Sat.Nov 18, 2023 - Fri.Nov 24, 2023

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What Is The One “Single Source Of Truth” Procurement Keeps Missing?

Procurement Insights

You have shared another thought-provoking post , Joël Collin-Demers. As you know, Indirect MRO is an area about which I never get tired of talking. In my recent post, Are you chasing solutions or solving problems? (Part 1 of 3) I talk about an agent-based versus equation-based approach. Here is the link – [link] Everything you are talking about is excellent and on the money and will improve procurement.

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Sustainable Procurement: Top Implementation Strategies

All Things Supply Chain

Sustainable procurement has become more and more critical for businesses that want to reduce their environmental impact and improve their sustainable practices.

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Is it Safe to use an Online Contract Management System?

ProcurePort

Online Contract Management Safety Overview: Strong security measures, like encryption and access controls, are important for keeping online contract management systems safe. To deal with risks like data breaches and unreliable vendors, we need to be proactive. This means following rules and giving safety training to users. Strategic Considerations for Enhanced Safety: Collaboration and integration […] The post Is it Safe to use an Online Contract Management System?

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Procurement Career Advice Series

Una

Procurement Career Advice A series of resources sharing procurement career advice and exploring the skills needed to become a successful and impactful Sourcing Hero. 6 Reasons to Choose a Career in Procurement From finding a sense of purpose and developing essential skills to making an impactful difference when it comes to sustainability efforts, procurement offers a wide range of opportunities for professionals seeking a career path.

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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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Procurement tech’s latest developments – Simon Geale from Proxima

The Procuretech Podcast

In this episode of The Procuretech Podcast, host James Meads is joined by Simon Geale, VP of Procurement at leading UK-based consultancy Proxima. This is a fireside chat-style episode about the latest trends in procurement technology. Simon talks about his background and role at Proxima, and the company's focus on serving large enterprise clients with complex procurement problems.

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Enhancing Supply Chain Resilience: A Modular Approach

Supply Chain Brain

Achieving resilience in supply chains is essential, but it's crucial to implement measures carefully so they do not hinder or conflict with other competing priorities.

More Trending

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UPS expanding childcare program to boost warehouse retention

Supply Chain Dive

The initiative at a California hub offers on-site day care in emergency situations, which will expand to more company facilities in 2024.

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Using AI to Detect Supply Chain Fraud

SCMR (Supply Chain Management Review)

Detecting and reducing supply chain fraud can be done using artificial intelligence and the existing supply chain systems and the familiar transactions that they produce.

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The ROI of Resilience: How to Be Lean, Global and Resilient at the Same Time

Supply Chain Brain

Re-shoring or near-shoring factories, “just-in-case” inventories, and qualifying alternative suppliers are among the most common ways that companies are building resilience. However, these strategies come with tremendous complexity and a heavy price tag.

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Harvard Business Review: How Global Companies Use AI to Prevent Supply Chain Disruptions

Arkestro

As they strive to make their supply chains more resilient, global companies are grappling with two challenges: the difficulty in discerning potential sources and the extended time required to find, vet, and onboard new suppliers. Companies such as Walmart, Tyson Foods, Koch Industries, Maersk, Siemens, and Unilever are using AI tools to swiftly find and engage with alternative suppliers during unexpected disruptions.

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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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Can a 4-Day Work Week Work in Manufacturing?

Procurement Bulletin

This manufacturer tested a 4-day work week, this is what happened… Advanced RV, is a custom-build luxury motorhome manufacturer and one of the 200 global companies trialling a 4-day work week while keeping pay at the same level. The result? After initially seeing some drop-off in production, the company saw stabilized production and was able to maintain efficient production with the reduced work week.

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How to build a successful talent management strategy

IBM Supply Chain Blog

Advanced organizations know their greatest assets are their employees. However, keeping employees happy and engaged can be challenging, especially when considering available resources and the need to meet other organizational goals. An organization is only as strong as its talent pool, so organizations have increasingly embraced talent management as a core component of their overarching strategy.

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Watch: Data Trends in the Supply Chain Marketplace

Supply Chain Brain

Many third-party logistics providers gained an advantage from being early adopters of supply chain technology, but they soon met challengers in the form of pure-play technology providers, says Peter Weis, chief information officer and senior vice president at ITS Logistics.

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Walmart adding parcel stations for faster delivery, greater density

Supply Chain Dive

The retailer plans to have more than 40 stations, described as mini post offices, in its stores by the end of 2023.

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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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Where are they now?

