Sat.May 04, 2024 - Fri.May 10, 2024

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CPO Crunch: Follow the money

Procurement Leaders

“So, you’ve mapped Tier-2. Now what?” This was the deliberately optimistic title of a very recent CPO community call that explored just how far into the supply chain our members have visibility. As we know, having knowledge of who our suppliers are is one thing, but it’s quite another to have a good understanding of who our suppliers’ suppliers are – not to mention those even further beyond.

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The Vital Role of Integration in Spend Management Solutions

ProcurePort

Integration serves as the cornerstone of effective spend management solutions, facilitating seamless connectivity across disparate systems and data sources. By enabling enhanced visibility and automation, integration empowers organizations to optimize spending, strengthen compliance, and drive strategic decision-making. The Role of Integration in Spend Management In today’s dynamic business landscape, organizations face increasing pressure to optimize […] The post The Vital Role of I

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Why Cybercriminals Target The Freight Industry

All Things Supply Chain

The transport of goods across the sea and across countries requires an intricate network of data to effectively get items delivered by their due date.

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Four Reasons Data Builds a Circular Supply Chain

Supply Chain Brain

Navigating a linear supply chain is like driving down a one-way, dead-end street — movement is forced down a singular path and there’s only one place to go: the garbage.

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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

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.

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IBM Mainframe Skills Council brings the global community together to grow mainframe talent

IBM Supply Chain Blog

The global economy runs on transactions, and 70% of transactions by value run through an IBM Z® mainframe. Many of the world’s largest enterprises rely on IBM Z to support their core business, and by a process of continued innovation, IBM Z brings industry-first technologies to our clients with each new generation. Modern mainframe skills are critical as businesses implement AI, modernize their applications, integrate across the enterprise and continue digital transformation.

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DocJuris: Vendor Analysis — Contract analytics solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of DocJuris and its contract analytics solution. DocJuris is a contract markup specialist that uses AI to expedite the contract review process. As a markup-focused solution, DocJuris aims both to save time spent reviewing documents and to identify potential risks based on preconfigured, customer-specific settings.

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Supply Chain’s Role in Reducing Scope 3 Emissions

Supply Chain Brain

As a supply chain organization, you are uniquely positioned to impact your own emission-reduction goals, as well as those of your upstream and downstream partners — so-called Scope 3 emissions.

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Analyst Map Inductee: The Four Cornerstones Of Learning In The Digital AI Era

Procurement Insights

EDITOR’S NOTE: I am now starting to build my Analyst Solution Map of ten solution providers who I not only see as leaders in their specific area of service but will, through the use of an agent-based model , ensure successful implementations and promised practitioner outcomes. In short, my creditability as an analyst will be and is linked to your success.

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How Autonomous Vehicles Will Transform Last-Mile Delivery

The Network Effect

The post How Autonomous Vehicles Will Transform Last-Mile Delivery appeared first on The Network Effect.

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Better Cotton audits farms it previously certified following deforestation investigation

Supply Chain Dive

Watchdog Earthsight called the certifier’s audit “so flawed as to be almost worthless.

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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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AutoScheduler Introduces Aggregated Warehouse Data Orchestration

Supply Chain Brain

With AutoPilot and AutoPilot Central, the company says, supply chain managers can reduce planning time by 97%, reduce inventory waste by 13%, and optimize labor planning, among other benefits.

Data 103
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Enterprises’ best bet for the future: Securing generative AI  

IBM Supply Chain Blog

IBM and AWS study: Less than 25% of current generative AI projects are being secured The enterprise world has long operated on the notion that trust is the currency of good business. But as AI transforms and redefines how businesses operate and how customers interact with them, trust in technology must be built. Advances in AI can free human capital to focus on high-value deliverables.

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Decades later we are still talking about ERP failures – WHY!?

Procurement Insights

“When ERP was in its heyday, CEOs and business executives wanted reliable and integrated solutions, so they seized upon ERP as the way to provide this,” said Mr. Kyte. “Business stakeholders still want these same qualities, but now they assume that these qualities will be present in any software solution, and their requirements have switched to the twin concerns of lowering IT costs and seeking increased flexibility.

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Practical strategies to help boost supply chain sustainability

Supply Chain Dive

Implement practical strategies to boost supply chain sustainability while managing print projects.

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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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Six Steps to Driving Social Responsibility Across an Extended Enterprise

Supply Chain Brain

The performance and risk of an organization’s third-party ecosystem, including suppliers, vendors and service providers, are becoming increasingly linked to its business reputation, ethos and even its continued viability.

