Sat.Apr 29, 2023 - Fri.May 05, 2023

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Procurement Strategies Manifest from Uncertainty

CPO Rising

There is no doubt that uncertainty is permeating the four walls of today’s enterprises. Many unknowns have yet to be revealed, leading to more conservative and risk-averse business decision-making. Chief procurement officers, among others, continue to operate in a new normal where answers to business challenges are elusive.

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Three Reasons to Modernize EDI Infrastructure

Supply Chain Brain

Electronic data interchange (EDI) has been the standard for B2B supply chain communication since the 1960s and early 1970s, but it's time for an upgrade.

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Sustainable Transformation — Embracing Sustainable Procurement

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Transformation — Embracing Sustainable Procurement Sustainable transformation is needed to adapt and survive the new wave of challenges in the procurement process. However, how do you do it? In this article, we will discuss what sustainable transformation is.

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When Should My Small Business Create a Procurement Function?

Una

When Should My Small Business Create a Procurement Function? Tips for small business owners on how to implement a procurement function as your organization scales – and before it’s too late. By Hugo Britt | May 2, 2023 Search If you know anyone who is launching a small business – perhaps a family member or former colleague – you could do them a huge favor by explaining why they need to create a procurement function as early as possible.

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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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Tackling sustainability in procurement

SCMR (Supply Chain Management Review)

Make visibility and collaboration central to sustainability efforts.

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Managing Tail Spend: Strategies for Effective Cost Control

Procurement Foundry

What is tail spend? Tail spend in procurement describes infrequent, low-value purchases that can add up significantly over time. These small purchases may include office supplies, maintenance and repair services, travel, and small equipment purchases. The term "tail" refers to the end of a distribution curve with many small transactions.

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4 charts show how cargo diversions are playing out in the US

Supply Chain Dive

Shippers have been diverting cargo for years now, but where exactly is it going? A few datasets provide a hint.

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Sustainability in Specifications — Embracing Sustainability

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainability in Specifications — Embracing Sustainability Sustainability in specifications allows businesses to ensure that they are following their sustainable requirements to achieve success in sustainability. However, what is it?

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100% uptime for renewable energy sources

SCMR (Supply Chain Management Review)

The recent column discussed how global policymakers have been relatively ineffective in using diplomacy to come up with a coordinated plan toward a world free of fossil fuels.

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Supply Chain Weekly Wrap-Up 04/28/2023-05/04/2023

All Things Supply Chain

Apple sales fall but iPhone demand persists Apple sales have continued to fall, as the economy slows and buyers, squeezed by rising prices, put off purchases of computers and iPads.

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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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How Much Cost Savings Can I Achieve Using Reverse Auction Software?

ProcurePort

What is Reverse Auction Software? Reverse auction software is a digital platform that enables buyers to solicit bids from multiple suppliers in real-time. Unlike traditional auctions, reverse auctions involve suppliers competing against each other. The lowest bidder wins in this auction, not the highest. They must offer the lowest price for the product or service. […] The post How Much Cost Savings Can I Achieve Using Reverse Auction Software?

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Challenges in Sustainability Faced by Procurement Teams

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Challenges in Sustainability Faced by Procurement Teams Adopting sustainability in procurement has many challenges that the procurement team must address to aim for sustainability. However, what are these challenges? In this article, we will discuss what sustainable procurement is.

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The Big Interview with Gordon Hall

Procurement Heads

For Procurement Heads ‘ latest Big Interview, he spoke with Kane Nurse about his procurement career. How did you get into procurement? It’s an interesting story, procurement wasn’t a predefined career choice by any means. I actually fell into procurement. It was presented to me as an opportunity and challenge at the same time in my very first role by the Managing Director I was reporting to at the time, this followed a two-and-a-half-year stint in front-line operations.

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[Pod] Bed Bath & Beyond’s Decline from Superstore to No-more

Art of Procurement

Bed Bath & Beyond was founded in New Jersey in 1971. Popular for its effective use of the ‘superstore’ concept, The post [Pod] Bed Bath & Beyond’s Decline from Superstore to No-more appeared first on Art of Procurement.

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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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Bed Bath & Beyond owes over $95M to these 14 vendors in its supply chain

Supply Chain Dive

The bankrupt retailer has big trade debts to numerous suppliers as well as transportation and other service providers.

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Contract Auditing — Everything You Should Know

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Contract Auditing — Everything You Should Know Contract auditing allows parties to know their obligations and follow them thoroughly. However, what is it? In this article, we will discuss what contract audit means. We will tell you the purpose and the different types of auditing contracts.

