Supply Chain Predictions for 2024
All Things Supply Chain
FEBRUARY 19, 2024
2023 was a whirlwind year for the supply chain industry.
Sat.Feb 17, 2024 - Fri.Feb 23, 2024
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Real stories – The rusted swimming pool roof
ABC of Procurement
FEBRUARY 18, 2024
In procurement sometimes we get in trouble while working exaclty on the specification. here is one case The post Real stories – The rusted swimming pool roof first appeared on ABC of Procurement.
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Organisation Design
Procurement Templates
FEBRUARY 19, 2024
Tender Specification for Organization Design Services 1. Introduction: [Your organization’s name] is seeking proposals from experienced and qualified organization design consultants or firms to provide comprehensive organization design services. The purpose of this tender is to select a vendor who can assist [your organization] in developing and implementing an effective organizational structure that aligns with its strategic objectives. 2.
CPO Crunch: The procurement culture club
Procurement Leaders
FEBRUARY 19, 2024
The well-worn adage of culture eating strategy for breakfast has been around a few years. Attributed decades ago to one of the gurus of modern business philosophy, Peter Drucker, it’s a motto that argues that even the shiniest, most creative plans are worthless unless people feel empowered. Drucker’s principles underpin the approaches of just as many CEOs and business leaders today as they did when he first floated his ideas in the mid to late 20th century.
Load Optimization: A Sustainable Way To Reduce Transportation Costs
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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.
Walmart hits supplier emissions goal 6 years early
Supply Chain Dive
FEBRUARY 22, 2024
The retailer’s vendors have already reported enough projects to fulfill Project Gigaton’s target of cutting 1 billion metric tons of greenhouse gases from its supply chain.
How Supply Chain Organizations are Leveraging Data Analytics to Improve Risk Management
Supply Chain Brain
FEBRUARY 22, 2024
Supply chain organizations that prioritize safety and risk management through data analytics, telematics, and newer equipment position themselves as competitive leaders.
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Climate change predictions: Anticipating and adapting to a warming world
IBM Supply Chain Blog
FEBRUARY 20, 2024
In an era of accelerating climate change , predicting the near-future can yield major benefits. For instance, when utility officials are aware that a heat wave is on its way, they can plan energy procurement to prevent power outages. When farmers in drought-prone regions are able to predict which crops are susceptible to failure , they can deploy additional irrigation.
Why UPS keeps shrinking its workforce
Supply Chain Dive
FEBRUARY 23, 2024
UPS’ headcount has dropped by 43,000 employees in just three years, and more cuts are coming. Experts say it’s not all market-driven.
Navigating Ecommerce Growth: Tools for Returns and Inventory Management in 2024
Finale Inventory
FEBRUARY 19, 2024
As we delve into planning for success in 2024, it becomes clear that an often-overlooked aspect demands our attention: the returns process. This critical yet challenging transaction presents immense opportunities to boost customer loyalty and enhance operational efficiency. This blog explores the strategic importance of returns and inventory management, illustrating how strategic returns can drive business success in the dynamic ecommerce environment.
Kodiak Hub: Vendor Analysis — SxM and Supplier Risk solution overview, competitors, user considerations, voice of the customer, analyst summary
Spend Matters
FEBRUARY 19, 2024
This Spend Matters Vendor Analysis gives an overview of Kodiak Hub, a supplier management solution that consolidates all supplier information and data into one view with a focus on performance and risk. There are many old, new and developing stories about risk and the disruptions impacting business continuity and operations. On top of these considerations, the regulatory/compliance landscape is also in constant flux.
Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations
Advertiser: GEP
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.
A 2024 Supply Chain To-Do List
Supply Chain Brain
FEBRUARY 21, 2024
The global economy is slowly recovering, but volatility remains a constant. Future-proofing supply chains to manage risk, boost real-time visibility, enhance sustainability, deploy AI effectively, and promote end-to-end collaboration is critical.
UPS to cut sorting shifts in New York, Rhode Island and Virginia
Supply Chain Dive
FEBRUARY 20, 2024
The looming closures add to layoffs the delivery giant is making at facilities in at least five other states.
Lean Six Sigma for SMEs: A Path to Continuous Improvement
SCMDOJO
FEBRUARY 19, 2024
In today’s fiercely competitive business landscape, the quest for continuous improvement has become imperative for small and medium-sized enterprises (SMEs) to thrive. Over the years, various methodologies have emerged to address this need, including lean manufacturing, Six Sigma, and the integration of both known as Lean Six Sigma (LSS). In this blog, we’ll delve into the integrated Lean Six Sigma approach, exploring its benefits, deployment models, moreover the implications for SME
Case Dismissed: Byron Allen v. McDonald’s
Art of Procurement
FEBRUARY 22, 2024
In May of 2023, two of the companies owned by Byron Allen, a black businessman and producer, sued McDonald’s for. The post Case Dismissed: Byron Allen v. McDonald’s appeared first on Art of Procurement.
