Wed.Mar 20, 2024

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4 best practices for the global supply chain of the future

Supply Chain Dive

Consulting experts, prioritizing data analytics and highlighting sustainability efforts can help ensure reliable operations in the face of global disruption.

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Same-Day Delivery: Pricey, But Worth It

Supply Chain Brain

Including same-day delivery options is good for business, bringing long-term, strategic benefits that should counter the typical six-figure cost of setting it up.

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Autogmentation Part 5: A detailed examination of GenAI features in procurement tech

Spend Matters

Procurement has not been immune to the latest evolution in technology. While initial automations initially increased process velocity by taking over more tactical, repetitive tasks, they gradually evolved to cover more complex ones. At first, these only required more analytical activities to augment human workers, but they eventually evolved from predictive and prescriptive analytics towards more embedded and autonomous analytics that directly help execute the workflows.

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Finding the Right Approach for Supply Chain Education

SCMR (Supply Chain Management Review)

The COVID pandemic accelerated the adoption of online supply chain education. Today, organizations and employees have their choice of online, in-person or hybrid learning environments, but there is no one-size-fits-all approach.

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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.

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Supply Chain Squeeze: How Automakers Can Beat the Battery Bottleneck

Supply Chain Brain

The predicted surge in electric vehicle demand carries the potential to exacerbate sourcing challenges for key battery minerals, potentially disrupting automotive manufacturing.

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5 reasons why the CEO “isn’t” worried about procurement?

Procurement Insights

The February 9th, 2024, Inc. article headline reads, The 5 Biggest Hurdles for CEOs in 2024 : With the next growth cycle just out of arm’s reach, CEOs must first confront these challenges. So, what are the five hurdles that keeps CEO’s up at night? Economic uncertainty Access to capital Leadership and management challenges Talent management and workforce issues The impact of technology When you read the article, you will note that neither procurement nor supply chain pops up It doesn

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Episode 157: Telling a Compelling Procurement Story with Alex Ball

Una

EPISODE 157 Telling a Compelling Procurement Story with Alex Ball By Kelly Barner | March 20, 2024 Marketing requires a combination of data and storytelling to motivate people to take a desired action, whether that is making a purchase, supporting a cause, or providing their email address. Procurement can leverage a marketing-esque combination of information and storytelling to build consensus, increase influence, and even control the narrative when plans go awry.

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U.K. Startup Gets $2.8M Grant for Wind Propulsion Tech on Commercial Ships

Supply Chain Brain

The company's Wingsail technology acts as a complement to a ship's existing fossil-fuel propulsion systems, designed to cut down on fuel use and emissions.

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Boeing to spend $4B plus to fix safety, supply chain woes: CFO

Supply Chain Dive

The aerospace company is pushing to lower instances of components being completed outside a production line's typical flow.

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AI Takes Center Stage on List of 2024's Top Supply Chain Tech Trends

Supply Chain Brain

AI plays a prominent role in at least four of the eight supply chain tech trends highlighted by research firm Gartner.

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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.

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Department of Transportation’s FLOW platform deepens supply chain data pool

Supply Chain Dive

Published information now covers inland freight hubs like rail terminals and warehouses to help users mitigate logistics challenges.

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Revolutionizing Supply Chain Decision-Making with Decision Intelligence

Supply Chain Trend

In the fast-paced world of supply chain management, the ability to make timely and informed decisions can spell the difference between success and failure. One crucial aspect of this decision-making process occurs in the sales and operations execution horizon—a critical 13-week window where key stakeholders gather weekly to navigate the complexities of demand planning, supply management, inventory allocation, and more.

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GE Aerospace to invest $650M in global facilities, US suppliers

Supply Chain Dive

The Boeing engine supplier’s spending will include new machines, equipment, building upgrades and improved safety measures.

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Migrate and modernize enterprise integration using IBM Cloud Pak for Integration with Red Hat OpenShift Service on AWS (ROSA)

IBM Supply Chain Blog

Integration is essential to every business. As businesses consider the core of their IT infrastructure, their focus might be on their data and applications. But without integration, the data would be locked into siloes; and the applications would be isolated and overloaded with complexity as fragile, tightly coupled connections were added to allow applications to work together and share information.

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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

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Wondering If You’re Too Big for Group Purchasing?

Una

Wondering If You're Too Big for Group Purchasing? Wondering if you’re too big for group purchasing? Even the largest enterprises with well-resourced procurement teams can uncover excellent value by partnering with a GPO in certain categories. By Hugo Britt | March 21, 2024 Search Search There are some things a large business will never outgrow.

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WEBINAR | Digital Category Management – Better, faster, but is it robust?

Positive Purchasing

Can Digital Category Management Enhance Efficiency Without Sacrificing Human integrity? We are delighted to have formed a new tech partnership with Matchory ! Matchory is a Germany-based supplier discovery tool, enabling fast and easy searches for new vendors, from a database of millions of companies. This is a great complementary solution which can be used alongside tools like Capella , our guided category strategy creator®, and Ruby , our guided negotiation plan creator ®.

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Analyzing the Global State of Services Procurement

Art of Procurement

Services spend is becoming an increasingly important strategic category for procurement to manage as more and more businesses rely on. The post Analyzing the Global State of Services Procurement appeared first on Art of Procurement.

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Katana Launches Tool to Manage Inventory Planning and Forecasting

Supply Chain Brain

Katana's tool tracks what customers want and how much they need of specific offerings, and then forecasts when they might need those products.

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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 News — March 20, 2024

CPO Rising

Welcome to Procurement News, part of our ongoing aggregate news series covering recent supply management headlines and trends pertinent to Chief Procurement Officers and other procurement leaders! Contact us with your news story here.

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Boeing Sees Massive Cash Drain as 737 Max Episode Takes Toll

Supply Chain Brain

Investor expectations have dimmed for what was supposed to be a crucial year in the manufacturer’s recovery from a half decade of turmoil.

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Building for operational resilience in the age of AI and hybrid cloud

IBM Supply Chain Blog

Each year we see the challenges that enterprises face become more complex as they strive to keep up with the latest technologies, such as generative AI, and increasing customer expectations. For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more.

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Public cloud use cases: 10 ways organizations are leveraging public cloud

IBM Supply Chain Blog

Public cloud adoption has soared since the launch of the first commercial cloud two decades ago. Most of us take for granted the countless ways public cloud-related services—social media sites (Instagram), video streaming services (Netflix), web-based email applications (Gmail), and more—permeate our lives. In the business sphere, both large enterprises and small startups depend on public cloud computing models to provide the flexibility, cost-effectiveness and scalability needed to

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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.