Sat.Oct 05, 2024 - Fri.Oct 11, 2024

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Labor shortage and its impact on the supply chain

All Things Supply Chain

Imagine a bustling port, filled with cargo containers waiting to be loaded and shipped across the world. But instead of swift, efficient movement, operations have slowed to a crawl. Why?

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How Gilead segments suppliers for Scope 3 greenhouse gas emissions

Procurement Leaders

Challenge Pharmaceutical company Gilead has a well-established supplier emissions-reduction programme and science-based targets, but aims to increase its use of primary data – especially among suppliers it considers most critically important. While some of those vendors already have programmes in place, others need more support and encouragement. The Foster City, California-headquartered business has devised a segmentation model to ensure that engagement is focused where it will have the greates

Suppliers 130
professionals

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Why Inventory Management Isn't Just for Christmas

Supply Chain Brain

If you’ve built up a reputation throughout the year for delivering on convenience, you will stand a much stronger chance of winning in the upcoming "golden quarter.

Inventory 116
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CPO Crunch: The future’s bright

Procurement Leaders

I’m sure USAA CPO Russ Major (pictured above) won’t mind me sharing how excited he is about the future. We were speaking at Procurement Leaders’ Tomorrow’s Procurement Leader event in Austin, Texas, following his speech about the impact of his ongoing transformation at the $42bn-revenue insurance and banking group that serves current and former members of the US armed forces.

Data 130
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Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.

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Procurement Teams ‘Need to Think Ten Times Bigger’ DPW Founder Says

Supply Chain Brain

DPW predicts that 2025 will see a concerted drive towards a digital revolution in procurement, signaling a shift from operational technologies to more strategic, relationship-driven solutions.

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East and Gulf Coast Port Strike – Part 1

Art of Procurement

“Let me be clear: we don’t want any form of semi-automation or full automation. We want our jobs—the jobs we. The post East and Gulf Coast Port Strike – Part 1 appeared first on Art of Procurement.

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Spend Matters Future 5 2024 – Why we chose BlueBean

Spend Matters

Spend Matters is delighted to announce the 2024 roster for our ‘Future 5’ list. For the sixth year in a row, our analysts have highlighted five start-ups that excited them the most. This year, the five companies that have proven themselves as potential future trend setters are BlueBean, Covalyze, HaloAi, Ivoflow and True Value Hub. Today we are sharing the reasoning behind our selection of BlueBean.

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When Ports Go Silent: Proactive Supply Chain Strategies for Manufacturers

Supply Chain Brain

Most manufacturers believe they're prepared for supply chain disruptions because they have contingency plans in place. In reality, those plans are often fragmented and short-term in focus.

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SCMDOJO vs CSCP Supply Chain Certification: My Personal Experience as a Supply Chain Professional

SCMDOJO

As someone deeply invested in the field of supply chain management, I’ve had the opportunity to explore and interact with various learning platforms throughout my career. Two of the most prominent platforms for learning in this domain are the CSCP Supply Chain Certification (Certified Supply Chain Professional), offered by the Association for Supply Chain Management (ASCM) , and SCMDOJO , a platform I’ve personally developed to address the gaps I identified in other learning environments.

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Data: The backbone of the modern supply chain

Supply Chain Dive

Discover how high-quality data powers the modern supply chain, enabling advanced technologies and fostering seamless collaboration.

Data 127
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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.

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Ivalua: Vendor Analysis (Part 2) — P2P solution product-level strengths and opportunities, competitors and market analysis, voice of the customer, user considerations, analyst commentary and summary

Spend Matters

Part 2 of this Spend Matters Vendor Analysis focuses on the strengths and opportunities of Ivalua’s P2P solution. We will also look at the voice of the customer and the elements to consider when looking at Ivalua as a potential solution provider. Part 1 of the series provided a history and overview of Ivalua’s P2P solution as well as Ivalua’s roadmap/vision.

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Breaking the Supply Chain Bottleneck: Tackling 2024's Shipping Challenges

Supply Chain Brain

In an increasingly unpredictable global market, the ability to adapt quickly and make informed decisions will be key to sustaining efficient operations and meeting growing consumer demand

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SCMDOJO vs CSCP Supply Chain Certification: My Personal Experience as a Supply Chain Professional

SCMDOJO

As someone deeply invested in the field of supply chain management, I’ve had the opportunity to explore and interact with various learning platforms throughout my career. Two of the most prominent platforms for learning in this domain are the CSCP Supply Chain Certification (Certified Supply Chain Professional), offered by the Association for Supply Chain Management (ASCM) , and SCMDOJO , a platform I’ve personally developed to address the gaps I identified in other learning environments.

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Inside UPS’ push to double its healthcare logistics business

Supply Chain Dive

Acquisitions and organic growth will help the company reach the challenging goal by 2026, VP Daniel Gagnon told Supply Chain Dive.

