Sat.Feb 18, 2023 - Fri.Feb 24, 2023

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ChatGPT in Procurement — Revolutionizing the Norm

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter ChatGPT in Procurement — Revolutionizing the Norm ChatGPT is getting popular not just in procurement but also in various industries as it assists professionals in their everyday work. However, what is it? This article will help you know what ChatGPT is.

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Digital Twins in the Warehouse: An Essential Overview

Supply Chain Brain

A digital twin is a continuously updated, virtual representation of the physical warehouse that tracks assets and inventory, orchestrates staffing and workflow, and tests future scenarios in real time to improve performance and resilience.

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Elements of a Diversified Procurement Strategy

Una

Elements of a Diversified Procurement Strategy A diversified procurement strategy will utilize both traditional and nontraditional methods of sourcing to drive cost savings and value. By Hugo Britt | February 21, 2023 Search As procurement continues to evolve, practitioners must rely on a variety of strategies to cut costs and drive value. This includes implementing aspects of a traditional procurement strategy and adding in some unconventional means to get desirable results.

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3 key considerations for the industrial sector within procurement in 2023

Procurement Heads

Decarbonisation Supply Chain Volatility Trade Protectionism Decarbonisation The Industrial sector is responsible for 40% of global energy consumption and 30% of all greenhouse gas emissions. The top of the agenda for procurement is to deliver decarbonisation, particularly through Scope 2 emissions (indirect from purchased energy) and Scope 3 emissions (indirect from purchased materials and services).

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Adapt or Perish: Safeguarding Your Fleet in an Era of Logistics Evolution

Speaker: Jeff Dickinson - Host of “The Storytelling Chronicles: Life, Lessons & Logistics with The Bodacious Cowboy" Podcast, 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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Women Leading Innovation in Africa’s Supply Chain: Why This Article is Vital

Let's Talk Supply Chain

Supply Chain in Africa has been largely male-dominated and reliant on outdated practices, negatively impacting its overall development. Despite these obstacles, some dauntless African women maintain the mindset that nothing is too difficult to achieve. They are creating innovative solutions and building teams to tackle issues affecting the development of the African continent.

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Supply Chain Weekly Wrap-Up 02/17/2023-02/23/2023

All Things Supply Chain

Uber Freight announce plans for electric trucks in California Uber Freight a subsidiary of Uber Technologies announced plans to deploy their electric trucks on select routes in California.

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The Big Interview with Chris Minter

Procurement Heads

For Procurement Heads ‘ latest Big Interview, he spoke with Will Cooke about his career and what Zurich is doing with regard to sustainability in the supply chain. How did you get into procurement? I have always been in procurement right from an internship I did at Lockheed Martin, as part of my time at university and have been in supply chain and commercial roles ever since.

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Bartering on a large scale

ABC of Procurement

Here is a story I would like to share with you from my career. This time we talk about bartering instead of direct payments. The post Bartering on a large scale first appeared on ABC of Procurement.

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The Psychological Long Tail of Supply Chain Disruption

Art of Procurement

Traditionally, procurement has been measured on their ability to generate savings and bring spend under management. That has led to. The post The Psychological Long Tail of Supply Chain Disruption appeared first on Art of Procurement.

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Ultimate 2023 Negotiation guide – A Comprehensive Overview

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Ultimate 2023 Negotiation guide — A Comprehensive Overview Negotiation is part of our everyday life. In business, negotiation allows parties to settle disputes, build stronger relationships, and create value in contracts.

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Strategic Cost Management Approaches to Unlock Growth and Increase Profitability

How can businesses gain a competitive edge in an era marked by relentless competition and economic fluctuations? The secret is mastering strategic cost management strategies. This GEP bulletin, "Strategic Cost Management Approaches to Unlock Growth and Increase Profitability," breaks this down into clear, actionable steps. Discover how these strategies can boost your enterprise's financial health, helping not only to keep up but to excel in today's market.

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CPO Spotlight: Dr Jonathan Sims

Procurement Heads

For Procurement Heads ‘ latest CPO Spotlight, he spoke with Dan Goodson about the key tenets of being a CPO, how the sector has changed during his career and what he’s most passionate about when it comes to procurement. You have a vast amount of experience, including being a Visiting Fellow at Nottingham Business School (Nottingham Trent University) and Durham University Business School as well as being an Affiliate Professor at Emlyon business school in France, what do these roles e

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How Warehouses Will Modernize in 2023

Supply Chain Brain

There’s still much to be done to enable operators to take full advantage of the immense amounts of data being collected at every moment of the day within distribution centers.

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5 Strategies For Improving Distribution Operations: An Essential Guide

SCMDOJO

Want to streamline your distribution operations? This guide provides you with all the tools you need to make significant positive changes in a few simple steps. Don’t forget to check out our best practices , tools , and a list of helpful supply chain resources on the website! The field of distribution operations is rapidly evolving with the rise of eCommerce, with fierce competition between distributors.

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US hits Russia with 200% aluminum tariff

Supply Chain Dive

The Biden administration also announced $2.7 billion in new duties on other industrial goods as the war in Ukraine passes the one-year mark.

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The Art of Consistent Perfect Order Delivery: Smart Order Fulfillment Through Orchestration

Shippers and logistics service providers are pressured to match the “Amazon effect” for fast and efficient service across multiple B2C, B2B, and D2C channels. Perfect order delivery - on-time and in-full at the lowest possible cost – is critical. However, recent surveys of supply chain stakeholders reveal that many don't have the technology necessary to achieve it.

