Sat.Jan 27, 2024 - Fri.Feb 02, 2024

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Why We Shouldn’t Resist P2P Process Automation

ProcurePort

In today’s business world, time is crucial and competition is fierce. Being efficient is not just an advantage, it’s necessary for survival. Organizations, big and small, try to navigate through complex situations, improve processes, cut costs, and maximize their employees’ abilities. Innovation and evolution create Procure-to-Pay process automation.

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8 logistics trends to watch in 2024

Supply Chain Dive

Risk is sparing no mode of transportation in 2024, as geopolitics, labor talks, freight demand and capacity fluctuations will continue to alter supply chain strategies.

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The Outlook for Supply Chain Automation

Supply Chain Brain

Robotics and technology companies have doubled down on development of applications to support the supply chain, especially in the warehouse.

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Working in Saudi Arabia

Procurement Templates

So, you’ve probably heard of the visionary architectural Neom Project. But what is it like to work in a country like Saudi Arabia? Saudi Arabia stands as a dynamic economic force in the Middle East, driven by its oil-rich resources and strategic investments in diversified sectors. Its Vision 2030 initiative reflects a commitment to economic transformation and diversification, creating a myriad of opportunities for both local and expatriate professionals.

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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CPO Crunch: A rewarding time

Procurement Leaders

As we, and more than 40 CPOs from our global community of leaders, embark on the process of judging the World Procurement Awards 2024 , it was a privilege to look through many of the entries before our panel of experts get stuck into the process this coming week. It’s reassuring and inspiring to see both the impact being made by procurement, but also the passion with which those working in the function are going about their business.

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UPS to cut 12K jobs in 2024 amid weak delivery demand

Supply Chain Dive

The delivery giant doesn’t expect to rehire for those positions when volume rebounds, as it undergoes “a change in the way we work,” its CFO said.

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Foxconn’s Tijuana Manufacturing Operation Shows the Nearshoring Possibilities

SCMR (Supply Chain Management Review)

Reshoring Institute Executive Director Rosemary Coates got a first-hand look at Foxconn’s Tijuana manufacturing site and saw what is possible when companies invest in nearshoring.

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How does data deduplication work?

IBM Supply Chain Blog

Recent years have witnessed an explosion in the proliferation of self-storage units. These large, warehouse units have sprung up nationally as a booming industry because of one reason—the average person now has more possessions than they know what to do with. The same basic situation also plagues the world of IT. We’re in the midst of an explosion of data.

Data 101
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Amazon’s $1B investment fund eyes last-mile tech, AV startups

Supply Chain Dive

The Industrial Innovation Fund is expanding its scope to include transportation-related investments, according to its director.

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Four Steps to Managing Supply Chain Bottlenecks and Constraints

Supply Chain Brain

By removing bottlenecks in the supply chain, companies can reduce inventory and operating expense, while enhancing throughput and overall effectiveness.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Stakeholder Collaboration Could Unlock Reverse Logistics Profitability

SCMR (Supply Chain Management Review)

As reverse logistics becomes a bigger focus for brands, collaboration between stakeholders is becoming a must.

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New research: supply chain transparency – enabling insights into the invisible

Procurement Leaders

In association with SAP: Discover the actions and capabilities that are enabling leading organisations to improve supply chain visibility

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Manufacturing ‘ready to start running again’ with demand up: PMI

Supply Chain Dive

The industry is at the beginning of a possible growth cycle, but manufacturers are likely to be slow to start hiring again, economists say.

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Retailers Are Planning to Shake Things up in 2024, Survey Finds

Supply Chain Brain

Overall, the report found most executives are feeling optimistic about business. Less than 10% of respondents expected sales to decrease year-over-year.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

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The Drone Final Mile Becomes Reality

Art of Procurement

In 2005, Amazon revolutionized eCommerce delivery expectations with their 2-day Prime delivery service. All of a sudden, every other retailer. The post The Drone Final Mile Becomes Reality appeared first on Art of Procurement.

