Mon.Feb 26, 2024

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Harnessing Neuroplasticity

Procurement Templates

How can Neuroplasticity help procurement professionals? It helps those who might think this is who I am, the way I think can’t be changed its innate, my thought process, my beliefs and I can’t or don’t want to change. However, there are times where being stuck with our own version of the truth with no divergence for alternative ways of thinking is too singular and too restrictive.

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Localizing Production: Exploring Reshoring Trends in Supply Chains

All Things Supply Chain

The global supply chain landscape is experiencing a significant shift, with more and more companies looking to bring production and manufacturing activities closer to home.

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AI and Digital Twins Revolutionize 2024 Warehouse Operations

Supply Chain Brain

Integrating AI and digital twins is actually quite useful and simple. Here are five ways these technologies can revolutionize warehouse operations in 2024.

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How IBM is helping accelerate AI adoption and application centric connectivity

IBM Supply Chain Blog

This week, as thousands of network operators, technology vendors, and mobile device providers from all over the world converge on Barcelona for Mobile World Congress , it’s the perfect time to discuss how IBM® is shaping the future of network operations and telecommunications. Outside the glitz of new phones, connected cars and 5G with everything, there are some real challenges the industry must address.

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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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Food Supply Chains are Suffering From Climate Change

Supply Chain Brain

The James Beard Foundation has launched a campaign to bring chefs and farmers to D.C. to engage with Congress and share more about the mounting climate challenges they face.

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Fairmarkit: Vendor Analysis (Part 1) — Sourcing solution overview, market analysis, company SWOT, competitors

Spend Matters

This is the first in a three-part series that covers Fairmarkit’s sourcing offerings. The Pareto principle, named after the Italian economist and sociologist Vilfredo Pareto, states that if focused properly, 20 percent of one’s actions leads to 80 percent of the results. Procurement teams commonly follow this principle to prioritize activities and define focus areas to maximize return on investment.

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Fairmarkit: Vendor Analysis (Part 3) — Sourcing solution details, voice of the customer, analyst summary

Spend Matters

Part 3 of this Spend Matters Vendor Analysis 2024 focuses on delivering a detailed look into Fairmakit’s sourcing solution and concludes with an analyst summary. Part 1 delivers an overview of the company’s background, its general capabilities, a SWOT analysis and the competitive landscape. Part 2 looks at the solution’s strengths and weaknesses and offers user considerations.

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Giant Foods meeting workforce needs with incarcerated people

Supply Chain Dive

Second Chance Program filled a role few individuals wanted and gave a now-former inmate a fresh start.

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Fairmarkit: Vendor Analysis (Part 2) — Sourcing solution strengths and weaknesses, user considerations

Spend Matters

Part 2 of this Spend Matters Vendor Analysis 2024 focuses on the strengths and weaknesses of Fairmarkit’s sourcing solution. It also suggests elements to consider when looking at Fairmarkit as a potential option. Part 1 of the series provides a history and overview of Fairmarkit’s sourcing solution, a company-level SWOT analysis and profiles of its competitors.

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Aerospace players form coalition to strengthen supply chain integrity

Supply Chain Dive

Members, such as Boeing and Airbus, formed the group after a supplier was caught selling unapproved parts.

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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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From Data to Decision Centric Thinking

Supply Chain Trend

Hi all, Next week Tuesday March 5th, I’ll be holding a webinar about moving from Data Centric to Decision Centric thinking. Decision Centricity is a key element of decision intelligence. Only when you think decision back, you can orchestrate the whole data to action process, digitize it and then augment or automate decisions. If you only think data forward, you can’t operationalize decisions at scale.

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Lives Depend on the Success of the Life Sciences Supply Chain

SCMR (Supply Chain Management Review)

Nearshoring efforts and climate impacts regularly disrupting supply chains are just two of the challenges facing the life sciences supply chain, and lives are at stake if it fails.

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Walmart trims store-to-home delivery costs by 20%

Supply Chain Dive

The retail giant's CFO credited the improvements in part to "densifying the last mile" by delivering more packages per route.

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Majority of U.K. Retailers Suffering From Red Sea Disruption

Supply Chain Brain

The supply chain problems are expected to be exacerbated next month as China begins shipping again in earnest after its annual pause for the two weeks of lunar new year celebrations.

