Mon.Dec 18, 2023

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Examples and uses of GIS

IBM Supply Chain Blog

One of the largest sources of data is all around us—that is, geospatial data. This is information relating to the Earth’s surface, its climate, the people who live on it, its ecosystems and more. Geographic information systems (GIS ) visualize and make sense of this data, helping people and businesses better understand the patterns and relationships of our world.

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Navigating the Holiday Season: Managing High Retail Return Rates

Supply Chain Brain

By adapting their strategies, leveraging technology, and embracing innovative concepts like "keep it" returns and buy-online-return-in-store (BORIS) incentives, retailers can better manage the influx of returned items.

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Mexico’s nearshoring wave is years in the making

Supply Chain Dive

Decades of investments in logistics infrastructure, trade deals and becoming a manufacturing hub are paying off as shippers look to nearshore production.

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Timely, Detailed Employee Feedback Can Alleviate Warehouse Labor Retention Problems

Supply Chain Brain

Traditionally, it’s been tough to gather detailed, timely feedback on employees’ experiences, mood, suggestions and likelihood of quitting. Until now.

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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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Shipping lines avoid Suez Canal as Red Sea attacks continue

Supply Chain Dive

Carriers' move to reroute or pause vessel transits could add time and monetary costs for shippers.

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Takeaways From the Global Supply Chain Leaders Conference

Supply Chain Brain

More than 100 supply chain, logistics, manufacturing, and procurement professionals gathered in Houston to discuss the challenges and opportunities in today’s post-pandemic landscape.

More Trending

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BP Suspends Oil and Gas Shipment through Red Sea

Supply Chain Brain

BP is the first oil company to directly halt its own shipping, after five major ocean carriers halted service through The Bab al-Mandab strait.

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Gatekeeper: Vendor Analysis — Contract lifecycle management and third-party risk management solution overview, roadmap, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Gatekeeper and its contract lifecycle management (CLM) and third-party risk management (TPRM) solution. A fast-growing provider, Gatekeeper offers an interesting value proposition, combining CLM with native TPRM functionalities, two areas that are often linked but usually addressed with disparate software tools.

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Railroads Urge Border Officials to Reopen U.S.-Mexico Crossings

Supply Chain Brain

“While the company understands this is a complex humanitarian crisis, most migrants are not crossing the border on trains,” Union Pacific said in a statement.

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Brands: Make Vendor Compliance an Investment, Not a Cost

SCMR (Supply Chain Management Review)

Traditionally, vendors viewed vendor compliance as a burdensome cost. Truthfully, it is to a certain extent. But it also can be an investment that can be turned internally and used to benefit the vendor company widely.

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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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U.S. Announces New Task Force to Counter Houthi Red Sea Threat

Supply Chain Brain

The attacks in the Red Sea, which handles about 12% of world trade as a key waterway for goods and energy, have emerged as a fresh threat to global supply chains.

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Railroads urge reopening of Eagle Pass and El Paso, Texas border crossings

Supply Chain Dive

U.S. Customs and Board Protection shut down the vital trade gateways in the wake of surging immigration activity.

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U.S. Steel Agrees to Be Bought by Japanese Rival After Long Takeover Saga

Supply Chain Brain

The acquisition is a further consolidation of the industry in the United States, which is now dominated by three major companies: Cleveland-Cliffs, Nucor and Steel Dynamics.

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New Year Insights for the procurement solutions and services marketplace 2024: The Classification Guru

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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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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Troubleshoot your network with DNS Insights

IBM Supply Chain Blog

It is relatively simple to see that something is wrong with your network using DNS data. A spike in NXDOMAIN responses or other errors usually serves as a clear indication that something is amiss. The next step—diagnosing the source of the problem and then actually doing something about those errors—is often a heavier lift. It is a data problem.

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To better understand the use of generative AI in procurement, you must first understand agent-based modeling and strand commonality.

Procurement Insights

EDITOR’S NOTE: The following is my comment to a LinkedIn post by Kimberly-Clark ‘s Rajesh Kumawat ABACUS Timing is everything. In another discussion stream, I just provided the following response that aligns with Tamera Fenske ‘s “backbone of the company” comment: NOW you have given me something to consider, e.g., Google Gemini.

