Tue.Mar 12, 2024

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Crisis Management 101: A Supply Chain Primer

SCMR (Supply Chain Management Review)

Many supply chains have developed plans to navigate through disruptions, but fewer have detailed crisis management plans to implement should the unthinkable happen.

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Watch: How Marketers Can Build Trust in Their Brand

Supply Chain Brain

Georgia Wraight, a strategic executive leader and former executive with Covetrus and The Rockport Group, discusses the importance of brand today, and shares tips on building brand trust for all stakeholders.

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Advance Auto Parts consolidating supply chain for efficiency, inventory availability

Supply Chain Dive

The auto parts retailer has long used two distinct distribution center networks to replenish its store inventories, stemming from an acquisition made a decade ago.

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Pirates Board Commodity Ship Off the Coast of Somalia

Supply Chain Brain

The attack is the most recent sign of a fresh bout of Somali piracy in the Indian Ocean, coinciding with a slew of attacks on merchant shipping in the Gulf of Aden and the Red Sea.

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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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What we learned at Manifest Vegas 2024

Supply Chain Dive

Companies discussed crucial leadership skills, employee retention, and the use of AI and machine learning at this year’s conference.

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AI-Powered Dynamic Slotting Drives Warehouse Optimization

Supply Chain Brain

Slotting has a significant impact on all the warehouse key performance indicators – productivity, shipping accuracy, inventory accuracy, warehouse order cycle time, and storage density. Yet, typical warehouses have less than a third of items located in optimal locations.

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Meet AI in Spend Analytics

Spend Matters

Artificial intelligence (AI) comes in many forms (for a complete history of AI in procurement see our recently published autogmentation series) and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry. In this series of articles we explore the current state of AI in procurement technology.

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How the SEC climate rule will impact manufacturers’ supply chains

Supply Chain Dive

Even with scope 3 emissions left out of the new rule, contract manufacturers should be prepared to report emissions data as more states adopt disclosure requirements, experts say.

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Supply Chain Transparency and Traceability in the Fashion Sector

Supply Chain Brain

To meet changing consumer expectations and comply with new sustainability laws, traceability in the fashion and apparel supply chain is key.

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Unlocking Competitive Advantage With Future Skills: The Power of Cost Optimization

Skill Dynamics

What is strategic cost management? In brief, strategic cost management is implementing effective cost optimization strategies that lead to improved profitability, operational efficiency, and resource allocation. It’s an approach that many businesses need. After all, from global economic uncertainty and shifting consumer preferences to regulatory changes, the pressure to stay competitive while maximizing profitability has never been more intense.

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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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Data Is Environmentally Dirty. What to Do?

Supply Chain Brain

Now that data is mostly out there, in the cloud, it seems easy to imagine that it’s “clean.” Time to think again.

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Egg and chocolate prices could upend Easter: Wells Fargo

Supply Chain Dive

The banking giant said prices of the protein will remain elevated through the holiday as producers work to rebuild their flocks of egg-laying hens.

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China’s Xiaomi to Start Electric Car Sales

Supply Chain Brain

The smartphone giant has said it will invest $10 billion in its vehicles business over the next 10 years.

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Procurement in pictures from the Far Side (and Calvin)

Procurement Insights

A Procurement Professional’s View of Supply Chain Disruption Buyer-Supplier View of Negotiations A Non-Procurement Person’s Understanding of Procurement 30

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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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Will AI in Procurement make us all irrelevant?

Procurement Software

AI in procurement – especially generative AI – is going through the hype phase at the moment. But make no mistake. In one form another, it’s here to stay. It’s reasonable to expect that its wings will be clipped by some data privacy and confidentiality concerns , especially in large enterprises. I suspect there will be a lot of challenges from information security (IS) and legal departments.

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Conquer the Shared Drive of Chaos: How to Migrate to a New Contract Management System

ContractSafe

Is your contract management system more like a “shared drive of chaos?” Everyone who needs it has access, and most things are in there somewhere (except for the ones that Susan from Sales saved to her desktop and never moved into the shared drive). But there’s no consistent organization and the scans are not searchable, so good luck finding what you need.

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AOP Introducing… Cofactr

Art of Procurement

In this episode of AOP Introducing, Helen Mackenzie speaks with Matthew Haber, CEO and co-founder at Cofactr. Before finding procurement, The post AOP Introducing… Cofactr appeared first on Art of Procurement.

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How utilities can prepare for extreme weather with data and AI

IBM Supply Chain Blog

Extreme weather events can be catastrophic to both people and the environment. But flash floods, hurricanes and winter storms also profoundly impact utilities. With electricity being the backbone of modern life and business operations, a loss of power can have disastrous consequences that require more than a flashlight and battery-powered radio to be solved.

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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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United CEO Tells Boeing to Stop Making Its Long-Delayed Max 10s

Supply Chain Brain

The plane’s certification, expected this year, has been pushed back indefinitely as Boeing addresses issues in its factory.

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The business case: how to get a budget for procurement tech

The Procuretech Podcast

In this episode of The Procurement Software Podcast, host James Meads announces the rebranding of the podcast and explains the reasons behind it. Initially launched as The Procuretech Podcast, the show has evolved over the years and now aligns with the procurementsoftware.site brand. Tune in to stay updated and inspired by the exciting developments in the field.

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Boeing Woes Continue as Issues Mount and Rival Airbus Widens Lead in Orders

Supply Chain Brain

A rough start to the year for Boeing has only gotten worse as the company continues to hit hurdles.

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Chinese Crane Maker Refutes U.S. Cybersecurity Concerns

Supply Chain Brain

The Biden administration recently announced it would replace the nation’s Chinese-built port cranes with Japanese ones.

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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.