Tue.Aug 08, 2023

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Analyst Eye on CPO shift in focus towards third-party risk management

Spend Matters

Continuing our series of analyst observations on procurement tech market movements, this week we are considering the shift in CPO priorities towards supply-related risks. The recent Deloitte Global Chief Procurement Officer Survey tells us, “CPOs have definitively indicated that risk is here to stay, as evidenced by the greater than 70% in our survey who indicated that procurement-related risk/supply chain disruption has increased in the past 12 months on top of an already elevated baseline.

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Everyone Wants to Work at UPS After Union Scores $170,000 Driver Pay

Supply Chain Brain

The pay is above industry standards, but enthusiastic UPS-wannabes should know that the path to a coveted driving position is far from a smooth ride.

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UPS prepares to win back volume it lost during Teamsters negotiations

Supply Chain Dive

Customers diverted about 1 million parcels daily to FedEx, the U.S. Postal Service and other carriers in Q2 amid strike concerns, executives said.

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Volvo Group Recalls Electric Trucks in U.S. After Battery Fire

Supply Chain Brain

Electric vehicle battery fires are harder to put out because of self-oxidizing lithium salts that can lead them to keep re-igniting.

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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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Better together: IBM and Microsoft make enterprise-wide transformation a reality

IBM Supply Chain Blog

IBM® and Microsoft—the two largest global IT companies—are working together. While many may see IBM and Microsoft as competitors, we are much better partners bringing the best of both companies together to accelerate impact and influence at scale. We provide current and new clients the unique opportunity to take advantage of the combined value from our technology, cloud, and consulting services alongside our ecosystem of partners to meet ever-evolving business needs.

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MARAD Seeks Comment on Establishing Center for Maritime Innovation

Supply Chain Brain

The Center would aim to study and help address “emerging environmental challenges faced by the maritime transportation system.

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The Supply Chain Management Strategies Summit is back this November!

Supply Chain Brain

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

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Shippers to gain upper hand in winter air cargo contract negotiations

Supply Chain Dive

Volumes slid again in July as capacity continued to recover, pushing last month’s general air freight spot rate down 41% YoY to $2.20 per kilogram.

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How to build more sustainable transportation infrastructure

IBM Supply Chain Blog

Transportation infrastructure—a broad term that encompasses the networks of fixed installations that ensure safe transport of people and goods—is a critical part of thriving, modern economies. Examples of transportation systems include roadways, public transit systems, airports, train stations, bus stations, ferry terminals, pipelines and warehouses.

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Supply chain issues throw a wrench into school construction projects

Supply Chain Dive

Persistent labor shortages and inflation have led initially budgeted project costs to increase from the agreed upon price, one source told K-12 Dive.

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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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ILWU Canada Ratifies Labor Deal

Supply Chain Brain

The British Columbia Maritime Employers Association ratified the agreement on July 31.

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Tesla enhances auto parts distribution with New York facility

Supply Chain Dive

The facility will serve as a hub for Tesla's East Coast vehicle parts distribution starting in October.

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How Requisition Management Software Can Save You Money

Fraxion

The purchase requisition process is a key business function for every business; it ensures that purchases are authorized, necessary, and aligned with the organization's objectives.

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Inventory planning to reduce Chinese New Year disruption

EazyStock

Smart inventory managers plan for Chinese New Year (aka Lunar New Year) many months before the event. The more prepared you are, the greater your ability to ensure that this annual supplier shutdown causes as little disruption as possible. This post looks at the challenges brought about by Chinese New Year and how EazyStock can help. Chinese New Year shutdowns Every year factories in China (and other countries that celebrate the Lunar New Year, such as Indonesia, Malaysia, North Korea, Singapore

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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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Getting Strategic About Sustainability in Procurement

Una

Getting Strategic About Sustainability in Procurement Tips for getting strategic about sustainability in procurement and the best practices to adopt to foster a more responsible future. By Hugo Britt | August 8, 2023 Search Search Sustainability doesn’t happen by taking ad hoc or sporadic action in procurement. It takes planning, commitment, policy integration, and, well, a sustained effort to turn sustainability from aspiration to reality.

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StormForge Optimize Live now available in the IBM Cloud Catalog

IBM Supply Chain Blog

In recent years, the rapid adoption of Kubernetes has emerged as a transformative force in the world of cloud computing. Organizations across industries have been drawn to Kubernetes’ promises of scalability, flexibility and streamlined application deployment. However, while Kubernetes offers an array of benefits in terms of application management and development efficiency, its implementation is not without challenges.

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The Supply Chain Control Tower Quiz

The Network Effect

The post The Supply Chain Control Tower Quiz appeared first on The Network Effect.

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Watch: Caraway Home: Online Kitchenware Orders Made Easy

Supply Chain Brain

You can control both your own fulfillment operations and control costs, says Mark Riskowitz, vice president of operations at Caraway Home.

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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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Procuretech in Brazil & Latin America – Leo Calvacanti from Linkana

The Procuretech Podcast

In this episode of the Procuretech Podcast, host James Meads welcomes Leo Cavalcanti, CEO and founder of Linkana, a vendor master data management startup from Brazil. The conversation revolves around the challenges and opportunities in the procurement and supply chain technology industry in Brazil and Latin America. Cavalcanti talks about the need for standardised supplier data management and explains how Linkana addresses this issue.

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How to choose the best enterprise asset management software

IBM Supply Chain Blog

Large organizations are comprised of many assets that require continuous monitoring to ensure optimal productivity. One business’ assets might be thousands of miles of electrical wiring, while another’s might be manufacturing equipment or warehouses. Whatever the case, large organizations can benefit from enterprise asset management (EAM) software to manage all the physical stuff the company owns.

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Procurement Methods: How To Source and Evaluate The Best Suppliers To Work With

Planergy

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend.

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What the Coupa software acquisition means for procuretech

Procurement Software

nShockwaves were sent through the procurement software industry last December when the Coupa software acquisition was announced. They are arguably the market leader and self-proclaimed “inventor of the Business Spend Management (BSM) category”. Coupa was acquired by private equity giant Thoma Bravo in a cash deal worth $8 billion. I’m writing a few weeks after a huge wave of layoffs was announced.

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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?