Sat.Oct 19, 2024 - Fri.Oct 25, 2024

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4 Challenges in Supply Chain Digitization and Solutions

All Things Supply Chain

In an era where technological advancements are necessary for staying competitive, the digitization of supply chains represents a pivotal shift in operational excellence.

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The revenue generation

Procurement Leaders

There are many ways that procurement brings financial value to an organisation – from the consistent delivery of year-on-year savings and cost avoidance to the strengthening of working capital positions and cash flow. But perhaps the most progressive of impacts that CPOs can pursue is to drive revenue generation – using procurement’s powers and relationships to deliver top-line impact.

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2024 U.S. Presidential Election Special Series

Art of Procurement

There are two weeks to go until the 2024 U.S. Presidential Election. Interest, speculation, and tension have been building all. The post 2024 U.S. Presidential Election Special Series appeared first on Art of Procurement.

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Amazon to end same-day delivery service from retailers’ local stores

Supply Chain Dive

The program, called Amazon Today, will operate until Jan. 24 as the company looks to reduce overlap in its fast shipping offerings.

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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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How Additive Manufacturing Is Reshaping U.S. Industries and Supply Chains

Supply Chain Brain

In recent years, reshoring has evolved from a strategic consideration to a central priority for both policymakers and businesses. A key element of the reshoring push is additive manufacturing.

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The value (ROI) of risk management

Spend Matters

As part of our third-party/supply chain risk management (TPRM/SCRM) series, today we address the ROI of risk management. As we inferred in our exploration of the types and sources of risk, risk management done well can reap rewards, just as risk management ignored can reap chaos. The breadth and depth of risk types and sources can be overwhelming for organizations and even costly if left unchecked.

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McDonald’s sues Tyson, JBS and other beef producers for allegedly fixing prices

Supply Chain Dive

The fast food giant, which is the world's largest buyer of beef, alleges major meat companies conducted illegal acts to drive down supplies.

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How to Deploy Multi-Tier Supply Chain Intelligence for Resilience

Supply Chain Brain

Multi-tier supply chain intelligence has the potential to strongly enhance the resilience of the supply chain, making it an invaluable asset to organizations.

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Spendscape by McKinsey: Vendor Analysis (Part 1) — Spend and CO2 analytics solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Spendscape by McKinsey and its solution for spend and CO2 analytics. Analytics are vital to the success of a procurement team, as data-driven decision making, improving efficiency and productivity, risk management, cost reduction and much more all depend on solid analytics. While many tools include analytics in the loosest sense, it takes an expertly designed analytics-focused tool to deliver the full value possible.

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2024 Procurement Success: AI, Sustainability & Risk Tips

Procurement Freelancers

Are You Trying to Stay Ahead as a Procurement Professional in 2024? With all the… The post 2024 Procurement Success: AI, Sustainability & Risk Tips first appeared on Procurement Blog | Procurement & Supply Chain News.

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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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Unwrapping Hershey’s $250M supply chain upgrade

Supply Chain Dive

The chocolate maker's Advancing Agility and Automation Initiative leans on digitization to boost visibility and optimize manufacturing and procurement.

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DOE Awards $428M to Address 'Critical' Energy Supply Chain Needs

Supply Chain Brain

The projects selected are each focused on one of five areas: energy grid components, batteries, low-carbon materials, clean power generation, and energy-efficient products.

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Spend Matters Future 5 2024 – Introducing COVALYZE

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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Navigating the Future of Procurement: Harnessing AI and Automation for Strategic Success

Arkestro

In today's fast-paced business environment, procurement teams are often trapped in reactive cycles, limited from providing strategic foresight.

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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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Arkansas could be a lithium treasure trove

Supply Chain Dive

The state’s Smackover Formation region may contain up to 19 million tons of the critical mineral, more than enough to meet projected global demand in 2030.

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USPS Proposes End to Dual Shipping Label Policy

Supply Chain Brain

Private shippers will typically use dual labels to identify both the USPS and a private mail carrier as possible delivery agents for a parcel.

