Sat.Mar 23, 2024 - Fri.Mar 29, 2024

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The Red Sea Dilemma for Shippers: Extended Transit, Rising Costs and Increased CO2 Emissions

All Things Supply Chain

Amidst escalating attacks and a seemingly unending crisis, the Red Sea predicament is poised to disrupt trade volumes significantly and pose formidable challenges to shippers’ operational strategies at least in…

Strategy 208
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CPO Crunch: Think intelligently about artificial intelligence

Procurement Leaders

Question: What’s driving your thinking when it comes to the rollout of artificial intelligence in procurement? Is it the efficiencies that might be gained from harnessing the technology? How about the insights that might be available? Or is it more fundamental, such as the potential new business models that might become possible? Or – whisper it quietly – the risks you face from not thinking about it at all?

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Happy Easter

Procurement Templates

Happy Easter. It’s a time for reflection and the resurrection of Jesus. Spend the time reiving your tired body and enjoy time with loved ones. My Valentines Satire post was rather popular so here is the Easter one! Procurement Parody: An Easter Reflection In the solemn glow of Easter, as we celebrate renewal and rebirth, let us turn our attention to a ritual as ancient and mystifying as the resurrection itself: procurement.

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Essential Negotiation Skills for Procurement Professionals

ProcurePort

Negotiation is at the heart of procurement. Whether you’re securing the best prices, managing supplier contracts, or resolving disputes, the ability to negotiate effectively is crucial for procurement professionals. In business today, being good at negotiation is more than just getting a good deal. It’s also about creating lasting relationships, reducing risks, and creating value […] The post Essential Negotiation Skills for Procurement Professionals appeared first on ProcurePo

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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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Beyond Visibility: Social Media’s Role in Reinventing Supply Chain Engagement

All Things Supply Chain

Ever peeked behind the curtain to see how your favorite products come to life? Social media’s doing exactly that, pulling back the veil on manufacturing like never before.

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Thought leader: How to get early supplier involvement right

Procurement Leaders

For many procurement and supply chain leaders, it is standard practice to involve suppliers early when developing new products and services. But does it work? Early supplier involvement is a term that has evolved since the 1990s, when the world discovered that Japanese automotive OEMs such as Toyota and Honda outperformed their competitors in terms of design quality and time-to-market.

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AI and the practice of Procurement – Contracting and Legal

Spend Matters

Complementing our recent research into AI in procurement solution use cases and our wider theme around AI in general , Spend Matters has been undertaking a series of interviews with senior procurement practitioners to gauge the level of interest in, and infiltration of, AI and generative AI (GenAI) in the practical lives of the procurement organization today.

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Nearshoring Is Booming in Mexico. Here Are Five Numbers to Prove It

Supply Chain Brain

Businesses in the U.S., Canada, and even South America have been bringing their supply chains closer to the consumer — that is, nearshoring — and Mexico has been the beneficiary.

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Hyperscale vs. colocation: Go big or go rent?

IBM Supply Chain Blog

Here’s the situation: You’re the CIO or similarly empowered representative of an organization. Different voices within your business are calling attention to the awesome scalability and power of hyperscale computing, which you’ve also noticed with increasing interest. Now the word comes down from on high that you’ve been tasked with designing and implementing your company’s hyperscale computing solution—whatever that should be.

Data 108
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5 ways drone delivery providers are advancing in 2024

Supply Chain Dive

Announcements from Zipline, DroneUp, Wing and Skyports Drone Services this year demonstrate drones' growing presence in supply chains.

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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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How to Overcome the Supply Chain Decision Gap

Supply Chain Trend

As John Lennon said, “Live is what happens while you’re busy making other plans”. Every supply chain plan or schedule meets variations or disruptions that require corrective decisions and actions. However, a gap remains between data, plans, insights and taking action to solve short and long term issues and grasp opportunities. I called this the “Decision Gap” in a recent webinar.

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The ‘No-Fail’ Mission to Protect the Red Sea Isn’t Working

Supply Chain Brain

For all the costly hardware the U.S. and its allies have thrown at Houthi rebels, they haven’t been able to stop the attacks on freighters and warships in the Red Sea.

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Ahead of the curve: How generative AI is revolutionizing the content supply chain

IBM Supply Chain Blog

The global adoption of generative AI is upon us, and it’s essential for marketing organizations to understand and play in this space to stay competitive. With content demands expected to grow in the next few years, organizations need to create more content at a faster pace to meet customer expectations and business needs. Knowing how to manifest these improvements is not always clear: Enter generative AI and the content supply chain.

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Port of Baltimore halts vessel traffic after bridge collapse

Supply Chain Dive

While the port is still processing trucks, the loss of the Francis Scott Key Bridge will disrupt port operations for some time.

