Tue.Feb 06, 2024

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CPO Crunch: Averting crises and improving your CEO’s state of mind

Procurement Leaders

It can be draining just reading about the chaos brought about by global risks that continue to hit the headlines; from Houthi Rebel strikes in the Red Sea to ongoing speculation about Chinese intentions towards Taiwan, to the potential fallout from “the year of elections”. That said, being on the sharp end of having to respond to some of these events is a different matter entirely, and it’s a situation that many in the Procurement Leaders community find themselves in constantly.

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What’s behind UPS losing volume from top customers?

Supply Chain Dive

Amazon making more deliveries in house, shifts to other carriers and buy online, pick up in store initiatives contributed to the company's Q4 volume decline.

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Trending Sources

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Top 7 Methods to Avoid Stock Discrepancy in 2024 in eCommerce

SCMDOJO

The fast-evolving business trends and technologies bring new challenges to every organization. One of these issues is making sure that the amount of products they have matches what they’re supposed to have, also known as stock discrepancy. To mitigate the issues of the end-to-end supply chain and cope with customer expectations, organizations are constantly focusing on reducing the delivery lead time.

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Dollar General taps AI to optimize produce ordering

Supply Chain Dive

The retailer has partnered with software company Shelf Engine to boost ordering, efficiency and in-stock levels of fresh foods.

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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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Public cloud vs. private cloud vs. hybrid cloud: What’s the difference?

IBM Supply Chain Blog

It’s hard to imagine a business world without cloud computing. There would be no e-commerce, remote work capabilities or the IT infrastructure framework needed to support emerging technologies like generative AI and quantum computing. Determining the best cloud computing architecture for enterprise business is critical for overall success. That’s why it is essential to compare the different functionalities of private cloud versus public cloud versus hybrid cloud.

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Cut Carbon in 2024 by ‘Marketing’ to Suppliers

Supply Chain Brain

One challenge stalling manufacturers' ability to cut carbon emissions is a lack of data, with supplier information notoriously hard to obtain. Solving this problem is a top priority.

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Chinese Ships Get Cheaper Insurance to Navigate Red Sea

Supply Chain Brain

While the overall picture is mixed, some Chinese-linked vessels have to pay as little as 0.35% of their hull and machinery value to obtain insurance for transit.

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Cyber recovery vs. disaster recovery: What’s the difference? 

IBM Supply Chain Blog

Today’s enterprises face a broad range of threats to their security, assets and critical business processes. Whether preparing to face a complex cyberattack or natural disaster, taking a proactive approach and selecting the right business continuity disaster recovery (BCDR) solution is critical to increasing adaptability and resilience. Cybersecurity and cyber recovery are types of disaster recovery (DR) practices that focus on attempts to steal, expose, alter, disable or destroy critical

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Tesla Recalling Almost All Vehicles Sold in the U.S. Due to Warning Light Issue

Supply Chain Brain

The National Highway Traffic Safety Administration (NHTSA) announced the recall of almost 2.2 million Tesla vehicles sold in the U.S. February 2.

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Cash versus digital payments: How to achieve financial inclusion

IBM Supply Chain Blog

One of the more complex challenges banks must solve is to make payments more efficient. Recent news headlines show significant shifts from physical identification and physical forms of payments to digital forms in many jurisdictions. Europe recently announced a mandate that real-time payments be available from any provider who currently offers batch euro payments (such as SEPA credit transfers) at a price of no more than the cost of batch transfers.

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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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Red Sea conflict, Lunar New Year drive January air cargo volumes

Supply Chain Dive

Despite the decline in global rates, air freight volumes rose 10% year over year due to shipper concerns.

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Healthcare 2024: How AI and Collaboration Will Drive Supply Chain Transformation

Supply Chain Brain

The healthcare industry's digital transformation will have a profound impact on the supply chain in 2024. Adoption of modern technologies will lead to increased automation and efficiency.

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Marley Spoon to sell US fulfillment, production facilities in $24M deal

Supply Chain Dive

FreshRealm will acquire the assets and fulfill customer orders, while the meal kit company will handle front-end operations.

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Episode 151: What You Don’t Know About Shipping Can Hurt You with Nick DiNatale

Una

EPISODE 151 What You Don’t Know About Shipping Can Hurt You with Nick DiNatale By Kelly Barner | February 7, 2024 What could possibly be even more complicated than tax accounting? Managing your detailed shipping costs – and the carrier logic that drives them. Details change every year, and the high level information released to the media rarely reflects the nuanced information that appears on shipping invoices.

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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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Analyst Eye on the 6 paths to GenAI implementations in procurement

Spend Matters

Incorporating AI into business processes can unlock unparalleled insights and efficiency; we know that from the numerous solution demos we’ve witnessed. Two main trends appear to be driving the development and use of GenAI among the vendor community. Firstly, they can’t afford not to; it’s the future. Secondly, the reality that GenAI (especially ChatGPT) is opening new possibilities for procurement operations.

