March, 2024

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The Impact of Electric Trucks in the European Supply Chain

All Things Supply Chain

Ever since the horse and cart was replaced by its motorised successor, the humble diesel truck has evolved each year to become an increasingly efficient machine, capable of carrying heavier…

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UPS plans to close around 200 US facilities, shift volume to automated hubs

Supply Chain Dive

The company is consolidating locations as part of its "Network of the Future" initiative, which aims to reduce its labor needs and save $3 billion by 2028.

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Treasure Hunting with TJX

Art of Procurement

The last few years have not been kind to retailers. Inventory misalignment has dragged down revenue and working capital. Companies. The post Treasure Hunting with TJX appeared first on Art of Procurement.

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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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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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Why Container Lines Don’t Fear the Massive Supply of New Ships on Order

Supply Chain Brain

The world’s major ocean container lines can’t get enough of big new ships — never mind the threat of severe overcapacity and a resulting downward pressure on freight rates.

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AI and the practice of Procurement – Contracting and Legal

Spend Matters

Complementing our recent research into AI in procurement solution use cases and our wider theme around AI in general , Spend Matters has been undertaking a series of interviews with senior procurement practitioners to gauge the level of interest in, and infiltration of, AI and generative AI (GenAI) in the practical lives of the procurement organization today.

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4 best practices for the global supply chain of the future

Supply Chain Dive

Consulting experts, prioritizing data analytics and highlighting sustainability efforts can help ensure reliable operations in the face of global disruption.

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6 Tips for Students to Develop a Career in the Supply Chain

SCMDOJO

The supply chain industry is vital to the global economy with its complex network of activities, people, organizations, information, and resources. As businesses continue to globalize and markets become increasingly interconnected, the demand for skilled supply chain professionals is rising. Understanding the pathway to success is crucial for students eyeing a career in this dynamic field.

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PepsiCo’s Supply Chain Journey to ‘Always Everywhere’

SCMR (Supply Chain Management Review)

PepsiCo is known for its iconic food and beverage items, but it required partnering with other organizations to truly remake its supply chain on a journey to be “always everywhere” for its customers.

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Planning for Natural Disasters: A Growing Priority in Supply Chain Risk Management

Supply Chain Brain

When it comes to assessing supply chain risks, planners generally don’t place natural disasters at the top of the list. But with the growing number of extreme weather events, that could change in the coming years.

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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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Spend Matters releases the Spring 2024 SolutionMap Insider featuring 79 procurement technology solutions

Spend Matters

Today Spend Matters is delighted to announce the release of its Spring 2024 SolutionMap and TechMatch℠ procurement technology rankings, which include 79 procurement technology vendors. Known as the most data-centric functionality assessment of procurement technologies in the industry, SolutionMap Insider put these 79 procurement technology vendors through rigorous functionality and capability assessments via 500+ RFI requirements across 12 source-to-pay (S2P) categories, with mandatory demos and

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Beyond Visibility: Social Media’s Role in Reinventing Supply Chain Engagement

All Things Supply Chain

Ever peeked behind the curtain to see how your favorite products come to life? Social media’s doing exactly that, pulling back the veil on manufacturing like never before.

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3 warehouse real estate markets to watch in 2024

Supply Chain Dive

A recent wave of construction completions could help tenants secure more favorable deals at logistics hot spots near major ports and the U.S.-Mexico border.

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Revolutionizing Warehouses with Robotics: A New Era of Efficiency

SCMDOJO

The Rise of Warehouse Robotics: Revolution or Evolution? Nowadays, logistics landscapes and supply chain management are witnessing a breakthrough innovation: the automation of robots in warehouse operations. Amazon defies mere novelty, as proven by the sterling application of over 200k mobile robot units across all their fulfillment centers worldwide.

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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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CPOs Pivot AI Focus from What’s Possible to Implementation

SCMR (Supply Chain Management Review)

More procurement leaders are trying to implement AI and automation into their operations, shifting gears from a what’s possible to a how-to-implement strategy.

Strategy 109
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Finally, the Logistics Industry Embraces Modernity

Supply Chain Brain

Industry consolidation will continue this year as a proving ground for companies’ tech. Two thousand twenty-four will be the year our industry begins to realize the promises of modernity.

