Thu.Jan 11, 2024

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Introducing Art of Supply

Art of Procurement

Effective today, Dial P for Procurement is the Art of Supply podcast. Building on the strength of the category-leading Art. The post Introducing Art of Supply appeared first on Art of Procurement.

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Five Stops on a Road Map to the ‘Perfect Order’

Supply Chain Brain

Companies planning longer-term fulfillment strategies for growth and resilience will need direction in reaching "order and delivery excellence," allowing them to move beyond siloed operations.

Strategy 139
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Trending Sources

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Extreme weather is 2024’s top supply chain risk: Everstream

Supply Chain Dive

Wildfires, rains and droughts could cause shipping delays, while agricultural commodities might face shortages from weather and other factors, the analytics firm said.

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Modernizing mainframe applications with a boost from generative AI

IBM Supply Chain Blog

Look behind the scenes of any slick mobile application or commercial interface, and deep beneath the integration and service layers of any major enterprise’s application architecture, you will likely find mainframes running the show. Critical applications and systems of record are using these core systems as part of a hybrid infrastructure. Any interruption in their ongoing operation could be disastrous to the continued operational integrity of the business.

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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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Federal program aims to solidify food supply chains

Supply Chain Dive

Regional hubs across the country are supporting the growth of local agriculture, tailoring services based on the area of the country and the farmers involved.

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Business disaster recovery use cases: How to prepare your business to face real-world threats

IBM Supply Chain Blog

Successful business owners know how important it is to have a plan in place for when unexpected events shut down normal operations. Modern enterprises face many types of disasters, including pandemics, cyberattacks , large-scale power outages and natural disasters. Last year, companies around the world spent close to USD 219 billion on cybersecurity and security solutions, a 12% increase from the previous year according to the International Data Corporation (IDC) (link resides outside ibm.com.

More Trending

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Holiday demand boosts December air cargo rates

Supply Chain Dive

Despite the busier month, Xeneta’s Clive Data Services 2024 outlook remains unchanged with an anticipated 1% to 2% increase in demand.

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Can Data Solve Retail’s Goldilocks Problem?

SCMR (Supply Chain Management Review)

Retailers are notorious for either having too much or too little stock, but new technology and data collection may be the answer to getting inventory just right.

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China’s Chip Output May Double in Five Years, Barclays Says

Supply Chain Brain

Most of that additional production capacity could be added in the next three years, based on an analysis of 48 chipmakers with fabrication plants in mainland China, the research showed.

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Predictions for the future of the CLM market

Spend Matters

While 2023 was not necessarily a transformative year for the typically innovative area of contract lifecycle management (CLM), it did lay the groundwork for the market’s future. Of course, much of this is due to generative AI (GenAI). Many CLM providers unveiled GenAI-based chatbots throughout the year, with some also developing or releasing more advanced features.

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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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Tea company insources fulfillment after third-party delays

Supply Chain Dive

DavidsTea's transition has led to an improvement in the overall customer experience, executive Frank Zitella said.

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New Year Insights for the procurement solutions and services marketplace 2024: Prevalent

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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Watch: Promoting Sustainability in the Warehouse Environment

Supply Chain Brain

Mark McCleary, chief technology officer with Lucas Systems, discusses the push for greener operations in the warehouse, particularly in the area of packaging.

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The ISM ThomasNet Top 30 Under 30 Class of 2017: Where are they now?

Procurement Insights

30-under-30-final Download In 2017 – and the years previous to that, ISM and ThomasNet asked me to cover their Top 30 Under 30 Rising Stars program. During that time, I had the opportunity to talk with many enthusiastic procurement professionals who were energized and enthusisatic about joining our industry. In short, rather than just “falling into procurement,” they chose to pursue it as a career.

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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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UN Security Council Demands End to Red Sea Houthi Attacks

Supply Chain Brain

The resolution also called on the Houthis to release the Galaxy Leader ship, a Japanese-operated car carrier linked to an Israeli businessman that was commandeered by the group November 19.

Demand 95
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Port of New York and New Jersey cargo volumes fell 11% YoY in November

Supply Chain Dive

The East Coast port processed 644,439 total TEUs for the month, down 13% compared to October.

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Microsoft Joins Forces with Industry Partners to Create Retail Cloud Alliance

Supply Chain Brain

Microsoft and its partners will work together to develop resources that will educate retailers on how to properly use cloud technology to improve their business.

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5 ways IBM helps manufacturers maximize the benefits of generative AI

IBM Supply Chain Blog

While still in its early stages, generative AI can provide powerful optimization capabilities to manufacturers in the areas that matter most to them: productivity, product quality, efficiency, worker safety and regulatory compliance. Generative AI can work with other AI models to increase accuracy and performance, such as augmenting images to improve quality evaluation of a computer vision model.

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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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Half of Supply Chain Orgs Will Implement GenAI in the Next Year

Supply Chain Brain

Only about 2% of respondents said that they have no plans to implement GenAI in their operations over the next 12 months.

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Procurement 6 – January 12th, 2024

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – January 12th, 2024 appeared first on Art of Procurement.

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Strategies for SMBs Amid the Amazon Effect’s ‘Fast Shipping’ Craze

Supply Chain Brain

While retail giants like Amazon.com can often absorb the high cost of fast shipping, small and medium-sized businesses don’t necessarily have that luxury.

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2023 AP Honors Profile: A Calling to Lead

CPO Rising

The inaugural AP Honors Ceremony celebrated the accounts payable profession and recognized excellence in the field.

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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.

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Want to supply the Public Sector? – You Will Need a Credible Social Value Strategy

Positive Purchasing

Written by Guy Battle , the CEO of Social Value Portal. Guy is also chair of Riversimple Ltd , co-chair of the Public Sector Chapter of the Sustainable Procurement Pledge in the UK, and has also been a lead partner with Deloitte Sustainability Services. What is Social Value? Let me start with a quick definition of Social Value. It is about social, economic and environmental impact and most importantly, Social Value focusses on people – putting society at the centre of everything.

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Trucking Industry Bodies Oppose New DOL Classification Rule

Supply Chain Brain

Members of the trucking industry argue the new rule, which rolls back a Trump-era standard for employee classification, could create uncertainty for truck drivers and the organizations that employ them.

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