Thu.Dec 07, 2023

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The Role of Procure-to-Pay Software in Today’s Business

ProcurePort

Efficiency and Accountability Boost: P2P is critical software that automates procurement, reducing mistakes and speeding up decision-making by removing manual inefficiencies. -Real-time visibility, data analytics, and integration with emerging technologies enhance efficiency, cost savings, and financial control, fostering transparency and accountability across procurement operations.

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‘We need everyone on this journey’: How PepsiCo is reducing water use in its supply chain

Supply Chain Dive

The beverage giant is focused on efficiency in its operations and working with communities, Pepsi’s senior director overseeing water strategy told Supply Chain Dive.

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What Is Three-Way Matching & Why Is It Important?

ProcurePort

Three-Way Matching Overview – Three-way matching involves comparing purchase orders, invoices, and receiving reports to ensure accuracy in quantities, prices, and terms. – It is a critical financial control mechanism that detects errors, prevents fraud, fosters vendor relationships, ensures regulatory compliance, and contributes to cost control and budgeting.

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Maximizing Return on Innovation Investment: 6 Ingredients for Success

SCMR (Supply Chain Management Review)

Learning these six ingredients for delivering innovation from invention serve as a compass for organizations navigating this dynamic market and striving to maximize return on innovation investment.

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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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Will the world fiddle while Bangladesh burns?

Art of Procurement

On November 7th, a minimum wage increase was announced for ready-made garment factory workers in Bangladesh. The increase took workers. The post Will the world fiddle while Bangladesh burns? appeared first on Art of Procurement.

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Wild Coffee Market Pushes Trader Mercon Into Bankruptcy

Supply Chain Brain

CEO Oscar Sevilla said in a December 6 letter to clients seen by Bloomberg News that “the macroeconomic factors working against Mercon have persisted for longer than expected.

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Ensuring Success in a Digital Transformation Initiative

Supply Chain Brain

Organizations across industries are investing in digital transformation. Some have succeeded in their efforts, and many have failed.

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Ocean CEOs vow to decarbonize maritime shipping

Supply Chain Dive

Leaders from Maersk, CMA CGM, Hapag-Lloyd and other shipping lines called for an end date to building vessels powered only by fossil fuels.

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Podcast | Will We See a U.S. Factory Boom? Not Without AI.

Supply Chain Brain

U.S. industry is fervently hoping for a resurgence in domestic manufacturing. Application of artificial intelligence is the key.

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Six ways AI can influence the future of customer service

IBM Supply Chain Blog

Organizations have always used some degree of technology to provide an excellent customer experience , but the future of customer service will demand even more advancements to meet customers’ growing expectations. There is no question that customer service is about to take a massive leap forward, thanks to emerging trends like artificial intelligence (AI).

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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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Italy Pulling Out of Belt and Road Initiative

Supply Chain Brain

Italy’s BRI participation was set to be automatically renewed in March 2024 before the country notified China it was withdrawing from the initiative.

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5 tips for cutting insurance costs amid climate change

Supply Chain Dive

As weather damage increases, firms can upgrade buildings with storm shutters, flood barriers and fire-suppression systems, among other moves to reduce premiums.

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Watch: Top Challenges Facing Today's Supply Chains

Supply Chain Brain

David Salerno, director with 4Flow, summarizes the top challenges that supply chains are facing today, and recommends how companies should be equipped to manage the resulting complexities.

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Silicon Valley December Summit 2023

Arkestro

Thank you for joining us at the PNP Silicon Valley December Summit We so enjoyed the last few days of presenting the magic of AI technologies and unlocking endless possibilities with you.  Plug N Play Tech Center Headquarters Sunnyvale, California } December 5-7, 2023 Featured Download Harvard Business Review: How Global Companies Use AI to Prevent Supply Chain Disruptions Download Now Some attendees included: Caroline Cioe Account Executive LinkedIn Edmund Zagorin Chief Strategy Officer &

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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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Arrest Made in London Following Sale of Unapproved Engine Parts

Supply Chain Brain

The arrest and seizure of materials took place during a raid in London, the U.K. Serious Fraud Offices said December 6.

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Procurement 6 – December 8th, 2023

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – December 8th, 2023 appeared first on Art of Procurement.

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Risky Driving Patterns Higher Before and After Holidays, Study Finds

Supply Chain Brain

Instances of harsh braking were higher the week before and after Thanksgiving when compared to the actual week of the holiday.

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Push the Comfort Zone and Stand Out: Part 2 with Head of Procurement & Properties at Bibby Financial Services, Tom Mills – Episode 86

Procurement Talk with David Byrne

Listen on Apple Podcasts Listen on Spotify Listen on Google Podcasts Listen on Amazon Episode show notes “Really push yourself out there – pushing your comfort zone is where you really feel alive.” Soft skills in procurement are one thing, but employing them to become one of procurement’s most prominent names on social … Continued The post Push the Comfort Zone and Stand Out: Part 2 with Head of Procurement & Properties at Bibby Financial Services, Tom Mills – Episode 86 a

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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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How Manufacturers Benefit from Automation-as-a-Service

Supply Chain Brain

Combined with AI & AR/VR, AaaS streamlines operations, reduces costs, and increases productivity.

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JAGGAER Appoints Troy S. Meyers as Chief Customer Officer

Jaggaer

JAGGAER's latest news on procurement & sourcing. Read now: JAGGAER Appoints Troy S. Meyers as Chief Customer Officer.

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For Practitioners Only – How Have You Used Your Data To Improve Your Procurement Outcomes?

Procurement Insights

EDITOR’S NOTE: Here is an excerpt from my response to a LinkedIn post that was championing the importance of data. Data Management as easy as 1,2,3 Does anyone in this discussion stream believe that eating right, getting regular exercise, and at least 8 hours of sleep AREN’T good for you? I went through the list of the 100 people who reacted to this post, and while there are certainly practitioners, an equal number of providers are giving their thumbs up.

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Data center consolidation: Strategy and best practices

IBM Supply Chain Blog

The modern pace of data creation is staggering. The average organization produces data constantly—perhaps even continuously—and soon it’s investing in servers to provide ample storage for that information. In time, and probably sooner than expected, the organization accrues more data and outgrows that server, so it invests in multiple servers.

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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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Replace The Words “This Shirt” With “My Supply Chain”

Procurement Insights

What is the right answer, 2, 4, or 6?

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API-led connectivity: Improve API reuse and organizational agility

IBM Supply Chain Blog

Today’s customers and employees expect a real-time, personalized and connected user experience on any platform. As enterprise applications grow and evolve to address these needs, integration between applications has become increasingly important. Building point-to-point integrations manually is time consuming, inefficient and costly; andorganizations need a better way to consume and share data, as well as a more flexible and agile way to add new features and solutions.

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How OLAP and AI can enable better business

IBM Supply Chain Blog

Online analytical processing (OLAP) database systems and artificial intelligence (AI) complement each other and can help enhance data analysis and decision-making when used in tandem. OLAP systems are designed to efficiently process and analyze large multidimensional datasets, while AI techniques extract insights and make predictions from OLAP data.

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