Wed.Nov 08, 2023

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The 10 Questions Supply Chain Managers Must Ask Before Engaging With a New Vendor

SCMR (Supply Chain Management Review)

A thorough and strategic vendor selection process guides companies through the vendor selection process, helping ensure subpar suppliers never make it into the procurement process.

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Mastering Omnichannel Fulfillment: 3 Key Strategies for Retail Success

Supply Chain Brain

Omni-channel, demand-driven fulfillment using AI and automatic decision-making technologies will give retailers the edge they need to succeed in a very competitive landscape.

Strategy 114
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FDA FSMA: Providing value beyond compliance

IBM Supply Chain Blog

The supply chain plays a pivotal role in delivering goods and services to both businesses and consumers, serving as the connective thread between industries, nations, communities and all components of the value chain. Our dependence on supply chains is most pronounced in ensuring food supply. However, over the decades, the supply chain has grown longer and increasingly intricate, which means consumers may find themselves more distant from the origin of the products they consume.

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AI in Procurement and “Autogmentation” Part 2 — The current state of AI

Spend Matters

Part 1 of our mini-series focused on the impact of technology on the business world and, more specifically, on procurement. After considering the key milestones in the history of digital technology, we discussed the various impacts that technology can have in terms of automation (efficiency) and augmentation (effectiveness). We also mentioned a strong dependency between the two value drivers and that “new technologies can not only handle a growing number of repetitive and manual tasks but also p

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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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Watch: The Challenge of Perfecting Appointment Scheduling

Supply Chain Brain

Appointment scheduling in logistics has long been a manual process, prone to error and miscommunication. Thanks to automation, that's changing, says Tom Curee, president of Qued.

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Milk suppliers sour over carton shortage

Supply Chain Dive

Dairy suppliers and others cite Pactiv Evergreen as the supply problem’s source. Competitors are trying to step up production as beverage producers seek help.

More Trending

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Building on a year of focus to help IBM Power clients grow with hybrid cloud and AI

IBM Supply Chain Blog

At the beginning of the year, we laid out a new strategy for IBM Power under the leadership of Ken King, who will be retiring by the end of 2023 after forty years with IBM. It is with immense gratitude that I thank Ken for his leadership not only across IBM Power, but for his service to IBM in various roles spanning IP, strategy and software during his distinguished IBM career.

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Global Freight Recession Continues into 2024 CNBC Survey Predicts

Supply Chain Brain

Those interviewed said they expect a rebound during the second half of 2024 with half of the participants saying they believe freight volumes will increase by 5% during that period.

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FTC: Amazon halted Seller Fulfilled Prime enrollment despite strong delivery performance

Supply Chain Dive

Sellers met the now-reopened program's delivery estimate requirement more than 95% of the time in 2018, per the agency's lawsuit. Amazon said that claim is misleading.

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Australian Farmers Are Giving Sheep Away for Free After 75% Price Plunge

Supply Chain Brain

Sheep prices have slumped, with older animals fetching an average of just $22 in October 2023 and some reports of animals selling for less than a dollar a head.

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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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FedEx, UPS 2024 rate increases: What shippers should know

Supply Chain Dive

The variances within the carriers’ price hikes indicate what services are seeing the most pressure from competitors, experts say.

Price 101
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Regulators Request Natural Gas Supply Protections Following 2022 Winter Outages

Supply Chain Brain

A report from t he NERC and FERC recommended lawmakers complete cold weather reliability standard revisions enacted during Winter Strom Uri in 2021.

Supply 87
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Inside McCormick’s bet to build its ‘supply chain of the future’

Supply Chain Dive

A half-mile-long logistics center near Baltimore is helping the flavor giant operate more efficiently, get products to customers faster and reduce its environmental footprint.

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What Does it Take to be a Supply Chain Visionary?

SCMR (Supply Chain Management Review)

Kimberly-Clark Corporation was named this year’s Visionary Award winner at the NextGen Supply Chain Conference. KCC’s Scott DeGroot explains the story behind KCC’s success.

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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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Feds award $653M for 41 port projects

Supply Chain Dive

Funding from the Infrastructure Investment and Jobs Act will help bolster supply chain infrastructure around the country.

