April, 2019

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AI and All That – Ivalua Now Looks to the Future

ivalua

The afternoon of the first day at the Ivalua Now event in Paris had a strong AI (artificial intelligence) flavour. (Now there’s an interesting question – if AI had a flavour, what exactly would it be? Fresh mint, maybe? Or aluminium, perhaps?) Anyway, there were also a couple of very good customer cases studies, but we’ll save those for a future discussion and focus on AI here.

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Three common weaknesses in supply chain

Supply Chain Trend

In a recent Forbes article , three common supply chain weaknesses are highlighted: Being reactive rather than pro-active. Lack of visibility. Lack of accountability. The behavioural weaknesses – lack of pro-activity and accountability should be no surprise to me or the readers of my blog. As t he S&OP mindset study I conducted with Supply Chain Movement in 2017/2018 show similar results.

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Why The Time Is Now for Sustainable Procurement

Jaggaer

Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. Over the past several years, f ew topics have been as critical for global corporations as sustainability – investors, consumers, executive teams and other organizational stakeholders have realized that corporate responsibility doesn’t just build a better world, but also drives financial value.

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Put an End to Data-Management Woes in Your Supply Chain With MDM

Supply Chain Brain

As supply-chain design and management struggles to live up to modern-day business imperatives, enterprise decision makers have turned their gaze toward the inefficiencies plaguing it.

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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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5 Ways Artificial Intelligence Is Transforming the Business Landscape

The Network Effect

Artificial intelligence (AI) is here, it’s powerful and it’s growing. While the transformation is taking longer than some predicted, the. The post 5 Ways Artificial Intelligence Is Transforming the Business Landscape appeared first on The Network Effect.

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Different Pathways to Achieving Successful TMS Implementation

Supply Chain Collaborator

These days, there are so many TMS solution options it is almost easier to choose the wrong one than the right one. Here are three steps you can take to help determine how to engage the right solution for your organization and avoid wasting time and money deploying TMS tools that end up being a poor fit for your needs. Step One | Understand Your Size vs. the Size of the Solution Provider.

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5 Steps for Sustaining Healthy 3PL Relationships!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 4 Steps for Establishing Healthy 3PL Relationships! Article originally published by, and permission to publish here provided by, Scott Leydin at [link]. The key to sustaining healthy 3PL relationships is very much dependent on the person that is given the role to manage the relationship with the 3PL service provider.

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Hackett CPO Agenda: What’s Top of Mind in Procurement?

Jaggaer

“Do more with less.” Words that send a shiver down many a manager’s spine. But with budgets growing more slowly (1.3%, versus 2.7% in 2018) and expectations of cost and efficiency savings growing faster than ever, that is the reality faced by procurement professionals. The Hackett Group’s CPO Agenda is always eagerly awaited, and this year’s edition does not disappoint, offering clear advice based on a detailed survey (the Hackett Group’s Key Issues Study) of the procurement community.

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Wearables in the Workplace: A Boon for Safety, or Intrusion on Privacy?

Supply Chain Brain

It’s been a rocky start for high-tech wearable devices for the consumer. But the supply chain offers a more fertile ground for growth.

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Enabling the Autonomous Supply Chain

The Network Effect

It’s difficult for us today to imagine the relentless backbreaking labor and the ever-present threat of disease and death that. The post Enabling the Autonomous Supply Chain appeared first on The Network Effect.

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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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What is Sales & Operations Planning?

Supply Chain Minded

Sales & Operations Planning: All demand (sales) and supply (capacity, materials) of a product is balanced and planned to secure on-time delivery to our customers, while making optimal use of our full supply network. Why is S&OP important? Sales & Operations Planning is important as the plan agreed on is leading for the operational activities […].

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4 Tips on How to do Procurement Scandinavian Style

ivalua

At 2018’s Sourcing Outlook we had the honor of having Bonava ’s CPO, Mia Lewis, host a roundtable on starting a completely new Procurement organization from scratch. During the active discussion many points were brought up that I believe can be helpful for any Procurement organization, old or new, that is looking for inspiration in 2019. Focus on soft skills.

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The Good Jobs of the Future Belong to Supply Chain!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Imagining the Supply Chain of the Future! Article originally published by, and permission to publish here provided by, Sam White at [link]. A new Harvard Business Review article lays out some striking research out of MIT about the role of Supply Chain Management within the broader economy.

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5 Tips To Maximize Your Conference Experience at ISM 2019

Jaggaer

We’re gearing up for the Institute for Supply Management’s (ISM) Annual Conference, ISM 2019, in Houston, Texas, at the George R. Brown Convention Center, one of the largest events in the procurement world with over 2,500 attendees. Whether or not your organization is attending ISM, it’s important to make the most out of any conference experience. Here are some tips for getting the most out of your time: 1.

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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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Why Supply Chain Technology Needs Blockchain

Supply Chain Brain

There is a tremendous mismatch in the selection of appropriate technologies to automate complex and decentralized operations.

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8 Signs Your Cloud B2B Network is Broken

The Network Effect

Why your “network” is not delivering the results you expect. The confusion in the market about the difference between multi-enterprise. The post 8 Signs Your Cloud B2B Network is Broken appeared first on The Network Effect.

