Tue.Oct 03, 2023

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Building Trust-based Supply Chains to Mitigate Forced Labor Risk

Supply Chain Brain

Importers must start asking the hard questions and take action to mitigate the significant legal, financial, and reputational risks of trading with partners involved with forced labor.

Risk 111
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Are supply chains up to the challenge of cutting Scope 3 emissions?

Supply Chain Dive

As climate milestones approach, there is still much work to be done in measuring and reducing footprints. Procurement and supply chain teams will play a key role.

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Four Tips for Optimizing Omnichannel Allocation and Replenishment With AI

Supply Chain Brain

With the omnichannel becoming the standard for fulfillment, decisions on allocation and replenishment become far more complicated than just meeting demand at the store level.

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IBM and ESPN use AI models built with watsonx to transform fantasy football data into insight

IBM Supply Chain Blog

If you play fantasy football, you are no stranger to data-driven decision-making. Every week during football season, an estimated 60 million Americans pore over player statistics, point projections and trade proposals, looking for those elusive insights to guide their roster decisions and lead them to victory. But numbers only tell half the story. For the past seven years, ESPN has worked closely with IBM to help tell the whole tale.

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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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The Market Speaks: The procurement practitioner’s digital challenges – Part 2 (Opacity)

Spend Matters

In part 1 , Ian Nethercot, head of supply chain at IT marketplace and advisory service Probrand talked to us about what challenges his customers are facing in the world of IT buying. He cites a greater need for visibility around supply availability, price and supplier honesty. In part 2 he goes further and addresses how that barrier can be lifted by a digital enabler.

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Operationalize automation for faster, more efficient incident resolution at a lower cost

IBM Supply Chain Blog

IT is under enormous pressure. The expectation is 24/7/365 performance while also delivering increasingly better customer experiences at the lowest possible cost. The reality is that it’s difficult to keep apps performing as designed, especially in modern, cloud-native environments with microservices and Kubernetes. Cloud costs are out of control, and teams spend too much time fixing instead of innovating.

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Security AI and automation are key in protecting against costly data breaches for retailers and consumer goods businesses

IBM Supply Chain Blog

The rise of online commerce over the last two decades has completely transformed the retail and consumer goods industries—and with smartphone adoption accelerating globally, the share of shopping done via the internet will only continue to expand. But this growth in digital sales can come with a hefty price tag for retailers and consumer goods businesses: a much greater risk of data breaches.

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Peak season hiring roundup: Amazon ups recruiting goal, UPS stays flat

Supply Chain Dive

Companies once again want added holiday help for their warehouse and transportation operations, although some have less ambitious hiring goals in 2023.

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This picture proves it: Procurement and supply chains are everywhere

Procurement Insights

In another example of a picture being worth a thousand words, in the past, my children have asked me to explain what procurement and supply chains do beyond a conceptual basis. In short, they know it is about moving stuff from one point to another, but what does it really mean to them. Because chance favors the prepared mind, I was able to snap the following picture.

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Self-Driving Trucks are 'Not Anywhere Close'

Supply Chain Brain

Professor Missy Cummings explained the limitations of artificial intelligence, warning, “There’s so much hype out there; it’s your job as supply chain executives to understand what’s real and what’s not.

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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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How Supplier Consolidation reduces Procure-to-Pay pain

Procurement Software

The topic of supplier consolidation is a popular one, especially across indirect procurement spend. If we take the 80/20 rule, then 80% of the supply base usually accounts for just 20% of an organisation’s total spend. Furthermore, the vast majority of P2P issues and day-to-day firefighting usually comes from this long tail of non-core, non-strategic suppliers.

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Scheduling Standards Consortium Publishes API Standard for TMS

SCMR (Supply Chain Management Review)

Efforts to streamline freight movement took a step forward on Monday when the Scheduling Standards Consortium announced the release of its first API for transportation management systems.

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AI, Robotics, and Technology in Supply Chain

Supply Chain Brain

We'll examine where robots fit within an organization's enterprise architecture and highlight opportunities for organizations to take advantage of trends in the robotics industry.

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Prepare Your DTC Fulfillment Operations to Thrive Under Peak Season Pressure

SCMR (Supply Chain Management Review)

Register now to stay ahead of the curve and ensure a successful peak season.

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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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Watch: Solving the Tricky Problem of Returns

Supply Chain Brain

Pavan Mahtani, general manager of returns with Veho, explains the complications that arise from the management of returns, along with solutions that can mitigate the cost for all involved.

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Worldwide Express, GlobalTranz, and Unishippers United Under WWEX Group Umbrella

SCMR (Supply Chain Management Review)

A trio of well-known logistics services providers announced on Monday they are collaborating on what they called a new corporate identity entitled WWEX Group.

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Why Procurement Should Care About UX

Una

Why Procurement Should Care About UX Insight into why procurement should care about UX and how sourcing can improve the user experience to build its brand and drive value. By Hugo Britt | October 3, 2023 Search Search User Experience (UX) is all about what the user of a product – such as a webpage – experiences when interacting with that product. Companies spend millions designing and constantly refining their online UX because it’s so high-impact.

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What is eProcurement? Discover the Best Software

Fraxion

What is eProcurement software and what impact can it have on your business processes? eProcurement, or electronic procurement represents a shift in how businesses requisition and purchase goods and services. In a world where efficiency, cost savings, and agility are the key to success, eProcurement software has emerged as a transformative vehicle for cross-industry business efficiency for companies of all sizes.

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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 to Achieve N-Tier Orchestration in Upstream Pharmaceutical Supply Chains

The Network Effect

The post How to Achieve N-Tier Orchestration in Upstream Pharmaceutical Supply Chains appeared first on The Network Effect.

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IMF Warns Fragmentation Imperils Food Security, Green Transition

Supply Chain Brain

Minerals critical for the green transition and highly traded agricultural products are especially vulnerable to “geo-economic fragmentation,” the IMF said October 3.

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Is “plug-and-play” procuretech a fallacy? – Karthik Rama from Procurement Doctors

The Procuretech Podcast

In this episode of The Procuretech Podcast, host James Meads welcomes Karthik Rama, also known as The Procurement Doctor, to discuss the current state of procurement and the barriers preventing investment in innovative startups and procurement tech companies. They explore the history and symptoms of the issue, and then offer potential solutions. Join us for an exciting and insightful conversation in the digital procurement space.

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Boeing Wants to Produce At Least 57 737s Monthly by 2025

Supply Chain Brain

Boeing laid out this recent plan in the latest version of its master schedule for suppliers, which was re-affirmed by the company in the middle of September.

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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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Gartner Releases Top Ten Asia/Pacific List

Supply Chain Brain

Alibaba placed second on the Asia/Pacific list followed by JD.com in third, Taiwan Semiconductor in fourth and Toyota Motor in fifth place.

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United Airlines Pilots Approve Contract with Potential 40% Pay Bump

Supply Chain Brain

The Air Line Pilots Association (ALPA), the union representing United Airlines aviators, said the deal is worth about $10 billion.