Mon.Nov 20, 2023

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Sustainable Procurement: Top Implementation Strategies

All Things Supply Chain

Sustainable procurement has become more and more critical for businesses that want to reduce their environmental impact and improve their sustainable practices.

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Is it Safe to use an Online Contract Management System?

ProcurePort

Online Contract Management Safety Overview: Strong security measures, like encryption and access controls, are important for keeping online contract management systems safe. To deal with risks like data breaches and unreliable vendors, we need to be proactive. This means following rules and giving safety training to users. Strategic Considerations for Enhanced Safety: Collaboration and integration […] The post Is it Safe to use an Online Contract Management System?

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Efficiency, Ethics, and Data Privacy in the AI Revolution

Supply Chain Brain

We've only just begun to scratch the surface of AI's transformative potential, and navigating this landscape requires collective wisdom and ethical vigilance.

Ethics 127
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Using AI to Detect Supply Chain Fraud

SCMR (Supply Chain Management Review)

Detecting and reducing supply chain fraud can be done using artificial intelligence and the existing supply chain systems and the familiar transactions that they produce.

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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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The ROI of Resilience: How to Be Lean, Global and Resilient at the Same Time

Supply Chain Brain

Re-shoring or near-shoring factories, “just-in-case” inventories, and qualifying alternative suppliers are among the most common ways that companies are building resilience. However, these strategies come with tremendous complexity and a heavy price tag.

Inventory 116
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UPS expanding childcare program to boost warehouse retention

Supply Chain Dive

The initiative at a California hub offers on-site day care in emergency situations, which will expand to more company facilities in 2024.

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More Trending

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NATO Members Seek to Reach Deal on Black Sea Mine-Sweeping Force

Supply Chain Brain

The mine-sweeping force wouldn’t be considered a NATO operation but would be the first major combined action of Black Sea allies since President Vladimir Putin ordered the war on Ukraine.

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Coupa on driving meaningful ESG impact

Spend Matters

The term ‘ESG’ can mean a lot of things to different stakeholders such as regulators, customers, investors, employees and functional leaders — including procurement. ‘Environment,’ ‘society’ and ‘governance’ can be such broad, overwhelming concepts that the details of what each goal means in terms of an organization’s strategy and process can get lost in translation.

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Watch: The Key to an Engaged Frontline Workforce

Supply Chain Brain

What exactly is an "engaged" frontline workforce in warehousing and logistics? And what is its impact on the business? Steven Klima, head of revenue enablement with WorkStep, offers a perspective.

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Business leaders highlight the need for a hybrid cloud approach to unlock the power of generative AI

IBM Supply Chain Blog

In 2023, organizations have faced an unprecedented level of pressure to digitally transform with the rise of generative AI as well as imperatives such as sustainability, labor productivity and security. The “ Cloud Transformation Report ,” a new global survey from the IBM Institute for Business Value (IBV), found that many leading enterprises share a common foundation to digital transformation—a clear hybrid cloud strategy.¹ These businesses cite several key benefits to us

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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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Generative AI Video: An Uncut, Unedited Webinar Sneak Peek with Bill Michels, Rob Handfield, (and Dr. Marcell Vollmer*)

Procurement Insights

With 900 plus radio interviews under my belt as a host, plus numerous television and webinar appearances, the only thing I have enjoyed more than the live broadcasts are the green room discussions before going live. While the live events are energized and engaging, the raw, uncut, and unedited discussions have a different feel that is not as formal and can be unpredictable.

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Schumer calls for USDA investigation into nationwide milk carton shortage

Supply Chain Dive

The New York senator is calling for help “to find packaging alternatives” and resolve the issue. Many point to Pactiv Evergreen as the source of the supply chain snarl, although no official cause has been confirmed.

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Retail Mobile App Testing in Preparation for Holiday Season

Supply Chain Brain

In the ever-evolving landscape of retail, mobile shopping has become the primary touch point for many customers.

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Exiger: Vendor Analysis — Supply (chain) risk management solution overview, competitors, tech selection tips, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis, we give an overview of Exiger, a solution built to reduce risks in supply chains. It offers a comprehensive risk assessment product encompassing various risk dimensions, such as ownership control, operational, financial health, ESG, cyber, reputational, criminal, regulatory and product risk within the supply chain.

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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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Europe's Auto Exports Boosted by EV Subsidies

Supply Chain Brain

German manufacturers exported around 2.6 million new passenger cars in the 10 months through October, up 22% year over year.

Export 98
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With lean inventory, Target ekes out more profit from lower sales

Supply Chain Dive

Trim stock levels and a faster supply chain helped the retailer chase faster-moving goods and keep replenishing them on its shelves.

