February, 2024

article thumbnail

14 Reasons Why Procurement Shouldn’t be in Charge of Valentines Day

Procurement Templates

Happy Valentines day, here is some procurement satire for February the 14th! Lack of Emotional Sensitivity: Procurement departments are typically focused on logistics, cost-effectiveness, and efficiency, which may not align with the emotional nuances and sentimentality of Valentine’s Day. Limited Creativity: Procurement professionals are trained to streamline processes and optimize resources, but they may lack the creativity needed to plan and execute romantic gestures and surprises effect

article thumbnail

Supply Chain Predictions for 2024

All Things Supply Chain

2023 was a whirlwind year for the supply chain industry.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How 3D Printing Will Change Supply Chains and Improve Sustainability

Supply Chain Brain

As the technology has advanced and become more available, 3D printing is expected to become an integral part of many industries’ operations and could ultimately help companies achieve sustainability goals.

article thumbnail

What’s behind UPS losing volume from top customers?

Supply Chain Dive

Amazon making more deliveries in house, shifts to other carriers and buy online, pick up in store initiatives contributed to the company's Q4 volume decline.

141
141
article thumbnail

How To Align Product Management And Supply Chain Operations For Successful Product Launches

Speaker: Shalini Dinesh

Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022). The 2023 Supply Chain Insights Report highlights that 60% of supply chain disruptions are caused by poor communication and misalignment among cross-functional teams.

article thumbnail

Generative AI use cases for the enterprise

IBM Supply Chain Blog

Remember how cool it felt when you first held a smartphone in your hand? The compact design and touch-based interactivity seemed like a leap into the future. Before long, smartphones became a way of life for organizations worldwide because of all they offer for business productivity and communication. Generative AI ( artificial intelligence ) promises a similar leap in productivity and the emergence of new modes of working and creating.

Data 118
article thumbnail

Foxconn’s Tijuana Manufacturing Operation Shows the Nearshoring Possibilities

SCMR (Supply Chain Management Review)

Reshoring Institute Executive Director Rosemary Coates got a first-hand look at Foxconn’s Tijuana manufacturing site and saw what is possible when companies invest in nearshoring.

108
108

More Trending

article thumbnail

Nicole Glenn on the Power of Hope and Transforming the Logistics Industry

Let's Talk Supply Chain

2024 is coming at us fast and the supply chain is front-and-center when it comes to geopolitical tensions and wars plaguing the globe. Just this week, retail brands called for safe travel on the Red Sea amidst growing rates and delays and regional fighting that has cost over $80B in inventory. Yes, don’t forget the pirates. Just as piracy has eased up on other shores along Somalia, it’s on the rise again there and elsewhere.

article thumbnail

The Rise of the Reshoring Movement in the U.S.

Supply Chain Brain

Remnants of a COVID-disrupted supply chain, economic choppiness, and pressure to lower prices have backed manufacturers up against a wall, and forced them to reconsider their approach to offshoring production.

Price 126
article thumbnail

FedEx’s new digital platform aims ‘to be relevant in the multi-carrier world’

Supply Chain Dive

A FedEx executive addresses if fdx will be able to work with other delivery providers and integrate with e-commerce giants like Amazon in an interview with Supply Chain Dive.

article thumbnail

Climate change predictions: Anticipating and adapting to a warming world

IBM Supply Chain Blog

In an era of accelerating climate change , predicting the near-future can yield major benefits. For instance, when utility officials are aware that a heat wave is on its way, they can plan energy procurement to prevent power outages. When farmers in drought-prone regions are able to predict which crops are susceptible to failure , they can deploy additional irrigation.

Risk 113
article thumbnail

How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.

article thumbnail

5G and Supply Chain Connectivity: Enhancing Logistics in the Digital Age

SCMR (Supply Chain Management Review)

Converting existing networks to 5G technology gives supply chains new opportunities to improve speed, accuracy and overall customer service.

article thumbnail

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

article thumbnail

Time to Return to Just-in-Time?

Art of Procurement

“Wisdom is given equally to everybody. The point is whether one can exercise it.” – Taiichi Ohno, The “Ten Precepts”. The post Time to Return to Just-in-Time? appeared first on Art of Procurement.

article thumbnail

How Supply Chain Organizations are Leveraging Data Analytics to Improve Risk Management

Supply Chain Brain

Supply chain organizations that prioritize safety and risk management through data analytics, telematics, and newer equipment position themselves as competitive leaders.

article thumbnail

The Evolution of Control Towers to Command Centers

Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Today’s volatile landscape requires inherent visibility across your entire value chain and the ability to orchestrate course corrections within a unified platform.

article thumbnail

Walmart hits supplier emissions goal 6 years early

Supply Chain Dive

The retailer’s vendors have already reported enough projects to fulfill Project Gigaton’s target of cutting 1 billion metric tons of greenhouse gases from its supply chain.

