Wed.Sep 13, 2023

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The power of diversity in procurement: Driving business success through inclusion — Part 3 (Technology)

Spend Matters

In today’s diverse society, businesses have a crucial role to play in fostering equality and inclusion. However, the business world often needs to improve to reflect the true diversity of society, both within companies and in their supply chains. To bridge this gap, organizations are increasingly embracing the concept of supplier diversity in their procurement processes.

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Ramping Up Supply Chain Resilience with AI-Powered CLM

Supply Chain Brain

Business systems can’t operate with true effectiveness as stand-alone functions; they must work together for businesses to harvest the most value from their data.

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G-III slashes inventory by 23% but is ‘not giving it away’

Supply Chain Dive

After last year’s glut, the apparel company has cleared out stock and reined in purchases to free up cash, cut costs and reduce debt.

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Unlocking Cost Savings: The Role Of A Purchasing Consultant In Optimising Procurement Strategies

Procurement Freelancers

In an era where every penny counts, businesses are seeking ways to streamline their operations… The post Unlocking Cost Savings: The Role Of A Purchasing Consultant In Optimising Procurement Strategies first appeared on Procurement Blog | Procurement & Supply Chain News.

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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: A Look at DOT's FLOW Data-Connection Initiative

Supply Chain Brain

Andrew Petrisin, supply chain advisor with the U.S. Department of Transportation, describes the role of the agency's Freight Logistics Optimization Works (FLOW) initiative.

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Data breach prevention: 5 ways attack surface management helps mitigate the risks of costly data breaches

IBM Supply Chain Blog

Organizations are wrestling with a pressing concern: the speed at which they respond to and contain data breaches falls short of the escalating security threats they face. An effective attack surface management (ASM) solution can change this. According to the Cost of a Data Breach 2023 Report by IBM, the average cost of a data breach reached a record high of USD 4.45 million this year.

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Diesel Supply Strains Deepen While Trucking Demand Recovers in U.S.

Supply Chain Brain

At risk are farmers who need diesel to harvest crops and homeowners who rely on its sister fuel, heating oil, to get through the winter.

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Certinal Named a “Leader” in IDC MarketScape: Worldwide eSignature Software 2023 – Why It Matters

Procurement Insights

Wilmington, Delaware – September 12th, 2023 — In a remarkable testament to its rapid rise and unwavering commitment to excellence, Certinal has proudly been recognized as a Leader in the IDC MarketScape: Worldwide eSignature Software 2023 Vendor Assessment (doc #US49646923, September 2023). Renowned for its pioneering achievements in AI innovation, seamless implementation, and robust security measures, Certinal eSign has achieved this significant milestone within just two years of its inception.

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Threatened UAW Strike Could Cause ‘Turmoil’ in Entire Auto Supply Chain

Supply Chain Brain

The strike deadline set by the United Auto Workers union, which is negotiating with the so-called Detroit Three automakers is September 14, a minute before midnight.

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TrusTrace develops garment tracking system in advance of EU regulations

Supply Chain Dive

The traceability platform's digital product tags aim to boost textile transparency and sustainability.

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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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India Planning New Policy to Attract EV Manufacturers, More Investment

Supply Chain Brain

American car maker Tesla has held ongoing talks with Indian PM Narendra Modi's administration to build a factory in the country.

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Episode 132: The Innovative Power of Raw Curiosity with Wes Davis

Una

EPISODE 132 The Innovative Power of Raw Curiosity with Wes Davis By Kelly Barner | September 13, 2023 In 1918, Henry Ford, Thomas Edison, Harvey Firestone, and naturalist writer John Burroughs took one of many long distance road trips together. The combination of their unique forms of genius, especially when viewed against the backdrop of WWI and the Influenza pandemic, makes it possible to see just how critical their curiosity was to every form of success they achieved.

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C.H. Robinson Opens 400,000-Square-Foot Logistics Facility in Texas

Supply Chain Brain

The venue has 154 dock doors that can support up to 700 trailers, making it one of the largest cross-docking facilities in Laredo, Texas.

