Thu.Feb 15, 2024

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Three Critical Steps Toward Mastering Total Inventory Optimization in 2024

Supply Chain Brain

Just months after snarled supply chains led to widespread inventory shortages, the proverbial pendulum has decidedly shifted to the other side.

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Mastering Warehouse Labeling for Clear Inventory Control

Finale Inventory

Warehouse labeling can seem like a tedious aspect of inventory control, but it can have a huge impact on your warehouse operations. It’s the difference between hunting for an item and wondering if it’s even the right product when you do find it, or knowing you have the right item in hand within seconds. This is what separates your business from frustrating delays and agitating customers to timely deliveries and raving reviews–and is what the right labeling setup can help facilitate S

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Staff Shortages Remain Top Challenge for Supply Chain in 2024

Supply Chain Brain

Respondents expressed optimism in the economy, and more than 50% say they’ve seen a “greater focus and understanding of supply chains” from those in the C-Suite.

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Composing the Ideal Supply Chain Symphony

SCMR (Supply Chain Management Review)

With all the technology, labor issues and innovation taking place in supply chain, making it all work together is akin to a large-scale musical production.

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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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Killer App: The UK Post Office Scandal

Art of Procurement

In today’s digital age, jokes are often made at technology’s expense. I have multiple calls each week where someone apologizes. The post Killer App: The UK Post Office Scandal appeared first on Art of Procurement.

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Warehouse rents poised to keep climbing after record 2023

Supply Chain Dive

Lease rates jumped more than 20% to reach $9.72 per square foot last year, according to data from Colliers.

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More Trending

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Accenture to acquire procurement consultancy Insight Sourcing

Supply Chain Dive

The consulting giant sees an opportunity to help private equity firms tackle management of spend, cost and suppliers across their portfolios.

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Maersk: Red Sea Diversions Could Extend into Second Half of 2024

Supply Chain Brain

Maersk said that it has added about 6% more vessel capacity to its schedule to keep the flow of trade moving, further adding to the company’s operational costs.

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CPKC, Bison Transport ink intermodal services agreement

Supply Chain Dive

The deal is among several partnerships between segment players to capitalize on growing cross-border shipping traffic.

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Practicing Green Logistics in Supply Chain Management

Supply Chain Brain

The push for supply chain sustainability comes with many built-in benefits, including lower costs, increased efficiency and stronger customer loyalty.

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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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Walmart lands further FedEx Ground discounts for third-party sellers

Supply Chain Dive

The lower rates through Ship with Walmart come in a soft demand environment where carriers are more amenable to reduced rates.

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6 Ways to elevate the Salesforce experience for your users

IBM Supply Chain Blog

Customers and partners that interact with your business, as well as the employees who engage them, all expect a modern, digital experience. According to the Salesforce Report, nearly 90% Of buyers say the experience a company provides matters as much as products or services. Whether using Experience Cloud, Sales Cloud, or Service Cloud, your Salesforce user experience should be seamless, personalized and hyper-relevant, reflecting all the right context behind every interaction.

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Cocoa supply issues could lead to smaller chocolate bar sizes: expert

Supply Chain Dive

Producers may experiment with new product formulations to avoid recent heavy price hikes on chocolates.

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How to achieve Kubernetes observability: Principles and best practices

IBM Supply Chain Blog

Kubernetes (K8s) containers and environments are the leading approach to packaging, deploying and managing containerized applications at scale. The dynamic, open-source , microservices-based configuration of Kubernetes can be a great fit for businesses that are looking to maximize infrastructure agility. However, the distributed flexibility that makes Kubernetes appealing can also make implementing Kubernetes monitoring and observability practices challenging.

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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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Rite Aid to lay off employees as it transitions California warehouse operations

Supply Chain Dive

The drugstore chain will close its Woodland distribution center and shift work to its facility in Lancaster, the company told Supply Chain Dive.

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The start of the “real” talent war in procurement

Procurement Insights

I remember when a restaurant buffet had one – maybe two stations offering a variety of a maximum of 10 to 15 dishes. At the time, I remember thinking, wow, what a selection. How will I choose what to eat? Inevitably, I would take a small sampling of each, and after trying them at the table, if I went back for seconds, I would select my one or two favorites.

