Sat.May 06, 2023 - Fri.May 12, 2023

article thumbnail

Supply Chain Weekly Wrap-Up 05/05/2023-05/11/2023

All Things Supply Chain

What Chat GPT competitor Google’s Bard Can Do Google’s announcement of its new operating system for its in-house chatbot, Bard, at its recent developer conference.

article thumbnail

Lost in Public Space: Exploring the Unknown with the Norwegian Public Sector Segment

ivalua

Ivalua Spend Management Insights [ivory-search] Lost in Public Space: Exploring the Unknown with the Norwegian Public Sector Segment May 9, 2023 | | Public Sector /by he I have spent most of my career in the private sector and started to get in contact with the space in recent years. Though the private and public sectors may appear to be distinct entities, a closer look reveals many shared characteristics.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

UK Import and Export Statistics 2023

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter UK Import and Export Statistics — 16 Key Facts and Figures According to the World Bank’s data, the United Kingdom with a population of 67 million people recorded a $3.2 trillion dollars in GDP ( gross domestic product ) making it the second-largest and most powerful European country in international trading, the fifth-largest economy in the world, and the leading G7 m

Export 210
article thumbnail

Using Supplier Management Software to Manage Supplier Risk

ProcurePort

Supplier Management Software: Supplier Risk: Effective supplier management is critical to the success of any business. As organizations grow, managing a growing number of suppliers can become increasingly complex. To ensure a seamless and efficient supply chain, businesses need to implement robust supplier management practices that help mitigate supplier risk.

article thumbnail

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.

article thumbnail

The Big Interview with Darren Jackson

Procurement Heads

For Procurement Heads ‘ latest Big Interview, he spoke with Will Cooke about his career and what he looks for when hiring. How did you get into procurement? By accident, as 99% of people probably say! I graduated in accountancy and finance and thought that was what I was going to do but I struggled to find a role at that time. I ended up in a temp job with a cycle manufacturer, basically just data entry within the supply chain.

Risk 130
article thumbnail

Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study

ivalua

Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. As the lynchpin to suppliers, they play a pivotal role in combatting the effects of inflation, ensuring supply continuity, complying with regulatory requirements, improving sustainability and other top business priorities.

More Trending

article thumbnail

Cost Savings Through Reverse Auction Software in Purchasing

ProcurePort

In the world of purchasing, every dollar counts. Companies are always looking for ways to optimize their procurement processes and achieve cost savings to improve their bottom line. One tool that has gained considerable attention in recent years is reverse auction software. By leveraging this technology, businesses can streamline their purchasing operations, enhance supplier competition, […] The post Cost Savings Through Reverse Auction Software in Purchasing appeared first on ProcurePort

article thumbnail

The Big Interview with Darren Jackson

Procurement Heads

For Procurement Heads ‘ latest Big Interview, he spoke with Will Cooke about his career and what he looks for when hiring. How did you get into procurement? By accident, as 99% of people probably say! I graduated in accountancy and finance and thought that was what I was going to do but I struggled to find a role at that time. I ended up in a temp job with a cycle manufacturer, basically just data entry within the supply chain.

Risk 130
article thumbnail

[Pod] Supply Chain Cyber Attack: Expeditors and iRobot

Art of Procurement

Cyber attacks have been on the rise since 2020, occurring with increasing frequency and having a more detrimental impact to. The post [Pod] Supply Chain Cyber Attack: Expeditors and iRobot appeared first on Art of Procurement.

article thumbnail

Scotland Import and Export Statistics 2023

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Scotland Import and Export Statistics Scotland’s imports and exports rely heavily on its vast economic strength however, after Brexit, the country feels its reconstructed trade agreement. Scotland is an open mixed economy whthatncludes private freedom varieties, centralized economic planning, and regulation by the government.

Export 192
article thumbnail

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.

article thumbnail

Implementing Strategic Sourcing Software: The Initial Steps

ProcurePort

• Improved Cost Efficiency: Strategic sourcing software enables businesses to analyze and optimize their procurement processes, resulting in significant cost reductions and improved supplier negotiation outcomes. • Enhanced Supplier Collaboration: By streamlining communication and fostering transparency, strategic sourcing software strengthens relationships with suppliers, leading to better collaboration, risk mitigation, and long-term partnerships.

article thumbnail

Introducing the technology behind watsonx.ai, IBM’s AI and data platform for enterprise

IBM Supply Chain Blog

We stand on the frontier of an AI revolution. Over the past decade, deep learning arose from a seismic collision of data availability and sheer compute power, enabling a host of impressive AI capabilities. But we’ve faced a paradoxical challenge: automation is labor intensive. It sounds like a joke, but it’s not, as anyone who has tried to solve business problems with AI may know.

Data 128
article thumbnail

Kraft Heinz leans on AI to boost its supply chain performance

Supply Chain Dive

The food giant’s service rates and sales have improved with digital tools that provide visibility into its operations, though some ingredient shortages persist.

article thumbnail

Invoice Reconciliation — Everything You Should Know

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Invoice Reconciliation — Everything You Should Know Invoice reconciliation can help businesses in fixing issues regarding payments. However, many people view it as a minor task. In this article, we will discuss what invoice reconciliation is.

article thumbnail

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

article thumbnail

ERP Master Data: A Guide to Improve Quality & Governance

SCMDOJO

In today’s fast-paced business world, organizations are increasingly relying on technology to streamline their operations and stay competitive. One such technology that has gained immense popularity in recent years is Enterprise Resource Planning (ERP) systems. ERP is a broad term that encompasses the financial, manufacturing and distribution capabilities of a company.

