Mon.Mar 25, 2024

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Beyond Visibility: Social Media’s Role in Reinventing Supply Chain Engagement

All Things Supply Chain

Ever peeked behind the curtain to see how your favorite products come to life? Social media’s doing exactly that, pulling back the veil on manufacturing like never before.

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CPO Crunch: Think intelligently about artificial intelligence

Procurement Leaders

Question: What’s driving your thinking when it comes to the rollout of artificial intelligence in procurement? Is it the efficiencies that might be gained from harnessing the technology? How about the insights that might be available? Or is it more fundamental, such as the potential new business models that might become possible? Or – whisper it quietly – the risks you face from not thinking about it at all?

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Trending Sources

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AI and the practice of Procurement – Contracting and Legal

Spend Matters

Complementing our recent research into AI in procurement solution use cases and our wider theme around AI in general , Spend Matters has been undertaking a series of interviews with senior procurement practitioners to gauge the level of interest in, and infiltration of, AI and generative AI (GenAI) in the practical lives of the procurement organization today.

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6 Tips for Students to Develop a Career in the Supply Chain

SCMDOJO

The supply chain industry is vital to the global economy with its complex network of activities, people, organizations, information, and resources. As businesses continue to globalize and markets become increasingly interconnected, the demand for skilled supply chain professionals is rising. Understanding the pathway to success is crucial for students eyeing a career in this dynamic field.

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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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Ahead of the curve: How generative AI is revolutionizing the content supply chain

IBM Supply Chain Blog

The global adoption of generative AI is upon us, and it’s essential for marketing organizations to understand and play in this space to stay competitive. With content demands expected to grow in the next few years, organizations need to create more content at a faster pace to meet customer expectations and business needs. Knowing how to manifest these improvements is not always clear: Enter generative AI and the content supply chain.

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Revolutionizing Warehouses with Robotics: A New Era of Efficiency

SCMDOJO

The Rise of Warehouse Robotics: Revolution or Evolution? Nowadays, logistics landscapes and supply chain management are witnessing a breakthrough innovation: the automation of robots in warehouse operations. Amazon defies mere novelty, as proven by the sterling application of over 200k mobile robot units across all their fulfillment centers worldwide.

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Intel’s $8B in CHIPS funding should provide suppliers confidence

Supply Chain Dive

The chipmaker's hundreds of U.S. suppliers should prepare for "when the taps turn on," according to one expert.

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Air Cargo Week: The Power of Predictive Procurement in Logistics

Arkestro

The integration of digital tools, particularly predictive procurement, has revolutionised the logistics landscape, transforming them from mere add-ons to indisp

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Celebrating the women of IBM AI Ethics

IBM Supply Chain Blog

For more than 100 years, IBM’s founding principles have inspired efforts to promote equality, fairness and inclusion in the workplace and society. The company has lived the value of “respect for the individual” by championing employment practices that reward ability over identity and that make work more attainable for all. In 1935, approximately twenty years after IBM was founded, it began hiring women into professional roles.

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Canopy: Vendor Analysis — SIM solution overview, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis gives an overview of Canopy, a supplier information management (SIM) solution that focuses on supplier data and due diligence. It is critical to ensure an organization knows the suppliers it works with, has all the required information on suppliers and that the information is up-to-date. Decisions about whether to work with a supplier can be simple or complex, depending on the screening and attention that supplier requires This data collection process and data

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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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Bill to Speed Up Flow of Crucial Cargo During Emergencies Goes to U.S. House Floor

Supply Chain Brain

The FAST PASS Act would mandate the secretary of transportation to study how critical cargo can be expedited in emergencies like hurricanes and pandemics.

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Nestlé launches pair of initiatives to decarbonize cocoa supply chain

Supply Chain Dive

The global food company said its new projects aim to reduce and remove over 500,000 metric tons of carbon over a 20-year period.

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Case study: Parcel Spend Transformation

Supply Chain Brain

Embark on a journey of savings as we unpack parcel spend operations with Reveel. Discover the nuanced strategies that propel our customers to achieve substantial savings in shipping operations.