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How NS1 ensures seamless DNS migrations

IBM Supply Chain Blog

Migrating a mission-critical system like authoritative DNS is always going to involve some amount of risk. Whenever you’re flipping a switch from one infrastructure provider to another, the possibility of downtime is always lurking in the background. Unfortunately, many network admins use this risk potential as a reason to continue using an authoritative DNS service that no longer adds business value.

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7 Things To Consider For Efficient Spare Parts Management

SCMDOJO

In the world of manufacturing and maintenance, effective spare parts management is essential for maximizing equipment uptime and reducing costs. Making sure the correct spare parts are easily accessible when needed can greatly boost profits and how well it operates. Yet, handling spare parts can be tricky and needs careful planning and execution. In this detailed guide, you’ll delve into the most effective ways to manage spare parts.

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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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Types of business strategy

IBM Supply Chain Blog

In today’s business environment, regardless of the product or service, leaders must develop a well-honed business strategy. Without clarity and intention, even the most innovative companies are unlikely to succeed. A successful business strategy must clearly define an organization’s objectives, decision-making processes and long-term business goals.

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Forward Air plans general rate increase of 5.9%

Supply Chain Dive

The new rate will be tendered on shipments beginning Feb. 5, the carrier announced last week.

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What Is Rum data and why does it matter?

IBM Supply Chain Blog

What is RUM data? Contrary to what you might think, RUM data isn’t a performance indicator for Captain Morgan, Cuban tourism or a Disney film franchise. Real User Monitoring (RUM) data is information about how people interact with online applications and services. Think of it like an always-on, real-time survey of what your users experience online.

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5 Procurement Trends Shaping 2024

Pipefy

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. In 2023, our procurement predictions focused on five key areas: The growing emphasis on burnout prevention.

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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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5 things to know: Driving innovation with AI and hybrid cloud in the year ahead

IBM Supply Chain Blog

As we look ahead to 2024, enterprises around the world are undoubtedly evaluating their progress and creating a growth plan for the year to come. For organizations of all types—and especially those in highly regulated industries such as financial services, government, healthcare and telco—considerations including the rise of generative AI, evolving regulations and data sovereignty laws and ongoing security challenges must be top of mind.

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Why Self-Reflection is a Powerful Negotiation Tool

Negotiations Ninja

Enda Is the Managing Director of Mediation Northern Ireland. He jokes that he’s a recovering mechanical engineer. He lives in Northern Ireland and became involved in conflict resolution as a teenager. One day—the organization he’s now the director of—offered a one-day course on mediation in his community.

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Understanding Sourcing Agents

Procurement Freelancers

Sourcing agents commonly serve as vital intermediaries specializing in locating, evaluating, and engaging suppliers on…

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How to get more value from digital procurement data

Supply Chain Dive

Companies are turning to digital procurement tools for better access to data and visibility of spend.

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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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Magnus Mondays: What’s in Store for 2024

CPO Rising

As we close in on the end of the year and I settle in at Ardent Partners, I wanted to take a moment to look toward 2024. Rather than an article on predictions, I want to share what I’m most excited about covering in the year ahead.

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Navigating the AI revolution: balancing risks and rewards in procurement

Spotlight on Procurement

Aris Georgopoulos, Assistant Professor in Public Law and European Law at the University of Nottingham, who is also the Head of Innovation, AI, Strategic, and Defence Procurement Research Unit, discusses AI in the context of procurement and how it has the potential to change the way we see the world, the way that we work and the way that we live our lives.

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How to optimize application performance with NS1 traffic steering

IBM Supply Chain Blog

“I want it now!”—This isn’t just a phrase spoiled children sing ; it’s what we demand every time we click a link, stream video content or access an online application. As internet traffic grows in volume and complexity, our expectations for faster response times from the services and content we use rises. We often click away if instant results aren’t provided.

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How DNS traffic steering extends the business value of hybrid and multicloud networking

IBM Supply Chain Blog

In the most recent version of its “Cloud Hype Cycle,” Gartner placed multi-cloud network operations in the “peak of inflated expectations, perilously close to the ‘trough of disappointment.'” While this may reflect the state of both hybrid and multicloud networking at an aggregate level, there is an abundance of nuance lurking underneath Gartner’s assessment.

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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.