Sat.Aug 19, 2023 - Fri.Aug 25, 2023

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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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Understanding The Different Types Of Procurement Contracts

Procurement Freelancers

Purchasing things and services to satisfy the business’s demands is one ⁠ of the most critical… The post Understanding The Different Types Of Procurement Contracts first appeared on Procurement Blog | Procurement & Supply Chain News.

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Benefits of Implementing Procurement Software

ProcurePort

1. Greater Cost Savings Optimized Spend Analysis: One of the primary advantages of leveraging procurement technology is the potential for cost savings. Advanced systems analyze spending, ensuring every dollar is accounted for and purchases follow company policies and contracts. Discount Management: With procurement technology, companies can seamlessly track supplier discounts or promotional offers, ensuring they […] The post Benefits of Implementing Procurement Software appeared first on P

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2024 planning: Supporting growth by expanding strategic procurement and optimising operating models

Procurement Leaders

Under increased pressure to save money, CPOs are being asked to do more with less. With the emergence of ESG and resilience in recent years as top priorities alongside the function’s bread and butter of cost savings, teams must now simultaneously deliver on short- and long-term corporate goals while maintaining the maximum levels of operational efficiency.

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How a Global CPG Leader Optimized $500M of Direct Materials Spend and Exceeded Savings Goal

A Fortune 500 CPG company partnered with GEP to improve end-to-end category management, optimize direct spend categories, and increase strategic focus on tail spend. GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supply chain resilience and agility.

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

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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Supply Chain Weekly Wrap-Up 08/18/2023-08/24/2023

All Things Supply Chain

Panama Canal delays causing unrest for Shippers The Panama Canal is currently facing disruptions due to low water levels and restrictions imposed to conserve water.

More Trending

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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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The Importance of Supplier Audits in Risk Management

Procurement Freelancers

The landscape of organizations is constantly evolving, underscoring the significance of risk management. As international… The post The Importance of Supplier Audits in Risk Management first appeared on Procurement Blog | Procurement & Supply Chain News.

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The 5 Largest Microchip Companies in the World

All Things Supply Chain

In the fast-paced world of technology, microchips are the unsung heroes that power our devices, from smartphones to self-driving cars.

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Watch: How AI Has Transformed the Logistics Landscape

Supply Chain Brain

Robotics and artificial intelligence are changing more than the warehouse, says Ray Roberts, enterprise sales executive at Logiwa. An example: Autonomous vehicles are becoming more active in trucking.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

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. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Container Rates from China Start Rising Again

Procurement Bulletin

Container Rates from China Start Rising Again As shipping rates started coming down and the chaos for supply chains started improving, it looks like container rates from China to the U.S. are starting to creep up again. Sugar Distributor Expands Products Vancouver-based sugar distributor, Rogers Sugar, is looking to expand its Montreal production facility to increase production by 20%.

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The Benefits of Outsourcing Procurement Services to Consultants

Procurement Freelancers

To pursue efficient operations and stronger financial performance, organisations are leveraging external procurement resources. The… The post The Benefits of Outsourcing Procurement Services to Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

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New York City proposes larger cargo bikes for deliveries

Supply Chain Dive

Increasing the maximum bicycle width by one foot would help the city's efforts to cull truck traffic and emissions, according to its transportation department.

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Huawei Accused of Building Secret Manufacturing Facilities in China

Supply Chain Brain

By constructing facilities under the names of other companies, Huawei can circumvent U.S. restrictions, allowing the organization to indirectly purchase American chip manufacturing equipment.

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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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How Do You Define Your ERP System?

SCMR (Supply Chain Management Review)

The ERP system sits at the center of the other supply chain systems and the overall connectivity. As the source of truth, this is where the foundational data should be stored.

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Will generative AI make the digital twin promise real in the energy and utilities industry?

IBM Supply Chain Blog

A digital twin is the digital representation of a physical asset. It uses real-world data (both real time and historical) combined with engineering, simulation or machine learning (ML) models to enhance operations and support human decision-making. Overcome hurdles to optimize digital twin benefits To realize the benefits of a digital twin, you need a data and logic integration layer, as well as role-based presentation.

