Wed.Oct 18, 2023

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FedEx scaling program that reduces air fleet downtime

Supply Chain Dive

The logistics giant plans to expand the use of Mojix's inventory tracking platform, which keeps tabs on aircraft parts, beyond the U.S.

Inventory 110
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Scoutbee makes the leap from a ‘Provider to Watch’ to a ‘Provider to Know’ in the 2023 best-in-class procurement solution lists

Spend Matters

Spend Matters is once again delighted to release the ‘ 50 Procurement Providers to Kno w’ and ‘ 50 Procurement Providers to Watch ’ lists, announced at the SIG Global Executive Summit on October 17. For the tenth year in a row, our analysts have debated intensely to determine which companies across the procurement technology market sectors deserve closer attention as best-in-class or up-and-coming. ‘50 Procurement Providers to Watch’ are relative newcomers with innovative products that could pro

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GenAI in Logistics Begins With Understanding Use Cases

SCMR (Supply Chain Management Review)

Generative AI will quickly and significantly alter many aspects of supply chain — from overall strategy to the day-to-day activities of employees and their teams.

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3 Reasons to attend PrestoCon 2023: Embracing Open Source and Next-Gen Presto

IBM Supply Chain Blog

On December 5–6, 2023 at the Computer History Museum in Mountain View, CA, hundreds of developers and software engineers will come together at PrestoCon 2023 to support and learn more about Presto, the open-source SQL query engine for data analytics and the Open Data Lakehouse. Learn more about PrestoCon 2023 We’re excited for the future of Presto.

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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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BMW bolsters regional supply chain strategy with EV material deal

Supply Chain Dive

A new supplier in Canada and expanded production in South Carolina are advancing the automaker's "local for local" strategy to scale EV production.

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Webinar – A look behind the 50/50 and Future 5 selection process

Spend Matters

The Spend Matters analyst team will host a webinar ‘ Shaping the Future of Procurement : An Inside Look at the 10th Annual Spend Matters 50/50 Lists’ on Tuesday, October 31, 11:00 a.m. EST. The 50/50 and Future 5 are three lists which consist of 105 vendors. Each year, the Spend Matters analysts spend weeks whittling down the various vendors they have seen and demo’d over the year into these three lists.

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The Significance of Optimizing Your Supply Chain Network Design

SCMR (Supply Chain Management Review)

In today’s global supply chain, leaders must shift their focus toward building agility, resilience, and necessary redundancies within their respective supply chains.

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Rutgers Business School to Host Arkestro’s Museum of Procurement

Supply Chain Brain

The Museum will be located for a spell in Newark, N.J., in celebration of the procurement industry’s history and future.

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AI skills for all: How IBM is helping to close the digital divide

IBM Supply Chain Blog

AI has inspired millions of people around the world with ideas about what it can make possible. But this technological game changer has also provoked a lot of questions around how it will impact the world of work. Change is happening, and fast. Research from IBM’s Institute for Business Value (IBV) finds that executives estimate about 40% of their workforce will need to reskill over the next three years due to AI and automation.

Ethics 80
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Watch: What We Want in a WMS — Now and in the Future

Supply Chain Brain

Emmanuel Langlois, vice president sales with Generix Group, and Jean-Martin Roux, president of Onomatic, discuss the changes in warehouse management systems that we can expect to see in the next five years.

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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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Watsonx Orders helps restaurant operators maximize revenue with AI-powered order taker for drive-thrus

IBM Supply Chain Blog

We’re pleased to announce IBM watsonx Orders, an AI-powered voice agent for drive-thrus of quick-service restaurants. Powered by the latest technology from IBM Research, watsonx Orders is designed to help restaurant owners solve persistent labor challenges by handling almost all orders and interactions without the help of human cashiers, while delighting restaurant guests with quick service and accurate orders.

Import 79
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DOL won’t extend overtime rule comment period

Supply Chain Dive

Stakeholder submissions for the rule, which would expand overtime eligibility to those paid about $55,068 per year, will still be due Nov. 7.

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China Says the Move to Limit Chips Will Hurt Supply Chains, Cause Big Losses

Supply Chain Brain

The export control revisions announced October 17 aim to prevent the use of chips in military applications, including the development of artificial intelligence as well as hypersonic missiles.

Export 59
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Long-term air freight commitments rise in September

Supply Chain Dive

The increase comes as shipper confidence in the global air freight market stabilizes, according to Clive Data Services.

Data 82
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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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India Extends Sugar Export Curbs in Risk to World Supply

Supply Chain Brain

The government will continue its curbs on overseas shipments of the sweetener beyond October 31, according to a notice from the Directorate General of Foreign Trade on October 18.

