Sat.Mar 30, 2024 - Fri.Apr 05, 2024

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Navigating the Future: Emerging Careers in Supply Chain Logistics for Graduates

All Things Supply Chain

In today’s rapidly evolving global marketplace, the field of supply chain logistics stands at the forefront of innovation and efficiency, offering a wealth of opportunities for recent college graduates.

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Influence of Air on COGS

ABC of Procurement

Do you think air can not influence your COGS (Unless you sell compressed air)? It can, and here is a real example. The post Influence of Air on COGS first appeared on ABC of Procurement.

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Route to Market

Procurement Templates

Procurement Route to Market Template Introduction: Provide an overview of the project or requirement. Briefly outline the purpose of procurement. Objectives: Define the specific objectives of the procurement process. Clarify the desired outcomes and deliverables. Scope of Work: Detail the scope of work or services to be procured. Include any technical specifications or requirements.

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Why should I opt for E-procurement?

ProcurePort

Businesses are always looking for ways to make their operations more efficient and save money in the fast-paced digital world. One such avenue that has gained significant traction in recent years is electronic procurement, commonly known as e-procurement. E-procurement uses digital tech to streamline the procurement process, from finding suppliers to buying and managing contracts. […] The post Why should I opt for E-procurement?

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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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CPO Crunch: Why do you do what you do?

Procurement Leaders

An exercise we’ve carried out on a few occasions over the years at Procurement Leaders has been to ask chief procurement officers to share the value propositions they have in place for their function. It’s useful because it forces extremely busy people to take a step back and think deeply about why they do what they do. What are the ultimate goals of those negotiations with suppliers?

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Even with +1, China is still #1

Art of Procurement

China’s role in the global supply chain is changing right before our eyes, leaving foreign buyers to feel the discomfort. The post Even with +1, China is still #1 appeared first on Art of Procurement.

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How to Choose the Best Suppliers with E-Sourcing Software

ProcurePort

In today’s fast-paced business environment, maintaining a competitive edge requires innovation and efficiency. Businesses can improve operations by using e-sourcing software for procurement. It is a game-changer in this area. Let’s delve deeper into how e-sourcing software can revolutionize procurement processes and drive bottom-line growth.

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UPS wins US Postal Service air cargo contract, usurping FedEx

Supply Chain Dive

The delivery giant will ramp up its activity with the agency after a transition period, eventually moving the majority of its domestic air cargo.

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Top Performers Investing in, Benefitting from AI

SCMR (Supply Chain Management Review)

Top-performing supply chains are investing in AI/ML at twice the rate of lower-performing supply chains, and they are using those investments to drive business momentum, Gartner has found.

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With Suppliers Running at Near-Capacity, Is the ‘COVID Effect’ Finally Fading?

Supply Chain Brain

Are global supply chains finally shaking off the after-effects of the pandemic? The latest findings from GEP’s Global Supply Chain Volatility Index suggest that might be the case.

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GEP Procurement & Supply Chain Tech Trends Report

The technological landscape is dynamic and changes quickly. And for procurement and supply chain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supply chain for the year ahead?

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Meet AI in Vendor Management Systems

Spend Matters

Over the last several years, a mix of traditional and generative AI (GenAI) have made their way into vendor management solutions and changed how contingent labor and service workers are engaged and managed. This started with the adoption of traditional AI, which is now common to almost every VMS tool that enters the market. GenAI has more recently begun to appear in newer VMS tools through large language Models (LLMs), providing the creation of outputs not seen with traditional AI.

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Taiwan earthquake’s impact on chip industry likely to be ‘moderate,’ experts say

Supply Chain Dive

The island is home to nearly all of the world’s most advanced chip production, making even small delays precarious for semiconductor supply chains.

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Essential Freelance Procurement Contract Management Tips

Procurement Freelancers

Good contract management acts as a compass in the maze of freelance work. It guides… The post Essential Freelance Procurement Contract Management Tips first appeared on Procurement Blog | Procurement & Supply Chain News.

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Baltimore Ship Accident Has East Coast Ports Scrambling to Absorb Cargo

Supply Chain Brain

U.S. East Coast ports are modifying their operations to absorb cargo diverted from Baltimore harbor, where salvage specialists are clearing debris from the destroyed Francis Scott Key Bridge.

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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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Q1 2024 Insider roundup: A deep dive into AI; following procurement tech market movements; updated coverage of 18 vendors

Spend Matters

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

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Forwarders share insights on navigating the Baltimore bridge collapse

Supply Chain Dive

Ceva Logistics, AIT Worldwide Logistics are encouraging shippers to maintain open communication and tap real-time visibility tools to keep tabs on diverted shipments.