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New Year Insights for the procurement solutions and services marketplace 2024: FRDM

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. Our series runs from mid-December to end-January, then our senior analysts will wrap up with their own take on the key themes that emerge. In no order of preference, today let’s hear from Justin Dillon, CEO of supply chain risk management solution provider, FRDM , one of Spend Matters 50

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Amazon looks to improve inbound fulfillment processes in 2024

Supply Chain Dive

The company wants products entering its facilities to move as efficiently as items being delivered to customers.

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US DOT Makes Intermodal Infrastructure Investments

Supply Chain Brain

The awards, announced January 25, will make considerable investments in intermodal freight infrastructure.

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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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End Customers Responsible for 33% of Late Deliveries in Aerospace Supply Chain

SCMR (Supply Chain Management Review)

A study from global manufacturing tech firm TRIGO finds that one-third of late deliveries in aerospace manufacturing are the result of the end customer and not the supplier.

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Prewave: Vendor Analysis — SCRM solution overview, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis gives an overview of Prewave, a solution built to reduce risks in supply chains. It offers a comprehensive risk assessment product that encompasses various risk dimensions, including operational risks (business continuity) and sustainability. Organizations must embed risk management in their practices as they navigate a business climate currently defined by increasing risk factors and disruptions, such as supply disruptions, rising costs and declining service l

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Most HR leaders say half of workers will need reskilling in coming years

Supply Chain Dive

Skills gaps and talent shortages are most severe in areas related to automation, AI adoption and the green economy, a new report says.

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Upcoming Presentation: Orchestration: The Future of Supply Chain Digitalization

Supply Chain Brain

Held on February 5th - February 7th, 2024, at Caesars Forum, Manifest Vegas will provide unrivaled networking, learning and exploring opportunities for attendees.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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What are the different types of sourcing?

IBM Supply Chain Blog

Sourcing isn’t just a concern for procurement teams. With rising consumer and stakeholder expectations around ethical and responsible supply chains, who supplies your organization’s goods and services is also a C-suite consideration. The sourcing process sits within supply chain management and is used for identifying, vetting and selecting the best suppliers.

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New Year Insights for the procurement solutions and services marketplace 2024: Tipalti

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. Our series runs from mid-December through January, and then our senior analysts will wrap up with their own take on the key themes that emerge.

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EG America names new VP of procurement

Supply Chain Dive

Less than two weeks after undergoing corporate layoffs, the c-store retailer has hired BJ’s Wholesale Club’s former director of strategic sourcing and procurement.

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Podcast | The Quest for a Zero-Waste Supply Chain

Supply Chain Brain

M ost organizations still have a long way to go before they can declare their supply chains to be “zero waste.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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8 steps to build a successful multicloud strategy

IBM Supply Chain Blog

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. According to a recent forecast from Gartner (link resides outside ibm.com) worldwide end-user spending on public cloud services is expected to grow 20.4% to total $678.8 billion in 2024, up from $563.6 billion in 2023.

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Manufacturing Gets Closer to Growth Territory in January, Reports ISM

SCMR (Supply Chain Management Review)

The report’s benchmark metric, the PMI, came in at 49.1(a reading of 50 or higher indicates growth), up 2.0% over January’s 47.1 reading, contracting, at a slower rate, for the 15th consecutive month. The past 15 months of contraction were preceded by a stretch of 28 consecutive months of growth. ISM also said that the overall economy grew in January, at a faster rate, for the 45th consecutive month.

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UPS considers sale of Coyote Logistics truckload brokerage

Supply Chain Dive

“Perhaps the business is worth more to someone else,” CEO Carol Tomé said on a Q4 earnings call.

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Watch: What Are Manufacturers Spending on Tech Transformation?

Supply Chain Brain

Brian Pacula, partner in the Operations Excellence practice of West Monroe, tells how manufacturers and supply chains are prioritizing their spend on technology in the post-pandemic era.

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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.