Sat.Nov 04, 2023 - Fri.Nov 10, 2023

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Is it the most wonderful time of the supply chain year?

Art of Procurement

According to the National Retail Federation, 43 percent of people started doing their holiday shopping in October, leading the NRF. The post Is it the most wonderful time of the supply chain year? appeared first on Art of Procurement.

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What is the importance of risk management to procurement?

ProcurePort

Holistic Risk Management Approach: Proactive Identification: Implementing proactive measures to identify and assess diverse risks, ranging from supply chain disruptions to market fluctuations, regulatory changes, and operational inefficiencies. Strategic mitigation involves using advanced technologies, strong supplier relationships, and considering globalization, ESG factors, and post-pandemic changes.

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How to Transform Procurement into a Strategic C-Suite Player

Arkestro

Resources / Blog / How to Transform Procurement into a Strategic C-Suite Player How to Transform Procurement into a Strategic C-Suite Player Procurement is at a crossroads. At the same time that automation has launched the discipline into a new era of efficiency, global supply chain and manufacturing practices are in a constant state of flux. With technological advancements in their playbook, procurement has largely risen to meet these new challenges — 80% of C-suite leaders say procurement has

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Agile Methodology in Procurement: A Paradigm Shift in Supply Chain Management

ProcurePort

Agile Procurement involves a new way of thinking. It promotes flexible sourcing and working closely with suppliers. It also involves adapting plans and constantly improving through feedback. Successful examples show that being flexible in procurement brings better responsiveness, smoother processes, and strong supplier relationships. This helps organizations succeed in today’s ever-changing business world.

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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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5 Key Challenges in Sourcing & How to Manage Them with Procurement

Procurement Freelancers

Amid growing uncertainty, business organisations need to prepare accordingly to adapt to the new normal.… The post 5 Key Challenges in Sourcing & How to Manage Them with Procurement first appeared on Procurement Blog | Procurement & Supply Chain News.

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How can the Lean Six Sigma methodology be applied to Supply Chain problems?

All Things Supply Chain

The first mentions of Lean Six Sigma date back to the late 1990s and early 2000s.

More Trending

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Why is Procure-to-Pay Software Critical Today?

ProcurePort

Efficiency and Cost Savings: P2P software streamlines and automates the entire procurement process, reducing manual tasks, minimizing errors, and optimizing spending, leading to significant cost savings and operational efficiency. Compliance, Visibility, and Control: P2P software ensures compliance with internal policies and external regulations, offers real-time visibility into procurement activities, enhances control over spending, and provides […] The post Why is Procure-to-Pay Software

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How to implement enterprise resource planning (ERP)

IBM Supply Chain Blog

Once your business has decided to switch to an enterprise resource planning (ERP) software system, the next step is to implement ERP. For a business to see the benefits of an ERP adoption it must first be deployed properly and efficiently by a team that typically includes a project manager and department managers as well. This process can be complicated and feel overwhelming, depending on the needs of your organization.

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Mastering Omnichannel Fulfillment: 3 Key Strategies for Retail Success

Supply Chain Brain

Omni-channel, demand-driven fulfillment using AI and automatic decision-making technologies will give retailers the edge they need to succeed in a very competitive landscape.

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AI in Procurement and “Autogmentation” Part 2 — The current state of AI

Spend Matters

Part 1 of our mini-series focused on the impact of technology on the business world and, more specifically, on procurement. After considering the key milestones in the history of digital technology, we discussed the various impacts that technology can have in terms of automation (efficiency) and augmentation (effectiveness). We also mentioned a strong dependency between the two value drivers and that “new technologies can not only handle a growing number of repetitive and manual tasks but also p

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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

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.

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Latest research: CPO Compass 2024

Procurement Leaders

In partnership with GEP: Insights into the long-term technological, geopolitical and ESG trends that will impact procurement teams this decade

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FDA FSMA: Providing value beyond compliance

IBM Supply Chain Blog

The supply chain plays a pivotal role in delivering goods and services to both businesses and consumers, serving as the connective thread between industries, nations, communities and all components of the value chain. Our dependence on supply chains is most pronounced in ensuring food supply. However, over the decades, the supply chain has grown longer and increasingly intricate, which means consumers may find themselves more distant from the origin of the products they consume.

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Global Supply-Chain Pressure Hits Record Low, NY Fed Gauge Shows

Supply Chain Brain

Global logistics difficulties are at the lowest in 26 years as transportation costs keep declining, according to the Federal Reserve Bank of New York's Global Supply Chain Pressure Index.

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Whirlpool ‘on track’ to reduce $800M in costs via procurement tactics

Supply Chain Dive

In an earnings call, the home appliance company said it reduced parts complexity and used dual sourcing to mitigate supplier-driven disruptions.

