December, 2023

article thumbnail

According to the Next Gen Rebels, this is what Procurement will look like in 2024

Procurement Insights

EDITOR’S NOTE: Who are the Next Gen (Procurement) Rebels? Check out the article Procurement’s Most Wanted List: Who Are The Next Gen Rebels? to discover who these industry movers and shakers are. The best way to predict or anticipate the future of procurement is to talk to those professionals who want to influence the future versus being a spectator of it.

article thumbnail

How Generative AI Promises to Transform Procurement

Supply Chain Brain

As the landscape of supply chains grows increasingly complex and data-driven, the role of artificial intelligence becomes more critical in streamlining procurement processes.

professionals

Sign Up for our Newsletter

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

article thumbnail

Procurement leaders face lack of talent to meet future needs: report

Supply Chain Dive

The profession has growing needs for data and technology as well as general business skills, according to a recent survey by Gartner.

article thumbnail

What “technology musicians” are in your procurement automation orchestra pit?

Procurement Insights

EDITOR’S NOTE: Yesterday’s post certainly started to stimulate some thought-provoking feedback from people like Dave Jones and R.Gökhan Hüner. The following are their respective comments and my corresponding response. Dave Jones, MCIPS (and Next Gen Rebel) Great post. Failure to involve end users in tech decisions and subsequent implementation is the main reason things fail.

article thumbnail

Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.

article thumbnail

Three Ways to Enhance Procurement Value Through Risk Management

Supply Chain Brain

From scenario planning to relationship building, procurement teams are in a new era of risk management that will be crucial for long-term success.

article thumbnail

Optimizing the Supply Chain for Improved Productivity During the Busiest Time of Year

All Things Supply Chain

The holiday season is here, and businesses are working to provide the best customer experience through optimizing their supply chains.

More Trending

article thumbnail

Get your IT team battle-ready for the next holiday rush 

IBM Supply Chain Blog

Last year, almost 200 million people shopped on Black Friday. Online alone, they spent more than $9 billion. This holiday season, shoppers are ready to shop again and they’re prepared to spend even more. Are your IT systems ready to handle any spikes and keep everyone jolly? Or are you worried that incidents—finicky apps, slow page loads or even downtime— might ruin the holiday spirit along with your bottom line?

e2e 115
article thumbnail

‘We need everyone on this journey’: How PepsiCo is reducing water use in its supply chain

Supply Chain Dive

The beverage giant is focused on efficiency in its operations and working with communities, Pepsi’s senior director overseeing water strategy told Supply Chain Dive.

article thumbnail

Why CPG Shippers Need to Smooth Flows in Their Supply Chains

SCMR (Supply Chain Management Review)

Volatility is costly and disruptive to operations. Consumer packaged goods supply chains face volatile transportation flows due mostly to variations in consumer behavior, but technology can help smooth those flows.

article thumbnail

Container Lines Rerouting Ships Away From Suez Canal in Response to Red Sea Missile Attacks

Supply Chain Brain

Every major commercial shipping line is rerouting vessels away from the Suez Canal in response to the recent series of missile attacks by Houthi militants in the Red Sea.

132
132
article thumbnail

Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.

article thumbnail

HR Tech Entrepreneur Gergo Vari: AI’s Impact on Future Supply Chain Jobs

All Things Supply Chain

Artificial intelligence (AI) in the workforce has significantly changed several industries. One of the sectors facing a major transformation is supply chain management.

article thumbnail

Supply Chain Leader Becky Simon on Having a Heart of Service

Let's Talk Supply Chain

As the year draws to a close, we can look back on all the progress women in supply chain made this year and the powerful gains ahead. 2023 marks the year women in supply chain returned to the post-pandemic workforce in full force. These advancements turned heads at the C-suite and executive level. 26% of all executives, including CSO, SVP, EVP, and CPO positions, are filled by women—an all-time high up almost 20% from a year prior.

article thumbnail

New Year Insights for the procurement solutions and services marketplace 2024: Efficio

Spend Matters

Spend Matters is publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. We are highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

article thumbnail

6 reasons why global supply chains are shifting

Supply Chain Dive

A desire to reduce costs, lead times, political risk and emissions are just some of the reasons behind onshoring, nearshoring and friendshoring decisions.

article thumbnail

Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

article thumbnail

Rethinking Strategy for a Circular World

SCMR (Supply Chain Management Review)

Companies at the forefront of the circularity shift have begun identifying and investing in the new structures and processes required to replace linear business models. As these new market dynamics develop, industries will be able to go circular at a faster pace.

