Sat.Apr 20, 2024 - Fri.Apr 26, 2024

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CPO Crunch: Win friends and influence people

Procurement Leaders

One of the privileges of being in this role is the opportunity it offers to have regular conversations with CPOs about their visions for the function and the strategic journeys they are on. It’s inspiring and helps to inform many of our own strategic product decisions. It’s conversations like these, as well as the many other community interactions we have, which have informed the development of our long-term product theme, Horizon 2030: Glide Paths for Sustainable Growth.

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Emerging Trends in Logistics Training: Preparing for Tomorrow’s Challenges

All Things Supply Chain

Navigating the ever-evolving landscape of logistics requires a keen understanding of emerging trends.

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Trending Sources

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U.K. Brexit Import Checks Delayed, Causing Confusion

Supply Chain Brain

Under the rules, medium- and high-risk products, which include meat and dairy products, as well as most plants, could be subject to checks at the borders for biosecurity.

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Automakers get new standard for cutting a top source of scope 3 emissions

Supply Chain Dive

Indirect emissions are notoriously hard to calculate and address, so the Science Based Targets initiative put forth a new guideline for the auto industry's category 11 goals.

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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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Overcoming Procurement’s Fear of AI

Art of Procurement

“I think we are headed for human-centered AI where we have the human at the core, and you are going. The post Overcoming Procurement’s Fear of AI appeared first on Art of Procurement.

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Coupa Inspire 2024: New product announcements centered around ‘Margin Multiplier’ theme

Spend Matters

Spend Matters analysts attended Coupa Inspire Americas 2024 in Las Vegas, the company’s 11th annual Inspire conference and its largest to date. In their first dispatch our analysts cover Coupa CEO Leagh Turner’s opening speech, which touched on Coupa’s five initiatives to bridge the customer “margin erosion zone:” assisting customers with growth, efficiency, productivity, resiliency and sustainability.

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Port of Baltimore preps new alternate channel for larger vessel traffic

Supply Chain Dive

The limited access channel could help draw more commercial activity back to the port after the collapse of the Francis Scott Key Bridge.

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Forbes: The Devil’s in the Details, Part 3

Arkestro

Here are a few strategies to help procurement leaders get their order cadence and tempo under control, be more prepared for disruption, and achieve cost savings.

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Daato: Vendor Analysis — ESG compliance solution overview, competitors, user considerations, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis, we give an overview of Daato, an ESG compliance solution built to address the challenges companies face with complying to different reporting frameworks. The regulatory landscape that procurement professionals have to navigate is constantly changing. New regulations are frequently being introduced, especially regarding sustainability.

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Building Insights Into Supply Chains: A Case Study

Supply Chain Brain

What started as a shared frustration at the lack of tracking information on general cargo shipments resulted in a much-needed advancement in tracking technology and shipping analytics.

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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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GLS US launches direct delivery to and from Europe

Supply Chain Dive

The carrier integrated its services with its parent's European network, which could help it stand out among FedEx and UPS alternatives.

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Outside-in planning: a big elephant that needs a bite-size approach

Supply Chain Trend

“ There is only one way to eat an elephant: a bite at a time.” Desmond Tutu Outside-in thinking in theory Outside-in thinking makes sense. It has been suggested to include a market, customer, and competitor view in a strategy definition for more than 50 years. It is not new in strategy. It is not new in supply chain management either. Lee’s uncertainty framework (2002) shows how segment your supply chain in demand streams and how to define your supply chain response to that.

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For the planet and people: IBM’s focus on AI ethics in sustainability

IBM Supply Chain Blog

AI can be a force for good, but it might also lead to environmental and sustainability concerns. IBM is dedicated to the responsible development and deployment of this technology, which can enable our clients to meet their sustainability goals. “AI is an unbelievable opportunity to address some of the world’s most pressing challenges in health care, manufacturing, climate change and more,” said Christina Shim, IBM’s global head of Sustainability Software and an AI Ethics

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Reinventing Defensive Supply Chain Risk With AI

Supply Chain Brain

Moving from risk-reduction mode (defense) to opportunity-creation mode (offense) requires a mindset change and more advanced processes, technologies and talent.

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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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How Schneider National tapped into shipper needs post-Baltimore bridge collapse

Supply Chain Dive

Following a wave of freight rerouting requests, a quickly deployed email campaign gave the carrier’s drayage and other logistics services a boost.

