Wed.Jun 07, 2023

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Harness The Power of Data To Optimize Your Supply Chains

All Things Supply Chain

The global logistics automation market has been growing at a Compound Annual Growth Rate (CAGR) of 12.4% since 2020, the highest growth rate of any supply chain market.

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Sustainable Procurement Strategy — Embracing Sustainability

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Sustainable Procurement Strategy — Embracing Sustainability Sustainable procurement strategy allows an organization to conduct its procurement processes that support its sustainability goals and objectives. However, how do you make one?

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Overcoming the Challenges of Implementing Procurement Software

ProcurePort

In the modern business ecosystem, digital transformation is not just an option but a requirement. The need for streamlined operations and enhanced efficiency has made procurement software a valuable asset for organizations of all sizes. However, the journey towards successful implementation is fraught with challenges. This blog will provide a deep dive into these challenges […] The post Overcoming the Challenges of Implementing Procurement Software appeared first on ProcurePort Blog.

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Paraguay Import and Export Statistics

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Paraguay Import and Export Statistics Paraguay’s import and export activities open a positive outlook in 2023. The Central Bank of Paraguay shared promising news that the country’s exports are 22.8% higher than the previous year’s activity.

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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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Episode 118: Scaling Supply Chains for Profitable Growth with Marcia Williams

Una

EPISODE 118 Scaling Supply Chains for Profitable Growth with Marcia Williams By Kelly Barner | June 7, 2023 Growth – especially fast growth – is such an exciting time for a company. Unfortunately, all of the good opportunities growth presents have a way of leaving a mess in their wake. It often falls to procurement and supply chain professionals to clean up the mess, using metrics and frameworks to establish order so that operational scale and profitability can follow.

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Supplier Collaboration Software — What You Should Know

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Supplier Collaboration Software — What You Should Know The use of supplier collaboration software continues to rise as businesses grow and technology advances. However, what is it? For this article, we will discuss what supplier collaboration is.

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Purchase Price Variance — Everything You Should Know

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? In this article, we will discuss what price purchase variance is and why it is important.

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Distracted Driving: Using AI Technology to Break a Deadly Habit

Supply Chain Brain

A.I.-driven technology can help keep drivers and passengers safe by not only detecting distracted driving, but also identifying other potentially risky behaviors.

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Union Pacific, BNSF launch new intermodal services at Port Houston

Supply Chain Dive

The rail carriers say added capacity will get consumer goods to market faster, and offer more routing opportunities from one of the nation’s fastest growing ports.

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WE Soda Presses Ahead with U.K. IPO, Likely to Be London’s Biggest Listing of 2023

Supply Chain Brain

The organization said indirect net proceeds from the offering are expected to be about $800 million while the company could reportedly seek a $7.5 billion valuation.

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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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Mixed reactions to C.H. Robinson’s surprising hire of ex-Ford exec Bozeman as CEO

SCMR (Supply Chain Management Review)

C.H. Robinson surprised the markets on Tuesday, naming a Ford executive as CEO, bypassing the rumored in-house candidate for the position.

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DHL Relocates to a New and Larger Facility in Missouri

Supply Chain Brain

By moving its operations to Kansas City from St. Louis, DHL hopes to more than double the number of packages and parcels it processes in the Midwest.

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The Importance of Language Skills in Supply Chain and Operations Management

SCMDOJO

The supply chain industry has been evolving rapidly since the pandemic outbreak. After being disrupted and seriously jeopardized, the industry needed to find a way to carry out its activities and maintain its businesses. To do so, people needed to become innovative, adopt new technologies, digitalize, and even start using AI. As a result, the industry is growing, changing, and becoming more demanding, increasing the importance of language skills more than ever.

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Flexport Completes Acquisition of Shopify Logistics

Supply Chain Brain

In connection with the sale that was originally announced May 3, 2023, Shopify received stock that equates to 13% equity in Flexport.

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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 Nike, McCormick and others are taking on supply chain emissions

Supply Chain Dive

Collaborating with suppliers to reduce Scope 3 footprints was a common theme at the Economist Impact's Sustainability Week U.S. conference.

