Trending Articles

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Harnessing Neuroplasticity

Procurement Templates

How can Neuroplasticity help procurement professionals? It helps those who might think this is who I am, the way I think can’t be changed its innate, my thought process, my beliefs and I can’t or don’t want to change. However, there are times where being stuck with our own version of the truth with no divergence for alternative ways of thinking is too singular and too restrictive.

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Localizing Production: Exploring Reshoring Trends in Supply Chains

All Things Supply Chain

The global supply chain landscape is experiencing a significant shift, with more and more companies looking to bring production and manufacturing activities closer to home.

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Innovating Supply Chain Higher Education with Generative AI

SCMR (Supply Chain Management Review)

Using artificial intelligence in the classroom is not without concerns, but it also offers supply chain students access to an increasingly critical industry tool.

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Walmart hits supplier emissions goal 6 years early

Supply Chain Dive

The retailer’s vendors have already reported enough projects to fulfill Project Gigaton’s target of cutting 1 billion metric tons of greenhouse gases from its supply chain.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.

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Fairmarkit: Vendor Analysis (Part 1) — Sourcing solution overview, market analysis, company SWOT, competitors

Spend Matters

This is the first in a three-part series that covers Fairmarkit’s sourcing offerings. The Pareto principle, named after the Italian economist and sociologist Vilfredo Pareto, states that if focused properly, 20 percent of one’s actions leads to 80 percent of the results. Procurement teams commonly follow this principle to prioritize activities and define focus areas to maximize return on investment.

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Conversational AI use cases for enterprises

IBM Supply Chain Blog

Today, people don’t just prefer instant communication; they expect it. Conversational artificial intelligence (AI) leads the charge in breaking down barriers between businesses and their audiences. This class of AI-based tools, including chatbots and virtual assistants, enables seamless, human-like and personalized exchanges. Beyond the simplistic chat bubble of conversational AI lies a complex blend of technologies, with natural language processing (NLP) taking center stage.

Ethics 101

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Case Dismissed: Byron Allen v. McDonald’s

Art of Procurement

In May of 2023, two of the companies owned by Byron Allen, a black businessman and producer, sued McDonald’s for. The post Case Dismissed: Byron Allen v. McDonald’s appeared first on Art of Procurement.

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Why UPS keeps shrinking its workforce

Supply Chain Dive

UPS’ headcount has dropped by 43,000 employees in just three years, and more cuts are coming. Experts say it’s not all market-driven.

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Fairmarkit: Vendor Analysis (Part 2) — Sourcing solution strengths and weaknesses, user considerations

Spend Matters

Part 2 of this Spend Matters Vendor Analysis 2024 focuses on the strengths and weaknesses of Fairmarkit’s sourcing solution. It also suggests elements to consider when looking at Fairmarkit as a potential option. Part 1 of the series provides a history and overview of Fairmarkit’s sourcing solution, a company-level SWOT analysis and profiles of its competitors.

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How Meta’s Llama 3 will impact the future of AI

IBM Supply Chain Blog

In January of 2024, Meta CEO Mark Zuckerberg announced in an Instagram video that Meta AI had recently begun training Llama 3. This latest generation of the LLaMa family of large language models (LLMs) follows the Llama 1 models (originally stylized as “LLaMA”) released in February 2023 and Llama 2 models released in July. Though specific details (like model sizes or multimodal capabilities) have not yet been announced, Zuckerberg indicated Meta’s intent to continue to open sou

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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 Supply Chain Industry: A Rewarding Career for GenZ

Supply Chain Brain

The next batch of graduates are a part of GenZ, and many facets of supply chain industry jobs are what they’re looking for in their entry level experiences.

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393: Get 100% Visibility Over Your Final Mile, with OneRail

Let's Talk Supply Chain

 Today I’m joined by award-winning supply chain brand OneRail. OneRail is a leading omnichannel fulfillment solution, pairing best-in-class software with logistics as a service, to provide dependability and speed to help businesses meet their delivery promise. With a real-time connected network of 12 million drivers, OneRail matches the right vehicle for the right delivery so brands lower expenses and increase capacity to rapidly scale their businesses.

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Ryder System sets sights on growing cross-border business

Supply Chain Dive

A new warehouse in Laredo, Texas, and an expanded drayage yard in Nuevo Laredo, Mexico, give the carrier additional capacity to handle more freight.

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Fairmarkit: Vendor Analysis (Part 3) — Sourcing solution details, voice of the customer, analyst summary

Spend Matters

Part 3 of this Spend Matters Vendor Analysis 2024 focuses on delivering a detailed look into Fairmakit’s sourcing solution and concludes with an analyst summary. Part 1 delivers an overview of the company’s background, its general capabilities, a SWOT analysis and the competitive landscape. Part 2 looks at the solution’s strengths and weaknesses and offers user considerations.

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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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How to improve network resilience with NS1 Connect Filter Chains

IBM Supply Chain Blog

Network service outages happen. It’s not a matter of if but when. Cloud platforms and content delivery networks (CDNs) with 100% uptime SLAs aren’t immune. They experience outages just like everything else. The question is: what do you do when one of your network services goes down? Will the lack of redundant services knock you offline? Or will you failover to another provider, maintaining a seamless user experience?