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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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Spend Matters reveals the ‘50 Providers to Know,’ ‘50 Providers to Watch,’ ‘Future 5’ start-ups and ‘Hall of Fame’ lists for 2024

Spend Matters

After 12 months of intense assessment and debate, Spend Matters is delighted to release the 2024 ‘ 50 Procurement Providers to Know ’ and ‘ 50 Procurement Providers to Watch ’ lists. This year celebrates 11 consecutive years of these lists, released in conjunction with the sixth year of recognizing five innovative procurement tech startups — the Future 5 — and the newly launched Hall of Fame.

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Green Hydrogen Will Be Far Costlier Than Estimated, Harvard Scientists Find

Supply Chain Brain

A growing number of countries are pushing to make hydrogen a key part of their emissions-cutting strategies, particularly for energy-intensive industries.

Strategy 115
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Is it time for practitioners to build their “own” ProcureTech solutions?

Procurement Insights

What’s old is new again. Given the high rate of GenAI ProcureTech implementation failures, I have been expecting that larger enterprises will start to repatriate the development of procurement and supply chain solutions in-house. I even wrote several articles going back a decade or so – the most recent one from 2023 is included later in this post.

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UPS prepares 5.9% rate increase starting at peak season’s end

Supply Chain Dive

The delivery price hike, which takes effect Dec. 23, is among several tweaks the carrier is planning over the next few months.

Price 122
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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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Ivalua: Vendor Analysis (Part 1) — P2P solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

Spend Matters

Procurement technology has evolved tremendously over the past five years and among the many S2P platforms that truly deserve recognition, Ivalua’s solution stands out as a top contender. As an analyst, I’m witnessing rapid technology advances, which lead me to a vision of a future where procurement operations are as seamless and intuitive as managing a highly automated network.

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Why Manufacturers Are Failing in Their AI Initiatives

Supply Chain Brain

Artificial intelligence has the power to transform manufacturing — but the industry’s current strategy for implementing it is “deeply flawed.

Strategy 121
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DPW Remote Dispatch: To Build Or Not To Build In-House

Procurement Insights

EDITOR’S NOTE: Here is a quick synopsis from a session that speaks directly to my recent post: Is it time for practitioners to build their “own” ProcureTech solutions? Below are the highlights from Kearney’s presentation this morning. Have a read, and I will follow up with another post later today, sharing my thoughts. The survey was with 200 procurement executives (CPO, digital leads) in large companies (min 1bn majority was 5-20bn in revenue) In a nutshell, they almost considered t

Budget 69
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Amazon wants to hire 250K for the holidays again

Supply Chain Dive

For the second consecutive year, the company is planning a major round of hiring to sustain its fulfillment and transportation operations during its busiest quarter.

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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

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Webinar — Unmasking the tricks behind the 50/50 lists

Spend Matters

Join the Spend Matters Analyst Team on October 31 at 10:30 EST as they host “ Unmasking Procurement Excellence: A look at the 2024 Spend Matters 50/50 Lists ,” a webinar covering this year’s 50 to Watch, 50 to Know and Future 5 lists. Each year, the Spend Matters analysts spend months whittling down the hundreds of procurement solutions they have seen and demoed over the year into these three lists.

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Unlocking the People Potential in Supply Chain

Supply Chain Brain

In this session, we will discuss how supply chains should harness the collective potential - meaning the potential of the individual, the community and technology to drive productivity, business growth and achievement of enterprise objectives.

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Starbucks Experiments with Weatherproof Coffee

Procurement Bulletin

Handling the Supply Chain Talent Shortage Apparently there’s a shortage of talent in the supply chain and logistics fields, and universities are trying to catch up to providing adequate foundational knowledge in the area. The Bureau of Labor Statistics projects there will be a 19% increase in hiring within the logistics industry between now and 2033.

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Walmart automates supply chain facilities in Arizona, Arkansas

Supply Chain Dive

The retail giant is equipping the regional distribution centers with technology in a bid to double productivity.

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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 2024 – Introducing BlueBean

Spend Matters

Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Discover everything you need to know about these accolades here, including who is on them. For the Future 5, Spend Matters analysts scour the market to find new specialist solution providers that can answer a burning need of procurement practitioners today.

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Discover how Lippert Transformed its Supply Chain with Kianxis

Supply Chain Brain

The automotive supply chain has never been more challenging. From the rapid shift to electric vehicles and skyrocketing costs to raw material shortages, geopolitical tensions, and volatile market demands, suppliers face pressures that can define their success or failure.

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Key Differences Between Sourcing Agents and Companies

Procurement Freelancers

You may have heard of sourcing agents and sourcing companies if you want to buy… The post Key Differences Between Sourcing Agents and Companies first appeared on Procurement Blog | Procurement & Supply Chain News.

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The ILA strike is over. What should shippers prioritize now?

Supply Chain Dive

While the strike was short-lived, it could take weeks to clear cargo backlogs and bring ports back to normal operations.

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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.