Thu.Feb 15, 2024

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Three Critical Steps Toward Mastering Total Inventory Optimization in 2024

Supply Chain Brain

Just months after snarled supply chains led to widespread inventory shortages, the proverbial pendulum has decidedly shifted to the other side.

Inventory 132
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Mastering Warehouse Labeling for Clear Inventory Control

Finale Inventory

Warehouse labeling can seem like a tedious aspect of inventory control, but it can have a huge impact on your warehouse operations. It’s the difference between hunting for an item and wondering if it’s even the right product when you do find it, or knowing you have the right item in hand within seconds. This is what separates your business from frustrating delays and agitating customers to timely deliveries and raving reviews–and is what the right labeling setup can help facilitate S

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Trending Sources

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Staff Shortages Remain Top Challenge for Supply Chain in 2024

Supply Chain Brain

Respondents expressed optimism in the economy, and more than 50% say they’ve seen a “greater focus and understanding of supply chains” from those in the C-Suite.

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Accenture to acquire procurement consultancy Insight Sourcing

Supply Chain Dive

The consulting giant sees an opportunity to help private equity firms tackle management of spend, cost and suppliers across their portfolios.

Sourcing 126
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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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Composing the Ideal Supply Chain Symphony

SCMR (Supply Chain Management Review)

With all the technology, labor issues and innovation taking place in supply chain, making it all work together is akin to a large-scale musical production.

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Warehouse rents poised to keep climbing after record 2023

Supply Chain Dive

Lease rates jumped more than 20% to reach $9.72 per square foot last year, according to data from Colliers.

Data 139

More Trending

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Walmart lands further FedEx Ground discounts for third-party sellers

Supply Chain Dive

The lower rates through Ship with Walmart come in a soft demand environment where carriers are more amenable to reduced rates.

Demand 126
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Unveiling the transformative AI technology behind watsonx Orders

IBM Supply Chain Blog

You’re headed to your favorite drive-thru to grab fries and a cheeseburger. It’s a simple order and as you pull in you notice there isn’t much of a line. What could possibly go wrong? Plenty. The restaurant is near a busy freeway with roaring traffic noise and airplanes fly low overhead as they approach the nearby airport. It’s windy.

Data 84
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CPKC, Bison Transport ink intermodal services agreement

Supply Chain Dive

The deal is among several partnerships between segment players to capitalize on growing cross-border shipping traffic.

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Maersk: Red Sea Diversions Could Extend into Second Half of 2024

Supply Chain Brain

Maersk said that it has added about 6% more vessel capacity to its schedule to keep the flow of trade moving, further adding to the company’s operational costs.

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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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Cocoa supply issues could lead to smaller chocolate bar sizes: expert

Supply Chain Dive

Producers may experiment with new product formulations to avoid recent heavy price hikes on chocolates.

Price 134
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Practicing Green Logistics in Supply Chain Management

Supply Chain Brain

The push for supply chain sustainability comes with many built-in benefits, including lower costs, increased efficiency and stronger customer loyalty.

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The start of the “real” talent war in procurement

Procurement Insights

I remember when a restaurant buffet had one – maybe two stations offering a variety of a maximum of 10 to 15 dishes. At the time, I remember thinking, wow, what a selection. How will I choose what to eat? Inevitably, I would take a small sampling of each, and after trying them at the table, if I went back for seconds, I would select my one or two favorites.

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Rite Aid to lay off employees as it transitions California warehouse operations

Supply Chain Dive

The drugstore chain will close its Woodland distribution center and shift work to its facility in Lancaster, the company told Supply Chain Dive.

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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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The top ESG trends in 2024

IBM Supply Chain Blog

ESG (environmental, social and governance) factors may not be the first thing that pops up when you search “what’s trending?” And yet, it has become a household (or rather, boardroom) acronym for today’s companies. It refers to a set of metrics used to measure an organization’s environmental and social impact and has become increasingly important as it relates to a company’s business model, risk management strategy , reporting requirements and more.

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Log-hub Update Includes 3D Maps for Supply Chain Visualization

Supply Chain Brain

Log-hub said that its 3D maps offering will provide users with increased efficiency and more strategic insights into how companies navigate global supply chain networks.

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6 Ways to elevate the Salesforce experience for your users

IBM Supply Chain Blog

Customers and partners that interact with your business, as well as the employees who engage them, all expect a modern, digital experience. According to the Salesforce Report, nearly 90% Of buyers say the experience a company provides matters as much as products or services. Whether using Experience Cloud, Sales Cloud, or Service Cloud, your Salesforce user experience should be seamless, personalized and hyper-relevant, reflecting all the right context behind every interaction.

