Wed.Jul 12, 2023

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CPO SPOTLIGHT: NICK JENKINSON

Procurement Heads

Passionate about digital transformation and innovation, Nick spoke to Procurement Heads’ James Dobbin about his experiences, outlook and drivers. How did your procurement journey begin? Like many in procurement, I didn’t have a lifelong dream that this was what I was going to do with my career, I came out of university and found a role with a local business.

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Nike and Dynasty Gold Being Investigated Over Forced Labor Allegations

Supply Chain Brain

The probes were launched after an assessment of complaints regarding the overseas operations of 13 Canadian businesses was filed by a coalition of 28 civil society organizations in 2022.

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Generative AI: What CLM end users can expect, and what’s coming next

Spend Matters

Generative AI is already at the forefront of business processes and long-term plans across many industries. Procurement and source-to-pay are no exceptions, especially contract lifecycle management (CLM). Notably, procurement tech users and legal professionals can now use ChatGPT and similar tools to analyze contract language and even in the clause-writing process itself by drafting some initial language.

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Evergreen Marine Confirms $5bn Order for 24 Containerships

Supply Chain Brain

The construction deal will reportedly be divided between Nihon Shipyard, a joint venture between Japan Marine United Corporation and Imabari Shipbuilding Co., Ltd., and Samsung Heavy Industries (SHI).

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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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Hallmark centralizes distribution network with second Liberty facility

Supply Chain Dive

The 850,000-square-foot hub is located less than a mile from its existing warehouse and will reduce transportation needs.

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Iranian Ship Seized by Indonesia Under Suspicion of Illegal Oil Transfer

Supply Chain Brain

The Iranian-flagged vessel was apprehended July 7 while carrying out the illegal transshipment of oil to a Cameroonian tanker inside of Indonesia’s exclusive economic zone.

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Boeing Struggling to Keep Pace with Airbus Through 2023 Despite June Deliveries

Supply Chain Brain

As of July 11, Boeing has reportedly delivered 266 aircraft to consumers, which is less than the delivery output recorded by Airbus through 2023.

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The art of the deal: Why human factors can earn you a negotiating win

SCMR (Supply Chain Management Review)

Do you like playing poker? For supply chain negotiators, the process of closing deals can often feel like a game of poker. Who blinks last is often going to get the best deal. But it doesn’t have to end that way.

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Three Proven Strategies to Improve Operational and Cost Efficiencies During a Freight Recession

Supply Chain Brain

There is no way to avoid it: the trucking and freight industries are in a recession, with no clear visibility as to when business will rebound.

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UPS will have trouble passing on any Teamsters wage hikes to shippers

Supply Chain Dive

More carrier options and soft demand will make it hard to raise rates to counteract higher labor costs, experts say.

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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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Tomorrow’s Procurement Will Be Shaped by Digital Automation in Supply Chains

Supply Chain Brain

Using technology to transform capabilities, talent pool and insights will help companies advance in the competitive business wars.

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How to become a truly digital enterprise

SCMR (Supply Chain Management Review)

A truly digital enterprise has transformed business processes both in customer relations and internal operations. The challenge businesses face is trying to catch up with constantly changing technology while remaining relevant to customers, and meeting their changing needs on time.

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PUMA Commits to Sourcing Leather from Deforestation-Free Supply Chains

Supply Chain Brain

PUMA announced July 6 it is aiming to source all of its bovine leather from deforestation-free supply chains by 2030 or sooner.

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Renewcell launches supplier network for its recycled raw material

Supply Chain Dive

The network includes 47 yarn and textile suppliers that have committed to using Circulose, a material made from recycled fibers.

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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: Revolutionizing the Next Generation of Freight Transportation with Automation

Supply Chain Brain

There’s a revolution coming to the freight industry in the form of artificial intelligence, but what does that actually mean?

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Deal to end British Columbia port strike is within reach, Canada’s labor chief says

Supply Chain Dive

Minister of Labour Seamus O'Regan sent the negotiating parties a letter on Tuesday, alerting them mediators would soon propose a settlement.

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3 ways the IBM and Adobe partnership will accelerate content supply chains with generative AI

IBM Supply Chain Blog

We’re delighted about the recent unveiling of IBM and Adobe’s dynamic partnership to help brands accelerate their content supply chains using generative AI. Our longstanding partnership with Adobe allows us to offer an unparalleled range of services to meet the evolving needs of the marketing and creative community. So, what does this partnership mean in practical terms?

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Digital Transformation KPIs: The Ultimate List

Pipefy

Digital transformation has become an increasingly important requirement for business success over the past 30 years. Companies must adapt to new technologies as they develop if they want to get ahead of the competition and stay there. Customer expectations of a company’s digital capabilities are constantly growing, and the methods they use to evaluate success become ever sharper and more accurate.