Art of Procurement

News stories come and go but some have more ‘legs’ than others. While wars and politics and the economy can. The post Where are they now? appeared first on Art of Procurement.

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Level up your Kafka applications with schemas

IBM Supply Chain Blog

Apache Kafka is a well-known open-source event store and stream processing platform and has grown to become the de facto standard for data streaming. In this article, developer Michael Burgess provides an insight into the concept of schemas and schema management as a way to add value to your event-driven applications on the fully managed Kafka service, IBM Event Streams on IBM Cloud ® What is a schema?

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Efficiency, Ethics, and Data Privacy in the AI Revolution

Supply Chain Brain

We've only just begun to scratch the surface of AI's transformative potential, and navigating this landscape requires collective wisdom and ethical vigilance.

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How Pitney Bowes is preparing for the 2023 peak season

Supply Chain Dive

Much is at stake for the shipping provider's e-commerce logistics segment to reliably deliver for the holidays. Automation will play a big role.

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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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Coupa on driving meaningful ESG impact

Spend Matters

The term ‘ESG’ can mean a lot of things to different stakeholders such as regulators, customers, investors, employees and functional leaders — including procurement. ‘Environment,’ ‘society’ and ‘governance’ can be such broad, overwhelming concepts that the details of what each goal means in terms of an organization’s strategy and process can get lost in translation.

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Generative AI Video: An Uncut, Unedited Webinar Sneak Peek with Bill Michels, Rob Handfield, (and Dr. Marcell Vollmer*)

Procurement Insights

With 900 plus radio interviews under my belt as a host, plus numerous television and webinar appearances, the only thing I have enjoyed more than the live broadcasts are the green room discussions before going live. While the live events are energized and engaging, the raw, uncut, and unedited discussions have a different feel that is not as formal and can be unpredictable.

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What’s Hindering Efforts to Fight Global Food Fraud?

Supply Chain Brain

Considering the huge cost of food fraud in global supply chains, it might come as a shock to consumers to learn how weak are the current efforts to put a stop to it.

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Toyota, Redwood Materials expand deal to source recycled battery materials

Supply Chain Dive

The automaker is looking to create a circular supply chain that can make use of aging Prius models to help feed its growing electric vehicle production.

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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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Application modernization overview

IBM Supply Chain Blog

Application modernization is the process of updating legacy applications leveraging modern technologies, enhancing performance and making it adaptable to evolving business speeds by infusing cloud native principles like DevOps, Infrastructure-as-code (IAC) and so on. Application modernization starts with assessment of current legacy applications, data and infrastructure and applying the right modernization strategy (rehost, re-platform, refactor or rebuild) to achieve the desired result.

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How Machine Learning Works, Benefits and its Applications

SCMDOJO

When you think about machine learning, you might imagine robots learning as they interact with their surroundings. In numerous aspects, you’re not too far off. Within the specialized subject of artificial intelligence (AI), machine learning refers to the ability of systems and machines to learn from their experiences and get better without explicit programming.

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The Cold, Hard Truth About Enhancing Cold-Chain Management

Supply Chain Brain

As we settle into another flu season and updated COVID boosters become available, the focus on vaccine distribution and the cold-chain logistics industry remains sky-high.

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Schumer calls for USDA investigation into nationwide milk carton shortage

Supply Chain Dive

The New York senator is calling for help “to find packaging alternatives” and resolve the issue. Many point to Pactiv Evergreen as the source of the supply chain snarl, although no official cause has been confirmed.

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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.

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Using Machine Learning to Smartly Stock Grocery Stores

SCMR (Supply Chain Management Review)

Professor Kevin Shang of Duke University’s Fuqua School of Business has developed a machine-learning solution to allow grocers to stock optimal amounts of perishable food in their supply chains.

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At which point should end-to-end (S2C) source-customer visibility begin in the manufacturing process?

Procurement Insights

EDITOR’S NOTE: In December 2010, I wrote an article about one of Time Magazine’s picks for the Top Innovations in 2008 – Made-in-Transit Packaging. In my December 2019 post , Sorry, Charlie, there is something wrong with the world’s seafood supply chain I talked about consumer demand for tracking the seafood industry from source to plate.

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Using AI to Understand the Habits of Brick-and-Mortar Shoppers

Supply Chain Brain

Brick-and-mortar retailers are seeking out hi-tech ways of tracking the habits of flesh-and-blood shoppers while they’re in their stores.

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UAW strikes: What’s next for auto supply chains after labor deals?

Supply Chain Dive

As automakers ramp up production efforts, labor challenges and geopolitical risks may continue to plague operations, according to industry experts.

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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