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Using generative AI to accelerate product innovation

IBM Supply Chain Blog

Generative artificial intelligence (GenAI) can be a powerful tool for driving product innovation, if used in the right ways. We’ll discuss select high-impact product use cases that demonstrate the potential of AI to revolutionize the way we develop, market and deliver products to customers. Stacking strong data management, predictive analytics and GenAI is foundational to taking your product organization to the next level. 1.

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Five Trends That Will Drive Supply Chain Success in 2024

Supply Chain Brain

Logistics and supply chain professionals are moving away from the short-term survival thinking that characterized the pandemic period.

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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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Meet AI in Intake and Orchestration

Spend Matters

Artificial intelligence (AI) comes in many different forms (for a complete history of AI in procurement, check out our recently published autoaugmentation series) and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry. This article explores the current state of AI in the intake and orchestration marketspace, including a capabilities overview, a high-level market overview and an introduction to the emerging field o

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Apparel execs urge sourcing diversification amid geopolitical risks

Supply Chain Dive

Executives at an American Apparel & Footwear Association event underscored the need to find alternative sourcing as U.S.-China relations continue to fray.

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Pain Ahead for Chocolate-Lovers

Procurement Bulletin

Pain Ahead for Chocolate-Lovers We mentioned this just a couple of weeks ago, but cocoa futures has reached new highs this past week. The shortages in cocoa supply are mainly due to climate and weather events which can severely affect commodity prices such as cocoa. Baltimore Bridge Collapse In an absolutely tragic accident, a Sri Lankan-bound container ship lost power and rammed into the Fraser Scott Key bridge in Baltimore, almost collapsing the entire bridge.

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6 Ways to Improve Packing and Packaging in 2024

Supply Chain Brain

With e-commerce demand spiking in 2020 and returning to a more level growth pattern in 2023, supply chains need to remain agile. Consumer behavior, technological advancements, environmental concerns, and market dynamics all influence how shippers evaluate process improvements today.

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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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Episode 159: All Travel is Personal with J. Grant Caplan

Una

EPISODE 159 All Travel is Personal with J. Grant Caplan By Kelly Barner | April 3, 2024 It goes without saying that travel has changed since the pandemic – although not in the way most of us might assume. There have certainly been adjustments to logistics and expectations, but, most of all, companies are doing a better job of recognizing the wellness considerations intertwined with business travel, and finding purposeful ways to accommodate their travelers without onerous increases to the

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Baltimore port channel set to fully reopen by end of May

Supply Chain Dive

The Army Corps of Engineers is working to open a temporary channel for auto and farm equipment shipments by the end of April.

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The convergence of HPC and AI: Driving innovation at speed  

IBM Supply Chain Blog

In today’s rapidly changing landscape, delivering higher-quality products to the market faster is essential for success. Many industries rely on high-performance computing (HPC) to achieve this goal. Enterprises are increasingly turning to generative artificial intelligence (gen AI) to drive operational efficiencies, accelerate business decisions and foster growth.

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Learn how to use AI for Lead Generation, Content Development, and Branding with ChatGPT

Supply Chain Brain

This in-depth training is your gateway to harnessing the power of artificial intelligence, propelling your lead generation strategies, showing industry expertise, becoming a valued authority in the supply chain space, and giving your company the opportunity to be “famous” by being quoted or interviewed in the media.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.

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How would you answer the question: how do I apply AI in procurement?

Procurement Insights

The above question is nothing unique except for one thing—it is the perfect example of the power of peer-to-peer social engagement and interaction. It is also the perfect example of how solution providers should pause and listen to become a part of the practitioner dialogue versus trying to control it by pumping out “look at us” information or touting the features, functions, and benefits of their “AI technology.” Over the past 40-plus years, I have been in high-tech and

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Stop doom-scrolling your supply chain

Supply Chain Dive

Disruption is the reality of the modern world. How can you ensure your supply chain handles it without total fallout?

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Exploring architectural choices: Options for running IBM TRIRIGA Application Suite on AWS with Red Hat OpenShift

IBM Supply Chain Blog

IBM ® TRIRIGA ® Application Suite (TAS) is a market-leading  integrated workplace management system for organizations managing their facility portfolios and assets throughout their lifecycle efficiently. It helps organizations optimize their workplace experience , facility resource scheduling, facility strategic planning, lease accounting and asset disposal, and manage their transactions, capital projects , space , facility maintenance and facility sustainability.

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How to Optimize Your Warehouse Space to Improve Productivity and Achieve Growth

Supply Chain Brain

Even though today’s supply chains are faster and more competitive than ever, warehouse operations managers and stakeholders have settled for outdated and problematic warehouse designs. In fact, many warehouses haven’t changed since their original configurations years ago, even as the demands placed on those warehouses have evolved.

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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