Tue.Jan 16, 2024

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How to Prevent Procurement Fraud With Analytics

Supply Chain Brain

Unmonitored supply chains, underlying inventory assets, a host of third parties, and frequent transactions make the manufacturing and retail industries a sweet spot for procurement and inventory fraud schemes.

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Join us at the forefront of AI for business: Think 2024

IBM Supply Chain Blog

You want to use AI to accelerate productivity and innovation for your business. You need to move beyond experimentation to scale. You have to move fast. Join us in Boston for Think 2024, a unique and engaging experience that will guide you on your AI for business journey, no matter where you are on the road. From building AI readiness with a thoughtful hybrid cloud approach, to scaling AI across core business functions and industry needs, to embedding AI into the heart of your enterprise strateg

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FedEx warns of delivery delays due to winter weather

Supply Chain Dive

The company's Express unit has activated contingency plans following "substantial disruptions" at a critical U.S. hub.

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Chevron Still Plans to Ship Cargo Along Red Sea Route, CEO Says

Supply Chain Brain

The California-based oil giant is working with naval authorities in the U.S. and Middle East to move its cargoes through the region, said CEO Mike Wirth.

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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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Ocean freight rates surge further as Red Sea crisis develops

Supply Chain Dive

Shipping experts warn that additional rate increases, capacity shortages and delays are on the way.

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Investors to Back Resolution Calling for Shell to Align with Paris Agreement

Supply Chain Brain

The resolution has already received support from Scottish Widows, Candriam and Rathbones Group, as well as the French asset management firm Amundi.

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Michelin to Pause Spanish Production Due to Red Sea Crisis

Supply Chain Brain

Michelin suspended shifts at Spanish plants during the weekend of January 13 due to raw material delivery delays that arrive by sea from Asia.

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Chocolate maker outsources packing operations after labor constraints

Supply Chain Dive

Rocky Mountain Chocolate Factory's mid-quarter transition was "difficult but critically needed" to help meet holiday demand, its CEO said.

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Stellantis Letting Go of Thousands of Italian, U.S. Workers

Supply Chain Brain

Stellantis will temporarily lay off 2,250 Italian workers after announcing plans to cut the jobs of 539 supplemental workers in the U.S.

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How to build a successful product development strategy

IBM Supply Chain Blog

To remain competitive in today’s relentlessly paced and ever-expanding marketplace, companies must think carefully about what products they’re developing and how they’re developing them, continuously iterating their processes to maintain a competitive edge. A finely tuned product development strategy is a holistic, cross-collaborative endeavor with the capacity to help any organization weather unforeseen events or market changes.

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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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New Year Insights for the procurement solutions and services marketplace 2024: Simfoni

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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Episode 148: Optimization of Procurement in the Automotive Industry with Robert ?a?kovi?

Una

EPISODE 148 Optimization of Procurement in the Automotive Industry with Robert Čačković By Kelly Barner | January 17, 2024 Procurement professionals often talk about how they ‘fell’ into the field without a plan. And while this means procurement has a diverse range of skill sets in their ranks, it does leave many teams without a solid educational foundation like what might be found in marketing or operations.

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Maximizing supply chain efficiency: The crucial role of payments in B2B marketplaces

Supply Chain Dive

While B2B marketplaces hold immense potential for optimizing supply chain dynamics, their success hinges on addressing the intricate nature of payments. The convergence of digital and traditional practices is key to unlocking the full potential of marketplaces.

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U.S.-bound imports are up in December and down for all of 2023, reports S&P Global

SCMR (Supply Chain Management Review)

December imports, at 2.2 million TEU (Twenty-Foot Equivalent Units), increased 9% in December, matching November’s annual percentage gain. For all of calendar year 2023, S&P reported that imports fell 8.5%, to 28.9 million TEU, while the fourth quarter posted an 8% annual improvement.

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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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Ryder opens fulfillment center for Lexmark

Supply Chain Dive

The 1 million-square-foot facility in Indiana will add new delivery capabilities for the imaging and technology company.

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Strategies for Building Knowledge in a Volatile World

Supply Chain Brain

There are strategies that leaders can employ to help themselves and their teams capitalize on the knowledge they need to tackle a world filled with uncertainty, complexity and ambiguity.

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Port Houston cargo volumes dip 15% YoY in November

Supply Chain Dive

Despite the drop, total containers processed increased significantly from pre-pandemic levels.

