Sat.Feb 24, 2024 - Fri.Mar 01, 2024

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Harnessing Neuroplasticity

Procurement Templates

How can Neuroplasticity help procurement professionals? It helps those who might think this is who I am, the way I think can’t be changed its innate, my thought process, my beliefs and I can’t or don’t want to change. However, there are times where being stuck with our own version of the truth with no divergence for alternative ways of thinking is too singular and too restrictive.

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Localizing Production: Exploring Reshoring Trends in Supply Chains

All Things Supply Chain

The global supply chain landscape is experiencing a significant shift, with more and more companies looking to bring production and manufacturing activities closer to home.

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Fairmarkit: Vendor Analysis (Part 1) — Sourcing solution overview, market analysis, company SWOT, competitors

Spend Matters

This is the first in a three-part series that covers Fairmarkit’s sourcing offerings. The Pareto principle, named after the Italian economist and sociologist Vilfredo Pareto, states that if focused properly, 20 percent of one’s actions leads to 80 percent of the results. Procurement teams commonly follow this principle to prioritize activities and define focus areas to maximize return on investment.

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How Meta’s Llama 3 will impact the future of AI

IBM Supply Chain Blog

In January of 2024, Meta CEO Mark Zuckerberg announced in an Instagram video that Meta AI had recently begun training Llama 3. This latest generation of the LLaMa family of large language models (LLMs) follows the Llama 1 models (originally stylized as “LLaMA”) released in February 2023 and Llama 2 models released in July. Though specific details (like model sizes or multimodal capabilities) have not yet been announced, Zuckerberg indicated Meta’s intent to continue to open sou

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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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Supply Chain Resilience More Important Than Cost Savings: Bain & Co. Survey

Supply Chain Brain

Companies that get supply chain trade-offs right will outperform strategically and set new standards of operational excellence.

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Aerospace players form coalition to strengthen supply chain integrity

Supply Chain Dive

Members, such as Boeing and Airbus, formed the group after a supplier was caught selling unapproved parts.

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How to improve network resilience with NS1 Connect Filter Chains

IBM Supply Chain Blog

Network service outages happen. It’s not a matter of if but when. Cloud platforms and content delivery networks (CDNs) with 100% uptime SLAs aren’t immune. They experience outages just like everything else. The question is: what do you do when one of your network services goes down? Will the lack of redundant services knock you offline? Or will you failover to another provider, maintaining a seamless user experience?

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How to Cut Spending Waste From Healthcare Supply Chains

Supply Chain Brain

The amount of money that hospitals waste on avoidable supply chain spending is staggering.

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393: Get 100% Visibility Over Your Final Mile, with OneRail

Let's Talk Supply Chain

 Today I’m joined by award-winning supply chain brand OneRail. OneRail is a leading omnichannel fulfillment solution, pairing best-in-class software with logistics as a service, to provide dependability and speed to help businesses meet their delivery promise. With a real-time connected network of 12 million drivers, OneRail matches the right vehicle for the right delivery so brands lower expenses and increase capacity to rapidly scale their businesses.

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Fairmarkit: Vendor Analysis (Part 3) — Sourcing solution details, voice of the customer, analyst summary

Spend Matters

Part 3 of this Spend Matters Vendor Analysis 2024 focuses on delivering a detailed look into Fairmakit’s sourcing solution and concludes with an analyst summary. Part 1 delivers an overview of the company’s background, its general capabilities, a SWOT analysis and the competitive landscape. Part 2 looks at the solution’s strengths and weaknesses and offers user considerations.

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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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How IBM is helping accelerate AI adoption and application centric connectivity

IBM Supply Chain Blog

This week, as thousands of network operators, technology vendors, and mobile device providers from all over the world converge on Barcelona for Mobile World Congress , it’s the perfect time to discuss how IBM® is shaping the future of network operations and telecommunications. Outside the glitz of new phones, connected cars and 5G with everything, there are some real challenges the industry must address.

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Majority of U.K. Retailers Suffering From Red Sea Disruption

Supply Chain Brain

The supply chain problems are expected to be exacerbated next month as China begins shipping again in earnest after its annual pause for the two weeks of lunar new year celebrations.

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Lives Depend on the Success of the Life Sciences Supply Chain

SCMR (Supply Chain Management Review)

Nearshoring efforts and climate impacts regularly disrupting supply chains are just two of the challenges facing the life sciences supply chain, and lives are at stake if it fails.

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The best negotiators know how to “Gamble”

Procurement Insights

“It’s very important to understand what motivates the person across the table from you,” says Ms. Gamble of the skills she learned while working for the border agency. – Shauna Gamble, The Globe And Mail (February 20th, 2024) In an article rich with insights such as the importance of having mentors, taking risks, and broadening your work experience beyond the procurement department, the common thread of success is the ability to understand what motivates the people with whom you work and d

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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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Relief Coming to Shipping Disruptions

Procurement Bulletin

Relief Coming to Shipping Disruptions As the Houthi attacks in the Middle-East has caused massive disruptions for shipping from Asia and the surrounding region as well as skyrocketing shipping costs, relief is in sight. New shipping containers that were ordered 2-3 years ago are ready to come online and help relieve the disruptions caused by the attacks by the Houthi rebels.