Quality 124
article thumbnail

House GOP Spending Cuts Would ‘Wreak Havoc’ on U.S. Air System, FAA Says

Supply Chain Brain

The number of air-traffic controllers has dwindled over the past decade as a result of multiple setbacks to hiring and training, including the COVID-19 pandemic and various government shutdowns.

111
111
article thumbnail

UPS, Teamsters kick off high-stakes national contract negotiations

Supply Chain Dive

The delivery giant is optimistic about reaching an agreement, but some say the risk of a strike is higher than in previous years.

article thumbnail

Thailand Import and Export Statistics 2023 — 15 Key Figures

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Thailand Import and Export Statistics — 15 Key Figures Thailand is a vibrant and rich country famous for its beautiful beaches, magnificent temples, flavorful cuisines such as Pad Thai and Tom Yum Goong. Thailand emerged as an upper-middle income country after its remarkable social and economic progress due to smart implemented policies.

Export 155
article thumbnail

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.

article thumbnail

Introducing watsonx: The future of AI for business

IBM Supply Chain Blog

Today is a revolutionary moment for Artificial Intelligence (AI). After some impressive advances over the past decade, largely thanks to the techniques of Machine Learning (ML) and Deep Learning , the technology seems to have taken a sudden leap forward. Suddenly, everybody is talking about generative AI: sometimes with excitement, other times with anxiety.

article thumbnail

How AI Technology Trends Are Impacting Supply Chain Operations

Supply Chain Brain

For artificial intelligence to work in the supply chain, there must be targeted use cases that are focused on critical business workflows.

article thumbnail

US Postal Service reduces FedEx spend amid transformation plan

Supply Chain Dive

The agency is scaling back its reliance on air transport, which spells trouble for FedEx Express.

145
145
article thumbnail

Episode 114: Creating a Difference in Sustainable Packaging with Cory Connors

Una

EPISODE 114 Creating a Difference in Sustainable Packaging with Cory Connors By Kelly Barner | May 10, 2023 As goods move through the supply chain, the amount of packaging that moves with them is mind boggling. Efforts to increase operational sustainability are gaining steam worldwide, which means that what that packaging is made of and what happens to it after a delivery has been made are of greater concern than ever before.

article thumbnail

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.

article thumbnail

Accelerate your speed of business with IBM Event Automation

IBM Supply Chain Blog

Customer needs and market dynamics are constantly shifting from one moment to the next. There are thousands of business events flowing through every part of your organization every day. These events can provide a wealth of information about what’s actually happening across your business at any moment in time. Organizations that can capitalize on this continual stream of business intelligence can spot trends, issues and opportunities, address threats, and act quickly.

article thumbnail

Shopify Sells Logistics Unit

Procurement Bulletin

Oil Prices Dropped for 3 Consecutive Weeks Despite the tight supply of oil, oil prices still managed to drop for three consecutive weeks. Shopify Sells Logistics Unit Former e-commerce darling, Shopify, is unloading its logistics unit to supply chain company Flexport. As Shopify is also amidst a round of layoffs for the beleaguered e-commerce SaaS. India and Russia Suspends Proposal to Trade in Rupees As some countries try to move away from trading in US dollars, the proposal between India and R

article thumbnail

How manufacturers are using AI to improve worker safety

Supply Chain Dive

The technology is helping some companies limit employees' exposure to often risky tasks like equipment maintenance and enhanced safety training.

114
114
article thumbnail

Building a Procurement Function From Scratch

Una

Building a Procurement Function From Scratch With the right approach, building a procurement function from scratch can create streamlined and efficient processes that deliver real value to your organization. By Hugo Britt | May 11, 2023 Search Whether you’re building a new house, moving to a new city, or learning a new skill, starting from scratch can be a daunting task.

article thumbnail

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.

article thumbnail

The Ultimate Guide To Getting A Sourcing Agent

Procurement Freelancers

The procurement process naturally involves sourcing. It is what people refer to as the organization’s… The post The Ultimate Guide To Getting A Sourcing Agent first appeared on Procurement Blog | Procurement & Supply Chain News.

article thumbnail

At IBM Think, partners are front and center

IBM Supply Chain Blog

If you’ve followed IBM over the past few years, you know how critical the IBM Ecosystem is to our growth strategy. It’s why we gave partners access to the same training and enablement as IBMers last year, launched a new partner program in January, and continue investing in and growing the IBM Ecosystem. So, it should come as no surprise that partners are front and center during our annual Think conference this week.

article thumbnail

Nestlé closes 2 Pennsylvania plants

Supply Chain Dive

The company's heath science division will lay off more than 300 workers as it consolidates its supply chain.

article thumbnail

UPS, Teamsters Open High-Stakes U.S. Labor Talks

Supply Chain Brain

The Teamsters said they would refuse to negotiate until UPS signed regional supplement contracts with the union. But, to date, two regional supplemental agreements remain unresolved.

article thumbnail

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.