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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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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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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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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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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UPS gains critical exemption to operate drones beyond line of sight

Supply Chain Dive

A new ground-based surveillance system will allow UPS to fly Matternet M2 drones without a visual line of sight throughout the route, setting the stage for increased delivery activity.

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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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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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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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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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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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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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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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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 09/08/2023-09/14/2023

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 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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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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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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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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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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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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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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Procurement Synonyms: All The Words You Need to Know in 2023

SCMDOJO

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. In this comprehensive guide for 2023, we’ve compiled a list of essential procurement synonyms, shedding light on the subtle distinctions that set each term apart.

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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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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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Exploring the Advantages and Hurdles of Direct Store Deliveries

Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027. Download this eBook for exclusive insights into direct store deliveries, challenges, benefits, and future trends.

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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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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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Generative AI as a catalyst for change in the telecommunications industry

IBM Supply Chain Blog

Generative artificial intelligence (AI) burst into the mainstream in 2023, lighting a fire under businesses to integrate enterprise-grade versions into their processes. By 2024, 60% of C-suite executives are planning to pilot or operate generative AI in some way, indicating that generative AI’s public-facing platforms have awakened the world to its groundbreaking capabilities For Communications Service Providers (CSPs) and Network Equipment Providers (NEPs), in particular, generative AI ho

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Donna Del Rosso on Being the Only Woman with a Seat at the Table And Adding More

Let's Talk Supply Chain

Working your way up in supply chain for a seat at the table may still not be simpler for women, even with growing market needs and challenges presenting new opportunities. Women still make up less than half of the supply chain workforce and just 21% of executive-level supply chain roles—backsliding a little from previous years. However, while women in supply chain have more challenges breaking through to executive-level positions, female professionals (founders included) comprise 19% of the supp

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Your Triple-Threat Solution for Resilient Planning and Execution

Speaker: Len Pannett - Supply Chain and Operations Transformation Expert | Board Advisor - UK Ministry of Defence | Mentor | Author | Keynote Speaker

With the dark clouds of inflation and uncertainty looming overhead while the pressures of ESG and geopolitical tensions increase, today’s supply chain professionals are facing challenges we have never seen before. What were once traditional supply chains have now transformed to multidimensional networks met with new extremes in customer demands. Supply chain professionals often face the dilemma of balancing cost, resilience, and sustainability.

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ASCM Honors 3 Companies, 3 Individuals for Supply Chain Performance, Dedication

SCMR (Supply Chain Management Review)

3 companies and 3 individuals have been recognized with Association for Supply Chain Management Awards of Excellence for their dedication in advancing the field of supply chain management.

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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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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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Watch: Driving Sustainability From the Root of the Supply Chain

Supply Chain Brain

There are multiple trends driving sustainability in the supply chain right now, says Frank Clary, vice president for sustainability at multi-business operator and investor Agility.

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2023 Voice of Talent: State of the Workforce Report

New data is raising the bar on how to attract and retain talent in the New World of Work. Procom surveyed over 1,740 contingent and permanent workers across the United States and Canada to uncover what’s most important to them amidst heightened expectations, competition and uncertainty. We have distilled the data into actionable insights you can leverage to strengthen your position as an employer of choice and access the skills you need.