Mon.Sep 18, 2023

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Navigating the Complex Supply Chain of the Diamond Industry

All Things Supply Chain

The diamond industry has long been associated with luxury, beauty, and timeless elegance.

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iFoodDS and IBM forge new path to food safety with IBM Food Trust™

IBM Supply Chain Blog

Picture this: You’re at your local supermarket, eagerly exploring the fresh produce section. You carefully select a carton of ripe, juicy fresh-cut strawberries, envisioning them as the star ingredient in your weekend’s mouthwatering desserts. You’re all set to enjoy a delightful culinary adventure. But as you savor your first bite of a luscious strawberry shortcake, you receive a notification on your smartphone.

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Survey: Cyber-Security, Supply Chains Move to Top-of-Mind for CFOs

Supply Chain Brain

profitability is taking a back seat to technology transformation, supply chain and operational challenges, according to a survey released September 18 by Jefferson Wells.

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5 strategies for weathering changes in the supply chain

Supply Chain Dive

Whether it's due to natural disasters, geopolitical tensions, economic downturns, or unforeseen events, companies need to be prepared to withstand changes in the supply chain to maintain their operations and serve their customers.

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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

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Procurement Synonyms: All The Words You Need to Know in 2023

SCMDOJO

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. In this comprehensive guide for 2023, we’ve compiled a list of essential procurement synonyms, shedding light on the subtle distinctions that set each term apart.

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Resilinc: Vendor Analysis Update — Supply (chain) risk management solution overview, competitors, tech selection tips, analyst summary

Spend Matters

In this Spend Matters Insider Vendor Analysis Update, we give an updated and more complete overview of Resilinc (originally briefly covered in 2022), a solution built to reduce risks in supply chains to make them more resilient. Supply chains have been the focus of much news in the last few years. Disruption after disruption created shortages that stopped factories and emptied shelves and warehouses.

More Trending

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Who Last Touches a Customer’s Goods?

SCMR (Supply Chain Management Review)

People still matter a lot in making the supply chains function. Train them, educate them, equip them, support them, and pay them for what they are really worth, because the supply chain breaks down without them.

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Amazon asks sellers to bring Black Friday inventory in early

Supply Chain Dive

Fulfillment center employees will shift their focus from receiving to order processing in November, the company told sellers.

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The next wave of payments modernization: Minimizing complexity to elevate customer experience

IBM Supply Chain Blog

The payments ecosystem is at an inflection point for transformation, especially as we see the rise of disruptive digital entrants who are introducing new payment methods, such as cryptocurrency and central bank digital currencies (CDBC). With more choices for customers, capturing share of wallet is becoming more competitive for traditional banks. This is just one of many examples that show how the payments space has evolved.

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Dollar General to grow private fleet to 2,000 trucks by year’s end

Supply Chain Dive

The discount retailer’s private fleet now handles nearly half of its outbound transportation needs.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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After Years of Development, 3D Printing Goes Live

Supply Chain Brain

After years of talk and small-scale pilots, 3D printing is finally poised for widespread use.

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A path to a more sustainable chip supply chain

Supply Chain Dive

Establishing benchmark metrics and onshoring production are key ways companies can reduce their carbon footprint.

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Machine Learning in College: Leveraging Data for Student Success

SCMDOJO

Thanks to advances in technology, the area of education is changing in the digital age we live in now. Machine learning is one innovation that could change the college experience in a big way. Machine learning is a part of artificial intelligence that uses algorithms to study and make sense of data. This lets computers make decisions and guesses based on accurate information.

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Taking Charge: Nexamp CEO on the ‘existential threat’ of low labor supply and other challenges

Supply Chain Dive

The community solar developer wants to nearshore more production to protect its supply chain from forced labor.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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U.S. Flight Attendants Threaten Strikes

Supply Chain Brain

Air crew are demanding fairer share of vast profits from Alaska Airlines, American and United.

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Former Tesla engineer joins Guardian Agriculture as supply chain and manufacturing exec

Supply Chain Dive

Matt Cherouny will help the drone company ramp up production operations.

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Managing an Evolving Trade Landscape: Insights and Practical Tips to Stay Ahead of the Technology Curve

Supply Chain Brain

Join the Thomson Reuters webinar, where our experts will delve into the top findings from their 2023 Corporate Global Trade Survey Report and provide practical advice on how trade compliance departments can navigate these turbulent times using the right technology.

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Thriving through disruption: How purchasing agility can increase revenue and boost resilience

Supply Chain Dive

The most challenging disruptions can’t be predicted, but agile businesses can be prepared.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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Strangling the Flow: The Impacts of Overbearing Regulations on California’s Logistics Sector

Supply Chain Brain

Adopting a technology-driven approach to sustainability offers more advantages than tighter regulations that disproportionately benefit large-scale corporations and drive up prices.

