September, 2023

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Spend Matters: Uniting manufacturing CFOs and procurement for margin expansion

Arkestro

As the economy teeters between a so-called ‘soft landing’ and all-out recession, an emerging consensus across C-suites has taken shape: the time to cut costs is now. Once again, all eyes are on procurement. A recent study from CreditSafe showed an eye-popping 95% of North American manufacturers plan to push for cost reductions with their suppliers in the next six to twelve months.

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Nerves of U.S. Steel

Art of Procurement

“You can’t unscramble eggs.” – J.P. Morgan U.S. Steel was formed in 1901 when J.P. Morgan financed the merger of. The post Nerves of U.S. Steel appeared first on Art of Procurement.

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The power of supplier diversity in procurement: Driving business success through inclusion — Part 1 (Definition and Importance)

Spend Matters

In today’s diverse society, businesses have a crucial role to play in fostering equality and inclusion. However, the business world often needs to improve to reflect the true diversity of society, both within companies and in their supply chains. To bridge this gap, organizations are increasingly embracing the concept of supplier diversity in their procurement processes.

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Niger Coup Heightens Worries Over France’s Uranium Reliance

All Things Supply Chain

In the Sahel region of Africa, political instability and corruption has run rife since decolonisation from European nations. Arbitrary borders were drawn without the consideration of who they will affect.

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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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What is ABC Classification? How to Calculate ABC Classification

SCMDOJO

Unlock efficient inventory management with ABC classification. Learn the steps, benefits, and use SCMDOJO's tool for quick analysis.

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U.S. to Spend $1.4B on Railroad Infrastructure

Supply Chain Brain

Freight rail infrastructure has come under scrutiny recently amid derailments, accidents involving hazardous materials, and blocked crossings.

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Getting a Kiss From a World Class Supply Chain

Art of Procurement

Founded in 1894 by Milton Hershey, The Hershey Company has seen their share of ups and downs. Not only have. The post Getting a Kiss From a World Class Supply Chain appeared first on Art of Procurement.

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Mainframe and the cloud? It’s easy with open source

IBM Supply Chain Blog

This is part four in a five-part series on mainframe modernization. The secret to mainstreaming the mainframe into today’s modern, cloud-centric IT environments is to make the experience of working with the mainframe like the experience of working off the mainframe—especially the developer experience (DX). Historically, working on the mainframe was an entirely different experience from the distributed world.

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Supply Chain Weekly Wrap-Up 09/01/2023-09/07/2023

All Things Supply Chain

First American Uranium Reports on New Mexico’s Past Uranium Mining First American Uranium is highlighting the historical uranium production in New Mexico, particularly in the Grants district, where the company’s…

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The power of diversity in procurement: Driving business success through inclusion — Part 3 (Technology)

Spend Matters

In today’s diverse society, businesses have a crucial role to play in fostering equality and inclusion. However, the business world often needs to improve to reflect the true diversity of society, both within companies and in their supply chains. To bridge this gap, organizations are increasingly embracing the concept of supplier diversity in their procurement processes.

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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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Strategic Responses to Supply Chain Trends

Supply Chain Brain

Companies are always going to face the unexpected and unpredictable. The hard part is knowing how to prepare for these supply chain trends strategically.

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FedEx testing AI-powered, trailer-loading robots

Supply Chain Dive

The collaboration with Dexterity AI aims to help the delivery giant more efficiently load the wide variety of shipments it handles.

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3 Misconceptions Holding Back Supply Chain Planning Technology Initiatives

SCMR (Supply Chain Management Review)

By identifying friction points and eliminating them so that planners do not perceive new tools as a risk to their job performance, leaders will develop trust among their teams that will lead to greater adoption.

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Generative AI: Meet your partner in customer service

IBM Supply Chain Blog

Brands that deliver an excellent customer experience (CX) will always be more resilient than those that don’t. Giving our customers personalized support at every stage of their journey is proven to earn their longtime loyalty—and keep them from switching to a competitor. The challenge, however, is that many teams operate in siloes that inhibit them from applying their customer insights in meaningful ways.

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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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Supply Chain Weekly Wrap-Up 09/15/2023-09/21/2023

All Things Supply Chain

Amazon and Maersk renew biofuel partnership The demand for sustainable ocean transportation services is growing, with a wide range of industries, including fashion, retail, automotive, and more, seeking eco-friendly shipping…

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Where AI Actually Matters in the Supply Chain

The Network Effect

AI is big in supply chain management, but there are places it is ideally suited to, and other areas that are highly problematic. Ranjit Notani explains.

