Procurement Transformation Institute
Procurement Value Delivered
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Issue 81, 03rd Oct 2019
This Week's Highlight
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WAREHOUSE AND SUPPLY CHAIN MANAGEMENT:
The warehousing, logistics and supply chain management sector is set to change dramatically over the next five years. With the developments of Artificial Intelligence, analytics, new payment systems such as crypto currencies, GDPR challenges, the impact of Brexit
A-1 Day Conference-Talbot Hotel Stillorgan
10th Oct 2019
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People:
How to Use Solution Map Buying Personas
There are many products in today’s world that companies produce to fit as broad of a range of consumers as possible. While “one size fits all” may work just fine for peddling jeans or baseball caps to large markets of end-users, it’s the opposite of helpful in the procurement technology realm.
A buying persona is essentially a mix of variables that results in a “shortcut” as a way for your organization to identify its personality, as the first step before considering the procurement technology solution market.
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Technology:
Panasonic sets sights on 100% renewable electricity
Panasonic, one of the world’s largest and most lucrative consumer electronics companies, has announced that it has joined the Climate Group’s RE100 – a programme focused on bringing the biggest businesses in the world together to commit to 100% renewable electricity within their operations.
By 2050, Panasonic has pledged to have entirely switched over to renewable sources of electricity alongside aiming for production that results in zero CO2 emissions.
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Knowledge
Global trade to slow over next 3 months
Global Trade Barometer (GTB) for September 2019 shows a one point decline on the index and forecasts further loss in momentum for the next three months based on an analysis of ocean and air freight markets in China, Germany, Japan, India, South Korea and the United States. The report cautions continued decline, or at best zero growth, ahead.
Between Brexit, the U.S. trade war with China and a brewing trade conflict between Japan and South Korea, global trade has been faltering over the past two years.
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Process.
The Massive Industry Of Food Waste Provides Several Opportunities For Creative Entrepreneurs.
In the United States alone, food waste is estimated at between 30-40 percent of the food supply. This estimate, based on estimates from USDA’s Economic Research Service of 31 percent food loss at the retail and consumer levels.
Food loss occurs for many reasons, with some types of loss, such as spoilage, occurring at every stage of the production and supply chain.
For produce, about 12% of fruit and 11.5% of vegetables are never sold.
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Sustainability
Largest Sustainable Supply Chains: Rolls-Royce:
The aviation & aerospace giants, Rolls-Royce, operates with a firm sustainability approach. The company seeks to unlock new business opportunities and deliver more efficient products and services to accelerate the transition to a low carbon global economy by reducing the impact of its products. Due to an ever-growing population worldwide, subsequently it has caused an increased demand for travel, trade and energy. Rolls-Royce’s engines start to become part of broader, hybrid systems...
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