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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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The best negotiators know how to “Gamble”

Procurement Insights

“It’s very important to understand what motivates the person across the table from you,” says Ms. Gamble of the skills she learned while working for the border agency. – Shauna Gamble, The Globe And Mail (February 20th, 2024) In an article rich with insights such as the importance of having mentors, taking risks, and broadening your work experience beyond the procurement department, the common thread of success is the ability to understand what motivates the people with whom you work and d

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393: Get 100% Visibility Over Your Final Mile, with OneRail

Let's Talk Supply Chain

 Today I’m joined by award-winning supply chain brand OneRail. OneRail is a leading omnichannel fulfillment solution, pairing best-in-class software with logistics as a service, to provide dependability and speed to help businesses meet their delivery promise. With a real-time connected network of 12 million drivers, OneRail matches the right vehicle for the right delivery so brands lower expenses and increase capacity to rapidly scale their businesses.

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4 steps to avoid demurrage and keep rail transportation costs low

Supply Chain Dive

Rail demurrage fees can eat into your bottom line. Here are four steps you can take to avoid demurrage fees today.

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Navigating Inflation and Workforce Retention: Strategies for Smarter Grocery Supply Chains

Supply Chain Brain

As grocery retailers navigate inflation and workforce retention, optimizing supply chains and pricing strategies becomes crucial.

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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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Sustainable Procurement And Why It Matters

Barkers Procurement

In 2012 I read a life-changing book called Collapse – Why Civilisations Choose to Fail, by Jarrod Diamond. The book discussed societies such as Easter Island and posed the question – what was the collective reasoning for consuming the entire island’s timber stocks and thus condemning a society to fail? Within the book Diamond also went on to discuss current day Australia, China and humanity’s insatiable appetite for consumption.

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Boeing Hit by Damning Report Faulting Safety Procedures

Supply Chain Brain

The U.S. planemaker was faulted for ineffective procedures and a breakdown in communications between senior management and other members of staff.

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CLM Readiness Considerations Before Diving into Tech

ContractSafe

All the data we have seen, including our own research for our confirms that you’re in good company if you are feeling overwhelmed by contracting volumes. The vast majority of Legal teams are desperately seeking ways to solve the challenge of having limited capacity to scale. Everyone in this boat is hoping for a magic bullet to reduce the legal workload and increase business satisfaction.

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High-Stakes Negotiation: How Mario Martinez Negotiated a 46-Million-Dollar Deal

Negotiations Ninja

While Mario Martinez was with Sprint, he’d been working with a Fortune 10 company for years. He built out a wireless infrastructure in their corporate offices. He created a system where employees could become customers through an online portal versus paper forms.

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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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Shortage of Oil Tankers at Hand as Red Sea Attacks Divert Trade

Supply Chain Brain

Oil deliveries have generally become more long-distance since a reshuffling of global oil flows following Russia’s invasion of Ukraine.

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Magnus Mondays — Direct Materials Supplier Management Presents a Critical but Disjointed Solution Landscape

CPO Rising

In last week’s article, we looked at what makes direct materials special and their unique established requirements, particularly when focusing on eSourcing. In today’s article, we continue to investigate direct materials management, or perhaps more specifically, the management of direct materials suppliers and the solution functionality to properly manage them.

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CPO Crunch: Just add R&D

Procurement Leaders

A few weeks ago, a LinkedIn post from one of our members provided a tantalising and hopeful glimpse into the future. This might be a bold claim but when Amanda Davies, Chief Procurement & Sustainability Officer at Mars Wrigley, announced that she was adding R&D to her remit to become Chief R&D, Procurement & Sustainability Officer, it provided a welcome reminder of the opportunity we have as a function.

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6 benefits of data lineage for financial services

IBM Supply Chain Blog

The financial services industry has been in the process of modernizing its data governance for more than a decade. But as we inch closer to global economic downturn, the need for top-notch governance has become increasingly urgent. How can banks, credit unions, and financial advisors keep up with demanding regulations while battling restricted budgets and higher employee turnover?

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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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How Meta’s Llama 3 will impact the future of AI

IBM Supply Chain Blog

In January of 2024, Meta CEO Mark Zuckerberg announced in an Instagram video that Meta AI had recently begun training Llama 3. This latest generation of the LLaMa family of large language models (LLMs) follows the Llama 1 models (originally stylized as “LLaMA”) released in February 2023 and Llama 2 models released in July. Though specific details (like model sizes or multimodal capabilities) have not yet been announced, Zuckerberg indicated Meta’s intent to continue to open sou

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