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Carrier Complexity: The Case for Outsourcing Transportation

SCMR (Supply Chain Management Review)

The days of choosing a transportation provider based on the best rates are long gone. Now, brands must consider a number of other criteria.

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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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Fleet Enable Launches Free Electronic Data Interchange Offering

Supply Chain Brain

The new service will allow freight haulers to receive digital orders and send return responses to their partners without manual intervention.

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IBM Cloud for Payments is an imperative, not a nice-to-have

IBM Supply Chain Blog

The global digital payments ecosystem continues to evolve as new and incumbent financial institutions, payment networks, central banks, governmental agencies, businesses and other market players push for innovation. They all work toward the common goal of creating secure, compliant, real-time, ubiquitous and low-cost payment rails. Payment rails are the most critical element when thinking about payments No matter their size, scope or sector, all businesses that handle transactions and transfers

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ABB Group Investing $280M in Swedish Robotics Hub

Supply Chain Brain

The new campus, which will allow ABB to expand its production capacity by 50%, is scheduled to be opened in late 2026.

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Westfall Technik Tackles the Ultra Competitive Procurement Marketplace of Plastics Manufacturing with Arkestro’s Predictive Models

Arkestro

Case Studies / Westfall Technik Tackles the Ultra Competitive Procurement Marketplace of Plastics Manufacturing with Arkestro’s Predictive Models Westfall Technik Tackles the Ultra Competitive Procurement Marketplace of Plastics Manufacturing with Arkestro’s Predictive Models A global contract manufacturer who primarily molds plastic parts on demand for more than 250 different companies, utilizes Arkestro to streamline their procurement process and make data driven decisions.

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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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Chevron, LNG Facility Workers to Hold Tribunal to Resolve Strike

Supply Chain Brain

Chevron is hoping the Fair Work Commission will force workers to cancel the strike and make a deal with the company.

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NRF acquires Reverse Logistics Association

Supply Chain Dive

The acquisition will help the industry group to collaborate and develop resources in the return and reverse logistics industry.

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Technology Round-Up — September 13, 2023

CPO Rising

CPO Rising’s Technology Round-Up Series returns today with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend management solution provider and you are continually innovating the way that procurement and supply chain leaders and practitioners drive value, we’d love to hear from you.

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Fraxion Earns Coveted Spot as a Spend Management Software Category Leader on GetApp

Fraxion

We're thrilled to share that Fraxion has achieved recognition as a Category Leader on GetApp in the spend management software category for 2023. This accomplishment reflects the valuable insights and feedback from our customers, as well as the hard work of our dedicated team behind the software's development and support.

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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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Ubotica partners with IBM for one-click deployment of space AI applications

IBM Supply Chain Blog

Space AI leader Ubotica Technologies is partnering with IBM to leverage IBM cloud infrastructure and watsonx.ai components, intending to simplify the process for a developer to get their application running onboard a satellite. With a single click, mutual customers will be able to securely deploy their AI models directly to satellites that use the Ubotica CogniSAT TM platform.

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Companies need help making the dream of digital transformation a reality

IBM Supply Chain Blog

The term digital transformation gets so much play these days that it’s almost become a cliché But experts from Frost & Sullivan believe that for most organizations, there’s a sizeable gap between dream and reality. Digital transformation drives many IT investments, with a focus on adapting to new work models and customer expectations, increasing capacity to respond to higher demand, managing growth with fewer resources, enhancing eCommerce capabilities, and supporting securi

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How generative AI is revolutionizing supply chain operations

IBM Supply Chain Blog

Supply chains are under enormous stress. As supply chain leaders, we’ve seen unprecedented levels of disruption, challenges with our ecosystem trading partner networks, tariff wars, real wars and tremendous turnover in human capital. Senior supply chain leaders are retiring in record numbers. Welcome or not, large scale change is afoot in our profession.

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Unlock innovation today and for tomorrow with a future-ready digital infrastructure

IBM Supply Chain Blog

As the digital revolution gains momentum, we’ve seen that businesses worldwide are intensifying their efforts to deliver intelligent and seamless digital experiences by leveraging data-driven automation. I have seen how the gradual pace of digital transformation over the past decade has now given way to a comprehensive, large-scale digital reinvention.

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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.