2023

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Sustainable Procurement: What it is and its Importance

SCMDOJO

Discover the power of sustainable procurement in enhancing supply chain resilience and brand reputation and learn about its importance.

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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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Three Ways to Enhance Procurement Value Through Risk Management

Supply Chain Brain

From scenario planning to relationship building, procurement teams are in a new era of risk management that will be crucial for long-term success.

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Episode 104: Leveraging the Power of a Procurement Task Force with Harold Hendrickx

Una

EPISODE 104 Leveraging the Power of a Procurement Task Force with Harold Hendrickx By Kelly Barner | March 1, 2023 With the last few years being as unpredictable as they have been, procurement has experienced a number of mindset shifts – all of which have increased our agility and resilience. In fact, procurement has undergone so many changes that comparisons to the approaches and team models seen in military settings are not out of line.

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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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A Look at the Current State of Procurement Recruiting

Art of Procurement

The last few years in procurement recruiting have been wild – just like the external conditions procurement professionals have been. The post A Look at the Current State of Procurement Recruiting appeared first on Art of Procurement.

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Whirlpool ‘on track’ to reduce $800M in costs via procurement tactics

Supply Chain Dive

In an earnings call, the home appliance company said it reduced parts complexity and used dual sourcing to mitigate supplier-driven disruptions.

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What is ABC Classification? How to Calculate ABC Classification

SCMDOJO

Unlock efficient inventory management with ABC classification. Learn the steps, benefits, and use SCMDOJO's tool for quick analysis.

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Missing your target? Successful implementations begin at procurement

SCMR (Supply Chain Management Review)

Only 30% of digital transformations meet or exceed a company’s expected target value. The reason? The wrong procurement process was used, say experts.

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How climate change disrupts supply chains

Strategic Sourceror

Supply chain challenges have dominated international headlines, and much of the focus has been on the fallout from the COVID-19 pandemic and the lingering consequences of the public health crisis. However, climate change poses a more fundamental threat to global supply chains, as extreme weather events, sea-level rise, unpredictable weather patterns and new compliance regulations all conspire to restrict the ability of suppliers to move goods between markets.

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Introducing the technology behind watsonx.ai, IBM’s AI and data platform for enterprise

IBM Supply Chain Blog

We stand on the frontier of an AI revolution. Over the past decade, deep learning arose from a seismic collision of data availability and sheer compute power, enabling a host of impressive AI capabilities. But we’ve faced a paradoxical challenge: automation is labor intensive. It sounds like a joke, but it’s not, as anyone who has tried to solve business problems with AI may know.

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GEP Procurement & Supply Chain Tech Trends Report

The technological landscape is dynamic and changes quickly. And for procurement and supply chain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supply chain for the year ahead?

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AI in Procurement and “Autogmentation” Part 2 — The current state of AI

Spend Matters

Part 1 of our mini-series focused on the impact of technology on the business world and, more specifically, on procurement. After considering the key milestones in the history of digital technology, we discussed the various impacts that technology can have in terms of automation (efficiency) and augmentation (effectiveness). We also mentioned a strong dependency between the two value drivers and that “new technologies can not only handle a growing number of repetitive and manual tasks but also p

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Where AI Actually Matters in the Supply Chain

The Network Effect

AI is big in supply chain management, but there are places it is ideally suited to, and other areas that are highly problematic. Ranjit Notani explains.

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ERP Digitization: MRO as a Business Driver

Supply Chain Brain

The state of the economy and the mounting push to digitize supply chain processes are driving a creative approach to maintaining the integrity of your company's item master.

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Episode 98: Turning Ethos Into Action with Ian Arthurs

Una

EPISODE 98. Turning Ethos Into Action with Ian Arthurs. By Kelly Barner | January 18, 2023. It is one thing to talk about the importance of preserving the environment, and it is another to take meaningful and measurable action to drive change. Corporate sustainability programs are often started in response to consumer demand, but in order to be successful long term, they need backing from innovative, disruptive thinkers willing to blaze new trails. .

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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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Making What We Buy Sustainable Is Just The Start

Positive Purchasing

A Wider Horizon You will be familiar with the idea of optimizing what you buy. You may already be challenging what the business is specifying and have questioned the ‘needs’ versus ‘wants’ within each buying decision. Now, with the need to move beyond price and security of supply to sustainable and ethical sourcing, procurement must become a more strategic and proactive function.

