Sat.Sep 02, 2023 - Fri.Sep 08, 2023

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Spend Matters: Uniting manufacturing CFOs and procurement for margin expansion

Arkestro

As the economy teeters between a so-called ‘soft landing’ and all-out recession, an emerging consensus across C-suites has taken shape: the time to cut costs is now. Once again, all eyes are on procurement. A recent study from CreditSafe showed an eye-popping 95% of North American manufacturers plan to push for cost reductions with their suppliers in the next six to twelve months.

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7 focus areas for negotiating procurement contracts

Supply Chain Dive

Reviewing clauses and KPI disclosures can help procurement managers minimize supply chain risks.

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Trending Sources

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What will prevent AI from successfully transforming procurement efficiency and effectiveness?

Procurement Insights

In 1998, when I leveraged advanced algorithms to procure MRO products for the DND IT infrastructure, I learned something early: Algorithms are an extension of human experience and expertise multiplied. For example – and this is the crucial difference between using an agent-based versus equation-based model, I knew only by experience that the time of day an order was placed for a part significantly impacted cost and SLA performance.

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The power of supplier diversity in procurement: Driving business success through inclusion — Part 1 (Definition and Importance)

Spend Matters

In today’s diverse society, businesses have a crucial role to play in fostering equality and inclusion. However, the business world often needs to improve to reflect the true diversity of society, both within companies and in their supply chains. To bridge this gap, organizations are increasingly embracing the concept of supplier diversity in their procurement processes.

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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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Do you agree with this view of procurement?

Procurement Insights

“But many purchasing managers’ skills and outlooks were formed 20 years ago in an era of relative stability, and they haven’t changed. Now, however, no company can allow purchasing to lag behind other departments in acknowledging and adjusting to worldwide environmental and economic changes. Such an attitude is not only obsolete but also costly.” In what way does procurement have to change or evolve?

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Supply Chain Weekly Wrap-Up 09/01/2023-09/07/2023

All Things Supply Chain

First American Uranium Reports on New Mexico’s Past Uranium Mining First American Uranium is highlighting the historical uranium production in New Mexico, particularly in the Grants district, where the company’s…

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China State Media Declares Huawei Phone a Victory in U.S. Tech War

Supply Chain Brain

Speculation swirled that the device achieved 5G capabilities, which would make it the first such handset since the Shenzhen-based electronics firm lost access to advanced chipmaking technologies in 2020.

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Mainframe and the cloud? It’s easy with open source

IBM Supply Chain Blog

This is part four in a five-part series on mainframe modernization. The secret to mainstreaming the mainframe into today’s modern, cloud-centric IT environments is to make the experience of working with the mainframe like the experience of working off the mainframe—especially the developer experience (DX). Historically, working on the mainframe was an entirely different experience from the distributed world.

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Niger Coup Heightens Worries Over France’s Uranium Reliance

All Things Supply Chain

In the Sahel region of Africa, political instability and corruption has run rife since decolonisation from European nations. Arbitrary borders were drawn without the consideration of who they will affect.

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Dollar General names new supply chain lead

Supply Chain Dive

Former SVP of distribution Rod West will lead the discount retailer’s distribution center operations and private fleet, as well as the company’s supply chain modernization.

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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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Strategic Responses to Supply Chain Trends

Supply Chain Brain

Companies are always going to face the unexpected and unpredictable. The hard part is knowing how to prepare for these supply chain trends strategically.

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Generative AI: Meet your partner in customer service

IBM Supply Chain Blog

Brands that deliver an excellent customer experience (CX) will always be more resilient than those that don’t. Giving our customers personalized support at every stage of their journey is proven to earn their longtime loyalty—and keep them from switching to a competitor. The challenge, however, is that many teams operate in siloes that inhibit them from applying their customer insights in meaningful ways.

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Reliable Middle Mile for the Unreliable World

SCMR (Supply Chain Management Review)

Transportation planning for the furniture and home goods industry presents a complex puzzle, and traditional planning methods often fail to account for the inherent randomness and variation in real-world operations.

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Joann eyes $60M in product cost savings as suppliers offer concessions

Supply Chain Dive

The craft retailer thinks it can cut $200 million in business costs, the bulk of that coming from its supply chain as inflation eases.

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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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Watch: Driving Sustainability From the Root of the Supply Chain

Supply Chain Brain

There are multiple trends driving sustainability in the supply chain right now, says Frank Clary, vice president for sustainability at multi-business operator and investor Agility.

