Sat.Nov 11, 2023 - Fri.Nov 17, 2023

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What are the Pillars of Sustainable Procurement?

ProcurePort

Sustainable procurement is gaining popularity as people prioritize environmental concerns, social responsibility, and ethical practices in today’s global discussions. Companies are recognizing the significance of using procurement practices that align with present business requirements. These practices also contribute to building a sustainable and resilient future.

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3 key holiday strategies for suppliers: Are you ready?

Supply Chain Dive

The holiday season is critical, but it doesn’t have to be chaotic and stressful. The right strategies can help you stay ahead of the curve so your business can take on holiday pressure with renewed confidence.

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How to Optimise a Small Procurement Department

Barkers Procurement

There are several different reasons why you might wish to optimise your procurement department. Your business or organisation could be entering a new growth phase or a growth strategy phase. You might be developing a new product or breaking into a new market. Then there are more straightforward business reasons such as the need to control costs and increase profitability.

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‘It is everywhere’: Rooting out forced labor from supply chains

Supply Chain Dive

Only half of surveyed procurement executives feel they are making effective progress on modern slavery risks in their sourcing, according to a recent Gartner report.

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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.

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Understanding Purchase Orders: A Deep Dive into the Procurement Process

ProcurePort

In global commerce, the Purchase Order (PO) is a crucial document that facilitates the exchange of goods and services. This document is crucial for a smooth purchasing process. It ensures that businesses receive what they need on time. In this exploration, we will examine the concept of a purchase order. We will understand the different […] The post Understanding Purchase Orders: A Deep Dive into the Procurement Process appeared first on ProcurePort Blog.

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The 10 Largest Cargo Ships in the World in 2023

All Things Supply Chain

In the world of global trade and logistics, cargo ships are the unsung heroes that transport goods across the oceans, linking manufacturers, suppliers, and consumers worldwide.

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AI in Procurement and ‘Autogmentation’ Part 4 — Procurement use cases of AI and Generative AI

Spend Matters

In This content is for members only. Visit the site and log in/register to read. The post AI in Procurement and ‘Autogmentation’ Part 4 — Procurement use cases of AI and Generative AI appeared first on Spend Matters.

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IBM named a Leader in The Forrester Wave™: Digital Process Automation Software, Q4 2023

IBM Supply Chain Blog

Forrester Research just released “The Forrester Wave™: Digital Process Automation Software, Q4 2023: The 15 Providers That Matter Most And How They Stack Up” by Craig Le Clair with Glenn O’Donnell, Renee Taylor-Huot, Lok Sze Sung, Audrey Lynch, and Kara Hartig and IBM is proud to be recognized as a Leader. IBM named a Leader In the report, Forrester Research evaluated 15 digital process automation (DPA) providers against 26 criteria in three categories: Current offering,

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Intermodal shippers to get another US-Mexico option in January

Supply Chain Dive

J.B. Hunt and BNSF are teaming up with Grupo México Transportes on a rail and truck service linking multiple cross-border markets.

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Watch: All About Visibility — And the Tools That Make It Possible

Supply Chain Brain

Rich Kilmer, chief executive officer of CargoSense, brings us up to date on the technology that enables shipment visibility — including the internet of things and digital twins — and what shippers are really looking for in that department.

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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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AI in Procurement and ‘Autogmentation’ Part 3 — How similar is Generative AI to other previous technologies?

Spend Matters

In the previous parts of our series, we covered AI in detail, highlighting its evolution over time and the different levels of AI. We also covered the state of AI adoption in business and procurement. However, we didn’t address the elephant in the room: generative AI. Generative AI has captured the attention of many people because of the broad use cases that it can cover (anyone can relate to a tangible use case, which is very different from other past technologies such as blockchain) and of its

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Top 6 Kubernetes use cases

IBM Supply Chain Blog

Kubernetes , the world’s most popular open-source container orchestration platform , is considered a major milestone in the history of cloud-native technologies. Developed internally at Google and released to the public in 2014, Kubernetes has enabled organizations to move away from traditional IT infrastructure and toward the automation of operational tasks tied to the deployment, scaling and managing of containerized applications (or microservices ).

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Navigating the quantum revolution in logistics

Supply Chain Dive

Logistics management has entered a new era, marked by the demand for rapid shipping, optimized value chains and real-time adaptability to supply chain disruptions.

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Watch: Building Environmental Sustainability in Supply Chains

Supply Chain Brain

Jagadish Turimella, chief operating officer and co-founder of GEP, offers some best practices that companies can adopt for ensuring that their supply chains are prioritizing sustainability.

