Sat.Jan 20, 2024 - Fri.Jan 26, 2024

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Balancing Procurement’s Biggest Priorities in the Fast Lane

Una

Balancing Procurement's Biggest Priorities in the Fast Lane No matter the industry, Sourcing Heroes need to be adept at identifying and balancing procurement’s priorities to make the biggest impact. By Mackenzie Oakley | January 25, 2024 Search Search In the high-octane world of hypercar manufacturing, where precision meets innovation, sourcing heroes like Robert Čačković must navigate a complex landscape of challenges and opportunities.

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CPO Crunch: Hydrogen making its mark

Procurement Leaders

The concept of ‘energy transition’ fascinates me. It’s a simple phrase; one that rolls off the tongue and suggests a satisfyingly straightforward process – stop using one form of energy, start using another. Simple, clean, impactful. The reality, of course, is very different. Energy transition will be spectacularly difficult, messy and eye-wateringly expensive to achieve.

professionals

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Trending Sources

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What if AI could create world peace and just societies to progress SDG 16?

Supply Chain Queen

As Davos themes around AI and trust in the future of work, society and health of our planet can be seen across social media, what if AI could create world peace and just societies to progress SDG 16? And how?Here are a few use cases in action ⤵️1. Conflict Prediction and Prevention??AI can analyze large.

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Supply chain and procurement leaders are flocking to generative AI: Gartner

Supply Chain Dive

Organizations are using the technology to simplify complexity, save time, reduce frustration and potentially cut back headcounts.

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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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Unlocking Employee Engagement: Finding The Key to Retention Success

SCMR (Supply Chain Management Review)

While most supply chain employees seem happy in their careers, there are some areas where companies can improve employee engagement and the workplace environment to reduce turnover.

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How to handle a ransomware attack 

IBM Supply Chain Blog

It’s the news no organization wants to hear―you’ve been the victim of a ransomware attack, and now you’re wondering what to do next. The first thing to keep in mind is you’re not alone. Over 17 percent of all cyberattacks involve ransomware —a type of malware that keeps a victim’s data or device locked unless the victim pays the hacker a ransom.

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Warehouse employment keeps falling — and more layoffs loom

Supply Chain Dive

Companies are shifting their focus from expansion to efficiency within their supply chain networks, leading to job cuts and facility closures.

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AI Simulation Takes Its Place Among Supply Chain Forecasting Tools

SCMR (Supply Chain Management Review)

AI simulation is able to generate possible outcomes in the supply chain, going beyond what traditional AI and machine learning is currently capable of, says Cosmo Tech CEO Michel Morvan.

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The dynamic forces behind data center re-transformation 

IBM Supply Chain Blog

Data centers are undergoing significant evolution. Initially, they were massive, centralized facilities that were complex, costly and difficult to replicate or restore. Now, advancements in hardware and software as well as increased focus on sustainability are driving rapid transformation. Catalysts and conundrums A dramatic shift in development and operations is making data centers more agile and cost-effective.

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11 Tips to Take Your Supply Chain Career to the Next Level

SCMDOJO

Embarking on a journey to elevate your supply chain career requires a strategic roadmap, and in this blog post, we unveil eleven proven strategies that will act as your compass to success. As the demand for supply chain professionals continues to grow, staying ahead in this dynamic field demands more than technical know-how—it necessitates a holistic approach to career development.

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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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J&J Snack Foods optimizes distribution with second cold storage facility

Supply Chain Dive

The Woolwich, New Jersey, location can accommodate over 20,000 pallets of frozen food storage – including Dippin' Dots.

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Disruptions Remain a Cog in the Automotive Supply Chain Wheel

SCMR (Supply Chain Management Review)

The automotive supply chain survived the semiconductor shortage, but there are plenty of potentially unsettling disruptions on the docket for 2024.

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Weight and Value x Distance: Studying Global Supply Chain Use and Cost

Art of Procurement

In June 2023, the Journal of Economic Perspectives published a paper titled “How Far Goods Travel: Global Transport and Supply. The post Weight and Value x Distance: Studying Global Supply Chain Use and Cost appeared first on Art of Procurement.

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Networks unchained: the shift toward intent-based autonomous operations

IBM Supply Chain Blog

Telecommunications industry, a cornerstone of global connectivity, has been going through a technological renaissance for some time, driven by innovations such as 5G, IoT, cloud computing and AI. As a result, networks have become increasingly hard to manage. There is a need for automation to handle routine tasks, monitor network health and respond to issues in real-time.

