Wed.Dec 20, 2023

article thumbnail

The Final Wrap-up of this year – the ATSC Awards 2023

All Things Supply Chain

It’s that time of year again for recaps, and the All Things Supply Chain blog has traditionally joined in this positive habit.

article thumbnail

How Generative AI Promises to Transform Procurement

Supply Chain Brain

As the landscape of supply chains grows increasingly complex and data-driven, the role of artificial intelligence becomes more critical in streamlining procurement processes.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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

Spend Matters

Spend Matters is publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. We are 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.

article thumbnail

Three Ways to Enhance Procurement Value Through Risk Management

Supply Chain Brain

From scenario planning to relationship building, procurement teams are in a new era of risk management that will be crucial for long-term success.

article thumbnail

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.

article thumbnail

How to avoid the next sriracha shortage

Supply Chain Dive

Smaller producers are snatching up market space left by supply constraints of Huy Fong Food’s popular spicy condiment.

Supply 132
article thumbnail

U.S. Chipmaker to Sell Chinese Factories to Local Company

Supply Chain Brain

North Carolina-based Qorvo said that it had signed an agreement to sell its circuit assembly operations in Beijing and Dezhou to the iPhone assembler Luxshare Precision Industry.

98

More Trending

article thumbnail

How to build a successful hybrid cloud strategy

IBM Supply Chain Blog

Hybrid cloud has become the IT infrastructure of choice, providing the interoperability and portability organizations need to access data where and when they need it. Yet navigating the complexities of building and managing a hybrid environment poses unique challenges. To capture the most value from hybrid cloud, business and IT leaders must develop a solid hybrid cloud strategy supporting their core business objectives.

article thumbnail

Shippers consider alternatives after rail border closures

Supply Chain Dive

Bridge closures at Eagle Pass and El Paso, Texas, are leading to longer wait times. Brokers shared some of their tips for mitigating disruption.

114
114
article thumbnail

EDI Compliance: Making or Breaking Supply Chain Operations

Supply Chain Brain

Supply chain organizations neglecting to meet EDI compliance mandates risk significant financial consequences, in addition to potentially damaging trust-based relationships with customers and partners.

article thumbnail

Port of Long Beach cargo volumes rise 24% YoY in November

Supply Chain Dive

The port is recapturing market share as online sales rise and retailers stock up for the holidays, according to its CEO.

118
118
article thumbnail

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.

article thumbnail

Almost Half of New Passenger Cars in the EU are Electric

Supply Chain Brain

New car registrations in the EU increased by 6.7% during November, marking the 16th straight month of growth and a 13.3% year-on-year boost in terms of EVs registered.

97
article thumbnail

Address Supply Chain Risk with Strong Risk Councils

SCMR (Supply Chain Management Review)

Risk councils bring together supply chain risk owners and other subject matter experts to analyze current risks, plan for emerging ones and evaluate control effectiveness.

Risk 83
article thumbnail

CloudEagle: Vendor Analysis — SaaS management solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of CloudEagle and its SaaS management solution. In the ever-evolving landscape of the digital era, businesses are increasingly relying on Software as a Service (SaaS) applications to streamline their operations and enhance productivity. However, with great power comes great responsibility, and that responsibility falls on the shoulders of SaaS management.

article thumbnail

Ocean Freight Rates Likely to Spike Because of Red Sea Crisis

Supply Chain Brain

Almost a fifth of global container trade has already diverted away from the Red Sea and Suez Canal.

115
115
article thumbnail

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

article thumbnail

Amazon’s logistics, delivery services expanded beyond its website in 2023

Supply Chain Dive

The company launched offerings like Supply Chain by Amazon and Amazon Shipping while fine-tuning its fulfillment network.

Logistics 111
article thumbnail

Shipbuilder Samsung Ordered to Pay $290M Over Defects

Supply Chain Brain

Samsung Heavy Industries said an arbitration tribunal ruled during the week of December 12 that SHI must pay $290 million to SHIKC1 Shipholding S.A. and SHIKC2 Shipholding S.A.

93
article thumbnail

Why did Barilla Group Choose o9 Solutions to support them with the “digital transformation of their supply chains?”

Procurement Insights

The Press Release headline reads: o9 Solutions Empowers Barilla With Integrated Planning Capabilities. “Barilla was looking to optimize its supply chain planning capabilities with an integrated future-proof planning platform that could navigate today’s supply chain complexities and selected o9’s Digital Brain platform due to its unique ability to integrate all supply chain planning processes into a single-cloud native platform.” Here is a confession: I had never heard of

article thumbnail

Orsted to Go Ahead with Building Giant U.K. Offshore Wind Farm

Supply Chain Brain

The final investment decision on the 2.9-gigawatt project shows that the offshore wind industry is picking back up after a crisis year.

