Sat.Oct 28, 2023 - Fri.Nov 03, 2023

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What is Procurement Sourcing?

ProcurePort

Procurement Sourcing Overview: Procurement sourcing is finding and choosing suppliers to get things an organization needs. It involves identifying, evaluating, negotiating, selecting, managing contracts, and maintaining supplier relationships. Importance and Strategies: Good procurement sourcing saves money, ensures quality, reduces risk, and allows for innovation.

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A Direct and Indirect Procurement Decoupling? My Response To A Great Post By Jason Busch.

Procurement Insights

Direct and indirect procurement have never looked more different. And I expect a decoupling of the two areas in 2024. I see a decoupling of direct and indirect on the horizon based on the evidence at hand — at least in the near term. – Jason Busch, LinkedIn Post (October 27th, 2023) My thoughts on the above. Great post, as usual, Jason Busch !

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Trending Sources

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Webinar — The future five and the future of procurement

Spend Matters

Tomorrow October 31, 11:00 a.m. EST, the Spend Matters analyst team will host a webinar ‘ Shaping the Future of Procurement : An Inside Look at the 10th Annual Spend Matters 50/50 Lists.’ Compiling these lists has been tricky, but now the team can treat all attendees with a glimpse of how the future of procurement is shaping up. A major focus will be on the methodology behind how the analysts determine which companies are worth watching and knowing.

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CobbleStone Software: Vendor Analysis — Sourcing, contract lifecycle management and e-procurement solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of CobbleStone Software and its sourcing, contract lifecycle management (CLM) and e-procurement solution. CobbleStone is best known for its end-to-end CLM for legal, procurement, sales and risk teams. Its AI system, VIDSOM®, is present throughout its modules. CobbleStone is a no-code solution that over 1,000 companies have chosen in its 25+ years.

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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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The 10 Most Needed Positions in the Global Supply Chain Today

All Things Supply Chain

The global supply chain is facing a labor shortage that has slowed down manufacturing and shipping times. As a result, prices continue to rise and economic stagnation has gotten worse.

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Key Features of Online Reverse Auction Software

ProcurePort

Cost savings and increased competition through real-time bidding and transparent processes. Streamlined procurement, improved supplier relationships, and data-driven decision-making for more efficient and effective sourcing. In today’s digital age, businesses are constantly seeking innovative ways to optimize their procurement processes. Online reverse auctions have emerged as a powerful tool in this regard.

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More Trending

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FedEx makes progress with AI to sharpen delivery time estimates

Supply Chain Dive

The logistics giant’s “deep learning models” incorporate weather and traffic conditions for more accurate projections, CEO Raj Subramaniam said at a CNBC event.

Logistics 131
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Coca-Cola’s Project Last Mile

Art of Procurement

“Coke is everywhere. In fact, when I travel to the developing world, Coke feels ubiquitous. […] If we can understand. The post Coca-Cola’s Project Last Mile appeared first on Art of Procurement.

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What is the Competitive Advantage of Your Business?

ProcurePort

Competitive advantage is what sets your business apart from competitors and can take various forms, including cost leadership, differentiation, focus, innovation, and service excellence. Effective procurement practices play a vital role in gaining a competitive advantage by reducing costs, sourcing unique materials, focusing on niche markets, driving innovation, and building strong supplier relationships.

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Corporate Budgets Are Tightening. Where’s Supply Chain Spending Going Today?

Supply Chain Brain

With near-term consumer demand uncertain, and high interest rates likely to continue for some time, corporate belts are tightening. So what are companies spending money on today?

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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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How cities may decarbonize delivery in the era of online orders

Supply Chain Dive

A new action guide by the National League of Cities points to emerging policies and technologies to combat increasing air pollution, greenhouse gas emissions and traffic congestion.

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Rethinking Logistics: The Future is Phygital

SCMR (Supply Chain Management Review)

Meeting the demands of a modern supply chain requires the integration of physical and digital strategies to enhance efficiency, cost flexibility, and sustainability, in other words, a phygital approach.

Logistics 110
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Top Trends in Procurement Services Likely to Become Popular in 2024

Procurement Freelancers

The field of procurement is evolving at a fast pace as we approach the new… The post Top Trends in Procurement Services Likely to Become Popular in 2024 first appeared on Procurement Blog | Procurement & Supply Chain News.

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A Blind Spot in Shipping: The Unseen Environmental Cost

Supply Chain Brain

When consumers are informed about the carbon cost of shipping and the environmental impact of their choices, they are empowered to make decisions that align with their values.