Suppliers 130
article thumbnail

Lessons from the Pandemic Supply Chain Chaos

Procurement Bulletin

GM Eyes More EV Investment in Quebec We’ve been covering extensively how Canada has been actively attracting investment in the surging EV production industry. GM is the latest automaker to invest $600M to build a battery factory in the province of Quebec and says it’s only the “tip of the iceberg” Lessons from the Pandemic Supply Chain Chaos The last couple of years has been a rollercoaster for supply chains around the world, here’s some lessons learned from the cha

article thumbnail

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.

article thumbnail

Beginner’s Blueprint: Barcoding Simplified

Finale Inventory

Inventory is the lifeblood of your business. If you’re a retail brand, wholesale distributor, or manufacturer, inventory is the core of your business. You buy inventory, bring it into your facility, and then hope to sell it for more than you paid to generate a profit. As your business grows, your catalog grows, your sales channels grow. As this happens, maintaining accuracy and efficiency becomes increasingly difficult.

article thumbnail

The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

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. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

article thumbnail

Case Dismissed: Byron Allen v. McDonald’s

Art of Procurement

In May of 2023, two of the companies owned by Byron Allen, a black businessman and producer, sued McDonald’s for. The post Case Dismissed: Byron Allen v. McDonald’s appeared first on Art of Procurement.

article thumbnail

The Evolving Last-Mile Delivery Trends and Expectations of 2024

Supply Chain Brain

Rising shipping costs, cumbersome processes and the growing demand for seamless service highlight the urgency for businesses to rethink their approach to last-mile delivery.

Demand 116
article thumbnail

UPS plans layoffs at facilities in California, Ohio and Pennsylvania

Supply Chain Dive

Two sortation shift cuts, along with the closure of a trailer shop, add to reductions the company is making in at least eight other states.

137
137
article thumbnail

Conversational AI use cases for enterprises

IBM Supply Chain Blog

Today, people don’t just prefer instant communication; they expect it. Conversational artificial intelligence (AI) leads the charge in breaking down barriers between businesses and their audiences. This class of AI-based tools, including chatbots and virtual assistants, enables seamless, human-like and personalized exchanges. Beyond the simplistic chat bubble of conversational AI lies a complex blend of technologies, with natural language processing (NLP) taking center stage.

Ethics 95
article thumbnail

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

article thumbnail

How to Create Real Retailer-Brand Loyalty

SCMR (Supply Chain Management Review)

Supply chain execution, from one end to the other, is the new competitive edge, and this applies whether you are the brand or whether you are the retailer. Working collaboratively is the glue that holds it together.

article thumbnail

Relief Coming to Shipping Disruptions

Procurement Bulletin

Relief Coming to Shipping Disruptions As the Houthi attacks in the Middle-East has caused massive disruptions for shipping from Asia and the surrounding region as well as skyrocketing shipping costs, relief is in sight. New shipping containers that were ordered 2-3 years ago are ready to come online and help relieve the disruptions caused by the attacks by the Houthi rebels.

article thumbnail

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.

article thumbnail

Three Benefits of Channel-Free Logistics

Supply Chain Brain

Channel-free logistics connects existing infrastructure to simplify the whole order-to-delivery process, encouraging circularity and sustainability, maximizing profits and streamlining operations overall.

Logistics 119
article thumbnail

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.

article thumbnail

As Macy’s and others close stores, TJX is picking up the supplier base

Supply Chain Dive

With big brand brick-and-mortar options dwindling, the off-brand retailer’s 21,000 vendors are increasingly looking to the company.

Suppliers 131
article thumbnail

4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. Why? Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives.

article thumbnail

Kodiak Hub: Vendor Analysis — SxM and Supplier Risk solution overview, competitors, user considerations, voice of the customer, analyst summary

Spend Matters

This Spend Matters Vendor Analysis gives an overview of Kodiak Hub, a supplier management solution that consolidates all supplier information and data into one view with a focus on performance and risk. There are many old, new and developing stories about risk and the disruptions impacting business continuity and operations. On top of these considerations, the regulatory/compliance landscape is also in constant flux.

Risk 93
article thumbnail

The India Advantage: 6 Reasons Why Supply Chains Are Leaving China

SCMR (Supply Chain Management Review)

A new survey found U.S. C-Suite executives are over three times more likely to choose India over China for their future supply chain needs.

article thumbnail

How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro