Wed.Dec 20, 2023

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The Final Wrap-up of this year – the ATSC Awards 2023

All Things Supply Chain

It’s that time of year again for recaps, and the All Things Supply Chain blog has traditionally joined in this positive habit.

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How Generative AI Promises to Transform Procurement

Supply Chain Brain

As the landscape of supply chains grows increasingly complex and data-driven, the role of artificial intelligence becomes more critical in streamlining procurement processes.

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New Year Insights for the procurement solutions and services marketplace 2024: Efficio

Spend Matters

Spend Matters is publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. We are highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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Three Ways to Enhance Procurement Value Through Risk Management

Supply Chain Brain

From scenario planning to relationship building, procurement teams are in a new era of risk management that will be crucial for long-term success.

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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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How to avoid the next sriracha shortage

Supply Chain Dive

Smaller producers are snatching up market space left by supply constraints of Huy Fong Food’s popular spicy condiment.

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U.S. Chipmaker to Sell Chinese Factories to Local Company

Supply Chain Brain

North Carolina-based Qorvo said that it had signed an agreement to sell its circuit assembly operations in Beijing and Dezhou to the iPhone assembler Luxshare Precision Industry.

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EDI Compliance: Making or Breaking Supply Chain Operations

Supply Chain Brain

Supply chain organizations neglecting to meet EDI compliance mandates risk significant financial consequences, in addition to potentially damaging trust-based relationships with customers and partners.

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Address Supply Chain Risk with Strong Risk Councils

SCMR (Supply Chain Management Review)

Risk councils bring together supply chain risk owners and other subject matter experts to analyze current risks, plan for emerging ones and evaluate control effectiveness.

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Shipbuilder Samsung Ordered to Pay $290M Over Defects

Supply Chain Brain

Samsung Heavy Industries said an arbitration tribunal ruled during the week of December 12 that SHI must pay $290 million to SHIKC1 Shipholding S.A. and SHIKC2 Shipholding S.A.

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Shippers consider alternatives after rail border closures

Supply Chain Dive

Bridge closures at Eagle Pass and El Paso, Texas, are leading to longer wait times. Brokers shared some of their tips for mitigating disruption.

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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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Almost Half of New Passenger Cars in the EU are Electric

Supply Chain Brain

New car registrations in the EU increased by 6.7% during November, marking the 16th straight month of growth and a 13.3% year-on-year boost in terms of EVs registered.

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Port of Long Beach cargo volumes rise 24% YoY in November

Supply Chain Dive

The port is recapturing market share as online sales rise and retailers stock up for the holidays, according to its CEO.

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Ocean Freight Rates Likely to Spike Because of Red Sea Crisis

Supply Chain Brain

Almost a fifth of global container trade has already diverted away from the Red Sea and Suez Canal.

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CloudEagle: Vendor Analysis — SaaS management solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of CloudEagle and its SaaS management solution. In the ever-evolving landscape of the digital era, businesses are increasingly relying on Software as a Service (SaaS) applications to streamline their operations and enhance productivity. However, with great power comes great responsibility, and that responsibility falls on the shoulders of SaaS management.

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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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Orsted to Go Ahead with Building Giant U.K. Offshore Wind Farm

Supply Chain Brain

The final investment decision on the 2.9-gigawatt project shows that the offshore wind industry is picking back up after a crisis year.

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How to build a successful AI strategy

IBM Supply Chain Blog

Artificial intelligence (AI) is a transformative force. The automation of tasks that traditionally relied on human intelligence has far-reaching implications, creating new opportunities for innovation and enabling businesses to reinvent their operations. By giving machines the growing capacity to learn, reason and make decisions, AI is impacting nearly every industry, from manufacturing to hospitality, healthcare and academia.

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Amazon’s logistics, delivery services expanded beyond its website in 2023

Supply Chain Dive

The company launched offerings like Supply Chain by Amazon and Amazon Shipping while fine-tuning its fulfillment network.

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Business strategy examples

IBM Supply Chain Blog

A successful business strategy dictates the allocation of resources and outlines how a company will achieve its strategic goals. Whether the organization is focused on developing new products or marketing an existing service to an under-served demographic, having a solid strategy will help an organization realize its long-term goals. Typically, a strategy will be informed by core business objectives and keep key performance indicators (KPIs) in mind.

