Mon.Oct 21, 2024

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4 Challenges in Supply Chain Digitization and Solutions

All Things Supply Chain

In an era where technological advancements are necessary for staying competitive, the digitization of supply chains represents a pivotal shift in operational excellence.

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The revenue generation

Procurement Leaders

There are many ways that procurement brings financial value to an organisation – from the consistent delivery of year-on-year savings and cost avoidance to the strengthening of working capital positions and cash flow. But perhaps the most progressive of impacts that CPOs can pursue is to drive revenue generation – using procurement’s powers and relationships to deliver top-line impact.

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Trending Sources

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McDonald’s sues Tyson, JBS and other beef producers for allegedly fixing prices

Supply Chain Dive

The fast food giant, which is the world's largest buyer of beef, alleges major meat companies conducted illegal acts to drive down supplies.

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USPS Proposes End to Dual Shipping Label Policy

Supply Chain Brain

Private shippers will typically use dual labels to identify both the USPS and a private mail carrier as possible delivery agents for a parcel.

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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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Unwrapping Hershey’s $250M supply chain upgrade

Supply Chain Dive

The chocolate maker's Advancing Agility and Automation Initiative leans on digitization to boost visibility and optimize manufacturing and procurement.

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Spendscape by McKinsey: Vendor Analysis (Part 1) — Spend and CO2 analytics solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Spendscape by McKinsey and its solution for spend and CO2 analytics. Analytics are vital to the success of a procurement team, as data-driven decision making, improving efficiency and productivity, risk management, cost reduction and much more all depend on solid analytics. While many tools include analytics in the loosest sense, it takes an expertly designed analytics-focused tool to deliver the full value possible.

More Trending

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UPS, FedEx shipping discounts counter growing surcharges

Supply Chain Dive

Per-package ground parcel rates reached their lowest level since 2021, according to the TD Cowen/AFS Freight Index.

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Yobe Launches Next-Generation Voice Extraction Solution For Enterprises

Supply Chain Brain

The system even captures emotional cues like frustration or satisfaction, helping businesses gain deeper insights into customer sentiment, improve operational efficiency and deliver enhanced user experience.

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Amazon Business Reshape 2024

Spend Matters

During the week of September 23, I represented Spend Matters at the Amazon Business Reshape 2024 event in Dallas, Texas. The event, which hosted over 1,100 attendees (a 28% year-over-year increase), detailed Amazon Business’s growth, revealing that it has reached over $35 billion in annualized sales and serves more than 6 million business customers.

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Case Study: An NGO Helps Multinationals to Tackle Modern-Day Slavery with AI

Supply Chain Brain

With the help of a market-leading AI platform, companies can help to bring about a safer and just future for workers around the globe and their organizations to succeed.

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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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The Save Mart Companies closing two California distribution centers

Supply Chain Dive

The move will impact 527 workers as the regional grocer aims to "maximize supply chain efficiencies" in a competitive environment.

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Maersk Raises Guidance Again as Red Sea Attacks Boost Rates

Supply Chain Brain

Maersk had already raised its 2024 profit forecast in May, June and August, as the Red Sea conflict was having a larger than previously expected impact.

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Spendscape by McKinsey: Vendor Analysis (Part 2) —  Spend and CO2 analytics product-level strengths and opportunities, voice of the customer, competitors and market analysis, user considerations, analyst commentary and summary

Spend Matters

This second part of the Spend Matters Vendor Analysis on Spendscape by McKinsey’s spend and CO2 analytics solution details its strengths and opportunities. It also looks at the voice of the customer and what considerations may factor in choosing Spendscape as a potential solution provider. Part 1 of the series provided a history and overview of Spendscape’s solution and the solution’s roadmap/vision.

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Dept. of Commerce Invests $93M in Pair of Chip Manufacturing Projects

Supply Chain Brain

Once the facilities are up and running, they are expected to boost Infinera's domestic semiconductor manufacturing capacity by 10 times.

