Mon.Feb 12, 2024

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CPO Crunch: It’s not easy being green

Procurement Leaders

If you live in the UK or keep on top of the British news agenda, you may have seen a story over the past few days concerning a political party announcing a U-turn on its signature green investment policy. What was said? Sir Keir Starmer, leader of opposition Labour party, announced that its flagship £28bn/year green investment pledge would be reduced to £15bn/year, of which only £5bn would be new money.

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A Look Ahead: The Top 3 2024 Predictions for Third-Party Risk Management

Supply Chain Brain

By leveraging advanced and predictive analytics, organizations will be able to identify potential disruptions before they materialize.

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Supply Risk Solutions: Vendor Analysis — Supplier Risk Management solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis, we provide an overview of Supply Risk Solutions and its solution for supplier (chain) risk management. Supplier risk management is crucial for a variety of reasons. First and foremost, it helps organizations identify and mitigate potential disruptions in their supply chain. Imagine relying on a single supplier for a critical component — if they face a problem, it could jeopardize your entire production process.

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Beginner’s Blueprint: Barcoding Simplified

Finale Inventory

Inventory is the lifeblood of your business. If you’re a retail brand, wholesale distributor, or manufacturer, inventory is the core of your business. You buy inventory, bring it into your facility, and then hope to sell it for more than you paid to generate a profit. As your business grows, your catalog grows, your sales channels grow. As this happens, maintaining accuracy and efficiency becomes increasingly difficult.

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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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Online retailer Zulily’s inventory is up for sale as it winds down

Supply Chain Dive

After throwing in the towel in December, the struggling e-tailer’s remaining products — $85 million worth — are being liquidated along with warehouse equipment.

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The customer experience evolution: Today’s data-driven, real-time discipline

IBM Supply Chain Blog

An evolution of customer experience (CX) was to be expected. Throughout modern history, organizations have encountered internal and external challenges that changed how they interact with customers and how customers view those organizations. Advancements in technology mean customers can order virtually any product and receive it in less than a week.

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Top 5 trucking dispatch software providers for 2024

Supply Chain Dive

As a growing asset-based carrier in 2024, having an efficient truck dispatch system in place is more critical than ever for managing your expanding fleet, optimizing complex operations and winning the most profitable loads – particularly dedicated lanes.

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Maximizing your event-driven architecture investments: Unleashing the power of Apache Kafka with IBM Event Automation

IBM Supply Chain Blog

In today’s rapidly evolving digital landscape, enterprises are facing the complexities of information overload. This leaves them grappling to extract meaningful insights from the vast digital footprints they leave behind. Recognizing the need to harness real-time data, businesses are increasingly turning to event-driven architecture (EDA) as a strategic approach to stay ahead of the curve.

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Job attrition may slow during first half of 2024, survey shows

Supply Chain Dive

Employees said they most often stay put for flexibility, fulfillment and good compensation.

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Which of the following resources is most likely to ensure that you choose the right solution provider?

Procurement Insights

While you likely use all of the following resources, which one will ensure you choose the right solution provider? When I say the right solution provider, I am talking about the one that makes you most confident that you will have a successful outcome for your digital transformation initiative. A Solutions Map Media Recognition, e.g. Forbes A Provider-authored Case Study A Practitioner-authored Case Study How Do You Like Them Apples?

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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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Georgia Ports see container volumes dip, autos rise in December

Supply Chain Dive

Savannah’s port processed 422,287 total TEUs while the Port of Brunswick had a record year for auto units.

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Audi India Says Red Sea Crisis Impacting Automotive Supply Chains

Supply Chain Brain

Balbir Singh Dhillon, the head of Audi India, said that the Red Sea situation is impacting the German carmaker’s deliveries to customers in India.

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US Postal Service sees volume gains in package shipping

Supply Chain Dive

The agency touted the "wide adoption" of its Ground Advantage service in its quarterly results as it competes against UPS and FedEx.

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Episode 152: Spending for Maximum Social Impact with Colin Downie

Una

EPISODE 152 Spending for Maximum Social Impact with Colin Downie By Kelly Barner | February 14, 2024 Is it possible to change the life of someone, and their family, and their community just by making purposeful decisions about corporate spending? Yes it is – and it doesn’t cost as much as you might think. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Colin Downie.

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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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Whirlpool plans further supply chain cost reductions

Supply Chain Dive

The home appliance company expects to cut at least $100 million more from its operations as it sees productivity improvements.

