Tue.Jan 09, 2024

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How to Implement Vendor Management Software Successfully

ProcurePort

In business, organizations rely on vendor relationships to shape their success. These relationships are complex and important for operations. Managing these relationships efficiently is no longer a choice but a strategic imperative. As businesses expand their network of suppliers, service providers, and collaborators, the complexity of vendor management grows exponentially.

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GE Business to Build Turbines for Massive Wind Project

Supply Chain Brain

GE Vernova will utilize its Pensacola, Florida factory to fulfill the large order, while tower manufacturing operations will come from facilities in Texas, New Mexico and Colorado.

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Fire Prevention Within the Supply Chain

SCMR (Supply Chain Management Review)

Disruption is the new norm within the supply chain, but with C-suite backing, and the right decisions, supply chain managers can better prepare their organizations for the inevitable.

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New Year Insights for the procurement solutions and services marketplace 2024: SpendHQ

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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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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Enhancing supply chain performance measurement frameworks with external global indicators

SCMR (Supply Chain Management Review)

Adopting a hierarchical supply chain performance measurement framework allows a firm to organize its performance metrics and align them with its supply chain management structure.

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Choosing Warehouse Sorting Systems for the Future

Supply Chain Brain

Perhaps more than any other warehouse systems, sorters are also among the most time-tested and multi-faceted solutions in use today.

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Toyota Motor Restarts Japanese Operations After Earthquake

Supply Chain Brain

Company president Koji Sato said Toyota is attempting to determine how its supply chain would be affected after suppliers Sumitomo Electric and Aisin suffered damage during the quake.

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Turning the Page: One industry’s paper-thin use of AAA

SCMR (Supply Chain Management Review)

Developing agile, adaptable, and aligned supply chains can help the printing-paper industry weather supply chain turmoil.

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When the dust settles, what can AI actually deliver in procurement?

Spend Matters

This content does not necessarily express the views or opinions of Spend Matters. There’s been a lot of hype around AI this year. ChatGPT-3 made almost every news headline, lauded as a groundbreaking tool that will change the operations of every industry. In reality, when the dust settled, it wasn’t the perfect solve-all solution people initially thought it was.

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Sustaining Competitive Advantage: The Salesperson’s critical value

SCMR (Supply Chain Management Review)

The ability to communicate and diffuse knowledge is critical to supply chain success, yet the utilization of salespeople as a communication conduit within the supply chain is surprisingly undervalued, exposing a critical opportunity.

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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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Episode 147: Successful Companies Need Strong Communities with Erica McMannes

Una

EPISODE 147 Successful Companies Need Strong Communities with Erica McMannes By Kelly Barner | January 10, 2024 Supporting decisions about which suppliers to work with is one of procurement’s most critical responsibilities. But, like so many other business decisions, the ‘Why’ matters, both to the supplier being chosen and to the potential for value creation associated with that partnership.

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Back to Basics: How to build a successful delivery program

Supply Chain Dive

Delivery customers have larger appetites for impulse buys, opening doors for retailers to upsell, experts say.

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Big Batteries May Save U.K. Power System Up to £24B by 2050

Supply Chain Brain

The British government is promoting big batteries as a means to store cheap renewable electricity at times when the grid is oversupplied.

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Want to be a hybrid cloud winner? The recipe for XaaS success

IBM Supply Chain Blog

Picture this: your business is a dynamic player in your industry at the brink of a pivotal juncture. Struggling with the limitations of conventional approaches, you recognize the imperative to embrace IT-as-a-service to stay ahead, with the infusion of AI becoming the catalyst for change. The result? A revolution across revenue operations, customer engagement, employee satisfaction and the seamless flow of product development and delivery.

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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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A look back at Boeing and Spirit AeroSystems’ turbulent year

Supply Chain Dive

From quality issues to missed delivery goals, these aircraft manufacturers navigated stormy skies in 2023.

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Here’s what I’m intrigued by in 2024

SCMR (Supply Chain Management Review)

The supply chain could undergo significant change this year as we adapt to the new normal.