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Boeing Hit by Damning Report Faulting Safety Procedures

Supply Chain Brain

The U.S. planemaker was faulted for ineffective procedures and a breakdown in communications between senior management and other members of staff.

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CLM Readiness Considerations Before Diving into Tech

ContractSafe

All the data we have seen, including our own research for our confirms that you’re in good company if you are feeling overwhelmed by contracting volumes. The vast majority of Legal teams are desperately seeking ways to solve the challenge of having limited capacity to scale. Everyone in this boat is hoping for a magic bullet to reduce the legal workload and increase business satisfaction.

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High-Stakes Negotiation: How Mario Martinez Negotiated a 46-Million-Dollar Deal

Negotiations Ninja

While Mario Martinez was with Sprint, he’d been working with a Fortune 10 company for years. He built out a wireless infrastructure in their corporate offices. He created a system where employees could become customers through an online portal versus paper forms.

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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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2024: Procurement Challenge, Opportunity and Transformation

Barkers Procurement

2023 was tough. And if your profession happens to be Procurement transformation, it’s likely – in the workplace, at least – it’s been even more so. A business fighting for survival will always look at its overhead, often meaning the threat of redundancy. In parallel, it will also look at its expenditure meaning it is frequently the case that the Procurement function will be asked to commit incremental cost reduction to that which has already been budgeted, without the luxury of knowing its metho

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When it comes to product recalls, how important is the supply chain?

Procurement Insights

Supply chain disruption, such as a product recall, is the fastest-growing threat perceived by businesses, according to the annual Horizon Scan report. 49% of those polled identified increasing supply chain complexity as a trend, leaving their organization vulnerable to disruption from conflict or disaster. – Disruption from Your Supply Chain: Product Recalls (PLS Logistics Services) Before reading the February 19th, 2024 article , “U.S.

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4 steps to avoid demurrage and keep rail transportation costs low

Supply Chain Dive

Rail demurrage fees can eat into your bottom line. Here are four steps you can take to avoid demurrage fees today.

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From Data to Decision Centric Thinking

Supply Chain Trend

Hi all, Next week Tuesday March 5th, I’ll be holding a webinar about moving from Data Centric to Decision Centric thinking. Decision Centricity is a key element of decision intelligence. Only when you think decision back, you can orchestrate the whole data to action process, digitize it and then augment or automate decisions. If you only think data forward, you can’t operationalize decisions at scale.

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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.

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Challenging Traditional Thinking with Nemawashi

Art of Procurement

“Nemawashi is generally something we do on a yearly basis. Is it tedious? Yes. Is it easy? No. Does it. The post Challenging Traditional Thinking with Nemawashi appeared first on Art of Procurement.

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Watch: Future-Proofing Logistics Through Automation

Supply Chain Brain

The high cost of labor, among other variables, will not go away, says Mark Richardson, chief executive officer of Ocado Intelligent Automation.

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Giant Foods meeting workforce needs with incarcerated people

Supply Chain Dive

Second Chance Program filled a role few individuals wanted and gave a now-former inmate a fresh start.

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Magnus Mondays — Direct Materials Supplier Management Presents a Critical but Disjointed Solution Landscape

CPO Rising

In last week’s article, we looked at what makes direct materials special and their unique established requirements, particularly when focusing on eSourcing. In today’s article, we continue to investigate direct materials management, or perhaps more specifically, the management of direct materials suppliers and the solution functionality to properly manage them.

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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.

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CPO Crunch: Just add R&D

Procurement Leaders

A few weeks ago, a LinkedIn post from one of our members provided a tantalising and hopeful glimpse into the future. This might be a bold claim but when Amanda Davies, Chief Procurement & Sustainability Officer at Mars Wrigley, announced that she was adding R&D to her remit to become Chief R&D, Procurement & Sustainability Officer, it provided a welcome reminder of the opportunity we have as a function.

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Embryo Shipping Company Suspends Business in Alabama

Supply Chain Brain

Other companies also ship embryos, but it’s unclear whether they have changed their services in Alabama.

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Walmart trims store-to-home delivery costs by 20%

Supply Chain Dive

The retail giant's CFO credited the improvements in part to "densifying the last mile" by delivering more packages per route.

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6 benefits of data lineage for financial services

IBM Supply Chain Blog

The financial services industry has been in the process of modernizing its data governance for more than a decade. But as we inch closer to global economic downturn, the need for top-notch governance has become increasingly urgent. How can banks, credit unions, and financial advisors keep up with demanding regulations while battling restricted budgets and higher employee turnover?

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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.