Thu.Mar 14, 2024

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Four Keys to Realizing Flexible Fulfillment of E-Commerce Orders

Supply Chain Brain

The adoption of e-commerce as the consumer’s retail channel of choice has increased by 30% post-pandemic, spurring urgent mandates for e-tailers to scale operations and services.

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In an era of AI, skill building is a top organizational priority, LinkedIn says

Supply Chain Dive

Learning and development pros can encourage short bursts of instruction to help workers make progress in small chunks.

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How Generative AI Will Shape Contracting

Supply Chain Brain

Contracts have long been uncelebrated essentials in the business environment. If your company is like most others, procurement professionals view commercial agreements as irritating interruptions to business procedures. They can’t wait to sign the bottom line of the documents, file them in a cabinet and forget them.

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Meet AI in Sourcing

Spend Matters

Artificial intelligence (AI) comes in many forms (for a complete history of AI in procurement see our recently published autogmentation series) and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry. In this series of articles we explore the current state of AI in procurement technology.

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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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A 2024 Supply Chain To-Do List

Supply Chain Brain

A post-Covid-19 supply chain model is emerging to cope with a dual ‘new normal’ in global commerce — a need for resilience amid volatility, and heightened concerns around climate and, more broadly, sustainability of products and processes.

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Three Strikes for the New Baseball Uniform

Art of Procurement

I live in Boston, one of the greatest sports towns in the world (if we do say so ourselves). With. The post Three Strikes for the New Baseball Uniform appeared first on Art of Procurement.

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Using Your End Of Year Budget for L&D Effectively

Skill Dynamics

As the year draws to a close, organizations face the critical task of effectively utilizing their end-of-year Learning and Development budgets. The allocation of this budget is not a decision to be taken lightly, as it has a direct impact on the company’s growth, productivity, and talent development. With countless options available in the market, it’s crucial to find a solution that aligns with your organizational objectives and addresses your specific skill gaps.

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Video-Based Safety: Measuring the Value of a Managed Services Program

Supply Chain Brain

In today's fast-paced world, fleet safety has become paramount. Simply installing video cameras is no longer enough. It requires a comprehensive approach that includes expert oversight and actionable insights. That's where SmartDrive's managed services come in.

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Getting started with Kafka client metrics

IBM Supply Chain Blog

Apache Kafka stands as a widely recognized open source event store and stream processing platform. It has evolved into the de facto standard for data streaming, as over 80% of Fortune 500 companies use it. All major cloud providers provide managed data streaming services to meet this growing demand. One key advantage of opting for managed Kafka services is the delegation of responsibility for broker and operational metrics, allowing users to focus solely on metrics specific to applications.

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Factoring Carbon Dioxide Emissions in Transportation

Supply Chain Brain

Among various modes of freight transportation, trucking is a significant contributor to CO2 emissions for most companies. Read this exclusive report on Factoring Carbon Dioxide Emissions in Transportation for more information today!

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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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Gap Inc. gets a boost from retooled sourcing strategy

Supply Chain Dive

Falling commodity costs have lifted margins, while leaner inventories have helped improve operations and reduced markdowns.

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Making the Case for TMS: Driving Supply Chain ROI

Supply Chain Brain

When building a business case for the investment in a new TMS, it is important to provide information on the ROI. This whitepaper helps uncover the key areas that consistently deliver savings, value and continuous improvement in your supply chain and across your business to support your business case.

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Big Lots makes huge gains in closeout sourcing

Supply Chain Dive

The company has revamped its procurement strategy to focus on acquiring inventory from distressed and overstocked retailers and brands.

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AI and Digital Twins Revolutionize 2024 Warehouse Operations

Supply Chain Brain

Warehouse management systems have long produced a wealth of data relating to picking, packing, slotting and inventory management, but the visualization capabilities provided by digital twins go a long way toward making that information actionable.

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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 Hoarding Explanation for the Post-COVID Inflation for Goods

SCMR (Supply Chain Management Review)

Inflation continues to impact the U.S. economy, but could a fear of supply shortages have caused a hoarding of materials and contributed to inflation’s rise?

