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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Adapt or Perish: Safeguarding Your Fleet in an Era of Logistics Evolution

Speaker: Jeff Dickinson - Host of “The Storytelling Chronicles: Life, Lessons & Logistics with The Bodacious Cowboy" Podcast, 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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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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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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AI assistants optimize automation with API-based agents

IBM Supply Chain Blog

Generative AI-powered assistants are transforming businesses through intelligent conversational interfaces. Capable of understanding and generating human-like responses and content, these assistants are revolutionizing the way humans and machines collaborate. Large Language Models (LLMs) are at the heart of this new disruption. LLMs are trained on vast amounts of data and can be used across endless applications.

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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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Strategic Cost Management Approaches to Unlock Growth and Increase Profitability

How can businesses gain a competitive edge in an era marked by relentless competition and economic fluctuations? The secret is mastering strategic cost management strategies. This GEP bulletin, "Strategic Cost Management Approaches to Unlock Growth and Increase Profitability," breaks this down into clear, actionable steps. Discover how these strategies can boost your enterprise's financial health, helping not only to keep up but to excel in today's market.

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Making What We Buy Sustainable Is Just The Start

Positive Purchasing

A Wider Horizon You will be familiar with the idea of optimizing what you buy. You may already be challenging what the business is specifying and have questioned the ‘needs’ versus ‘wants’ within each buying decision. Now, with the need to move beyond price and security of supply to sustainable and ethical sourcing, procurement must become a more strategic and proactive function.

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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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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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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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The Art of Consistent Perfect Order Delivery: Smart Order Fulfillment Through Orchestration

Shippers and logistics service providers are pressured to match the “Amazon effect” for fast and efficient service across multiple B2C, B2B, and D2C channels. Perfect order delivery - on-time and in-full at the lowest possible cost – is critical. However, recent surveys of supply chain stakeholders reveal that many don't have the technology necessary to achieve it.

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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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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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Why serverless technology is the next big movement

IBM Supply Chain Blog

Over the past decade, we’ve seen serverless computing take the cloud computing world by storm. Serverless is a cloud computing application development and execution model that enables developers to build and run application code without provisioning or managing servers or backend infrastructure. When developers first started using serverless technology, they were mostly only using it for Function-as-a-Service, or FaaS.

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Party City-owned balloon supplier files for bankruptcy

Supply Chain Dive

Anagram entered Chapter 11 amid uncertainty around the manufacturer’s supply contract with the retailer, which is its corporate parent and largest customer.

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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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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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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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Optimize APIs with API security best practices

IBM Supply Chain Blog

Enterprise businesses are continuing to move toward digitalized and cloud-based IT infrastructures. Digital systems enable unprecedented flexibility, scalability and speed when compared to their more traditional, on-premises counterparts. However, digital infrastructures are highly dependent on application programming interfaces — or APIs — to facilitate data transfers between software applications and between applications and end users.

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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.

Suppliers 112
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Exploring the Advantages and Hurdles of Direct Store Deliveries

Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027. Download this eBook for exclusive insights into direct store deliveries, challenges, benefits, and future trends.

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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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Biden Administration Awards $653M in Grants to Upgrade U.S. Ports

Supply Chain Brain

Officials for the Biden administration said the projects will allow ports to meet increased shipping demands while improving worker safety and lowering costs for consumers.

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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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???????‘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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Five Best Practices for Balancing Costs, Risks, and Sustainability

In the face of volatile macroeconomic conditions and other complex challenges, supply chain and procurement pros must strike a tough balance between seemingly contradictory demands: boosting performance and sustaining and extending business operations, all while meeting customers’ needs. This GEP paper provides impactful tips on how to develop a strategic procurement approach that focuses on collaboration, innovation, and sustainability.

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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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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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The History of Malware: A Primer on the Evolution of Cyber Threats

IBM Supply Chain Blog

Malware , a portmanteau of “malicious software,” refers to any software, code, or computer program intentionally designed to cause harm to a computer system or its users. Virtually every modern cyberattack involves some type of malware. These harmful programs can range in severity from highly destructive and costly ( ransomware ) to merely annoying, but otherwise innocuous (adware).

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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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CEVA Logistics Drives Agile, Multi-Leg Inbound Flows for Tech Company

CEVA Logistics, a global leader in third-party logistics, was contracted to help a technology company manage its complex supply chain, supporting B2B, B2C, and reverse flows across multi-leg transport. CEVA leveraged Kinaxis to eliminate blind spots across supply chain activities, centralize order and logistics management, and drive cost-effective plans for order execution.