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January retail sales begin 2024 with mixed readings

SCMR (Supply Chain Management Review)

Commerce reported that January retail sales, at $700.3 billion, were off 0.8% compared to December and up 0.6% compared to January 2023. NRF reported that January’s core retail sales, which it bases on Census data and excludes automobile dealers, gasoline stations, and restaurants, fell 0.8%, from December to January, while increasing 2.8% annually.

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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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How to achieve Kubernetes observability: Principles and best practices

IBM Supply Chain Blog

Kubernetes (K8s) containers and environments are the leading approach to packaging, deploying and managing containerized applications at scale. The dynamic, open-source , microservices-based configuration of Kubernetes can be a great fit for businesses that are looking to maximize infrastructure agility. However, the distributed flexibility that makes Kubernetes appealing can also make implementing Kubernetes monitoring and observability practices challenging.

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Procurement 6 – February 16th, 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 – February 16th, 2024 appeared first on Art of Procurement.

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Retail technology and frontline workers: Delivering unforgettable customer experiences

IBM Supply Chain Blog

The retail industry employs millions of people, and next-generation retail employees will be significantly impacted by the rise of generative AI. I’m a firm believer that exceptional brick-and-mortar retail, no matter the product category, stands on three essential pillars for success: Proud, well-trained, engaged team members with clear career paths A brand deeply rooted in strong cultural values A backbone of superior technology Missing any of these elements?

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China-U.S. Average Container Leasing Rates Up Threefold Since November

Supply Chain Brain

An industry expert from a Californian freight forwarding company said they anticipate organizations will have to deal with equipment shortages due to vessels being rerouted away from the Red Sea.

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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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Climate change examples

IBM Supply Chain Blog

What do global climate change and global warming look like? Surface temperature statistics paint a compelling picture of the changing climate: 2023, according to the European Union climate monitor Copernicus, was the warmest year on record—nearly 1.5 degrees Celsius warmer than pre-industrial levels. To gain a holistic understanding of the current climate crisis and future climate implications, however, it’s important to look beyond global average temperature records.

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Global Supply Chain Management: Best Practices and Trends

HICX

As an increasing number of organizations engage with vendors on a global level to fulfill their supply chains, the need for supply chain robustness has never been so critical. It ensures businesses can maintain performance and avoid potential disruptions as and when they occur, resulting in securing their reputations and avoiding losses in revenue. This has been acutely highlighted since the turn of the decade due to global events.

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How Kubota is changing the status quo in agriculture and sustainability with technology

IBM Supply Chain Blog

Kubota, a Japanese-based services and technology provider within the agriculture, water and environmental industries, has a keen focus on innovation and sustainability. A few years ago, Kubota aimed to tackle operational efficiency challenges, water and sewage systems maintenance issues, and staff shortages that many local companies faced. Simultaneously, it attempted to commit to its zero carbon city declaration, which aims to virtually eliminate carbon dioxide emissions by 2050.

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Podcast | Can Mexico Live Up to Its Potential as a Nearshoring Hub?

Supply Chain Brain

As manufacturers look to shift production to North American, Mexico appears to hold all the cards. But is there a joker or two in the deck?

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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.

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How IBM is using Real User Monitoring and DNS to deliver premium Global Server Load Balancing for business-critical applications 

IBM Supply Chain Blog

Global Server Load Balancing (GSLB) isn’t for everyone. If your business operates at a local or regional level, regular load balancing will probably meet your needs. Yet, for some larger enterprises or businesses with a worldwide user footprint, GSLB is an essential service. Having a “load balancer for load balancers” keeps your traffic distributed in an efficient way and ensures the performance that your customers expect from an internet-enabled application.

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General Motors, Panasonic Sign Investment Deals with Canadian Graphite Producer

Supply Chain Brain

GM and Panasonic have each committed to purchase 18,000 metric tons of active anode material annually over a period of six to seven years, Nouveau Monde Graphite said.

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AP automation solutions: Streamlining accounts payable for efficient operations

Fraxion

For companies of all sizes, it's crucial to ensure that your financial operations run smoothly for sustained growth and a competitive edge. Efficiently handling accounts payable (AP) is essential for financial accuracy, timely payments, steady cash flow, and positive vendor relationships. However, the traditional ways of handling accounts payable often lead to inefficiencies and errors.

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Oil Demand Growth Slowing as Non-OPEC Supply Increases

Supply Chain Brain

The IEA said that it anticipates oil demand will peak by 2030 as the world attempts to transition to cleaner energy sources. OPEC says it will peak after 2044.

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro