Thu.Oct 26, 2023

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The LEGO Sustainability Saga

Art of Procurement

“We can’t say we inspire and develop the builders of tomorrow if we’re ruining the planet.” – Tim Guy Brooks, Head. The post The LEGO Sustainability Saga appeared first on Art of Procurement.

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SAP’s Empowering Women in Supply Chain Seeks to Elevate a New Generation of Leaders

SCMR (Supply Chain Management Review)

While the percentage of women in supply chain jobs continues to grow, there remains a retention problem once they reach middle-management level positions. Darcy MacClaren of SAP is trying to change that.

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‘It has already begun’: Senate sounds off on climate disruption to supply chains

Supply Chain Dive

With droughts and heat waves affecting crops and shipping routes this year, the budget committee looked at the rising costs of extreme weather will have on supply lines.

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Convoy Likely Won’t Be the Last Brokerage Shutdown

SCMR (Supply Chain Management Review)

The shutdown of digital broker Convoy has sent shockwaves through the freight world, but it may not be the last freight brokerage to close its doors.

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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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UPS to acquire Happy Returns from Paypal

Supply Chain Dive

The logistics giant expects to leverage the tech firm’s software and operations expertise as it pushes for a frictionless reverse logistics experience.

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Spend Matters Future 5 2023 – Introducing akirolabs

Spend Matters

The procurement technology market is evolving rapidly and deploying the latest power that innovation can bring to support the changing and challenging needs of its customers. In an ever-crowded space it’s hard for those who rely on these platforms and systems to keep ahead of the latest developments. For that reason, Spend Matters analysts make it their mission to scour the market to find those new solution providers that can fulfil a very specialist role to fulfill the procurement needs of toda

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Spend Matters Future 5 2023 – Why we chose akirolabs

Spend Matters

Spend Matters is delighted to announce the 2023 roster for our ‘ Future 5 ‘ list. For the fifth year in a row, our analysts have highlighted five start-ups that excite them the most. This year, the five companies that have proven themselves as potential future trend setters are akirolabs, Calculum, dSilo, Mithra and ORO Labs. To warrant such attention, these vendors must have a product that is ideally 2 to 5 years old, is used by more than five customers and displays an innovative ap

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Amazon brings drone delivery to Texas neighborhood

Supply Chain Dive

Eligible customers in College Station can receive their prescription medication at home within an hour at no additional cost.

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Three Trends to Tackle in Creating a Resilient Supply Chain

Supply Chain Brain

Staying ahead of supply chain disruptions today is both art and science: the art of knowing the trends to prepare for, and the science of determining how to reduce risk and increase resilience.

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Hello Bello files for bankruptcy amid supply chain setbacks

Supply Chain Dive

The baby care company — founded by celebrities Kristen Bell and Dax Shepard — struggled with rising manufacturing and shipping costs.

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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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Amazon Injuries More Widespread Than Thought, Study Says

Supply Chain Brain

The new national study found that 69% of workers surveyed stayed home without pay to recover, including 34% who did so three or more times.

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Architect to operationalize your sustainability goals

IBM Supply Chain Blog

A corporate sustainability report is a comprehensive document that outlines a company’s efforts, policies, practices and performance related to social, environmental and economic sustainability. Corporate sustainability reports assess sustainability using three key parameters: environmental, social and governance , often abbreviated as ESG. This blog focuses on the importance of sustainability reference architecture and how it helps companies meet their sustainability goals, especially mee

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Naturepedic Says New Packaging Could Eliminate 55,000 lbs. of Waste Annually

Supply Chain Brain

Following the implementation of this technology, Naturepedic’s entire offering will be roll-packed in recyclable kraft paper rather than plastic.

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Operationalize and automate FinOps with Apptio Cloudability and IBM Turbonomic

IBM Supply Chain Blog

From traditional enterprises to the most innovative startups, organizations are using the public cloud. In fact, ESG Research found that 91% of all applications will eventually be hosted in the public cloud. That much investment has necessitated the FinOps movement , a cloud financial management discipline designed to bring financial accountability to the variable, consumption-based spend model of cloud.

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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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How a Fortune 500 Retailer Saved 10% Costs on Key Spend Categories By Partnering With GEP

SCMR (Supply Chain Management Review)

Transform your retail procurement with GEP - reduce costs, consolidate vendors, and increase efficiency. Read the case study now.

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S&P logged over 200 supply chain-related credit actions since 2020

Supply Chain Dive

In a recent report, the ratings agency traced how global volatility and disruptions can ripple into corporate finances.

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What Skills Does an ESG Procurement Manager Need?

Una

What Skills Does an ESG Procurement Manager Need? Organizations are feeling the need to fill highly-skilled ESG procurement manager roles to meet consumer demand for sustainable goods. By Hugo Britt | October 26, 2023 Search Search You don’t need a crystal ball to see that demand for ESG (Environmental, Social & Governance) Procurement Managers will continue to grow.

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Procurement 6 – October 27th, 2023

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – October 27th, 2023 appeared first on Art of Procurement.

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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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Example Legislation Page

SupplyShift

Legislation title Legislation info Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

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Days Inventory Outstanding: What Is It and How to Calculate It

Planergy

What's Planergy? Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Learn more We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy.

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UPS Battling Back from Volumes Loss; Announces Acquisition of Reverse Logistics Specialist

SCMR (Supply Chain Management Review)

UPS said consolidated revenue fell 12.8% in Q3, but that it was winning back business lost during contract negotiations with the Teamsters.

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Panel Argues U.S. Must Improve Monitoring of Chinese Seafood Supply Chains

Supply Chain Brain

The chairs of the CECC sent a letter to the U.S. Secretary of Homeland Security urging the department to publish an order to detain all shipments from Liaoning and Shandong.

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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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3 ways to migrate and deploy IBM Maximo on AWS Cloud

IBM Supply Chain Blog

A recent IDC report — The Business Value of IBM Maximo — that surveyed 9 companies with an average of 8,500 employees, found that after these companies adopted IBM Maximo, it resulted in: a business benefit of approximately USD 14.6 million, on average, per year per organization; 43% less unplanned downtime per year; and USD 8.6 million in total equipment cost avoidances annually.

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U.K. Meat Consumption Levels Were at a Record Low in 2022

Supply Chain Brain

The average Brit only consumed 1.88 lbs. of meat each week in 2022, a drop from 2.15 lbs. per week the previous year.

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The Market Speaks: Customer asks and challenges of buying during digital transformation

Spend Matters

The ascent of cost reduction and value creation as key focal points for the procurement professional is indisputable. The most direct avenue to addressing both aspects lies in enhancing the efficiency of procurement through dedicated source-to-pay and spend management platforms. This is why, when participating in the 2023 Spend Matters Deloitte Global Chief Procurement Officer (CPO) Survey , which Spend Matters Chief Research Officer Pierre Mitchell assisted in creating, CPOs cited digital trans

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UPS Lowers 2023 Revenue Forecast Due to Weak Delivery Demand

Supply Chain Brain

UPS cut its annual adjusted operating margin to between 10.8% and 11.3%, down from the previous forecast of 11.8%.

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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.

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User Adoption and the Rise of the AI Chatbots: The End of Maverick Spend, Vendor Rationalization and Change Management

Procurement Insights

As you read the title of today’s post, you may wonder what maverick spend, vendor rationalization and change management have to do with user adoption and AI Chatbots. The simple answer is the end of maverick spend , vendor rationalization , and change management. “So it’s [Merlin Assist Chatbot] is not just for information or for query.

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Ford, UAW Reach Tentative Collective Bargaining Agreement

Supply Chain Brain

Sources said the union and Ford took part in intense negotiations on October 24 and 25 in order to get a deal finalized.

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369: From Chaos To Clarity: Simplifying Global Customs Compliance

Let's Talk Supply Chain

  Last week on episode one of our brand new WiseTech Global mini-series, we weighed in one of the biggest industry discussions at the moment – visibility. I was joined by Gene Gander of WiseTech and Amna Shah of AHD Consulting, one of WiseTech’s service partners, to reflect on some big industry questions. What exactly does visibility mean and why is it so important?

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Podcast | Optimizing the Production Plan in a Constrained Supply Chain

Supply Chain Brain

The production plan is long overdue for automation and optimization.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.