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China State Media Declares Huawei Phone a Victory in U.S. Tech War

Supply Chain Brain

Speculation swirled that the device achieved 5G capabilities, which would make it the first such handset since the Shenzhen-based electronics firm lost access to advanced chipmaking technologies in 2020.

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Only 38% of businesses are tracking Scope 3 emissions: IBM report

Supply Chain Dive

Greenhouse gases used in supply chains represent the largest source of most industries’ carbon footprint, but many firms are just beginning to account for them.

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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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Reliable Middle Mile for the Unreliable World

SCMR (Supply Chain Management Review)

Transportation planning for the furniture and home goods industry presents a complex puzzle, and traditional planning methods often fail to account for the inherent randomness and variation in real-world operations.

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Data is essential: Building an effective generative AI marketing strategy

IBM Supply Chain Blog

Generative AI is powering a new world of creative, customized communications, allowing marketing teams to deliver greater personalization at scale and meet today’s high customer expectations. The potential of this powerful new tool spans the entire end-to-end marketing process, from internal communications and productivity to customer-facing channels and product support.

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Supply Chain Weekly Wrap-Up 09/08/2023-09/14/2023

All Things Supply Chain

Tesla reinvents carmaking with breakthrough Tesla is reportedly on the verge of a game-changing development in electric vehicle (EV) manufacturing.

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The Market Speaks: Procurement practitioner requirements and the tech vendor response — SAP

Spend Matters

Spend Matters constantly updates its understanding of the state of the procurement tech market via RFIs for our SolutionMap dataset, vendor interviews, global event attendance and product demos with the aim of keeping tech-selection decision makers ahead of market trends. But we also endeavor to grow our understanding of the wants and needs of the customers using that tech – the practitioners.

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How to Create a Blueprint for Fleet Resilience

Speaker: Jeff Dickinson - 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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Lego Abandons Effort to Make Bricks From Recycled Plastic Bottles

Supply Chain Brain

The project to make bricks from recycled drinks bottles instead of oil-based plastic would actually have led to higher carbon emissions over the product’s lifetime, Lego said.

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Dollar General braces for $95M profit hit as it clears inventory

Supply Chain Dive

While it works to reduce stock levels, the discounter is also investing in new planning tools to help manage flows at stores and distribution centers.

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A Manufacturing Supercycle Has Begun

SCMR (Supply Chain Management Review)

Thanks to a trio of bills passed in the past few years, investment in U.S. manufacturing is at all-time highs, and that means the economy could be poised to take off again.

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IBM TechXchange underscores the importance of AI skilling and partner innovation

IBM Supply Chain Blog

Generative AI and large language models are poised to impact how we all access and use information. But as organizations race to adopt these new technologies for business, it requires a global ecosystem of partners with industry expertise to identify the right enterprise use-cases for AI and the technical skills to implement the technology. During TechXchange , IBM’s premier technical learning event in Las Vegas last week, IBM Partner Plus members including our Strategic Partners, reseller

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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

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Supply Chain Weekly Wrap-Up 08/25/2023-08/31/2023

All Things Supply Chain

Shell to Shelve Plan to Shrink Its Carbon Footprint Shell Plc’s Chief Executive Officer, Wael Sawan, has terminated the company’s ambitious carbon offsets program, a plan to develop environmental projects…

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The power of supplier diversity in procurement: Driving business success through inclusion — Part 2 (ROI)

Spend Matters

In today’s diverse society, businesses have a crucial role to play in fostering equality and inclusion. However, the business world often needs to improve to reflect the true diversity of society, both within companies and in their supply chains. To bridge this gap, organizations are increasingly embracing the concept of supplier diversity in their procurement processes.

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The Supply Chain Has a New Paradigm

Supply Chain Brain

Now volatility is end to end, and supply chain planning extends beyond order fulfillment to sustainability and resiliency. The good news: They’ve updated the operator’s manual.

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5 strategies for weathering changes in the supply chain

Supply Chain Dive

Whether it's due to natural disasters, geopolitical tensions, economic downturns, or unforeseen events, companies need to be prepared to withstand changes in the supply chain to maintain their operations and serve their customers.

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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.