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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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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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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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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Adapt or Perish: Safeguarding Your Fleet in an Era of Logistics Evolution

Speaker: Jeff Dickinson - Host of “The Storytelling Chronicles: Life, Lessons & Logistics with The Bodacious Cowboy" Podcast, President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,

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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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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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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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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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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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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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Strategic Cost Management Approaches to Unlock Growth and Increase Profitability

How can businesses gain a competitive edge in an era marked by relentless competition and economic fluctuations? The secret is mastering strategic cost management strategies. This GEP bulletin, "Strategic Cost Management Approaches to Unlock Growth and Increase Profitability," breaks this down into clear, actionable steps. Discover how these strategies can boost your enterprise's financial health, helping not only to keep up but to excel in today's market.

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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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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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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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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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The Art of Consistent Perfect Order Delivery: Smart Order Fulfillment Through Orchestration

Shippers and logistics service providers are pressured to match the “Amazon effect” for fast and efficient service across multiple B2C, B2B, and D2C channels. Perfect order delivery - on-time and in-full at the lowest possible cost – is critical. However, recent surveys of supply chain stakeholders reveal that many don't have the technology necessary to achieve it.

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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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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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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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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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Five Best Practices for Balancing Costs, Risks, and Sustainability

In the face of volatile macroeconomic conditions and other complex challenges, supply chain and procurement pros must strike a tough balance between seemingly contradictory demands: boosting performance and sustaining and extending business operations, all while meeting customers’ needs. This GEP paper provides impactful tips on how to develop a strategic procurement approach that focuses on collaboration, innovation, and sustainability.

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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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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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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr