Thu.Nov 09, 2023

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U.S. to Build $553M Deep-Water Shipping Terminal in Sri Lanka

Supply Chain Brain

The Port of Colombo has been operating near its capacity since 2021, meaning the new terminal will enable the continued growth of economies located in the Bay of Bengal.

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Whirlpool ‘on track’ to reduce $800M in costs via procurement tactics

Supply Chain Dive

In an earnings call, the home appliance company said it reduced parts complexity and used dual sourcing to mitigate supplier-driven disruptions.

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Is it the most wonderful time of the supply chain year?

Art of Procurement

According to the National Retail Federation, 43 percent of people started doing their holiday shopping in October, leading the NRF. The post Is it the most wonderful time of the supply chain year? appeared first on Art of Procurement.

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Scientists break ground on sand sourcing traceability

Supply Chain Dive

A research team’s findings, reported in Nature last week, could help support certification programs amid concerns about illicit sourcing from sensitive areas.

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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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Shelley Simpson Named WIT’s 2023 Influential Woman in Trucking

Supply Chain Brain

Simpson beat out Tori Blake (chief financial officer and co-owner of Western Logistics Express and WLX) and Megan Ferguson (vice president of End-to-End Delivery Acceleration for Walmart) for the award.

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Spend Matters Future 5 2023 – Why we chose Calculum

Spend Matters

Spend Matters is delighted to announce the 2023 roster for our ‘Future 5’ list. For the fifth year in a row, our analysts have highlighted five start-ups that excite them the most. This year, the five companies that have proven themselves as potential future trend setters are akirolabs, Calculum, dSilo, Mithra and ORO Labs. To warrant such attention, these vendors must have a product that is ideally 2 to 5 years old, is used by more than five customers and displays an innovative appl

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Tootsie Roll wrestles with higher ingredient, material costs in 2023

Supply Chain Dive

The candymaker’s cost of sales has increased more than 16% so far this year as limited supply and elevated demand push up commodity prices.

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Global Companies Plan More Regional Approaches to Manufacturing, Selling

SCMR (Supply Chain Management Review)

A new report from Accenture finds that the number of companies nearshoring product manufacturing will double in three years time.

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Truckload Demand Was Positive YoY for the First Time in Nine Months, Study Finds

Supply Chain Brain

LTL tonnage and shipment count are expected to maintain reduced overall levels through the end of 2023 and into 2024 following the shutdown of Yellow Corp.

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10 Inventory Control Techniques That Are Evergreen

SCMDOJO

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. With effective inventory control templates, you can maintain an accurate record of your products, including their quantities, dimensions, location, and weight. The primary goal of inventory control is to reduce the costs associated with holding stock.

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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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Spend Matters Future 5 2023 – Introducing Calculum

Spend Matters

The procurement technology market is evolving rapidly and deploying the latest power that innovation can bring to support the changing and challenging needs of its customers. In an ever-crowded space it’s hard for those who rely on these platforms and systems to keep ahead of the latest developments. For that reason, Spend Matters analysts make it their mission to scour the market to find those new solution providers that can fulfil a very specialist role to fulfill the procurement needs of toda

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Russia Expected to Lift Fuel Export Ban Soon

Supply Chain Brain

The Deputy Prime Minister said the country will continue its voluntary cut of 300,000 barrels per day of crude oil and petroleum products until the end of December 2023.

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J.B. Hunt, BNSF Launch Intermodal Service Offering

SCMR (Supply Chain Management Review)

J.B. Hunt and BNSF have launched a new intermodal service to address the service-sensitive highway freight needs of customer supply chains.

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Podcast | On the Journey Toward Supply Chain Digitization

Supply Chain Brain

Setting out on the journey to digitize your supply chain? It’s a long and winding road.

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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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Georgia Ports Authority cargo volumes fell 8% in September

Supply Chain Dive

Despite the volume decline, the port said it saw its busiest September ever, outside of the pandemic-related spike.

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Are you chasing solutions or solving problems? (Part 2 of 3)

Procurement Insights

The Fork In The Road – When we were initially engaged, the client was looking to address the above challenges by implementing a technology solution. But ask yourself this question: how would using technology to improve performance within the procurement department address the above challenges? It wouldn’t – which is why – without understanding internal and external stakeholder (agent) people and processes “leading with technology,” no matter how amazing it is, it will nev

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CarParts.com preps for larger, more efficient Las Vegas warehouse

Supply Chain Dive

The building, slated to open in Q2 of 2024, will carry between 80% to 90% of the e-commerce company's assortment.

