Sat.Apr 06, 2024 - Fri.Apr 12, 2024

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Collaboration Crossroads: Breaking Down Silos and Building Bridges

All Things Supply Chain

Collaboration within a company is one of the many keys to its overall success. But unfortunately, many studies suggest organizational silos stop effective collaborations from occurring within companies.

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CPO Crunch: When it comes to AI, the key to starting is starting

Procurement Leaders

Given it’s dominated almost every conversation over the past 18 months, it was no surprise that artificial intelligence was top of everyone’s minds at the recent Americas Procurement Congress in Miami. What was evident from the discussions in the room is everyone understands the importance and the potential of AI. The issue leaders continue to grapple with, however, is identifying and prioritising use-cases for the technology – particularly when budgets are limited.

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Trending Sources

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FedEx’s network poised for a shakeup after US Postal Service split

Supply Chain Dive

Daytime flight operations and pilot staffing are likely targets for reductions once the air transportation contract expires in September, experts say.

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Charting a Sustainable Path: Retail Supply Chain Evolution in 2024

Supply Chain Brain

Retailers have an opportunity to prioritize a more sustainable supply chain. But how can they do this while continuing to grow the business?

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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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LSQ: Vendor Analysis — Working capital solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of LSQ and its solution for Working Capital Management. LSQ is an active participant in the fintech industry with its LSQ platform, which offers a suite of working capital management solutions. From spend insights to supplier management and payment management, LSQ’s FastTrack provides essential tools for businesses.

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The Evolution of Logistics: Connectivity, Data Integration, and Virtual Design

SCMDOJO

The term “logistics” may be relatively new, but its general principles date back to ancient civilizations. The early Mesopotamians, Egyptians, Greeks, and Romans pioneered the principles of logistics and designed trade routes to facilitate their connections with other nations. The Silk Road became a massively critical route that moved goods from the Mediterranean region to East Asia.

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Watch: The Risk to Supply Chains From Increasing Trade Restrictions

Supply Chain Brain

Amir Fadavi, senior director with K2 Integrity, advises on the risks that supply chains face today in complying with a growing number of trade regulations and restrictions.

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5 Things Procurement Should Consider When Evaluating AI with Heather Murray

Art of Procurement

“2023 was the year of the ‘dabbler.’ We all heard about AI, and we were all playing around with ChatGPT. The post 5 Things Procurement Should Consider When Evaluating AI with Heather Murray appeared first on Art of Procurement.

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UPS Out, Fedex In with USPS

Procurement Bulletin

Summer of High Oil Prices My local news station has been warning drivers of surging gas prices as Summer nears. Oil prices are near a five month high. This coincides with the current production cuts by OPEC at least until June. UPS In, Fedex Out with USPS The collaboration between the US Postal Service (USPS) and Fedex is coming to end after almost two decades.

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UPS sees big opportunity in Mexico’s nearshoring wave

Supply Chain Dive

The delivery giant anticipates both financial and efficiency benefits by handling U.S.-destined volume further upstream.

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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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Watch: How Automated Trucking Will Impact Supply Chains

Supply Chain Brain

Improved use of tires and braking systems, not to mention safety, are among the gains expected when automated trucking is widely implemented in U.S. supply chains, says Peter Coratola Jr., CEO and founder of Ease Logistics.

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The future of application delivery starts with modernization

IBM Supply Chain Blog

IDC estimates that 750 million cloud native will be built by 2025. Where and how these applications are deployed will impact time to market and value realization. The reality is that application landscapes are complex, and they challenge enterprises to maintain and modernize existing infrastructure, while delivering new cloud-native features. Three in four executives reported disparate systems in their organizations and that a lack of skills, resources and common operational practices challenge

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From Panama to the Red Sea: Understanding global commodity disruptions

Spend Matters

In the past year, numerous commodity markets faced disruptions due to factors like the Russia-Ukraine war, rising U.S. and European interest rates, and volatile economies. The Smart Cube’s “Commodity in Focus” series analyzes commodity markets to understand these influences and offer forecasts. This content is for members only. Visit the site and log in/register to read.

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11 years after Rana Plaza tragedy, fashion brands still failing to improve treatment of garment workers: report

Supply Chain Dive

Only 1% of the 250 biggest fashion brands reveal the percentage of supply chain workers paid a living wage rate, advocacy group Fashion Revolution said.

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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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In the Transition to Electric Vehicles, Components Sourcing Will Be a Growing Challenge

Supply Chain Brain

While welcome from a sustainability perspective, the shift to electric vehicles creates challenges for companies that supply traditional components and the original equipment manufacturers that rely on them.

