May, 2024

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Why Cybercriminals Target The Freight Industry

All Things Supply Chain

The transport of goods across the sea and across countries requires an intricate network of data to effectively get items delivered by their due date.

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CPO Crunch: Follow the money

Procurement Leaders

“So, you’ve mapped Tier-2. Now what?” This was the deliberately optimistic title of a very recent CPO community call that explored just how far into the supply chain our members have visibility. As we know, having knowledge of who our suppliers are is one thing, but it’s quite another to have a good understanding of who our suppliers’ suppliers are – not to mention those even further beyond.

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Procurement ethics – the dos and don’ts

ABC of Procurement

Especially for those new to procurement, navigating procurement ethics is sometimes complex. Here are the dos and don'ts. The post Procurement ethics – the dos and don’ts first appeared on ABC of Procurement.

Ethics 147
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How supply chains used FLOW after the Baltimore bridge collapse

Supply Chain Dive

C.H. Robinson, ITS Logistics, Home Depot and IMC Companies shared insights on the federal data-sharing platform designed to improve visibility of disruptions.

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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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Red Sea Risk Matrix: A Model for Managing Supply Chain Disruption

Supply Chain Brain

If you’re still viewing supply chain disruptions as one-off or random occurrences, you’re doing it wrong. These events are chronic and inevitable.

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Evaluation Criteria for Professional Services

Procurement Templates

An example of typical evaluation criteria for professional services. Don’t forget this is a generic list and you will need to tailor it to your specific tender and ensure that it links back to the specification 1. Experience and Expertise (20 points) Number of years in business (5 points) Relevant industry experience (5 points) Technical expertise and certifications (5 points) Client portfolio and case studies (5 points) 2.

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CPO Crunch: The world’s best procurement gathering

Procurement Leaders

Over the course of the coming week, large swathes of the global procurement community will congregate in London to collaborate, challenge, celebrate and learn at the World Procurement Congress. It’s a hugely energising experience – an opportunity to inhale knowledge, grow networks, and challenge our current beliefs, approaches and trajectories. This year’s agenda is world-class in every sense, featuring a diverse group of speakers – from a who’s who of the global CPO community to four-time Olymp

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The Vital Role of Integration in Spend Management Solutions

ProcurePort

Integration serves as the cornerstone of effective spend management solutions, facilitating seamless connectivity across disparate systems and data sources. By enabling enhanced visibility and automation, integration empowers organizations to optimize spending, strengthen compliance, and drive strategic decision-making. The Role of Integration in Spend Management In today’s dynamic business landscape, organizations face increasing pressure to optimize […] The post The Vital Role of I

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USPS plans 25% average price hike for Parcel Select shippers

Supply Chain Dive

The ground delivery offering has been the target of controversial changes that would impact key shipping partners like DHL eCommerce and Pitney Bowes.

Price 142
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Supply Chain Sustainability: It Comes Down to the Data

Supply Chain Brain

When it comes to environmental impact, the supply chain has a visibility problem — and not just between external partners.

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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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Procurement 6 – May 10th, 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 – May 10th, 2024 appeared first on Art of Procurement.

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Top Pain Points For Fleets in 2024

All Things Supply Chain

In the bustling world of construction, fleets of vehicles and equipment are the gears that keep projects moving forward.

Logistics 242
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World Procurement Congress 2024: We’re only just getting started

Procurement Leaders

And that’s a wrap! An incredible three days of inspiration, collaboration and networking saw the World Procurement Congress 2024 bring together more than 1,000 procurement rockstars in London, culminating in the glamour of the World Procurement Awards. What an experience, what an inspiration, what a community! It’s incredibly difficult to give justice to the sheer level of insight that was shared across the days of this event; the amount of progress that individual procurement executives will ma

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DocJuris: Vendor Analysis — Contract analytics solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of DocJuris and its contract analytics solution. DocJuris is a contract markup specialist that uses AI to expedite the contract review process. As a markup-focused solution, DocJuris aims both to save time spent reviewing documents and to identify potential risks based on preconfigured, customer-specific settings.

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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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How CH Robinson is using AI to automate logistics management tasks

Supply Chain Dive

The broker hopes speeding up responses to emailed quote and appointment requests will improve productivity.

Logistics 141
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The Trends That Are Driving a Surge in Manufacturing M&A Deals

Supply Chain Brain

With inflation and interest rates easing, manufacturing investment is on the rise. Several large manufacturers have said they plan to increase capital investments and merger and acquisition deal-making in 2024.