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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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How to incorporate ESG in your company’s value chain

Supply Chain Dive

With attention to companies’ environmental and social impacts on the rise, fully incorporating your value chain into your company’s ESG strategy can provide significant benefits.

Strategy 110
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Accenture Makes 2 Deals, Acquiring Reverse Logistics, Procurement Firms

SCMR (Supply Chain Management Review)

Accenture has made two acquisition announcements this week, announcing the intention to acquire procurement firm The Shelby Group and reverse logistics specialists OnProcess Technology.

Logistics 101
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Spend Matters Future 5 2023 – Why we chose Mithra.Ai

Spend Matters

Spend Matters is delighted to announce the 2023 roster for our ‘Future 5’ list. For the fifth year in a row, our analysts have highlighted five start-ups that excite them the most. This year, the five companies that have proven themselves as potential future trend setters are akirolabs, Calculum, dSilo, Mithra and ORO Labs. To warrant such attention, these vendors must have a product that is ideally 2 to 5 years old, is used by more than five customers and displays an innovative appl

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Plastic in Logistics: Friend or Foe?

Supply Chain Brain

The role of plastic in logistics cannot be boiled down to "friend or foe." Instead, plastic should be seen as a dynamic material that requires continuous evaluation and improvement.

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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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Ground parcel delivery costs fall as carriers offer up discounts

Supply Chain Dive

The pricing environment has shifted in favor of shippers with demand cooling off, according to the TD Cowen/AFS Freight Index.

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The Polluters in the Mirror: Will Reporting Scope 3 Emissions Save the World?

SCMR (Supply Chain Management Review)

As regulations around reporting Scope 3 supply chain emissions ramp up, questions on whether it is possible to accurately measure them, and whether it will even change behavior, have emerged.

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Brooklyn Solutions: Vendor Analysis 2023 Addendum

Spend Matters

This addendum to the Spend Matters Vendor Analysis for Brooklyn Solutions (the new name of Brooklyn Vendor Assurance that we covered in 2021) focuses on the main changes at company and product levels. The supplier management solution (SxM) also offers considerable contract management depth due to its historical and unchanged focus on post-contract activities.

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Outlooks in Logistics Management: How to Create Resilient Supply Chains in 2023

Supply Chain Brain

To navigate the year ahead, firms should act now to build policies, implement processes, and partner with third-party experts to create sustainable supply chain logistics and improved data processes.

Logistics 111
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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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Microsoft adds AI-enabled demand planning features to supply chain tools

Supply Chain Dive

The tech company deployed the features to its Dynamics 365 Supply Chain Center product in a bid to help customers reduce inventory and increase working capital.

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B2B omnichannel network design and inventory positioning

SCMR (Supply Chain Management Review)

The B2B foodservice distribution industry faces challenges in redesigning supply chain networks to accommodate increased complexity and flexibility without radically inflating costs.

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Spend Matters Future 5 2023 – Introducing Mithra

Spend Matters

The procurement technology market is evolving rapidly and deploying the latest power that innovation can bring to support the changing and challenging needs of its customers. In an ever-crowded space it’s hard for those who rely on these platforms and systems to keep ahead of the latest developments. For that reason, Spend Matters analysts make it their mission to scour the market to find those new solution providers that can fulfil a very specialist role to fulfill the procurement needs of toda

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The Supply Chain Disruption Survival Guide

Supply Chain Brain

This report delves into the crucial relationship between last mile delivery solutions and preparedness for potential supply chain disruptions, notably major carrier strikes.

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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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Walmart opens third ‘next gen’ fulfillment center in Texas

Supply Chain Dive

The 1.5 million square-foot facility in Lancaster, Texas will enable faster delivery as the retailer prepares for the holiday season.

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Shifting Strategies to Combat Rising Freight Costs

SCMR (Supply Chain Management Review)

An overreliance on mini-bids to keep freight costs down has become detrimental to the shipper/carrier relationship and fails to produce the expected cost savings.

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Episode 139: Speaking the Language of Non-Verbal Communication with Laura Scarfe

Una

EPISODE 139 Speaking the Language of Non-Verbal Communication with Laura Scarfe By Kelly Barner | November 1, 2023 As human beings, being able to read and use non-verbal cues can determine the outcome of a situation, keeping us safe or strengthening the bonds we build with those around us. For procurement professionals in particular, being aware of non-verbal communication is absolutely essential, especially in situations of high intensity or where first impressions make the difference in measur

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Over 75% of Companies Consider Using Tech to Improve Product Development

Supply Chain Brain

Responders raised concerns about workforce productivity with 62% of interviewees claiming they are training existing staffers in order to enhance their skills and productivity.

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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