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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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Procurement Strategy And The Human Element

Procurement Insights

EDITOR’S NOTE: The following is the discussion stream resulting from a thought-provoking interview between Shaun Syversten and David Loseby which illustrates perfectly why the agent-based model is critical to ProcureTech initiative success. Shaun Syversten: “Economics, unfortunately, as originally conceived” – “many others probably before” How much do you rely on logic when making decisions in procurement?

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Boeing Proposes 35% Wage Hike in New Bid to End Lengthy Strike

Supply Chain Brain

A tentative deal between Boeing and the union doesn’t guarantee that workers will also fall in line.

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7 reasons carrier partnerships matter when shipping cross-border freight

Supply Chain Dive

Discover 7 key reasons why the right carrier partnership is crucial for shipping cross-border freight.

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Fleetio, Razor Tracking Partner on Fleet Management Platform

Supply Chain Brain

The cloud- and mobile-based system automates maintenance management for fleets, by taking in recall alerts, tracking fuel use, and logging vehicle inspections.

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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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431: Fleet Logistics Made Easy, with TSG Fleet

Let's Talk Supply Chain

   Today I’m joined by TSG Fleet , the one-stop-shop for large private fleets. TSG, part of the Transportation Services Group of companies, is a leader in outdoor industrial storage for Southern California and North Texas. And, as a full-service center for local, regional and national private fleets and intermodal carriers, TSG also provides maintenance and repair to dry vans, containers, chassis, refrigerated trailers, and straight truck vans.

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Value Chain Traceability: A Major Challenge for the Sustainable Fashion Industry

Supply Chain Brain

Technology is already playing a key role in enabling fashion brands to make huge strides in tracking their supply chains and positioning themselves at the forefront of sustainable development.

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Nurturing Innovation at the MEMA Annual Auto Conference

Arkestro

Nurturing Innovation at the MEMA Annual Auto Conference Cultivate the Future of Automotive with Arkestro The MEMA Original Equipment Suppliers Annual Conference is a two-day event which brings the supplier and manufacturer communities together to foster connections in the heart of the automotive world. This event empowers attendees by providing critical information from industry leaders and creates invaluable connections with great networking opportunities.  Suburban Collection Showplace 46100

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Hi, Jon – Zip $2 Billion Valuation, is it hype or reality?

Procurement Insights

I love the active engagement within my community – including the comments and questions I receive in the virtual mail or message bag every day. It was not surprising that one of the most frequent questions I received today related to the $2 billion Zip valuation. More specifically, what did I think about it? Here are my preliminary thoughts: As for Zip, while great news for investors, it doesn’t necessarily mean much for improving the 80% initiative failure rate.

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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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Karen Betancourt talks moving up and taking others with you

Let's Talk Supply Chain

Hurricane Milton has disrupted Florida’s logistics networks, impacting everything from road and rail transportation to portal operations. The storm has fueled effects that may disrupt industries for weeks or even months. Understanding how the industry can rebound means looking back at how logistics teams have tackled disruptions in the past and proven recovery plans.

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Magnus Mondays — SAP Spend Connect: Data, Intelligence, and Suite

CPO Rising

I spent last week in Las Vegas attending SAP Spend Connect. Spend Connect is the evolution of the old Ariba Live and now covers the entirety of SAP Intelligent Spend… The post Magnus Mondays — SAP Spend Connect: Data, Intelligence, and Suite appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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431: Fleet Logistics Made Easy, with TSG Fleet

Let's Talk Supply Chain

  Today I’m joined by TSG Fleet , the one-stop-shop for large private fleets. TSG, part of the Transportation Services Group of companies, is a leader in outdoor industrial storage for Southern California and North Texas. And, as a full-service center for local, regional and national private fleets and intermodal carriers, TSG also provides maintenance and repair to dry vans, containers, chassis, refrigerated trailers, and straight truck vans.

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7 Best Practices for Finance Contract Management

ContractSafe

Learn the seven essential best practices for finance contract management in order to streamline processes, mitigate risks, and ensure compliance.

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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.