Export 52
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Supplier-friendly brands can deliver ESG

HICX

Let’s fix the supplier data problem and set up sustainability for success, writes Costas Xyloyiannis, supplier experience expert and chief executive of HICX. Complex tech setups used to work with suppliers corrupt their data. Leaders can secure reliable ESG data by helping procurement drive data-based goals. It’s time to fix how we work with suppliers once and for all and futureproof ESG.

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The Importance of Procurement for Small and Medium Enterprises (SMEs)

Barkers Procurement

As a small or medium enterprise, making your resources go as far as possible counts and procurement plays an integral part in this. In this blog we review why robust procurement is so crucial for SMEs. Procurement creates consistency and transparency as the business grows A good procurement strategy that addresses contract management, supplier selection and supplier management can deliver consistency and transparency as the business grows.

Import 52
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The Three Big Questions Service Providers Are Starting To Ask?

Procurement Insights

More and more CPOs are now actively looking beyond the logos to see who is behind the service provider from the procurement and supply chain industry experience and expertise standpoint. In the coming months and years, the experience and expertise will become more important than the technology and a logo placement on a chart. Queue The Who song “Who are you!

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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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P.O. Tracing

SupplyShift

P.O. Tracing The Uyghur Forced Labor Prevention Act (UFLPA) guidance now assumes that goods from Xinjiang were produced with forced labor. Because of this, goods can be detained and your company must rebut any assumptions of forced labor by providing evidence of sourced goods. Learn More Identify & Stop Forced Labor In Your Supply Chain Having a human rights due diligence system in place is imperative!

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366: Blended – Leveling The Playing Field: What Women Have To Think About Vs Men

Let's Talk Supply Chain

 Welcome back to Blended! It’s episode 37, I’m joined by another new group of professionals, who are bringing their authentic selves to conversations that matter and, today, we’re talking about the differences between what men and women have to think about when they’re out living their lives. Many of you will have seen memes or articles shared on social media with some of these differences.

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43 Contract Management Statistics Ahead of 2024

ContractSafe

Contracts bind, guide, and set the pace for every transaction, partnership, and agreement in the business world. But as the landscape evolves, so does the art and science of effective contract management.

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Corporate Travel Program: How To Create a Program for Employer and Employee Needs

Planergy

What's Planergy? Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Learn more We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy.

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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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Case Study: NXP Semiconductors

Skill Dynamics

NXP Semiconductors (NXP) , is a global designer and manufacturer headquartered in The Netherlands. NXP designs purpose-built, rigorously tested technologies that enable devices to sense, think, connect and act intelligently to improve people’s daily lives. To ensure their team can create breakthrough technologies that make the connected world better, they’re committed to continued learning for their team members.

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Building Trust in Supply Chains

Supply Chain Brain

As supply chains continue to navigate unprecedented challenges – from product and labor shortages to generational workforce shifts and accelerated digital transformations – building ecosystem trust will be critical to business success.

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The Impact of Employee Skill Proficiency on Business, Innovation, and Supply Chain Performance

Skill Dynamics

Effective and skilled employees are the backbone of any successful organization. Simply put, if your employees can excel at the day-to-day tasks that make up their role, they will drive significant value for your organization. Additionally, if your employees are highly proficient, they can help to create an atmosphere that fosters innovation and can even influence your business’ stock market performance.

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Chevron Australia, LNG Workers Agree on Deal One Day Before Strikes

Supply Chain Brain

The Offshore Alliance union representing workers at the Gorgon and Wheatstone plants said that it called off strike actions scheduled for October 19.

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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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Procurement News — October 18, 2023

CPO Rising

Welcome to Procurement News, part of our ongoing aggregate news series covering recent supply management headlines and trends pertinent to Chief Procurement Officers and other procurement leaders. Contact us with your news story here.

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Volta Trucks Files for Bankruptcy Following Supply Chain Breakdowns

Supply Chain Brain

The decision to file for bankruptcy comes just two months after the organization’s battery supplier, Proterra Inc., also filed for bankruptcy.

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San Francisco Chronicle: AI is going to disrupt supply chains. How that happens is still up to us

Arkestro

The post San Francisco Chronicle: AI is going to disrupt supply chains. How that happens is still up to us appeared first on Arkestro.

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Walmart Opens Texas-Based High-Tech Fulfillment Center

Supply Chain Brain

The 1.5 million-square-foot venue is located just 15 miles south of Dallas at 2500 Belt Line Road in Lancaster.

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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.