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Data is essential: Building an effective generative AI marketing strategy

IBM Supply Chain Blog

Generative AI is powering a new world of creative, customized communications, allowing marketing teams to deliver greater personalization at scale and meet today’s high customer expectations. The potential of this powerful new tool spans the entire end-to-end marketing process, from internal communications and productivity to customer-facing channels and product support.

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Hiring Freelance Buyers: A Comprehensive Guide For Businesses

Procurement Freelancers

In the fast-paced business landscape, organisations are seeking ways to thrive and adapt. One of… The post Hiring Freelance Buyers: A Comprehensive Guide For Businesses first appeared on Procurement Blog | Procurement & Supply Chain News.

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Hormel lowers outlook amid challenging pork and turkey backdrop

Supply Chain Dive

Weak prices offset sales volume growth in the third quarter as the food processor struggled with supply chain issues that resulted in a hefty arbitration payment.

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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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OEMs Confident They Can Overcome Supply Chain Issues

Supply Chain Brain

Almost two-thirds of senior automotive executives say they cut their backlogged orders by 61% while another 34% expect to reduce their backlogs over the next 12 months.

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What is the vulnerability management process?

IBM Supply Chain Blog

Modern enterprise networks are vast systems of remote and on-premises endpoints, locally installed software, cloud apps , and third-party services. Every one of these assets plays a vital role in business operations—and any of them could contain vulnerabilities that threat actors can use to sow chaos. Organizations rely on the vulnerability management process to head off these cyberthreats before they strike.

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Elevating the Last Mile: Transformative Trends and Customer-Centric Evolution in E-commerce

SCMR (Supply Chain Management Review)

The proliferation of e-commerce and the imperative for an omnichannel fulfillment experience has culminated in the advancement of the final mile. But even that is now being disrupted by technology that puts the customer front and center in the supply chain.

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Crate and Barrel to ramp up supply chain investment

Supply Chain Dive

The retailer's “Bring it Home” plan seeks to improve inventory optimization, demand forecasting and delivery speeds.

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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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OOCL Announces Exclusive Partnership with Stenn

Supply Chain Brain

OOCL Logistics customers will be able to apply for financing through the PODIUM platform, meaning suppliers can now receive funding less than 72 hours after shipping out a product.

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Harnessing AI and data analytics can make clean energy more viable

IBM Supply Chain Blog

The effects of climate change grow more tangible by the day. As a result, the electric power industry is hastening efforts to reduce environmental impact. To do so, they need help to get a clearer picture of where they fall on the emissions reduction roadmap, and to better understand their opportunities for improvement. This is where harnessing artificial intelligence (AI) and data analytics can help.

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Transform your forecasting to drive demand and supply efficiencies with AI

SCMR (Supply Chain Management Review)

Download this new white paper for a deep dive into the role of demand forecasting and artificial intelligence (AI) to gain a better understanding of the problems associated with each aspect of the supply chain journey and — crucially — the ways teams can leverage AI to overcome them.

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Can New England produce 30% of its food supply by 2030?

Supply Chain Dive

Regional distributors are paving the way for local resilience, but farmers and fishermen will need more support to compete against global food production supply chains.

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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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U.S. Offering $12B to Automakers and Suppliers for Advanced Vehicles

Supply Chain Brain

About $2 billion in grants for advanced vehicles will come from the Inflation Reduction Act while another $10 billion will be provided by the Energy Department’s Loans Program Office.

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Nerves of U.S. Steel

Art of Procurement

“You can’t unscramble eggs.” – J.P. Morgan U.S. Steel was formed in 1901 when J.P. Morgan financed the merger of. The post Nerves of U.S. Steel appeared first on Art of Procurement.

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Elevate Supply Chain Workflow Productivity with Zebra & Qualcomm’s Enterprise Mobile Devices

SCMR (Supply Chain Management Review)

In this webinar, Zebra and Qualcomm will discuss how their collaboration helps build impactful solutions and new innovative ways of addressing operational challenges across Manufacturing, Warehousing, and Logistics industries.

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Flexport CEO Dave Clark resigns, founder Ryan Petersen takes over

Supply Chain Dive

In a statement Wednesday, Clark said Petersen is best suited to lead the company as it shifts its focus back to "growth in the core freight business.

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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