Sat.Feb 03, 2024 - Fri.Feb 09, 2024

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The 6 different ‘flavors’ of GenAI implementations in procurement applications

Spend Matters

Procurement solution providers are engaged in a race to implement GenAI in their solutions. It is in part due to the global interest in GenAI that was triggered by the launch of ChatGPT in November 2022 and in part due to the opportunity to easily enable their applications with (Gen)AI as integration with third-party GenAI tools (like ChatGPT) reduces the barrier to entry to the world of AI-enabled solutions.

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What Does the Aging Demographic Mean for Medical Supply Chains?

All Things Supply Chain

Medical supply chains have endured a number of public health crises, from the HIV epidemic to viral outbreaks to substance abuse to the recent COVID-19 pandemic.

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What’s behind UPS losing volume from top customers?

Supply Chain Dive

Amazon making more deliveries in house, shifts to other carriers and buy online, pick up in store initiatives contributed to the company's Q4 volume decline.

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CPO Crunch: Averting crises and improving your CEO’s state of mind

Procurement Leaders

It can be draining just reading about the chaos brought about by global risks that continue to hit the headlines; from Houthi Rebel strikes in the Red Sea to ongoing speculation about Chinese intentions towards Taiwan, to the potential fallout from “the year of elections”. That said, being on the sharp end of having to respond to some of these events is a different matter entirely, and it’s a situation that many in the Procurement Leaders community find themselves in constantly.

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From Rigid To Resilient: Why Enterprises Need Shopify's Modular Commerce Now

Speaker: Benjamin Woll

Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Shopify’s modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how Shopify’s composable approach helps modernize commerce stacks while maintaining control over critical systems.

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The U.S. Bought More Goods from Mexico than China in 2023

Supply Chain Brain

Mexican exports to the U.S. topped out at $475.6 billion, beating China which saw its exports to the U.S. fall by 20% year-over-year to $427.2 billion.

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2024 procurement tech vendor insights series — Analyst wrap up

Spend Matters

We recently concluded our annual insights series, which, throughout the months of December and January, gives insights for the year ahead from procurement-related tech and service providers. Our respondents gave us their observations on 2024 and how they anticipate them shaping the market in the year to come. It has been a fascinating read, and our senior analyst Bertrand Maltaverne has the privilege of wrapping it up and adding his own observations.

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Top 7 Methods to Avoid Stock Discrepancy in 2024 in eCommerce

SCMDOJO

The fast-evolving business trends and technologies bring new challenges to every organization. One of these issues is making sure that the amount of products they have matches what they’re supposed to have, also known as stock discrepancy. To mitigate the issues of the end-to-end supply chain and cope with customer expectations, organizations are constantly focusing on reducing the delivery lead time.

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Optimizing Healthcare Inventory Management With AI and RFID

Supply Chain Brain

The headlines about shortages and disruptions in healthcare supply chains aren’t going away anytime soon. The industry needs help.

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Workfellow: Vendor Analysis — Process intelligence management solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Workfellow and its solution for process and task intelligence. Workfellow is a process- and task-mining vendor that enables process visibility and provides recommendations for how their operations can be approved. The solution minimizes redundant work, achieves savings through undiscovered process automation, streamlines processes by eliminating unnecessary steps, hastens customer response times and removes the need for manual data trans

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Red Sea conflict, Lunar New Year drive January air cargo volumes

Supply Chain Dive

Despite the decline in global rates, air freight volumes rose 10% year over year due to shipper concerns.

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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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Plan on A Page

Procurement Templates

Project-Planner Download A “plan on a page” typically refers to a concise and condensed representation of a comprehensive plan or strategy presented on a single page. This approach is commonly used in business, project management, and various organizational contexts to provide a quick and accessible overview of key goals, objectives, and action items.

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The AI Revolution: Transforming Supply Chain and Logistics with Artificial Intelligence

Supply Chain Brain

As this vital technology continues to advance at an exponential rate, businesses that embrace AI in their supply chain operations will be well-positioned for long-term success.

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Mercanis: Vendor Analysis — S2C solution overview, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis gives an overview of Mercanis, a newcomer in the upstream suite landscape. It was created in response to the growing need for organizations to streamline and improve their procurement operations through the adoption of digital solutions. To achieve that, Berlin-based Mercanis focuses on flexibility — specifically, on providing a modular and configurable platform that customers can adapt to their needs and grow over time — and usability to ensure a wide and low

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Foot Locker COO names 4 skills crucial to supply chain leaders

Supply Chain Dive

Global awareness was one skill Elliott Rodgers highlighted during remarks at Manifest Vegas 2024.