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Procurement, AI, and Two Critical Questions

Procurement Insights

I just sat in on the Spend Matter webinar Navigating the Future: Meet AI in Procurement. Right off the bat, it was a very well-run 60-minute webinar that provided succinct insights on various elements of AI and its impact on Procurement. Having attended two different webinars in the past 48 hours, I can clearly see a difference between how a provider presents AI and the analyst approach.

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Matchory: Vendor Analysis — Supplier discovery solution overview, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis gives an overview of Matchory, a solution built to simplify and accelerate the supplier discovery process. In times when nearshoring and ally-shoring are at the top of the agenda of many procurement professionals, supplier scouting is making a comeback as an essential capability. Specifically, these discovery tools can help by making the job of sifting through the massive number of available companies more manageable.

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Union Pacific adds route between Chicago and Southern California

Supply Chain Dive

The new service is part of the railroad's push to convert freight from trucks to rail, saying it lowers overall costs for shippers.

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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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Next-Generation Packaging Brings Reliability and Visibility to Supply Chains

Supply Chain Brain

The “next generation” of packaging must meet strict standards of recyclability, reusability, compostability, biodegradability and traceability.

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Net Zero in New York? JBS Accused of Greenwashing

Art of Procurement

On February 28th, New York Attorney General Letitia James sued JBS, the largest meat company in the world, under Executive. The post Net Zero in New York? JBS Accused of Greenwashing appeared first on Art of Procurement.

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Merging top-down and bottom-up planning approaches

IBM Supply Chain Blog

This blog series discusses the complex tasks energy utility companies face as they shift to holistic grid asset management to manage through the energy transition. The first post of this series addressed the challenges of the energy transition with holistic grid asset management. The second post in this series addressed the integrated asset management platform and data exchange that unite business disciplines in different domains in one network.

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Oracle adds AI-powered tools to supply chain platform

Supply Chain Dive

The software giant's March update included features like description generation and supplier recommendations.

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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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Group of European Countries Sign Pact to Protect Vital North Sea Infrastructure

Supply Chain Brain

The agreement was signed by six Northern European nations in the face of concerns over increased risks to underwater energy infrastructure in the region.

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What are the top 3 causes of shipping errors and how can AI eliminate them?

Procurement Insights

It’s Sunday morning. The sun is shining, and the snow from this past week’s snowstorm has melted into a beautiful spring day. With a hot cup of coffee – that first sip is always the best, and the faint sound in the background of the Commodores singing “Easy like Sunday morning,” a lighthearted look at our industry seems appropriate.

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How the Masters uses watsonx to manage its AI lifecycle

IBM Supply Chain Blog

At the Masters®, storied tradition meets state-of-the-art technology. Through a partnership spanning more than 25 years, IBM has helped the Augusta National Golf Club capture, analyze, distribute and use data to bring fans closer to the action, culminating in the AI-powered Masters digital experience and mobile app. Now, whether they’re lining the fairways or watching from home, fans can more fully appreciate the performance of the world’s best golfers at the sport’s most

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Savannah port sees intermodal cargo surge in March

Supply Chain Dive

Infrastructure and low dwell times contributed to the Port of Savannah's 436,000 total TEUs handled in March.

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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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United Air Calls Off May Investor Day After Safety Incidents

Supply Chain Brain

United already had planned several changes, including an additional day of in-person training for pilots starting in May, and a centralized curriculum for new maintenance technicians.

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TealBook’s Stephany Lapierre’s BIG News

Procurement Insights

This week, I received an email from TealBook regarding “the first iteration of their Supplier Data Platform (SDP), helping customers enrich and improve their supplier data across all of their systems and tools.” Here is what they sent. What are your top takeaways from reading this? By the way, I share my thoughts at the end and hope you will share yours in the comment section.

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IBM researchers to publish FHE challenges on the FHERMA platform

IBM Supply Chain Blog

To foster innovation in fully homomorphic encryption (FHE), IBM® researchers have begun publishing challenges on the FHERMA platform for FHE challenges launched in late 2023 by the Fair Math and the OpenFHE community. FHE: A new frontier in technology Fully homomorphic encryption is a groundbreaking technology with immense potential. One of its notable applications lies in enhancing medical AI models.

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ERP transition woes batter Lamb Weston’s financial performance

Supply Chain Dive

Lower fulfillment rates hurt net sales by $135 million as the company experienced inventory visibility challenges.

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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.