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Fed Index of Global Supply-Chain Stress Plummets to Record Low

Supply Chain Brain

The Global Supply Chain Pressure Index fell to -1.71 in May 2023, marking the lowest level on record based on data stretching back to 1997.

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Pharmaceutical supply chains raise data concerns as traceability law nears final step

Supply Chain Dive

Companies have had ten years to comply with the Drug Supply Chain Security Act, but some fear the industry is not ready for the Nov. 27 deadline.

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Watch: CSCOs Are Solving Inventory Challenges

Supply Chain Brain

Bill Benton, co-founder of Gains, details why planning processes don't meet and solve inventory challenges.

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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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Mastering The Art Of Supply Chain Management With A Procurement Agent

Procurement Freelancers

In the contemporary business environment, the efficacy of supply chain management is imperative for the… The post Mastering The Art Of Supply Chain Management With A Procurement Agent first appeared on Procurement Blog | Procurement & Supply Chain News.

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Episode 118: Scaling Supply Chains for Profitable Growth with Marcia Williams

Una

EPISODE 118 Scaling Supply Chains for Profitable Growth with Marcia Williams By Kelly Barner | June 7, 2023 Growth – especially fast growth – is such an exciting time for a company. Unfortunately, all of the good opportunities growth presents have a way of leaving a mess in their wake. It often falls to procurement and supply chain professionals to clean up the mess, using metrics and frameworks to establish order so that operational scale and profitability can follow.

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Sustainability vs. Sustainable: Is your energy management strategy truly efficient?

Procurement Foundry

At its core, the word “sustainability” is defined simply as the ability to continue at a certain level—no explicit consideration for whether something is “green,” renewable, or recyclable, and no defined parameters around carbon footprint. Simply: “able to continue.

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Japan's Kishida Unveils Policy Proposal Before Potential Polls

Supply Chain Brain

Some of the issues covered in the proposed policy plan include supply chain resiliency, sustainability initiatives, labor market reforms and improved childcare support.

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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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CH Robinson selects Ford executive as its new CEO

Supply Chain Dive

Dave Bozeman is expected to take over leadership at the brokerage June 26.

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Schneider Electric Earns Top Spot on 2023 Gartner Supply Chain Top 15 for Europe

Supply Chain Brain

With a composite score of 5.98, Schneider Electric earned the top spot on Gartner's European list followed by L’Oréal, Diageo, Inditex and Siemens.

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Colgate-Palmolive utilizes decision intelligence to accelerate complex decision-making

SCMR (Supply Chain Management Review)

The CPG leader is working with Aera Technology as part of the digital transformation of its pet nutrition division

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Over Half of SMBs Experienced Demand Drops in the Last Year

Supply Chain Brain

Due to a drop-off in consumer demands over the last 12 months, 36.1% of small- and medium-sized businesses are now faced with excess inventories.

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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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Clients can strengthen defenses for their data with IBM Storage Defender, now generally available

IBM Supply Chain Blog

We are excited to inform our clients and partners that IBM Storage Defender , part of our IBM Storage for Data Resilience portfolio, is now generally available. Enterprise clients worldwide continue to grapple with a threat landscape that is constantly evolving. Bad actors are moving faster than ever and are causing more lasting damage to data. According to an IBM report , cyberattacks like ransomware that used to take months to fully deploy can now take as little as four days.

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ToolsGroup Selected by D.I.MAR to Improve Supply Chain Performance

Supply Chain Brain

D.I.MAR Srl will be able to better anticipate and adapt to market changes thanks to ToolsGroup's A.I. and probabilistic forecasting technologies.

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Integrating data center support: Lower costs and decrease downtime with your support strategy

IBM Supply Chain Blog

As organizations and their data centers embrace hybrid cloud deployments, they have a rapidly growing number of vendors and workloads in their IT environments. The proliferation of these vendors leads to numerous issues and challenges that overburden IT staff, impede clients’ core business innovations and development, and complicate the support and operation of these environments.

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