Wed.Nov 29, 2023

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How is the e-procurement system different from ERPs?

ProcurePort

In the dynamic and ever-evolving landscape of modern business operations, organizations are increasingly turning to innovative technologies to streamline their processes and enhance overall efficiency. Among the many technological advancements, Electronic Procurement (e-procurement) systems and Enterprise Resource Planning (ERPs) have emerged as integral components in the pursuit of operational optimization.

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Florida Producer Growers, Brokerages Included in ReposiTrak Expansion

Supply Chain Brain

Some of the new users include a Longwood, Florida-based watermelon grower, processor and brokerage as well as an Immokalee, Florida-based green bean, eggplant, squash and pepper grower.

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Real-time artificial intelligence and event processing  

IBM Supply Chain Blog

By leveraging AI for real-time event processing, businesses can connect the dots between disparate events to detect and respond to new trends, threats and opportunities. In 2023, the IBM® Institute for Business Value (IBV) surveyed 2,500 global executives and found that best-in-class companies are reaping a 13% ROI from their AI projects—more than twice the average ROI of 5.9%.

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Amazon Launches Four New AWS Supply Chain Tools

Supply Chain Brain

The new tools include AWS Supply Chain Planning, AWS Supply Chain N-Tier Visibility, AWS Supply Chain Sustainability and Amazon Q.

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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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Cargill bolsters traceability efforts to end deforestation in South America

Supply Chain Dive

One of the world's largest commodities traders is moving up its timeline to eliminate land use conversion from supply chains in Argentina, Brazil and Uruguay.

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Innovation Ramps Up as Firms Invest in Supply Chain

SCMR (Supply Chain Management Review)

The average company investment in supply chain innovation has nearly doubled in 2023 compared to 2022, according to new research from Catena Solutions.

More Trending

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Supplios: Vendor Analysis — Supplier management and sourcing solution for direct materials overview, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis gives an overview of Supplios. Supplios is a supplier collaboration platform built specifically to help manufacturers work with their direct-material suppliers. The platform has built-in functionalities for supplier management, direct material sourcing and procurement, supplier onboarding, supplier quality and supplier performance management.

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Why a beverage alcohol distributor launched a 3PL

Supply Chain Dive

Ankaa Global Logistics caters its services to suppliers working with parent company Southern Glazer's Wine and Spirits or other wholesalers.

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B2B Buying Behavior Now Aligned with Consumer Buying Habits

Supply Chain Brain

Ninety percent of responders said that the demand for digital B2B buying experiences has increased either somewhat or substantially over the last two years.

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Burlington leans on inventory management to boost margins

Supply Chain Dive

After working through reserve stocks, the retailer has learned to increase merchandise turnover by distributing goods to stores more quickly.

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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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Transatlantic Flight Powered by Alternative Fuels Lands in U.S.

Supply Chain Brain

Of the two types of alternative fuels used for the flight, 88% were derived from waste fats while the remaining 12% came from U.S.-based corn production waste.

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How blockchain enables trust in water trading

IBM Supply Chain Blog

Australia pioneered water rights trading in the early 1900s, becoming a world leader in water sharing between valleys. The initiative extended throughout the states of Australia across the Murray-Darling Basin (MDB). However, findings from the water market’s inquiry of the MDB, completed by the Australian Consumer and Competition Commission (ACCC) and the Department of Climate Change, Energy, the Environment and Water (DCCEEW), highlighted a great many challenges of the system.

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Walmart Increasing Imports to the U.S. from India

Supply Chain Brain

Walmart shipped 25% of its U.S. imports from India between January 2023 and August 2023, up from just 2% in 2018.

Import 100
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Walmart is creating new platform to more easily work with suppliers

Supply Chain Dive

The retailer has teamed up with enterprise retail technology solutions company Bamboo Rose to streamline its supply chain.

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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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How to Reduce Warehouse Picking Errors

Supply Chain Brain

Picking errors are common at the best of times, but they can be a particular issue when it comes to recruiting new and inexperienced workers.

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Are Supplier Diversity Programs Running Out of Gas – Again?

Procurement Insights

“When I was given an advanced peek at Jamie Crump’s white paper , “Rumors of My Death Have Been Greatly Exaggerated: How Supplier Diversity Will Thrive in 2024 and Beyond”, a cascade of thoughts ran through my head. To start, I was reminded of my research on diversity some time ago and how, even though it is a significant focus in 2023, the idea or concept was first introduced in the 1950s.