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Retail technology and frontline workers: Delivering unforgettable customer experiences

IBM Supply Chain Blog

The retail industry employs millions of people, and next-generation retail employees will be significantly impacted by the rise of generative AI. I’m a firm believer that exceptional brick-and-mortar retail, no matter the product category, stands on three essential pillars for success: Proud, well-trained, engaged team members with clear career paths A brand deeply rooted in strong cultural values A backbone of superior technology Missing any of these elements?

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Log-hub Update Includes 3D Maps for Supply Chain Visualization

Supply Chain Brain

Log-hub said that its 3D maps offering will provide users with increased efficiency and more strategic insights into how companies navigate global supply chain networks.

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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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Climate change examples

IBM Supply Chain Blog

What do global climate change and global warming look like? Surface temperature statistics paint a compelling picture of the changing climate: 2023, according to the European Union climate monitor Copernicus, was the warmest year on record—nearly 1.5 degrees Celsius warmer than pre-industrial levels. To gain a holistic understanding of the current climate crisis and future climate implications, however, it’s important to look beyond global average temperature records.

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January retail sales begin 2024 with mixed readings

SCMR (Supply Chain Management Review)

Commerce reported that January retail sales, at $700.3 billion, were off 0.8% compared to December and up 0.6% compared to January 2023. NRF reported that January’s core retail sales, which it bases on Census data and excludes automobile dealers, gasoline stations, and restaurants, fell 0.8%, from December to January, while increasing 2.8% annually.

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How Kubota is changing the status quo in agriculture and sustainability with technology

IBM Supply Chain Blog

Kubota, a Japanese-based services and technology provider within the agriculture, water and environmental industries, has a keen focus on innovation and sustainability. A few years ago, Kubota aimed to tackle operational efficiency challenges, water and sewage systems maintenance issues, and staff shortages that many local companies faced. Simultaneously, it attempted to commit to its zero carbon city declaration, which aims to virtually eliminate carbon dioxide emissions by 2050.

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Procurement 6 – February 16th, 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 – February 16th, 2024 appeared first on Art of Procurement.

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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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China-U.S. Average Container Leasing Rates Up Threefold Since November

Supply Chain Brain

An industry expert from a Californian freight forwarding company said they anticipate organizations will have to deal with equipment shortages due to vessels being rerouted away from the Red Sea.

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Global Supply Chain Management: Best Practices and Trends

HICX

As an increasing number of organizations engage with vendors on a global level to fulfill their supply chains, the need for supply chain robustness has never been so critical. It ensures businesses can maintain performance and avoid potential disruptions as and when they occur, resulting in securing their reputations and avoiding losses in revenue. This has been acutely highlighted since the turn of the decade due to global events.

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Podcast | Can Mexico Live Up to Its Potential as a Nearshoring Hub?

Supply Chain Brain

As manufacturers look to shift production to North American, Mexico appears to hold all the cards. But is there a joker or two in the deck?

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How IBM is using Real User Monitoring and DNS to deliver premium Global Server Load Balancing for business-critical applications 

IBM Supply Chain Blog

Global Server Load Balancing (GSLB) isn’t for everyone. If your business operates at a local or regional level, regular load balancing will probably meet your needs. Yet, for some larger enterprises or businesses with a worldwide user footprint, GSLB is an essential service. Having a “load balancer for load balancers” keeps your traffic distributed in an efficient way and ensures the performance that your customers expect from an internet-enabled application.

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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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General Motors, Panasonic Sign Investment Deals with Canadian Graphite Producer

Supply Chain Brain

GM and Panasonic have each committed to purchase 18,000 metric tons of active anode material annually over a period of six to seven years, Nouveau Monde Graphite said.

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AP automation solutions: Streamlining accounts payable for efficient operations

Fraxion

For companies of all sizes, it's crucial to ensure that your financial operations run smoothly for sustained growth and a competitive edge. Efficiently handling accounts payable (AP) is essential for financial accuracy, timely payments, steady cash flow, and positive vendor relationships. However, the traditional ways of handling accounts payable often lead to inefficiencies and errors.

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Oil Demand Growth Slowing as Non-OPEC Supply Increases

Supply Chain Brain

The IEA said that it anticipates oil demand will peak by 2030 as the world attempts to transition to cleaner energy sources. OPEC says it will peak after 2044.

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NEW WEBINAR — How CPOs Can Unlock Financial Value with a Tech-Forward Approach

CPO Rising

Join Ardent Partners and GEP on February 29th (2 PM ET) for a webcast on How CPOs Can Unlock Financial Value with a Tech-Forward Approach.

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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.