Thu.Dec 05, 2024

article thumbnail

5 Ways Predictive Procurement Is Transforming High-Tech Manufacturing

Arkestro

Resources / Blog / 5 Ways Predictive Procurement Is Transforming High-Tech Manufacturing 5 Ways Predictive Procurement Is Transforming High-Tech Manufacturing Historically, technological advancements have powered the major evolutions in manufacturing, starting with the steam-powered industrial revolution of the late 18th century, followed in the early 20th century by electricity-powered mass production, and then the advent of computers in the 1970s.

article thumbnail

Navigating the Future of Supply Chains: Insights & Procurement

Jaggaer

Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supply chains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority. The drivers behind this focus are clear: global disruptions like the COVID-19 pandemic, geopolitical instability, and ongoing conflicts have exposed vulnerabilities in sup

professionals

Sign Up for our Newsletter

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

article thumbnail

How retailers prepped their supply chains for 2024’s holiday crunch

Supply Chain Dive

Companies adjusted inventory and marketing strategies to accommodate the shorter Black Friday to Christmas timeframe.

article thumbnail

Cultural Adaptability and Soft Skills: A New Era in Procurement with Canberk Incekara – Episode 104

Procurement Talk with David Byrne

Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary In this episode, Martin Smith interviews Canberk Incekara, Head of Indirect Procurement at OCS. Canberk shares his extensive experience in procurement and supply chains, discussing the evolution of the industry, the importance of understanding the end-to-end value chain, and the challenges of … Continued The post Cultural Adaptability and Soft Skills: A New Era in Procurement with Canberk Incekara – Episode 104 appea

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

FedEx plans North Carolina layoffs in Network 2.0 rollout

Supply Chain Dive

The delivery giant is closing one ship center and trimming its workforce at another, impacting 341 employees.

article thumbnail

ESG Compliance: How Product Sourcing Agents Navigate New Standards

Procurement Freelancers

Sustainable business standards continue to transform global commerce at an unprecedented pace. Company executives are… The post ESG Compliance: How Product Sourcing Agents Navigate New Standards first appeared on Procurement Blog | Procurement & Supply Chain News.

More Trending

article thumbnail

Cargill cuts 5% of global workforce after profits decline

Supply Chain Dive

The move, which will affect approximately 8,000 jobs, comes as the world's largest private company plans to streamline operations in the face of lower crop prices and challenges in beef.

Price 96
article thumbnail

WEBINAR RECORDING | Negotiating in the digital age: how to leverage procurement technology for negotiation success

Positive Purchasing

Transforming Negotiations with Procurement Technology In our latest webinar, we explored how procurement technology is revolutionizing negotiations. Traditionally reliant on face-to-face interactions and personal influence, the negotiation process is evolving in the digital age, driven by AI, data analytics, and online platforms. The question remains: what role will humans play in this tech-driven future?

article thumbnail

Why Digital Transformation Matters for the Midsize Market

Barkers Procurement

Barkers’ Digital Procurement is a multi-award winning team of procurement, commercial and technology practitioners who help business accelerate their procurement and finance transformations through class-leading technology. Find Out More The post Why Digital Transformation Matters for the Midsize Market appeared first on Barkers.

article thumbnail

ESG goals are a risk management necessity — An interview with Peter Smith

Spend Matters

The coronavirus pandemic and recent weather catastrophes have made the case for most types of risk management and what one can do to mitigate the risk more obvious. If you do not have accurate information and alternatives of supply in place, the fallout from a sudden flood will drown you. In ESG-related issues, and in the case of forced labor in particular, the discussion around the risks these pose is more nebulous.

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

P2P Integrations – Why They Shouldn’t Be Overlooked

Barkers Procurement

Barkers’ Digital Procurement is a multi-award winning team of procurement, commercial and technology practitioners who help business accelerate their procurement and finance transformations through class-leading technology. Find Out More The post P2P Integrations – Why They Shouldn’t Be Overlooked appeared first on Barkers.

article thumbnail

Inventory Life Cycle: Your Guide to Master Inventory Management

SCMDOJO

Leveling up your inventory life cycle can be crucial, but keeping all the fundamental factors jumping is essential to let the life cycle evolve. However, if the life cycle stock is healthy, inventory management is smooth. Inventory management revolves around the pivotal concept of the product life cycle. From the inventory evaluation to its destination, there are multiple stages through which the inventory moves, and all those stages are said to be the inventory life cycle.

article thumbnail

Do’s and Don’ts for P2P Success

Barkers Procurement

Barkers’ Digital Procurement is a multi-award winning team of procurement, commercial and technology practitioners who help business accelerate their procurement and finance transformations through class-leading technology. Find Out More The post Do’s and Don’ts for P2P Success appeared first on Barkers.

article thumbnail

438: Women In Supply Chain, Maria Madrigal

Let's Talk Supply Chain

  In today’s episode of Women in Supply Chain, I’m joined by award-winning industry leader Maria Madrigal. Maria is a results-driven supply chain leader and mentor with over 24 years’ experience driving operational excellence. As Director of Operations at WSI, Maria spearheads multiple warehouse operations, fostering a culture of collaboration and performance.

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

Tips for Preparing for a P2P Implementation

Barkers Procurement

Barkers’ Digital Procurement is a multi-award winning team of procurement, commercial and technology practitioners who help business accelerate their procurement and finance transformations through class-leading technology. Find Out More The post Tips for Preparing for a P2P Implementation appeared first on Barkers.

article thumbnail

People And ProcureTech: The Complexity Behind Simplicity

Procurement Insights

“The complexity behind simplicity is a paradoxical but fundamental truth: achieving simplicity requires profound effort, thought, and mastery. Simplicity is not the absence of complexity but the result of understanding, organizing, and refining it to make it invisible to the user. This principle applies to design, communication, leadership, and countless other fields, underscoring its universal importance.” (Source: ChatGPT) I agree with the above statement regarding the complexity b

article thumbnail

Sunbelt Rentals – P2P Implementation

Barkers Procurement

Sunbelt Rentals are the leading asset rental company in the UK, owned by the Ashtead Group, operating in the UK, Canada and the US. After a period of significant growth in recent years, Sunbelt had begun to experience a variety of operational challenges in support of their new footprint and scale, including how best to manage its highly complex supply-chain.

article thumbnail

Agree Or Disagree: Technology Is Irrelevant To ProcureTech Implmentation Success

Procurement Insights

EDITOR’S NOTE: the following is my reply to a comment regarding technology being either a “game-changer or Sci-fi.” Subash Chandar , which brings us back to John Elkington ‘s “Triple Bottom Line,” – [link]. If you don’t understand conflicts like the one you correctly describe, success will be elusive. That is why using an agent-based development and implementation model is critical to success, rather than continuing to use the tech-led equation-bas

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

Dick’s Sporting Goods to dust off tariff playbook from first Trump presidency

Supply Chain Dive

The sports retailer's CFO said the company is well-positioned thanks in part to reduced exposure to China.

114
114
article thumbnail

Best Buy CEO Warns Trump Tariffs Will Hike Prices

Supply Chain Brain

According to data from the U.S. International Trade Commission, nearly 25% of U.S. electronics imports came from China in 2023, the most of any country.

Price 98
article thumbnail

How To Manage Product Life Cycle: A Comprehensive Guide

SCMDOJO

To manage a product’s life cycle, one must focus intensely on the four major stages. However, before proceeding to those stages, one should know the product’s life Cycle. The life Cycle is a series of stages a product goes through from its inception to its eventual demise. The Four Stages of the Product Life Cycle Introduction: Inventory products are usually on-demand products that make their demand once launched.