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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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Hub Group acquires Forward Air’s final mile business for $262M

Supply Chain Dive

The deal includes the transfer of about 45 locations and more than 640 employees.

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Unlocking success: Key components of a winning customer experience strategy

IBM Supply Chain Blog

Customer experience strategy (CX strategy) is when organizations optimize customer engagements to create happy customers, drive customer loyalty and help to recruit new customers. Providing a better customer experience takes into consideration the entire customer journey and every customer touch-point. It identifies new customers through awareness, consideration, and purchase, aims to retain customers, and drives word-of-mouth through the post-purchase phase.

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Strategic Procurement: What Is Is and Why It’s Essential for Business Resilience 

Pipefy

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. The result is greater supply chain predictability, more accurate decision-making, and better business agility. What is strategic procurement? Strategic procurement, or procurement strategic planning, is a process that aligns procurement strategy with business goals so as to yield business benefits through procurement.

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Getting the most out of IBM Cloud VPC images

IBM Supply Chain Blog

Images are used to create instances on IBM Cloud VPC. Depending on your needs, you can select a stock image, a custom image or a catalog image. What are stock images? A stock image is the out-of-the-box operating system customized for IBM Cloud VPC environments. It is used to deploy virtual servers or bare metal servers using different architecture types.

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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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Procure-to-Pay Analytics: What It Is and Why It’s Important

Pipefy

Procure-to-pay analytics draws meaningful insights and identifies risks, inefficiencies, and opportunities to streamline or optimize P2P workflows for better, more data-driven business decisions. The procure-to-pay process is a complex series of workflows that spans various systems, departments, and operational business units. Because of this complexity, it can also be prone to errors, risks, and costly inefficiencies.

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Open-es and JAGGAER together for more sustainable procurement

Jaggaer

An agreement has been signed to make corporate procurement even more sustainable: JAGGAER technology is now integrated with Open-es, the digital platform that connects companies, banks, associations, and institutions in a collaborative ecosystem, supporting development and growth on the dimensions of sustainability.

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Forbes: The Devil’s in the Details, Part 1

Arkestro

There's a massive lever to win cost reductions that many procurement teams overlook: low-quality, item-level procurement data.

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2023 AP Honors Profile: Teekay AP Team Invests in People, Delivers Results

CPO Rising

The inaugural AP Honors Ceremony celebrated the accounts payable profession and recognized excellence in the field.

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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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Five machine learning types to know

IBM Supply Chain Blog

Machine learning (ML) technologies can drive decision-making in virtually all industries, from healthcare to human resources to finance and in myriad use cases, like computer vision , large language models (LLMs), speech recognition, self-driving cars and more. However, the growing influence of ML isn’t without complications. The validation and training datasets that undergird ML technology are often aggregated by human beings, and humans are susceptible to bias and prone to error.

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Procure-to-Pay (P2P) KPIs: 11 Key Metrics to Track

Pipefy

Tap into key business insights and make better, more data-driven decisions with these essential procure-to-pay metrics. For many procurement leaders, data is top of mind. According to Amazon’s 2024 State of Procurement Data Report , 98% of respondents reported having plans for investments in analytics and insights tools, automation, and AI for their procurement operations in the next few years.

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How to build a successful hybrid cloud strategy

IBM Supply Chain Blog

Hybrid cloud has become the IT infrastructure of choice, providing the interoperability and portability organizations need to access data where and when they need it. Yet navigating the complexities of building and managing a hybrid environment poses unique challenges. To capture the most value from hybrid cloud, business and IT leaders must develop a solid hybrid cloud strategy supporting their core business objectives.

Strategy 101
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Why did Barilla Group Choose o9 Solutions to support them with the “digital transformation of their supply chains?”

Procurement Insights

The Press Release headline reads: o9 Solutions Empowers Barilla With Integrated Planning Capabilities. “Barilla was looking to optimize its supply chain planning capabilities with an integrated future-proof planning platform that could navigate today’s supply chain complexities and selected o9’s Digital Brain platform due to its unique ability to integrate all supply chain planning processes into a single-cloud native platform.” Here is a confession: I had never heard of

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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.