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April 2019 Automation Hero: Julia Montgomery of EazyStock

EazyStock

EazyStock’s Iron Woman Julia helps small- and mid-sized businesses automate inventory processes . Julia Montgomery is one of EazyStock’s premier stock optimization experts and, in the role as Customer Success Manager, she has helped many companies around the world improve their processes and become more profitable through automation. Along with her work at EazyStock, Julia competes in long-distance triathlons at the elite level – maybe that’s where her contagious energy comes from.

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Deploy, Improve, Expand – Cutting Through the Complexity in 3 Steps

ivalua

Technology is often implemented as the answer to complex situations. It can centralize, standardize, and facilitate access to data, allowing us to derive insights that inform operational and strategic thinking. Unfortunately, all too often these implementations result in the replacement of one type of complexity with another. They just move challenges online or layer on automation without reducing complexity or providing additional insight.

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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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What is Product (or Master) Data Management?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 6 Trends to Make Supply Chain Managers the Heroes of Their Company! I had just inherited a new department into my organization, the Product Data Management (PDM) team. Shortly thereafter I started getting calls from the CEO. We were missing customer deliveries due to problems in getting the correct, and complete data, into the systems which enabled us to manage bills of material and manufacture products.

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Maverick Spend: It’s Not Just about the Money

Jaggaer

In a world where nearly any purchase is just a click away, keeping maverick spend in check has become one of the top challenges facing procurement. The vast majority of maverick or “rogue” spending happens for perfectly innocent reasons: convenience, laziness, ignorance, or people just being in a hurry. True, sometimes there is an element of dishonesty involved, such as small kickbacks in the form of gifts.

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You Can’t Go Slow: Welcome to the World of ‘Blitzscaling’

Supply Chain Brain

Imagine yourself at the head of a company that’s on the brink of dizzying growth — a 50-fold increase in employees, and 300 times revenues — within the next three years. Would you be excited or scared?

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The Top 10 Warehouse Mistakes

The Network Effect

Inventory may not be all you’re stocking in your warehouse. If you’re not careful, your mistakes could be piling up. The post The Top 10 Warehouse Mistakes appeared first on The Network Effect.

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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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4 Steps to Trim Down Your Excess Inventory

Slimstock

Excess stock is bad for business. It takes up valuable warehouse space and costs you a lot of money while it becomes obsolete. And, 10% of the items in your warehouse will never be sold, according to Slimstock inventory analysts. These items are unlikely to bring in revenue, so why are you holding on to them? ELIMINATING EXCESS STOCK TAKES COURAGE! The problem is that removing these items from your operation is easier said than done.

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Altering the When, How and Why of Supplier Information Management

ivalua

Supplier information is typically viewed by procurement organizations as one of two things. It is either a data input, such as what we gather and use in spend analysis, or it is a process by-product, such as the information we gather from prospective suppliers during strategic sourcing. Procurement knows supplier information is useful and important, and that it needs to be cleansed and standardized after we collect it.

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What is Procurement’s Place in the Value Chain?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Could the CPO Be Replaced by the Chief Value Officer? Article originally published by, and permission to publish here provided by, Sam Jenks at [link]. Where does Procurement stand in your organization’s Value Chain? Hopefully, you’ll be able to formulate an answer to that question after reading this post.

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April 2019 Automation Hero: Julia Montgomery of EazyStock

EazyStock

EazyStock’s Iron Woman Julia helps small- and mid-sized businesses automate inventory processes . Julia Montgomery is one of EazyStock’s premier stock optimization experts and, in the role as Customer Success Manager, she has helped many companies around the world improve their processes and become more profitable through automation. Along with her work at EazyStock, Julia competes in long-distance triathlons at the elite level – maybe that’s where her contagious energy comes from.

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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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Shipping Industry Isn’t Ready for Looming Low-Sulphur Fuel Requirement

Supply Chain Brain

The “IMO Scramble” isn’t the name of a new breakfast dish at a fast-food restaurant. It describes the plight of ocean carriers, who find themselves woefully unprepared for a new mandate on switching to cleaner-burning fuel.

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Virgo in Supply Chain, Milk in Coffee

Solvoyo

I do not believe in horoscopes but people are telling me that my sign has everything to do with many of my quirks such as ordering, organizing and following routines. Putting things in order is my natural tendency. Organizing or clustering drawers, shelves, libraries or desktops, whether digital or not, is like a second nature to me. I am always the one putting caps on the pens, closing open lids or cupboards, and straightening the frames on the walls.

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The EOQ Formula: From Theory to Practice in 7 Easy Steps

Slimstock

Unraveling the secret of optimal order quantities. Whether it consists of raw materials or end-products: inventory is unavoidably one of the largest single assets on your balance sheet. In the manufacturing industry, around 37% of total costs consist of inventory costs, while for retailers and wholesalers even more than half of the total costs are caused by inventory.

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Ivalua Announces Broad Range of Artificial Intelligence Capabilities to Transform Procurement

ivalua

New AI applications showcased at Ivalua NOW Paris improve automation, access to insights and the overall user experience. Ivalua, a leading provider of global Spend Management Cloud solutions, today announced a broad range of new capabilities powered by artificial intelligence (AI) at its Ivalua NOW Paris conference. This includes a powerful digital assistant, named IVA, available through both a voice-activated interface and chatbot.

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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.