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

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CPO Crunch: Looking back on the ‘year of AI’

Procurement Leaders

Just before the holidays, Jim Ridgwick, director of procurement at Save the Children, led a Procurement Leaders community session to share how he and his team had executed a significant digital transformation at the charity. The results of the transformation were profound: a 50% reduction in the number of days to delivery, as well as much tighter financial controls and supplier visibility in a sector where “because it’s a matter of life and death, speed is of the essence”.

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The Missing Link: Procurement’s Critical Role in Maximizing Reverse Logistics Efficiency

Supply Chain Brain

When tech companies began offloading their reverse logistics businesses, industry giants with physical capabilities were waiting, eager to see if they could deploy those capabilities in-house.

Logistics 119
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When the dust settles, what can AI actually deliver in procurement?

Spend Matters

This content does not necessarily express the views or opinions of Spend Matters. There’s been a lot of hype around AI this year. ChatGPT-3 made almost every news headline, lauded as a groundbreaking tool that will change the operations of every industry. In reality, when the dust settled, it wasn’t the perfect solve-all solution people initially thought it was.

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What does the C-Suite think about procurement? Are we still living in a van down by the river?

Procurement Insights

TRIGGER WARNING: This is a parody – no procurement professionals or C-Suite execs should be offended by the contents of this video. However, it does raise an important question – what “other things” will the acceptance of procurement as a strategic partner lead to? Here is another question: Is it time that procurement moves out of the van “down by the river?

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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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Would you really use an RFP to buy procurement technology? REALLY!!

Procurement Insights

“There is so much procurement technology out there, but how do you select what is right for you? I am really against doing an RFP, and here are the 3 reasons why.” – “There is so much procurement technology out there, but how do you select what is right for you? I am really against doing an RFP, and here are the 3 reasons why.” – (NOTE: Click the link to find out Bac’s 3 reasons) Nico Bac (LinkedIn Post, January 9th , 2024) Like salt and pepper, Abbott a

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Introducing Art of Supply

Art of Procurement

Effective today, Dial P for Procurement is the Art of Supply podcast. Building on the strength of the category-leading Art. The post Introducing Art of Supply appeared first on Art of Procurement.

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UPS to cut sorting shift at Indianapolis facility amid soft demand

Supply Chain Dive

The location joins a company hub in Louisville, Kentucky, in closing its day sort on Feb. 16.

Demand 139
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How to Implement Vendor Management Software Successfully

ProcurePort

In business, organizations rely on vendor relationships to shape their success. These relationships are complex and important for operations. Managing these relationships efficiently is no longer a choice but a strategic imperative. As businesses expand their network of suppliers, service providers, and collaborators, the complexity of vendor management grows exponentially.

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Turning the Page: One industry’s paper-thin use of AAA

SCMR (Supply Chain Management Review)

Developing agile, adaptable, and aligned supply chains can help the printing-paper industry weather supply chain turmoil.

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USDOT Provides Update on Transportation Infrastructure Improvements

Supply Chain Brain

The National Roadway Safety Strategy showed that roadway safety planning improved for over 70% of the U.S. population while funding for safety improvements went towards 4,515 intersections.

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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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Extreme weather is 2024’s top supply chain risk: Everstream

Supply Chain Dive

Wildfires, rains and droughts could cause shipping delays, while agricultural commodities might face shortages from weather and other factors, the analytics firm said.

Risk 116
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Modernizing mainframe applications with a boost from generative AI

IBM Supply Chain Blog

Look behind the scenes of any slick mobile application or commercial interface, and deep beneath the integration and service layers of any major enterprise’s application architecture, you will likely find mainframes running the show. Critical applications and systems of record are using these core systems as part of a hybrid infrastructure. Any interruption in their ongoing operation could be disastrous to the continued operational integrity of the business.

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Canada Continues Attracting Battery Producers

Procurement Bulletin

Canada Continues Attracting Battery Producers Canada continues to attract investment in the battery supply chain. The latest is a Japanese company considering in investing $1.6 billion in building battery facility in Manitoba. Manufacturing in Canada Slows Down Manufacturing accounts for 10% of Canada’s GDP, but it saw a slowdown in manufacturing last month due to decreasing demand.