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Financial services sector talent woes continue

Procurement Heads

The number of professionals applying for jobs in the financial services sector is down by a third year-on-year, with the gap between supply and demand worsening. That’s according to new research from the Association of Professional Staffing Companies (APSCo), the trade association for the professional recruitment sector.  The data, provided by Broadbean Technology, revealed that job applications within the sector fell by 12.5% between November 2022 and January 2023, but this decline was far more

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Tesla, GM Among Carmakers Flocking to Mining Events Amid Battery Metals Scramble

Supply Chain Brain

Top automakers including Tesla, General Motors, and Ford are heading out on the mining conference circuit as soaring demand for metals used in electric vehicles ignites a scramble to lock in long-term supplies.

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Episode 103: Seeing Opportunity Through an Executive Lens with Jeff Davis

Una

EPISODE 103 Seeing Opportunity Through an Executive Lens with Jeff Davis By Kelly Barner | February 22, 2023 Everyone wants to know what the CEO is thinking. What keeps CEOs up at night? How do they hear the messages being shared with them by different functional leaders and the market at large? This all varies by CEO and is likely to be influenced by their functional background experience, general outlook on macro conditions, and relationships with other C-level leaders.

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Does Evoking Emotion in Persuasion Work?

Negotiations Ninja

Does evoking an emotional response make your argument more persuasive? If you can create a condition where someone is more afraid of something happening, does it become easier to make a decision?

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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

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Biden Looking to Promote Clean Energy Manufacturers

Procurement Bulletin

Aldi’s Sets Up More Local Distribution As businesses begin to diversify their supply chain risks as exposed over the last few years, Aldi’s, the grocery chain, has opened a new distribution facility in Loxley, Alabama. This new facility is set to serve 100 of their stores in the Gulf Coast area. Biden Looking to Promote Clean Energy Manufacturers As ESG goals gain more focus from business executives, US President, Joe Biden, is offering a $10b tax credit for clean energy manufacturer

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Unstable Times Require Stable Supply Chain Management

Supply Chain Brain

There’s never been a better time to learn how to identify supply chain risks, gain the agility needed to deal with various supply chain scenarios, and act quickly when an issue arises.

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LA Port director expects ‘real progress’ in West Coast labor talks this spring

Supply Chain Dive

As capacity loosens at other ports, it’s possible even more shippers will take the opportunity to shift cargo to the East and Gulf Coasts.

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Why accurate, real-time location data is a must for efficient supply chain operations

SCMR (Supply Chain Management Review)

Find out how next-generation workforce management apps use accurate, real-time location data to power successful operations in this webinar with Radar CEO and Co-Founder Nick Patrick.

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Exploring the Advantages and Hurdles of Direct Store Deliveries

Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027. Download this eBook for exclusive insights into direct store deliveries, challenges, benefits, and future trends.

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What will you do tomorrow when technology does what you do today?

Spend Matters

Categories: Conferences , Sponsored Article Tags: sponsored post Technological innovation is exploding and impacting every aspect of every organization, and procurement is not immune to the challenges and opportunities it presents. The difficult question those working in the procurement industry need to ask is: what will I do tomorrow when technology can do what I am doing today?

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Watch: Gearing Up for the Warehouse of the Future

Supply Chain Brain

The best approach to introducing robots to the warehouse is to truly understand your workflow needs, says Brian Gaunt, senior director of accelerated digitalization at DHL Supply Chain.

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9 ocean carriers commit to 100% electronic bill of lading by 2030

Supply Chain Dive

The transition to eBLs is expected to save stakeholders billions of dollars.

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The key to digital supply chain transformation

SCMR (Supply Chain Management Review)

An end-to-end approach is the only way to ensure domain-specific investments complement each other and deliver transformational supply chain performance.

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Five Best Practices for Balancing Costs, Risks, and Sustainability

In the face of volatile macroeconomic conditions and other complex challenges, supply chain and procurement pros must strike a tough balance between seemingly contradictory demands: boosting performance and sustaining and extending business operations, all while meeting customers’ needs. This GEP paper provides impactful tips on how to develop a strategic procurement approach that focuses on collaboration, innovation, and sustainability.

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LevaData: Vendor Analysis — Direct materials sourcing solution overview, competitors, tech selection tips, analyst summary

Spend Matters

Categories: Cost Management , Procurement Strategy & Planning , Sourcing , Spend Analysis Tags: PRO In this Spend Matters PRO Vendor Analysis we give an update of LevaData, a solution built to support the sourcing process for direct materials. LevaData is an Al-powered supply management platform that enables customers to improve the way they launch new products and manage existing ones by allowing them to optimize for cost and risk.

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How to Identify and Overcome Supply Chain Risk in 2023

Supply Chain Brain

Lacking foresight into what 2023 will bring, businesses nevertheless have the power to identify risks in the supply chain and prepare for the coming year.

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As inflation wears on, should retailers push back on supplier costs?

Supply Chain Dive

Commodity prices have fallen from their peaks, suggesting there is room to negotiate. But there's some risk in asking vendors to lower rates.

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Target invests $100 million in supply chain

SCMR (Supply Chain Management Review)

The retailer will expand its supply chain sortation network to more than 15 facilities by the end of 2026.

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CEVA Logistics Drives Agile, Multi-Leg Inbound Flows for Tech Company

CEVA Logistics, a global leader in third-party logistics, was contracted to help a technology company manage its complex supply chain, supporting B2B, B2C, and reverse flows across multi-leg transport. CEVA leveraged Kinaxis to eliminate blind spots across supply chain activities, centralize order and logistics management, and drive cost-effective plans for order execution.