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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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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Data breach prevention: 5 ways attack surface management helps mitigate the risks of costly data breaches

IBM Supply Chain Blog

Organizations are wrestling with a pressing concern: the speed at which they respond to and contain data breaches falls short of the escalating security threats they face. An effective attack surface management (ASM) solution can change this. According to the Cost of a Data Breach 2023 Report by IBM, the average cost of a data breach reached a record high of USD 4.45 million this year.

Data 101
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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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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: 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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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.

More Trending

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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.

Logistics 113
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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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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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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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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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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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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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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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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.

Data 88
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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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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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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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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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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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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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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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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.

Data 100
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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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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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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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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.