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
Five Steps to Improve Supplier Relationships and Reduce Operating Costs
Supply Chain Brain
FEBRUARY 22, 2024
The last few years have continued to reinforce the value of dependable supplier relationships, and timely payments are an important ingredient to the success of those relationships.
Ryder System sets sights on growing cross-border business
Supply Chain Dive
FEBRUARY 21, 2024
A new warehouse in Laredo, Texas, and an expanded drayage yard in Nuevo Laredo, Mexico, give the carrier additional capacity to handle more freight.
Top 15 Considerations for Selecting 4PL Logistics Partners
SCMDOJO
FEBRUARY 21, 2024
When it comes to effective and profitable road transport management, it is undeniably crucial you get a reliable 4PL provider to handle your logistics. First, understand the difference between 3PL and 4PL in logistics. Knowing the potential value of a 4PL integrated early into the process is key to saving you more and delivering greater service. What is 4PL?
How to Create Real Retailer-Brand Loyalty
SCMR (Supply Chain Management Review)
FEBRUARY 19, 2024
Supply chain execution, from one end to the other, is the new competitive edge, and this applies whether you are the brand or whether you are the retailer. Working collaboratively is the glue that holds it together.
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.
IoT in the Supply Chain: Why Do We Need It?
Supply Chain Brain
FEBRUARY 20, 2024
Manufacturers looking to deploy IoT in that time should partner with specialists to help them deliver their vision.
FMC releases final rule on detention and demurrage
Supply Chain Dive
FEBRUARY 23, 2024
The billing practices from the agency establish which parties can receive an invoice and sets a timeframe for issued invoices and disputes.
Conversational AI use cases for enterprises
IBM Supply Chain Blog
FEBRUARY 23, 2024
Today, people don’t just prefer instant communication; they expect it. Conversational artificial intelligence (AI) leads the charge in breaking down barriers between businesses and their audiences. This class of AI-based tools, including chatbots and virtual assistants, enables seamless, human-like and personalized exchanges. Beyond the simplistic chat bubble of conversational AI lies a complex blend of technologies, with natural language processing (NLP) taking center stage.
Leveling up from tools to systems: A holistic approach to third-party management
Spend Matters
FEBRUARY 22, 2024
It feels like an understatement to say that the evolution of technology continues to reshape and revolutionize business, as it continues to transform industries, individual companies within them, workers at all levels and the work they carry out. With the advent of AI, and especially generative AI within that broader term, and the continued globalization of supply chains, the pace of change has sped up, forcing businesses and workers to adjust quickly.
The Ultimate Guide to Transportation and Load Building Optimization
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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.
The Five Most Dangerous Supply Chain Attacks in The Last Five Years
Supply Chain Brain
FEBRUARY 19, 2024
Equipped with automated tools, hackers can hunt through cloud-native applications, public code repositories, unprotected networks and more, without even paying much attention to their computers.
Under Armour inventory ticks closer to normal as freight, supply costs fall
Supply Chain Dive
FEBRUARY 20, 2024
The sportswear brand — finally — posted a decline in stock levels while executives said it has worked with vendors to lower product costs.
Innovating Supply Chain Higher Education with Generative AI
SCMR (Supply Chain Management Review)
FEBRUARY 21, 2024
Using artificial intelligence in the classroom is not without concerns, but it also offers supply chain students access to an increasingly critical industry tool.
Deployed: Vendor Analysis — SOW solution overview, roadmap, competitors, user considerations, analyst summary
Spend Matters
FEBRUARY 21, 2024
This Spend Matters Vendor Analysis provides an overview of Deployed and its solutions for Statement of Work (SOW). SOW drafting traditionally starts once a supplier bid has been accepted and the business is ready to move forward with work. The business requestor and Sourcing or Procurement go back and forth (usually several times) to ensure the draft reflects the work being requested.
How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software
Advertiser: GEP
Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.
Anyline Launches Autonomous Drone Barcode Scanning Technology
Supply Chain Brain
FEBRUARY 21, 2024
Anyline said that it worked with the multinational paper and packaging company Mondi to develop this autonomous drone barcode scanning technology.
Norfolk Southern saw FedEx Ground volume jump in peak season
Supply Chain Dive
FEBRUARY 21, 2024
The railroad met with the delivery provider last year and made strategic adjustments to strengthen service, an executive said.
This Supply Chain Year Will Be Dependent on Politics
SCMR (Supply Chain Management Review)
FEBRUARY 23, 2024
Politics seems to be on everyone’s mind in this election year and the effects on supply chains are becoming evident in every aspect of our work.
Achieving Procurement With Velocity (Before And After The Pandemic)
Procurement Insights
FEBRUARY 19, 2024
Not long after the United States declared a public health emergency regarding the COVID-19 pandemic, I released a white paper about a consulting firm’s unique approach to digitally transforming a global procurement practice. Titled “ Achieving Digital Success: Why the Digital Transformation of Procurement Is More About Mindset and Methodology Than Technology ,” here is the closing excerpt from that paper: “The role of Procurement is rapidly evolving.
The Evolution of Control Towers to Command Centers
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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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