CPO Rising
MAY 1, 2023
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.
Supply Chain Brain
APRIL 30, 2023
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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Procurement Tactics
APRIL 30, 2023
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.
Una
MAY 2, 2023
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.
Speaker: Shalini Dinesh
Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022). The 2023 Supply Chain Insights Report highlights that 60% of supply chain disruptions are caused by poor communication and misalignment among cross-functional teams.
SCMR (Supply Chain Management Review)
MAY 1, 2023
Make visibility and collaboration central to sustainability efforts.
Procurement Foundry
MAY 2, 2023
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.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Supply Chain Dive
MAY 3, 2023
Shippers have been diverting cargo for years now, but where exactly is it going? A few datasets provide a hint.
Procurement Tactics
MAY 2, 2023
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?
SCMR (Supply Chain Management Review)
MAY 1, 2023
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.
All Things Supply Chain
MAY 5, 2023
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.
Advertiser: GEP
Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.
ProcurePort
MAY 5, 2023
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?
Procurement Tactics
MAY 4, 2023
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.
Art of Procurement
MAY 4, 2023
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.
SCMR (Supply Chain Management Review)
MAY 1, 2023
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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Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Today’s volatile landscape requires inherent visibility across your entire value chain and the ability to orchestrate course corrections within a unified platform.
Supply Chain Dive
MAY 4, 2023
The bankrupt retailer has big trade debts to numerous suppliers as well as transportation and other service providers.
Procurement Tactics
MAY 4, 2023
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.
Supply Chain Trend
MAY 5, 2023
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.
ContractSafe
MAY 5, 2023
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!
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
Supply Chain Dive
MAY 5, 2023
Employees will work alongside “thousands of robotic systems” to process smaller shipments such as book and toys, according to a spokesperson.
Procurement Tactics
MAY 2, 2023
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.
Art of Procurement
MAY 4, 2023
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.
Procurement Bulletin
APRIL 30, 2023
Why Retailers Need Better Inventory Management Many of the retailers in my city are constantly out of stock on items, which results in me ignoring their “sales” since they never actually have anything in stock. In 2021, 7.4% of retail sales were “lost” due to items not being in stock. That’s why inventory management is crucial China Looking to Boost Trade Business We’ve wrote about how global demand for goods has decreased resulting in lower trade transactions
Speaker: Paul Heller
Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro
Supply Chain Dive
MAY 5, 2023
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.
Supply Chain Brain
MAY 4, 2023
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.
IBM Supply Chain Blog
MAY 2, 2023
The introduction of generative AI systems into the public domain exposed people all over the world to new technological possibilities, implications, and even consequences many had yet to consider. Thanks to systems like ChatGPT, just about anyone can now use advanced AI models that are not only capable of detecting patterns, honing data, and making recommendations as earlier versions of AI would, but also moving beyond that to create new content, develop original chat responses, and more.
Procurement Freelancers
MAY 1, 2023
To sustain a company’s operational performance and effectively control spending, a procurement plan is necessary.… The post Implementing Effective Procurement Strategies With A Purchasing Consultant first appeared on Procurement Blog | Procurement & Supply Chain News.
Advertiser: GEP
AI isn’t the future. It’s here, now. 30% of businesses have invested in AI. Another 57% will do it in the next 12 months*. From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. But here’s the secret: success will only come from strong human-AI collaboration, reveals this new new Economist Impact report.
Supply Chain Dive
MAY 1, 2023
The less-than-truckload unit has been cutting costs and streamlining its network as demand continues to decline.
Una
MAY 3, 2023
EPISODE 113 Learning to Work Side-by-Side with ChatGPT with Joshua Palacios By Kelly Barner | May 3, 2023 In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Joshua Palacios. Josh is a Senior Sourcing Manager at Ro and according to his LinkedIn profile he “refuses to be overlooked due to his work ethic and achievements.” Josh connected with The Sourcing Hero team in a very unique way… he is a regular listener and had the creative idea to ask ChatGPT what a Sourcing Hero is.
IBM Supply Chain Blog
MAY 1, 2023
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.
Supply Chain Brain
MAY 1, 2023
Over the past three years, retailers have been wrestling with product shortages and increasingly painful out-of-stock issues. More recently, however, they’ve been struggling with overstocks.
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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