Mon.Sep 18, 2023

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Navigating the Complex Supply Chain of the Diamond Industry

All Things Supply Chain

The diamond industry has long been associated with luxury, beauty, and timeless elegance.

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iFoodDS and IBM forge new path to food safety with IBM Food Trust™

IBM Supply Chain Blog

Picture this: You’re at your local supermarket, eagerly exploring the fresh produce section. You carefully select a carton of ripe, juicy fresh-cut strawberries, envisioning them as the star ingredient in your weekend’s mouthwatering desserts. You’re all set to enjoy a delightful culinary adventure. But as you savor your first bite of a luscious strawberry shortcake, you receive a notification on your smartphone.

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Survey: Cyber-Security, Supply Chains Move to Top-of-Mind for CFOs

Supply Chain Brain

profitability is taking a back seat to technology transformation, supply chain and operational challenges, according to a survey released September 18 by Jefferson Wells.

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5 strategies for weathering changes in the supply chain

Supply Chain Dive

Whether it's due to natural disasters, geopolitical tensions, economic downturns, or unforeseen events, companies need to be prepared to withstand changes in the supply chain to maintain their operations and serve their customers.

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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 Future of Final-Mile Technology

Supply Chain Brain

Technology in support of final-mile delivery is advancing at a rapid pace. Mike Powell, chief technology officer with SEKO Logistics, traces its evolution and offers a glimpse into the future.

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Procurement Synonyms: All The Words You Need to Know in 2023

SCMDOJO

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. In this comprehensive guide for 2023, we’ve compiled a list of essential procurement synonyms, shedding light on the subtle distinctions that set each term apart.

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Who Last Touches a Customer’s Goods?

SCMR (Supply Chain Management Review)

People still matter a lot in making the supply chains function. Train them, educate them, equip them, support them, and pay them for what they are really worth, because the supply chain breaks down without them.

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Amazon asks sellers to bring Black Friday inventory in early

Supply Chain Dive

Fulfillment center employees will shift their focus from receiving to order processing in November, the company told sellers.

Inventory 101
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U.S. Flight Attendants Threaten Strikes

Supply Chain Brain

Air crew are demanding fairer share of vast profits from Alaska Airlines, American and United.

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Dollar General to grow private fleet to 2,000 trucks by year’s end

Supply Chain Dive

The discount retailer’s private fleet now handles nearly half of its outbound transportation needs.

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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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The next wave of payments modernization: Minimizing complexity to elevate customer experience

IBM Supply Chain Blog

The payments ecosystem is at an inflection point for transformation, especially as we see the rise of disruptive digital entrants who are introducing new payment methods, such as cryptocurrency and central bank digital currencies (CDBC). With more choices for customers, capturing share of wallet is becoming more competitive for traditional banks. This is just one of many examples that show how the payments space has evolved.

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A path to a more sustainable chip supply chain

Supply Chain Dive

Establishing benchmark metrics and onshoring production are key ways companies can reduce their carbon footprint.

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After Years of Development, 3D Printing Goes Live

Supply Chain Brain

After years of talk and small-scale pilots, 3D printing is finally poised for widespread use.

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Taking Charge: Nexamp CEO on the ‘existential threat’ of low labor supply and other challenges

Supply Chain Dive

The community solar developer wants to nearshore more production to protect its supply chain from forced labor.

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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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Machine Learning in College: Leveraging Data for Student Success

SCMDOJO

Thanks to advances in technology, the area of education is changing in the digital age we live in now. Machine learning is one innovation that could change the college experience in a big way. Machine learning is a part of artificial intelligence that uses algorithms to study and make sense of data. This lets computers make decisions and guesses based on accurate information.

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Managing an Evolving Trade Landscape: Insights and Practical Tips to Stay Ahead of the Technology Curve

Supply Chain Brain

Join the Thomson Reuters webinar, where our experts will delve into the top findings from their 2023 Corporate Global Trade Survey Report and provide practical advice on how trade compliance departments can navigate these turbulent times using the right technology.

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Former Tesla engineer joins Guardian Agriculture as supply chain and manufacturing exec

Supply Chain Dive

Matt Cherouny will help the drone company ramp up production operations.

