Mon.Nov 27, 2023

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Should I Electrify My Forklift Fleet? 5 Factors to Consider

All Things Supply Chain

With eco-friendly operations becoming more popular, many companies are considering a switch to electric-powered fleets. In fact, Statista projects that 60% of forklifts sold worldwide in 2030 will be electric.

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How can Procurement be used to Improve Compliance?

ProcurePort

Procurement as a Compliance Driver: Thorough vendor due diligence is essential, encompassing financial stability, adherence to labor laws, environmental practices, and ethical conduct. Proactively including compliance requirements in contracts ensures clarity, with regular audits facilitating continuous improvement and maintaining a compliant supply chain.

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White House creates cabinet-level supply chain council

Supply Chain Dive

After years of focusing on supply chains’ role in the economy, President Joe Biden is expanding high-level meetings on the topic.

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377: How AI is Improving Supply Chain Sustainability, with Dyci Sfregola and Hope White

Let's Talk Supply Chain

 It’s been a while since we brought you an episode of Thoughts and Coffee on Let’s Talk Supply Chain, but this recent episode was too good not to share. Because it was hosted by, not one, but two of our super talented live show hosts. Dyci Sfregola, host of Action Items, and Hope White, host of No Bullshipping, sat down to discuss how AI is changing the game when it comes to supply chain sustainability.

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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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Watch: It's a Great Time to Be a Logistics Service Provider

Supply Chain Brain

Logistics service providers are armed with expertise, data, technology and C-level executives who will listen to them, says Mike Riegler of One Network Enterprises.

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Compliance Risks Favor Large Global Apparel Retailers

SCMR (Supply Chain Management Review)

Companies across sectors are increasingly shifting manufacturing away from China in an effort to reduce vulnerability and exposure to rising labor costs. Research from Moody’s finds that large global apparel companies may fare the best when diversifying.

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More Trending

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Quantifying Scope 3 Emissions Creates a Roadmap for Business Longevity

Supply Chain Brain

Without visibility into Scope 3 emissions, companies lack the data to fully account for and demonstrate their carbon impact and risk to investors and partners.

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PayEm: Vendor Analysis — Procure-to-Pay solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of PayEm and its Intake-to-Pay (I2P) solution. PayEm is a relatively new vendor in the market. Since the introduction of its product in 2020, though, it has experienced rapid growth and garnered a substantial customer base that primarily consists of the middle market. The vendor specializes in intake and user configurable workflow creation, enabling customers to capture spend at the point in which employees incur spend.

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The Panama Canal Is So Backed Up Ships Are Rerouting Through the Suez

Supply Chain Brain

It’s unlikely that the Panama canal will be able to increase traffic until the rainy season starts in mid-2024, according to experts.

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IBM watsonx AI and data platform, security solutions and consulting services for generative AI to be showcased at AWS re:Invent

IBM Supply Chain Blog

According to a Gartner® report , “By 2026, more than 80% of enterprises will have used generative AI APIs or models, and/or deployed GenAI-enabled applications in production environments, up from less than 5% in 2023.”* However, to be successful they need the flexibility to run it on their existing cloud environments. That’s why we continue expanding the IBM and AWS collaboration, providing clients flexibility to build and govern their AI projects using the watsonx AI and

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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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Dealfeng Rotor Sail Installation Completed on Oil Tanker

Supply Chain Brain

The companies say a vessel using the rotor sails can achieve a reduction of around 8% of fuel and GHG emissions, while maintaining speed and travel time.

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Labor’s resurgence cannot be overlooked in procurement strategies

Supply Chain Dive

Here are five workforce-related issues procurement teams should consider when analyzing their supply chains.

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Amazon is Now the Biggest Delivery Business in the U.S.

Supply Chain Brain

Amazon has delivered more than 4.8 billion packages in the U.S. this year, and predicts it will deliver around 5.9 billion parcels, up from 5.2 billion last year.

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BMW supplier plans $500M South Carolina facility expansion

Supply Chain Dive

ZF Group's investment will upgrade the transmission plant's equipment to keep pace with the automakers' EV plans.

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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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ONE Launches West India-North America Service to Enhance Connectivity in India

Supply Chain Brain

The ocean carrier said the new service will be conducted via a fleet of nine vessels, all of which are operated by ONE.

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We’re attending Public Procurement and Purchasing Innovations Conference 2024

Positive Purchasing

Public Sector: The Future Starts Here Kick-start 2024 with the year’s largest public sector gathering! The Public Procurement and Purchasing Innovations Conference is the must-attend event for those steering, developing, and optimizing public services. It is expected to attract over 4000 visitors, over 2000 delegates, over 250 exhibitors and over 250 speakers!

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Convincing Gen Z To Choose Procurement

Una

Convincing Gen Z to Choose Procurement Learn how to capture the attention of Gen Z and convince them that procurement is a career that aligns with their values and aspirations. By Hugo Britt | November 28, 2023 Search Search Gen Z currently makes up almost one-third of the world’s population and will account for 27% of the workforce by 2025 – but are they interested in joining your procurement team?

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Ease into Excellence: Onboarding with Finale Inventory

Finale Inventory

Change can be daunting. The thought of integrating a new system or tool into your current process can often feel like preparing to climb a mountain – strenuous and time-consuming. But what if we told you that with Finale, it’s more like a stroll in the park?…because that’s our goal, and we’ve been told it’s the reality for our new users! At Finale, we’ve meticulously crafted our onboarding experience to be as painless and efficient as possible, recognizing the unique challenges faced

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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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Hidden In Plain Site: The Real Reason Harvard Business Review’s Recent Article on Unilever and Siemens Matters

Procurement Insights

“On Nov. 21, Harvard Business Review reported on how Scoutbee ’s customers, Unilever and Siemens , use our AI-powered solutions to swiftly find and engage with alternative suppliers during unexpected disruptions.” – Scoutbee LinkedIn post (Nov. 22nd, 2023) Two immediate thoughts came to mind when I saw the above post regarding the HBR article on Scoutbee clients Unilever and Siemens’ success in leveraging the company’s technology to find alternative suppliers

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A Simple Strategy to Handle Price Objections in Negotiations 

Negotiations Ninja

How do you protect your margin? If someone wants to negotiate the price of a deal, how do you navigate that as a salesperson? In a recent episode of Negotiations Ninja, Steve Benson emphasizes, “Where there is a price, there will always be objections to that price—especially in this economy.

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How to Save Your Supply Chain Project from Failure

Supply Chain Brain

Why do supply chain projects often fail?

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Procure-to-pay software: What is it and how does it boost efficiency and savings?

Fraxion

In modern business, the seamless management of procurement processes from initiation to final payment has become crucial for ensuring operational efficiency and financial transparency. To achieve this, organizations are increasingly turning to procure-to-pay software, solutions designed to streamline and optimize the entire procurement lifecycle.

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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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Magnus Mondays: Procurement Tech — Suites vs. Specialists Part Three: I Wish I Was Special

CPO Rising

In part 1 of this series, we introduced and framed the familiar topic of suites vs. specialists in the procurement solutions space. And last week in part 2, we looked at the benefits of selecting the broader suite approach.

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Attackers Who Held Israel-Linked Tanker Seized by U.S. Navy

Supply Chain Brain

The Houthis have promised to target Israel over its war against Hamas in the Gaza Strip, declaring themselves part of an "axis of resistance" of Iran-affiliated groups.

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