Mon.Jun 17, 2024

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Circular Economy Approaches to Disposable Food Packaging: Closing the Loop in the Supply Chain

All Things Supply Chain

Critics of cradle-to-grave sustainability efforts have long hoped for simple, and easier alternatives when it comes to food packaging. Fortunately, the circular economy offers the perfect solution.

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The death of category management?

Procurement Leaders

A couple of weeks ago, Procurement Leaders held a CPO Connect Call entitled “the death of category management” It was well attended – as one might expect, given the emotive title – with great discussion and debate about what the future might hold for the process. Many of my conversations with CPOs over recent months have focused on the core procurement process, procurement operating models and how change is required to help manage a new landscape.

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6 ways generative AI can optimize asset management

Supply Chain Dive

There is even more help on the horizon with the power of generative artificial intelligence (AI) foundation models, combined with traditional AI, to exert greater control over complex asset environments.

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GEP: Vendor Analysis (Part 1) — S2C solution overview, company background, platform and services overview, modules overview, and roadmap

Spend Matters

In today’s fast-paced business environment, procurement professionals face many challenges, from managing supplier relationships to mitigating risks and controlling costs. To address these challenges, many organizations turn to source-to-pay (S2P) suites because they include a comprehensive suite of tools designed to optimize processes and enhance cross-functional collaboration.

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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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Watch: The Incredible Shrinking Inventory: What To Do About It

Supply Chain Brain

Tracking inventory solely within the four walls of a warehouse isn’t enough to stop shrinkage, says Eddie Misicka, vice president of product and solutions at OneRail.

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How To Navigate Supply Chain Challenges: Resilience and Adaptability in the Modern Business World

SCMDOJO

The power to guide supply chain challenges effectively is essential for any business in a difficult and fast-paced industry. According to statistics, the global supply chain control market is predicted to reach USD 37.41 billion by 2027. In charge of maintaining seamless processes and securing long-term success, current businesses must focus on stability and modification due to unexpected disorders and transforming market necessities.

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Whole Foods broadens meat supply standards

Supply Chain Dive

The grocer raised the number of approved certifications, saying it should give suppliers greater flexibility to meet quality standards.

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The Impact of Biden’s Tariff Increases on U.S. Economy

Supply Chain Brain

China is likely to respond to President Biden’s increases in tariffs on Chinese imports, including electric vehicles, in several ways.

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Gap Inc. supplier summit returns after pandemic pause

Supply Chain Dive

Top vendors got to learn about the retailer's priorities at a meeting in San Francisco last month.

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China Investigates Possible Tariffs on EU Pork Products

Supply Chain Brain

Europe exported more than €2.5 billion ($2.7 billion) worth of pork into China in 2023, according to EU customs data.

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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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Solving Your IBP Problems With the World’s First IBP GPT

Supply Chain Trend

Over the weekend I made my first GPT. It’s an IBP GPT, maybe the world’s first. Although you can make GPT’s more sophisticated, you can start rather simple. That’s what I did. I took an open AI membership, created a GPT, wrote a prompt, wrote four prompt indicators. Told it to be friendly and gave it some other guidance. My aim was to help an IBP user brainstorm some solutions to a typical problem during an IBP cycle.

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BNSF to Pay Washington Tribe Nearly $400M for Trespassing

Supply Chain Brain

According to court documents, BNSF regularly ran 100-car trains carrying crude oil through the reservation between 2012 and 2021.

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Why should you upgrade your legacy planning systems sooner rather than later?

Supply Chain Dive

Key capabilities businesses should adopt to give their supply chains a competitive edge.

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Malaysia to Get New $425M AI-Powered Port Near Kuala Lumpur

Supply Chain Brain

The new port will use AI systems will also analyze traffic data to plan ship movements and automate logistics.

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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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HICX & DitchCarbon to Share More Carbon Data for Procurement

HICX

A new partnership with HICX & DitchCarbon will help companies meet the challenges of Scope 3 emissions by sharing more carbon data about their supply chain HICX, the leading supplier experience platform, that helps Global 5000 companies take control of their supplier data, and DitchCarbon, a leading provider of emissions intelligence, have teamed up to help businesses better meet the challenges presented by Scope-3.

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AI Negotiations: How to Leverage AI in Your Next Negotiation

Positive Purchasing

The art of negotiation has historically been a face-to-face endeavour, where the subtle interplay of verbal cues, body language, and human rapport dictated the ebb and flow of the bargaining process. Traditional negotiations relied heavily on physical presence, allowing negotiators to leverage their presence and negotionality®(negotiation personality) to influence outcomes.

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Top 10 Tips For Customers Running Supplier Due Diligence Exercises

Barkers Procurement

During any significant IT service procurement process, there should be a due diligence exercise to allow bidders to access enough information for them to produce firm quotes that can subsequently be relied upon during contracting. This is often a step in the process that is overlooked or poorly planned for. Failure to run a successful due diligence exercise can leave bidders quoting prices that are ‘subject to further due diligence’ leading to significant additional costs post-contract award whe

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AI Negotiations: How to Leverage AI in Your Next Negotiation

Positive Purchasing

The art of negotiation has historically been a face-to-face endeavour, where the subtle interplay of verbal cues, body language, and human rapport dictated the ebb and flow of the bargaining process. Traditional negotiations relied heavily on physical presence, allowing negotiators to leverage their presence and negotionality®(negotiation personality) to influence outcomes.

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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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Is This True?!?

Procurement Insights

Over the weekend, I tend to let down what little hair I have left down and write for the pure pleasure of writing. Now, don’t misinterpret what I am saying because I have no less enthusiasm for weekday writing, which is reflected in the following statement from a service provider: “Well, let me start off with just a couple of quick points first.

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Behind Every Supply Chain Are Lots of Spreadsheets

Supply Chain Brain

Like it or not, s preadsheets are still the go-to planning software in the supply chain industry.

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Magnus Mondays — Don’t Leave Money on the Table, Optimize!

CPO Rising

It’s always been a mystery to me why so few organizations use sourcing optimization. Yes, it can be complex to use but there is so much value to get from it.

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Canada Border Agents to Vote on New Labor Deal by July 4

Supply Chain Brain

Details of the deal were released on June 14, with border agents getting a 14.8% wage increase over four years, retroactive to June 2022.

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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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DPW NYC event recap and key takeaways

Spend Matters

Last Wednesday, June 12, DPW hosted its first North American conference in New York at NeueHouse. The event featured keynotes and discussions with a variety of procurement leaders and vendors. Below, we overview some of the sessions and give our overall impressions of the conference. After an introduction from DPW Founder Matthias Gutzmann and CEO Herman Knevel, the first session was an interview with Scott Belsky, the Chief Strategy Officer and EVP of Design and Emerging Products at Adobe, by M

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