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Contract Intelligence: GenAI Turns Commercial Agreements Into Value Creators

Supply Chain Brain

Thanks to advancements in generative artificial intelligence, procurement professionals may now leverage their system of commercial agreements to increase their company’s return on investment.

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The Home Depot expands distribution center network for pro orders

Supply Chain Dive

Four new locations aim to reduce in-store congestion by directly shipping products like lumber and insulation to jobsites.

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Watch: What Do Supply Chain Executives Want From Marketers?

Supply Chain Brain

Randy McClary, lead solutions architect with grocery supercenter chain Meijer, shares tips on how marketers of supply chain services can successfully convey their message to buyers.

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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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Maximizing business outcomes and scaling AI adoption with a Hybrid by design approach 

IBM Supply Chain Blog

For established businesses, the debate is settled: a hybrid cloud approach is the right strategic choice. However, while embracing hybrid cloud might be intrinsic, clients continually seek to derive business value and higher return on investment (ROI) from their investments. According to a study conducted by HFS Research in partnership with IBM Consulting®, only 25% of surveyed enterprises have reported solid ROI on business outcomes from their cloud transformation efforts.

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Distribution and Delivery: 5 Strategic Priorities for 2024

Supply Chain Brain

Are you under pressure to do more with less in 2024? Well, the truth is that you are not alone.

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February retail sales see annual and sequential gains, reports Commerce and NRF

SCMR (Supply Chain Management Review)

Commerce reported that February retail sales, at $700.7 billion, rose 0.6% compared to January and were up 1.5% annually.

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The Secret Sauce to Profitable Rebate Programs

Supply Chain Brain

Rebates have long offered the potential of a win-win-win for manufacturers, distributors and customers, but they are burdensome if not well managed.

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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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Why should companies be held liable for their extended supply chain?

Procurement Insights

I just read this EURACTIV article in its entirety – even re-read a few sections. Many points stood out to me, but it is the second last paragraph that cuts right to the chase: “Even if the legislation was considerably “watered down” from Parliament’s initial “ambitious position,” “the EU needs this directive because, for the first time in [EU] history, businesses are held accountable for human, environmental or labour abuses across their production

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NTSB: Boeing Overwrote Footage of Repairs Done to 737 MAX 9 Months Before Door Plug Blowout

Supply Chain Brain

The NTSB’s investigation into Boeing has run into another roadblock — missing surveillance video.

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The future of 5G: What to expect from this transformational technology

IBM Supply Chain Blog

Since its rollout in 2019, 5G wireless networks have been growing in both availability and use cases. Apple was one of the first manufacturers to test the appetite for 5G in 2020 by offering its newest iPhone with 5G compatibility. From there, the floodgates opened, and today as much as 62% of smartphones are built with 5G connectivity (link resides outside ibm.com.

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Home Depot to Open 4 New Distribution Centers in Appeal to Pro Customers

Supply Chain Brain

Roughly half of The Home Depot’s customers are home improvement professionals, and the company wants more.

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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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What is the True Value of ESG?

Barkers Procurement

Series 1 / Part 2 ESG. Some would argue one of the key areas of focus for procurement in 2024. Others would question the value of ESG and what tangible benefits a company can derive through engaging in ESG principles, behaviours and action. To understand the true value of ESG let’s start by defining what ‘value’ is. The Oxford English dictionary defines ‘value’ as: Noun The regard that something is held to deserve; the importance, worth, or usefulness of something.

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Podcast | The Trend in Corporate Giving: Are Businesses Stepping Up?

Supply Chain Brain

Are businesses keeping up their commitment to corporate giving and social responsibility?

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Procurement 6 – March 15th, 2024

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 – March 15th, 2024 appeared first on Art of Procurement.

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The Good, the Bad, and the Ugly of ChatGPT AI? (One Year Later)

Procurement Insights

EDITOR’S NOTE: One year ago today, I posted the following to LinkedIn and received some notable reactions regarding the ChatGPT controversy. How might these opinions change now that we have “experienced” ChatGPT? Great post by Bernard Marr – so, what is The Good, the Bad, and the Ugly of ChatGPT AI ? (source: Sergio Leone) Here are my thoughts: I love the power of algorithms and AI’s capabilities.

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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.