December, 2023

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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.

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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.

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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.

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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.

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How a Global CPG Leader Optimized $500M of Direct Materials Spend and Exceeded Savings Goal

A Fortune 500 CPG company partnered with GEP to improve end-to-end category management, optimize direct spend categories, and increase strategic focus on tail spend. GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supply chain resilience and agility.

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Reading FedEx Ground the RICO Act

Art of Procurement

The Racketeer Influenced and Corrupt Organizations Act, better known as RICO, is usually associated with organized crime. In 1992, it. The post Reading FedEx Ground the RICO Act appeared first on Art of Procurement.

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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?

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‘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.

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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

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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.

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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.

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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

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Examples and uses of GIS

IBM Supply Chain Blog

One of the largest sources of data is all around us—that is, geospatial data. This is information relating to the Earth’s surface, its climate, the people who live on it, its ecosystems and more. Geographic information systems (GIS ) visualize and make sense of this data, helping people and businesses better understand the patterns and relationships of our world.

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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.

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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.

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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.

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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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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.

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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.

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Reskilling your workforce in the time of AI

IBM Supply Chain Blog

As the adoption of AI and other technologies continues to expand, it will transform how we perform work with the potential to disrupt 83 million jobs globally and create 69 million new roles by 2025, according to the World Economic Forum. Like other groundbreaking technologies before it, the evolution of AI will create opportunities for new industries, new jobs and new approaches to existing ones.

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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.

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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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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.

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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.

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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.

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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.

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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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How financial institutions can deliver value from investment in digital operational resilience

IBM Supply Chain Blog

The Digital Operational Resilience Act (DORA) is a landmark piece of legislation in the European Union (EU) that is designed to help fortify the operational resilience of the financial sector, making it fit for purpose in the digital age. DORA has several objectives, including to comprehensively address information and communications technology (ICT) risk management in the financial services sector and harmonize the ICT risk management regulations that already exist in individual EU member state

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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.

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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.

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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.

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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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Will the world fiddle while Bangladesh burns?

Art of Procurement

On November 7th, a minimum wage increase was announced for ready-made garment factory workers in Bangladesh. The increase took workers. The post Will the world fiddle while Bangladesh burns? appeared first on Art of Procurement.

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Techstrong.ai: AI Offers Opportunities to Streamline, Optimize Parts Purchasing

Arkestro

Artificial intelligence could improve the parts purchasing process, making it quicker and more efficient for suppliers for many industries—from automakers to chemical companies, who are still grappling with supply chain shortages. AI can improve parts purchasing in several ways.

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Types of enterprise resource planning (ERP) systems

IBM Supply Chain Blog

The fast-paced business world we live in today requires smart tools to manage a business’s operations and everyday needs. Enterprise resource planning (ERP) is a business management software built to do just that. This relatively new system offers a centralized platform with applications to manage all aspects of your business from supply chain management to inventory management to financial management.

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Maintaining Cybersecurity in a Growing Digital Supply Chain

SCMR (Supply Chain Management Review)

Complex digital supply chains spanning multiple countries and continents offer invaluable flexibility and cost efficiencies, but also growing cybersecurity risks.

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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.