Wed.Sep 13, 2023

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The power of diversity in procurement: Driving business success through inclusion — Part 3 (Technology)

Spend Matters

In today’s diverse society, businesses have a crucial role to play in fostering equality and inclusion. However, the business world often needs to improve to reflect the true diversity of society, both within companies and in their supply chains. To bridge this gap, organizations are increasingly embracing the concept of supplier diversity in their procurement processes.

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Watch: A Look at DOT's FLOW Data-Connection Initiative

Supply Chain Brain

Andrew Petrisin, supply chain advisor with the U.S. Department of Transportation, describes the role of the agency's Freight Logistics Optimization Works (FLOW) initiative.

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Trending Sources

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G-III slashes inventory by 23% but is ‘not giving it away’

Supply Chain Dive

After last year’s glut, the apparel company has cleared out stock and reined in purchases to free up cash, cut costs and reduce debt.

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Ramping Up Supply Chain Resilience with AI-Powered CLM

Supply Chain Brain

Business systems can’t operate with true effectiveness as stand-alone functions; they must work together for businesses to harvest the most value from their data.

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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

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Ubotica partners with IBM for one-click deployment of space AI applications

IBM Supply Chain Blog

Space AI leader Ubotica Technologies is partnering with IBM to leverage IBM cloud infrastructure and watsonx.ai components, intending to simplify the process for a developer to get their application running onboard a satellite. With a single click, mutual customers will be able to securely deploy their AI models directly to satellites that use the Ubotica CogniSAT TM platform.

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Threatened UAW Strike Could Cause ‘Turmoil’ in Entire Auto Supply Chain

Supply Chain Brain

The strike deadline set by the United Auto Workers union, which is negotiating with the so-called Detroit Three automakers is September 14, a minute before midnight.

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UPS, Teamsters deal could ramp up wage pressure for logistics firms

Supply Chain Dive

Rival FedEx has already laid out plans to increase wages for its employees in October.

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Companies need help making the dream of digital transformation a reality

IBM Supply Chain Blog

The term digital transformation gets so much play these days that it’s almost become a cliché But experts from Frost & Sullivan believe that for most organizations, there’s a sizeable gap between dream and reality. Digital transformation drives many IT investments, with a focus on adapting to new work models and customer expectations, increasing capacity to respond to higher demand, managing growth with fewer resources, enhancing eCommerce capabilities, and supporting securi

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Fleet Enable Launches Free Electronic Data Interchange Offering

Supply Chain Brain

The new service will allow freight haulers to receive digital orders and send return responses to their partners without manual intervention.

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TrusTrace develops garment tracking system in advance of EU regulations

Supply Chain Dive

The traceability platform's digital product tags aim to boost textile transparency and sustainability.

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Exploring the Advantages and Hurdles of Direct Store Deliveries

Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027. Download this eBook for exclusive insights into direct store deliveries, challenges, benefits, and future trends.

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Diesel Supply Strains Deepen While Trucking Demand Recovers in U.S.

Supply Chain Brain

At risk are farmers who need diesel to harvest crops and homeowners who rely on its sister fuel, heating oil, to get through the winter.

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Certinal Named a “Leader” in IDC MarketScape: Worldwide eSignature Software 2023 – Why It Matters

Procurement Insights

Wilmington, Delaware – September 12th, 2023 — In a remarkable testament to its rapid rise and unwavering commitment to excellence, Certinal has proudly been recognized as a Leader in the IDC MarketScape: Worldwide eSignature Software 2023 Vendor Assessment (doc #US49646923, September 2023). Renowned for its pioneering achievements in AI innovation, seamless implementation, and robust security measures, Certinal eSign has achieved this significant milestone within just two years of its inception.

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C.H. Robinson Opens 400,000-Square-Foot Logistics Facility in Texas

Supply Chain Brain

The venue has 154 dock doors that can support up to 700 trailers, making it one of the largest cross-docking facilities in Laredo, Texas.

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Episode 132: The Innovative Power of Raw Curiosity with Wes Davis

Una

EPISODE 132 The Innovative Power of Raw Curiosity with Wes Davis By Kelly Barner | September 13, 2023 In 1918, Henry Ford, Thomas Edison, Harvey Firestone, and naturalist writer John Burroughs took one of many long distance road trips together. The combination of their unique forms of genius, especially when viewed against the backdrop of WWI and the Influenza pandemic, makes it possible to see just how critical their curiosity was to every form of success they achieved.

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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.

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India Planning New Policy to Attract EV Manufacturers, More Investment

Supply Chain Brain

American car maker Tesla has held ongoing talks with Indian PM Narendra Modi's administration to build a factory in the country.