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Reclaiming Opportunities with Predictive Procurement Orchestration

Arkestro

Resources / Infographics / Reclaiming Opportunities with Predictive Procurement Orchestration Reclaiming Opportunities with Predictive Procurement Orchestration 1. Expand Reach and Influence on Spend PPO can drive efficiency across procurement by identifying patterns that reduce the amount of time spent on tactical activities. 2. Drive Smarter Decisions PPO solutions can deliver information efficiently using machine learning and artificial intelligence, producing deep insights and better outcome

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ROI of Negotiation Training: The Compounding Returns of Skilled B2B Sales Negotiators

Negotiations Ninja

In today’s fast-paced world of business-to-business (B2B) sales, negotiation skills are the cornerstone of success. The ability to navigate complex deals, build rapport, and secure favorable terms is instrumental in driving growth and profitability. Recognizing the significant impact of skilled negotiators on the bottom line, organizations are increasingly investing in negotiation training.

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The State of Procurement: Opportunities Lost

Arkestro

Resources / Infographics / The State of Procurement: Opportunities Lost The State of Procurement: Opportunities Lost Many of today’s procurement departments struggle with precision and efficiency, leading them to fall short of their goals and potential. Because of this, many departments are experiencing diminishing returns and lost opportunities. Here are the four most common challenges.

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GEP Procurement & Supply Chain Tech Trends Report

The technological landscape is dynamic and changes quickly. And for procurement and supply chain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supply chain for the year ahead?

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The Use of Robotics in a Resilient Human Capital Strategy

Supply Chain Brain

Learn why AI and robotics are an “and” and not an “or” when creating a labor strategy and why it’s more important than ever to make the most of the labor you have by implementing programs that leverage the combined power of warehouse and labor management solutions.

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Understanding Tiered Automotive Suppliers (And How PPO Can Help)

Arkestro

Resources / Infographics / Understanding Tiered Automotive Suppliers (And How PPO Can Help) Understanding Tiered Automotive Suppliers (And How PPO Can Help) Original Equipment Manufacturer (OEM) The name brands we know and love such as GM, Ford, Volkswagen, etc. Arkestro’s Predictive Procurement Orchestration (PPO) can sort through the countless tiers of automotive suppliers to find the best prices and suppliers to get the job done.

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360: Deliver A Great Trucker Experience, with DCLI

Let's Talk Supply Chain

Today I’m joined by DCLI , a leading transportation brand that is on a mission to transform the way chassis work within the intermodal supply chain by focusing on equipment quality, operational efficiency, and delivering a great driver experience. DCLI is the largest container chassis provider to the U.S. intermodal industry with over 151,000 marine and 122,000 domestic chassis in its fleet.

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Untangling Manufacturing Procurement with Data Analytics in the “Next Normal”

Arkestro

Resources / Infographics / Untangling Manufacturing Procurement with Data Analytics in the “Next Normal” Untangling Manufacturing Procurement with Data Analytics in the “Next Normal” Procurement can be a cumbersome process for contract manufacturing operations, which must procure on behalf of their customers to meet rapidly changing production requirements.

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Supply Chain Orchestration: A New Era in Supply Chain Management

When the only certainty is uncertainty, what does that mean for today’s supply chain management approaches? This eBook delves into how supply chain orchestration can help businesses unlock agility, transparency, intelligence, and trust across their end-to-end supply chain.

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When Back-Channel Negotiations Aid the Negotiation Process 

Negotiations Ninja

When you go somewhere where you don’t have a contextual understanding of the culture or people, it’s challenging, to say the least. That’s why Nokukhanya (Nox) Ntuli believes that a mediator’s strengths have to do with their ability to connect with people.

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Big Emissions Bills Are Coming for Ships Sailing in Europe

Supply Chain Brain

It could take a while to really cut emissions, because it would still be cheaper to pay for the emissions rather than use more expensive marine biofuels.

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My Definition of Standard Cost

NLPA (Next Level Purchasing Association)

A subscriber to PurchTips responded to this week’s article “ Spend Analysis: Whatcha Looking For? ” and asked for my definition of “standard cost” as used in the article. Here it is… Don’t miss updates on Procurement & Supply Chain, Subscribe here! The post My Definition of Standard Cost appeared first on Next Level Purchasing Association (NLPA).

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First Grain Ships Arrive Using New Route to Ukraine

Supply Chain Brain

Officials said it was the first time civilian ships had reached a Ukrainian port since the collapse of a UN-backed deal with Russia.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.