Wed.Jan 03, 2024

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IBM’s new watson large speech model brings generative AI to the phone 

IBM Supply Chain Blog

Most everyone has heard of large language models, or LLMs, since generative AI has entered our daily lexicon through its amazing text and image generating capabilities, and its promise as a revolution in how enterprises handle core business functions. Now, more than ever, the thought of talking to AI through a chat interface or have it perform specific tasks for you, is a tangible reality.

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FedEx Express sees ‘significant headwind’ from reduced US Postal Service volume

Supply Chain Dive

Strategic shifts from both carriers complicate efforts to renew their air transportation contract, which expires in September.

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

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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Evolving supply chains need talent with the gift for seeing end-to-end

Supply Chain Dive

As supply chains transform, teams will need to step out of their siloed functions and focus on organization-wide priorities, Kearney experts write.

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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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Vietnamese EV Maker Planning Battery Plant in India

Supply Chain Brain

VinFast said in October 2023it would build assembly factories in India and Indonesia that each have an annual capacity of up to 50,000 cars and a capital expenditure of up to $200 million at first.

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Episode 146: Calling All Solution Enthusiasts! with A’Keela Johnson

Una

EPISODE 146 Calling All Solution Enthusiasts! with A'Keela Johnson By Kelly Barner | January 3, 2024 Procurement is used to dealing with a whole series of stereotypes associated with the profession: bean counters… pencil sharpeners… and penny pinchers, just to name a few. Those nicknames stand in sharp contrast to the value procurement delivers on a daily basis – value that extends far beyond savings to improve the competitive position of the whole company.

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Inside the geographic transformation of supply chains

Supply Chain Dive

Lead times, cost-pressures and geopolitical risks are just a few reasons why companies are making operational changes.

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Russian LNG Producer Begins Arctic Operations Despite U.S. Sanctions

Supply Chain Brain

The first shipments from the LNG project will be delivered during the first quarter of 2024, said Russian Deputy Prime Minister Alexander Novak.

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Delivering responsible AI in the healthcare and life sciences industry

IBM Supply Chain Blog

The COVID-19 pandemic revealed disturbing data about health inequity. In 2020, the National Institute for Health (NIH) published a report stating that Black Americans died from COVID-19 at higher rates than White Americans, even though they make up a smaller percentage of the population. According to the NIH, these disparities were due to limited access to care, inadequacies in public policy and a disproportionate burden of comorbidities, including cardiovascular disease, diabetes and lung disea

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Missouri Bans Foreign Adversaries from Buying Land Near Military Bases

Supply Chain Brain

The executive order prohibits companies and citizens from "threatening countries" from purchasing farms or other types of land within ten miles of staffed military sites in Missouri.

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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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Material Shortages Could Propel E-waste Recycling

SCMR (Supply Chain Management Review)

Global trade tensions and continued material shortages will continue to hamper the supply chain in 2024 says a Deloitte forecast.

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How Industry 4.0 is Interwoven into Modern Warehouse Design

Supply Chain Brain

It's hard to predict what a warehouse will look like in ten years.

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Mathew Schulz gives a timely stir of the “Procurement Digital Transformation”pot!

Procurement Insights

Pop Quiz: When was the following article excerpt about orchestration written: “During the alignment phase, stakeholder input (especially from your purchasing department and supply base) will also enable you to lay a solid foundation to evaluate current and proposed technologies. Besides eliminating compliance challenges, you will be able to know exactly where and how you can utilize orchestrated technology to deliver savings.” Today’s post is my response to a great post by Math

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My SaaS Negotiation Course is Live on Udemy

The Good Spending

My online course, "Modern Approach to Cloud Software (SaaS) Negotiations," is live on Udemy. Please follow this link [link] and get closer to becoming the SaaS negotiation expert. Software as a Service (SaaS) procurement refers to acquiring cloud-based software applications on a subscription basis rather than through traditional software licensing models.

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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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Manufacturing ended the year in a lull, but optimism up for 2024: PMI

Supply Chain Dive

The industry could enter growth mode as early as March, economists say.

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Best of 2023: CPO Rising 2023: Priority Deep Dive — Once Again, Savings Is Job One

CPO Rising

Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2023 articles as we reflect on the year and prepare for the new year ahead.