September, 2023

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Spend Matters: Uniting manufacturing CFOs and procurement for margin expansion

Arkestro

As the economy teeters between a so-called ‘soft landing’ and all-out recession, an emerging consensus across C-suites has taken shape: the time to cut costs is now. Once again, all eyes are on procurement. A recent study from CreditSafe showed an eye-popping 95% of North American manufacturers plan to push for cost reductions with their suppliers in the next six to twelve months.

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Nerves of U.S. Steel

Art of Procurement

“You can’t unscramble eggs.” – J.P. Morgan U.S. Steel was formed in 1901 when J.P. Morgan financed the merger of. The post Nerves of U.S. Steel appeared first on Art of Procurement.

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7 focus areas for negotiating procurement contracts

Supply Chain Dive

Reviewing clauses and KPI disclosures can help procurement managers minimize supply chain risks.

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The power of supplier diversity in procurement: Driving business success through inclusion — Part 1 (Definition and Importance)

Spend Matters

In today’s diverse society, businesses have a crucial role to play in fostering equality and inclusion. However, the business world often needs to improve to reflect the true diversity of society, both within companies and in their supply chains. To bridge this gap, organizations are increasingly embracing the concept of supplier diversity in their procurement processes.

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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

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Niger Coup Heightens Worries Over France’s Uranium Reliance

All Things Supply Chain

In the Sahel region of Africa, political instability and corruption has run rife since decolonisation from European nations. Arbitrary borders were drawn without the consideration of who they will affect.

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China State Media Declares Huawei Phone a Victory in U.S. Tech War

Supply Chain Brain

Speculation swirled that the device achieved 5G capabilities, which would make it the first such handset since the Shenzhen-based electronics firm lost access to advanced chipmaking technologies in 2020.

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Reliable Middle Mile for the Unreliable World

SCMR (Supply Chain Management Review)

Transportation planning for the furniture and home goods industry presents a complex puzzle, and traditional planning methods often fail to account for the inherent randomness and variation in real-world operations.

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UPS gains critical exemption to operate drones beyond line of sight

Supply Chain Dive

A new ground-based surveillance system will allow UPS to fly Matternet M2 drones without a visual line of sight throughout the route, setting the stage for increased delivery activity.

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The power of diversity in procurement: Driving business success through inclusion — Part 3 (Technology)

Spend Matters

In today’s diverse society, businesses have a crucial role to play in fostering equality and inclusion. However, the business world often needs to improve to reflect the true diversity of society, both within companies and in their supply chains. To bridge this gap, organizations are increasingly embracing the concept of supplier diversity in their procurement processes.

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Supply Chain Weekly Wrap-Up 09/01/2023-09/07/2023

All Things Supply Chain

First American Uranium Reports on New Mexico’s Past Uranium Mining First American Uranium is highlighting the historical uranium production in New Mexico, particularly in the Grants district, where the company’s…

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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.

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Strategic Responses to Supply Chain Trends

Supply Chain Brain

Companies are always going to face the unexpected and unpredictable. The hard part is knowing how to prepare for these supply chain trends strategically.

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Mainframe and the cloud? It’s easy with open source

IBM Supply Chain Blog

This is part four in a five-part series on mainframe modernization. The secret to mainstreaming the mainframe into today’s modern, cloud-centric IT environments is to make the experience of working with the mainframe like the experience of working off the mainframe—especially the developer experience (DX). Historically, working on the mainframe was an entirely different experience from the distributed world.

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Elevating the Last Mile: Transformative Trends and Customer-Centric Evolution in E-commerce

SCMR (Supply Chain Management Review)

The proliferation of e-commerce and the imperative for an omnichannel fulfillment experience has culminated in the advancement of the final mile. But even that is now being disrupted by technology that puts the customer front and center in the supply chain.

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Dollar General braces for $95M profit hit as it clears inventory

Supply Chain Dive

While it works to reduce stock levels, the discounter is also investing in new planning tools to help manage flows at stores and distribution centers.

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How One Manufacturer Used GEP SOFTWARE To Save $45M in Direct Material Sourcing

For global manufacturers, managing direct and indirect material spend can get very complicated very quickly. Multiple legacy systems prevent procurement from standardizing processes and tracking what they’re spending with each supplier. In response to these challenges, a leading heavy equipment manufacturer selected GEP to redesign its source-to-contract processes and implement a convergent data model to help manage procurement data across its multiple locations.

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Resilinc: Vendor Analysis Update — Supply (chain) risk management solution overview, competitors, tech selection tips, analyst summary

Spend Matters

In this Spend Matters Insider Vendor Analysis Update, we give an updated and more complete overview of Resilinc (originally briefly covered in 2022), a solution built to reduce risks in supply chains to make them more resilient. Supply chains have been the focus of much news in the last few years. Disruption after disruption created shortages that stopped factories and emptied shelves and warehouses.

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Supply Chain Weekly Wrap-Up 08/25/2023-08/31/2023

All Things Supply Chain

Shell to Shelve Plan to Shrink Its Carbon Footprint Shell Plc’s Chief Executive Officer, Wael Sawan, has terminated the company’s ambitious carbon offsets program, a plan to develop environmental projects…

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Watch: Driving Sustainability From the Root of the Supply Chain

Supply Chain Brain

There are multiple trends driving sustainability in the supply chain right now, says Frank Clary, vice president for sustainability at multi-business operator and investor Agility.

