Comprehensive information about global sourcing and procurement strategies, covering software, spending analysis, order management, supplier evaluation and e-Procurement.
Tealbook founder Stephany LaPierre explains why a ‘data brain’ is needed to collect and analyze the necessary data for efficient procurement operations.
AI is a piece of software that is not just one thing: it is a technology tool to do a job. Selecting the right software, and at the right point of the business process, is the key to getting software projects done and done correctly.
May imports, at 2.70 million TEU (Twenty-Foot Equivalent Units), rose 11% annually, following April’s 8% annual gain, with growth intact for the ninth consecutive month, following a 14-month stretch of annual declines. Total first quarter imports were up 11% annually.
Wednesday, June 12, 2024 · Bishwajit Kumar and Pablo Barros Gomez
Implementing a procurement control tower provides advanced insights to the sponsor company, bringing end-to-end visibility, enhanced exception management, improved decision-making, improved risk management, cost savings, and more, an MIT CTL capstone research project found.
Bringing production and sourcing back to the United States or to a country in close proximity have always been goals for companies that want to gain better control over their supply chains. But for procurement leaders, it adds complexity.
The May Services PMI, at 53.8 (a reading of 50 or higher signals growth), was up 4.4% over April’s 49.4, which marked the first time the Services PMI contracted since December 2022, when it came in at 49 and prior to that the last month seeing contraction was in May 2020,…
While strategic intent to rewire global value chains is there, many manufacturers are falling short, focusing on incremental change that will not be enough to remain competitive, a new report says.
Tuesday, June 4, 2024 · Etosha Thurman and Stephanie LeRoy
By implementing digital solutions, Cirque du Soleil has embraced a more agile and efficient approach to procurement, positioning itself for a bright future with long-term growth.
Kory Jacobson grew up with two educators as parents. That taught him the value of effort and education, two qualities that have driven his supply chain success.
Thursday, May 23, 2024 · Arnela Iseric, research principal, Gartner
It’s crucial to understand which AI use cases to pursue and take a focused approach that is part of a strategy to achieve success rather than simply finding a “quick win.”
Even as new data suggests freight shipments continue to slide, shippers in BlueGrace Logistics Index are feeling better about the remainder of the year.
In a commoditized world, execution is the new competitive edge, and this includes working with suppliers and vendors to unleash new technologies and create unique products.
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