Thu.Jan 18, 2024

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How AI and Automation Are Poised to Revolutionize the Supply Chain Industry

Supply Chain Brain

In the last few years, the growing sophistication of artificial intelligence has brought unprecedented levels of precision, efficiency and innovation to supply chain management.

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Amanda Richterkraft on Building a Career in Logistics

Let's Talk Supply Chain

It’s a new year, and there are reasons to suggest that 2024 might be a departure from the fresh chaos that has hallmarked supply chain since the 2020’s started, or at least a de-escalation. Over the last few years, supply chain professionals have navigated an endless array of challenges. When managing logistics and supply chains, they’ve responded to global pandemic factory closures, volatile and spiking inflation, and geopolitical tensions including wars that have limited critical supplies—thin

Logistics 105
professionals

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AI Is Helping Protect Healthcare Supply Chains, Study Shows

Supply Chain Brain

Forty-four percent of healthcare organizations are using AI to improve customer experiences while another 35% use this technology to forecast consumer demands.

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Businesses remain worried about disruption amid geopolitical, sourcing risks: report

Supply Chain Dive

Embracing change can mean nearshoring, retooling distribution networks and paying suppliers more for materials, according to AlixPartners.

Risk 112
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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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Watch: Tracking Reusable Packaging Containers at Scale

Supply Chain Brain

A case study with Roambee Corp., about how the world's leading reusable packaging container (RPC) supplier managed to track hundreds of millions of units without having to tag each one separately.

Suppliers 105
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Unlocking the power of chatbots: Key benefits for businesses and customers

IBM Supply Chain Blog

Chatbots can help your customers and potential clients find or input information quickly by instantly responding to requests that use audio input, text input or a combination of both, eliminating the need for human intervention or manual research. Chatbots are everywhere, providing customer care support and assisting employees who use smart speakers at home, SMS, WhatsApp, Facebook Messenger, Slack and numerous other applications.

More Trending

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Supplier sues UNFI in chargeback spat

Supply Chain Dive

Omaha Industries alleges that the grocery distributor withheld over $250,000 from invoice payments to offload its own risk.

Suppliers 111
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Deep Freeze Forces U.S. LNG Exporters to Cancel, Delay Cargoes

Supply Chain Brain

The Cameron LNG export plant in Louisiana canceled at least one scheduled shipment while other deliveries from Cameron and Cheniere Energy’s Corpus Christi facility in Texas were also delayed

Export 98
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Delivery has a pollution problem. These cities are working to address it.

Supply Chain Dive

A new initiative will help cities test innovative startup and corporate solutions in a bid to curb ballooning emissions, primarily from trucks.

Bidding 102
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Congressional Committee Updated on Alaska Airlines Blowout Investigation

Supply Chain Brain

National Transportation Safety Board chair Jennifer Homendy and FAA administrator Mike Whitaker briefed members of the Senate Commerce Committee on their findings for about two hours January 17.

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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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Aldi turns to AI to strengthen freight management

Supply Chain Dive

The supermarket chain is implementing a technology platform to centralize its global shipping volume and increase visibility.

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U.K. Government Launches New Supply Chain Resilience Strategy

Supply Chain Brain

The strategy was launched by the Minister for Industry and Economic Security, Nusrat Ghani, during a visit to Heathrow Airport in London, the U.K.’s largest import hub.

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

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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Retailers Considering Airfreight, Inventory Boosts to Combat Red Sea Dangers

SCMR (Supply Chain Management Review)

As Houthi attacks continue in the Red Sea, retailers are scrambling to find alternative methods for moving their inventory, including exploring more air freight options and boosting inventory.

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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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Optionality: The Critical Supply Chain Imperative for 2024

The Network Effect

In a world of perpetual disruption, your organization will need optionality – multiple sourcing for key products, parts and raw materials.

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Red Sea crisis leaves some retailers more exposed than others

Supply Chain Dive

Hardline retailers such as Wayfair, Best Buy, Beyond Inc. and RH could be most affected, according to an analysis by Jefferies.

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Podcast | Who’s Really Paying for Tariffs on Imports of Chinese Goods?

Supply Chain Brain

Tariffs on Chinese-made imports are a response to that nation’s unfair trade practices. But who’s footing the bill?

Import 98
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A Case for a More Decision Centric IBP

Supply Chain Trend

Although Integrated Business Planning (IBP) is designed to make high-impact business decisions, little attention has been given to the quality of decisions in an IBP cycle. In my latest Foresight article, I argue that to continuously learn from and improve IBP decisions, decision processes ought to be integrated with the traditional IBP process and supported by Decision Intelligence technology that goes beyond existing transactional and planning technology.

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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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Preparing for the freight rate increases expected in 2024

SCMR (Supply Chain Management Review)

Don't Get Left Behind: Stay ahead of transportation market changes with our white paper.

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Experts Believe Cheap Generic Drugs Are Hurting the U.S. Supply Chain

Supply Chain Brain

Erin Fox, the associate chief pharmacy officer at the University of Utah, claimed that the most recent drug shortages in the U.S. are the “worst” in a decade.

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Procurement 6 – January 19th, 2024

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 – January 19th, 2024 appeared first on Art of Procurement.

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What can the great North American blackout of 2003 teach us about supply chain complexity, vulnerability, and resiliency

Procurement Insights

EDITOR’S NOTE: Here is my comment on a thought-provoking post in which I was tagged on LinkedIn by David Shillingford. Besides drawing parallels between Power Grids and Supply Chains, the post also provides the perfect and practical everyday-life understanding of the difference between agent-based and equation-based approaches to solving complex challenges.

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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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Catalog Management in Procurement: What Is It, Types of Catalogs, Challenges and Best Practices To Manage Them

Planergy

What's Planergy? Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Learn more We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy.

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Streamlining Success: Unveiling the Power of Order Management Software in Supply Chain Optimization

SCMDOJO

Globalization has sped up business growth and enhanced the need for management tasks. In the supply chain, order management and inventory management play significant roles in rapid growth. Business success requires efficiency and effectiveness in managing an increasing number of orders. It can be problematic and require practical solutions. In this scenario, the Order Management System enters, which is capable of handling all the stress of increasing order volume.

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Building a Twenty-First Century Supply Chain with Dr. Elouise Epstein

HICX

Table of Contents Supplier Experience Live 2023 What is wrong with our “modern” supply chains? The biggest problem with enterprise supply chains today What is the future of supply chain technology? Why should you care about the voice of your supplier How to win together with your suppliers using data Supplier Experience Live 2023 HICX’s inaugural Supplier Experience Live Conference was opened by Dr.