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Data is essential: Building an effective generative AI marketing strategy

IBM Supply Chain Blog

Generative AI is powering a new world of creative, customized communications, allowing marketing teams to deliver greater personalization at scale and meet today’s high customer expectations. The potential of this powerful new tool spans the entire end-to-end marketing process, from internal communications and productivity to customer-facing channels and product support.

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CEVA Logistics Drives Agile, Multi-Leg Inbound Flows for Tech Company

CEVA Logistics, a global leader in third-party logistics, was contracted to help a technology company manage its complex supply chain, supporting B2B, B2C, and reverse flows across multi-leg transport. CEVA leveraged Kinaxis to eliminate blind spots across supply chain activities, centralize order and logistics management, and drive cost-effective plans for order execution.

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ASCM Honors 3 Companies, 3 Individuals for Supply Chain Performance, Dedication

SCMR (Supply Chain Management Review)

3 companies and 3 individuals have been recognized with Association for Supply Chain Management Awards of Excellence for their dedication in advancing the field of supply chain management.

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FDA issues warning letters to 3 baby formula makers

Supply Chain Dive

Perrigo, ByHeart and Mead Johnson received letters as part of the agency's ongoing review of formula manufacturing after years of constrained supply and recalls.

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Where AI Actually Matters in the Supply Chain

The Network Effect

AI is big in supply chain management, but there are places it is ideally suited to, and other areas that are highly problematic. Ranjit Notani explains.

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Why we always perform a ‘health check’ as part of our sales cycle

Spend Matters

Find out how Spend Matters holistically helps Solution Providers >> I don’t often get to ‘take to the digital boards’ of Spend Matters these days anymore, but a snarky-ish post I made on LinkedIn has led to so much public and private reaction and conversation (a month later!) that I felt obligated to dive deeper. Here’s the post I made: On the surface, it seems like harmless fun, right?

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Your Triple-Threat Solution for Resilient Planning and Execution

Speaker: Len Pannett - Supply Chain and Operations Transformation Expert | Board Advisor - UK Ministry of Defence | Mentor | Author | Keynote Speaker

With the dark clouds of inflation and uncertainty looming overhead while the pressures of ESG and geopolitical tensions increase, today’s supply chain professionals are facing challenges we have never seen before. What were once traditional supply chains have now transformed to multidimensional networks met with new extremes in customer demands. Supply chain professionals often face the dilemma of balancing cost, resilience, and sustainability.

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The Supply Chain Has a New Paradigm

Supply Chain Brain

Now volatility is end to end, and supply chain planning extends beyond order fulfillment to sustainability and resiliency. The good news: They’ve updated the operator’s manual.

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Powering the future: The synergy of IBM and AWS partnership

IBM Supply Chain Blog

We are in the midst of an AI revolution where organizations are seeking to leverage data for business transformation and harness generative AI and foundation models to boost productivity, innovate, enhance customer experiences, and gain a competitive edge. IBM and AWS have been working together since 2016 to provide secure, automated solutions for hybrid cloud environments.

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Transform your forecasting to drive demand and supply efficiencies with AI

SCMR (Supply Chain Management Review)

Download this new white paper for a deep dive into the role of demand forecasting and artificial intelligence (AI) to gain a better understanding of the problems associated with each aspect of the supply chain journey and — crucially — the ways teams can leverage AI to overcome them.

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RFID on packaging gains traction amid food safety and waste concerns

Supply Chain Dive

A tracking system traditionally used for nonperishable items could become more common on certain types of packaging ahead of future traceability requirements from the U.S. Food and Drug Administration.

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2023 Voice of Talent: State of the Workforce Report

New data is raising the bar on how to attract and retain talent in the New World of Work. Procom surveyed over 1,740 contingent and permanent workers across the United States and Canada to uncover what’s most important to them amidst heightened expectations, competition and uncertainty. We have distilled the data into actionable insights you can leverage to strengthen your position as an employer of choice and access the skills you need.

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359: Women in Supply Chain, Alexis Mizell-Pleasant

Let's Talk Supply Chain

 In today’s episode of Women In Supply Chain, I’m joined by Alexis Mizell-Pleasant – editor, writer, content creator and veteran. Alexis served in the U.S. Navy as an Engineer and Supervisor in the Reactor department engine room onboard the USS Ronald Reagan, before embracing her passion for writing and pursuing a career in media. Benefitting from a diverse resume of communications experience, Alexis is currently Managing Editor of Food Logistics and Supply & Demand Chain Executive magazine

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The Market Speaks: Procurement practitioner requirements and the tech vendor response — SAP

Spend Matters

Spend Matters constantly updates its understanding of the state of the procurement tech market via RFIs for our SolutionMap dataset, vendor interviews, global event attendance and product demos with the aim of keeping tech-selection decision makers ahead of market trends. But we also endeavor to grow our understanding of the wants and needs of the customers using that tech – the practitioners.

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Survey: Cyber-Security, Supply Chains Move to Top-of-Mind for CFOs

Supply Chain Brain

profitability is taking a back seat to technology transformation, supply chain and operational challenges, according to a survey released September 18 by Jefferson Wells.

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Ubotica partners with IBM for one-click deployment of space AI applications

IBM Supply Chain Blog

Space AI leader Ubotica Technologies is partnering with IBM to leverage IBM cloud infrastructure and watsonx.ai components, intending to simplify the process for a developer to get their application running onboard a satellite. With a single click, mutual customers will be able to securely deploy their AI models directly to satellites that use the Ubotica CogniSAT TM platform.

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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.