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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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Fueling Success: Career in Supply Chain Guide

SCMDOJO

In this blog, explore vital tips paving the way for a prosperous career in supply chain management. Whether you’re a recent graduate or contemplating a career change, uncover key insights for establishing the groundwork of a thriving career in the dynamic world of supply chain. It’s a fast-paced, evolving industry that has a lot of challenges, but also plenty of rewards, including a potentially lucrative income.

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How to accelerate your data monetization strategy with data products and AI

IBM Supply Chain Blog

Data monetization is a business capability where an organization can create and realize value from data and artificial intelligence (AI) assets. A value exchange system built on data products can drive business growth for your organization and gain competitive advantage. This growth could be internal cost effectiveness, stronger risk compliance, increasing the economic value of a partner ecosystem, or through new revenue streams.

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Kraft Heinz veteran joins Utz Brands as chief integrated supply chain officer

Supply Chain Dive

Mitchell Arends will oversee procurement, manufacturing, transportation, warehousing and planning as the snack food company looks to accelerate its optimization goals.

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Watch: Managing the Yard: Why a YMS?

Supply Chain Brain

With all the focus on warehouse management systems, facilities might be neglecting the importance of managing the yard as well, says Colin Mansfield, vice president of Yard Management Solutions.

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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.

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How Machine Learning is Reshaping Diverse Sectors with Practical Applications

SCMDOJO

When you think about machine learning, you might imagine robots learning as they interact with their surroundings. In numerous aspects, you’re not too far off. Within the specialized subject of artificial intelligence (AI), machine learning refers to the ability of systems and machines to learn from their experiences and get better without explicit programming.

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TikTok Moving Into Logistics

Procurement Bulletin

Toyota Increases Wages for US Factory Workers After the recent UAW labor deal has probably led to Toyota increasing wages for its American non-union workers. TikTok Moving Into Logistics As TikTok looks to increase it’s social e-commerce usage, the social media platform is offering outsourced logistics to bolster it’s e-commerce functionality.

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Supply Chain Sustainability Pressures Persist

SCMR (Supply Chain Management Review)

Supply chain sustainability efforts continue to ramp up, but while companies are responding to global challenges, economic pressures are a different story.

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The Hidden Cost of Plug-in Hybrid Fleets

Supply Chain Brain

The savings as well environmental benefits of plug-in hybrid electric vehicles (PHEVs) vanish when fleet drivers fail to charge and become overly reliant on the gasoline engine.

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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.

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Supply Chain Post Mortem: Convoy

Art of Procurement

Convoy (2015 – 2023) was a freight brokerage that aimed to disrupt a high-volume, low-margin space by applying advanced automation. The post Supply Chain Post Mortem: Convoy appeared first on Art of Procurement.

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Spend Matters Future 5 2023 — Introducing ORO Labs

Spend Matters

The procurement technology market is evolving rapidly and deploying the latest power that innovation can bring to support the changing and challenging needs of its customers. In an ever-crowded space it’s hard for those who rely on these platforms and systems to keep ahead of the latest developments. For that reason, Spend Matters analysts make it their mission to scour the market to find those new solution providers that can fulfil a very specialist role to fulfill the procurement needs of toda

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How Black Friday and Cyber Monday test supply chain adaptability and resilience

Supply Chain Dive

How proactive inventory planning and operations management can keep brands from falling behind during the holiday season.

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Integrated Scenario Planning – Driving a Better Understanding of Risks & Opportunities

Supply Chain Brain

Like a world-class chess player, scenario planning allows you to anticipate moves and counter moves to visualize how the “game” will play out and adjust your strategy and plans before the game begins!

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

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.

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An introduction to Wazi as a Service

IBM Supply Chain Blog

In today’s hyper-competitive digital landscape, the rapid development of new digital services is essential for staying ahead of the curve. However, many organizations face significant challenges when it comes to integrating their core systems, including Mainframe applications, with modern technologies. This integration is crucial for modernizing core enterprise applications on hybrid cloud platforms.

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Zip Forward 2023: Recap of first annual Zip User Conference

Spend Matters

On November 8, Zip hosted its first annual Zip Forward User Conference in San Francisco, California. At the event, the provider revealed several new solution features, including a relatively robust sourcing module. Zip also hosted panels and facilitated keynotes and Q&A sessions with various procurement and finance leaders from notable customers, such as Snowflake, OpenAI, Discover and Northwestern Mutual.

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Food suppliers feel the pinch on cold storage

Supply Chain Dive

Construction is booming, but it may not be enough to meet rapidly rising demand for warehouse space.

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Robots to Outnumber People at UPS’s Massive New Warehouse

Supply Chain Brain

The package-handling giant plans to fill the $79 million facility with more than 3,000 robots by 2024 to handle tasks like lifting, reducing the need for manual labor.

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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.