Thu.Jan 18, 2024

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How AI and Automation Are Poised to Revolutionize the Supply Chain Industry

Supply Chain Brain

In the last few years, the growing sophistication of artificial intelligence has brought unprecedented levels of precision, efficiency and innovation to supply chain management.

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Amanda Richterkraft on Building a Career in Logistics

Let's Talk Supply Chain

It’s a new year, and there are reasons to suggest that 2024 might be a departure from the fresh chaos that has hallmarked supply chain since the 2020’s started, or at least a de-escalation. Over the last few years, supply chain professionals have navigated an endless array of challenges. When managing logistics and supply chains, they’ve responded to global pandemic factory closures, volatile and spiking inflation, and geopolitical tensions including wars that have limited critical supplies—thin

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professionals

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Trending Sources

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Businesses remain worried about disruption amid geopolitical, sourcing risks: report

Supply Chain Dive

Embracing change can mean nearshoring, retooling distribution networks and paying suppliers more for materials, according to AlixPartners.

Risk 132
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AI Is Helping Protect Healthcare Supply Chains, Study Shows

Supply Chain Brain

Forty-four percent of healthcare organizations are using AI to improve customer experiences while another 35% use this technology to forecast consumer demands.

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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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Streamlining Success: Unveiling the Power of Order Management Software in Supply Chain Optimization

SCMDOJO

Globalization has sped up business growth and enhanced the need for management tasks. In the supply chain, order management and inventory management play significant roles in rapid growth. Business success requires efficiency and effectiveness in managing an increasing number of orders. It can be problematic and require practical solutions. In this scenario, the Order Management System enters, which is capable of handling all the stress of increasing order volume.

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Aldi turns to AI to strengthen freight management

Supply Chain Dive

The supermarket chain is implementing a technology platform to centralize its global shipping volume and increase visibility.

More Trending

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Supplier sues UNFI in chargeback spat

Supply Chain Dive

Omaha Industries alleges that the grocery distributor withheld over $250,000 from invoice payments to offload its own risk.

Suppliers 132
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New Year Insights for the procurement solutions and services marketplace 2024: ORO Labs

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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Delivery has a pollution problem. These cities are working to address it.

Supply Chain Dive

A new initiative will help cities test innovative startup and corporate solutions in a bid to curb ballooning emissions, primarily from trucks.

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How Generative AI Will Shape Contracting

Supply Chain Brain

Generative AI (GenAI) has the potential to transform the contracting practices of companies by significantly reducing the contract authoring, review times, and making negotiations of commercial agreements more effective.

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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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Red Sea crisis leaves some retailers more exposed than others

Supply Chain Dive

Hardline retailers such as Wayfair, Best Buy, Beyond Inc. and RH could be most affected, according to an analysis by Jefferies.

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Unlocking the power of chatbots: Key benefits for businesses and customers

IBM Supply Chain Blog

Chatbots can help your customers and potential clients find or input information quickly by instantly responding to requests that use audio input, text input or a combination of both, eliminating the need for human intervention or manual research. Chatbots are everywhere, providing customer care support and assisting employees who use smart speakers at home, SMS, WhatsApp, Facebook Messenger, Slack and numerous other applications.

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Deep Freeze Forces U.S. LNG Exporters to Cancel, Delay Cargoes

Supply Chain Brain

The Cameron LNG export plant in Louisiana canceled at least one scheduled shipment while other deliveries from Cameron and Cheniere Energy’s Corpus Christi facility in Texas were also delayed

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Retailers Considering Airfreight, Inventory Boosts to Combat Red Sea Dangers

SCMR (Supply Chain Management Review)

As Houthi attacks continue in the Red Sea, retailers are scrambling to find alternative methods for moving their inventory, including exploring more air freight options and boosting inventory.

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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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Optionality: The Critical Supply Chain Imperative for 2024

The Network Effect

In a world of perpetual disruption, your organization will need optionality – multiple sourcing for key products, parts and raw materials.

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U.K. Government Launches New Supply Chain Resilience Strategy

Supply Chain Brain

The strategy was launched by the Minister for Industry and Economic Security, Nusrat Ghani, during a visit to Heathrow Airport in London, the U.K.’s largest import hub.

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A Case for a More Decision Centric IBP

Supply Chain Trend

Although Integrated Business Planning (IBP) is designed to make high-impact business decisions, little attention has been given to the quality of decisions in an IBP cycle. In my latest Foresight article, I argue that to continuously learn from and improve IBP decisions, decision processes ought to be integrated with the traditional IBP process and supported by Decision Intelligence technology that goes beyond existing transactional and planning technology.

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Congressional Committee Updated on Alaska Airlines Blowout Investigation

Supply Chain Brain

National Transportation Safety Board chair Jennifer Homendy and FAA administrator Mike Whitaker briefed members of the Senate Commerce Committee on their findings for about two hours January 17.

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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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Preparing for the freight rate increases expected in 2024

SCMR (Supply Chain Management Review)

Don't Get Left Behind: Stay ahead of transportation market changes with our white paper.

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Podcast | Who’s Really Paying for Tariffs on Imports of Chinese Goods?

Supply Chain Brain

Tariffs on Chinese-made imports are a response to that nation’s unfair trade practices. But who’s footing the bill?

Import 97
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Procurement 6 – January 19th, 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 19th, 2024 appeared first on Art of Procurement.

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Catalog Management in Procurement: What Is It, Types of Catalogs, Challenges and Best Practices To Manage Them

Planergy

What's Planergy? Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Learn more We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy.

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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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Experts Believe Cheap Generic Drugs Are Hurting the U.S. Supply Chain

Supply Chain Brain

Erin Fox, the associate chief pharmacy officer at the University of Utah, claimed that the most recent drug shortages in the U.S. are the “worst” in a decade.

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What can the great North American blackout of 2003 teach us about supply chain complexity, vulnerability, and resiliency

Procurement Insights

EDITOR’S NOTE: Here is my comment on a thought-provoking post in which I was tagged on LinkedIn by David Shillingford. Besides drawing parallels between Power Grids and Supply Chains, the post also provides the perfect and practical everyday-life understanding of the difference between agent-based and equation-based approaches to solving complex challenges.

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Building a Twenty-First Century Supply Chain with Dr. Elouise Epstein

HICX

Table of Contents Supplier Experience Live 2023 What is wrong with our “modern” supply chains? The biggest problem with enterprise supply chains today What is the future of supply chain technology? Why should you care about the voice of your supplier How to win together with your suppliers using data Supplier Experience Live 2023 HICX’s inaugural Supplier Experience Live Conference was opened by Dr.