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 223

Sustainability Strategy Procurement Inventory 223

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

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.

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

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 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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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

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 105

Strategy Management Business strategy Influencing 105

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.

Sustainability

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

Art of Procurement

NOVEMBER 23, 2023

News stories come and go but some have more ‘legs’ than others. While wars and politics and the economy can. The post Where are they now? appeared first on Art of Procurement.

Procurement 94

Procurement Risk management Risk Management 94

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

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 104

Real-time Visibility Quantity Data Quality 104

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

Logistics

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 93

Supply Chain Efficiency Sustainability Supply chain Strategy 93

Supply Chain Dive

NOVEMBER 22, 2023

The retailer plans to have more than 40 stations, described as mini post offices, in its stores by the end of 2023.

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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

IBM Supply Chain Blog

NOVEMBER 24, 2023

Application modernization is the process of updating legacy applications leveraging modern technologies, enhancing performance and making it adaptable to evolving business speeds by infusing cloud native principles like DevOps, Infrastructure-as-code (IAC) and so on. Application modernization starts with assessment of current legacy applications, data and infrastructure and applying the right modernization strategy (rehost, re-platform, refactor or rebuild) to achieve the desired result.

Real-time Visibility 96

Real-time Visibility Data Cost of ownership Strategy 96

Advertisement

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.

Supply Chain Efficiency

SCMR (Supply Chain Management Review)

NOVEMBER 22, 2023

Professor Kevin Shang of Duke University’s Fuqua School of Business has developed a machine-learning solution to allow grocers to stock optimal amounts of perishable food in their supply chains.

Supply Chain Optimization 88

Supply Chain Optimization Supply chain Supply 88

Supply Chain Dive

NOVEMBER 21, 2023

The automaker is looking to create a circular supply chain that can make use of aging Prius models to help feed its growing electric vehicle production.

Sourcing 95

Sourcing Supply chain Supply 95

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

IBM Supply Chain Blog

NOVEMBER 20, 2023

In 2023, organizations have faced an unprecedented level of pressure to digitally transform with the rise of generative AI as well as imperatives such as sustainability, labor productivity and security. The “ Cloud Transformation Report ,” a new global survey from the IBM Institute for Business Value (IBV), found that many leading enterprises share a common foundation to digital transformation—a clear hybrid cloud strategy.¹ These businesses cite several key benefits to us

Sustainability 90

Sustainability Data Strategy Risk 90

Advertiser: GEP

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.

Procurement

Procurement Insights

NOVEMBER 20, 2023

With 900 plus radio interviews under my belt as a host, plus numerous television and webinar appearances, the only thing I have enjoyed more than the live broadcasts are the green room discussions before going live. While the live events are energized and engaging, the raw, uncut, and unedited discussions have a different feel that is not as formal and can be unpredictable.

Negotiation 85

Negotiation Data Procurement Supply chain 85

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 96

Logistics 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

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 85

Route optimization Supply Chain Optimization Data Price 85

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,

Supply Chain Optimization

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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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.

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Supply chain Sourcing Supply 83

Supply Chain Brain

NOVEMBER 21, 2023

For both medicines, shortages will get worse as the end of this year approaches, according to a letter to healthcare professionals published November 21 by the European Medicines Agency

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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 80

Risk management Risk Supply chain Management 80

Advertiser: ZoomInfo

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

Buyers