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2024 Predictions: A New Era of Strategic Supply Chain Design

Supply Chain Brain

The time for pandemic-era thinking is over. This will be the year of strategic supply chain design — but companies must be shrewd in their technology and vendor selection.

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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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Supply chain trends 2024: rising operations costs

Supply Chain Dive

Labor, materials, cybersecurity and insurance spending will likely continue to increase this year.

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Current Inventory Dynamics Aren’t the Bullwhip Effect

SCMR (Supply Chain Management Review)

The bullwhip effect is used by many economists to explain current inventory market dynamics, but it is another term – inventory accelerator – that more accurately reflects what is happening.

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How Jamworks protects confidentiality while integrating AI advantages

IBM Supply Chain Blog

The integration of artificial intelligence (AI) has ushered in a new era of technological progress, offering a spectrum of benefits across industries. AI’s potential to revolutionize operations, enhance decision-making and drive innovation is undeniable. The advantages of AI are numerous and impactful, from predictive analytics that refine strategies, to natural language processing that fuels customer interactions and assists users in their daily tasks, to assistive tools that enhance acce

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India Facing Surprising Shortage of Factory Workers

Supply Chain Brain

Instead of seeing workers move onto factory floors, India appears instead to be de-industrializing.

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The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?

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FAA steps up oversight of Boeing production in wake of Alaska Airlines incident

Supply Chain Dive

The agency will audit the aircraft maker’s 737-9 Max production line and suppliers like Spirit AeroSystems, which has been plagued by its own quality woes over the last year.

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Fire Prevention Within the Supply Chain

SCMR (Supply Chain Management Review)

Disruption is the new norm within the supply chain, but with C-suite backing, and the right decisions, supply chain managers can better prepare their organizations for the inevitable.

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The 4 Top Challenges in Deploying AI in Healthcare and Pharmaceutical Supply Chains

The Network Effect

The post The 4 Top Challenges in Deploying AI in Healthcare and Pharmaceutical Supply Chains appeared first on The Network Effect.

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Choosing Warehouse Sorting Systems for the Future

Supply Chain Brain

Perhaps more than any other warehouse systems, sorters are also among the most time-tested and multi-faceted solutions in use today.

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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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Circularity could reduce dependence on China for rare earths: study

Supply Chain Dive

Reuse and recycling could help the U.S. meet up to 40% of its demand for materials critical to the energy transition, according to a new scientific paper.

Demand 114
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Rising Rates Persist Amid Ongoing Disruptions in Red Sea, Panama Canal

SCMR (Supply Chain Management Review)

As shippers navigate goods around low water levels in the Panama Canal and risks in the Red Sea, rates are rising and the risk of downstream disruptions is growing.

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Business disaster recovery use cases: How to prepare your business to face real-world threats

IBM Supply Chain Blog

Successful business owners know how important it is to have a plan in place for when unexpected events shut down normal operations. Modern enterprises face many types of disasters, including pandemics, cyberattacks , large-scale power outages and natural disasters. Last year, companies around the world spent close to USD 219 billion on cybersecurity and security solutions, a 12% increase from the previous year according to the International Data Corporation (IDC) (link resides outside ibm.com.

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Navigating Peak Seasons: E-commerce Fulfillment Best Practices

Supply Chain Brain

Throughout the year, there are certain times in which it's particularly important for consumers to have a flawless e-commerce experience.

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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.

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Federal program aims to solidify food supply chains

Supply Chain Dive

Regional hubs across the country are supporting the growth of local agriculture, tailoring services based on the area of the country and the farmers involved.

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Can Data Solve Retail’s Goldilocks Problem?

SCMR (Supply Chain Management Review)

Retailers are notorious for either having too much or too little stock, but new technology and data collection may be the answer to getting inventory just right.

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10 Must-Listen Supply Chain Podcasts for Industry Professionals

SCMDOJO

In this fast-changing world, if you are a supply chain professional looking to stay up-to-date with the latest industry trends, podcasts are the best way to do so. Here we have compiled a list of must-listen supply chain podcasts for people who are interested in knowing everything about the industry. These podcasts cover the latest technological updates and advancements with different industry experts sharing their expertise and knowledge.

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Half of Supply Chain Orgs Will Implement GenAI in the Next Year

Supply Chain Brain

Only about 2% of respondents said that they have no plans to implement GenAI in their operations over the next 12 months.

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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.