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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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AMP8 and The Drive for Net Zero

Barkers Procurement

Find out how we can support your AMP8 ambitions Book a meeting A significant feature of Asset Management Period 8 (AMP8), which starts on 1 April 2025 and affects all English and Welsh water companies, will be a focus on tackling the water industry’s commitments to lowering their carbon footprint and driving towards net zero. It is certainly true that many water companies have already put significant efforts into tackling climate change in recent years.

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The Ultimate Guide to Back Office Operations & Processes

Pipefy

Back office operations are invisible to customers, but they’re an essential part of all businesses. They serve a supporting role, allowing front office departments to function at optimal productivity. In the current age of digital transformation, back office solutions can be the key to reducing operating costs and adding value. This guide explores back office functions, business process outsourcing (BPO) , and back office processes that can be streamlined for efficiency.

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Episode 123: Healing Healthcare Supply Chains with Luká Yancopoulos

Una

EPISODE 123 Healing Healthcare Supply Chains with Luká Yancopoulos By Kelly Barner | July 12, 2023 Many supply chains deal with pain points. Unlike other industries, however, healthcare deals with sourcing and procurement pain points that bring actual pain. In an industry where securing lower costs does not offer the same incentive as it does for others, it takes a different approach to help decision makers see the risks and rewards before them.

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Operational Planning: A Guide to Improve Business Efficiency & Success

Pipefy

Operational planning is the creation of a detailed roadmap based on a strategic plan. It aligns action items with timelines and key milestones that an organization needs to execute the strategic plan. As a result, an operational plan outlines the organization’s key objectives and the approach it will use to achieve them. Optimize and manage any type of workflow and business process with Workflow Management: The Crash Course Download free guide The operational planning process describes a company

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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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Enterprises need generative AI tailored to their unique needs, with their own unique data

IBM Supply Chain Blog

In less than a year, we’ve gone from the “run your business and apply AI to help” paradigm to a reality where enterprises in every industry are navigating how to embed AI into the fabric of their strategies. Generative AI based on foundation models has brought us to this inflection point. In fact, new research from IBM’s Institute for Business Value CEO study found three out of four (75%) CEOs surveyed believe the organization with the most advanced generative AI wins, an

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A Complete Guide On Process Maturity

Pipefy

Process maturity is a great measure for how well business processes are structured and performed. The higher the maturity, the greater the performance. Multiple models exist for making processes more mature, and there are also many ways to assess them. This guide shows how to measure process maturity and use these models to control business processes and ensure better teamwork, process efficiency , and experiences. mprove process maturity with the Definitive Guide to Business Process Automation

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CaixaBank CIO Pere Nebot discusses modernizing business operations for an enhanced, customer-centric experience

IBM Supply Chain Blog

As a leading financial group in Spain, CaixaBank has long been an innovator by taking a technology-first approach by placing innovation, digital transformation, customer experience and sustainable banking at the forefront of its strategy. The bank reportedly serves 20 million customers and is a country leader in digital banking with more than 11 million customers.

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Intelligent Process Automation: What It Is & How to Implement It

Pipefy

Market upheavals of the last few years coupled with the persistence of high inflation rates have driven businesses worldwide to seek every possible means of streamlining operations. The time for survival mode has passed; in order to compete in just about any industry, organizations must resume growth. No-code BPA ( business process automation ) platforms have been invaluable to companies looking to improve efficiency by automating data management and repetitive tasks, improving customer experien

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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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Contingency plan examples: A step-by-step guide to help your business prepare for the unexpected

IBM Supply Chain Blog

Enterprises are often defined by how they deal with events that are out of their control. For example, how you react to a disruptive technology or cope with a sudden change in the markets can be the difference between success and failure. Contingency planning is the art of preparing for the unexpected. But where do you start and how do you separate the threats that could do real harm to your business from the ones that aren’t as critical?

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Exploring Internal Processes for Enhanced Efficiency & Productivity

Pipefy

Providing goods and services requires any business to conduct multiple interactions between people and systems. These internal processes must work well to achieve a high level of efficiency and productivity, which leads to greater customer satisfaction. Avoiding the many problems caused by inefficient internal processes requires organizations to continually monitor and improve them.

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OEE vs. TEEP: What’s the difference?

IBM Supply Chain Blog

Breakdowns, equipment failure, outages and other shop floor disruptions can result in big losses for an organization. Production managers are tasked with ensuring that factories and other production lines are getting the most value out of their equipment and systems. Overall equipment effectiveness (OEE) and total effective equipment performance (TEEP) are two related KPIs that are used in manufacturing and production environments to help prevent losses by measuring and improving the performance

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