Wed.Oct 25, 2023

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A Vendor Management Guide for Procurement Leaders

ProcurePort

• Vendor management is essential for cost efficiency, quality assurance, risk mitigation, and fostering innovation through collaborative relationships with suppliers. • Good vendor management strategies involve working together, measuring performance, building relationships, managing risks, integrating technology, and considering supplier diversity.

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How 4 health system executives are tackling supply chain challenges

Supply Chain Dive

After the COVID-19 pandemic caused worldwide disruptions, executives at four major health systems shared how they’re innovating supply chain tactics.

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Reimagining IBP in the Age of AI

Supply Chain Trend

What would a Martian expert in supply chain planning and technology think when looking back at earth? With all technology available on earth would it continue with a 30+ year old, sequential, cascading, rather sluggish, manual planning process with a lack of focus on decision digitisation, decision quality and decision learning? Or would it start with a blank sheet and reimagine IBP?

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FedEx, UPS and USPS set holiday shipping deadlines for 2023

Supply Chain Dive

Most of the parcel carriers’ deadlines fall in the days prior to Dec. 20 for shippers who want their products delivered before Christmas.

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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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Retailers Are Ready for Holiday Season

SCMR (Supply Chain Management Review)

Most holiday inventory is already in place, says NRF’s Matthew Shay, as retailers continue to monitor consumer trends.

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Tipalti: Vendor Analysis, 2023 Update (Part 2) — AP Automation solution: strengths and weaknesses, tech selection tips

Spend Matters

This second part of our three-part Spend Matters 2023 Vendor Analysis update focuses on the strengths and weaknesses of Tipalti’s AP Automation solution. It also looks at the elements to consider when looking at Tipalti as a potential solution provider. Part 1 provides a history and overview of Tipalti´s AP Automation solution, a company-level SWOT analysis and profiles of competitors.

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Tipalti: Vendor Analysis, 2023 Update (Part 3) — AP Automation process/module details and analyst summary

Spend Matters

The third part of this three-part Spend Matters Insider Vendor Analysis 2023 update delivers a deeper overview of each part of Tipalti offering for AP Automation, with a detailed look at each of its modules. We also cap off the series with an analyst summary. The first part provides a company background, Tipalti’ general capabilities, a SWOT analysis and an examination of its competitors.

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Solving the On-time In-full (OTIF) Delivery Challenge

SCMR (Supply Chain Management Review)

A growing trend among retailers is mandating on-time and in-full (OTIF) deliveries in the retail supply chain, which was first developed by Walmart in 2017 and is now back in focus as supply chains recover from the COVID pandemic. Manufacturers and distributors are under pressure to achieve and maintain high OTIF scores, and a new white paper offers guidance on using data to minimize fines, manage risk, and establish trust in the supply chain.

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Tipalti: Vendor Analysis, 2023 Update (Part 1) — AP Automation solution overview, market analysis, company SWOT, competitors

Spend Matters

This Spend Matters Vendor Analysis provides an update on Tipalti, an AP automation specialist that has developed other functions a unified P2P solution usually offers. However, this update does not cover Tipalti’s requisitions and purchase orders capabilities, as we have yet to analyze them. Tipalti has evolved significantly in the three years since our first analysis.

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How to Use ‘Batch Factor’ for Right-Sized Warehouse Automation

SCMR (Supply Chain Management Review)

To avoid overspending on automation or losing revenue due to insufficient systems, it is important to understand SKU batching, how to calculate it, and its impact on the size of automation needed for your facility. Download the white paper to learn more about SKU Batch Factor and how to determine the most efficient Batch Factor for your automation needs, as well as what to discuss with your solutions provider.

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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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What CIOs and CTOs should consider before adopting generative AI for application modernization

IBM Supply Chain Blog

Implementing generative AI can seem like a chicken-and-egg conundrum. In a recent IBM Institute for Business Value survey, 64% of CEOs said they needed to modernize apps before they could use generative AI. But simultaneously, generative AI has the power to transform the process of application modernization through code reverse engineering, code generation, code conversion from one language to another, defining modernization workflow and other automated processes.

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Episode 138: Procurement Out of This World with Kris Lance

Una

EPISODE 138 Procurement Out of This World with Kris Lance By Kelly Barner | October 25, 2023 The U.S. military is accustomed to taking 7 years and a cost plus method to build billion dollar satellites with the help of their supply base. With instability around the world starting to ratchet up concerns about space, the Space Development Authority (SDA) is responding by disrupting traditional procurement practices.

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Another furniture retailer prepares to liquidate

Supply Chain Dive

Z Gallerie noted problems with underperforming retail stores, adverse macroeconomic trends, and supply chain and import costs due to COVID-19.

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Technology Round-Up — October 25, 2023

CPO Rising

CPO Rising’s Technology Round-Up Series returns today with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend management solution provider and you are continually innovating the way that procurement and supply chain leaders and practitioners drive value, we’d love to hear from you.

