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

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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?

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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.

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Latest research: High-velocity procurement

Procurement Leaders

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

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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.

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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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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.

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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.

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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.

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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?

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Zarrin Lilani on How Women Lead in Supply Chain

Let's Talk Supply Chain

Zarrin Lilani on How Women Lead in Supply Chain At Let’s Talk Supply Chain, we’re passionate about closing the gender gap to expand innovation through diversity. Making this hard dichotomy shift isn’t just about good business ethics either. It’s a business investment in an industry that’s anything but predictable. Research shows that women in supply chain empower more curiosity and agility—empowering breakthrough business outcomes at organizations across the globe—these are the women whose stori

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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.

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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

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.

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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.

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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.

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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.

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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.

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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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As EV production ramps up, semiconductor supply chain concerns grow

SCMR (Supply Chain Management Review)

As more automakers ramp up electric vehicle production, the chips needed to operate them are growing in demand. But that is putting new pressures on the supply chains needed to produce these specialized chips.

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The Role of Supplier Auditors: Ensuring Quality and Compliance

Procurement Freelancers

The role of supplier auditors is to ensure quality and compliance. By scrutinizing suppliers’ processes,… The post The Role of Supplier Auditors: Ensuring Quality and Compliance first appeared on Procurement Blog | Procurement & Supply Chain News.

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How the U.S. and EU Hope to Loosen Asia’s Grip on the Global Semiconductor Market

Supply Chain Brain

The U.S. and Europe will need to stimulate more innovation and reward manufacturers if they hope to loosen Asia's grip on the global semiconductor market.

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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

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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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NVIDIA Wants Another Part of the Chip Pie

Procurement Bulletin

Renewable Energy Will Generate a Third of World’s Electricity by 2030 As the OG companies of O&G (oil & gas) clamber to get into renewable energy, a new report by non-profit Rocky Mountain Institute (RMI) finds that one third of the world’s electricity will be powered by wind and solar by 2030 (that’s very soon for the math challenged).

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How P&G stays on top of its game

SCMR (Supply Chain Management Review)

P&G has transformed its supply chain in the past 10 years, and it continues to be among the world’s most successful supply chains. Fares Sayegh has been there through it all and explains how it happened.

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Teamsters Union Threatening Strike Against Yellow Corp.

Supply Chain Brain

The union said that a board overseeing the Teamsters' pension and welfare funds will suspend benefits starting July 23 unless Yellow Corp. makes the payments it missed July 15.

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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

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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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.

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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.

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United, Pilots Agree in Principle to New Labor Deal

Supply Chain Brain

The deal will help ease pressure on United, which has come under criticism after a series of delays and cancellations to flights, even as it experiences soaring demand.

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The Fashion Supply Chain, by Design

SCMR (Supply Chain Management Review)

Listen as Rosemary Coates and Danielle Malconian, owner of Vikki Vi Apparel and CEO of Plus By Design, discuss the world of apparel and fashion. Rosemary Coates, executive director of the Reshoring Institute, hosts this episode of The Frictionless Supply Chain.

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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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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.

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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.

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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.

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Supply Chains Need to Adjust Now to New Global Factors

SCMR (Supply Chain Management Review)

The environment for supply chains has changed. Companies need to redesign their operations now to be trusted and reliable sources for their customers.

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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