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Three Ways Technology Can Stop Greenwashing in its Tracks

Supply Chain Brain

Mitigating the legal, financial and reputational risks of greenwashing is complex, but it has also never been more important.

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Sensors, signals and synergy: Enhancing Downer’s data exploration with IBM

IBM Supply Chain Blog

In the realm of urban transportation, precision is pivotal. Downer, a leading provider of integrated services in Australia and New Zealand, considers itself a guardian of the elaborate transportation matrix, and it continually seeks to enhance its operational efficiency. With over 200 trains and a multitude of sensors, Downer has accumulated a vast amount of data.

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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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Nio and Geely Sign Battery Swapping Agreement

Supply Chain Brain

Geely is the second car manufacturer to sign a battery swapping deal with Nio, who is also working with Changan Automobile.

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Spirit AeroSystems COO is out

Supply Chain Dive

Sam Marnick is the second executive to leave the Boeing supplier in the past two months, following the departure of former CEO Thomas Gentile.

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11 Things You Can Do While a GPO Works Behind the Scenes

Una

11 Things You Can Do While Your GPO Works Behind the Scenes Explore 11 things you could be doing while your GPO takes care of time-consuming procurement tasks behind the scenes. By Hugo Britt | November 30, 2023 Search Search What would Santa do without the ability to outsource key tasks to his elves? Imagine if he had to look after all the toy-making, gift-wrapping, and present-packing himself – he’d be overworked, stressed out, and would probably miss his all-important delivery deadline.

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Timeline: How Estes responded to a cyberattack

Supply Chain Dive

The trucking company actively communicated with shippers during its crisis as the carrier worked to restore its systems.

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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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The Financial Impact of Employee Turnover and How Conflict Resolution Courses Can Help

Negotiations Ninja

Employee turnover is a significant concern for Canadian businesses. According to the HR Reporter, Canada ranks fourth in turnover rates worldwide at 16%. While the cost of turnover varies for every role depending on salary and onboarding processes, the price associated with hiring and training a new employee is substantial in just about every business.

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Transforming Pharmaceutical Manufacturing- The Crucial Role of Supplier Management

HICX

Procurement professionals in the pharmaceutical manufacturing industry face unique challenges. Just as their counterparts in other sectors, they must deliver digital transformation, while ensuring investment in existing technologies is maximized, but also they face additional hurdles relating to the regulatory environment, the complexity of supplier relationships, the particularly high levels of scrutiny, and managing the subsequent amount of data and information that are required in this contex

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Watch: Challenges in a Changing LTL Market

Supply Chain Brain

Kent Williams, executive vice president of sales and marketing at Averitt, would like to see better relationships between shippers and less-than-truckload (LTL) carriers.

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Port of Savannah cargo volumes dip 19% YoY in October

Supply Chain Dive

Despite the drop, TEUs were up 11% month-over-month at the Southeastern port.

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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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‘Tis the Season for December Webinars

CPO Rising

As 2024 quickly approaches, Ardent Partners is ending the year with two exciting webinars focusing on trends related to Accounts Payable and Procurement. Take a moment to review our December offerings and register for both events.

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The Role of Strategic Purchasing in Streamlining Business Operations

Procurement Freelancers

Are you ready to uncover the hidden power of strategic purchasing?

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Excess Inventory: Causes, Consequences and How to Avoid it?

SCMDOJO

In today’s fast-paced business world, excess inventory can be a major hindrance to growth and profitability. Whether it’s unsold products taking up valuable storage space or excess & obsolete items tying up capital, having excessive inventory can lead to increased costs and decreased cash flow. That’s why streamlining your inventory management strategies is crucial for success.

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Best practices for hybrid cloud banking applications secure and compliant deployment across IBM Cloud and Satellite

IBM Supply Chain Blog

Financial Services clients are increasingly looking to modernize their applications. This includes modernization of code development and maintenance (helping with scarce skills and allowing innovation and new technologies required by end users) as well as improvement of deployment and operations, using agile techniques and DevSecOps. As part of their modernization journey, clients want to have flexibility to determine what is the best “fit for purpose” deployment location for their a

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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.