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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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Supply disruptions are delaying surgeries and compromising patient care, survey finds

Supply Chain Dive

A patient safety nonprofit used the findings to call for “long-term, nationally coordinated solutions” to stop persistent shortages.

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New Market Report : “The Dynamic Grocery Market”

SCMR (Supply Chain Management Review)

Discover the Changing Landscape of the Grocery Market and How It Could Affect Your Business. Get Our Free Report Now!

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Northwest Seaport Alliance international cargo volumes soar in September

Supply Chain Dive

The Seattle and Tacoma ports saw volumes rise 22% compared to the previous year, reversing a 19-month-long-trend.

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Meeting Electric Vehicles’ Increasing Demand for Rubber

Supply Chain Brain

The global demand for rubber is increasing. That’s a problem for all automotive manufacturers, but especially for electric vehicle producers.

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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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Workhorse Aero looks to add Horsefly drone to UPS Flight Forward FAA certificate

Supply Chain Dive

The approval and partnership would allow Workhorse to scale faster towards its last-mile delivery goals.

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Ultimate Guide: How to Conduct an Incident Investigation

SCMR (Supply Chain Management Review)

Learn How CSA Z1005 Can Revolutionize Your Workplace Safety Practices and Increase Your ROI! Download Our White Paper Now.

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Gemcorp Sets Up $1B Fund to Tap Saudi Arabia Projects

Supply Chain Brain

The fund will target investments in projects that are aligned with Vision 2030, Crown Prince Mohammed Bin Salman’s plan to transform the Saudi economy away from reliance on oil.

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Smarter Insights, More Innovative Solutions: Why Procurement Needs a Seat at the Strategy Table

Pipefy

Procurement has a direct impact on a company’s financial health. From reducing waste and containing costs to mitigating risks such as procurement fraud and inflated expenses, procurement’s insights and expertise can help businesses navigate some of their most pressing challenges. To do this, procurement teams require visibility into their data, control over their processes, and a seat at the business strategy table.

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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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Watch: The Changing Package Mix in Parcel Shipping

Supply Chain Brain

The package mix in parcel shipping is getting more varied and complex — a positive trend in the long run, but one that presents challenges to carriers in the short term, says Nick Herbon, regional sales manager with EuroSort.

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Unlocking Procurement’s Full Potential for Strategic Partnership

Pipefy

Procurement teams have a critical role to play in business strategy. Identifying opportunities to cut costs is one of the most important ways they do this. Procurement teams also share crucial data and information that business leaders need in order to make choices, set strategy, and stay competitive. Finally, procurement teams are responsible for anticipating and responding to disruptions in the supply chain and their own processes.

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Talent Talks LIVE Sept 2023 with Visa’s S-J Aldridge, Specsavers’ Carl Ferrand and Aztec Group’s Jonathan Patrick – Episode 82

Procurement Talk with David Byrne

Listen on Apple Podcasts Listen on Spotify Listen on Google Podcasts Listen on Amazon Episode show notes “We have all these other things that we can do, but the end game that the Chief Executive wants is the value that you’re giving them.” The procurement industry is ever-evolving with shifting skillsets, constrained talent … Continued The post Talent Talks LIVE Sept 2023 with Visa’s S-J Aldridge, Specsavers’ Carl Ferrand and Aztec Group’s Jonathan Patrick – Episode 82 appeared

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Contract Talks to Resume October 27 in St. Lawrence Seaway Strike

Supply Chain Brain

Negotiations between the sides broke down during the weekend of October 21, which led to about 360 workers walking off the job shortly after midnight on October 22.

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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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Is The Single Source of Truth A Myth? Duncan Jones Adds Important Insights Regarding Supplier Intelligence

Procurement Insights

“The single source of truth is a myth. It will never exist. CPOs should learn to live without it like sellers & marketers do. Eg different buyers, rating agencies, & communities rate a supplier’s reliability differently. You’re not 100% sure that news item about unethical behaviour refers to your similarly named supplier.” – Duncan Jones (October 25th, 2023) Duncan Jones always has something worthwhile and insightful to contribute to any discussion stream on

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GM, Honda Nix $5B Plan to Co-Produce Cheaper EVs

Supply Chain Brain

Honda and GM agreed to develop lower-priced EVs based on a joint new platform in April of 2022 with the hope of producing millions of cars by 2027.

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Boeing Posts $1.6B Loss on Fewer Deliveries, Higher Air Force One Jet Costs

Supply Chain Brain

The company was forced to lower its forecast of 737 Max production from between 400 and 450 planes to 375 to 400 aircraft.

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NewCold Opens $300M Cold Storage Facility in Indiana

Supply Chain Brain

NewCold said that its brand new $300 million cold storage facility is among the largest in the world.

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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.