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

article thumbnail

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.

article thumbnail

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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?

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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

article thumbnail

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.

article thumbnail

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.

127
127
article thumbnail

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.

Ethics 127
article thumbnail

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.

Strategy 107
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

126
126
article thumbnail

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.

article thumbnail

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?

article thumbnail

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,

article thumbnail

How 3PLs Ensure Fresh Produce Supply for Thanksgiving Feasts

SCMR (Supply Chain Management Review)

While most people sit at the Thanksgiving dinner table and enjoy the feast before them, few recognize the role logistics and the broader supply chain play in getting the food to the table.

Supply 103
article thumbnail

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.

Logistics 110
article thumbnail

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.

Inventory 116
article thumbnail

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.

article thumbnail

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

article thumbnail

Toy Imports Down, But Still at Pre-COVID Levels

SCMR (Supply Chain Management Review)

While toy imports are down 30% year-over-year, they remain at 2019 pre-COVID levels, suggesting this holiday season may not be all doom and gloom for retailers.

Import 104
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

GEP Outlook Report 2024

Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Whether from geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

Sourcing 105
article thumbnail

The Art of Consistent Perfect Order Delivery: Smart Order Fulfillment Through Orchestration

Shippers and logistics service providers are pressured to match the “Amazon effect” for fast and efficient service across multiple B2C, B2B, and D2C channels. Perfect order delivery - on-time and in-full at the lowest possible cost – is critical. However, recent surveys of supply chain stakeholders reveal that many don't have the technology necessary to achieve it.

article thumbnail

Unlocking Shareholder Value: Mastering the Supply Chain

SCMR (Supply Chain Management Review)

The supply chain provides a means for mid-cap companies to improve shareholder and equity value, if they pull the right levers

article thumbnail

Business leaders highlight the need for a hybrid cloud approach to unlock the power of generative AI

IBM Supply Chain Blog

In 2023, organizations have faced an unprecedented level of pressure to digitally transform with the rise of generative AI as well as imperatives such as sustainability, labor productivity and security. The “ Cloud Transformation Report ,” a new global survey from the IBM Institute for Business Value (IBV), found that many leading enterprises share a common foundation to digital transformation—a clear hybrid cloud strategy.¹ These businesses cite several key benefits to us

article thumbnail

Novo Sees European Ozempic Shortages Continuing into 2024

Supply Chain Brain

For both medicines, shortages will get worse as the end of this year approaches, according to a letter to healthcare professionals published November 21 by the European Medicines Agency

104
104
article thumbnail

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.

article thumbnail

Exploring the Advantages and Hurdles of Direct Store Deliveries

Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027. Download this eBook for exclusive insights into direct store deliveries, challenges, benefits, and future trends.