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Anyline Launches Autonomous Drone Barcode Scanning Technology

Supply Chain Brain

Anyline said that it worked with the multinational paper and packaging company Mondi to develop this autonomous drone barcode scanning technology.

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Lives Depend on the Success of the Life Sciences Supply Chain

SCMR (Supply Chain Management Review)

Nearshoring efforts and climate impacts regularly disrupting supply chains are just two of the challenges facing the life sciences supply chain, and lives are at stake if it fails.

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Under Armour inventory ticks closer to normal as freight, supply costs fall

Supply Chain Dive

The sportswear brand — finally — posted a decline in stock levels while executives said it has worked with vendors to lower product costs.

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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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Deployed: Vendor Analysis — SOW solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Deployed and its solutions for Statement of Work (SOW). SOW drafting traditionally starts once a supplier bid has been accepted and the business is ready to move forward with work. The business requestor and Sourcing or Procurement go back and forth (usually several times) to ensure the draft reflects the work being requested.

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Climate change predictions: Anticipating and adapting to a warming world

IBM Supply Chain Blog

In an era of accelerating climate change , predicting the near-future can yield major benefits. For instance, when utility officials are aware that a heat wave is on its way, they can plan energy procurement to prevent power outages. When farmers in drought-prone regions are able to predict which crops are susceptible to failure , they can deploy additional irrigation.

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IoT in the Supply Chain: Why Do We Need It?

Supply Chain Brain

Manufacturers looking to deploy IoT in that time should partner with specialists to help them deliver their vision.

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The best negotiators know how to “Gamble”

Procurement Insights

“It’s very important to understand what motivates the person across the table from you,” says Ms. Gamble of the skills she learned while working for the border agency. – Shauna Gamble, The Globe And Mail (February 20th, 2024) In an article rich with insights such as the importance of having mentors, taking risks, and broadening your work experience beyond the procurement department, the common thread of success is the ability to understand what motivates the people with whom you work and d

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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.

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UPS to cut sorting shifts in New York, Rhode Island and Virginia

Supply Chain Dive

The looming closures add to layoffs the delivery giant is making at facilities in at least five other states.

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Relief Coming to Shipping Disruptions

Procurement Bulletin

Relief Coming to Shipping Disruptions As the Houthi attacks in the Middle-East has caused massive disruptions for shipping from Asia and the surrounding region as well as skyrocketing shipping costs, relief is in sight. New shipping containers that were ordered 2-3 years ago are ready to come online and help relieve the disruptions caused by the attacks by the Houthi rebels.

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How IBM is helping accelerate AI adoption and application centric connectivity

IBM Supply Chain Blog

This week, as thousands of network operators, technology vendors, and mobile device providers from all over the world converge on Barcelona for Mobile World Congress , it’s the perfect time to discuss how IBM® is shaping the future of network operations and telecommunications. Outside the glitz of new phones, connected cars and 5G with everything, there are some real challenges the industry must address.

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Supply Chain Resilience More Important Than Cost Savings: Bain & Co. Survey

Supply Chain Brain

Companies that get supply chain trade-offs right will outperform strategically and set new standards of operational excellence.

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GEP Outlook Report 2024

Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Whether from geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.

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CLM Readiness Considerations Before Diving into Tech

ContractSafe

All the data we have seen, including our own research for our confirms that you’re in good company if you are feeling overwhelmed by contracting volumes. The vast majority of Legal teams are desperately seeking ways to solve the challenge of having limited capacity to scale. Everyone in this boat is hoping for a magic bullet to reduce the legal workload and increase business satisfaction.

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Norfolk Southern saw FedEx Ground volume jump in peak season

Supply Chain Dive

The railroad met with the delivery provider last year and made strategic adjustments to strengthen service, an executive said.

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High-Stakes Negotiation: How Mario Martinez Negotiated a 46-Million-Dollar Deal

Negotiations Ninja

While Mario Martinez was with Sprint, he’d been working with a Fortune 10 company for years. He built out a wireless infrastructure in their corporate offices. He created a system where employees could become customers through an online portal versus paper forms.

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Operationalizing responsible AI principles for defense

IBM Supply Chain Blog

Artificial intelligence (AI) is transforming society, including the very character of national security. Recognizing this, the Department of Defense (DoD) launched the Joint Artificial Intelligence Center (JAIC) in 2019, the predecessor to the Chief Digital and Artificial Intelligence Office (CDAO), to develop AI solutions that build competitive military advantage, conditions for human-centric AI adoption, and the agility of DoD operations.

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The Art of Consistent Perfect Order Delivery: Smart Order Fulfillment Through Orchestration

Shippers and logistics service providers are pressured to match the “Amazon effect” for fast and efficient service across multiple B2C, B2B, and D2C channels. Perfect order delivery - on-time and in-full at the lowest possible cost – is critical. However, recent surveys of supply chain stakeholders reveal that many don't have the technology necessary to achieve it.