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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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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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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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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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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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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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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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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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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???????‘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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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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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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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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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.

Logistics 105
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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 111
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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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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.

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10 Inventory Control Techniques That Are Evergreen

SCMDOJO

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. With effective inventory control templates, you can maintain an accurate record of your products, including their quantities, dimensions, location, and weight. The primary goal of inventory control is to reduce the costs associated with holding stock.

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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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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.

Sourcing 111
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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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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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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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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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Building on a year of focus to help IBM Power clients grow with hybrid cloud and AI

IBM Supply Chain Blog

At the beginning of the year, we laid out a new strategy for IBM Power under the leadership of Ken King, who will be retiring by the end of 2023 after forty years with IBM. It is with immense gratitude that I thank Ken for his leadership not only across IBM Power, but for his service to IBM in various roles spanning IP, strategy and software during his distinguished IBM career.

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro

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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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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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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 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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The Current and Future Use of Gen-AI in Supply Chains

AI isn’t the future. It’s here, now. 30% of businesses have invested in AI. Another 57% will do it in the next 12 months*. From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. But here’s the secret: success will only come from strong human-AI collaboration, reveals this new new Economist Impact report.