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Carrier Complexity: The Case for Outsourcing Transportation

SCMR (Supply Chain Management Review)

The days of choosing a transportation provider based on the best rates are long gone. Now, brands must consider a number of other criteria.

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ABB Group Investing $280M in Swedish Robotics Hub

Supply Chain Brain

The new campus, which will allow ABB to expand its production capacity by 50%, is scheduled to be opened in late 2026.

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IBM Cloud for Payments is an imperative, not a nice-to-have

IBM Supply Chain Blog

The global digital payments ecosystem continues to evolve as new and incumbent financial institutions, payment networks, central banks, governmental agencies, businesses and other market players push for innovation. They all work toward the common goal of creating secure, compliant, real-time, ubiquitous and low-cost payment rails. Payment rails are the most critical element when thinking about payments No matter their size, scope or sector, all businesses that handle transactions and transfers

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How One Manufacturer Used GEP SOFTWARE To Save $45M in Direct Material Sourcing

For global manufacturers, managing direct and indirect material spend can get very complicated very quickly. Multiple legacy systems prevent procurement from standardizing processes and tracking what they’re spending with each supplier. In response to these challenges, a leading heavy equipment manufacturer selected GEP to redesign its source-to-contract processes and implement a convergent data model to help manage procurement data across its multiple locations.

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Chevron, LNG Facility Workers to Hold Tribunal to Resolve Strike

Supply Chain Brain

Chevron is hoping the Fair Work Commission will force workers to cancel the strike and make a deal with the company.

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Unlock innovation today and for tomorrow with a future-ready digital infrastructure

IBM Supply Chain Blog

As the digital revolution gains momentum, we’ve seen that businesses worldwide are intensifying their efforts to deliver intelligent and seamless digital experiences by leveraging data-driven automation. I have seen how the gradual pace of digital transformation over the past decade has now given way to a comprehensive, large-scale digital reinvention.

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Unlocking Cost Savings: The Role Of A Purchasing Consultant In Optimising Procurement Strategies

Procurement Freelancers

In an era where every penny counts, businesses are seeking ways to streamline their operations… The post Unlocking Cost Savings: The Role Of A Purchasing Consultant In Optimising Procurement Strategies first appeared on Procurement Blog | Procurement & Supply Chain News.

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How generative AI is revolutionizing supply chain operations

IBM Supply Chain Blog

Supply chains are under enormous stress. As supply chain leaders, we’ve seen unprecedented levels of disruption, challenges with our ecosystem trading partner networks, tariff wars, real wars and tremendous turnover in human capital. Senior supply chain leaders are retiring in record numbers. Welcome or not, large scale change is afoot in our profession.

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ABM Success Recipe: Mastering the Crawl, Walk, Run Approach

Shifting to an account-based marketing (ABM) strategy can be both exciting and challenging. Well-implemented ABM motions build engagement with high-value accounts and drive impactful campaigns that resonate with your audience. But where do you begin, and how do you progress from crawling to running? Watch now as Demand Gen experts delve into the essentials of each stage of the ABM process.

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Westfall Technik Tackles the Ultra Competitive Procurement Marketplace of Plastics Manufacturing with Arkestro’s Predictive Models

Arkestro

Case Studies / Westfall Technik Tackles the Ultra Competitive Procurement Marketplace of Plastics Manufacturing with Arkestro’s Predictive Models Westfall Technik Tackles the Ultra Competitive Procurement Marketplace of Plastics Manufacturing with Arkestro’s Predictive Models A global contract manufacturer who primarily molds plastic parts on demand for more than 250 different companies, utilizes Arkestro to streamline their procurement process and make data driven decisions.

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NRF acquires Reverse Logistics Association

Supply Chain Dive

The acquisition will help the industry group to collaborate and develop resources in the return and reverse logistics industry.

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Technology Round-Up — September 13, 2023

CPO Rising

CPO Rising’s Technology Round-Up Series returns today with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend management solution provider and you are continually innovating the way that procurement and supply chain leaders and practitioners drive value, we’d love to hear from you.

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Fraxion Earns Coveted Spot as a Spend Management Software Category Leader on GetApp

Fraxion

We're thrilled to share that Fraxion has achieved recognition as a Category Leader on GetApp in the spend management software category for 2023. This accomplishment reflects the valuable insights and feedback from our customers, as well as the hard work of our dedicated team behind the software's development and support.

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The Cost-Plus World of Supply Chains: The Macroeconomic and Geopolitical Environment

From new pricing strategies and material substitutability to alternative suppliers and stockpiling, a new GEP-commissioned Economist Impact report reveals that enterprises are adopting a variety of approaches underpinned by data and technology. In "The Cost-Plus World of Supply Chains: The Macroeconomic and Geopolitical Environment," you'll find lessons from AT&T and GSK on managing today’s supply chain disruptions.