Sat.Feb 03, 2024 - Fri.Feb 09, 2024

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The 6 different ‘flavors’ of GenAI implementations in procurement applications

Spend Matters

Procurement solution providers are engaged in a race to implement GenAI in their solutions. It is in part due to the global interest in GenAI that was triggered by the launch of ChatGPT in November 2022 and in part due to the opportunity to easily enable their applications with (Gen)AI as integration with third-party GenAI tools (like ChatGPT) reduces the barrier to entry to the world of AI-enabled solutions.

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What Does the Aging Demographic Mean for Medical Supply Chains?

All Things Supply Chain

Medical supply chains have endured a number of public health crises, from the HIV epidemic to viral outbreaks to substance abuse to the recent COVID-19 pandemic.

professionals

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CPO Crunch: Averting crises and improving your CEO’s state of mind

Procurement Leaders

It can be draining just reading about the chaos brought about by global risks that continue to hit the headlines; from Houthi Rebel strikes in the Red Sea to ongoing speculation about Chinese intentions towards Taiwan, to the potential fallout from “the year of elections”. That said, being on the sharp end of having to respond to some of these events is a different matter entirely, and it’s a situation that many in the Procurement Leaders community find themselves in constantly.

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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.

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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.

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Plan on A Page

Procurement Templates

Project-Planner Download A “plan on a page” typically refers to a concise and condensed representation of a comprehensive plan or strategy presented on a single page. This approach is commonly used in business, project management, and various organizational contexts to provide a quick and accessible overview of key goals, objectives, and action items.

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The U.S. Bought More Goods from Mexico than China in 2023

Supply Chain Brain

Mexican exports to the U.S. topped out at $475.6 billion, beating China which saw its exports to the U.S. fall by 20% year-over-year to $427.2 billion.

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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.

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Weekly Planner

Procurement Templates

Weekly-Planner Download You might like the daily planner and P lan on a Page The post Weekly Planner appeared first on Procurement Templates.

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The AI Revolution: Transforming Supply Chain and Logistics with Artificial Intelligence

Supply Chain Brain

As this vital technology continues to advance at an exponential rate, businesses that embrace AI in their supply chain operations will be well-positioned for long-term success.

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Public cloud vs. private cloud vs. hybrid cloud: What’s the difference?

IBM Supply Chain Blog

It’s hard to imagine a business world without cloud computing. There would be no e-commerce, remote work capabilities or the IT infrastructure framework needed to support emerging technologies like generative AI and quantum computing. Determining the best cloud computing architecture for enterprise business is critical for overall success. That’s why it is essential to compare the different functionalities of private cloud versus public cloud versus hybrid cloud.

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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.

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Spirit AeroSystems ups production oversight as skepticism over quality looms

Supply Chain Dive

The Boeing supplier vowed to increase inspections, improve training and add automation to its processes after last month's Alaska Airlines incident.

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Savings v. Safety in Aircraft Manufacturing

Art of Procurement

On January 5th, Alaska Airlines flight 1282 left Portland, Oregon en route to Ontario, California. Just minutes into the flight, The post Savings v. Safety in Aircraft Manufacturing appeared first on Art of Procurement.

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Cut Carbon in 2024 by ‘Marketing’ to Suppliers

Supply Chain Brain

One challenge stalling manufacturers' ability to cut carbon emissions is a lack of data, with supplier information notoriously hard to obtain. Solving this problem is a top priority.

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The history of climate change

IBM Supply Chain Blog

Tackling global climate change and tracking greenhouse gas emissions has become an all-hands-on-deck endeavor. The World Bank recently launched an initiative, in collaboration with NASA and the European Space Agency, to collect and organize satellite-based measurements of concentrations of greenhouse gases in the atmosphere. 1 Back on Earth’s surface, companies around the world are also tracking greenhouse gas emissions —the ones produced by their businesses and value chains.

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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

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FMC urged to evaluate surcharges amid Red Sea crisis

Supply Chain Dive

Surcharges, prices increase and potential equipment challenges were some of the items shippers outlined for the agency to assess during a hearing Wednesday.

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2024 procurement tech vendor insights series — Analyst wrap up

Spend Matters

We recently concluded our annual insights series, which, throughout the months of December and January, gives insights for the year ahead from procurement-related tech and service providers. Our respondents gave us their observations on 2024 and how they anticipate them shaping the market in the year to come. It has been a fascinating read, and our senior analyst Bertrand Maltaverne has the privilege of wrapping it up and adding his own observations.

