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.

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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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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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Podcast | Protecting Digital Supply Chains From Cyberattack

Supply Chain Brain

For all its advantages, the digitization of supply chains has one disconcerting drawback: It makes them more vulnerable to hackers and cyber thieves.

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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.

More Trending

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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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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.

Suppliers 115
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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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My Biggest Takeaways from NRF 2024 – Retail’s Big Show

The Network Effect

The post My Biggest Takeaways from NRF 2024 – Retail’s Big Show appeared first on The Network Effect.

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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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Giant Eagle to open first automated micro-fulfillment center

Supply Chain Dive

The grocer will use the Pittsburgh facility to fulfill curbside pickup orders.

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Strategic M&A with Tech Startups is the Path to Supply Chain Resiliency In 2024

Supply Chain Brain

Retailers and logistics companies run tight margins, and developing AI or AR systems in-house, from the ground up, is prohibitively expensive.

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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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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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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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Impact of Tariffs on the Supply Chain

Supply Chain Brain

The impacts of tariff are both beneficial in the short run but could be counterproductive in the long run.

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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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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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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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Navigating Green Marketing Risk

Supply Chain Brain

The use of certain green marketing terms can lead to legal repercussions and financial consequences if not employed accurately and responsibly.

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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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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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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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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.

Inventory 111
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That Was Fast: High-Tech Component Inventories Shift From Shortage to Glut

Supply Chain Brain

For manufacturers that fretted over component shortages in 2021 and 2022, the current inventory glut is reminding them of that unsettling maxim: Be careful what you wish for.

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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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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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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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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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German Solar Start-Up Expands in U.S. to Challenge China Dominance

Supply Chain Brain

The company established a U.S.

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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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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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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.