Mon.Feb 12, 2024

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CPO Crunch: It’s not easy being green

Procurement Leaders

If you live in the UK or keep on top of the British news agenda, you may have seen a story over the past few days concerning a political party announcing a U-turn on its signature green investment policy. What was said? Sir Keir Starmer, leader of opposition Labour party, announced that its flagship £28bn/year green investment pledge would be reduced to £15bn/year, of which only £5bn would be new money.

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A Look Ahead: The Top 3 2024 Predictions for Third-Party Risk Management

Supply Chain Brain

By leveraging advanced and predictive analytics, organizations will be able to identify potential disruptions before they materialize.

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The customer experience evolution: Today’s data-driven, real-time discipline

IBM Supply Chain Blog

An evolution of customer experience (CX) was to be expected. Throughout modern history, organizations have encountered internal and external challenges that changed how they interact with customers and how customers view those organizations. Advancements in technology mean customers can order virtually any product and receive it in less than a week.

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Beginner’s Blueprint: Barcoding Simplified

Finale Inventory

Inventory is the lifeblood of your business. If you’re a retail brand, wholesale distributor, or manufacturer, inventory is the core of your business. You buy inventory, bring it into your facility, and then hope to sell it for more than you paid to generate a profit. As your business grows, your catalog grows, your sales channels grow. As this happens, maintaining accuracy and efficiency becomes increasingly difficult.

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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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The India Advantage: 6 Reasons Why Supply Chains Are Leaving China

SCMR (Supply Chain Management Review)

A new survey found U.S. C-Suite executives are over three times more likely to choose India over China for their future supply chain needs.

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Maximizing your event-driven architecture investments: Unleashing the power of Apache Kafka with IBM Event Automation

IBM Supply Chain Blog

In today’s rapidly evolving digital landscape, enterprises are facing the complexities of information overload. This leaves them grappling to extract meaningful insights from the vast digital footprints they leave behind. Recognizing the need to harness real-time data, businesses are increasingly turning to event-driven architecture (EDA) as a strategic approach to stay ahead of the curve.

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Audi India Says Red Sea Crisis Impacting Automotive Supply Chains

Supply Chain Brain

Balbir Singh Dhillon, the head of Audi India, said that the Red Sea situation is impacting the German carmaker’s deliveries to customers in India.

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Top 5 trucking dispatch software providers for 2024

Supply Chain Dive

As a growing asset-based carrier in 2024, having an efficient truck dispatch system in place is more critical than ever for managing your expanding fleet, optimizing complex operations and winning the most profitable loads – particularly dedicated lanes.

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Episode 152: Spending for Maximum Social Impact with Colin Downie

Una

EPISODE 152 Spending for Maximum Social Impact with Colin Downie By Kelly Barner | February 14, 2024 Is it possible to change the life of someone, and their family, and their community just by making purposeful decisions about corporate spending? Yes it is – and it doesn’t cost as much as you might think. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Colin Downie.

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Job attrition may slow during first half of 2024, survey shows

Supply Chain Dive

Employees said they most often stay put for flexibility, fulfillment and good compensation.

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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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7 customer experience trends in 2024

IBM Supply Chain Blog

Customer experience (CX) defines a customer’s journey with a company, including both direct and indirect touchpoints. Businesses that place the emotional needs of the buyer persona at the forefront of the customer experience strategy fosters great relationships. Forrester reports that customer experience is a high priority for about 75% of global business and technology professionals and their organizations.

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Georgia Ports see container volumes dip, autos rise in December

Supply Chain Dive

Savannah’s port processed 422,287 total TEUs while the Port of Brunswick had a record year for auto units.

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Which of the following resources is most likely to ensure that you choose the right solution provider?

Procurement Insights

While you likely use all of the following resources, which one will ensure you choose the right solution provider? When I say the right solution provider, I am talking about the one that makes you most confident that you will have a successful outcome for your digital transformation initiative. A Solutions Map Media Recognition, e.g. Forbes A Provider-authored Case Study A Practitioner-authored Case Study How Do You Like Them Apples?

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US Postal Service sees volume gains in package shipping

Supply Chain Dive

The agency touted the "wide adoption" of its Ground Advantage service in its quarterly results as it competes against UPS and FedEx.