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UPS fights to keep strike-fearing shippers from fleeing

Supply Chain Dive

The delivery giant has assigned executives to major customers to keep them from shifting volume to competitors amid Teamsters contract negotiations, CEO Carol Tomé said.

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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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ChatGPT for Supply Chain: Exploring the Opportunities Ahead

SCMDOJO

If you are in the supply chain industry, you are probably well aware of the constant need to optimize processes and improve communication between stakeholders. With the advent of new technologies, businesses have revolutionized how they operate and stay ahead of the curve. And one of the most promising innovations in recent years is ChatGPT for supply chain.

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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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The 10 Questions Supply Chain Managers Must Ask Before Engaging With a New Vendor

SCMR (Supply Chain Management Review)

A thorough and strategic vendor selection process guides companies through the vendor selection process, helping ensure subpar suppliers never make it into the procurement process.

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Severe graphite shortage looms as EV sales surge

Strategic Sourceror

With more Americans buying rechargeable cars — and several automakers expanding their hybrid and all-electric offerings — the automotive industry is turning to the rare earth metals market. These materials, namely lithium, cobalt, nickel and several others, are critical for manufacturing the lithium-ion batteries electric and hybrid cars need.

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Mainframe and the cloud? It’s easy with open source

IBM Supply Chain Blog

This is part four in a five-part series on mainframe modernization. The secret to mainstreaming the mainframe into today’s modern, cloud-centric IT environments is to make the experience of working with the mainframe like the experience of working off the mainframe—especially the developer experience (DX). Historically, working on the mainframe was an entirely different experience from the distributed world.

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AI in Procurement and ‘Autogmentation’ Part 1 — (Procurement) technology is more than automation to replace people

Spend Matters

Technological progress has revolutionized the business world, transforming industries and redefining work. For procurement professionals and solution providers, understanding the evolution of technology and its impact is crucial for staying competitive in the ever-changing market. From the early days of mechanization and automation to the digital age, technology has continuously improved efficiency and effectiveness in business operations.

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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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Global LSPs and 3PLs Embrace the Chaos and Turn Professional

The Network Effect

The post Global LSPs and 3PLs Embrace the Chaos and Turn Professional appeared first on The Network Effect.

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Enhancing Supply Chain Resilience: A Modular Approach

Supply Chain Brain

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.

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Episode 97: No One Climbs Mount Everest Alone with Dylan McCabe

Una

EPISODE 97. No One Climbs Mount Everest Alone with Dylan McCabe. By Kelly Barner | January 11, 2023. When you are starting a new company, it is a challenge to convince customers that they should choose you over their alternatives. When you are also pioneering a completely new business model for your target market, that challenge increases substantially.

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The LEGO Sustainability Saga

Art of Procurement

“We can’t say we inspire and develop the builders of tomorrow if we’re ruining the planet.” – Tim Guy Brooks, Head. The post The LEGO Sustainability Saga appeared first on Art of Procurement.

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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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Getting a Kiss From a World Class Supply Chain

Art of Procurement

Founded in 1894 by Milton Hershey, The Hershey Company has seen their share of ups and downs. Not only have. The post Getting a Kiss From a World Class Supply Chain appeared first on Art of Procurement.

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Buyer Power Score – Pest Control Services

Art of Procurement

The AOP Buyer Power Score is a content offering created in partnership with ProcurementIQ that rates the balance of power. The post Buyer Power Score – Pest Control Services appeared first on Art of Procurement.

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Three Key Lessons from a True Procurement Ironman

Art of Procurement

In this week’s podcast, Philip Ideson interviews Vytas Sliesoraitis, a procurement leader turned Ironman competitor. Click here to listen. Vytas. The post Three Key Lessons from a True Procurement Ironman appeared first on Art of Procurement.

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Translating Digital Investments into Digital Outcomes

Art of Procurement

In this week’s episode of the Art of Procurement podcast, Philip Ideson and I took some time out to give. The post Translating Digital Investments into Digital Outcomes appeared first on Art of Procurement.

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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.