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Zoom in on Geopolitical Risk

Spend Matters

Geopolitical supply chain risk covers conflicts and political issues and actions across the world that affect regions and borders, economic issues (around the likes of regulations, commodities, natural resources and trade), military risks (around foreign policy and escalating conflict) and social risks (around environment, health outbreaks and safety).

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The last 30 seconds of Kris Timmermans’ DPW presentation is shocking – but not in a good way

Procurement Insights

The following is a DPW post on LinkedIn : Why do some companies scale AI while others get stuck in the proof of concept stage? Accenture research reveals that 75% of executives fear their business won’t survive without scaling AI in the next 5 years. Yet, 76% are struggling to make it happen. At hashtag#DPWAmsterdam , Accenture’s Kris Timmermans highlighted 3 key factors that drive the shift from experimental to exponential AI impact.

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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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UPS’ Happy Returns taps into Geek+ sorting robotics

Supply Chain Dive

The provider’s Pennsylvania hub is seeing reduced processing times by leveraging 150 robots to help handle returns volume.

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Oregon Looks to Build West Coast's First Ship-to-Rail Port Terminal

Supply Chain Brain

Roughly two million import and export containers are expected to move through the Port of Coos Bay each year once the new terminal is up and running.

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Amazon Business Reshape 2024

Spend Matters

During the week of September 23, I represented Spend Matters at the Amazon Business Reshape 2024 event in Dallas, Texas. The event, which hosted over 1,100 attendees (a 28% year-over-year increase), detailed Amazon Business’s growth, revealing that it has reached over $35 billion in annualized sales and serves more than 6 million business customers.

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Best Strategic Purchasing Approaches for 2024

Procurement Freelancers

Everyone Is Feeling the Pinch Costs are going up, and things feel risky. You might… The post Best Strategic Purchasing Approaches for 2024 first appeared on Procurement Blog | Procurement & Supply Chain News.

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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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Air freight demand largely unfazed by ILA port strike

Supply Chain Dive

Shippers took early action to avoid strike-related backlogs. Experts urge similar strategies ahead of another potential stoppage in January.

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Can U.S. Ports Find Middle Ground on Automation Before Second Strike?

Supply Chain Brain

As negotiations between the ILA and USMX continue, the issue of automation at ports remains a point of contention.

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Spendscape by McKinsey: Vendor Analysis (Part 2) —  Spend and CO2 analytics product-level strengths and opportunities, voice of the customer, competitors and market analysis, user considerations, analyst commentary and summary

Spend Matters

This second part of the Spend Matters Vendor Analysis on Spendscape by McKinsey’s spend and CO2 analytics solution details its strengths and opportunities. It also looks at the voice of the customer and what considerations may factor in choosing Spendscape as a potential solution provider. Part 1 of the series provided a history and overview of Spendscape’s solution and the solution’s roadmap/vision.

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What Is Procurement?

Procurement Insights

Here is an excerpt from a LinkedIn post by Jose Bustillio that caught my attention this morning: I stepped into the room. The energy was great! Everyone was dressed to impress, and the music? It was loud, but the kind that makes you want to move. You know that feeling, right? Lol. I couldn’t help but start to dance a little, but just discreetly, lol.

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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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Top UPS shippers temper holiday volume forecasts

Supply Chain Dive

A condensed peak season is expected to increase in-store shopping activity, which could blunt home delivery demand.

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EU Considers Tariff Hikes on More Russian Agricultural Goods

Supply Chain Brain

Several EU member states eager to limit Moscow’s revenues have been urging the bloc to impose sweeping levies on agricultural and fish imports from Russia.

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Spend Matters Future 5 2024: Why we chose COVALYZE

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, Halo Ai , ivoflow and True ValueHub. 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 applic

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Procurement Strategy And The Human Element

Procurement Insights

EDITOR’S NOTE: The following is the discussion stream resulting from a thought-provoking interview between Shaun Syversten and David Loseby which illustrates perfectly why the agent-based model is critical to ProcureTech initiative success. Shaun Syversten: “Economics, unfortunately, as originally conceived” – “many others probably before” How much do you rely on logic when making decisions in procurement?

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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.