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Lead Generation: Definition, Strategies, KPIs

The Thomas Blog

Lead generation. Image Credit: Shutterstock.com/Funtap Finding and nurturing new consumers or clients is a key component of lead generation. It’s critical to any modern company. The whole goal is to guide mere prospects toward your products or services and make them more likely to buy. Leads come in many forms, and each reaches engagement stages and purchasing readiness at different times.

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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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Unlocking Value Creation: The Evolving Role of Procurement

NLPA (Next Level Purchasing Association)

In today’s competitive business landscape, maximizing value creation is no longer a privilege. It’s a necessity. Procurement, traditionally focused on cost reduction, is undergoing a transformation to become a strategic driver of value creation for organizations. The Expanding Definition of Value Creation in Procurement Historically, the value delivered by procurement was measured primarily by cost savings.

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Why we urgently need visionary Procurement Leaders

Procurement Software

Could more visionary procurement leaders be the cure for procurement teams not getting the recognition they deserve? We often don’t have the necessary organisational clout to orchestrate change. Is a lack of vision and creativity the culprit? This is a more editorial piece compared to what we typically publish. I desperately feel that there’s an urgent need to have this debate.

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How to Qualify an Inbound Lead: Process, Techniques, and Measuring Success

The Thomas Blog

Qualifying inbound leads is the most critical early step in the sales process. You can be sure that your sales team is focusing their efforts on leads with the highest potential for conversion. Every client-related action has a potential zero return, and this is made considerably more likely by poor qualification at initial or early engagement. Qualified leads.

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Retail Supply Chain & Logistics Expo to Take Place in February 2024

Supply Chain Brain

Explore a range of cutting-edge solutions encompassing AI, machine learning, transportation management systems, advanced planning systems, data analysis, automation solutions and more. These innovations can transform a product's journey, enhancing its overall effectiveness.

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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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13 Strategic Methods for Small Business Lead Generation

The Thomas Blog

In the ever-growing and competitive landscape of small businesses, lead generation is vital to your sustainable growth. Effective lead generation enables small businesses to expand their reach and build robust, loyal customer bases. To effectively generate leads, however, it is essential to consider and employ strategic approaches that maximize results.

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When does a negotiation reach a conclusion, e.g., when is it really over?

Procurement Insights

I have been negotiating as either a buyer or a seller for most of my life. For example, I still can’t understand why, after considerable research and diligently outlining the many advantages in point form, my parents wouldn’t let me get a pet monkey when I was 10. That proves that sometimes, no matter how well-prepared you are, the other side of the table remains unreasonable.

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B2B Lead Generation Marketing: Definition, Strategies, and Benefits

The Thomas Blog

B2B lead generation. Image Credit: Shutterstock.com/Wright Studio There’s an important distinction between sales qualified leads (SQLs) and marketing qualified leads (MQLs) when it comes to B2B lead generation. Maximize your marketing effects by listing your organization in niche directories and building a strong SEO plan of action. In addition to cutting expenses, these strategies expand and generate sales prospects.

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Top financial services trends of 2024

IBM Supply Chain Blog

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. While high interest rates and inflation concerns are carrying over into the new year, financial services trends signal to prepare for major changes in real-time by staying up-to-date on all financial services-related matters, including in banking and capital

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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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Lead Follow-Up: System, Advantages, and Best Practices

The Thomas Blog

Leads are potential clients who interact with a brand through various channels, such as referrals, similar brand patronage, or an interest in your product or service. Effective follow-up on leads is crucial for converting them into paying customers. This article outlines what lead follow-up is, the systems used to do it, the reasons for conducting it, and the advantages involved.

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L&T Energy-Hydrocarbon Delivers Transformative Results

CPO Rising

The inaugural AP Honors Ceremony celebrated the accounts payable profession and recognized excellence in the field.

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CPO Crunch: Get involved, early

Procurement Leaders

Procurement Leaders’ CPO community will gather next Thursday to discuss the concept of early supplier involvement – a simple idea that formalises how key suppliers are involved early enough to contribute maximum value to a buying organisation’s strategic initiatives. Those procurement functions pursuing a deliberate supplier-enabled innovation programme will see the early involvement of suppliers as a positive thing.

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12 Lead Generation Marketing Strategies and Methods

The Thomas Blog

Lead generation. Image Credit: Shutterstock.com/Photon photo Lead generation is a crucial part of any successful marketing strategy. It is the process of recognizing and drawing in prospective clients who have shown interest in your product or service. These potential clients are called “leads,” and your task is to nurture them until they become paying customers.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.