Tue.Feb 13, 2024

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14 Reasons Why Procurement Shouldn’t be in Charge of Valentines Day

Procurement Templates

Happy Valentines day, here is some procurement satire for February the 14th! Lack of Emotional Sensitivity: Procurement departments are typically focused on logistics, cost-effectiveness, and efficiency, which may not align with the emotional nuances and sentimentality of Valentine’s Day. Limited Creativity: Procurement professionals are trained to streamline processes and optimize resources, but they may lack the creativity needed to plan and execute romantic gestures and surprises effect

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How 3D Printing Will Change Supply Chains and Improve Sustainability

Supply Chain Brain

As the technology has advanced and become more available, 3D printing is expected to become an integral part of many industries’ operations and could ultimately help companies achieve sustainability goals.

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Generative AI use cases for the enterprise

IBM Supply Chain Blog

Remember how cool it felt when you first held a smartphone in your hand? The compact design and touch-based interactivity seemed like a leap into the future. Before long, smartphones became a way of life for organizations worldwide because of all they offer for business productivity and communication. Generative AI ( artificial intelligence ) promises a similar leap in productivity and the emergence of new modes of working and creating.

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The Red Sea Crisis Could Disrupt the U.K.’s Tea Supply

Supply Chain Brain

The British Retail Consortium said that it had noticed a “temporary disruption” to some black tea lines, while an industry source suggested that some flavored lines had been delayed.

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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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ArcBest debuts line of automated forklifts, reach trucks

Supply Chain Dive

The company has piloted the remotely operated equipment in customers' distribution centers and manufacturing facilities, CEO Judy McReynolds said in an interview.

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Study Reveals Gap in AI Adoption and Sustainability Goals in Logistics Industry

Supply Chain Brain

Further, despite the global emphasis on sustainable practices, the study reveals low prioritization of sustainability among logistics companies.

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Watch: LogistiVIEW’s New WES to Be Showcased at Modex 2024

Supply Chain Brain

Seth Patin, founder and chief executive officer of LogistiVIEW , previews the company's new FlowEP Warehouse Execution System, to be showcased at Modex 2024 in Atlanta March 11-14.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one.

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The re-rise of conversational AI for procurement efficiency and how to integrate it into your processes

Spend Matters

Neither oral nor text-based conversational AI (also known as conversational user experience [CUX] and conversational interfaces [CUI] the latter of which include chatbots) is by no means new, despite the relatively recent prolific uptake by procurement solution vendors. CUIs and CUXs were hot topics 10 years ago due to the popularization of Siri (Apple), Cortana (Microsoft), Alexa (Amazon), Google Assistant and Facebook’s M.

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VC Firms Invest Billions in PRC Companies, Fueling Uyghur Genocide, Report Says

Supply Chain Brain

The five firms invested over $1.9 billion in artificial intelligence companies that support either the Chinese military or China’s human rights abuses.

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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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UPS launches new Saturday home delivery service in Canada

Supply Chain Dive

The offering is currently available in Toronto's greater metropolitan area, and it will expand to more locations by March.

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Assessing SPS Commerce In Pictures

Procurement Insights

EDITOR’S NOTE: The following is a series of screen shots covering the years 2019 to 2024 based on a Google search of SPS Commerce. The search was inspired by the first picture, which was taken from a video the company posted on LinkedIn 5 Days ago. Subsequent screen shots were the result of using search terms like SPS competitors, ratings, analyst reviews etc.

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Application performance optimization: Elevate performance and reduce costs

IBM Supply Chain Blog

Application performance is not just a simple concern for most organizations; it’s a critical factor in their business’s success. Driving optimal application performance while minimizing costs has become paramount as organizations strive for positive user experiences. These experiences can make or break a business, that’s why prioritizing high performance among applications is non-negotiable.

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How Flexport improves ocean transit times with machine learning

Supply Chain Dive

The technology has helped boost transit times by 20%, CEO Ryan Petersen said at Manifest Vegas 2024.

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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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GHG Protocol Decoded: Tech Solutions for Scope 3 Reporting

Procurement Software

This article is a guest post by Trust Your Supplier and was originally on their website here. The Scope 3 emissions segment of the GHG Protocol (Greenhouse Gas Protocol) are often referred to as “value chain emissions”. These are a part of the GHG Protocol’s corporate standard for greenhouse gas accounting. These emissions are generally the most significant share of an organisation’s carbon footprint.

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Primark expands US footprint with Florida distribution center

Supply Chain Dive

The fashion retailer is importing cargo through the Jacksonville Port Authority.

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WEBINAR | Digital Category Management – Better, faster, but is it robust?

Positive Purchasing

Can Digital Category Management Enhance Efficiency Without Sacrificing Human integrity? We’re tackling this of-the-moment topic during our upcoming webinar, Digital Category Management – Is it Robust, Faster and Better? , on Monday 26 February at 3PM GMT/10AM ET. We will discuss digitizing Category Management and question whether a machine could really replace the business engagement and breakthrough thinking in traditional, well applied Category Management.

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Start-Up CDL 1000 Acquiring Competitor Next Trucking

Supply Chain Brain

CDL 1000 founder Andrew Sobko said that this acquisition, as well as the company’s purchase of Hickory Transportation Services in November, will allow the organization to expand its services nationwide.

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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 8 Best Lead Generation KPIs for Managing Your Business

The Thomas Blog

There is a wide seam of advisories and information pieces that guide marketing and sales teams in planning, executing, tuning, and reviewing lead-generation efforts and expenditures. Some of these advisories describe as many as 15 or more key performance indicators (KPIs) that can be used to assess success in terms of return on investment (ROI). Many of these can be differentiated additionally, to refine more indicators that can be useful.

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IATA's World Cargo Symposium Focuses on Driving Sustainable and Inclusive Growth

Supply Chain Brain

Air cargo is an unsung hero of the global economy. In normal times, it delivers some 35% of the value of goods traded across borders. In the pandemic, air cargo brought medical supplies and vaccines to where they were needed. And today it is providing a vital transport alternative for some products as Red Sea shipping lanes face geopolitical uncertainty.

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Top Priorities for IT Spend in 2024

Art of Procurement

Technology spend poses a unique set of challenges for procurement. Cost increases, waste and inefficiency, a crowded marketplace, and the. The post Top Priorities for IT Spend in 2024 appeared first on Art of Procurement.

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OPEC Report Shows Uneven Delivery of New Oil Production Cuts

Supply Chain Brain

The Organization of Petroleum Exporting Countries and its allies pledged significant output curbs this quarter in a bid to avert a surplus and shore up global prices.

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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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Panasonic, Novonix sign synthetic graphite supply deal

Supply Chain Dive

The deal will help the battery maker as it launches its Kansas factory, which is expected to supply automakers like Tesla and Mazda.

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Diamondback, Endeavor Merge in $26B Deal Amidst Rush for Drilling Land

Supply Chain Brain

Diamondback Energy agreed to acquire Endeavor Energy Resources, creating a new entity with a market value of roughly $50 billion.

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