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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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6 Questions With … Tom Plotkin

SCMR (Supply Chain Management Review)

Adhering to ethical and responsible sourcing requirements and public pressure surrounding forced labor is putting new pressures on supply chains. Covington’s Tom Plotkin addresses these questions and more in this 6 Questions With … feature.

Ethics 97
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How Supply Chains Can Support Second-Hand eCommerce

Supply Chain Brain

Second-hand e-commerce has witnessed something of a boom period in recent years, fueled largely by changing consumer attitudes towards affordability, longevity, sustainability, and effectiveness.

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EclipseStore enables high performance and saves 96% data storage costs with WebSphere Liberty InstantOn

IBM Supply Chain Blog

As AI technology advances, the need for high-performance, cost-effective and easily deployable solutions reached unprecedented levels. EclipseStore, a groundbreaking data storage platform from MicroStream , is revolutionizing the development of cutting-edge software applications. IBM ® collaborated with MicroStream to integrate the IBM WebSphere ® Liberty InstantOn feature within EclipseStore.

Data 103
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Lifetime Brands pursues less China reliance with Mexico factory

Supply Chain Dive

The company's plastics manufacturing facility is on track to reach full capacity this year as it pushes to expand its sourcing capabilities.

Sourcing 120
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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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Port of Baltimore May Not Reopen Until Summer

SCMR (Supply Chain Management Review)

The Port of Baltimore may remain closed until at least May, and possibly into the summer, as officials investigate and clean up the site of the Francis Scott Key Bridge collapse following a cargo ship strike on Tuesday.

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The Industry Trends That Are Disrupting the Service Sector in 2024

Supply Chain Brain

Following are five key industry developments we can expect to see in the upcoming year, all supported by AI, and the potential that these trends hold for enhancing service delivery.

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Celebrating the women of IBM AI Ethics

IBM Supply Chain Blog

For more than 100 years, IBM’s founding principles have inspired efforts to promote equality, fairness and inclusion in the workplace and society. The company has lived the value of “respect for the individual” by championing employment practices that reward ability over identity and that make work more attainable for all. In 1935, approximately twenty years after IBM was founded, it began hiring women into professional roles.

Ethics 102
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5 takeaways from UPS’ 2024 investor and analyst day

Supply Chain Dive

Company officials provided details on the company's future with Amazon, the evolution of its pricing technology, growth in healthcare and more.

Price 114
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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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A New Priority Greets Procurement Professionals in 2024

SCMR (Supply Chain Management Review)

Cost reduction supplants supply continuity as the top issue facing procurement professionals in The Hackett Group’s annual Key Issues survey.

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Blue Yonder Announces Buys One Network Enterprises for $839M

Supply Chain Brain

The deal will mark around $1 billion of investments in acquisitions by Blue Yonder since Q4 2023 in its quest to provide a unified end-to-end supply chain management platform.

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The “hidden figures” of AI: Women shaping a new era of ethical innovation

IBM Supply Chain Blog

The end of March marks the conclusion of Women’s History Month. And despite the increased focus on women’s issues and contributions to society throughout the month, the conversation would be incomplete without recognizing how indispensable the success of women—past and present—has been in the tech industry. In particular, women are leading the way every day toward a new era of unprecedented global innovation in the field of generative AI.

Ethics 98
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How auto supply chain managers can navigate the Baltimore port stoppages

Supply Chain Dive

Alternative port assessments, along with contract and obligation reviews, are among the steps experts say shippers should consider.

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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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Meet AI in AP Automation

Spend Matters

Artificial intelligence (AI) comes in many forms (for a complete history of AI in procurement see our recently published autogmentation series) and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry. In this series of articles we explore the current state of AI in procurement technology.

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Getting the Most Out of Automating the Modern Warehouse

Supply Chain Brain

Automation has been touted as the key to ramping up warehouse efficiency in the face of a shortfall of labor. But it comes with its own set of problems.

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Mitigating the impact of climate change in insurance and other financial services  

IBM Supply Chain Blog

As the effects of climate change intensify, extreme weather events are becoming increasingly frequent and severe. The US experienced 25 extreme weather events in 2023, each causing losses of over USD 1 billion, with a total cost of USD 73.8 billion. These climate events have a huge potential impact on financial institutions. In 2021, large-scale floods affected the European countries of Austria, Germany, Belgium, the Netherlands and Luxembourg, causing USD 43 billion worth of damage in addition

Risk 95
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Intel’s $8B in CHIPS funding should provide suppliers confidence

Supply Chain Dive

The chipmaker's hundreds of U.S. suppliers should prepare for "when the taps turn on," according to one expert.

Suppliers 119
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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