Wed.Sep 27, 2023

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Unlocking Efficiency and Savings: The Benefits of E-Sourcing Tools in Procurement

ProcurePort

In today’s fast-paced business landscape, procurement plays a pivotal role in an organization’s success. Efficient procurement processes can lead to substantial cost savings, improved supplier relationships, and enhanced overall competitiveness. To achieve these objectives, many businesses are turning to e-sourcing tools, revolutionizing the traditional procurement landscape.

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FedEx testing AI-powered, trailer-loading robots

Supply Chain Dive

The collaboration with Dexterity AI aims to help the delivery giant more efficiently load the wide variety of shipments it handles.

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Indian Bodies Call for Temporary Pause on Rough Diamond Imports

Supply Chain Brain

The appeal only focuses on the voluntary suspension of importing rough diamonds, meaning Indian diamond manufacturers will be allowed to continue their operations without interruption.

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FTC, 17 states sue Amazon for ‘exploiting its monopoly power’

Supply Chain Dive

The e-commerce giant defended the practices outlined in the lawsuit, saying they “spur competition and innovation across the retail industry.

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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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Episode 134: The Complexity of Navigating the Panama Canal with Kris Lance

Una

EPISODE 134 The Complexity of Navigating the Panama Canal with Kris Lance By Kelly Barner | September 27, 2023 40 percent of all U.S. shipping containers travel through the Panama Canal each year, representing an annual cargo value of $270 Billion. It is the shortest operational ocean route between the Atlantic and Pacific oceans, and plays a critical role in U.S. supply chains and those of global trading partners as well.

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‘Shock and dismay’: Bankrupt Mitchell Gold has thousands of furniture shipments stuck in logistics limbo

Supply Chain Dive

Ryder and other providers are storing millions of dollars worth of products in warehouses as they await payment from a company that is out of cash.

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Zipline’s drone delivery plans expand with key FAA exemption

Supply Chain Dive

The company joins the likes of UPS in being able to operate commercial drones beyond the visual line of sight.

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Forecasting the Supply Chain Impact of Autoworkers’ Strike

SCMR (Supply Chain Management Review)

The longer the United Auto Workers remain out on strike, the greater the impact it will have on the automotive supply chain.

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Debunking observability myths – Part 6: Observability is about one part of your stack

IBM Supply Chain Blog

In our blog series, we’ve debunked the following observability myths so far: Part 1: You can skip monitoring and rely solely on logs Part 2: Observability is built exclusively for SREs Part 3: Observability is only relevant and beneficial for large-scale systems or complex architectures Part 4: Observability is always expensive Part 5: You can create an observable system without observability-driven automation Today, we’re delving into another misconception about observability—

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Automating the Cold-Chain Warehouse

Supply Chain Brain

In automated cold-storage warehouses, WMS, automated receiving technologies, computer vision systems, algorithms, visibility platforms and machine learning capabilities all work in tandem to create end-to-end process automation.

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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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Where is your company on the Technology Adoption Curve?

Procurement Insights

What are the benefits of technology adoption – including AI? According to a June 2023 TechTarget article , there are twelve, including better decisions, efficiency and productivity gains, improved speed of business, and so forth. I am sure you can think up many more. So, in the spirit of today’s post title – recognizing all of these great benefits, where is your organization or company on the AI technology adoption curve (see graph below).

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Three Critical Tracks for Embedding ESG in Supply Chain

SCMR (Supply Chain Management Review)

Supply chain leaders can be a powerful force for change as ESG is integrated into a company, or they can be a roadblock resisting change.

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COVID-19 test makers get federal funds to boost production capacity as cases rise

Supply Chain Dive

A dozen domestic test manufacturers will get $600 million from the U.S. government to aid in the efforts.

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The Role of Technology in Modern Procurement: A Guide for Agents

Procurement Freelancers

With the advent of modern times, technology has played a significant role in purchasing behaviour.… The post The Role of Technology in Modern Procurement: A Guide for Agents first appeared on Procurement Blog | Procurement & Supply Chain News.

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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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Flexe lays off 33% of its workforce

Supply Chain Dive

The job cuts are expected to begin in November in Seattle.

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Externally Strong, Internally Weak: How to Manage Rugged Devices

Supply Chain Brain

Rugged devices are complex amalgamations of hardware and software, each reliant on the other for optimal performance. Achieving harmony between these elements can be a difficult task.

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Procurement News — September 27, 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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Germany Pauses EV Charging Subsidy Program

Supply Chain Brain

The program, which was given a $317 million budget by the transportation ministry for 2023, received almost 33,000 applications in the 24 hours after it was launched.

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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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Open source large language models: Benefits, risks and types

IBM Supply Chain Blog

Large language models (LLMs) are foundation models that use artificial intelligence (AI), deep learning and massive data sets, including websites, articles and books, to generate text, translate between languages and write many types of content. There are two types of these generative AI models: proprietary large language models and open source large language models.

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QatarEnergy, HHI Sign $3.9B Deal for 17 LNG Vessels

Supply Chain Brain

This order marks the next phase in QatarEnergy’s ship acquisition program, which supports the expansion of its Golden Pass LNG export and North Field LNG projects.

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Closing the breach window, from data to action

IBM Supply Chain Blog

Accelerate threat detection and response (TDR) using AI-powered centralized log management and security observability It is not news to most that cyberattacks have become easier to launch and harder to stop as attackers have gotten smarter and faster. For those defending against cyberthreats, things continue to get more complicated. The list of challenges is long: cloud attack surface sprawl, complex application environments, information overload from disparate tools, noise from false positives

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U.K. Gets Ready for Flu Pandemic With 100 Million Vaccine Shots Deal

Supply Chain Brain

Public health experts have criticized rich countries for being too slow to make vaccines available to the developing world during the COVID pandemic.

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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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Fairmarkit Launches AI-Powered Automated Procurement Tool

Supply Chain Brain

The new tool allows procurement teams to create and manage requests for proposals (RFPs) while connecting suppliers with customers.

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Trafigura Gets $500M to Buy Saudi’s Non-Crude Commodities

Supply Chain Brain

The three-year deal gives Trafigura a big new chunk of credit for trading at a time when energy prices are rising again.

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