August, 2023

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Solving the procurement problem: Too many tools, not enough data

Spend Matters

Procurement professionals and IT leaders tasked with managing software procurement today can often only focus on the top 20% of vendors. Why? It’s a convergence of three main factors: lack of data, limited resources and inefficient tooling. SaaS and vendor management has become increasingly complex Procurement and IT are being inundated with software access, vendor intake and renewal requests.

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Sustainable Procurement: What it is and its Importance

SCMDOJO

Discover the power of sustainable procurement in enhancing supply chain resilience and brand reputation and learn about its importance.

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Trending Sources

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The Importance of Investment in Ports for the Future of the Supply Chain

Supply Chain Brain

Healthy, modernized seaports are essential for the profitability of businesses and investors everywhere. Our new white paper answers these questions and details the areas of seaports where investments will bring the biggest payback.

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The Market Speaks: Procurement practitioner requirements and the tech vendor response — Simfoni

Spend Matters

Spend Matters constantly updates its understanding of the state of the procurement tech market via RFIs for our SolutionMap dataset, vendor interviews, global event attendance and product demos with the aim of keeping tech-selection decision makers ahead of market trends. But we also endeavor to grow our understanding of the wants and needs of the customers using that tech – the practitioners.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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The Big Interview with Fraser Macdonald

Procurement Heads

For Procurement Heads’ latest Big Interview, he spoke with  Sagar Bhardwaj  about his procurement career. How did you get into Procurement? My career in procurement started when I completed my apprenticeship in business and administration at 17, working within the local authority where I was part of the property management and investment team and was involved in the publication of pin notices, quick quotes and mini competitions.

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Dodging the Urban Doom Loop

Art of Procurement

In the book “Good to Great,” Jim Collins wrote about the flywheel effect, a prosperous cycle of work and adjustment. The post Dodging the Urban Doom Loop appeared first on Art of Procurement.

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Want to Help with Hurricane Idalia Relief? Here’s How

SCMR (Supply Chain Management Review)

As Hurricane Idalia made landfall on Wednesday morning along the Florida coast, the need for logistics and supply chain support following the storm will be great. ALAN’s executive director offers advice on how to get involved.

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The New Era of Commerce: A Guide for Future-Proofing Your Shipping

Supply Chain Brain

This paper offers comprehensive strategies to ensure enduring shipping operations, such as leveraging advanced technology to optimize logistics and using data to identify trends.

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Defense Supply Chain Network for Naval Operations

The Network Effect

How the US Navy's NOSS (Naval Operational Supply System) solution will be more agile, responsive, and effective using a network approach.

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357: Leverage the Power of Shipping Intelligence, with Reveel

Let's Talk Supply Chain

Today I’m joined by Reveel, a forward-thinking digital platform that is on a mission to level the playing field with innovative shipping intelligence technology that gives businesses control over their parcel shipping expenses. Reveel is the leading Parcel Shipping Intelligence Platform that enables companies to level the playing field with FedEx and UPS.

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Exploring the Advantages and Hurdles of Direct Store Deliveries

Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027. Download this eBook for exclusive insights into direct store deliveries, challenges, benefits, and future trends.

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From Blocks to Bites: A Cheese-Inspired Approach to Change Management

Art of Procurement

Bear with me for a moment… Close your eyes and imagine someone handing you a large block of your favorite. The post From Blocks to Bites: A Cheese-Inspired Approach to Change Management appeared first on Art of Procurement.

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Inside Hershey’s $1B push to boost its supply chain capacity

Supply Chain Dive

The multi-year undertaking will allow the candy maker to balance existing capacity with future flexibility, an executive said.

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Generative AI, Robotics and Automation: Supply Chain Friends or Foes?

SCMR (Supply Chain Management Review)

Supply chain leaders should consider the potential benefits of generative AI, robotics, and automation in supply chain management while being mindful of the implications for their teams.

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The New Era of Due Diligence in 2023

Supply Chain Brain

The world of business has entered a new era of due diligence. In this new era, the traditional approach taken by most companies is no longer sufficient to effectively identify and manage risks.

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How One Manufacturer Used GEP SOFTWARE To Save $45M in Direct Material Sourcing

For global manufacturers, managing direct and indirect material spend can get very complicated very quickly. Multiple legacy systems prevent procurement from standardizing processes and tracking what they’re spending with each supplier. In response to these challenges, a leading heavy equipment manufacturer selected GEP to redesign its source-to-contract processes and implement a convergent data model to help manage procurement data across its multiple locations.

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Top 10 TikTokers to Take Off your Supply Chain

SCMDOJO

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” That was fun, right? In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains. Beyond dance moves, they offer bite-sized insights for success, promising to elevate you above inefficiencies.

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354: Stop Supply Chain Chaos and Get One Step Ahead, with Osa Commerce

Let's Talk Supply Chain

  Today I’m joined by Osa Commerce , an innovative software provider that is on a mission to tackle data chaos in the supply chain. Osa specialize in connecting, unifying, and automating commerce operations for retailers, logistics providers and their customers. With its advanced AI-powered collaborative visibility platform and intelligent decision-making capabilities, Osa powers supply chains to sell wherever their customers are, so they can focus on scalable growth – and be one step ahead.