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IBM Named a Leader in 2023 Gartner® Magic Quadrant™ for Access Management

IBM Supply Chain Blog

We are thrilled to share that IBM is named a Leader in the most recent Gartner® Magic Quadrant™ for Access Management. IBM is recognized for its Ability to Execute and Completeness of Vision. As a team, we’ve been working hard to deliver on a roadmap of identity and access management capabilities that we believe solve the biggest challenges organizations are facing when it comes to managing identities in today’s dispersed, hybrid cloud environments.

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Port of Los Angeles cargo volumes rise 7% in October

Supply Chain Dive

In recent months, San Pedro Bay ports have increased their U.S. market share of containerized imports from Asia.

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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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The key to building better resilience in pharmaceutical supply chains

HICX

By Costas Xyloyiannis, CEO of HICX While inflation and economic pressures are forcing pharmaceutical brands to watch their pennies, they will do well to not tackle cost efficiency as a solo issue. Brands will also need to focus on resilience in various areas of their incredibly complex supply chain. Chief among these concerns is compliance as stringent regulations must be followed.

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Corrugated box industry cuts a box’s greenhouse gas emissions in half

Supply Chain Dive

Corrugated boxes’ environmental impact substantially reduced, greenhouse gas emissions cut in half.

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Mastering Financials in Ecommerce: Control QuickBooks Online With Classes

Finale Inventory

Are you struggling to keep track of your business finances? You’re not alone. Many sellers excel in providing top-notch products and services but find financial management, especially detailed accounting, daunting. That’s where QuickBooks Online class tracking in Finale comes into play. This blog will explore how class tracking can simplify financial management for ecommerce businesses and how sellers can gain clarity and control over their diverse inventory.

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The people side of digital transformation: navigating change management

Skill Dynamics

Digital transformation is a necessary step in today’s business landscape and is becoming increasingly common as technology continues to evolve and be adopted by organizations. To ensure the introduction of new technology and processes can be successful, change management is crucial. Change management relies heavily on securing the buy-in of the people and teams directly and indirectly impacted by the introduction of new technologies.

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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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376: See The Future Of Your Supply Chain, with Optilogic

Let's Talk Supply Chain

  Today I’m joined by Optilogic , a forward-thinking supply chain software brand that is passionate about designing supply chains to thrive. Optilogic’s cloud-native supply chain design solution enables businesses to build digital models of future supply chains to evaluate trade-offs across cost, service, risk, and sustainability. Today Don Hicks, founder and CEO at Optilogic, joins me to talk all about Optilogic and what they do; taking a proactive approach to risk and resilience; answe

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Ryan Dunlap’s C4 Framework for Conflict Resolution

Negotiations Ninja

Ryan Dunlap is a conflict strategist. He helps leaders and teams improve how they show up in conflict. He has a background in law enforcement, hostage negotiation, crisis intervention, etc. He went into ministry for a long time before landing in executive leadership.

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What are the Core Responsibilities of Quality Control Inspectors in Procurement Workflows

Procurement Freelancers

Quality control (QC) is one of the most important facets of any sourcing or procurement…

Quality 72
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Poland Truck Protests Leave Ukrainian Drivers Stranded

Supply Chain Brain

Polish firms say the vast majority of trade has been taken by Ukrainians since the passes were abolished by Brussels.

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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: Suites vs. Specialists Part Two (Home Suite Home)

CPO Rising

In last week’s article, we kicked off our discussion on suites vs. specialist providers by discussing the primary considerations in setting an overall procurement technology strategy. Generally, it is not a matter of either/or, but rather, it’s finding the balance of what approach to take and in what situations.

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Integrating healthcare apps and data with FHIR + HL7

IBM Supply Chain Blog

Today’s healthcare providers use a wide variety of applications and data across a broad ecosystem of partners to manage their daily workflows. Integrating these applications and data is critical to their success, allowing them to deliver patient care efficiently and effectively. Despite modern data transformation and integration capabilities that made for faster and easier data exchange between applications, the healthcare industry has lagged behind because of the sensitivity and complexit

Data 93
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Israeli Vessel’s Capture Reignites Fears Over Mideast Shipping

Supply Chain Brain

While the impact of the Israel-Hamas war has been contained so far, markets have been wary that the fighting will draw in other nations in the region, particularly Iran.

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SSD vs. NVMe: What’s the difference?

IBM Supply Chain Blog

Recent technological advancements in data storage have prompted businesses and consumers to move away from traditional hard disk drives (HDDs) towards faster, lower-latency solid-state drive (SSD) technology. In this post, we’re going to look at this new technology, as well as the fastest and most popular protocol available to connect it to a computer’s motherboard— non-volatile memory express (NVMe).

Data 69
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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.