Sat.Dec 09, 2023 - Fri.Dec 15, 2023

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Procurement leaders face lack of talent to meet future needs: report

Supply Chain Dive

The profession has growing needs for data and technology as well as general business skills, according to a recent survey by Gartner.

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What Does “Getting To We” Really Mean?

Procurement Insights

EDITOR’S NOTE: Today’s article was inspired by a LinkedIn post by Kate Vitasek. “Value isn’t just about exchange—it’s about creation.” “Through shared goals, you work together, investing in each other’s success and creating value that elevates everyone involved.” – Kate Vitasek The above two statements should resonate far and wide with anyone and everyone, Kate Vitasek , starting with the sales process.

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Your 2024 Procurement Career Tune-Up

Una

Your 2024 Procurement Career Tune-Up As we leap into the shiny unknown of next year, let’s revamp your professional journey and and explore a procurement career tune-up. By Hugo Britt | December 12, 2023 Search Search As we dust off the remnants of 2023 and leap into the shiny unknown of 2024, it’s time to give your procurement career a tune-up.

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How to build a successful procurement strategy

IBM Supply Chain Blog

The role of procurement extends beyond transactional activities. A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations.

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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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Types of Procurement Reports: Definition & Benefits

SCMDOJO

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process. From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance.

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Is Technology Ready To Stem The Tide Of Supply Chain Health And Safety Hazards?

All Things Supply Chain

The US supply chain underwent huge changes as a result of Covid-19 pandemic and it has never fully recovered.

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Reading FedEx Ground the RICO Act

Art of Procurement

The Racketeer Influenced and Corrupt Organizations Act, better known as RICO, is usually associated with organized crime. In 1992, it. The post Reading FedEx Ground the RICO Act appeared first on Art of Procurement.

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6 reasons why global supply chains are shifting

Supply Chain Dive

A desire to reduce costs, lead times, political risk and emissions are just some of the reasons behind onshoring, nearshoring and friendshoring decisions.

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Rethinking Strategy for a Circular World

SCMR (Supply Chain Management Review)

Companies at the forefront of the circularity shift have begun identifying and investing in the new structures and processes required to replace linear business models. As these new market dynamics develop, industries will be able to go circular at a faster pace.

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Maximizing the Advantages of a Purchase Order Approval Process

ProcurePort

Understanding the Purchase Order Approval Process At its core, a Purchase Order (PO) Approval Process is a structured workflow that organizations follow to authorize and monitor the procurement of goods and services. It typically involves several stages, including the initiation of a purchase request, creation and submission of a purchase order, and final approval from […] The post Maximizing the Advantages of a Purchase Order Approval Process appeared first on ProcurePort Blog.

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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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Four Key Predictions for Cybersecurity Vulnerability Teams in 2024

Supply Chain Brain

Organizations that embrace and invest in vulnerability prioritization and remediation, and utilize an asset-centric approach, will be better positioned to navigate the ever-changing threat landscape.

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As manufacturers turn away from China, Vietnam lures investment

Supply Chain Dive

The country is home to a growing number of factories thanks to its increased use of free trade agreements, tax incentives and competitive labor costs.

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Transfer Orders: Simplifying Warehouse Operations in Ecommerce

Finale Inventory

A transfer order arriving at a warehouse. For those managing ecommerce warehouses, optimizing operations is vital for maintaining customer satisfaction and driving profitability. Finale’s transfer orders stand out as an important tool in this initiative. Let’s explore the role of transfer orders, demonstrating how they can significantly streamline your warehouse processes.

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Expect Weak Dry Van Truckload Pricing Conditions to Continue into 2024

SCMR (Supply Chain Management Review)

Given where spot market prices are at and demand for services holding steady, slow attrition of capacity should help stave off further downward pressure on rates, says Michigan State’s Jason Miller.

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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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The State of Sustainability in Supply Chains

Supply Chain Brain

In this ever-evolving landscape, embracing ESG practices isn't just about ticking boxes; it's about gearing up for a future where sustainability isn't just a goal, but a game-changer for business success!

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Logistics companies race to adapt to shifting supply chains

Supply Chain Dive

Carriers in ocean, air cargo, rail and trucking are launching new services and tweaking their networks amid evolving global trade flows.

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Delivering security and scalability in today’s business landscape requires more than setting up a front line of defense

IBM Supply Chain Blog

A cybersecurity strategy is not solely about managing risk across a business’ IT infrastructure. The stakes are especially high for organizations in highly regulated industries because they can be exploited through their digital supply chain, giving hackers access to consumers’ valuable and sensitive data. Consequently, these data breaches can rattle customer trust and the confidence of regulators.  When done correctly, cybersecurity can be a strategic initiative that supports

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A Market-Based Routing Guide Strategy for Truckload Transportation

SCMR (Supply Chain Management Review)

By applying a strategic procurement framework that considers both a freight lane's macro-market and micro-shipper characteristics, shippers can leverage a wider portfolio of relationships that improve their overall routing guide performance while reducing the required effort.

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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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Helping Healthcare Organizations Navigate Shipping in Peak Seasons

Supply Chain Brain

Throughout the year, healthcare providers are under tremendous pressure to find cost savings and efficiencies, while maintaining optimal patient care. That pressure only increases during the peak season.

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UFCW backs proposed grant program protecting supply chain workers

Supply Chain Dive

The Grocery, Farm, and Food Worker Stabilization Act would help cover “disaster-related costs” for farm, grocery and meatpacking workers.

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New Year Insights for the procurement solutions and services marketplace 2024: Icertis

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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Transformation and resilience at the new J&J

SCMR (Supply Chain Management Review)

Following the spinoff of J&J’s consumer brands, Kathy Wengel is strengthening the pharma and med device business’s core technical operations and building a framework for risk management.

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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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3 Tips for Successful Logistics Outsourcing

Supply Chain Brain

In today's dynamic business landscape, organizations are increasingly turning to third-party services (3PLs) to navigate the complexities of supply chain management and gain a competitive edge.

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UPS and FedEx’s tough year in 6 charts

Supply Chain Dive

Data shows both carriers faced waning package volumes as pricing power shifted in their customers' favor.

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Techstrong.ai: AI Offers Opportunities to Streamline, Optimize Parts Purchasing

Arkestro

Artificial intelligence could improve the parts purchasing process, making it quicker and more efficient for suppliers for many industries—from automakers to chemical companies, who are still grappling with supply chain shortages. AI can improve parts purchasing in several ways.

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Supply Chain Set to Deliver this Christmas

SCMR (Supply Chain Management Review)

The combination of consumer spending continuing to remain resilient, retailers with inventory and delivery providers with capacity add up to a supply chain ready to deliver for Christmas.

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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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From Management to Orchestration

Supply Chain Brain

Supply chain orchestration entails a higher level of digital maturity and connectivity to standardize and integrate internal, partner and third-party contextual data in a real-time, continuous flow.

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10 minutes with DOT’s multimodal office head

Supply Chain Dive

Deputy Assistant Secretary Allison Dane Camden discussed her background, her new office's staffing and the Freight Logistics Optimization Works (FLOW) initiative's progress in an interview.

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3 New Innovations Set to Enhance the Cold Chain, Reduce Health Risks, and Cut Pharmaceutical Supply Chain Costs

The Network Effect

The post 3 New Innovations Set to Enhance the Cold Chain, Reduce Health Risks, and Cut Pharmaceutical Supply Chain Costs appeared first on The Network Effect.

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New Year Insights for the procurement solutions and services marketplace 2024: EcoVadis

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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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