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

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The Role of Procure-to-Pay Software in Today’s Business

ProcurePort

Efficiency and Accountability Boost: P2P is critical software that automates procurement, reducing mistakes and speeding up decision-making by removing manual inefficiencies. -Real-time visibility, data analytics, and integration with emerging technologies enhance efficiency, cost savings, and financial control, fostering transparency and accountability across procurement operations.

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Procurement Leaders: It's Time to Keep Shining

Supply Chain Brain

C-suite and senior executive leaders have grown to rely on procurement to weigh in on board-level topics — and now they’re craving more insight.

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Why You Should Hire Older Individuals to Work In Procurement

Una

Why You Should Hire Older Individuals to Work in Procurement Learn why it makes sense to hire older individuals to work in procurement and take advantage of their talent and experience. By Hugo Britt | December 5, 2023 Search Search In this article, we’ll cover why it makes sense to bring experienced, seasoned individuals into the world of procurement, regardless of the number of candles on their birthday cake.

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What Is Three-Way Matching & Why Is It Important?

ProcurePort

Three-Way Matching Overview – Three-way matching involves comparing purchase orders, invoices, and receiving reports to ensure accuracy in quantities, prices, and terms. – It is a critical financial control mechanism that detects errors, prevents fraud, fosters vendor relationships, ensures regulatory compliance, and contributes to cost control and budgeting.

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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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For Practitioners Only – How Have You Used Your Data To Improve Your Procurement Outcomes?

Procurement Insights

EDITOR’S NOTE: Here is an excerpt from my response to a LinkedIn post that was championing the importance of data. Data Management as easy as 1,2,3 Does anyone in this discussion stream believe that eating right, getting regular exercise, and at least 8 hours of sleep AREN’T good for you? I went through the list of the 100 people who reacted to this post, and while there are certainly practitioners, an equal number of providers are giving their thumbs up.

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HR Tech Entrepreneur Gergo Vari: AI’s Impact on Future Supply Chain Jobs

All Things Supply Chain

Artificial intelligence (AI) in the workforce has significantly changed several industries. One of the sectors facing a major transformation is supply chain management.

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‘We need everyone on this journey’: How PepsiCo is reducing water use in its supply chain

Supply Chain Dive

The beverage giant is focused on efficiency in its operations and working with communities, Pepsi’s senior director overseeing water strategy told Supply Chain Dive.

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Get your IT team battle-ready for the next holiday rush 

IBM Supply Chain Blog

Last year, almost 200 million people shopped on Black Friday. Online alone, they spent more than $9 billion. This holiday season, shoppers are ready to shop again and they’re prepared to spend even more. Are your IT systems ready to handle any spikes and keep everyone jolly? Or are you worried that incidents—finicky apps, slow page loads or even downtime— might ruin the holiday spirit along with your bottom line?

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Optimizing the Supply Chain for Improved Productivity During the Busiest Time of Year

All Things Supply Chain

The holiday season is here, and businesses are working to provide the best customer experience through optimizing their supply chains.

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Maximizing Return on Innovation Investment: 6 Ingredients for Success

SCMR (Supply Chain Management Review)

Learning these six ingredients for delivering innovation from invention serve as a compass for organizations navigating this dynamic market and striving to maximize return on innovation investment.

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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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How Apparel and Retail Companies Are Implementing Intelligent Returns

Supply Chain Brain

With the help of data analysis and intelligent systems, companies are able to more efficiently manage product returns, repairs, recycling and other processes

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Reskilling your workforce in the time of AI

IBM Supply Chain Blog

As the adoption of AI and other technologies continues to expand, it will transform how we perform work with the potential to disrupt 83 million jobs globally and create 69 million new roles by 2025, according to the World Economic Forum. Like other groundbreaking technologies before it, the evolution of AI will create opportunities for new industries, new jobs and new approaches to existing ones.

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Teamsters threaten UPS strike in Louisville after layoffs

Supply Chain Dive

The union's leader gave the delivery giant until Monday to rectify the situation impacting a subset of workers at a package sortation hub.

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Maintaining Cybersecurity in a Growing Digital Supply Chain

SCMR (Supply Chain Management Review)

Complex digital supply chains spanning multiple countries and continents offer invaluable flexibility and cost efficiencies, but also growing cybersecurity risks.