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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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New Technology Is Driving a North American Auto Manufacturing Renaissance

Supply Chain Brain

Between now and 2030, North American automakers have the potential to leverage new processes and practices to reduce their production costs while reimagining a traditional domestic industry

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Whirlpool plans further supply chain cost reductions

Supply Chain Dive

The home appliance company expects to cut at least $100 million more from its operations as it sees productivity improvements.

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Québec Surgical Equipment Shortage Could Delay Some Heart Surgeries

Supply Chain Brain

Dr. Louis Perrault, the president of the Québec Association of Cardiovascular and Thoracic Surgeons, said that the province has established a contingency plan if the situation worsens.

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EU passes law to bolster clean energy supply chains

Supply Chain Dive

The European Commission's Net-Zero Industry Act trails similar actions by U.S. legislators to prop up manufacturing.

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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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Enzen – Legal & Commercial Support

Barkers Procurement

Enzen required a cost effective and reactive legal and commercial service to enable their bid team to respond to utility regulated tender opportunities. The service needed to ensure that prompt and pragmatic legal and commercial advice was provided and built into Enzen’s commercial submissions over a two-year period. Barkers responded with an innovative legal and commercial ‘retained service model’ ensuring effective and experienced support could be promptly provided in an efficient and value ad

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Online grocer Misfits Market branches into third-party fulfillment

Supply Chain Dive

The company is offering other retailers a range of logistics capabilities, including storing and delivering products, through a newly launched service.

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Implementing automation in a brownfield environment

Supply Chain Brain

Join us on March 26 for a webinar hosted by SupplyChainBrain, where experts from Locus Robotics, Bricz and Tecsys will share insights and practical guidance on how to successfully address this challenge.

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How Businesses Can Save Money on Food Procurement Costs

Una

How Businesses Can Save Money on Food Procurement Costs A play-by-play for navigating rising food procurement costs and what strategies businesses can implement to save money, promote operational efficiency and protect product quality. DOWNLOAD PLAYBOOK Table of Contents Introduction Why Do Food Costs Keep Rising? Understanding Food Procurement How to Save Money on Food Procurement Costs Save on Food Purchases With Group Purchasing Benefits of Working With a Foodservice GPO Case Study Example Co

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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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Future Insights Network Partners with SupplyChain Brain for TFEST24

Supply Chain Brain

SupplyChainBrain has announced a partnership with TFEST24, the premier gathering of 1000+ senior supply chain, procurement, IT and sustainability professionals, taking place at the Colosseum Kino in Berlin from November 11 to 13, 2024.

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Sales is the Transference of Belief

Negotiations Ninja

Sales is the transference of belief. If you yourself aren’t sold on the product or service, you can’t transfer that belief to another human. You can’t convince your way in. Are you bought into the ROI of your product or service? Do you care about serving your customers and helping them achieve results?

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390: Achieve Real Results And Innovate For The Future, with GAINS

Let's Talk Supply Chain

 Today I’m joined by long-standing supply chain tech company GAINS , for the third and final show in our collaborative series together. GAINS is the supply chain performance optimization company. Its platform drives faster, smarter decisioning everywhere inventory matters. So, with GAINS, supply chain teams can make all the right decisions – at speed and scale – to right-size inventory, strengthen performance, and fulfill customer promises.

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Contract Automation: What It Is, What It Isn’t, And How To Use It

ContractSafe

Just as we've swapped briefcases for cloud storage and boardroom meetings for virtual chats, it's high time contract management got its modern-day makeover.

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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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QatarEnergy Picks Nakilat to Own and Operate up to 25 Newbuild LNG Ships

Supply Chain Brain

The carriers, each with a capacity of 45.96 million gallons, will be wholly owned by Nakilat and chartered out to affiliates of QatarEnergy.

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Navigating the financial landscape of 2024: Priorities and strategies for finance leaders

Fraxion

In 2024, financial leaders must demonstrate agility in response to changes marked by emerging technologies, evolving mandates, shifting talent markets, and the need for strategic cost management. This article explores key topics shaping financial agendas, providing insights into navigating the trends and challenges projected for the year.

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Glencore Seeks Buyer for Troubled New Caledonia Nickel Mine

Supply Chain Brain

The world’s top commodity trader will seek to sell its 49% stake in Koniambo Nickel SAS, according to a statement from KNS.

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Magnus Mondays — Contract Lifecycle Management: A Different but Critical Procurement Technology

CPO Rising

Contract Lifecycle Management (CLM) has come a long way in the last 25 years or so. The technology started as simple databases where some key metadata was collected to enable search and notifications.

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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.