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7 customer experience trends in 2024

IBM Supply Chain Blog

Customer experience (CX) defines a customer’s journey with a company, including both direct and indirect touchpoints. Businesses that place the emotional needs of the buyer persona at the forefront of the customer experience strategy fosters great relationships. Forrester reports that customer experience is a high priority for about 75% of global business and technology professionals and their organizations.

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EU passes law to bolster clean energy supply chains

Supply Chain Dive

The European Commission's Net-Zero Industry Act trails similar actions by U.S. legislators to prop up manufacturing.

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Non-disruptive SAP ERP modernization on IBM Power

IBM Supply Chain Blog

SAP ECC has been the ERP solution for over two decades that runs the core business of many global enterprises. While SAP released their next-generation ERP, S/4HANA, in 2015 and announced its plans to discontinue the support for ECC by 2027, more than 60% of customers have yet to initiate their move to S/4HANA 1. A key reason for this hesitancy is the complexity and cost of migrating to a new ERP platform.

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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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Online grocer Misfits Market branches into third-party fulfillment

Supply Chain Dive

The company is offering other retailers a range of logistics capabilities, including storing and delivering products, through a newly launched service.

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New Technology Is Driving a North American Auto Manufacturing Renaissance

Supply Chain Brain

Between now and 2030, North American automakers have the potential to leverage new processes and practices to reduce their production costs while reimagining a traditional domestic industry

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Enzen – Legal & Commercial Support

Barkers Procurement

Enzen required a cost effective and reactive legal and commercial service to enable their bid team to respond to utility regulated tender opportunities. The service needed to ensure that prompt and pragmatic legal and commercial advice was provided and built into Enzen’s commercial submissions over a two-year period. Barkers responded with an innovative legal and commercial ‘retained service model’ ensuring effective and experienced support could be promptly provided in an efficient and value ad

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Québec Surgical Equipment Shortage Could Delay Some Heart Surgeries

Supply Chain Brain

Dr. Louis Perrault, the president of the Québec Association of Cardiovascular and Thoracic Surgeons, said that the province has established a contingency plan if the situation worsens.

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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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How Businesses Can Save Money on Food Procurement Costs

Una

How Businesses Can Save Money on Food Procurement Costs A play-by-play for navigating rising food procurement costs and what strategies businesses can implement to save money, promote operational efficiency and protect product quality. DOWNLOAD PLAYBOOK Table of Contents Introduction Why Do Food Costs Keep Rising? Understanding Food Procurement How to Save Money on Food Procurement Costs Save on Food Purchases With Group Purchasing Benefits of Working With a Foodservice GPO Case Study Example Co

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Implementing automation in a brownfield environment

Supply Chain Brain

Join us on March 26 for a webinar hosted by SupplyChainBrain, where experts from Locus Robotics, Bricz and Tecsys will share insights and practical guidance on how to successfully address this challenge.

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Sales is the Transference of Belief

Negotiations Ninja

Sales is the transference of belief. If you yourself aren’t sold on the product or service, you can’t transfer that belief to another human. You can’t convince your way in. Are you bought into the ROI of your product or service? Do you care about serving your customers and helping them achieve results?

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Future Insights Network Partners with SupplyChain Brain for TFEST24

Supply Chain Brain

SupplyChainBrain has announced a partnership with TFEST24, the premier gathering of 1000+ senior supply chain, procurement, IT and sustainability professionals, taking place at the Colosseum Kino in Berlin from November 11 to 13, 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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390: Achieve Real Results And Innovate For The Future, with GAINS

Let's Talk Supply Chain

 Today I’m joined by long-standing supply chain tech company GAINS , for the third and final show in our collaborative series together. GAINS is the supply chain performance optimization company. Its platform drives faster, smarter decisioning everywhere inventory matters. So, with GAINS, supply chain teams can make all the right decisions – at speed and scale – to right-size inventory, strengthen performance, and fulfill customer promises.

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Contract Automation: What It Is, What It Isn’t, And How To Use It

ContractSafe

Just as we've swapped briefcases for cloud storage and boardroom meetings for virtual chats, it's high time contract management got its modern-day makeover.

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QatarEnergy Picks Nakilat to Own and Operate up to 25 Newbuild LNG Ships

Supply Chain Brain

The carriers, each with a capacity of 45.96 million gallons, will be wholly owned by Nakilat and chartered out to affiliates of QatarEnergy.

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Navigating the financial landscape of 2024: Priorities and strategies for finance leaders

Fraxion

In 2024, financial leaders must demonstrate agility in response to changes marked by emerging technologies, evolving mandates, shifting talent markets, and the need for strategic cost management. This article explores key topics shaping financial agendas, providing insights into navigating the trends and challenges projected for the year.

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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