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Strangling the Flow: The Impacts of Overbearing Regulations on California’s Logistics Sector

Supply Chain Brain

Adopting a technology-driven approach to sustainability offers more advantages than tighter regulations that disproportionately benefit large-scale corporations and drive up prices.

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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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ROI of Negotiation Training: The Compounding Returns of Skilled B2B Sales Negotiators

Negotiations Ninja

In today’s fast-paced world of business-to-business (B2B) sales, negotiation skills are the cornerstone of success. The ability to navigate complex deals, build rapport, and secure favorable terms is instrumental in driving growth and profitability. Recognizing the significant impact of skilled negotiators on the bottom line, organizations are increasingly investing in negotiation training.

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The Use of Robotics in a Resilient Human Capital Strategy

Supply Chain Brain

Learn why AI and robotics are an “and” and not an “or” when creating a labor strategy and why it’s more important than ever to make the most of the labor you have by implementing programs that leverage the combined power of warehouse and labor management solutions.

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360: Deliver A Great Trucker Experience, with DCLI

Let's Talk Supply Chain

Today I’m joined by DCLI , a leading transportation brand that is on a mission to transform the way chassis work within the intermodal supply chain by focusing on equipment quality, operational efficiency, and delivering a great driver experience. DCLI is the largest container chassis provider to the U.S. intermodal industry with over 151,000 marine and 122,000 domestic chassis in its fleet.

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When Back-Channel Negotiations Aid the Negotiation Process 

Negotiations Ninja

When you go somewhere where you don’t have a contextual understanding of the culture or people, it’s challenging, to say the least. That’s why Nokukhanya (Nox) Ntuli believes that a mediator’s strengths have to do with their ability to connect with people.

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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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Thriving through disruption: How purchasing agility can increase revenue and boost resilience

Supply Chain Dive

The most challenging disruptions can’t be predicted, but agile businesses can be prepared.

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Big Emissions Bills Are Coming for Ships Sailing in Europe

Supply Chain Brain

It could take a while to really cut emissions, because it would still be cheaper to pay for the emissions rather than use more expensive marine biofuels.

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My Definition of Standard Cost

NLPA (Next Level Purchasing Association)

A subscriber to PurchTips responded to this week’s article “ Spend Analysis: Whatcha Looking For? ” and asked for my definition of “standard cost” as used in the article. Here it is… Don’t miss updates on Procurement & Supply Chain, Subscribe here! The post My Definition of Standard Cost appeared first on Next Level Purchasing Association (NLPA).

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First Grain Ships Arrive Using New Route to Ukraine

Supply Chain Brain

Officials said it was the first time civilian ships had reached a Ukrainian port since the collapse of a UN-backed deal with Russia.

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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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Preparing To Negotiate With Salespeople

NLPA (Next Level Purchasing Association)

One of the things that I teach in our online course “ Powerful Negotiation For Successful Buying ” is negotiation preparation techniques. Don’t miss updates on Procurement & Supply Chain, Subscribe here! Among the many things you should do when preparing to negotiate is to anticipate what the supplier may say. I came across this article that teaches a salesperson what to say when negotiating with a buyer.

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CPO Rising 2023: Procurement Performance, Results, and Impact

CPO Rising

Today, we feature our ongoing coverage of this year’s 18th-annual CPO-themed report, where my team and I continue our nearly two-decade-long dialogue with chief procurement officers (CPOs) and other procurement leaders.

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The Must Know Components of Inventory

NLPA (Next Level Purchasing Association)

Simplifying things, inventory refers to things that are being temporarily stored because they are not quite ready to go elsewhere. Inventory can be things that your organization plans to sell in its current conditions. Inventory can be things that your organization plans to incorporate into something else that it is making. And inventory can be things that your organization plans… The post The Must Know Components of Inventory appeared first on Next Level Purchasing Association (NLPA).

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IBM Connected Trade Platform helps power the digitization of trade and supply chain financing

IBM Supply Chain Blog

Today, we are seeing significant digital disruption in the business of trade and supply chain financing that is largely influenced by global events and geopolitics, changing regulations, compliance and control requirements, advancements in technology and innovation, and access to capital. When examining these disruptors more closely, it’s clear there are a wide variety of factors that can impact global trade and supply chain financing.

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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.