Wed.Nov 15, 2023

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ERP Digitization: MRO as a Business Driver

Supply Chain Brain

The state of the economy and the mounting push to digitize supply chain processes are driving a creative approach to maintaining the integrity of your company's item master.

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AI in Procurement and ‘Autogmentation’ Part 4 — Procurement use cases of AI and Generative AI

Spend Matters

In This content is for members only. Visit the site and log in/register to read. The post AI in Procurement and ‘Autogmentation’ Part 4 — Procurement use cases of AI and Generative AI appeared first on Spend Matters.

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Watch: Managing the Yard: Why a YMS?

Supply Chain Brain

With all the focus on warehouse management systems, facilities might be neglecting the importance of managing the yard as well, says Colin Mansfield, vice president of Yard Management Solutions.

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Zip Forward 2023: Recap of first annual Zip User Conference

Spend Matters

On November 8, Zip hosted its first annual Zip Forward User Conference in San Francisco, California. At the event, the provider revealed several new solution features, including a relatively robust sourcing module. Zip also hosted panels and facilitated keynotes and Q&A sessions with various procurement and finance leaders from notable customers, such as Snowflake, OpenAI, Discover and Northwestern Mutual.

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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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Robots to Outnumber People at UPS’s Massive New Warehouse

Supply Chain Brain

The package-handling giant plans to fill the $79 million facility with more than 3,000 robots by 2024 to handle tasks like lifting, reducing the need for manual labor.

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Watsonx: a game changer for embedding generative AI into commercial solutions

IBM Supply Chain Blog

IBM watsonx is changing the game for enterprises of all shapes and sizes, making it easy for them to embed generative AI into their operations. This week, the CEO of WellnessWits, an IBM Business Partner, announced they embed watsonx in their app to help patients ask questions about chronic disease and more easily schedule appointments with physicians.

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Kearney Experts Publish Supply Chain Operations book

SCMR (Supply Chain Management Review)

A new book, Strong Supply Chains Through Resilient Operations, from the consultants at Kearney offers real-world examples and insight on how to build resilient supply chain operations.

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DOE Invests Another $3.5B in U.S. Battery Industry

Supply Chain Brain

The DOE is looking to strengthen the U.S.’s battery supply chain because the estimated demand for lithium is expected to increase tenfold by 2030.

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Amazon unveils heavy-lifting warehouse robot Titan

Supply Chain Dive

A fulfillment center in San Antonio is the first to use the technology in its operations to carry larger and bulkier items.

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Transfix Launches RFP Manager Tool

Supply Chain Brain

Transfix said that this new feature will allow companies to manage an RFP in just minutes rather than in hours.

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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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Under Armour ‘really excited’ about progress on inventory

Supply Chain Dive

Growth in stock levels has shrunk considerably as the sportswear brand sells through pack-and-hold products and funnels excess stock to its outlet stores.

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Russian Roulette: The High-Stakes Game of U.S. and EU Sanctions on Russia

Supply Chain Brain

While economic sanctions aim to pressure targeted countries, it's critical to scrutinize their reciprocal impact on the enforcing countries' economies.

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UPS unveils Supply Chain Symphony platform in push for greater shipper visibility

Supply Chain Dive

The offering allows customers to access previously standalone data from the company's different services in one place.

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When Does A Five Cent Part Cost You A Million

Procurement Insights

Based on my research – including feedback from practitioners, here are the three main challenges manufacturers face today : Data Accuracy regarding evolving PO information and final reconciliation, including the negative impact on supplier relationships, e.g., DPOs/DSOs. Overcoming Supplier Resistance to Adoption – forcing the supplier to adopt a different system, e.g., focusing on “supplier adoptability” versus “supplier adaptability.” Strategic Provider Partnering

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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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Flexport to open fulfillment center in New Jersey

Supply Chain Dive

The Phillipsburg site adds to the company’s existing large-scale warehouse operations in Atlanta and Los Angeles.

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Retailers Left with Excess Inventory Ahead of Holiday Season, Analysts Say

Supply Chain Brain

Two-thirds of the 30 retailers analyzed had inventory turnover rates below their peers, which indicates excess stock and/or slow sales.

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BP and JLL: Reimagining Real Estate and Facilities Management Outsourcing

Vested Way

Since its inception in 1908 the bp story has always been about transitions. bp’s purpose is reimagining energy with a big hairy audacious goal to help the world reach net zero emissions by 2050 and improve people’s lives. bp plans to get there by dramatically reducing carbon in bp’s operations and production facilities and by growing new low-carbon businesses, products and services.

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How to Optimise a Small Procurement Department

Barkers Procurement

There are several different reasons why you might wish to optimise your procurement department. Your business or organisation could be entering a new growth phase or a growth strategy phase. You might be developing a new product or breaking into a new market. Then there are more straightforward business reasons such as the need to control costs and increase profitability.

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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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375 – Blended: ‘Did They Just Say That?’ The Truth About Microaggression

Let's Talk Supply Chain

 Welcome back to Blended! It’s episode 38, we are once again joined by a fresh new panel of inspirational professionals, and today, we’re talking about microaggression. It’s a term you’re sure to have heard. First used around 1970 by Harvard psychiatrist, Dr. Chester Pierce, it initially described the regular insults and dismissals he witnessed, from non-black people towards the black community.

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AI-Empowered Procurement – Part 3: Solving Procurement’s Data Problems with Automation

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 3: Solving Procurement’s Data Problems with Automation appeared first on Art of Procurement.

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Technology Round-Up — November 15, 2023

CPO Rising

CPO Rising’s Technology Round-Up Series returns today with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend management solution provider and you are continually innovating the way that procurement and supply chain leaders and practitioners drive value, we’d love to hear from you.

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Walgreens Wants Stores to Double as Fulfillment Centers

Supply Chain Brain

Walgreens said that its new initiative will make the management of online orders more efficient by creating a single system for handling goods.

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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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Istanbul Airport to Offer Cargo Community System

Supply Chain Brain

The system will enable operators, companies, airlines and other agencies to access all types of cargo-related information on a single platform.

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