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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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Will parcel shippers use fewer delivery providers in 2024?

Supply Chain Dive

Aggressive discounting from FedEx and UPS pose a threat to carrier diversification, but competitors are striking back.

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Hellios: Vendor Analysis — Supplier information management (SIM) solution overview, competitors, user considerations, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis, we give an overview of Hellios, a Supplier Information Management (SIM) solution. In the complex landscape of supplier management, organizations struggle with challenges such as compliance, inconsistent supplier data and growing demands for reporting. Hellios, a supplier information management specialist, addresses these pain points by creating industry-specific communities.

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Delivery Area Surcharges and Other Parcel Rate Hikes to Watch Out for in 2024

Supply Chain Brain

With the new year well underway, shippers can shift their attention to the general rate increases levied by parcel carriers, and focus on mitigating their impact on shipping costs.

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Balancing AI: Do good and avoid harm

IBM Supply Chain Blog

Growing up, my father always said, “do good.” As a child, I thought it was cringeworthy grammar and I would correct him, insisting it should be “do well.” Even my children tease me when they hear his “do good” advice and I’ll admit I let him have a pass on the grammar front. In the case of responsible artificial intelligence (AI), organizations should prioritize the ability to avoid harm as a central focus.

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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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UPS reinstates money-back guarantee for 2nd Day Air A.M. service

Supply Chain Dive

The suspension was put in place when the COVID-19 pandemic took hold and an influx of deliveries challenged the company's network.

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Decision Intelligence, a Natural Step in the Planning Evolution

Supply Chain Trend

Decision Intelligence (DI) is a natural evolution in supply chain planning technology. It closes the planning and execution automation gap which has been left by ERP and APS, both technologies that have reached the maturity phase for their functional aims. 7% of companies have started to adopt autonomous end-to-end planning. 3% of companies use autonomous execution to enhance their supply chain resilience.

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More Trouble for Boeing, as Online Travel Agency Sees Rise in Customers Filtering Out its Planes

Supply Chain Brain

Kayak said that it experienced a 15-fold increase following the Alaska Airlines incident in the use of its aircraft filter feature, which the company first launched in March 2019.

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LexCheck: Vendor Analysis — Contract analytics solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of LexCheck and its contract analytics solution. A leading provider in the contract markup segment, LexCheck has an established reputation for its strong pre-configured playbooks and has recently made advancements in AI, including generative AI. As a markup-focused solution, LexCheck’s purpose is to save time spent reviewing documents and identify potential risks a human reviewer may miss.

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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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3 reasons supply chain visibility is vital to retail resilience

Supply Chain Dive

Retail and CPG brands face ongoing disruption, but MK Matus, Senior Value Engineer at Celonis believes supply chain visibility will make those brands more flexible and adaptable.

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Procurement transformation: Why excellence matters

IBM Supply Chain Blog

Procurement departments tend to be less visible to many stakeholders than sales, operations or even finance departments, but the impact they have on everything from the bottom line to product quality and service delivery shouldn’t be overlooked, which is why “procurement excellence” is a worthy pursuit. Optimizing the procurement function can help deliver successful business outcomes, such as: 12–20% in sourcing/demand management savings 95% in improvement in compliance 3

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Most U.S. Companies Would Prefer Indian over Chinese Suppliers

Supply Chain Brain

Over half of the survey participants said that they wanted India to fulfill their supply chain needs over the next five years, rather than China.

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New Year Insights for the procurement solutions and services marketplace 2024: Vizibl

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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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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Lamb Weston begins ERP transition for North America operations

Supply Chain Dive

The shift has involved a production pause and reduced shipping activity due to short-term inventory visibility constraints.

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Instana 2023: Recapping our latest innovation

IBM Supply Chain Blog

You asked, and we delivered! At Instana, addressing our customers’ needs and creating a simple tool that is easy to use is fundamental to helping our DevOps and SRE teams reduce burnout rates, allowing them to excel in what they do best. Taking all your feedback and market insights into perspective and careful consideration, we are thrilled to announce that in 2023.

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Korean Battery Makers Eye Chile Lithium Projects to Supply U.S.

Supply Chain Brain

InvestChile, the South American nation’s foreign investment promotion body, has held meetings with representatives from multiple Korean companies, said the group’s executive director, Karla Flores.

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New Year Insights for the procurement solutions and services marketplace 2024: Agiloft

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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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.