Strategy 112
article thumbnail

AI Technology Ensures Supply Chain Integrity Beyond the Holidays

Supply Chain Brain

By adopting AI technology to analyze critical enterprise-wide contract data and gain insights into supplier practices, companies can identify red flags and deviations from compliance standards

article thumbnail

The Final Wrap-up of this year – the ATSC Awards 2023

All Things Supply Chain

It’s that time of year again for recaps, and the All Things Supply Chain blog has traditionally joined in this positive habit.

article thumbnail

What is a Sourcing Agency and How does it work?

SCMDOJO

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do. A sourcing agency is like a helpful guide in the complicated process of getting goods.

Sourcing 103
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

The advantages and disadvantages of hybrid cloud

IBM Supply Chain Blog

With the rapid advancements in cloud computing, data management and artificial intelligence (AI) , hybrid cloud plays an integral role in next-generation IT infrastructure. Enterprise-level businesses rely on hybrid cloud solutions to run critical workloads from anywhere by combining and unifying on-premises, private cloud and public cloud environments.

article thumbnail

As manufacturers turn away from China, Vietnam lures investment

Supply Chain Dive

The country is home to a growing number of factories thanks to its increased use of free trade agreements, tax incentives and competitive labor costs.

135
135
article thumbnail

Supply Chain’s Top Trends for 2024 Require Talent Investment for Success

SCMR (Supply Chain Management Review)

As we head into 2024, top 10 supply chain lists feature the usual suspects: technology, visibility, AI. But a focus on talent is needed to ensure the investments in these more high-profile areas provide value.

Supply 108
article thumbnail

White House Hosts First Meeting of Supply Chain Resilience Council

Supply Chain Brain

While most supply chain disruptions have dissipated, continued challenges led to the White House giving supply chains another bump in the news cycle with its inaugural meeting of the Council on Supply Chain Resilience.

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

Is Technology Ready To Stem The Tide Of Supply Chain Health And Safety Hazards?

All Things Supply Chain

The US supply chain underwent huge changes as a result of Covid-19 pandemic and it has never fully recovered.

article thumbnail

Adapting Supply Chains to the Digital Retail Revolution

SCMDOJO

In the era of the Digital Retail Revolution, adaptive supply chain management is imperative amid the surge in online retail and the social commerce boom. Notably, social commerce entails direct buying and selling on social media platforms. According to a recent report by Global Web Index, modern shoppers distribute their attention across multiple social platforms and are increasingly likely to purchase products on their mobile devices.

article thumbnail

The three main types of cryptography

IBM Supply Chain Blog

Derived from the Greek words for “hidden writing,” cryptography is the science of obscuring transmitted information so that it may only be read by the intended recipient. The applications of cryptography are endless. From the quotidian end-to-end message authentication on WhatsApp to the practical digital signatures on legal forms or even the CPU-draining ciphers used for mining cryptocurrency , cryptography has become an essential aspect of our digital world and a critical cybersecu

Data 99
article thumbnail

Suez Canal at risk: What shippers should know to mitigate disruption

Supply Chain Dive

Using alternative routes like the Cape of Good Hope not only means longer transit times but higher freight costs. Here’s what shipping experts had to say.

Risk 137
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

Maximizing Return on Innovation Investment: 6 Ingredients for Success

SCMR (Supply Chain Management Review)

Learning these six ingredients for delivering innovation from invention serve as a compass for organizations navigating this dynamic market and striving to maximize return on innovation investment.

article thumbnail

The Next Great Supply Chain Shortage: Talent

Supply Chain Brain

For the past few years, the topic of the microchip shortage dominated media headlines. Now, another shortage is creating obstacles on the path to equilibrium in the semiconductor supply chain: talent.

article thumbnail

Transfer Orders: Simplifying Warehouse Operations in Ecommerce

Finale Inventory

A transfer order arriving at a warehouse. For those managing ecommerce warehouses, optimizing operations is vital for maintaining customer satisfaction and driving profitability. Finale’s transfer orders stand out as an important tool in this initiative. Let’s explore the role of transfer orders, demonstrating how they can significantly streamline your warehouse processes.

article thumbnail

Lead Time Definition – How to Calculate & Reduce it?

SCMDOJO

Time is really important in business. Studies say that 25% of customers won’t buy something unless it can be shipped in two days or less. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

article thumbnail

The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.