Procurement Insights

NOVEMBER 21, 2023

You have shared another thought-provoking post , Joël Collin-Demers. As you know, Indirect MRO is an area about which I never get tired of talking. In my recent post, Are you chasing solutions or solving problems? (Part 1 of 3) I talk about an agent-based versus equation-based approach. Here is the link – [link] Everything you are talking about is excellent and on the money and will improve procurement.

Sourcing 52

Sourcing Procurement 52

All Things Supply Chain

NOVEMBER 20, 2023

Sustainable procurement has become more and more critical for businesses that want to reduce their environmental impact and improve their sustainable practices.

Sustainability 277

Sustainability Strategy Procurement Procurement strategies 277

ProcurePort

NOVEMBER 20, 2023

Online Contract Management Safety Overview: Strong security measures, like encryption and access controls, are important for keeping online contract management systems safe. To deal with risks like data breaches and unreliable vendors, we need to be proactive. This means following rules and giving safety training to users. Strategic Considerations for Enhanced Safety: Collaboration and integration […] The post Is it Safe to use an Online Contract Management System?

Contract management 130

Contract management Contract Management Collaboration 130

Una

NOVEMBER 19, 2023

Procurement Career Advice A series of resources sharing procurement career advice and exploring the skills needed to become a successful and impactful Sourcing Hero. 6 Reasons to Choose a Career in Procurement From finding a sense of purpose and developing essential skills to making an impactful difference when it comes to sustainability efforts, procurement offers a wide range of opportunities for professionals seeking a career path.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Negotiation 52

Advertiser: GEP

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.

Supply chain

The Procuretech Podcast

NOVEMBER 21, 2023

In this episode of The Procuretech Podcast, host James Meads is joined by Simon Geale, VP of Procurement at leading UK-based consultancy Proxima. This is a fireside chat-style episode about the latest trends in procurement technology. Simon talks about his background and role at Proxima, and the company's focus on serving large enterprise clients with complex procurement problems.

Procurement 40

Procurement Budget Innovation Strategy 40

Supply Chain Brain

NOVEMBER 21, 2023

Achieving resilience in supply chains is essential, but it's crucial to implement measures carefully so they do not hinder or conflict with other competing priorities.

Supply chain resilience 141

Supply chain resilience Supply chain Supply 141

ProcurePort

NOVEMBER 22, 2023

In the dynamic landscape of business and procurement, acronyms like RFP, RFQ, and RFI are commonplace. These terms, standing for Request for Proposal, Request for Quotation, and Request for Information, respectively, play pivotal roles in the procurement process. If you find yourself navigating these waters for the first time or looking to deepen your understanding, […] The post Understanding RFP, RFQ, and RFI: A Comprehensive Guide appeared first on ProcurePort Blog.

Procurement 130

Procurement 130

Procurement Leaders

NOVEMBER 21, 2023

Like many within the procurement community, dsm firmenich’s deputy chief procurement officer Gianluca Colombo is a keen chef in his spare time. “I like cooking and discovering new recipes, he told Procurement Leaders. “I mean, sometimes the result is not that amazing but at least I discover new cultures.” Following the completion of the merger between DSM and Firmenich in May 2023, in his day job, Colombo finds himself breaking silos like a chef might eggs to ensure the s

Sourcing 130

Sourcing Chief Procurement Officer Sustainability Procurement 130

Supply Chain Brain

NOVEMBER 20, 2023

We've only just begun to scratch the surface of AI's transformative potential, and navigating this landscape requires collective wisdom and ethical vigilance.

Ethics 127

Ethics Data 127

Supply Chain Dive

NOVEMBER 20, 2023

The initiative at a California hub offers on-site day care in emergency situations, which will expand to more company facilities in 2024.

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135

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

Innovation

Spend Matters

NOVEMBER 20, 2023

The term ‘ESG’ can mean a lot of things to different stakeholders such as regulators, customers, investors, employees and functional leaders — including procurement. ‘Environment,’ ‘society’ and ‘governance’ can be such broad, overwhelming concepts that the details of what each goal means in terms of an organization’s strategy and process can get lost in translation.

Supply Chain Efficiency 117

Supply Chain Efficiency Supply chain Sustainability Strategy 117

SCMR (Supply Chain Management Review)

NOVEMBER 20, 2023

Detecting and reducing supply chain fraud can be done using artificial intelligence and the existing supply chain systems and the familiar transactions that they produce.

Supply chain 112

Supply chain Supply 112

Supply Chain Brain

NOVEMBER 21, 2023

Brick-and-mortar retailers are seeking out hi-tech ways of tracking the habits of flesh-and-blood shoppers while they’re in their stores.

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119

Supply Chain Dive

NOVEMBER 21, 2023

The logistics provider is leveraging an automated storage and retrieval system to improve throughput times.

Supply chain 128

Supply chain Logistics Supply 128

Speaker: Jason Cottrell and Gireesh Sahukar

Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.

Risk

Spend Matters

NOVEMBER 20, 2023

In this Spend Matters Vendor Analysis, we give an overview of Exiger, a solution built to reduce risks in supply chains. It offers a comprehensive risk assessment product encompassing various risk dimensions, such as ownership control, operational, financial health, ESG, cyber, reputational, criminal, regulatory and product risk within the supply chain.