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The Big Interview with Gordon Hall

Procurement Heads

For Procurement Heads ‘ latest Big Interview, he spoke with Kane Nurse about his procurement career. How did you get into procurement? It’s an interesting story, procurement wasn’t a predefined career choice by any means. I actually fell into procurement. It was presented to me as an opportunity and challenge at the same time in my very first role by the Managing Director I was reporting to at the time, this followed a two-and-a-half-year stint in front-line operations.

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Top 50 Trucking Companies 2023: Is this year normal?

SCMR (Supply Chain Management Review)

As the $830 billion trucking industry prepares for what could be the first full “normal” year since the pandemic caused tidal waves in supply/demand cycles, the “best of the best” are concentrating on strategy, operations and execution. Our trucking correspondent examines what’s ahead for trucking in 2023.

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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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Target has tracked down nearly all of its palm oil supply

Supply Chain Dive

The retailer had visibility down to the mill level of 96% of its supply last year as it looks to make its products more sustainable.

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Sustainable Contracts — Embracing Sustainability in Procurement

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Contracts — Embracing Sustainability in Procurement Sustainable contracts allow companies to oblige their suppliers to practice sustainable and ethical practices once they sign them. However, what is it? In this article, we will discuss what sustainable contracts are.

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A Big Rethink: Reimagining and Reshaping Supply Chain Planning

Supply Chain Brain

Key to any digitalization effort is connecting all data, decisions, and operations and enabling the community of internal and external users and partners to make better and faster supply chain decisions.

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Planners Deserve a Better Vision!

Supply Chain Trend

We’ve entered an AI era where 76% of work can be augmented or automated. However, only 3% of companies apply automated execution and 7% autonomous end to end planning. 2% of managers apply best practice decision methods. Hardly a recipe for improving planning & decision making. Imagine the opportunity if we closed this massive planning, decision & execution gap with a new planning paradigm.

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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.

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FedEx Freight to close 29 locations, enact more furloughs

Supply Chain Dive

The less-than-truckload unit has been cutting costs and streamlining its network as demand continues to decline.

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Will We See You at CLOC 2023?

ContractSafe

We’re headed to Vegas! We’re excited to attend #CLOC2023 this year! It’s our first time attending, but we’re ready to make a splash. Stop by Booth #248 to put ContractSafe to the test. To show you just how quick and easy ContractSafe is, we made it a race. Go head-to-head with your colleagues; the first to complete the Contract Management tasks in our demo account wins!

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The Product Label Imperative for Sustainability

Supply Chain Brain

Labeling has a critical role to play in sustainability, by being the consumers’ gateway to information and disclosures on sustainability efforts, which will help guide their purchasing decisions.

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[Pod] Procurement 6 – May 5th, 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 – May 5th, 2023 appeared first on Art of Procurement.

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Hot Off the Grill: Optimizing Summer Supply Chains for Seasonal Staples

Speaker: Glenn Koepke and Steve Rotter

This webinar – coming to you from Glenn’s own backyard – discusses the importance of supply chain visibility for seasonal shipping, new product promotions, and holiday ramping in the F&B and retail industries while providing sizzling secrets to creating the juiciest meats for your barbecue. Hear success stories from Land O’Lakes, Coca-Cola, and Dollar Tree on how they beat the summer supply chain heat with real-time visibility.

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Amazon opens robotic fulfillment center in Connecticut

Supply Chain Dive

Employees will work alongside “thousands of robotic systems” to process smaller shipments such as book and toys, according to a spokesperson.

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The Psychiatry of Supply Chain Negotiations: Using human factors to attain superior outcomes

SCMR (Supply Chain Management Review)

“Negotiation is empathy. It’s almost trite to say that if you can’t put yourself in the seat of the other person you’re speaking with, you’re not going to do well.

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Driving Sustainability by Minimizing Distances Traveled in the Warehouse

Supply Chain Brain

Reducing the distance between products and transportation speeds fulfillment, which in turn helps with sustainability efforts.

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What policymakers need to know about foundation models

IBM Supply Chain Blog

The last few years—even the last few months—have seen artificial intelligence (AI) breakthroughs come at a dizzying pace. AI that can generate paragraphs of text as well as a human, create realistic imagery and video from text, or perform hundreds of different tasks has captured the public’s attention. People see AI’s high level of performance, creative potential and, in some cases, the ability for anyone to use them with little to no technical expertise.

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The Cost-Plus World of Supply Chains: The Macroeconomic and Geopolitical Environment

From new pricing strategies and material substitutability to alternative suppliers and stockpiling, a new GEP-commissioned Economist Impact report reveals that enterprises are adopting a variety of approaches underpinned by data and technology. In "The Cost-Plus World of Supply Chains: The Macroeconomic and Geopolitical Environment," you'll find lessons from AT&T and GSK on managing today’s supply chain disruptions.