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Generative AI: Force Multiplier for Autonomous Supply Chain Management

The Network Effect

The post Generative AI: Force Multiplier for Autonomous Supply Chain Management appeared first on The Network Effect.

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Energy Conservation and Environmental Regulations in Warehousing

All Things Supply Chain

Warehousing is an essential part of modern supply chain management, serving as a pivotal hub for storage, sorting and distributing goods.

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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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How rethinking RFPs has enabled an energy firm to harness new sources of innovation

Procurement Leaders

Challenge With global energy demand on the rise and fossil fuels continuing to make up most of the world’s power consumption, cutting emissions in the energy sector represents a formidable task. What’s more, the pathways for companies to reach net-zero are not necessarily clear. The scale and complexity of the challenge is such that businesses are looking far and wide for answers to it.

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A CPO’s first 100 days: What to focus on and how to build a plan of attack

Spend Matters

As a member of senior management, we are expected to hit the ground running and show how we are driving change for the company. CPOs typically report to a C-Level member of the executive team, and being prepared before you arrive is critical. Many of us have our own beliefs for how to measure success, but I would argue that there are some fundamentals involving people, process, data and technology to exceed in our role and achieve company goals.

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USPS wants to make controversial changes to shipping partner deals this month

Supply Chain Dive

The agency's leader told consolidators on March 27 that he is pursuing agreements within 45 days on a plan that has sparked cost and service concerns.

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Four Reasons Data Builds a Circular Supply Chain

Supply Chain Brain

Navigating a linear supply chain is like driving down a one-way, dead-end street — movement is forced down a singular path and there’s only one place to go: the garbage.

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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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FPGA vs. GPU: Which is better for deep learning?

IBM Supply Chain Blog

Underpinning most artificial intelligence (AI) deep learning is a subset of machine learning that uses multi-layered neural networks to simulate the complex decision-making power of the human brain. Beyond artificial intelligence (AI) , deep learning drives many applications that improve automation , including everyday products and services like digital assistants, voice-enabled consumer electronics, credit card fraud detection and more.

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Maria Villablanca Wants You to Find Your Passion and Your Tribe

Let's Talk Supply Chain

The final days of spring are numbered as we continue hurtling to the halfway point of 2024. How did we get here already? Supply Chain is no stranger to change, challenges, and yes, general chaos, but this year has been its own kind of animal charged by a strained global economy, shifting tensions across continents, and a major presidential election that could have resounding impacts across business and commerce this coming fall.

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CPO Crunch: Contending with the complex new world

Procurement Leaders

Many years ago, I interviewed the CPO of a well-known consumer goods company. The CPO in question was relatively new to the role, full of enthusiasm and laser-focused on extracting innovation and value from the supply base, as you might expect. We spoke a lot about value creation, about supplier relationship management and about how he was structuring his team with that purpose in mind.

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A proactive supply chain risk posture is increasingly necessary — and finally possible

Spend Matters

This content does not express the views or opinions of Spend Matters. There has been a steady stream of supply chain crises in the news this spring, from shipping delays in the Middle East due to regional conflict to the halting of semiconductor production in Taiwan and the upending of imports and exports out of Baltimore. Each unexpected event serves as a reminder to stakeholders across the supply chain that disruption is inevitable — but it doesn’t have to be unpredictable.

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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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Snickers owner Mars commits $47M to slash dairy emissions

Supply Chain Dive

The CPG giant plans to open three "net zero" farms as it looks to halve its carbon footprint by 2030.

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Diversifying Beyond China: An Imperative for Global Supply Chain Resilience

Supply Chain Brain

With supply chains facing increasing complexities and risks, a “China Plus One” sourcing strategy has emerged as crucial for businesses operating on a worldwide scale.

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Responsible AI can revolutionize tax agencies to improve citizen services

IBM Supply Chain Blog

The new era of generative AI has spurred the exploration of AI use cases to enhance productivity, improve customer service, increase efficiency and scale IT modernization. Recent research commissioned by IBM® indicates that as many as 42% of surveyed enterprise-scale businesses have actively deployed AI, while an additional 40% are actively exploring the use of AI technology.

Risk 98
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Coca-Cola turns to Microsoft’s AI services for its supply chain

Supply Chain Dive

The beverage giant signed a $1.1 billion deal as it explores the use of AI to streamline operations, boost efficiency and more.

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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.