Sat.Jun 10, 2023 - Fri.Jun 16, 2023

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Building a Resilient Supply Chain with Better Data

Art of Procurement

In 2018 Harvard Business Review predicted that in 5-10 years automation would likely replace the supply chain function. “The trend. The post Building a Resilient Supply Chain with Better Data appeared first on Art of Procurement.

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The benefits of automated attack surface management

IBM Supply Chain Blog

Can security teams keep up with attack surface risks without automated processes? Survey data indicates that the answer is no. In a 2023 survey of IT and cybersecurity professionals , nearly three-quarters (72%) said attack surface discovery alone takes more than 40 person-hours to complete. That does not include the additional time it takes for security teams to analyze the discovery data, prioritize actions and mitigate risks.

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Sustainability and green logistics: reshaping the supply chain

Supply Chain Dive

The rise of sustainable practices and green logistics is revolutionizing supply chain. Companies are taking steps to reduce their carbon footprint and adopt environmentally friendly practices in their logistics operations.

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Supply chain stability remains elusive

SCMR (Supply Chain Management Review)

While supply chain disruptions have lessened, ASCM and KPMG’s Stability Index continues to point to increased global instability.

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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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Support a Struggling Supply Chain with Digital Thread

Supply Chain Brain

When manufacturing, quality management and supply chain planning systems are all working synchronously, manufacturers are better equipped to adapt and respond to supply chain disruption.

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Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know

ivalua

Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD). This new regulation builds upon its predecessor, the Non-Financial Reporting Directive (NFRD), and brings about significant changes that impact organizatio

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THE BIG INTERVIEW WITH VICKY HINCHLIFFE

Procurement Heads

For Procurement Heads’ latest Big Interview, Vicky spoke with Gemma Burman about her procurement career and procurement’s role within Cadent. How did you get into procurement? When I finished my qualification in business studies, I joined a laser company as an administration assistant and part of that role was buying stationery and coordinating travel arrangements.

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Dove’s Real Beauty Campaign: Evolution of a Social Message

Art of Procurement

In 2004, Dove revolutionized skincare marketing by launching their ‘Real Beauty’ Campaign. Celebrated for the decision to represent women of. The post Dove’s Real Beauty Campaign: Evolution of a Social Message appeared first on Art of Procurement.

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Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation

ivalua

Ivalua Spend Management Insights [ivory-search] Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation June 14, 2023 | | Thought Leadership by Vishal Patel Implementing a procurement application requires careful planning and execution, but combining it with a successful strategy can also ensure stakeholder buy-in, improve communications, support change management, reduce cost, and increase speed to market.

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Germany Warns of Industry Shutdown if Russian Gas Stops Flowing

Supply Chain Brain

Vice Chancellor Robert Habeck said German policymakers should avoid "making the same mistake again" of assuming the economy will be unaffected by the Russian war in Ukraine.

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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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CPO Spotlight: Clive Berrington

Procurement Heads

For Procurement Heads ‘ latest CPO Spotlight, he spoke with Dan Goodson about how he got into procurement & what he’s doing to improve diversity. How did you get into procurement? I’m not one of those people who, as a child, had their long-term career vision in place. It has been much more of an evolution over my career. I have done various roles throughout that time in project management, commercial, finance, strategy, and then latterly in procurement.

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UPS workers authorize strike in thick of Teamsters contract negotiations

Supply Chain Dive

Although expected, the vote allowing union leaders to call a strike ramps up pressure on the company to reach a new agreement.

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The Missing Step to Most Supply Chains that Increases Efficiency

SCMDOJO

As a business owner, you always seek ways to increase efficiency and decrease costs. As supply chain professionals, we must understand the role of Effectiveness & Efficiency in Supply Chain Optimization But while you may have already implemented changes, you feel like there’s still something missing to decrease your cost. The truth is: there is.

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Supply Chain Planning Must Become Decision-Centric

Supply Chain Brain

The environment in which chief supply chain officers find themselves has changed significantly in recent years, but most organizations have failed to adjust their approach to planning.

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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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[Pod] Procurement 6 – June 16th, 2023

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 [Pod] Procurement 6 – June 16th, 2023 appeared first on Art of Procurement.

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Deliveries keep getting faster. Will it last?

