Wed.Nov 29, 2023

article thumbnail

How is the e-procurement system different from ERPs?

ProcurePort

In the dynamic and ever-evolving landscape of modern business operations, organizations are increasingly turning to innovative technologies to streamline their processes and enhance overall efficiency. Among the many technological advancements, Electronic Procurement (e-procurement) systems and Enterprise Resource Planning (ERPs) have emerged as integral components in the pursuit of operational optimization.

article thumbnail

Excess Inventory: Causes, Consequences and How to Avoid it?

SCMDOJO

In today’s fast-paced business world, excess inventory can be a major hindrance to growth and profitability. Whether it’s unsold products taking up valuable storage space or excess & obsolete items tying up capital, having excessive inventory can lead to increased costs and decreased cash flow. That’s why streamlining your inventory management strategies is crucial for success.

Inventory 111
professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Cargill bolsters traceability efforts to end deforestation in South America

Supply Chain Dive

One of the world's largest commodities traders is moving up its timeline to eliminate land use conversion from supply chains in Argentina, Brazil and Uruguay.

article thumbnail

Florida Producer Growers, Brokerages Included in ReposiTrak Expansion

Supply Chain Brain

Some of the new users include a Longwood, Florida-based watermelon grower, processor and brokerage as well as an Immokalee, Florida-based green bean, eggplant, squash and pepper grower.

105
105
article thumbnail

Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.

article thumbnail

Supplios: Vendor Analysis — Supplier management and sourcing solution for direct materials overview, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis gives an overview of Supplios. Supplios is a supplier collaboration platform built specifically to help manufacturers work with their direct-material suppliers. The platform has built-in functionalities for supplier management, direct material sourcing and procurement, supplier onboarding, supplier quality and supplier performance management.

article thumbnail

Best practices for hybrid cloud banking applications secure and compliant deployment across IBM Cloud and Satellite

IBM Supply Chain Blog

Financial Services clients are increasingly looking to modernize their applications. This includes modernization of code development and maintenance (helping with scarce skills and allowing innovation and new technologies required by end users) as well as improvement of deployment and operations, using agile techniques and DevSecOps. As part of their modernization journey, clients want to have flexibility to determine what is the best “fit for purpose” deployment location for their a

More Trending

article thumbnail

Why a beverage alcohol distributor launched a 3PL

Supply Chain Dive

Ankaa Global Logistics caters its services to suppliers working with parent company Southern Glazer's Wine and Spirits or other wholesalers.

Logistics 112
article thumbnail

Innovation Ramps Up as Firms Invest in Supply Chain

SCMR (Supply Chain Management Review)

The average company investment in supply chain innovation has nearly doubled in 2023 compared to 2022, according to new research from Catena Solutions.

article thumbnail

Burlington leans on inventory management to boost margins

Supply Chain Dive

After working through reserve stocks, the retailer has learned to increase merchandise turnover by distributing goods to stores more quickly.

Inventory 109
article thumbnail

Real-time artificial intelligence and event processing  

IBM Supply Chain Blog

By leveraging AI for real-time event processing, businesses can connect the dots between disparate events to detect and respond to new trends, threats and opportunities. In 2023, the IBM® Institute for Business Value (IBV) surveyed 2,500 global executives and found that best-in-class companies are reaping a 13% ROI from their AI projects—more than twice the average ROI of 5.9%.

article thumbnail

Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.

article thumbnail

Walmart is creating new platform to more easily work with suppliers

Supply Chain Dive

The retailer has teamed up with enterprise retail technology solutions company Bamboo Rose to streamline its supply chain.

Suppliers 113
article thumbnail

Synthetic data generation: Building trust by ensuring privacy and quality

IBM Supply Chain Blog

With the emergence of new advances and applications in machine learning models and artificial intelligence, including generative AI, generative adversarial networks, computer vision and transformers, many businesses are seeking to address their most pressing real-world data challenges using both types of synthetic data: structured and unstructured. Structured synthetic data types are quantitative and includes tabular data, such as numbers or values, while unstructured synthetic data types are qu

Quality 80
article thumbnail

B2B Buying Behavior Now Aligned with Consumer Buying Habits

Supply Chain Brain

Ninety percent of responders said that the demand for digital B2B buying experiences has increased either somewhat or substantially over the last two years.

Demand 97
article thumbnail

Are Supplier Diversity Programs Running Out of Gas – Again?

Procurement Insights

“When I was given an advanced peek at Jamie Crump’s white paper , “Rumors of My Death Have Been Greatly Exaggerated: How Supplier Diversity Will Thrive in 2024 and Beyond”, a cascade of thoughts ran through my head. To start, I was reminded of my research on diversity some time ago and how, even though it is a significant focus in 2023, the idea or concept was first introduced in the 1950s.

article thumbnail

Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

article thumbnail

Transatlantic Flight Powered by Alternative Fuels Lands in U.S.