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The Problem with Performative ESG

Art of Procurement

Although we talk about ESG programs all the time, they actually haven’t been with us for very long. ESG initiatives. The post The Problem with Performative ESG appeared first on Art of Procurement.

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Norfolk Southern outage could lead to weeks of disruptions

Supply Chain Dive

The railroad is still investigating the cause of the Monday outage, but does not believe it was a cybersecurity incident.

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CEVA Logistics Drives Agile, Multi-Leg Inbound Flows for Tech Company

CEVA Logistics, a global leader in third-party logistics, was contracted to help a technology company manage its complex supply chain, supporting B2B, B2C, and reverse flows across multi-leg transport. CEVA leveraged Kinaxis to eliminate blind spots across supply chain activities, centralize order and logistics management, and drive cost-effective plans for order execution.

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The Future of Manufacturing at GE Appliances

SCMR (Supply Chain Management Review)

GE Appliance’s FirstBuild microfactory approach is giving life to innovative ideas that may ultimately make people’s lives easier.

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HD KSOE Delivers LNG Tanker with an AI Engineer

Supply Chain Brain

The AI engineer is equipped with two engine automation systems that operate in real-time to diagnose the condition of important ship equipment and detect potential emergencies.

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US Open heralds new era of fan engagement with watsonx and generative AI

IBM Supply Chain Blog

As the tournament’s official digital innovation partner, IBM has helped the US Open attract and engage viewers for more than three decades. Year after year, IBM Consulting works with the United States Tennis Association (USTA) to transform massive amounts of data into meaningful insight for tennis fans. This year, the USTA is using watsonx , IBM’s new AI and data platform for business.

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353: Women in supply chain™, Holly Pearce

Let's Talk Supply Chain

In today’s episode of Women In Supply Chain, I’m joined by Holly Pearce, a self-confessed supply chain champion! Holly has over 20 years of industry experience, working at the director level across multiple global organizations. Currently the Director of Logistics for C+D Trojan, she is a transformation champion, seeking to improve supply chain processes and customer experience through continuous improvement, vertical integration, and shared visibility.

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Your Triple-Threat Solution for Resilient Planning and Execution

Speaker: Len Pannett - Supply Chain and Operations Transformation Expert | Board Advisor - UK Ministry of Defence | Mentor | Author | Keynote Speaker

With the dark clouds of inflation and uncertainty looming overhead while the pressures of ESG and geopolitical tensions increase, today’s supply chain professionals are facing challenges we have never seen before. What were once traditional supply chains have now transformed to multidimensional networks met with new extremes in customer demands. Supply chain professionals often face the dilemma of balancing cost, resilience, and sustainability.

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[Pod] Strengthening Your Corporate Culture to Survive Challenging Economic Times

Art of Procurement

“Procurement needs to be a friend. They need to have relationships. Without relationships, the price on a piece of paper. The post [Pod] Strengthening Your Corporate Culture to Survive Challenging Economic Times appeared first on Art of Procurement.

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Vietnam lifts restrictions on grain exports from North America and Europe

Supply Chain Dive

The country removed creeping thistle as a pest of concern, allowing Canada to resume bulk wheat shipments for the first time since 2018.

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From Peril to Preparedness: Navigating Supply Chains Amid Changing Climate Dynamics

SCMR (Supply Chain Management Review)

Extreme weather events that were once considered anomalies are now becoming part of our daily lives. Artificial intelligence is providing new opportunities for supply chains to mitigate some of these risks.

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Can Generative AI Help Eliminate the $2T Trade Finance Gap?

Supply Chain Brain

The new wave of generative artificial intelligence is supercharging the i ncreased automation of B2B customer onboarding and due diligence for financing approvals, disbursements and repayments.

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2023 Voice of Talent: State of the Workforce Report

New data is raising the bar on how to attract and retain talent in the New World of Work. Procom surveyed over 1,740 contingent and permanent workers across the United States and Canada to uncover what’s most important to them amidst heightened expectations, competition and uncertainty. We have distilled the data into actionable insights you can leverage to strengthen your position as an employer of choice and access the skills you need.

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Navigating the Challenges of Freelance Buyers: Tips and Tricks

Procurement Freelancers

With the work environment transforming, a growing proportion of people are considering freelancing as a… The post Navigating the Challenges of Freelance Buyers: Tips and Tricks first appeared on Procurement Blog | Procurement & Supply Chain News.

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AIThority: The Challenges of Generative AI in Supply Chain and Procurement

Arkestro

This AiThority guest post unravels the challenges of using generative AI in Supply Chain and Procurement operations across the world.

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Hapag-Lloyd Left Out of Second Round of Bidding for HMM

Supply Chain Brain

Hapag-Lloyd, the only foreign company involved in HMM's bidding, was ruled out of the privatization process by creditor banks Korea Development Bank and Korea Ocean Business Co.

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Watch: How Can Delivery Drivers Thrive While Remaining Independent?

Supply Chain Brain

Peter Schlactus, co-founder and executive director of the Association for Delivery Drivers, explains how independent delivery drivers can retain their status, yet still have access to critical services such as training, certification and insurance.

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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.