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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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 116
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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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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 116
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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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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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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.

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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.

Bidding 105
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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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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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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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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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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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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 98
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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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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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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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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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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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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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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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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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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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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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From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

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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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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.