Supply Chain Brain

Of the two types of alternative fuels used for the flight, 88% were derived from waste fats while the remaining 12% came from U.S.-based corn production waste.

96
article thumbnail

How blockchain enables trust in water trading

IBM Supply Chain Blog

Australia pioneered water rights trading in the early 1900s, becoming a world leader in water sharing between valleys. The initiative extended throughout the states of Australia across the Murray-Darling Basin (MDB). However, findings from the water market’s inquiry of the MDB, completed by the Australian Consumer and Competition Commission (ACCC) and the Department of Climate Change, Energy, the Environment and Water (DCCEEW), highlighted a great many challenges of the system.

article thumbnail

Walmart Increasing Imports to the U.S. from India

Supply Chain Brain

Walmart shipped 25% of its U.S. imports from India between January 2023 and August 2023, up from just 2% in 2018.

Import 110
article thumbnail

Spirit AeroSystems COO is out

Supply Chain Dive

Sam Marnick is the second executive to leave the Boeing supplier in the past two months, following the departure of former CEO Thomas Gentile.

article thumbnail

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.

article thumbnail

How to Reduce Warehouse Picking Errors

Supply Chain Brain

Picking errors are common at the best of times, but they can be a particular issue when it comes to recruiting new and inexperienced workers.

100
100
article thumbnail

Timeline: How Estes responded to a cyberattack

Supply Chain Dive

The trucking company actively communicated with shippers during its crisis as the carrier worked to restore its systems.

90
article thumbnail

Three Ways Technology Can Stop Greenwashing in its Tracks

Supply Chain Brain

Mitigating the legal, financial and reputational risks of greenwashing is complex, but it has also never been more important.

Risk 97
article thumbnail

Sensors, signals and synergy: Enhancing Downer’s data exploration with IBM

IBM Supply Chain Blog

In the realm of urban transportation, precision is pivotal. Downer, a leading provider of integrated services in Australia and New Zealand, considers itself a guardian of the elaborate transportation matrix, and it continually seeks to enhance its operational efficiency. With over 200 trains and a multitude of sensors, Downer has accumulated a vast amount of data.

Data 63
article thumbnail

The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

article thumbnail

Nio and Geely Sign Battery Swapping Agreement

Supply Chain Brain

Geely is the second car manufacturer to sign a battery swapping deal with Nio, who is also working with Changan Automobile.

92
article thumbnail

11 Things You Can Do While a GPO Works Behind the Scenes

Una

11 Things You Can Do While Your GPO Works Behind the Scenes Explore 11 things you could be doing while your GPO takes care of time-consuming procurement tasks behind the scenes. By Hugo Britt | November 30, 2023 Search Search What would Santa do without the ability to outsource key tasks to his elves? Imagine if he had to look after all the toy-making, gift-wrapping, and present-packing himself – he’d be overworked, stressed out, and would probably miss his all-important delivery deadline.

article thumbnail

Transforming Pharmaceutical Manufacturing- The Crucial Role of Supplier Management

HICX

Procurement professionals in the pharmaceutical manufacturing industry face unique challenges. Just as their counterparts in other sectors, they must deliver digital transformation, while ensuring investment in existing technologies is maximized, but also they face additional hurdles relating to the regulatory environment, the complexity of supplier relationships, the particularly high levels of scrutiny, and managing the subsequent amount of data and information that are required in this contex

article thumbnail

Watch: Challenges in a Changing LTL Market

Supply Chain Brain

Kent Williams, executive vice president of sales and marketing at Averitt, would like to see better relationships between shippers and less-than-truckload (LTL) carriers.

52
article thumbnail

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.

article thumbnail

Port of Savannah cargo volumes dip 19% YoY in October

Supply Chain Dive

Despite the drop, TEUs were up 11% month-over-month at the Southeastern port.

77
article thumbnail

The Role of Strategic Purchasing in Streamlining Business Operations

Procurement Freelancers

Are you ready to uncover the hidden power of strategic purchasing?

article thumbnail

‘Tis the Season for December Webinars

CPO Rising

As 2024 quickly approaches, Ardent Partners is ending the year with two exciting webinars focusing on trends related to Accounts Payable and Procurement. Take a moment to review our December offerings and register for both events.

article thumbnail

The Financial Impact of Employee Turnover and How Conflict Resolution Courses Can Help

Negotiations Ninja

Employee turnover is a significant concern for Canadian businesses. According to the HR Reporter, Canada ranks fourth in turnover rates worldwide at 16%. While the cost of turnover varies for every role depending on salary and onboarding processes, the price associated with hiring and training a new employee is substantial in just about every business.

Price 52
article thumbnail

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