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After Beyond Yoga suppliers stiffed workers, DOL recovers $1.1M in wages, damages

Supply Chain Dive

The athleisure brand agreed to update its vendor code of conduct and establish a monitoring program as part of a compliance agreement with the agency.

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Watch: How to Optimize Production Planning for Repackaging

Supply Chain Brain

Mark Holmes, senior advisor for supply chain with InterSystems, lays out the challenges that manufacturers face in optimizing their repackaging processes, and proposes some solutions for addressing those hurdles.

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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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Qcells, Microsoft expand solar panel supply partnership

Supply Chain Dive

Wafers and cells will be produced at the energy company's upcoming factory in Georgia, slated for construction this year.

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Introduction to Arkestro’s Predictive Procurement Orchestration

Arkestro

Webinars / Introduction to Arkestro’s Predictive Procurement Orchestration Introduction to Arkestro’s Predictive Procurement Orchestration Derek Mellott Arkestro Solution Consultant Summary: In these overview videos, you’ll learn about the innovative features of Arkestro’s Predictive Procurement Orchestration platform. Using a unique blend of behavioral science, game theory, data science, and automation, Arkestro redefines procurement management, tackling challenges such

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My sales advice to solution providers (practitioners have a listen, so you will know what to look for in a provider partner)

Procurement Insights

Question to practitioners: How do you choose a service provider partner? Do you focus on technology or problem-solving ability? Question to providers: Are you lost on the Solution Map? Are you pushing technology features, functions, and benefits or client problem-solving? In this brief video – the first in a series*, I will focus on the following critical points: How to stop chasing solutions and start solving problems How to determine if the rapport “beyond the technology” bui

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Conversational Ticketing: Transforming Digital Business Management

Pipefy

Real-time support is an increasingly important aspect of customer service, resulting in the emergence of conversational ticketing as a means to gain a competitive advantage in the marketplace. Both agents and bots can provide this capability for collaboration platforms like Microsoft Teams and Slack. Conversational ticketing is so named for its ability to allow users to open a ticket by simply having a conversation, resulting in a streamlined process for creating, processing, and managing ticket

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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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Communicating Procurement’s Value Up the Chain

Art of Procurement

Procurement often feels like they are increasingly asked to ‘do more with less,’ and there seems to be no shortage. The post Communicating Procurement’s Value Up the Chain appeared first on Art of Procurement.

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Spotlight on Reverse Logistics

SCMR (Supply Chain Management Review)

With more than 5,000 companies in the space, consolidation could be the word for 2024.

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Loose Parts Discovered on Boeing MAX 737 9 Jets

Supply Chain Brain

The bolts designed to keep the plug from moving off the spots were missing, said NTSB investigators, who are trying to determine if the equipment was ever installed.

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Co-innovate for supply chain ecosystem success

SCMR (Supply Chain Management Review)

Using business ecosystems for innovation can yield better results and performance.

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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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Supply Chain Brain

The latest supply-chain news, analysis, trends and tools for executives in the supply chain management industry.

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7 Effective Business Process Improvement Examples 

Pipefy

Have you ever wondered how streamlining just one key process could significantly elevate your company’s performance? In an era where agile operations and maximum cost optimization are essentials for survival, business leaders need to be constantly asking themselves if their departments are understanding and implementing effective business process improvements.

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Top 10 Hottest British Procurement Startups

Procurement Software

The UK has a hot startup scene, thanks to its entrepreneurial spirit and ease of doing business. British procurement startups are also well-represented within this startup ecosystem. We dive into 10 procuretech startups from the UK who are making waves in this space. The 10 Hottest UK-based Procurement Tech Startups Before we give you the list, we should briefly touch on what we’ve defined as a “Startup” Less than 50 employees, according to data on LinkedIn.

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The importance of data ingestion and integration for enterprise AI

IBM Supply Chain Blog

The emergence of generative AI prompted several prominent companies to restrict its use because of the mishandling of sensitive internal data. According to CNN, some companies imposed internal bans on generative AI tools while they seek to better understand the technology and many have also blocked the use of internal ChatGPT. Companies still often accept the risk of using internal data when exploring large language models (LLMs) because this contextual data is what enables LLMs to change from g

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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.