May, 2024

article thumbnail

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.

article thumbnail

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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.

128
128
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

Contract 108

More Trending

article thumbnail

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.

article thumbnail

Walmart confirms hundreds of coporate layoffs

Supply Chain Dive

The retailer also said “the majority” of remote workers and those at offices in Dallas, Atlanta and Toronto, must relocate — mostly to its Arkansas headquarters.

131
131
article thumbnail

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.

article thumbnail

LinkedIn Learning vs SCMDOJO: Which Online Learning Platform is Right for You?

SCMDOJO

Are you looking to enhance your professional skills and expand your knowledge base in the comfort of your own home? When considering online learning platforms, comparing LinkedIn Learning vs SCMDOJO is worth doing. LinkedIn Learning and SCMDOJO are two comprehensive online learning platforms that can help you achieve your goals. But how do you choose between the two?

article thumbnail

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.

article thumbnail

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.

Data 103
article thumbnail

How Supply Chain Resilience is Vital in Warehouse Management

All Things Supply Chain

Today, businesses are constantly navigating a dynamic landscape filled with unforeseen challenges.

article thumbnail

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
article thumbnail

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.

141
141
article thumbnail

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

article thumbnail

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.

article thumbnail

Who’s Who in Logistics Department: A Comprehensive Guide to Key Roles

SCMDOJO

The logistics department is the unsung hero of the modern world, ensuring products reach their destination promptly and securely. But who are the key players behind the scenes? In this article, we will provide an insightful breakdown of the logistics department and the various professionals that make up this crucial team. From the warehouse manager to the transportation coordinator, each role in the logistics department contributes to the smooth flow of deliveries.

article thumbnail

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.

Risk 101
article thumbnail

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.

article thumbnail

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.

article thumbnail

Achieving cloud excellence and efficiency with cloud maturity models

IBM Supply Chain Blog

Business leaders worldwide are asking their teams the same question: “Are we using the cloud effectively?” This quandary often comes with an accompanying worry: “Are we spending too much money on cloud computing?” Given the statistics—82% of surveyed respondents in a 2023 Statista study cited managing cloud spend as a significant challenge—it’s a legitimate concern.

article thumbnail

High port volumes expected for 2024’s peak season: forecast

Supply Chain Dive

Consumer spending will drive 2 million-plus TEUs of monthly loaded imports at the nation’s top ports through October, the National Retail Federation and Hackett Associates project.

Import 129
article thumbnail

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.

article thumbnail

Supply Chain Network Design & Optimization: Steps, Guide, and Efforts

SCMDOJO

Supply chain design and optimization projects present significant challenges, ranging from complex network structures, and multiple databases to diverse business objectives. Drawing from hands-on experience gained at leading organizations, I’ve compiled a comprehensive document to assist professionals in this industry. Introduction In today’s fast-paced and competitive business landscape, the optimization of supply chain networks is critical for enhancing operational efficiency.

article thumbnail

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.

article thumbnail

Agiloft: Vendor Analysis — Contract lifecycle management solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an update on Agiloft and its contract lifecycle management (CLM) solution. We last covered Agiloft in 2020, and the provider has since continued to build advanced functionalities to appeal to large organizations. Agiloft’s product updates have centered around AI, including recent generative AI releases. Overall, the provider has cemented its position as a best-of-breed provider that can compete against any CLM provider on the basis of solution depth, w

Contract 100
article thumbnail

How GEP Solutions Transform Procurement Processes

Procurement Freelancers

Both strategic innovation and operational efficiency are critical in the quickly changing corporate environment. This… The post How GEP Solutions Transform Procurement Processes first appeared on Procurement Blog | Procurement & Supply Chain News.

article thumbnail

How will quantum impact the biotech industry?

IBM Supply Chain Blog

The physics of atoms and the technology behind treating disease might sound like disparate fields. However, in the past few decades, advances in artificial intelligence, sensing, simulation and more have driven enormous impacts within the biotech industry. Quantum computing provides an opportunity to extend these advancements with computational speedups and/or accuracy in each of those areas.

article thumbnail

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 139
article thumbnail

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

article thumbnail

Outpacing Disruption by Regionalizing Supply Chains

Supply Chain Brain

Gartner predicts that by 2028, 70% of companies will adopt regionally diversified supply chain models to improve network resiliency in the face of ongoing global disruptions.

article thumbnail

See Through Disruptions: How Supply Chain Visibility Builds Resilience

SCMDOJO

Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. However, they are also susceptible to disruptions and risks. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. Supply Chain Resilience refers to a supply chain’s ability to withstand and recover from unexpected events.

article thumbnail

What is a procurement platform anyway?

Spend Matters

Many procurement solution providers claim to be ‘platform’ providers. What is the difference between an app provider and a platform provider? And does it even matter to procurement or others in general? In this article, prt of which originally published in 2014, our analysts explain why it does. This content is for members only. Visit the site and log in/register to read.

article thumbnail

How Certified Procurement Professionals Drive Business Success

Procurement Freelancers

Although every step matters in the contemporary business world, specific actions set leaders apart. Certified… The post How Certified Procurement Professionals Drive Business Success first appeared on Procurement Blog | Procurement & Supply Chain News.

article thumbnail

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.