Sun.Aug 11, 2024

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A Pharma Giant Invests in the Future of Tech for Managing the Cold Chain

Supply Chain Brain

If you’re looking to get a glimpse into the future of technology for managing the pharmaceutical cold chain, pay attention to where investors are placing their bets.

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Nearshoring or Offshoring? Tips to Choose the Right Strategy

NLPA (Next Level Purchasing Association)

When cost savings is the main driver of a sourcing initiative, many consider looking at what is available abroad, in countries where both labor rates and material costs are known to be more competitive than in the US. Nearshoring and offshoring are two popular strategies that can help companies achieve these goals. However, deciding which strategy is right for your business can be complex.

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A ‘Shift-Left’ Strategy Moves Supply Chain Planning Further Upstream

Supply Chain Brain

Manufacturers are now asking whether they should reach further back in the chain, in their pursuit of both resilience and growth opportunities.

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Here is a more direct path to procurement’s AI success (Late Night Edition)

Procurement Insights

Stephany Lapierre , this will read well in a brochure: “We could have used other technologies to deliver answers back to users but customers liked the conversational and contextual UX and the addition of agentic search capabilities to provide more context on suppliers (as long as we can expose provenance).” Let’s try this – What is a self-learning algorithm?

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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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Pitney Bowes to Liquidate E-commerce Logistics Unit in Bankruptcy

Supply Chain Brain

The company’s global e-commerce business lost $136 million in 2023, Pitney said.

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Transforming Procurement at Roche: A Roadmap for the Future

Art of Procurement

“What ultimately drove all of us – leadership team, colleagues, and people in procurement – was the excitement about the. The post Transforming Procurement at Roche: A Roadmap for the Future appeared first on Art of Procurement.

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Fedex & UPS Offering Competitive Prices, Who Knew?

Procurement Bulletin

Fedex & UPS Offering Competitive Prices, Who Knew? If you’re an SMB (small business), you might be eligible for competitive pricing from the big couriers like Fedex and UPS. As both delivery companies compete for more customers, the competition is benefiting small businesses. The Future of Auto Manufacturing: Robots AI robot startup, Figure, released new video showing off their latest AI-driven robot iteration building a BMW.

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Stellantis to Cut Jobs at Michigan Plant to Tame Inventories

Supply Chain Brain

The layoffs at the Warren truck plant could begin as soon as October 8, and union members will be given the opportunity to work at other plants, Stellantis said.

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What is your least favorite ProcureTech BUZZword or term?

Procurement Insights

What is democratizing data? Data democratization is the ongoing process of enabling everybody in an organization, irrespective of their technical know-how, to work with data comfortably, to feel confident talking about it, and, as a result, to make data-informed decisions and build customer experiences powered by data. – Amplitude, Jan 27, 2022 What is the democratization of AI data?