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How the Recording Academy is transforming the member experience with IBM Consulting and Salesforce

IBM Supply Chain Blog

The GRAMMY Awards® show draws millions of viewers from around the world, eager to witness the live performances, see the outrageous outfits, and partake in a global celebration of the music industry’s highest achievers. It’s a major production. Which is why the Recording Academy®, which hosts the GRAMMYs®, calls it “Music’s Biggest Night® ” But it’s still only one night.

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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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Hyundai’s EV manufacturing campus draws 3 more suppliers to Georgia

Supply Chain Dive

The latest auto parts manufacturing investments bring the Peach State an estimated $2.5 billion.

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Overcoming Price Pushbacks: Negotiation Techniques for Premium B2B Offers

Negotiations Ninja

Overcoming price objections is an intricate and delicate skill, but it is one of the most crucial skills anyone in a B2B sales needs. Effective negotiation techniques for B2B sales require a certain level of knowledge and finesse to navigate properly.

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Procurement 6 – November 10th, 2023

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 – November 10th, 2023 appeared first on Art of Procurement.

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373: Going Beyond Visibility – Culture and Digitization

Let's Talk Supply Chain

 Last week on episode three of our WiseTech Global mini-series, we tackled one of supply chains most difficult, yet most important, topics – risk. One of the many lessons that the pandemic taught us was the importance of ensuring that robust risk management is incorporated into our supply chain strategies. But, in the current landscape of market disruption and digital transformation, do we even know what the risks are?

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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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AI-Empowered Procurement – Part 1: Survival of the Fittest: Entering the Procurement Metaverse

Art of Procurement

In this four-part special series, host Philip Ideson speaks with members of the LavenirAI team about the current and future. The post AI-Empowered Procurement – Part 1: Survival of the Fittest: Entering the Procurement Metaverse appeared first on Art of Procurement.

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Making What We Buy Sustainable Is Just The Start

Positive Purchasing

A Wider Horizon You will be familiar with the idea of optimizing what you buy. You may already be challenging what the business is specifying and have questioned the ‘needs’ versus ‘wants’ within each buying decision. Now, with the need to move beyond price and security of supply to sustainable and ethical sourcing, procurement must become a more strategic and proactive function.

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Transforming small farming with open-source, AI-powered connected edge solutions

IBM Supply Chain Blog

Smallholder farmers, often owning five hectares of land or less, play a critical role in global food security—with approximately 570 million of them producing up to one-third of the food consumed worldwide. However, they face numerous challenges, including limited access to modern technology and the increasing impacts of climate change. Edge computing is helping to revolutionize agriculture, and the Linux Foundation is at the forefront of this transformation.

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Procurement Bill 2023 becomes Procurement Act 2023 after receiving Royal Assent

Barkers Procurement

The Procurement Bill 2023, a government bill to reform public procurement, has received Royal Assent, completing the bill’s journey through parliament. The bill, which first entered the House of Lords in May 2022, received Royal Assent on 26 October 2023. Before it can become law, a bill must complete several parliamentary stages in both the House of Commons and the House of Lords.

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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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Five scalability pitfalls to avoid with your Kafka application

IBM Supply Chain Blog

Apache Kafka is a high-performance, highly scalable event streaming platform. To unlock Kafka’s full potential, you need to carefully consider the design of your application. It’s all too easy to write Kafka applications that perform poorly or eventually hit a scalability brick wall. Since 2015, IBM has provided the IBM Event Streams service, which is a fully-managed Apache Kafka service running on IBM Cloud® Since then, the service has helped many customers, as well as teams wi

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Implementing FHIR and HL7 with IBM® App Connect and IBM Cloud Pak® for Integration

IBM Supply Chain Blog

Fast Healthcare Interoperability Resource (FHIR) is a standard that describes data elements and formats. It includes an application programming interface (API) for exchanging electronic health records (EHRs) and electronic medical records (EMRs). Created by HL7 International, FHIR helps to deliver a view of health history for patients who see multiple providers in different health plans by compiling all information into a single personal health record that integrates data from different formats.

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