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VORTAL: Vendor Analysis — e-Sourcing and e-Procurement solution overview, roadmap, customer feedback, competitors, user considerations, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis we provide an overview of VORTAL and its source-to-pay (S2P) solution. Procurement organizations increasingly demand efficient and streamlined processes. Traditional procurement processes can be complex, time-consuming and manual, leading to inefficiencies, a lack of transparency and increased risk. To overcome these challenges organizations often look for a technology solution that offers automation, centralized data management and streamlined workflows.

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The Red Sea Dilemma for Shippers: Extended Transit, Rising Costs and Increased CO2 Emissions

All Things Supply Chain

Amidst escalating attacks and a seemingly unending crisis, the Red Sea predicament is poised to disrupt trade volumes significantly and pose formidable challenges to shippers’ operational strategies at least in…

Strategy 246
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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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Supply chain, manufacturing and procurement ‘a very big focus’ for cost-cutting CFOs

Supply Chain Dive

Executives' 2024 priorities make sense given geopolitical tensions and the rising costs of raw materials and other inputs, said Boston Consulting Group's Paul Goydan.

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Unlocking Insights with Life Cycle Inventory Analysis

SCMDOJO

In today’s increasingly eco-conscious world, understanding the environmental impact of our actions is paramount. This is where the Life Cycle Inventory (LCI) comes into play. A comprehensive analysis of the energy and material inputs, outputs, and environmental impacts associated with a product’s life cycle, LCI helps us unlock valuable insights into sustainable practices.

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Finding the Right Approach for Supply Chain Education

SCMR (Supply Chain Management Review)

The COVID pandemic accelerated the adoption of online supply chain education. Today, organizations and employees have their choice of online, in-person or hybrid learning environments, but there is no one-size-fits-all approach.

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The ‘No-Fail’ Mission to Protect the Red Sea Isn’t Working

Supply Chain Brain

For all the costly hardware the U.S. and its allies have thrown at Houthi rebels, they haven’t been able to stop the attacks on freighters and warships in the Red Sea.

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The Evolution of Control Towers to Command Centers

Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Today’s volatile landscape requires inherent visibility across your entire value chain and the ability to orchestrate course corrections within a unified platform.

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Autogmentation Part 5: A detailed examination of GenAI features in procurement tech

Spend Matters

Procurement has not been immune to the latest evolution in technology. While initial automations initially increased process velocity by taking over more tactical, repetitive tasks, they gradually evolved to cover more complex ones. At first, these only required more analytical activities to augment human workers, but they eventually evolved from predictive and prescriptive analytics towards more embedded and autonomous analytics that directly help execute the workflows.

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Katie Date on Bringing Women in Supply Chain Together

Let's Talk Supply Chain

Q2 is just around the corner. 2024 has brought a fresh sense of urgency to the global supply chain amidst growing regional wars and tensions, and calls from climate scientists have kept sustainability initiatives a top priority. Rising sea levels and major American metropolitans slowly sinking have climate scientists on high alert and raising the alarm for government and commercial organizations.

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Delivery provider Point Pickup ceases operations as it seeks a sale

Supply Chain Dive

The company is looking to find a buyer quickly, as its "assets are basically melting ice cubes — they are losing money," a lawyer said.

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Elevating Supply Chain Visibility through Effective Marketing

SCMDOJO

Discover Ways to Boost Supply Chain Visibility through Digital Marketing Supply chain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. When customers have transparency into product availability, delivery timelines, and order status, they are more likely to complete purchases and continue shopping with a business.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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The Dawn of AI in Procurement: Unleashing a New Era of Efficiency and Insight

SCMR (Supply Chain Management Review)

The promise of faster transactions, lower costs, and widespread executive buy-in are driving AI-powered procurement to deliver new efficiencies and insights.

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Four Keys to Realizing Flexible Fulfillment of E-Commerce Orders

Supply Chain Brain

The adoption of e-commerce as the consumer’s retail channel of choice has increased by 30% post-pandemic, spurring urgent mandates for e-tailers to scale operations and services.

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Meet AI in Sourcing

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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Lead Scoring: Definition, How To Score, and Lead Scoring Models

The Thomas Blog

Lead scoring is a strategy used to rank prospects according to their potential to become customers. It involves assigning numerical scores to each lead based on various attributes, including: demographic information, engagement with the brand's digital presence, and other behaviors indicative of their interest. This system helps sales and marketing teams prioritize leads, tailor their outreach strategies, and ultimately, improve conversion rates.

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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.