Sat.Jul 15, 2023 - Fri.Jul 21, 2023

article thumbnail

Choosing a Contract Management Tool

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Choosing a Contract Management Tool Choosing a contract management tool is crucial for your business as you need to select what suits your company the best. However, what are the factors that you need to consider when choosing one?

article thumbnail

Five Ways That Analytics Help Insulate Against Volatility

Supply Chain Brain

Leveraging analytics software with supply chain data helps shippers predict freight market trends, lower operating costs, negotiate rates more effectively and respond to disruption quickly.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Latest research: High-velocity procurement

Procurement Leaders

In partnership with Tradeshift: Making the right move before anyone else can deliver significant business benefits.

article thumbnail

Procurement Costs Increase, But Top Performers See Increased Advantage

SCMR (Supply Chain Management Review)

New research from The Hackett Group found that top-performing procurement organizations spend 21% less on operations than their peers.

article thumbnail

Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.

article thumbnail

Inflation is Inflicting Pain on Supply Chains. Here’s How to Ease It.

Supply Chain Brain

As inflation lingers, the tough times for the freight industry are likely to continue. But shippers and carriers have the power to combat rising costs.

article thumbnail

Supply Chain Weekly Wrap-Up 07/14/2023-07/20/2023

All Things Supply Chain

Mercedes-Benz incorporates ChatGPT in Supply Chain Mercedes-Benz plans to integrate OpenAI’s ChatGPT technology into its manufacturing processes and vehicles.

More Trending

article thumbnail

CPO SPOTLIGHT: STEPHEN DAY

Procurement Heads

For our latest CPO Spotlight, Stephen spoke with Sagar Bhardwaj , Head of Practice – Consumer, about what has changed for him professionally since he last spoke with Procurement Heads. How much has changed for you professionally since your last Head2Head with us? Our organisation is up and running, we have Category Managers, and we have regional teams.

article thumbnail

Wheat Prices Continue to Rise Following Russia's Threats on Ukraine-Bound Ships

Supply Chain Brain

Wheat prices grew by 8.2% on the European stock exchange from July 18 to July 19 while U.S. wheat futures rose by 8.5%.

Price 98
article thumbnail

OnTrac expands into major Texas markets

Supply Chain Dive

The parcel carrier's growing delivery network can now reach 80% of the U.S. population.

article thumbnail

Global Concrete Product Suppliers – Industry Outlook, Facts and Figures, Trends, Pricing, and Reviews

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter Global Concrete Product Suppliers — Industry Outlook, Facts and Figures, Trends, Pricing, and Reviews Industry Outlook The concrete product industry is a major contributor to the global economy, with a market value of over $350 billion in 2022.

Price 193
article thumbnail

How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

article thumbnail

Productiv: Vendor Analysis — SaaS buying and management solution overview, roadmap, competitors, tech selection tips, analyst insights

Spend Matters

This Spend Matters Insider vendor analysis provides an overview of Productiv and its SaaS procurement and management solution. Managing applications and procuring SaaS manually can cause critical pain points, such as siloed systems and poor alignment across stakeholders. Procurement, Finance and IT teams often lack a single source of truth, relying instead on spreadsheets, documents and contracts scattered across various platforms.

article thumbnail

Contract Negotiations Set to Resume Between UPS and Teamsters Next Week

Supply Chain Brain

UPS said that it is pleased to be continuing contract negotiations and that it's prepared to meet some of the union’s demands for better pay and more benefits.

article thumbnail

UPS, Teamsters to resume contract negotiations next week

Supply Chain Dive

A return to the bargaining table is welcome news for shippers, as the union says it will strike Aug. 1 if a tentative deal isn't reached.

article thumbnail

US Stone Supplier – Industry and Applications, Benefits, Types, Pricing, and Reviews

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter US Stone Supplier — Industry and Applications, Benefits, Types, Pricing, and Reviews US Stone Industry and Applications The US stone industry is a major economic driver generating billions of dollars in revenue each year and employing hundreds of thousands of people.

Price 186
article thumbnail

A Roadmap For Modernization: How To Break Free From Your Monolith Before July 31, 2026

Speaker: Jason Cottrell and Gireesh Sahukar

Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.

article thumbnail

Importance of Contract Management in Achieving Value for Money in the Procurement System

SCMDOJO

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues. In this guide, we will explore the key benefits and importance of contract management in procurement and provide insights on how to implement effective practices.

article thumbnail

Maersk Breaks Ground on Atlanta-Based Air Cargo Hub

Supply Chain Brain

The new location offers direct planeside recovery, immediate unit load device (ULD) transfers to the facility and reduced processing fees.

98
article thumbnail

Canada West Coast port longshore workers resume strike

Supply Chain Dive

Maritime employers had already ratified a deal when an ILWU Canada division rejected it, leading longshore workers to again walk off the job on Tuesday.

98
article thumbnail

Should You Form an LLC for Online Dropshipping Business? – All you Need to Know

Procurement Tactics

 Menu Course Library 1. Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5. Junior Procurement Management Kickstart your career and become a procurement expert Access To All Unlimited access to all courses & templates Platform F

article thumbnail

State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

article thumbnail

Analyst Eye on travel and expense management tool innovation since the coronavirus pandemic

Spend Matters

Every week, Spend Matters analysts turn their eye toward the procurement tech trends they observe in the marketplace. This week, Meena Ibrahim discusses her specialist area of expense management and how it has evolved for the post-pandemic world. According to an industry poll by Global Business Travel Association , business travel has jumped back to 63% of pre-pandemic travel levels and is expected to continue to grow.

article thumbnail

Strikes Resume at Canadian Ports After ILWU Rejects Tentative Deal

Supply Chain Brain

ILWU Canada said that it did not believe the recommendations proposed by mediators would sufficiently protect port workers’ jobs now or in the future.

98
article thumbnail

Are supply chains ready for nearshoring?

Supply Chain Dive

As companies consider realistic options for diversifying their supply chains, one Supply Chain Dive panelist asked if partners are ready to respond to new changes.

article thumbnail

Warehouse Management — Everything About Supply Chain

Procurement Tactics

 Menu Course Library 1. Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5. Junior Procurement Management Kickstart your career and become a procurement expert Access To All Unlimited access to all courses & templates Platform F

article thumbnail

How Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform

Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.

article thumbnail

Blue Burro Technology (DraftOnce solution): Vendor Analysis — Procurement document drafting solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of DraftOnce, a contract drafting solution by Blue Burro Technology. Unlike traditional contract lifecycle management (CLM) solutions, DraftOnce does not focus on the full contract lifecycle. Its sole purpose is document preparation (specifically procurement contracts). As it is not a full CLM solution, DraftOnce can complement existing CLM systems or, depending on an organization’s needs, replace them outright.

article thumbnail

TSMC Postpones Starting Production at Its Arizona Factory

Supply Chain Brain

The organization said that it will not be able to begin manufacturing chips in 2024, as originally planned, due to a skilled worker shortage.

98
article thumbnail

General Mills adds warehouse automation to streamline supply chain

Supply Chain Dive

The company implemented warehouse automation in four locations and has "other projects in the works,” a spokesperson said.

article thumbnail

Supplier Order Management Software – Everything You Should Know

Procurement Tactics

 Menu Course Library 1. Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5. Junior Procurement Management Kickstart your career and become a procurement expert Access To All Unlimited access to all courses & templates Platform F

article thumbnail

Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains

Speaker: Ethan Woolley, Director at Kharon

This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration. Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen complia

article thumbnail

Every Body’s Talking: Learning to Interpret Body Language

Positive Purchasing

The Fact Is We All Negotiate Whether it’s with our partner, our parents, children, friends, suppliers, customers or even our colleagues, when we want somebody to do something, we may well need to persuade them. And this is very much what negotiation is – persuading somebody else to either see something our way, or to do something that we want.

article thumbnail

Tesla Looking to Make Its German Plant Europe’s Biggest Car Factory

Supply Chain Brain

If Germany approves the expansion plans, Tesla’s gigafactory will be able to increase its battery storage capacity to 100 gigawatt hours per year from 50 gigawatt hours currently.

98
article thumbnail

How Canada’s West Coast port labor negotiations unfolded: a timeline

Supply Chain Dive

Months of talks led to a nearly two-week strike and cargo standstill, but concluded after a settlement was proposed by government mediators.

article thumbnail

SupplyChainBrain: Will AI Drive the Next Wave of Supply Disruptions?

Arkestro

All Case Studies Whitepapers Webinars Videos Press Blog Featured News Dover Chemical Corporation Leverages Arkestro to Streamline Procurement, Increase Cost Efficiency read more Koch Engineered Solutions Achieves Procurement and Supply Chain Success with Arkestro read more In The News SupplyChainBrain: Will AI Drive the Next Wave of Supply Disruptions?

article thumbnail

From Rigid To Resilient: Why Enterprises Need Modular Commerce Now

Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón

Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.