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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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Transforming Supply Chains for the World’s Largest Retailers

Supply Chain Brain

Retailers that embark on supply chain transformation are well-positioned to confront challenges and stay competitive in a rapidly changing marketplace.

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How financial institutions can deliver value from investment in digital operational resilience

IBM Supply Chain Blog

The Digital Operational Resilience Act (DORA) is a landmark piece of legislation in the European Union (EU) that is designed to help fortify the operational resilience of the financial sector, making it fit for purpose in the digital age. DORA has several objectives, including to comprehensively address information and communications technology (ICT) risk management in the financial services sector and harmonize the ICT risk management regulations that already exist in individual EU member state

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Nestlé, Kraft defeat egg producers in price-fixing case

Supply Chain Dive

An Illinois federal jury found Cal-Maine and other egg giants liable for limiting the supply of the protein in 2004-2008 in an effort to drive up costs. Damages are set to be awarded to companies such as Nestlé, Kraft and Kellogg.

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Will the world fiddle while Bangladesh burns?

Art of Procurement

On November 7th, a minimum wage increase was announced for ready-made garment factory workers in Bangladesh. The increase took workers. The post Will the world fiddle while Bangladesh burns? appeared first on Art of Procurement.

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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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Warehousing and Storage Most Stressful Industry in U.S., Report Finds

Supply Chain Brain

Ninety-three percent of the workers in the warehousing/storage industry reported they were paid hourly while an additional 12% said they had to take on another job.

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Retailers can tap into generative AI to enhance support for customers and employees

IBM Supply Chain Blog

As the retail industry witnesses a shift towards a more digital, on-demand consumer base, AI is becoming the secret weapon for retailers to better understand and cater to this evolving consumer behavior. With the rise of highly personalized online shopping, direct-to-consumer models, and delivery services, generative AI can help retailers further unlock a host of benefits that can improve customer care, talent transformation and the performance of their applications.

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Sam’s Club adds 2 more distribution centers to its 2024 lineup

Supply Chain Dive

The St. Louis and Minneapolis facilities are building on the Walmart-owned retailer’s plan to advance its end-to-end supply chain capabilities.

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Safer Transportation: Linking Personality Traits to Distracted Driving

SCMR (Supply Chain Management Review)

Research has found some correlation between personality traits and distracted driving behaviors. But there is question on whether businesses can use that information to improve employee safety.

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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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Watch: Prioritizing Trucking Cybersecurity — Before It's Too Late

Supply Chain Brain

Marli Hall, director of communications and member services with the National Motor Freight Traffic Association, explains how the cybersecurity threat to trucking can be addressed before an incident occurs.

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Analyst Eye on the AI tech race

Spend Matters

Artificial intelligence (AI) has (unsurprisingly) become a bit of a buzzword in the procurement industry, causing Spend Matters to devote an entire page to the question of AI in procurement. The buzz over the general applications of generative AI (GenAI), however, threaten to obscure the other radical (albeit niche) changes that our analyst team has deemed worthy of highlighting among this year’s Future 5.

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Why Hormel is investing $200M in its supply chain

Supply Chain Dive

The three-year strategy to modernize operations includes a plan to overhaul the CPG's Barron, Wisconsin, plant to better support brands.

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Five Significant Changes Driving the Healthcare Supply Chain’s Evolution

SCMR (Supply Chain Management Review)

Healthcare supply chains have undergone rapid change as evidenced by some of the top-level findings from Gartner’s upcoming Healthcare Supply Chain Top 25 rankings.

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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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Shipping CEOs at COP28 Announce Collaboration to Decarbonize Industry

Supply Chain Brain

An “unprecedented” collaboration between global shipping lines will focus on regulatory measures needed to create the right investment conditions for shipping’s green transition.

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SpendQube: Vendor Analysis — Spend Analytics solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis we provide an overview of SpendQube and its solution for spend analytics. In today’s rapidly evolving business landscape, every organization strives to make informed choices, optimize resources and drive profitability. Usable data is vital to this decision making. For procurement practitioners, spend analytics tools are indispensable assets.

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Best Buy to offer deliveries via DoorDash

Supply Chain Dive

The partnership marks the first national consumer electronics retailer available on the DoorDash marketplace.

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Service Sector PMI Records Highest Reading In 12 Months

SCMR (Supply Chain Management Review)

November services economy activity remained in growth mode, according to the new edition of the ISM Report on Business, which was issued Tuesday by the Institute for Supply Management (ISM).

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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