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Chinese Ships Get Cheaper Insurance to Navigate Red Sea

Supply Chain Brain

While the overall picture is mixed, some Chinese-linked vessels have to pay as little as 0.35% of their hull and machinery value to obtain insurance for transit.

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6 ways generative AI can optimize asset management

IBM Supply Chain Blog

Every asset manager, regardless of the organization’s size, faces similar mandates: streamline maintenance planning, enhance asset or equipment reliability and optimize workflows to improve quality and productivity. In a recent IBM Institute for Business Value study of chief supply chain officers, nearly half of the respondents stated that they have adopted new technologies in response to challenges.

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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.

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Dollar General taps AI to optimize produce ordering

Supply Chain Dive

The retailer has partnered with software company Shelf Engine to boost ordering, efficiency and in-stock levels of fresh foods.

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Workfellow: Vendor Analysis — Process intelligence management solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Workfellow and its solution for process and task intelligence. Workfellow is a process- and task-mining vendor that enables process visibility and provides recommendations for how their operations can be approved. The solution minimizes redundant work, achieves savings through undiscovered process automation, streamlines processes by eliminating unnecessary steps, hastens customer response times and removes the need for manual data trans

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From Buyer To CEO: Frito-Lay’s Steven Williams’ Career Path To Success

Procurement Insights

“You asked me what the difference maker for me in my career has been; it has been leading in a way that builds relationships authentically with people in order to get results. Being transparent and authentic about what I’m doing and then doing what I say I’m going to do.” – Steven Williams, Frito-Lay and Quaker CEO I shared the following comment in a post by Steven Williams , who started his career many years ago as a buyer and is today Frito-Lay and Quaker’s

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Sustainability trends: 5 issues to watch in 2024

IBM Supply Chain Blog

In 2024, sustainability is taking center stage. Efforts to track and reduce emissions, environmental impact and contributions to climate change are no longer rare or optional; instead, they’ve become the norm. Businesses, governments and individuals now see sustainability as a global imperative. Advanced technologies, more stringent reporting standards and stronger support from stakeholders are building momentum for eco-friendly initiatives and the incentives that encourage them.

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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.

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Delivery robot company Starship Technologies raises $90M for expansion

Supply Chain Dive

The latest infusion will help the startup reach new markets and develop its artificial intelligence and other technology.

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Tesla Recalling Almost All Vehicles Sold in the U.S. Due to Warning Light Issue

Supply Chain Brain

The National Highway Traffic Safety Administration (NHTSA) announced the recall of almost 2.2 million Tesla vehicles sold in the U.S. February 2.

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Mercanis: Vendor Analysis — S2C solution overview, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis gives an overview of Mercanis, a newcomer in the upstream suite landscape. It was created in response to the growing need for organizations to streamline and improve their procurement operations through the adoption of digital solutions. To achieve that, Berlin-based Mercanis focuses on flexibility — specifically, on providing a modular and configurable platform that customers can adapt to their needs and grow over time — and usability to ensure a wide and low

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Cyber recovery vs. disaster recovery: What’s the difference? 

IBM Supply Chain Blog

Today’s enterprises face a broad range of threats to their security, assets and critical business processes. Whether preparing to face a complex cyberattack or natural disaster, taking a proactive approach and selecting the right business continuity disaster recovery (BCDR) solution is critical to increasing adaptability and resilience. Cybersecurity and cyber recovery are types of disaster recovery (DR) practices that focus on attempts to steal, expose, alter, disable or destroy critical

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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.

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NYC has struggled for years to pay its suppliers on time — and it’s getting worse

Supply Chain Dive

The city was late on registering 77% of its contracts in the first half of its fiscal year, leading to long payment delays and financial issues for contractors.

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LG Chem, GM Sign $18.6B Battery Materials Supply Deal

Supply Chain Brain

The South Korean chemical company said that it would supply GM with at least 500,000 tons of cathode materials through 2035, enough to manufacture batteries for 5 million EVs.

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76% of supply chain operations are facing a workforce shortage

SCMR (Supply Chain Management Review)

More than three-quarters of supply chain operations say they are still facing a workforce shortage, with managers and analysts most in need.

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Creating exceptional employee experiences

IBM Supply Chain Blog

As the line between employees’ personal and professional lives becomes more blurred than ever, employees expect a more flexible and empathetic workplace that takes their full selves into account. This shift in employee expectation is happening in a challenging environment of rapid technological advancements, widening skills gaps and unpredictable socioeconomic issues.

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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.