Thu.Jan 11, 2024

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Introducing Art of Supply

Art of Procurement

Effective today, Dial P for Procurement is the Art of Supply podcast. Building on the strength of the category-leading Art. The post Introducing Art of Supply appeared first on Art of Procurement.

Supply 143
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Five Stops on a Road Map to the ‘Perfect Order’

Supply Chain Brain

Companies planning longer-term fulfillment strategies for growth and resilience will need direction in reaching "order and delivery excellence," allowing them to move beyond siloed operations.

Strategy 130
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Extreme weather is 2024’s top supply chain risk: Everstream

Supply Chain Dive

Wildfires, rains and droughts could cause shipping delays, while agricultural commodities might face shortages from weather and other factors, the analytics firm said.

Risk 113
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Modernizing mainframe applications with a boost from generative AI

IBM Supply Chain Blog

Look behind the scenes of any slick mobile application or commercial interface, and deep beneath the integration and service layers of any major enterprise’s application architecture, you will likely find mainframes running the show. Critical applications and systems of record are using these core systems as part of a hybrid infrastructure. Any interruption in their ongoing operation could be disastrous to the continued operational integrity of the business.

Data 106
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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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Federal program aims to solidify food supply chains

Supply Chain Dive

Regional hubs across the country are supporting the growth of local agriculture, tailoring services based on the area of the country and the farmers involved.

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Business disaster recovery use cases: How to prepare your business to face real-world threats

IBM Supply Chain Blog

Successful business owners know how important it is to have a plan in place for when unexpected events shut down normal operations. Modern enterprises face many types of disasters, including pandemics, cyberattacks , large-scale power outages and natural disasters. Last year, companies around the world spent close to USD 219 billion on cybersecurity and security solutions, a 12% increase from the previous year according to the International Data Corporation (IDC) (link resides outside ibm.com.

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Can Data Solve Retail’s Goldilocks Problem?

SCMR (Supply Chain Management Review)

Retailers are notorious for either having too much or too little stock, but new technology and data collection may be the answer to getting inventory just right.

Data 91
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China’s Chip Output May Double in Five Years, Barclays Says

Supply Chain Brain

Most of that additional production capacity could be added in the next three years, based on an analysis of 48 chipmakers with fabrication plants in mainland China, the research showed.

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Predictions for the future of the CLM market

Spend Matters

While 2023 was not necessarily a transformative year for the typically innovative area of contract lifecycle management (CLM), it did lay the groundwork for the market’s future. Of course, much of this is due to generative AI (GenAI). Many CLM providers unveiled GenAI-based chatbots throughout the year, with some also developing or releasing more advanced features.

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Watch: Promoting Sustainability in the Warehouse Environment

Supply Chain Brain

Mark McCleary, chief technology officer with Lucas Systems, discusses the push for greener operations in the warehouse, particularly in the area of packaging.

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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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Holiday demand boosts December air cargo rates

Supply Chain Dive

Despite the busier month, Xeneta’s Clive Data Services 2024 outlook remains unchanged with an anticipated 1% to 2% increase in demand.

Demand 91
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UN Security Council Demands End to Red Sea Houthi Attacks

Supply Chain Brain

The resolution also called on the Houthis to release the Galaxy Leader ship, a Japanese-operated car carrier linked to an Israeli businessman that was commandeered by the group November 19.

Demand 81
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New Year Insights for the procurement solutions and services marketplace 2024: Prevalent

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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Microsoft Joins Forces with Industry Partners to Create Retail Cloud Alliance

Supply Chain Brain

Microsoft and its partners will work together to develop resources that will educate retailers on how to properly use cloud technology to improve their business.

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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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Tea company insources fulfillment after third-party delays

Supply Chain Dive

DavidsTea's transition has led to an improvement in the overall customer experience, executive Frank Zitella said.

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Half of Supply Chain Orgs Will Implement GenAI in the Next Year

Supply Chain Brain

Only about 2% of respondents said that they have no plans to implement GenAI in their operations over the next 12 months.

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5 ways IBM helps manufacturers maximize the benefits of generative AI

IBM Supply Chain Blog

While still in its early stages, generative AI can provide powerful optimization capabilities to manufacturers in the areas that matter most to them: productivity, product quality, efficiency, worker safety and regulatory compliance. Generative AI can work with other AI models to increase accuracy and performance, such as augmenting images to improve quality evaluation of a computer vision model.

Quality 70
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Port of New York and New Jersey cargo volumes fell 11% YoY in November

Supply Chain Dive

The East Coast port processed 644,439 total TEUs for the month, down 13% compared to October.

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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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The ISM ThomasNet Top 30 Under 30 Class of 2017: Where are they now?

Procurement Insights

30-under-30-final Download In 2017 – and the years previous to that, ISM and ThomasNet asked me to cover their Top 30 Under 30 Rising Stars program. During that time, I had the opportunity to talk with many enthusiastic procurement professionals who were energized and enthusisatic about joining our industry. In short, rather than just “falling into procurement,” they chose to pursue it as a career.

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Want to supply the Public Sector? – You Will Need a Credible Social Value Strategy

Positive Purchasing

Written by Guy Battle , the CEO of Social Value Portal. Guy is also chair of Riversimple Ltd , co-chair of the Public Sector Chapter of the Sustainable Procurement Pledge in the UK, and has also been a lead partner with Deloitte Sustainability Services. What is Social Value? Let me start with a quick definition of Social Value. It is about social, economic and environmental impact and most importantly, Social Value focusses on people – putting society at the centre of everything.

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Procurement 6 – January 12th, 2024

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – January 12th, 2024 appeared first on Art of Procurement.

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Strategies for SMBs Amid the Amazon Effect’s ‘Fast Shipping’ Craze

Supply Chain Brain

While retail giants like Amazon.com can often absorb the high cost of fast shipping, small and medium-sized businesses don’t necessarily have that luxury.

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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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2023 AP Honors Profile: A Calling to Lead

CPO Rising

The inaugural AP Honors Ceremony celebrated the accounts payable profession and recognized excellence in the field.

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Trucking Industry Bodies Oppose New DOL Classification Rule

Supply Chain Brain

Members of the trucking industry argue the new rule, which rolls back a Trump-era standard for employee classification, could create uncertainty for truck drivers and the organizations that employ them.

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