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Amazon, FedEx and United Airlines join Hawai?i fire recovery efforts

Supply Chain Dive

The state’s Department of Transportation has waived wharfage charges for inbound humanitarian shipments at Maui’s Port of Kahului.

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The Gap Between Retail Winners and Losers Will Widen This Coming Peak Season

Supply Chain Brain

The winners this season are going to be companies that keep their loyal customers close, and maintain a real focus on customer service. They'll also be deploying AI.

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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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Market or roadway mayhem? A fundamental supply chain dilemma

SCMR (Supply Chain Management Review)

The trucking industry is strongly tied to overall economic performance, but the rigidity it faces from labor, equipment, and regulations make it difficult to scale up and down quickly, leading to boom-and-bust cycles.

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Enable: Vendor Analysis — Rebate management solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Enable and its rebate management solution. Managing B2B rebates has become difficult in the current supply chain environment because the complexity of supply chains and deals has increased and processes and solutions have failed to evolve at the same pace as rebates. Rebates come in many different forms and vary by industry, which makes keeping track of them and maximizing savings hard.

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How food freshness sensors could impact supply chains

Supply Chain Dive

Expiration and date labels on packaging can cause confusion and food waste. Companies and researchers around the world are testing inks, pH sensors, hydrogels and other approaches to change that.

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Watch: Creating Purpose-Driven Supply Chains

Supply Chain Brain

For a business wanting to cultivate a better world, it all starts with the supply chain, says Carlos Londono, vice president of supply chain at restaurant chain Chipotle Mexican Grill.

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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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2018 Call for Code Winner Project OWL advances its natural disaster communication network

IBM Supply Chain Blog

For disaster-prone areas, fragile connectivity remains a major problem, often going offline in critical moments. Aerospace enterprises face a similar challenge when trying to run consistent high-altitude connectivity while operating in remote locations, which can also be very expensive. This is where Project OWL comes into play: developing new technologies to help address these challenges.

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Analyst Eye on avoiding the supplier silence treatment – the silent slope

Spend Matters

When price rises for raw materials, such as copper or wheat, are market-driven or are defined by market fluctuations, the procurement professional can be sure their supplier will be on the phone to set expectations of cost increases. But it’s not a two-way street. When market prices fall, you can be sure the phone won’t be ringing off the hook! This is what our senior research analyst Bertrand Maltaverne calls the ‘silent slope.

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Target’s operating profit leaps 273% after long battle against inventory

Supply Chain Dive

The spike follows last year’s painful stock clearing that “laid the groundwork for the recovery and profitability,” its CEO said.

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How China’s New Restrictions on Critical Minerals Will Affect Global Sourcing Strategies

Supply Chain Brain

The latest skirmish in the trade war between the U.S. and China provides yet another reminder of why American high-tech manufacturers need to diversify their supply of critical raw materials.

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How to Create a Blueprint for Fleet Resilience

Speaker: Jeff Dickinson - President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future. 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,

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The Power of Digital Twins is Being Drained as Customers are Left Behind

SCMR (Supply Chain Management Review)

As more supply chains build digital twins, few are adding their customers to the modeling, leaving gaps in their ability to drive better outcomes.

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MDM vs. MAM: Top 5 differences

IBM Supply Chain Blog

It looks like an easy day for James, an IT Administrator. It is vacation time and most of his end users are out of the office, so he thinks it is time to have a look at some of the backlog tasks—maybe even procrastinate a bit. But then, the phone rings. It’s Robert, one of the end users in his company. Robert is very nervous—he’s calling from the hotel because he has lost his iOS smartphone on the beach.

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Walmart, Alphabet’s Wing team up for drone delivery in Texas

Supply Chain Dive

Two stores in the Dallas-Fort Worth area will offer the service for customers within a 6-mile radius by the end of the year.

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Gebrüder Weiss and Atinkana Create a More Sustainable Way to Transport Coffee

Supply Chain Brain

Gebrüder Weiss said it takes about ten weeks to get coffee to Europe via sailing ships, meaning the company transports 14 tons of coffee to Switzerland once a year.

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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