Risk 102
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Redefining clinical trials: Adopting AI for speed, volume and diversity

IBM Supply Chain Blog

Successful clinical studies hinge on efficiently recruiting and retaining diverse participants. Yet, clinical trial professionals across the globe grapple with notable challenges in these areas. In this chapter of the IBM series on clinical trial innovation, we spotlight key strategies for boosting recruitment speed, helping to ensure diversity, and harnessing digital advancements.

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Product Qualified Leads (PQLs): Definition, Calculation, and Benefits

The Thomas Blog

Product Qualified Leads (PQLs) differ from conventional lead-generation strategies by prioritizing user engagement with the product as a primary indicator of sales-readiness. Unlike Marketing Qualified Leads (MQLs) and Sales Qualified Leads (SQLs), PQLs are assessed based on their active interaction with the product, indicating a bigger likelihood of conversion.

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Amazon extends transition period for low inventory fee

Supply Chain Dive

The company said it would credit the fees for a few more weeks, and added some exceptions as it considered ways to incentivize optimal product supply.

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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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Boeing ‘Missed’ 787 Inspections, May Have ‘Falsified Records’

Supply Chain Brain

An internal Boeing memo said that “several people had been violating company policies by not performing a required test, but recording the work as having been completed.

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What is Should-Cost Analysis in Procurement?

Una

What is Should-Cost Analysis in Procurement? Should-cost analysis in procurement involves a full examination of cost components to estimate and evaluate the reasonable price of a product. By Hugo Britt | May 7, 2024 Search Search If you, as a consumer, have ever exclaimed, “ How can they charge that much when it probably only cost them ($X) to make??

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How To Scale Your Contract Management Processes: Key Considerations for Small Businesses

ContractSafe

As your small business grows, you may find yourself struggling to keep up with the new influx of contracts. What was once a manageable stack of paperwork is now a mountain, and your trusty old spreadsheet system just isn't cutting it anymore.

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Avery Dennison leveraged supply chain resilience to navigate Finland port strikes

Supply Chain Dive

The adhesive materials maker leveraged supplier diversification and enhanced inventory strategy to avoid disruptions.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

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.

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Revolutionizing Sustainability: The Technological Evolution in Manufacturing

Supply Chain Brain

The manufacturing industry is in the midst of a digital revolution, with AI taking the spotlight and being deployed on a broader scale, allowing companies to elevate their sustainability efforts.

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Revolutionize your talent acquisition strategy: How AI can help you find the right candidates faster

IBM Supply Chain Blog

Imagine that you are a talent acquisition manager at a large corporation, and you’re struggling to find suitable candidates for a critical role. Despite posting the description on multiple job boards, the résumés received are either unqualified or uninteresting. This results in wasted valuable time and resources on manual screening, causing frustration among hiring managers.

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CN Rail Workers Vote to Strike

Procurement Bulletin

Canada Sees Trade Deficit in March Canada saw its largest trade deficit in nine months last March with a trade deficit of $2.28 billion. Total exports feel 5.3% whereas economists expected a trade surplus of $1.5 billion. (I guess the business for forecasting is still not an accurate thing.) US Government Procurement Stats There’s good news and bad news for small businesses that look to become vendors of the US Government: The good news: the value of contracts doled out to small businesses

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Fastenal boosts supply chain resilience with supplier diversity

Supply Chain Dive

Investors have started to question what supply chains will do if the November elections usher in another era of high import taxes.

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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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Six Steps on the Journey to Environmentally Compliant Warehouses

Supply Chain Brain

Companies need to take an integrated approach to improving the environmental performance of their warehouses. Experience shows that allowing for key factors at the outset can make the journey easier.

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Maximize business outcomes on IBM Cloud with Concierge Platinum Services

IBM Supply Chain Blog

In the rapidly evolving digital landscape, we see that businesses are increasingly migrating to cloud services to enhance their operations, boost productivity and foster innovation. However, the process of transitioning clients to the cloud can often be intricate and time-intensive. To tackle this challenge head-on, IBM® offers clients access to a specialized Concierge Platinum Team, which is equipped with top-tier skills and expertise, to help expedite the cloud onboarding process and prov

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Removing the Internal Tension Between Cost and Sustainability

Art of Procurement

“Only when we stop accepting the fact that procurement is being made to make decisions that are not the best. The post Removing the Internal Tension Between Cost and Sustainability appeared first on Art of Procurement.

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Analyst Eye on unleashing procurement’s strategic impact and driving working capital optimization

Spend Matters

Working capital optimization is not merely a financial strategy; it is the lifeline of business operations. It encompasses the management of short-term assets and liabilities to ensure liquidity, meet financial obligations and support growth initiatives. Typically, people may assume this area of activity belongs purely to Finance. However, S2P solutions, such as GEP, SAP Ariba, Ivalua and others, have been increasingly investing in building capabilities that directly or indirectly support worki

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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