98
article thumbnail

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.

article thumbnail

Five machine learning types to know

IBM Supply Chain Blog

Machine learning (ML) technologies can drive decision-making in virtually all industries, from healthcare to human resources to finance and in myriad use cases, like computer vision , large language models (LLMs), speech recognition, self-driving cars and more. However, the growing influence of ML isn’t without complications. The validation and training datasets that undergird ML technology are often aggregated by human beings, and humans are susceptible to bias and prone to error.

Data 73
article thumbnail

Hub Group acquires Forward Air’s final mile business for $262M

Supply Chain Dive

The deal includes the transfer of about 45 locations and more than 640 employees.

110
110
article thumbnail

How to build a successful AI strategy

IBM Supply Chain Blog

Artificial intelligence (AI) is a transformative force. The automation of tasks that traditionally relied on human intelligence has far-reaching implications, creating new opportunities for innovation and enabling businesses to reinvent their operations. By giving machines the growing capacity to learn, reason and make decisions, AI is impacting nearly every industry, from manufacturing to hospitality, healthcare and academia.

article thumbnail

Strategic Procurement: What Is Is and Why It’s Essential for Business Resilience 

Pipefy

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. The result is greater supply chain predictability, more accurate decision-making, and better business agility. What is strategic procurement? Strategic procurement, or procurement strategic planning, is a process that aligns procurement strategy with business goals so as to yield business benefits through procurement.

article thumbnail

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.

article thumbnail

Business strategy examples

IBM Supply Chain Blog

A successful business strategy dictates the allocation of resources and outlines how a company will achieve its strategic goals. Whether the organization is focused on developing new products or marketing an existing service to an under-served demographic, having a solid strategy will help an organization realize its long-term goals. Typically, a strategy will be informed by core business objectives and keep key performance indicators (KPIs) in mind.

article thumbnail

Procure-to-Pay Analytics: What It Is and Why It’s Important

Pipefy

Procure-to-pay analytics draws meaningful insights and identifies risks, inefficiencies, and opportunities to streamline or optimize P2P workflows for better, more data-driven business decisions. The procure-to-pay process is a complex series of workflows that spans various systems, departments, and operational business units. Because of this complexity, it can also be prone to errors, risks, and costly inefficiencies.

Import 52
article thumbnail

Unlocking success: Key components of a winning customer experience strategy

IBM Supply Chain Blog

Customer experience strategy (CX strategy) is when organizations optimize customer engagements to create happy customers, drive customer loyalty and help to recruit new customers. Providing a better customer experience takes into consideration the entire customer journey and every customer touch-point. It identifies new customers through awareness, consideration, and purchase, aims to retain customers, and drives word-of-mouth through the post-purchase phase.

article thumbnail

Procure-to-Pay (P2P) KPIs: 11 Key Metrics to Track

Pipefy

Tap into key business insights and make better, more data-driven decisions with these essential procure-to-pay metrics. For many procurement leaders, data is top of mind. According to Amazon’s 2024 State of Procurement Data Report , 98% of respondents reported having plans for investments in analytics and insights tools, automation, and AI for their procurement operations in the next few years.

article thumbnail

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.

article thumbnail

Getting the most out of IBM Cloud VPC images

IBM Supply Chain Blog

Images are used to create instances on IBM Cloud VPC. Depending on your needs, you can select a stock image, a custom image or a catalog image. What are stock images? A stock image is the out-of-the-box operating system customized for IBM Cloud VPC environments. It is used to deploy virtual servers or bare metal servers using different architecture types.

Export 61
article thumbnail

Open-es and JAGGAER together for more sustainable procurement

Jaggaer

An agreement has been signed to make corporate procurement even more sustainable: JAGGAER technology is now integrated with Open-es, the digital platform that connects companies, banks, associations, and institutions in a collaborative ecosystem, supporting development and growth on the dimensions of sustainability.

article thumbnail

Forbes: The Devil’s in the Details, Part 1

Arkestro

There's a massive lever to win cost reductions that many procurement teams overlook: low-quality, item-level procurement data.

article thumbnail

2023 AP Honors Profile: Teekay AP Team Invests in People, Delivers Results

CPO Rising

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

article thumbnail

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