Thu.Jan 04, 2024

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AI’s transformative role in empowering companies to optimize procurement

Supply Chain Dive

Here’s a look at how the technology is making waves in supplier management, predictive analytics and more, from Vroozi's Shaz Khan.

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Supply Chains in the 5G Era: A Paradigm Shift in Connectivity

Supply Chain Brain

The combination of low latency, high bandwidth, massive device connectivity, reliability, and other factors makes 5G technology well-suited for various automation and virtual-enabled technologies across industries.

professionals

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Trending Sources

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65% of employees say they experienced burnout in 2023

Supply Chain Dive

Although employee burnout is decreasing slightly, most workers say it’s still negatively affecting their job performance.

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Commercial Suez Canal Traffic Down Almost 60% Since Houthi Attacks Began

Supply Chain Brain

An estimated 181 vessels that were originally supposed to travel through the Suez Canal have been rerouted around Africa since the Houthi attacks began.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.

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GM plans sourcing shift for EV models no longer eligible for tax credit

Supply Chain Dive

The automaker said two minor components were preventing some vehicles from qualifying for a $7,500 purchase incentive.

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U.S.-led Military Coalition Issues Final Warning to Houthis

Supply Chain Brain

Some potential targets of the coalition's attacks could include launchers for anti-ship missiles and drones as well as storage facilities for ammunition.

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More Trending

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Chinese Miner Takes Glencore’s Cobalt Crown as Output Jumps 170%

Supply Chain Brain

CMOC’s copper output also jumped by 51% to 419,539 tons, establishing it as one of the world’s top producers at a time when many miners are struggling to boost output.

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

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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HMM Launches Supply Chain Carbon Calculator

Supply Chain Brain

HMM announced that it had developed its Supply Chain Carbon Calculator January 3, allowing cargo owners to better manage the carbon footprints of ships, trains and trucks.

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A Momentous Year: Five Trends for 2024

SCMR (Supply Chain Management Review)

The current economic climate has some similarities to the post-Cold War 1990s, and that means a boom could be on the horizon.

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The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?

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Cargobot Announces European Expansion Plan

Supply Chain Brain

Cargobot said that it will first launch its operations in Spain before expanding to multiple other countries in the EU.

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Opstream: Vendor Analysis — Intake solution overview, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis gives an overview of Opstream’s intake solution. Opstream aims to revolutionize the way companies buy and manage spending through its procurement platform. With a focus on providing full visibility and control over spending before it happens, Opstream offers a self-service, AI-driven system that caters to cross-functional teams and ensures quick implementation.

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Podcast | Got a Product Recall? Call Procurement

Supply Chain Brain

Procurement used to be tasked with a clear and basic mission: Sign up the best suppliers at the cheapest price. Not anymore.

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Oil update: The same, for now

SCMR (Supply Chain Management Review)

It will always be prudent to reduce the use of carbon-based energy sources by making your supply chains as energy-efficient as possible.

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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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Is purchase order management and paying suppliers late clogging the arteries of your supply chain heart?

Procurement Insights

Over 40 years, I have seen many reasons for supply disruptions. Undoubtedly, many of these disruptions result from external events beyond our control, like the pandemic or war in Ukraine. But what about the internal disruptions that are in our control? My question is, don’t we have enough disruption to deal with in the outside world? Why must we add to the challenges our procurement and administration teams will face in 2024?

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Supply Chain Outlook: Preparing for what’s next

SCMR (Supply Chain Management Review)

Event featured an impressive lineup of keynote and session speakers who hit on all of the topics that are driving supply chain growth right now.

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Nike pares back supply as demand remains sluggish

Supply Chain Dive

The brand is also looking to cut $2 billion in costs through layoffs as well as operational and procurement changes.

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What’s Ahead for Supply Chain in 2024?

SCMR (Supply Chain Management Review)

Gartner analyst breaks down the current state of supply chain planning and offers insights into what’s coming around the next corner.

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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 6 – January 5th, 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 – January 5th, 2024 appeared first on Art of Procurement.

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Manufacturing is down to end 2023

SCMR (Supply Chain Management Review)

The report’s benchmark metric, the PMI, came in at 47.4 (a reading of 50 or higher indicates growth), up 0.7% over November’s 46.7, contracting, at a slower rate, for the 14th consecutive month. The past 14 months of contraction were preceded by a stretch of 28 consecutive months of growth. ISM also said that the overall economy contracted in December, at a slower rate, for the third consecutive month, which was preceded by 30 consecutive months of growth.

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Understanding the Role of AI in HR Departments

Pipefy

2023 saw businesses emerge from the lingering impacts of the COVID-19 pandemic to shift their focus to the future: artificial intelligence. According to a recent Pipefy survey of business leaders , 49% of directors agree that generative AI can deliver a competitive advantage for their business, 53% of directors also see generative AI as a path to greater operational efficiency, and 52% are optimistic that AI will help them contain costs.

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The 2024 Chief Supply Chain Officer (CSCO) agenda

SCMR (Supply Chain Management Review)

Leverage strategic procurement to control spend and maximize value creation in deflationary markets.

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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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Procure-to-Pay vs. Order-to-Cash: Definitions and Differences

Pipefy

The order-to-cash and procure-to-pay processes play essential roles in business operations. While each serves a different purpose, process inefficiencies like manual work or disjointed systems can lead to costly delays, lags in communication, and poor customer or supplier relationships. Learn more about the differences between these two processes and how each can benefit from business process automation.

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How to hack your supply chain: Breaking today, building tomorrow

SCMR (Supply Chain Management Review)

It will always be prudent to reduce the use of carbon-based energy sources by making your supply chains as energy-efficient as possible.

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Maximizing Savings Opportunities and Procurement's Strategic Value for CPOs

Procurement Foundry

Saving money is not always about pinching pennies: advanced and data-driven insights enable you to identify real cost-saving opportunities, negotiate favorable contracts, and optimize supplier relationships. By leveraging these tricks, you can achieve substantial cost reductions and drive procurement excellence.

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Biden Administration Pledges $162M to Expand Domestic Chip Factories

Supply Chain Brain

$90 million will be used to improve a plant in Colorado Springs, Colorado, while the other $72 million will go towards expanding a factory located in Gresham, Oregon.

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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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Biden administration extends China tariff exclusions — again

Supply Chain Dive

The exemptions spare hundreds of import categories from added duties started under the Trump administration.

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