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Why we need a DraftKings for the procurement world

Procurement Insights

EDITOR’S NOTE: Today’s post is inspired by an energized discussion on LinkedIn prompted by a post by Michael Lamoureaux. Join in using the following link. Michael Lamoureux , you make excellent points. We are not even talking about the companies that are not on the radar screens but have been out there for 20 to 30 years and have a solid and loyal client base.

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Commerce strategy: Ecommerce is dead, long live ecommerce

IBM Supply Chain Blog

In today’s dynamic and uncertain landscape, commerce strategy—what we might formerly have referred to as ecommerce strategy—is so much more than it once was. Commerce is a complex journey in which the moment of truth—conversion—takes place. This reality means that every brand in every industry with every business model needs to optimize the commerce experience, and thus the customer experience , to drive conversion rates and revenues.

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Watch: Inventory Planning in an Unknown World

Supply Chain Brain

Growing uncertainties in global supply chains necessitate a fresh approach to inventory strategy, says Warren Owen, vice president solutions consultants with Netstock.

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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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The secret sauce for generative AI and sustainability: Data quality

Supply Chain Dive

Generative AI has tremendous potential to help create a more sustainable supply chain. But how can you use it with inaccurate, inconsistent data?

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Penny: Vendor Analysis — P2P solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Penny and its P2P solution. Penny is a cloud-based procurement solution that covers the procurement journey from purchase requisition to sourcing to payments. Customers can pick and choose from an array of modules (Purchase Requisition, E-Sourcing, Orders, GRN, Bills, Payments). This Vendor Analysis explores Penny’s platform, application and supporting services.

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How to prevent prompt injection attacks

IBM Supply Chain Blog

Large language models (LLMs) may be the biggest technological breakthrough of the decade. They are also vulnerable to prompt injections , a significant security flaw with no apparent fix. As generative AI applications become increasingly ingrained in enterprise IT environments, organizations must find ways to combat this pernicious cyberattack. While researchers have not yet found a way to completely prevent prompt injections, there are ways of mitigating the risk.

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Railroad Engineer Sues Union Pacific Over Train Driver Software

Supply Chain Brain

The computer system gave the locomotives dangerous instructions, the complaint alleges, telling the lead locomotive to slow down and the middle locomotive to speed up while climbing a hill.

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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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Nestlé aims for bottle-to-bottle circularity with recyclable shrink sleeves

Supply Chain Dive

The company said it explored multiple suppliers and materials for the packaging conversion as it advances its sustainability efforts.

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Examining the Practicality of the EV Truck Mandate

Art of Procurement

On March 29th, it was announced that manufacturers of heavy-duty vehicles must reduce their overall emissions by mandated percentages, starting. The post Examining the Practicality of the EV Truck Mandate appeared first on Art of Procurement.

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Navigating Global Supply Chain Disruptions: Strategies for Resilience

SCMDOJO

As recent times have shown us, political matters across the world can have an impact on shipping routes, thus affecting the prices of goods all around the world. But what steps can you take to a more resilient supply chain during disruptions? This article will explore why disruptions happen, and how the industry deals with them as they come. If you’re ready to learn more about creating stronger supply chains, read below.

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Business impact of Digital Twins

Supply Chain Brain

A variety of Digital Twins are being created and leveraged across industries to improve business performance. Connect with two senior Deloitte Consulting leaders that have been helping their clients in this area for many years to learn more about the various types and uses of Digital Twins and the business impact they can have across an enterprise.

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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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Why Amy’s Kitchen added a chief supply chain officer

Supply Chain Dive

Creating the role helped the food manufacturer streamline its operations and reset its sourcing and logistics strategies, Oksana Woloszczuk said.

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Data privacy examples

IBM Supply Chain Blog

An online retailer always gets users’ explicit consent before sharing customer data with its partners. A navigation app anonymizes activity data before analyzing it for travel trends. A school asks parents to verify their identities before giving out student information. These are just some examples of how organizations support data privacy , the principle that people should have control of their personal data, including who can see it, who can collect it, and how it can be used.

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A visual illustration of vendor rationalization

Procurement Insights

You go to two different grocery stores – Store A and Store B. Which product do you buy? Store A Store B Beyond price, which one of the two provides the best value? Now, how would you respond if you were told that you could only buy from Store B because they are a preferred store? Vendor Irrationalization Before answering that question, read the following excerpt from an April 2009 paper, “Utilizing an Intelligent Filtering Platform to Enhance Contract Performance (A Procurement Insig

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Why Planning Isn’t Enough to Achieve True Operational Excellence

Supply Chain Brain

As we’ve seen over the last few years, planning and forecasting alone haven’t been enough to deal with the delays and shortages rippling through global supply chains.

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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