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From the Back Office to the Warehouse, Tracking Tech’s Impact

SCMR (Supply Chain Management Review)

Artificial intelligence, augmented reality and machine learning are driving value from the business office to the warehouse.

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How To Achieve Maximum Value With Supplier Relationship Management

Skill Dynamics

Supplier relationship management is a business strategy utilized by organizations to strategically build relationships with their suppliers that are mutually beneficial. When implemented and managed correctly, it’s a strategy that can lead to large-scale operational improvements, cost optimization, and reduced risks across the supply chain. The entire concept of supplier relationship management aims to help organizations shift their mindset around dealing with vendors from a merely transactional

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Tackling Hidden Risks in the Supply Chain: Insights for Procurement Leaders

SCMR (Supply Chain Management Review)

Throughout 2024, business leaders will confront a diverse and complex barrage of challenging events, testing the strength of their operational resilience programs to preserve business integrity. Managing an ongoing cycle of supply chain disruptions continues to be a priority for organizations around the globe; supplier viability, compliance, cybercrime, and increasing ESG regulations are among a few of the concerns.

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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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Driving Sustainable Supply Chain: Strategies for Enhanced ESG Performance

Skill Dynamics

Environmental, social, and governance (ESG) considerations have become a vital component for modern businesses, with increasing scrutiny on companies to achieve goals related to sustainability and ethical business practices. Your organization’s supply chain can be the bedrock of a robust ESG strategy that will drive positive change and contribute to long-term sustainability.

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Not every DNS traffic spike is a DDoS attack 

IBM Supply Chain Blog

You’re a network administrator going about your normal business. Suddenly, you’re seeing a huge spike in inbound traffic to your website, your application or your web service. You immediately shift resources around to cope with the changing pattern, using automated traffic steering to shed load away from overburdened servers. After the immediate danger has passed, your boss asks: what just happened?

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How Predictive Procurement Orchestration Helps Unlock Savings in 60 Days

Arkestro

Resources / Blog / How Predictive Procurement Orchestration Helps Unlock Savings in 60 Days How Predictive Procurement Orchestration Helps Unlock Savings in 60 Days What if you could implement a procurement platform that was so easy to use, your team could be up and running after just one hour of training? What if, by applying predictive procurement orchestration, you could completely shift procurement’s role in your organization from one of necessary spend to one of strategic cost savings?

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Product Carbon Footprint Assessment

SupplyShift

STANDARD ASSESSMENT Product Carbon Footprint Assessment Navigating the complexities of Scope 3 reporting? Transition from rudimentary spend-based emissions factors to value-driven strategies for actionable change using the Product Carbon Footprint Assessment– designed to engage your suppliers for product-level carbon footprint insights. Redefining Supplier Engagement on Scope 3 SupplyShift unveils the Product Carbon Footprint Assessment.

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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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The 10 Hottest Nordic Procurement Startups

Procurement Software

Nordic Europe has a long tradition for being innovative, and Nordic procurement startups are no exception. From Ikea to Nokia to Lego, some world-beating companies have come from this cool, pragmatic region of thoughtful, visionary businesses. We’ve got the definitive lowdown on 10 procuretechs from Europe’s chilly northern reaches, who are heating up the digital procurement ecosystem.

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AOP Introducing… Anvil Analytical

Art of Procurement

In this episode of AOP Introducing, Helen Mackenzie speaks with Richard Brown, Head of Sales and Marketing at Anvil Analytical, The post AOP Introducing… Anvil Analytical appeared first on Art of Procurement.

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Webinar: 7 Supply Chain Red Flags: When to Recognize, React, or Run!

SCMR (Supply Chain Management Review)

In this episode, learn from a panel of industry experts on top red flags to watch out for, how to take corrective action, and when it's time to pivot.

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New York Fed Found Supply Chain Pressures Rose in January

Supply Chain Brain

The New York Federal Reserve Bank’s Global Supply Chain Pressure Index rose from -0.15 in December 2023 to -0.11 in January 2024.

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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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Helpful Tips on how procurement can ensure stakeholder BUY-IN?

Procurement Insights

What is the best way for procurement to communicate its value proposition to stakeholders?

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Manifest Partners With SupplyChainBrain for Global Supply Chain Marketing Summit

Supply Chain Brain

The partnership brings to the Global Supply Chain Management Summit Manifest’s unmatched expertise in the inner workings of supply chain management

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Manifest Partners With SupplyChainBrain for Global Supply Chain Marketing Summit

Supply Chain Brain

The partnership brings Manifest’s unmatched expertise in the inner workings of supply chain management to Global Supply Chain Marketing Summit.

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Macron Calls for More Farmer Protections During Supply Chain Talks

Supply Chain Brain

Protecting farmers’ incomes has been a major demand of the farmers’ protests that have popped up all across the EU in recent weeks.

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro