Procurement Leaders

JULY 15, 2024

Being a chief procurement officer might be the best job in the world. That’s quite the statement but, writing this from the grounds of Château St. Gerlach near Maastricht as Procurement Leaders’ annual CPO retreat Ovation reaches its conclusion, I’m left in no doubt that it’s one based on reality. Why? That becomes clearer when you take a moment to step back and consider the sphere of influence and scope of impact that procurement has.

Chief Procurement Officer 130

Chief Procurement Officer Influencing Sustainability Business strategy 130

Art of Procurement

JULY 18, 2024

Section 321 of the U.S. Tariff Act of 1930 contains a small provision known as ‘de minimis,’ a Latin phrase. The post De Minimis: Supply Chain Trifles the Law Should be Concerned With appeared first on Art of Procurement.

Supply chain 131

Supply chain Supply Procurement Risk management 131

All Things Supply Chain

JULY 15, 2024

As supply chains continue to grow in scope and complexity, so do contractor safety risks.

Risk 130

Risk Supply chain Supply Supply chain management 130

Supply Chain Brain

JULY 15, 2024

Tom Moore and Keith Moore, CEOs of, respectively, ProvisionAi and Autoscheduler.AI, talk about how AI is helping to solve problems in supply chains — and where it's more a matter of hype.

Supply chain 116

Supply chain Supply 116

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.

Procurement Leaders

JULY 16, 2024

In partnership with Ivalua: CPOs must be prepared to pilot at pace, fail and learn from their mistakes to accelerate the adoption of AI and capture the full value that the technology offers

Procurement 100

Procurement 100

Supply Chain Dive

JULY 15, 2024

The workwear brand is tapping the U.S. Cotton Trust Protocol and Better Cotton initiative in a bid for greater traceability and transparency over its supply chain.

Supply Chain Efficiency 137

Supply Chain Efficiency Bidding Sourcing Sustainability 137

Supply Chain Brain

JULY 17, 2024

Just over 49% of workers voted in favor of unionizing, ending a two-year-long fight where employees held a series of strikes in a push for higher pay.

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Spend Matters

JULY 15, 2024

In the realm of modern business operations, effective financial management is not just a task, it’s the heartbeat that drives growth and sustains operations. Imagine a company navigating a complex network of supplier negotiations, payment terms and cash flow management. This is where procurement steps in as the strategic architect, shaping the path to financial optimization.

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Supplier negotiation Sustainability Negotiation Networking 91

Supply Chain Dive

JULY 16, 2024

The Supply Chain Information Highway’s next phase of development will include additional rail cargo and export visibility, among other features.

Export 126

Export Supply chain Supply 126

Procurement Freelancers

JULY 14, 2024

Getting business agreements handled properly is essential for businesses. It means taking care of contracts… The post 7 Steps to Streamline Your Procurement Contract Management first appeared on Procurement Blog | Procurement & Supply Chain News.

Contract management 90

Contract management Procurement contracts Contract Procurement 90

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.

Procurement

Supply Chain Brain

JULY 18, 2024

Chief information officers today face increasing pressure to keep pace with advances in technology. And that brings the role of the integration platform as a service (iPaaS) into prominence.

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SCMDOJO

JULY 18, 2024

Vehicle efficiency is a critical factor for businesses operating trucks. It directly impacts operational costs and environmental footprint. This blog post explores various strategies that can significantly improve vehicle efficiency in truck operations. Implementing these practices can lead to substantial business cost savings and a cleaner environment.

Supply Chain Efficiency 86

Supply Chain Efficiency Cost of ownership Supply Chain Optimization Sustainable transportation 86

Supply Chain Dive

JULY 15, 2024

The terminal is slated to begin operations as early as 2026, serving industries such as manufacturing, agriculture and consumer goods.

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Procurement Insights

JULY 18, 2024

We are inundated with an unprecedented volume of information. A recent survey by the team at Heyday found that the average person consumes four articles, more than 8,000 words and more than 200 messages daily. Yet, research suggests that we forget up to 70% of new information within 24 hours if we don’t actively engage with it. This “forgetting curve” shows that despite our voracious content consumption, we retain only a fraction of what we read. – Anne-Laure Le Cunff , Ness Labs Occ

Buyers 86

Buyers Import Demand 86

Advertisement

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.

Real-time Visibility

Supply Chain Brain

JULY 14, 2024

The best way that industrial supply chains can prepare for an uncertain future is to imagine the most extreme outcomes playing out — in opposite directions.

