Tue.Oct 01, 2024

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Strike at U.S. Ports Brings Debate Over Automation Front and Center

Supply Chain Brain

Even if the dispute between the ILA and USMX is resolved quickly, the battle over automation at U.S. ports is set to rage on for a good long while to come.

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Did the ILA strike fully shut down East and Gulf Coast ports? We asked.

Supply Chain Dive

At least 12 ports were significantly affected on Tuesday, but not all terminals are at a standstill.

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CPO Crunch: A productive event

Procurement Leaders

We would all love to be more productive. After all, getting more output from the same, if not fewer, resources is one of the guiding principles of a growth-based strategy. It’s why countless CPOs have told us that it will be a key priority for them next year, and, by extension, it’s why a good proportion of our community activities in 2025 will focus on the productivity conundrum.

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Layoffs mount amid low manufacturing demand: September PMI

Supply Chain Dive

The presidential election, an East Coast port strike and the impact of Hurricane Helene are creating a flurry of challenges for manufacturers this fall.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.

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U.S. Imposes Duties on Solar Panels From Southeast Asia

Supply Chain Brain

The determination marks an early victory for domestic panel makers, who say cheap imports are harming their operations.

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Top supply chain conferences to watch in 2025

Supply Chain Dive

Next year’s trade shows will focus on adopting technology innovations, navigating logistics risks and securing new talent.

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Why FedEx still doesn’t have a new contract with its pilots

Supply Chain Dive

A federal mediator rejected a union request to be released from supervised negotiations as pilots push for better pay and retirement benefits.

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ILA 'Muddying Waters' with Claims of $30K Freight Rates

Supply Chain Brain

The union recently claimed that carriers "are gouging their customers," alleging that it now costs $30,000 to ship a single container. Not so, says freight rate analytics company, Xeneta.

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Aldi plans to reach net-zero emissions targets by 2050

Supply Chain Dive

The grocer’s parent company said it will focus on refining various operations, including product sourcing and refrigeration, to achieve its goal.

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Explosive-Packed Drone Boat Slams Into Oil Tanker in Red Sea

Supply Chain Brain

The 900-foot ship was hit by an uncrewed surface vessel 64 nautical miles northwest of the rebel-held port city of Hodeidah.

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The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?

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Embracing the Future at Graceland: Insights from the Basware Premier Event

Spend Matters

During the week of September 9th, I attended the Basware Premier Event in Memphis — a fantastic gathering that delved into several key topics, including touchless invoice processing to accelerate workflows, the importance of ROI assessments and how AI can enhance AP outcomes. A customer panel shared their experiences with processing thousands of invoices and how Basware supported them in improving accuracy.

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Shippers, Carriers Scramble to Deal with U.S. Port Workers’ Strike

Supply Chain Brain

Alternative East Coast ports — including Montreal, where half of the terminals are shut down by a strike — will not be able to handle large scale diversions.

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How’s your PO management? Start with the basics before moving on to AI

Spend Matters

This content does not express the views or opinions of Spend Matters Given the persistent economic uncertainty and inflation-induced price increases, reducing purchasing costs remains a priority for most procurement stakeholders in 2024, followed by ensuring supply continuity and combating rising prices. To guarantee that the business receives the necessary goods and services at the best quality-price ratio, procurement professionals strive to streamline purchase order management practices and i

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Autonomous Sourcing: The Key to AI-Enhanced, Efficient Procurement

Supply Chain Brain

Autonomous sourcing platforms, driven by artificial intelligence, are achieving significant returns on investment, according to a new report by research firm HFS.

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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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AOP Introducing… SimpliContract

Art of Procurement

SimpliContract is on a mission to create what its Founder and CEO, Guru Venkatesan, calls a “connected contract experience.” Contract. The post AOP Introducing… SimpliContract appeared first on Art of Procurement.

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What’s new in Fraxion: Mobile app features and enhancements

Fraxion

We’re excited to introduce the latest enhancements to our Mobile app. The new features include purchase order (PO) visibility and downloads, receiving capabilities, and predictive defaults for request line items.

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Watch: Where Are Order Management Systems Falling Short?

Supply Chain Brain

Deanna Kaufman, vice president of product management with Körber Supply Chain Software, argues that every order management system (OMS) today must be “borderless.

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Late Night Edition: What is the connection between CPO leadership effectiveness and ProcureTech implementation success or failure?

Procurement Insights

In one of today’s discussion streams, I asked the question why have we made so little progress in addressing the challenges that we face in procurement. Here is an answer I received: “ Jon W. Hansen Wrong prioritization! „Sorry, no time for improvements, we are too busy with stupid useless activities!“ And: weak CPOs.” – Procurement Executive, Trainer, Consultant Here is my response: Right to the point; I respect that.

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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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Is Procurement a back office function in 2024?

Procurement Software

1999. The year I first tasted procurement. I was doing a summer job as a Buying Assistant in an automotive gearbox manufacturing company in my hometown. Procurement, or purchasing as it was usually called back then, was definitely a back office function. Yes, there was some sourcing and supplier management involved as part of the team’s activity. The majority of their work though was tactical and administrative buying.

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Two Simple Images: Why The Akirolabs’ Webinar Is In My All-Time Top 3 List

Procurement Insights

I am going to show you two simple yet powerfully insightful images with corresponding links to demonstrate why the best ProcureTech solutions don’t come from tech companies. In 1998, my company’s solution was structured around levels “three to five,” as depicted in the above graphic. Here are the corresponding reference links that explain how we got there and what we achieved: Are you chasing solutions or solving problems?

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Beyond the Fine Print: The Smart Guide to Contract Negotiation

Shapiro Negotiations Institute

Contracts. The lifeblood of business and often the bane of our existence. We’ve all been there – staring down a 50-page document, wondering if we’re about to strike gold or step on a landmine. Your palms might get a little sweaty, and your coffee intake might spike, but deep down, you know this is where the magic happens. It’s here where real deals are made and broken.