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Mitigating the impact of climate change in insurance and other financial services  

IBM Supply Chain Blog

As the effects of climate change intensify, extreme weather events are becoming increasingly frequent and severe. The US experienced 25 extreme weather events in 2023, each causing losses of over USD 1 billion, with a total cost of USD 73.8 billion. These climate events have a huge potential impact on financial institutions. In 2021, large-scale floods affected the European countries of Austria, Germany, Belgium, the Netherlands and Luxembourg, causing USD 43 billion worth of damage in addition

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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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MARAD to Ships: Turn off Transponders in Red Sea

Supply Chain Brain

The advisory also highlights Houthi deceptive communications, provides information on the new Joint Maritime Information Center, and updates other threat info.

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Electronics Supply Chain Seeks Balance in 2024

SCMR (Supply Chain Management Review)

Labor costs continue to rise in the electronics supply chain, but industry research finds materials costs and backlogs easing.

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How to Overcome Challenges to Creating Sustainable Supply Chains

Supply Chain Brain

For global supply chains striving to meet growing expectations of sustainability, transparency and traceability are essential capabilities.

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At the Panama Canal: Booking slots open up at a waterway on the mend

Supply Chain Dive

The canal authority increased daily booking slots to 27 and implementing long-term solutions like cross-filling.

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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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New Numbers Show Mixed Year for Port of Vancouver in 2023

Supply Chain Brain

Although cargo volumes were up 6% at the Port of Vancouver in 2023, container volumes were down 12% due to a variety of factors.

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If You Are A Solution Provider “Selling” To Procurement – Stop It!

Procurement Insights

This is the fourth video in this series. In the previous three, I provided successful case studies involving the following organizations: GE Capital A.G. Simpson Lear Corporation General Motors Kellogg’s Kodak Deloitte Touche (now Deloitte) Before proceeding to the next case studies, starting with the Department of National Defence contract, I would like to discuss how to build your own success stories.

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Cut costs and emissions with lithium-ion forklifts

SCMR (Supply Chain Management Review)

Read the case study to unpack how the change to this electric power option can help operations limit costs, reduce emissions, improve work environments and boost labor utilization.

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EU Corporate Due Diligence Law Adopted

Supply Chain Brain

Foreign companies will be required to designate their authorized representative based in the member state in which they operate.

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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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Maersk seeks bigger stake in booming cross-border market

Supply Chain Dive

The Tijuana, Mexico, facility will target the technology, automotive, retail and lifestyle sectors.

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Boeing CEO Dave Calhoun Announces Resignation

Supply Chain Brain

Calhoun plans to “complete the critical work under way to stabilize and position the company for the future” over the coming months, the announcement said.

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February and year-to-date U.S. import volume is solid, reports S&P Global Market Intelligence

SCMR (Supply Chain Management Review)

February imports, at 2.44 million TEU (Twenty-Foot Equivalent Units) increased 21% compared to February 2023. And when taking into account, the timing of the Lunar New Year, coupled with the impact of ongoing Red Sea and Panama Canal disruptions, the firm explained that U.S.-bound imports over the first two months of 2024, at 5.04 million TEU, posted a 14% annual increase over 2023’s 4.40 million TEU.

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Watch: How Are Supply Chains Impacting M&A Dealmaking?

Supply Chain Brain

Debra Hatter, partner with Norton Rose Fulbright US LLP, discusses the findings of the law firm’s second annual Global M&A Trends and Risks Report.

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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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Intermodal visibility on rail: How it works and KPIs

Supply Chain Dive

Container visibility on rail is crucial to plan pickup times and avoid fees. Here are key events to watch.

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The Evolution of Physical Security Technology in the Supply Chain Industry

Supply Chain Brain

In 20 years, the evolution of physical security in the supply chain may be remembered as one of the greatest driving forces of change in the supply chain industry.

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Jonathan O’Brien delivering a guest lecture for Metropolia University of Applied Sciences

Positive Purchasing

Procurement MBA Students Prepare for Expert Insights in Supplier Relationships and Innovation On 2 April, our CEO Jonathan O’Brien, will be delivering an online guest lecture on ‘Supplier Relationships and Innovation’ to Procurement MBA students at the Metropolia University of Applied Sciences. The event is designed as part of the university’s curriculum to improve the skillset of future procurement professionals.

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Negotiating Rationally with Irrational Humans

Negotiations Ninja

Humans aren’t rational beings. It’s been studied and proven repeatedly. We may desire to make rational decisions. We may think we’re making rational decisions. But the truth tells a different story. Can a rational negotiation framework be applied to an irrational human? Andreas Winheller points out that you have to start with research.

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro