The Trillion-Dollar Problem for Retailers: Not Having Clean Data
Supply Chain Brain
JUNE 5, 2024
A study by the IHL Group found that retailers miss out on nearly $1 trillion in sales per year because of out-of-stock items.
Wed.Jun 05, 2024
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Ineffective leadership poses biggest people risk to organizations today, HR pros say
Supply Chain Dive
JUNE 5, 2024
Inadequate succession planning and poor use of worker skills are among concerns worsened by poor management, according to a report from Mercer and Marsh.
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Watch: How Can LSPs Help Their Customers To Weather Disruption?
Supply Chain Brain
JUNE 5, 2024
Ann Marie Jonkman, senior director of global industry strategies with Blue Yonder, frames the key questions that logistics service providers should be asking, as they consider adopting innovative technologies on behalf of customers.
USPS struggles to sway online postage providers on Connect Local Mail
Supply Chain Dive
JUNE 5, 2024
Three of the four companies the Postal Service discussed offering the same-day and next-day service to declined, citing various obstacles.
Load Optimization: A Sustainable Way To Reduce Transportation Costs
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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.
U.K. Clothing Exports Take Nosedive Since Brexit
Supply Chain Brain
JUNE 5, 2024
Exports of clothing and footwear from the U.K. to the EU have dipped from £7.4 billion ($9.4 billion) in 2019 to £2.7 billion in 2023.
Flexport expands Convoy load board to brokers
Supply Chain Dive
JUNE 5, 2024
The logistics tech firm says its AI-driven digital platform will lower procurement and load management costs as much as 90%.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
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Home Depot expands same-day delivery with Instacart
Supply Chain Dive
JUNE 5, 2024
The move is part of the home improvement retailer’s plan to expand its e-commerce capabilities.
Volvo Set to Roll Out Supply Chain Tracker for EVs
Supply Chain Brain
JUNE 5, 2024
The new tracker will provide details on materials used for EV batteries, as well as the carbon footprint for the batteries themselves.
Poll Results: What do they say about sales and marketing? (Late Night Edition)
Procurement Insights
JUNE 5, 2024
This is going to be a relatively brief post as I want the results of the LinkedIn poll to have center stage. The poll question is: When it comes to choosing a solution provider, who do you rely on the most to make the right decision? About the poll: I want to stress that this is by no means an all-encompassing “official poll.” It is an on-the-fly poll, so please take that into consideration.
Move the Line: Why the IT Zone of Influence Must Expand
Pipefy
JUNE 5, 2024
The role of the IT team has evolved. IT teams are still expected to manage day-to-day operations and security. But businesses also leverage their IT teams to achieve broader goals. Businesses look to IT to help contain costs, inform strategy, and deliver innovative solutions to solve problems across the organization. According to Brian Greenberg, CIO at Fortium Partners: “As businesses increasingly rely on technology to drive growth and innovation, the responsibilities of IT leaders have evolved
Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations
Advertiser: GEP
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.
Building Resilient Supply Chains
Una
JUNE 5, 2024
Building Resilient Supply Chains To Weather Any Storm What does building a resilient supply chain entail? Explore the importance of constructing an entire ecosystem that can easily flex and pivot. By Hugo Britt | June 6, 2024 Search Search There are choppy seas ahead. Conflicts in Ukraine and the Middle East continue to drive up prices and threaten shipping.
Shadow AI and How To Avoid It
Pipefy
JUNE 5, 2024
IT professionals have long been familiar with shadow IT, in which a business’s employees create IT solutions without official authorization. More recently, the rising use of generative artificial intelligence (AI) has resulted in the emergence of shadow AI, which is slated to increase exponentially as businesses incorporate AI into more operations. This form of Shadow IT is of particular concern to employers due to its ready access from a browser.
Prioritizing operational resiliency to reduce downtime in payments
IBM Supply Chain Blog
JUNE 5, 2024
The average lost business cost following a data breach was USD 1.3 million in 2023, according to IBM’s Cost of a Data Breach report. With the rapid emergence of real-time payments, any downtime in payments connectivity can be a significant threat. This downtime can harm a business’s reputation, as well as the global financial ecosystem. For this reason, it’s paramount that financial enterprises support their resiliency needs by adopting a robust infrastructure that is integrate
What are End-to-End Processes?
Pipefy
JUNE 5, 2024
The need for efficient and effective business processes continues as organizations become increasingly complex and globalized. Fortunately, businesses can streamline their operations with the right tools and strategies, thus cutting costs and increasing value. This approach to taking your business to the next level often involves end-to-end (E2E) processes to deliver solutions.
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
From Casual Deals to Strategic Steals: Whelen’s Sourcing Team Transformation
Shapiro Negotiations Institute
JUNE 5, 2024
Mark Morenz faced a big challenge at Whelen Engineering , a company that, since 1952, has developed essential warning systems and crucial life-saving technologies for front-line professionals. As the COVID-19 crisis unfolded, it exposed the vulnerability of Whelen’s informal supplier agreements, particularly when the company was experiencing rapid growth.
NEW WEBINAR: The Procurement Metrics that Matter in 2024
CPO Rising
JUNE 5, 2024
Join Ardent Partners and GEP on June 13th (1 PM ET) for a webcast on The Procurement Metrics that Matter in 2024, as they present the findings from the new research eBook entitled Ardent Partners’ Procurement Metrics that Matter in 2024, a compilation of the industry’s best and most widely-used procurement industry performance and operational benchmarks.
Auto, Steel Groups Urge Canada to Match U.S. Tariffs on China
Supply Chain Brain
JUNE 5, 2024
Prime Minister Justin Trudeau and other Canadian officials have said they are monitoring the American tariff policy, but have not committed to following suit.
Maximizing SaaS application analytics value with AI
IBM Supply Chain Blog
JUNE 5, 2024
Software as a service (SaaS) applications have become a boon for enterprises looking to maximize network agility while minimizing costs. They offer app developers on-demand scalability and faster time-to-benefit for new features and software updates. SaaS takes advantage of cloud computing infrastructure and economies of scale to provide clients a more streamlined approach to adopting, using and paying for software.
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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