Wed.Jan 10, 2024

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The Missing Link: Procurement’s Critical Role in Maximizing Reverse Logistics Efficiency

Supply Chain Brain

When tech companies began offloading their reverse logistics businesses, industry giants with physical capabilities were waiting, eager to see if they could deploy those capabilities in-house.

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Five ways supply chain leaders can hire the best talent

Supply Chain Dive

Instilling a culture of curiosity and looking beyond the typical hiring pool are some of the ways leaders can build promising teams, according to Kearney experts.

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USDOT Provides Update on Transportation Infrastructure Improvements

Supply Chain Brain

The National Roadway Safety Strategy showed that roadway safety planning improved for over 70% of the U.S. population while funding for safety improvements went towards 4,515 intersections.

Strategy 112
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Shortages 2024: What supplies are still at risk after years of disruption?

Supply Chain Dive

Excess inventory may be in focus, but climate change, geopolitics and structural supply chain challenges continue to threaten some goods.

Risk 124
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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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Majority of Shoppers Stay Loyal to Retailers That Offer Free Returns

Supply Chain Brain

Many retailers have started charging a returns fee, but research suggests this is causing shoppers to switch, with 49% being less loyal to brands that charge for returns.

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Covalyze: Vendor Analysis — Cost analytics solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis, we provide an overview of Covalyze and its solution for cost analytics. Many category managers and buyers struggle with data transparency and aggregation. Due to data segregated into multiple systems (ERPs, PLMs), lack of proper MDM, missing technical specifications and manual data management, it is difficult to the point of being nearly impossible to get a holistic view of all the data they need, especially when it comes to deep and detailed information on

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India Scraps Plan for $602M Strategic Oil Reserve Top-Up

Supply Chain Brain

Instead of buying at current levels the ministry is asking state-owned Indian Strategic Petroleum Reserves Ltd. to lease out empty underground storage to refiners and global oil majors.

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More than a quarter of workers say they’re ready to leave their current job

Supply Chain Dive

After pay and hours, employees highlighted emotional aspects such as fair treatment, respect and fulfillment being top needs for any job, according to Boston Consulting Group.

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Orsted Partner to Sell Wind Farms, Take $1.6B Charge

Supply Chain Brain

Eversource Energy is in exclusive negotiations to sell its 50% stakes in the developments to a “global private infrastructure investor,” it said January 8 in a statement.

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Would you really use an RFP to buy procurement technology? REALLY!!

Procurement Insights

“There is so much procurement technology out there, but how do you select what is right for you? I am really against doing an RFP, and here are the 3 reasons why.” – “There is so much procurement technology out there, but how do you select what is right for you? I am really against doing an RFP, and here are the 3 reasons why.” – (NOTE: Click the link to find out Bac’s 3 reasons) Nico Bac (LinkedIn Post, January 9th , 2024) Like salt and pepper, Abbott a

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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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Alibaba.com Launches AI-Powered Assistant Tool

Supply Chain Brain

Alibaba.com said that the Smart Assistant tools for global sourcing will help small business owners discover new commerce opportunities, stay up-to-date with market trends and track orders.

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Breaking down the advantages and disadvantages of artificial intelligence

IBM Supply Chain Blog

Artificial intelligence (AI) refers to the convergent fields of computer and data science focused on building machines with human intelligence to perform tasks that would previously have required a human being. For example, learning, reasoning, problem-solving, perception, language understanding and more. Instead of relying on explicit instructions from a programmer, AI systems can learn from data, allowing them to handle complex problems (as well as simple-but-repetitive tasks) and improve over

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Transportation's Rebound Contributes to Bleak Outlook for Meeting Emissions Goals

Supply Chain Brain

The U.S. is on track to cut greenhouse gas emissions by roughly 40% by 2030 when compared to 2005 levels if the country does not make any other changes.

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Confidential Containers with Red Hat OpenShift Container Platform and IBM® Secure Execution for Linux

IBM Supply Chain Blog

Hybrid cloud has become the dominant approach for enterprise cloud strategies , but it comes with complexity and concerns over integration, security and skills. To address these concerns the industry is embracing container runtime environments to abstract away infrastructure. Red Hat OpenShift Container Platform (RH OCP) has emerged as a leading solution for supporting the application development lifecycle, provisioning and managing container images and workloads into a platform for containerize

Data 70
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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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German Railways Dealing with Cancellations Due to Train Drivers Strike

Supply Chain Brain

The strike that was organized by the GDL train drivers’ union from Janaury 10 to January 12 has forced German railway operator Deutsche Bahn to run only stripped-back emergency timetables.

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

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re 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.

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Contract Intelligence: GenAI Turns Commercial Agreements Into Value Creators

Supply Chain Brain

While GenAI has proved to be a valuable tool for enhancing the value of individual contracts, commercial agreements do not exist in isolation.

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The battle of the personas in the world of enterprise applications—how IBM Hybrid Cloud Mesh and Red Hat Services Interconnect unify them

IBM Supply Chain Blog

Navigating the intricate realm of modern enterprise applications requires collaboration among diverse personas to effectively manage complexity. This helps with continuous business support through applications automating essential workflows. Traditionally, applications and their hosting infrastructure align with DevOps and CloudOps. However, rising costs due to diverse IT environments led to the emergence of FinOps, focusing on expense monitoring and control.

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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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Container Fleet Headed for Over-Capacity After Red Sea Situation Resolves

Supply Chain Brain

BIMCO says record deliveries could push container fleet above 30 million TEU in 2024, with another 3 million TEU scheduled to be delivered 2025-2026.

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Harmony in Innovation: The Power of Collaborative AI in Product Creation

SCMR (Supply Chain Management Review)

Artificial intelligence can accelerate supply chain tasks by working alongside human intelligence

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Harbor Lockers Develops On-Demand Locker Marketplace

Supply Chain Brain

Harbor Locker said that its Public Marketplace Locker Network is the world’s first on-demand locker marketplace offering users 24/7 access to products as well as robot deliveries.

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A Beginner’s Guide to Green Procurement

NLPA (Next Level Purchasing Association)

In today’s eco-conscious world, the pressure to “go green” isn’t just a whisper on the wind – it’s a thundering roar echoing through boardrooms and supply chains alike. And at the heart of this green revolution lies a powerful tool: green procurement. But for many, particularly newcomers to the procurement world, navigating the labyrinth of green product options and certifications can feel daunting.

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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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5 Procurement Influencers to Follow This Year

Una

5 Procurement Influencers to Follow in 2024 Una’s social media experts have trawled the blogosphere and the metaverse to uncover the top procurement influencers to follow this year. By Hugo Britt | January 11, 2024 Search Search Is your LinkedIn feed looking a bit ho-hum? Does your X (formerly Twitter) experience fail to inspire? Does it feel like ages since you’ve read some great procurement thought-leadership (besides the Una blog, of course)?

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Top 9 Examples of ChatGPT for HR Operations

Pipefy

One-hundred million people use ChatGPT each week, according to Open AI , via the Verge. While generative AI has sparked overall business interest, a Gartner, Inc. survey from 2023 revealed that the widespread usage of ChatGPT for HR functions is still on the horizon. Just 5% of the human resources (HR) leaders interviewed by Gartner reported generative AI implementation and use, while another 9% were conducting pilot programs.

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Best of 2023: CPO Rising 2023 — Turning Data into Intelligence Starts with Visibility

CPO Rising

Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2023 articles as we reflect on the year and prepare for the new year ahead.

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Enterprise Collaboration Systems: Enhancing Teamwork and Productivity

Pipefy

Businesses are incorporating more software tools into their daily operations as new technologies become accessible, improving productivity, communication and collaboration. A prime example of this trend is an enterprise collaboration system (ECS), which allows workers from different departments to communicate and share documents. As a result, employees can perform tasks in minutes that used to take hours because each document, job task, and communication they need are located in one place.

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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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Top 7 HR trends for 2024

Pipefy

How does the modernization of HR impact your company’s trajectory? If this still isn’t a priority in your business strategy, it’s time to make it one. According to Gartner, nearly 50% of employees view their current performance as unsustainable , and less than half trust their organization. In addition to cultural and performance strategies, the job market is extremely competitive, and attracting and retaining top talent becomes increasingly challenging as work models evolve and technologi

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