Thu.Jun 22, 2023

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Sales Order vs. Purchase Order – 8 Key Differences

Procurement Tactics

 Menu Course Library 1. Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes Access To All Unlimited access to all courses & templates Platform For Teams Procurement Tactics For Teams Where procurement teams build better skills, fas

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Chelsey Reynolds on Atomic Habits and Jumping into Supply Chain

Let's Talk Supply Chain

One of the major drivers of Women in Supply Chain is Let’s Talk Supply Chain’s commitment to supporting bridging the gender gap in the industry. And it isn’t just the right thing to do, it’s a smart investment for a business landscape hallmarked by uncertainty and yes, the more-than-occasional chaos. Research shows that having more Women in Supply Chain can empower more curiosity and agility —helping organizations meet and exceed business milestones with breakthrough performance.

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8 Key Procurement Trends For 2023

Procurement Freelancers

The effects of the COVID-19 epidemic are still being felt, and how. Despite these persistent… The post 8 Key Procurement Trends For 2023 first appeared on Procurement Blog | Procurement & Supply Chain News.

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Chamber of Commerce Welcomes Medical Supply Chain Resilience Act

Supply Chain Brain

The Medical Supply Chain Resiliency Act would allow the establishment of trusted trade partnerships to diversify the sourcing and procurement of medical devices as well as pharmaceuticals.

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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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Labor department asks how employers can create a culture of safety

Supply Chain Dive

The agency said it wants to hear how employers are trying to increase worker participation in safety programs, as well as steps they’re taking to reduce injuries and fatalities.

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ZIM American to Expand Headquarters in Virginia

Supply Chain Brain

Virginia was able to beat out several other states for the project which will create “several hundred jobs” over the next five years, according to Governor Glenn Youngkin.

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For Freight Brokers, Carrier Relationships Are More Important Than Ever

Supply Chain Brain

Double-brokering freight fraud is a major concern for shippers, carriers and logistics providers worldwide, costing the industry around $100 million per year.

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Supply chain: The intersection of ESG and the new customer

SCMR (Supply Chain Management Review)

No company can meet its ESG goals on its own. It needs the cooperation of its suppliers and partners. Supply chain leaders that adapt and thrive in the new landscape can go beyond risk mitigation to bring their organization a competitive advantage.

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Vizion Launches Intermodal Rail Tracking Tool

Supply Chain Brain

The new feature eliminates the need for a lengthy letter of authorization process as well as separate transactions for ocean and rail freight tracking.

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Stellantis forms semiconductor joint venture with Foxconn

Supply Chain Dive

SiliconAuto will supply chips for the next generation of the automaker’s software-based vehicle platforms starting in 2026.

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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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South Africa Plans $1.5bn Water Fund with Climate Finance

Supply Chain Brain

The Development Bank of Southern Africa has applied to the South Korea-based Green Climate Fund for $235 million, according to documentation on the fund’s website.

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Are contracts obscuring U.S. child labor in your supply chain?

Art of Procurement

Human rights concerns are at the top of the priority list for supply chain and procurement professionals. Among the most. The post Are contracts obscuring U.S. child labor in your supply chain? appeared first on Art of Procurement.

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How an Asset-Light Fulfillment Model Can Free up Cash Flow

Supply Chain Brain

Healthy cash flow is essential to establishing strong vendor relationships, seizing growth opportunities and maintaining financial stability.

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Dick’s bans forever chemicals in its clothing supply chain

Supply Chain Dive

The retailer's restriction on PFAS, which are unable break down in the environment, applies to all of its vendors and suppliers.

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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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Airbus Outsells Boeing as Focus Shifts from Buying to Building

Supply Chain Brain

North American and European carriers sat largely on the sidelines while Airbus raked in a record-setting deal for 500 narrowbody jets from low-cost carrier Indigo.

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Procurement has changed: These are the capabilities you need to evolve alongside it

Spend Matters

This content does not express the views or opinions of Spend Matters In the world of procurement, the only constant is change. However, over the last five years, organizations have faced more change than usual. Amongst a global pandemic, widespread geopolitical instability and an international shipping shortage, disruption has quickly evolved from the exception to the rule.

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Innovative Supply Chain Center Solution Launched in Illinois

Supply Chain Brain

The center will cater to the state’s SMMs and OEMs, providing them with the tools and services needed to strengthen their supply chains.

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Amazon reopening Seller Fulfilled Prime enrollment after extended pause

Supply Chain Dive

The company paused enrollment in the program due to challenges meeting customer expectations.

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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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Shein Eyes Overseas Expansion to Shift Supply Chain Beyond China

Supply Chain Brain

The company will launch an online marketplace in Mexico followed by rollouts in Germany, Spain, France and Italy during the third quarter of 2023.

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Walmart’s enhanced seafood policy sets new standards for tuna suppliers

Supply Chain Dive

More retailers are tightening regulations aimed at ensuring sustainability in the seafood they stock.

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Hog Herds to Shrink as U.S. Farms Lose Money, Smithfield Warns

Supply Chain Brain

American pig growers are losing as much as $80 a hog according to Shane Smith, the chief executive officer of Smithfield Foods.

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Depleted cattle herds push beef prices to near record levels

Supply Chain Dive

Prices could rise even further as meatpackers grapple with higher costs and compete for a dwindling supply of cattle.

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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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Podcast | AI, Automation and the Future of Work

Supply Chain Brain

Is artificial intelligence the technology that will finally make humans obsolete?

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Post Holdings sets first target for cutting Scope 3 emissions

Supply Chain Dive

The CPG company is looking to cut 30% from its climate footprint tied to sourced ingredients and packaging by 2030.

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Alcott Global Reveals the Nominees for the Leaders in Supply Chain Awards 2023

Supply Chain Brain

The latest supply-chain news, analysis, trends and tools for executives in the supply chain management industry.

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Taking an Advisory Approach to Procurement

Una

Taking an Advisory Approach to Procurement An inside look at how Una, the nation’s fastest growing group purchasing organization, works to take an advisory approach to procurement. By Mackenzie Oakley | June 22, 2023 Search Search When it comes to running a successful business, procurement is a crucial function that can make or break your bottom line.

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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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Watch: The Ever-Evolving Truckload Transportation Market

Supply Chain Brain

The truckload market never stands still. Chris Caplice, chief scientist with DAT Freight & Analytics , lays out the dynamics of a business that's constantly riding the ups and downs of supply and demand.

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[Pod] Procurement 6 – June 23rd, 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 [Pod] Procurement 6 – June 23rd, 2023 appeared first on Art of Procurement.

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Barkers win Spartan Award at Coupa Inspire 2023

Barkers Procurement

On Monday 19 June Barkers won the Partner Connect Spartan award at Coupa Software’s flagship business spend management event in London, Coupa Inspire 2023. The award recognises Barker’s commitment to excellence, innovation and success. Matthew Hardaker, Delivery Director at Barkers said “ We have worked extremely hard over the last eighteen months to develop our practice with a fantastic market proposition, a track record of delivery and client advocates, but most importantly, we have a team o

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How Spend Analysis Supports Supplier Diversity Initiatives

Empowering CPO

Introduction In an increasingly interconnected global economy, supplier diversity has emerged as a key strategy for companies seeking not only to foster social responsibility and inclusivity, but also to drive innovation, competitiveness, and market growth. Supplier diversity ensures a broad spectrum of suppliers, which includes businesses owned by minorities, women, veterans, and others, get a fair chance to bid for and secure contracts.

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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.