Thu.May 02, 2024

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CPO Crunch: Contending with the complex new world

Procurement Leaders

Many years ago, I interviewed the CPO of a well-known consumer goods company. The CPO in question was relatively new to the role, full of enthusiasm and laser-focused on extracting innovation and value from the supply base, as you might expect. We spoke a lot about value creation, about supplier relationship management and about how he was structuring his team with that purpose in mind.

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How Mexico’s presidential candidates expect to leverage nearshoring

Supply Chain Dive

Modernizing border crossings, improving legal certainty and improving roads and rail networks were among the ideas candidates raised during a presidential debate.

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How AI Can Power Eco-Friendly Deliveries

Supply Chain Brain

By harnessing AI for activities such as load optimization, route planning, predictive analytics and dynamic scheduling, businesses can start to find ways to trim their carbon footprint.

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Coca-Cola turns to Microsoft’s AI services for its supply chain

Supply Chain Dive

The beverage giant signed a $1.1 billion deal as it explores the use of AI to streamline operations, boost efficiency and more.

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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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Mastering Agility and Resilience in Your Supply Chain

SCMDOJO

The modern business landscape is characterized by volatility, uncertainty, and complexity. Economic crises, marked by unpredictability and irregularity, present formidable challenges. The COVID-19 pandemic, along with disruptions such as Brexit, trade wars, and geopolitical tensions, has highlighted the need for business leaders to take a closer look at their supply chains to strike a balance between resilience and efficiency.

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UPS, FedEx fuel surcharge hikes to heat up delivery prices

Supply Chain Dive

The tweaks come on top of percentage increases the two delivery giants levied in December as they look to grow per-package revenues.

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How Manufacturing Execution Systems Can Solve Staffing Shortages

Supply Chain Brain

Implementing advanced technologies such as an MES allows businesses to alleviate the immediate challenges associated with staffing shortages, and lay the groundwork for long-term workforce resilience.

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Airhouse makes ‘major layoff,’ transfers customers to partner 3PLs

Supply Chain Dive

The shakeup at the fulfillment provider happened after a potential funding round fell through, CEO Kevin Gibbon announced.

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Replacing Good Intentions with Good Outcomes at Whistl

Art of Procurement

“The best-laid plans of mice and men often go awry.” Scottish poet Robert Burns wasn’t thinking of 21st-century corporate business. The post Replacing Good Intentions with Good Outcomes at Whistl appeared first on Art of Procurement.

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Inflation Tops List of Concerns for Supply Chain Leaders in New Survey

Supply Chain Brain

Leaders also said they've struggled to hire and retain skilled supply chain-focused workers in the last two years.

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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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Procurement job interviews: Why you should be screening a potential employer versus the employer screening you

Procurement Insights

“You don’t need to be the CEO to make an impact. Start with your team, lead by example, and let the results speak for themselves.” – Simon Sinek ( LinkedIn post by Terri MacLeod, Senior Director of Procurement, Nutrien) Since the early 1980s, there have been far too many times following a lecture or webinar, procurement professionals have asked me the following: I agree with everything you say and am so “pumped” to apply what you presented when I return to the

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Maersk Expects Red Sea Shipping Disruptions to Persist for Most of 2024

Supply Chain Brain

Despite those disruptions, Maersk still lowered its expected operating loss for the year from $5 billion to between zero and $2 billion.

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Procurement 6 – May 3rd, 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 – May 3rd, 2024 appeared first on Art of Procurement.

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Watch: Getting Ready for SEC's Emissions Reporting Requirement

Supply Chain Brain

To comply with a new reporting requirement by the Securities and Exchange Commission, public companies need to be able to measure their supply chain emissions, says Michael Wohlwend, managing principal with Alpine Supply Chain Solutions.

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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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Change Management Models: Key Concepts and Definitions

Pipefy

Organizational change is a routine part of business today due to the rapid pace of operations, technological advances, and market shifts. Change is rarely easy, but it becomes even more challenging as an organization’s size and complexity increase. Your business must determine the best way to implement changes once the need becomes apparent, which will require a strategic approach to change management.

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Lufthansa to Cut Costs After $908M in First Quarter Losses

Supply Chain Brain

Lufthansa estimates weeks of airline worker strikes impacted first quarter earnings by as much as €350 million.

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The One Where We Relate Taylor Swift Lyrics to Procurement

Una

The One Where We Relate Taylor Swift Lyrics to Procurement Love it or hate it, lessons and lyrics alike can be related back to the poetic dance that is procurement and Taylor Swift. By Mackenzie Oakley | May 2, 2024 Search Search Its been nearly a fortnight since Taylor Swift released her newest record-breaking album, The Tortured Poets Department. As you can imagine, like the elder millennial that I am, I have the songs playing on repeat trying to decipher meanings and Googling the words I don&

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BearingPoint Recognized as Global Partner of the Year by JAGGAER

Jaggaer

JAGGAER's latest news on procurement & sourcing. Read now: BearingPoint Recognized as Global Partner of the Year by JAGGAER.

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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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Podcast | Can We Regulate AI Without Killing It? (And Will It Kill Us?)

Supply Chain Brain

Will generative artificial intelligence be the salvation or damnation of humanity?

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Airbus Reaches Deal With Canada Workers, Averting Lockout Threat

Supply Chain Brain

A rejection of the deal would have triggered a lockout starting on May 2 at the Mirabel manufacturing plant near Montreal.

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