Thu.Apr 04, 2024

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Navigating the Future: Emerging Careers in Supply Chain Logistics for Graduates

All Things Supply Chain

In today’s rapidly evolving global marketplace, the field of supply chain logistics stands at the forefront of innovation and efficiency, offering a wealth of opportunities for recent college graduates.

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Why should I opt for E-procurement?

ProcurePort

Businesses are always looking for ways to make their operations more efficient and save money in the fast-paced digital world. One such avenue that has gained significant traction in recent years is electronic procurement, commonly known as e-procurement. E-procurement uses digital tech to streamline the procurement process, from finding suppliers to buying and managing contracts. […] The post Why should I opt for E-procurement?

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Even with +1, China is still #1

Art of Procurement

China’s role in the global supply chain is changing right before our eyes, leaving foreign buyers to feel the discomfort. The post Even with +1, China is still #1 appeared first on Art of Procurement.

Buyers 133
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Apparel execs urge sourcing diversification amid geopolitical risks

Supply Chain Dive

Executives at an American Apparel & Footwear Association event underscored the need to find alternative sourcing as U.S.-China relations continue to fray.

Sourcing 121
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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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The advantages and disadvantages of private cloud 

IBM Supply Chain Blog

The popularity of private cloud is growing, primarily driven by the need for greater data security. Across industries like education, retail and government, organizations are choosing private cloud settings to conduct business use cases involving workloads with sensitive information and to comply with data privacy and compliance needs. In a report from Technavio (link resides outside ibm.com), the private cloud services market size is estimated to grow at a CAGR of 26.71% between 2023 and 2028,

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Q1 2024 Insider roundup: A deep dive into AI; following procurement tech market movements; updated coverage of 18 vendors

Spend Matters

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

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The future of AI-enhanced third-party management

Spend Matters

This Spend Matters Brand Studio article was written in conjunction with Certa. Compliance and risk management is a growing and interesting use case of GenAI for procurement, finance and, of course, legal operations. The technology opens up a wealth of capabilities not previously possible for the procurement practitioner in terms of data availability, end-to-end visibility, cost, time and risk reduction, and ultimately the overall health of the third-party network.

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The Quiet Transformation: Reevaluating Cobots' Role in the Packaging Domain

Supply Chain Brain

The potential of cobots in packaging — driven by AI, machine learning, and IoT integration — promises a new era of smart packaging lines and predictive maintenance.

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JLL promotes sourcing leader to the C-suite

Supply Chain Dive

Michael Raphael will manage procurement activities and annual spending for the company and its clients.

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South Korea Company Invests $3.9B in New Indiana Chip-Packaging Facility

Supply Chain Brain

The new plant will mass-produce high bandwidth memory used for AI computing, and is expected to open sometime in the back half of 2028.

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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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Even with +1, China is still #1

Art of Procurement

China’s role in the global supply chain is changing right before our eyes, leaving foreign buyers to feel the discomfort. The post Even with +1, China is still #1 appeared first on Art of Procurement.

Buyers 52
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Boeing Pays Alaska Airlines $160M in Compensation for 737 Max 9 Blowout

Supply Chain Brain

The payment is reportedly for Alaska's pretax losses, as well as lost revenue and costs stemming from returning their Max 9 fleet to service.

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Procurement 6 – April 5th, 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 – April 5th, 2024 appeared first on Art of Procurement.

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Report: Amazon Plastic Packaging Increased in U.S. Despite Dip in Other Global Markets

Supply Chain Brain

The report found that Amazon created 208 million pounds of plastic packaging in the U.S. in 2022, up nearly 10% from the previous year.

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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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Diversity and Agility: Successful Hiring in Procurement with Brad Mills – Episode 91

Procurement Talk with David Byrne

Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary In this episode, Martin Smith interviews Brad Mills, the first recruit of Talent Drive, about his experience in procurement recruitment. They discuss the challenges and opportunities in the retail and hospitality sector, the market outlook for 2024, and the changes in procurement recruitment … Continued The post Diversity and Agility: Successful Hiring in Procurement with Brad Mills – Episode 91 appeared first on Tal

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U.S. Funds Win Ukraine Court Support in Odesa Grain Terminal Spat

Supply Chain Brain

The Odesa region is home to Ukraine’s largest ports, where most of the country’s grain is shipped for export.

Export 92
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Accelerate hybrid cloud transformation through IBM Cloud for Financial Service Validation Program

IBM Supply Chain Blog

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Lots of innovation is happening, with new technologies emerging in areas such as data and AI, payments, cybersecurity and risk management, to name a few.

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Podcast | The Long Road to Sustainability in the Foodservice Industry

Supply Chain Brain

The foodservice industry faces a huge challenge in becoming environmentally sustainable.

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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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Business process management (BPM) examples

IBM Supply Chain Blog

Business Process Management (BPM) is a systematic approach to managing and streamlining business processes. BPM is intended to help improve the efficiency of existing processes, with the goal of increasing productivity and overall business performance. BPM is often confused with other seemingly similar initiatives. For example, BPM is smaller in scale than business process reengineering (BPR), which radically overhauls or replaces processes.

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Five Steps to Mitigating Threats to Cargo Security

Supply Chain Brain

While more conventional direct theft of freight during transit still does occur, theft resulting from fraudulent activity has risen sharply in the last 18 months.

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Even with +1, China is still #1

Art of Procurement

China’s role in the global supply chain is changing right before our eyes, leaving foreign buyers to feel the discomfort.

Buyers 52
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Ford Delays Release of All-Electric Truck, SUV as EV Sales Lag Across U.S.

Supply Chain Brain

Ford shared that it will be "retiming" its planned EV launches at its Ontario plant, while pivoting toward a focus on hybrid offerings.

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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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Procurement 6 – April 5th, 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 – April 5th, 2024 appeared first on Art of Procurement.

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Report: Amazon Plastic Packaging Increased in U.S. Despite Dip in Other Global Markets

Supply Chain Brain

The report found that Amazon created 208 million pounds of plastic packaging in the U.S. in 2022, up nearly 10% from the previous year.

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The ultimate guide to streamlining your purchasing workflow

Fraxion

The ultimate guide to streamlining your purchasing workflow This guide is your gateway to optimizing your team’s purchasing workflow. The purchasing workflow is essentially the sequence of steps determining how your organization acquires the goods and services necessary for streamlined operations, and the efficiency of this process holds the key to staying competitive.

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Taiwan’s Chips Giant Resumes Operations After Deadly Quake

Supply Chain Brain

Taiwan’s semiconductor industry has restarted operations as the island begins to recover from its worst earthquake in 25 years.

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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.

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Ryan Meonske, well done. Greg Tennyson nails it!

Procurement Insights

EDITOR’S NOTE: In response to my post yesterday regarding Databricks and ZIP, Greg Tennyson’s response summed up perfectly the underlying message of that post when he simply wrote: “ Ryan Meonske well done.” In today’s post, I will tell you why Greg’s words were on the mark. “It’s amazing what you can accomplish if you do not care who gets credit.” – Harry S.