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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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Spend Matters Future 5 2023 – Why we chose Calculum

Spend Matters

Spend Matters is delighted to announce the 2023 roster for our ‘Future 5’ list. For the fifth year in a row, our analysts have highlighted five start-ups that excite them the most. This year, the five companies that have proven themselves as potential future trend setters are akirolabs, Calculum, dSilo, Mithra and ORO Labs. To warrant such attention, these vendors must have a product that is ideally 2 to 5 years old, is used by more than five customers and displays an innovative appl

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4 ways to empower small and medium businesses with generative AI

IBM Supply Chain Blog

In a tightening economy, small and medium businesses (SMBs) are challenged to grow while protecting thinning margins. Compared to large businesses, SMBs have fewer resources to help them weather an economic downturn or diversify into new value streams. As such, enterprises that serve SMBs must provide solutions that lessen administrative burdens and deliver tangible value.

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Using Computer Vision to Inspect Incoming Boxes for Damage in the Warehouse

Supply Chain Brain

Intel sets out to replace an arduous and time-consuming manual process for inspecting damaged boxes in the warehouse, with an automated system that employs computer vision and artificial intelligence.

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???????‘Overstaffed’ FedEx tells unhappy pilots they can join American Airlines

Supply Chain Dive

Air cargo demand remains down at FedEx and other carriers, but passenger airlines continue to hire pilots at a strong pace, a VP told crew members in a memo.

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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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Global Companies Plan More Regional Approaches to Manufacturing, Selling

SCMR (Supply Chain Management Review)

A new report from Accenture finds that the number of companies nearshoring product manufacturing will double in three years time.

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IBM and Microsoft work together to bring Maximo Application Suite onto Azure

IBM Supply Chain Blog

IBM and Microsoft believe in providing you with the power of choice so you can leverage the industry-leading asset management capabilities of Maximo Application Suite (MAS) deployed and operating on Azure. MAS is available from IBM or through the Microsoft Azure Marketplace. When you choose to invest in MAS, you’re not just purchasing a license; you’re embracing an opportunity to tailor your asset management journey precisely to your unique needs and aspirations.

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U.S. to Build $553M Deep-Water Shipping Terminal in Sri Lanka

Supply Chain Brain

The Port of Colombo has been operating near its capacity since 2021, meaning the new terminal will enable the continued growth of economies located in the Bay of Bengal.

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Scientists break ground on sand sourcing traceability

Supply Chain Dive

A research team’s findings, reported in Nature last week, could help support certification programs amid concerns about illicit sourcing from sensitive areas.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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32nd Annual Study of Logistics and Transportation Trends: Navigating a Shallow Pool of Resources

SCMR (Supply Chain Management Review)

Logistics operations are facing a human capital crisis that poses a threat to both performance and competitiveness. The 32nd Annual Study of Logistics and Transportation Trends examines how businesses are competing for talent, and adopting technology to stay ahead of the competition.

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How to automate certificate renewal in IBM Cloud Code Engine

IBM Supply Chain Blog

This blog will focus on the integration of IBM Cloud Code Engine and IBM Cloud Event Notifications along with IBM Cloud Secrets Manager to build a robust use case that will automate your certificate renewal process for applications in your code engine project. We will build a simple app using IBM Cloud Code Engine to update your secrets in a Code Engine Project.

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A Record Number of Supertankers Is Headed to Collect U.S. Oil

Supply Chain Brain

The glut of vessels racing to the U.S. Gulf even includes ships heading to the region on a speculative basis without any cargo booking, an industry practice known as ballasting.

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Panama Canal restrictions to stretch into 2024 as low water levels persist

Supply Chain Dive

The constraints have had a limited impact on cargo due to more blank sailings and earlier peak season activity, analysts say.

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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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Moody’s: Carbon Offsets Open Up Supply Chains to Financial, Reputational Risks

SCMR (Supply Chain Management Review)

A new report from Moody’s finds that companies that rely on buying carbon offsets as an emissions-reduction strategy could face financial and reputational harm.

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Unlock the power of generative AI with intelligent automation

IBM Supply Chain Blog

For business leaders exploring ways to apply generative AI within their companies, it can be difficult to discern where to start, what will scale easily and what will deliver the greatest ROI. But the answer may be much simpler than it seems: automation. When AI is integrated into automation technology it’s referred to as “intelligent automation,” and it’s a high-impact way for businesses to put generative AI to work.

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Watch: The Challenge of Perfecting Appointment Scheduling

Supply Chain Brain

Appointment scheduling in logistics has long been a manual process, prone to error and miscommunication. Thanks to automation, that's changing, says Tom Curee, president of Qued.

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Milk suppliers sour over carton shortage

Supply Chain Dive

Dairy suppliers and others cite Pactiv Evergreen as the supply problem’s source. Competitors are trying to step up production as beverage producers seek help.

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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