Supply chain 115

Supply chain Supply 115

Procurement Freelancers

JULY 17, 2024

Starting an online store is exciting, but you may face many obstacles you can’t overcome.… The post Is a Product Sourcing Agent Right for My E-Commerce Business? first appeared on Procurement Blog | Procurement & Supply Chain News.

Sourcing 86

Sourcing Supply chain Procurement Supply 86

Supply Chain Dive

JULY 19, 2024

The parties had seen talks stall since June after a local dispute arose over the use of automated gates.

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SCMDOJO

JULY 16, 2024

Transportation is a complex system, and even minor inefficiencies can have a ripple effect. This article explores challenges identified in a research paper by McKinnon (2006) focusing on vehicle utilization and efficiency in the freight industry [1]. We’ll delve into each challenge and explore potential solutions: 1. Demand Fluctuations: Challenge: Seasonal variations, daily sales fluctuations, and unpredictable demand patterns can lead to underutilized vehicles.

Supply Chain Optimization 71

Supply Chain Optimization Supply Chain Efficiency Route optimization Agile and Lean Supply Chain 71

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

Sustainability

Supply Chain Brain

JULY 18, 2024

With concerns over transit delays in the Red Sea and the looming threat of an East Coast and Gulf port longshoremen strike, retailers began restocking shelves in June.

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Procurement Insights

JULY 19, 2024

Over the past few decades, I have written about and interviewed some of the top professionals in this area, including Forrest Breyfogle. Here is the link to the first Six Sigma case study of Forrest’s that I posted on my YouTube channel in 2008 – [link] Watching that video today, the case study seems as relevant now as it did then—maybe even more so.

Purchasing 66

Purchasing Supply chain Supply 66

Supply Chain Dive

JULY 17, 2024

The Bipartisan Infrastructure Law is funding 13 economically significant projects to address traffic and freight bottlenecks.

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Art of Procurement

JULY 17, 2024

Procurement intake processes are often misunderstood by other areas of the business, and having to constantly guide distributed buyers through. The post AOP Introducing… Tonkean Enterprise Copilot appeared first on Art of Procurement.

Buyers 59

Buyers Procurement 59

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

Innovation

Supply Chain Brain

JULY 17, 2024

Predictive AI models will power smarter inventory distribution, greater pick path efficiency and dynamic order grouping, thereby improving accuracy, reducing costs and accelerating throughput.

Inventory 105

Inventory 105

Procurement Insights

JULY 19, 2024

The # 1 thing you can do to guarantee your procure tech succeeds? Be agent-based, NOT equation-based. Lead with problem-solving, people, and process, then technology, not equation-based, which is technology, process, and people. Jon W. Hansen , one of the top voices of procurement argues that with this mentality YOUR TEAM will always succeed, regardless of the technology.

Procurement 52

Procurement Supply chain Supply 52

Supply Chain Dive

JULY 16, 2024

The retailer’s implementation of a new warehouse management system is a key component of its efforts to bolster its omnichannel capabilities.

Management 129

Management 129

Art of Procurement

JULY 19, 2024

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – July 19th, 2024 appeared first on Art of Procurement.

Procurement 52

Procurement 52

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 Optimization

Supply Chain Brain

JULY 14, 2024

This white paper highlights the impact BANI is having on the supply chain and shows how logistics professionals can manage challenges that defy imagination.

Logistics 105

Logistics Supply chain Management Supply 105

Finale Inventory

JULY 18, 2024

Retail inventory management is a fundamental part of running a successful ecommerce business. With the evolving landscape of online retail, staying ahead is crucial. Effective strategies can optimize inventory control and enhance overall efficiency. This article outlines key aspects of retail inventory management and future trends shaping the industry.

Inventory 52

Inventory Supply Chain Efficiency Management Real-time Visibility 52

Supply Chain Dive

JULY 18, 2024

The nearly $8 million in funds will be used to improve container visibility, truck appointment integrations, emissions reporting and more.

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Skill Dynamics

JULY 18, 2024

Are you struggling to keep a consistent team? Or finding skills shortages amongst staff as key talent leaves? Employee retention is an inevitable issue, however having a strategy for retaining your top talent can ensure your very best employees feel valued enough to stay. As the world of work shifts further towards remote and virtual environments, businesses need to offer flexibility to try and compete.

Leadership 52

Leadership Import Strategy Supply chain 52

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

Logistics