Risk management 114

Risk management Risk Supply chain Management 114

Arkestro

NOVEMBER 21, 2023

As they strive to make their supply chains more resilient, global companies are grappling with two challenges: the difficulty in discerning potential sources and the extended time required to find, vet, and onboard new suppliers. Companies such as Walmart, Tyson Foods, Koch Industries, Maersk, Siemens, and Unilever are using AI tools to swiftly find and engage with alternative suppliers during unexpected disruptions.

Supply chain 98

Supply chain Buyers Supply Suppliers 98

Supply Chain Brain

NOVEMBER 19, 2023

Many third-party logistics providers gained an advantage from being early adopters of supply chain technology, but they soon met challengers in the form of pure-play technology providers, says Peter Weis, chief information officer and senior vice president at ITS Logistics.

Supply chain 119

Supply chain Data Logistics Supply 119

Supply Chain Dive

NOVEMBER 21, 2023

As automakers ramp up production efforts, labor challenges and geopolitical risks may continue to plague operations, according to industry experts.

Supply chain 126

Supply chain Risk Supply 126

Advertiser: ZoomInfo

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

Data

Spend Matters

NOVEMBER 21, 2023

Last month, I presented at a customer advisory board (CAB) session that Fairmarkit invited me to join to present on stakeholder engagement and alignment. Fairmarkit has pioneered high-volume tail spend sourcing (think ‘mid tail’ rather than just ‘tip of the tail’) in its go-to-market approach towards guided sourcing and autonomous sourcing. It has also recently announced a partnership with Amazon Business to support RFx/bid automation for SKU-based items going out to the B2B marketplace (Amazon

Strategy 113

Strategy Bidding Sourcing Stakeholder engagement 113

SCMDOJO

NOVEMBER 18, 2023

When you think about machine learning, you might imagine robots learning as they interact with their surroundings. In numerous aspects, you’re not too far off. Within the specialized subject of artificial intelligence (AI), machine learning refers to the ability of systems and machines to learn from their experiences and get better without explicit programming.

Route optimization 98

Route optimization Supply Chain Optimization Data Price 98

Supply Chain Brain

NOVEMBER 20, 2023

Re-shoring or near-shoring factories, “just-in-case” inventories, and qualifying alternative suppliers are among the most common ways that companies are building resilience. However, these strategies come with tremendous complexity and a heavy price tag.

Inventory 116

Inventory Price Strategy Suppliers 116

Supply Chain Dive

NOVEMBER 21, 2023

Much is at stake for the shipping provider's e-commerce logistics segment to reliably deliver for the holidays. Automation will play a big role.

Logistics 124

Logistics 124

Advertiser: GEP

Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.

Procurement

Procurement Bulletin

NOVEMBER 19, 2023

This manufacturer tested a 4-day work week, this is what happened… Advanced RV, is a custom-build luxury motorhome manufacturer and one of the 200 global companies trialling a 4-day work week while keeping pay at the same level. The result? After initially seeing some drop-off in production, the company saw stabilized production and was able to maintain efficient production with the reduced work week.

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IBM Supply Chain Blog

NOVEMBER 20, 2023

Advanced organizations know their greatest assets are their employees. However, keeping employees happy and engaged can be challenging, especially when considering available resources and the need to meet other organizational goals. An organization is only as strong as its talent pool, so organizations have increasingly embraced talent management as a core component of their overarching strategy.

Strategy 97

Strategy Management Business strategy Influencing 97

Supply Chain Brain

NOVEMBER 19, 2023

Considering the huge cost of food fraud in global supply chains, it might come as a shock to consumers to learn how weak are the current efforts to put a stop to it.

Supply chain 115

Supply chain Supply 115

Supply Chain Dive

NOVEMBER 22, 2023

As the CPG company recovers from significant operational disruptions, analysts warned rebuilding inventory and distribution could be a lengthy process.

Inventory 122

Inventory 122

Speaker: Ethan Woolley, Director at Kharon

This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration. Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen complia

Retail Supply Chain

SCMDOJO

NOVEMBER 24, 2023

A warehouse management system for e-commerce makes managing a giant warehouse 24/7 no easy task. Additionally, when you need to oversee a considerable number of Stock Keeping Units (SKUs), it is like a nightmare without an efficient tool. The WMS proves to be a great tool for managing the entire activities of a warehouse, effortlessly handling tasks ranging from inventory management, replenishments, receiving, put-away, picking, packing, and shipping, to tracking the logistics system.

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain software solutions Real-time Visibility Supply Chain Optimization 95

IBM Supply Chain Blog

NOVEMBER 21, 2023

Apache Kafka is a well-known open-source event store and stream processing platform and has grown to become the de facto standard for data streaming. In this article, developer Michael Burgess provides an insight into the concept of schemas and schema management as a way to add value to your event-driven applications on the fully managed Kafka service, IBM Event Streams on IBM Cloud ® What is a schema?

Real-time Visibility 96

Real-time Visibility Quantity Data Quality 96

Supply Chain Brain

NOVEMBER 19, 2023

As we settle into another flu season and updated COVID boosters become available, the focus on vaccine distribution and the cold-chain logistics industry remains sky-high.

Management 111

Management Logistics 111

Supply Chain Dive

NOVEMBER 20, 2023

The New York senator is calling for help “to find packaging alternatives” and resolve the issue. Many point to Pactiv Evergreen as the source of the supply chain snarl, although no official cause has been confirmed.

Supply chain 120

Supply chain Sourcing Supply 120

Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón

Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.

Risk