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UAW Workers at Ford’s Chicago Plant Vote to Ratify Proposed Contract

Supply Chain Brain

UAW 551, the local union that held a vote on the contract, said that 57% of the ballots cast by its members were in favor of the deal.

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Nestlé invests in food-delivery startup Wonder Group

Supply Chain Dive

The investment will allow the Stouffer’s and Sweet Earth maker to capitalize on the strong recovery in the foodservice channel.

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Fluent Commerce’s Centralized Inventory Management Increased Breitling Online Sales by 20%

Supply Chain Brain

Shanmugasundaram says online sales of Breitling watches increased by 20% in the U.S. the month after the program was introduced, and online sales revenue increased by 15% to 30%.

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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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Pain Points in Procurement Series

Una

Pain Points in Procurement Explore a collection of resources depicting common pain points in procurement and how sourcing professionals can implement actionable solutions to overcome these challenges. The Procurement Talent Shortage Factors like the Great Resignation, demographic shifts, and fierce competition are leading to a global talent shortage - for the procurement industry and beyond.

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Measuring the Impact: Metrics to Track the Success of Conflict Resolution Training

Negotiations Ninja

Conflict is bound to happen, whether it’s between clients, colleagues, or stakeholders. It is as a part of life, as anything else. Conflict resolution is a key skill that’s valuable within any organization. Unfortunately, many people have trouble seeing the value of conflict resolution training.

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Mentoring A Millennial/Gen Z Service Provider Start-Up On The Importance Of Problem-Solving

Procurement Insights

A few days ago, I received the following email: Hi Jon, I noticed your recent blog post “The New 2023 Titans of Procurement Technology” and your extensive experience as a Strategic Advisor/Analyst specializing in Emerging AI Tech, Sales, and Marketing. I’m contacting you because I’m working on an AI product, aiming to save procurement managers time, automating supplier communications and negotiations.

Import 52
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Closing the Deal: How Negotiation Training Facilitates Faster Sales Cycles

Negotiations Ninja

When it comes to negotiating, especially in the sales world, too often, companies are simply not prepared in any facet. People tend to think negotiation is only a soft skill. Either you got it, or you don’t.

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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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Case Study: BNP Paribas

Skill Dynamics

As a top-tier European and international banking establishment, the BNP Paribas Group assists all of its customers – individuals, associations, entrepreneurs, SMEs, large corporations, and institutionals – in bringing their projects to a successful conclusion, through to financing, investment, savings, and protection solutions. Today, with 184,000 employees across 64 locations worldwide, the Group supports the professional development of its employees by helping them to strengthen their skills a

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Port Everglades cargo volumes fell 5% in September

Supply Chain Dive

The port joins others on the East Coast in reporting fewer shipments.

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Procurement News — November 8, 2023

CPO Rising

Welcome to Procurement News, part of our ongoing aggregate news series covering recent supply management headlines and trends pertinent to Chief Procurement Officers and other procurement leaders. Contact us with your news story here. Procurement Executive News Peraton Appoints William “Bill” Mertz as CPO RESTON, Va.

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Exit the Dragon: Shifting Manufacturing Out of China

Una

Exit the Dragon: Shifting Manufacturing Out of China Explore the drive behind shifting manufacturing out of China and understand where companies are relocating production to and why. By Hugo Britt | November 9, 2023 Search Search Intel , Microsoft , Nike , and Dell have all recently signaled their intention to move some of their manufacturing out of China to different shores.

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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 suppliers factored into Overstock’s rebrand as Bed Bath & Beyond

Supply Chain Dive

The struggling online retailer hoped to avoid “confusion” for its vendors by running a single site under the newly acquired brand, according to its former CEO.

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AI assistants optimize automation with API-based agents

IBM Supply Chain Blog

Generative AI-powered assistants are transforming businesses through intelligent conversational interfaces. Capable of understanding and generating human-like responses and content, these assistants are revolutionizing the way humans and machines collaborate. Large Language Models (LLMs) are at the heart of this new disruption. LLMs are trained on vast amounts of data and can be used across endless applications.

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