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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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Weekly Planner

Procurement Templates

Weekly-Planner Download You might like the daily planner and P lan on a Page The post Weekly Planner appeared first on Procurement Templates.

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Uncertain economy? Invest in a plan and people in 2024

Supply Chain Brain

There is a balance between the current financial perspective and the need to take measured risks to continue to grow in the market.

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Public cloud vs. private cloud vs. hybrid cloud: What’s the difference?

IBM Supply Chain Blog

It’s hard to imagine a business world without cloud computing. There would be no e-commerce, remote work capabilities or the IT infrastructure framework needed to support emerging technologies like generative AI and quantum computing. Determining the best cloud computing architecture for enterprise business is critical for overall success. That’s why it is essential to compare the different functionalities of private cloud versus public cloud versus hybrid cloud.

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Dollar General taps AI to optimize produce ordering

Supply Chain Dive

The retailer has partnered with software company Shelf Engine to boost ordering, efficiency and in-stock levels of fresh foods.

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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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Savings v. Safety in Aircraft Manufacturing

Art of Procurement

On January 5th, Alaska Airlines flight 1282 left Portland, Oregon en route to Ontario, California. Just minutes into the flight, The post Savings v. Safety in Aircraft Manufacturing appeared first on Art of Procurement.

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Chinese Ships Get Cheaper Insurance to Navigate Red Sea

Supply Chain Brain

While the overall picture is mixed, some Chinese-linked vessels have to pay as little as 0.35% of their hull and machinery value to obtain insurance for transit.

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76% of supply chain operations are facing a workforce shortage

SCMR (Supply Chain Management Review)

More than three-quarters of supply chain operations say they are still facing a workforce shortage, with managers and analysts most in need.

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Delivery robot company Starship Technologies raises $90M for expansion

Supply Chain Dive

The latest infusion will help the startup reach new markets and develop its artificial intelligence and other technology.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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Analyst Eye on the 6 paths to GenAI implementations in procurement

Spend Matters

Incorporating AI into business processes can unlock unparalleled insights and efficiency; we know that from the numerous solution demos we’ve witnessed. Two main trends appear to be driving the development and use of GenAI among the vendor community. Firstly, they can’t afford not to; it’s the future. Secondly, the reality that GenAI (especially ChatGPT) is opening new possibilities for procurement operations.

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Cut Carbon in 2024 by ‘Marketing’ to Suppliers

Supply Chain Brain

One challenge stalling manufacturers' ability to cut carbon emissions is a lack of data, with supplier information notoriously hard to obtain. Solving this problem is a top priority.

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From the Back Office to the Warehouse, Tracking Tech’s Impact

SCMR (Supply Chain Management Review)

Artificial intelligence, augmented reality and machine learning are driving value from the business office to the warehouse.

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Surging cocoa prices could lead to Valentine’s Day sticker shock

Supply Chain Dive

Supply remains scarce due to heavy rains and the spread of black pod disease in West Africa, according to a recent CoBank report.

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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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The history of climate change

IBM Supply Chain Blog

Tackling global climate change and tracking greenhouse gas emissions has become an all-hands-on-deck endeavor. The World Bank recently launched an initiative, in collaboration with NASA and the European Space Agency, to collect and organize satellite-based measurements of concentrations of greenhouse gases in the atmosphere. 1 Back on Earth’s surface, companies around the world are also tracking greenhouse gas emissions —the ones produced by their businesses and value chains.

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German Utility VNG Inks Country’s First Deal with Algeria for Pipeline Gas

Supply Chain Brain

The agreement, which took effect in January, allows gas to be shipped via pipeline to Italy and then on to Germany, a spokesperson for Sonatrach said.

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From Buyer To CEO: Frito-Lay’s Steven Williams’ Career Path To Success

Procurement Insights

“You asked me what the difference maker for me in my career has been; it has been leading in a way that builds relationships authentically with people in order to get results. Being transparent and authentic about what I’m doing and then doing what I say I’m going to do.” – Steven Williams, Frito-Lay and Quaker CEO I shared the following comment in a post by Steven Williams , who started his career many years ago as a buyer and is today Frito-Lay and Quaker’s

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NYC has struggled for years to pay its suppliers on time — and it’s getting worse

Supply Chain Dive

The city was late on registering 77% of its contracts in the first half of its fiscal year, leading to long payment delays and financial issues for contractors.

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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.