Supply Chain Dive

Shippers adjusted to pandemic-related disruptions to reach customers faster. But shifting shopper preferences and cost-cutting efforts may slow things down.

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3PL Integration: Building an Expandable and Resilient Orchestration Solution

SCMDOJO

In today’s competitive market, the successful operation of a business hinges on the smooth integration of various processes and information management systems, especially when it comes to 3PL integration. With the complexity and challenges involved, many businesses find themselves overwhelmed. Thankfully, outsourcing logistics services to a reliable third-party logistics provider (3PL) can make a significant difference.

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Watch: Proximo Spirits' Journey to Decision Intelligence: A Case Study

Supply Chain Brain

Luis Gonzalez, global supply chain director of Proximo Spirits, a subsidiary of Becle, relates the company's search for a decision-intelligence tool, and its partnership with Aera Technology.

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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 to Choose the Right Last-Mile Delivery Technology for Your Business

Let's Talk Supply Chain

How to Choose the Right Last-Mile Delivery Technology for Your Business Last-mile delivery is complex. It’s a challenge that shippers and carriers worldwide are battling every day. Will my deliveries reach my customers on time? How do I know which route is the shortest and the fastest for my deliveries? How do I manage my fleet? How can I keep track of all my deliveries?

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Improved autonomy leads to profitable robot deliveries for Cartken

Supply Chain Dive

The company’s sidewalk-roaming robots are now able to navigate complex situations on streets "with basically no intervention," its CEO said.

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An Insight Into Strategic Sourcing

Procurement Freelancers

To optimise an organisation’s supplier base, procurement experts employ strategic sourcing, a methodical, data-driven strategy.… The post An Insight Into Strategic Sourcing first appeared on Procurement Blog | Procurement & Supply Chain News.

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Seven in Ten Supply Chain Professionals Still Experience Significant Challenges

Supply Chain Brain

In DispatchTrack's "2023 Supply Chain Perspective" survey, 72% of professionals said they're still experiencing significant supply chain challenges despite claims that the global crisis has improved.

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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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Is there a “right” cloud strategy for banking?

IBM Supply Chain Blog

As public cloud technology and hybrid multicloud architectures are being adopted in financial institutions at an increasing rate, we’re observing that their counterparts in the public sector— central banks—are a long way behind, due at least in part to a profoundly risk-averse approach. While central banks have a very different mission from commercial banks, what they do have in common is the need to modernize their IT operations to support digital transformation, contain costs

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Ship wait times rise at Seattle, Long Beach, other ports after slowdowns

Supply Chain Dive

Longer vessel load and unload times, as well as a growing number of West Coast-bound ships, have combined to create sizable ship backups at many major port gateways.

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The Advent Of AI In Procurement

Procurement Freelancers

Imagine a day in the not-too-distant future when you have a smart assistant at your… The post The Advent Of AI In Procurement first appeared on Procurement Blog | Procurement & Supply Chain News.

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In the Race to Electrification, the Humble Bus Is in the Lead

Supply Chain Brain

By 2032, about half of the world’s buses will be entirely battery-powered as will almost three out of four buses sold, according to BloombergNEF’s seventh annual Electric Vehicle Outlook.

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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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IBM watsonx.ai: Open source, pre-trained foundation models make AI and automation easier than ever before

IBM Supply Chain Blog

Sometimes the problem with artificial intelligence (AI) and automation is that they are too labor intensive. That sounds like a joke, but we’re quite serious. Traditional AI tools, especially deep learning-based ones, require huge amounts of effort to use. You need to collect, curate, and annotate data for any specific task you want to perform.

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FedEx to close sites in Texas, Georgia

Supply Chain Dive

About 120 employees, primarily couriers, will be impacted by the two Sept. 4 closures.

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Reshoring isn’t the only change taking place in supply chains

SCMR (Supply Chain Management Review)

Reshoring has received a lot of attention, but more companies are shifting parts of their supply lines from China to other Asian countries.

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In the Nearshoring Game, Is China the Ultimate Winner?

Supply Chain Brain

Over the past 18 months, Chinese companies have leased up to 80% of industrial park space in Mexico to produce solar panels, electric vehicle batteries and housing materials.

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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.