI looks to improve demand planning and replenishment capabilities

Supply Chain Dive

The company will use Relex Solutions’ cloud-based procurement offering to establish a centralized, data-driven buying system.

article thumbnail

Russia Backs Out of Wartime Grain Deal with Ukraine

Supply Chain Brain

A spokesperson said Russia would be suspending the Black Sea Grain Initiative until the country’s demands to export its goods to the rest of the world are met.

Export 95
article thumbnail

Differentiating the ERP from the Data Project

SCMR (Supply Chain Management Review)

If you have committed to an ERP project, waiting to address the data portion of the project can lead to frustration and delays.

Data 69
article thumbnail

How Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform

Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.

article thumbnail

U.K. Joins CPTPP Indo-Pacific Trade Pact

Supply Chain Brain

The United Kingdom is the first European country to join the trade agreement and is projected to be the pact’s second-biggest economy behind only Japan.

95
article thumbnail

Exploring the AI and data capabilities of watsonx

IBM Supply Chain Blog

Successful implementation of artificial intelligence (AI) is contingent on an AI strategy that takes into account the following considerations: Open: It’s based on the best open technologies available Trusted : It’s responsible and governed Targeted: It’s designed for the enterprise and targeted for business domains Empowering : It’s designed for value creators, not just users Designed with these elements in mind, watsonx is a new AI and data platform that empowers enterp

Data 62
article thumbnail

The Benefits Of Hiring A Freelance Procurement Contract Manager

Procurement Freelancers

Organisations constantly seek ways to optimise their procurement processes in today’s competitive business landscape. One… The post The Benefits Of Hiring A Freelance Procurement Contract Manager first appeared on Procurement Blog | Procurement & Supply Chain News.

article thumbnail

Transforming customer service: How generative AI is changing the game

IBM Supply Chain Blog

Whether placing an order, requesting a product exchange or asking about a billing concern, today’s customer demands an exceptional experience that includes quick, thorough answers to their inquiries. They also expect service to be delivered 24/7 across multiple channels. While traditional AI approaches provide customers with quick service, they have their limitations.

Data 53
article thumbnail

A Roadmap For Modernization: How To Break Free From Your Monolith Before July 31, 2026

Speaker: Jason Cottrell and Gireesh Sahukar

Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.

article thumbnail

Demystifying Procurement Outsourcing Services: Insights for Business Leaders

Empowering CPO

Introduction The pivotal role of procurement in businesses cannot be overstated. It encompasses the intricate processes through which companies acquire the necessary goods and services to sustain and expand their operations. From sourcing raw materials to securing high-quality services, procurement directly influences a company’s efficiency, productivity, and financial performance.

article thumbnail

The Importance Of Sourcing Consultants For Business Growth

Procurement Freelancers

In today’s competitive business landscape, successful importation and business growth are crucial for staying ahead.… The post The Importance Of Sourcing Consultants For Business Growth first appeared on Procurement Blog | Procurement & Supply Chain News.

Import 52
article thumbnail

Why Supplier Evaluation Is Crucial To Your Business

Barkers Procurement

Supplier evaluation is the process of analysing potential suppliers and existing ones so that you have the best suppliers for your business. Choosing the right suppliers is essential; working with good suppliers can reward the business with an array of benefits, whereas choosing the wrong ones can damage it. Below we look at the many other reasons why it’s so vital to engage in a supplier evaluation process.

article thumbnail

[VIDEO] AI in Contract Lifecycle Management (CLM) – Part 2

Jaggaer

Watch this video to see how Tealbook and JAGGAER are partnering together to deliver AI-powered, automated supplier data.

article thumbnail

Procurement Is Navigating a Tech Tsunami (and It’s Upending How You Work)

Procurement is in the middle of a tech tsunami. And if it feels like the old playbooks aren’t working anymore, that’s because they aren’t. Agentic AI. Autonomous procurement. Unified source-to-pay ecosystems. These innovations are converging and transforming how procurement teams operate. The GEP 2025 Procurement & Supply Chain Tech Trends Report breaks it all down.

article thumbnail

Exploring the ROI of Managed Procurement Services

Empowering CPO

Introduction In an ever-evolving business environment, successful procurement operations are key to keeping organizations efficient, competitive, and profitable. But what happens when businesses lack the resources, expertise, or time to manage procurement effectively? This is where managed procurement services come into play. Managed procurement services , a game-changer in the industry, provide a comprehensive solution for businesses that need to improve their procurement operations.

article thumbnail

[VIDEO] Where Does AI Fit Within Source-to-Pay (S2P)? – Part 1

Jaggaer

Watch this video to see how Tealbook and JAGGAER are partnering together to deliver AI-powered, automated supplier data.

article thumbnail

Demystifying Managed Procurement Services: What Every Business Leader Should Know

Empowering CPO

Introduction Brief Explanation of the Role of Procurement in Businesses Procurement is the lifeblood of any business, large or small. It’s the complex process through which businesses source and acquire the goods and services they need to operate and grow. From securing raw materials to procuring top-tier services, these purchases directly impact a company’s efficiency, productivity, and bottom line.

article thumbnail

CPO Rising 2023: The CPO’s Agenda for 2023

CPO Rising

Today, we feature our ongoing coverage of this year’s 18th-annual CPO-themed report, where my team and I continue our nearly two-decade-long dialogue with chief procurement officers (CPOs) and other procurement leaders.

article thumbnail

State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

article thumbnail

Overcoming Procurement Challenges with Procurement Outsourcing Services

Empowering CPO

Introduction In today’s hyper-connected, fast-paced global economy, the procurement landscape is more complex and critical than ever before. Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye toward sustainability and social responsibility. In this environment, procurement is not just about purchasing anymore; it’s a strategic function that can significantly impact a company’s bottom line, reputation, and

article thumbnail

Overcoming Procurement Challenges with Managed Procurement Services

Empowering CPO

Introduction In today’s hyper-connected, fast-paced global economy, the procurement landscape is more complex and critical than ever before. Companies, regardless of size and industry, need to source goods and services efficiently, cost-effectively, and with an eye towards sustainability and social responsibility. In this environment, procurement is not just about purchasing anymore; it’s a strategic function that can significantly impact a company’s bottom line, reputation, an