Sat.Mar 09, 2024 - Fri.Mar 15, 2024

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Why Is Supply Chain Visibility Critical for Effective Decision-Making?

All Things Supply Chain

Supply chain visibility is about knowing where things are at all times, from their sources to their final destinations. Various technologies can track goods in real time.

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CPO Crunch: New model armies

Procurement Leaders

Hands up if you’re either thinking about, have recently been through or currently undergoing a procurement operating model change. I have a suspicion – if you were to play the game – that a lot of virtual hands would be reaching for the sky right now. Why? Anecdotally, I’ve had several conversations with CPOs recently that have landed on the issue, which is one sure indicator, but another stronger indicator was last week’s CPO community call on the subject.

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Trending Sources

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Crisis Management 101: A Supply Chain Primer

SCMR (Supply Chain Management Review)

Many supply chains have developed plans to navigate through disruptions, but fewer have detailed crisis management plans to implement should the unthinkable happen.

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3 warehouse real estate markets to watch in 2024

Supply Chain Dive

A recent wave of construction completions could help tenants secure more favorable deals at logistics hot spots near major ports and the U.S.-Mexico border.

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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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Four Keys to Realizing Flexible Fulfillment of E-Commerce Orders

Supply Chain Brain

The adoption of e-commerce as the consumer’s retail channel of choice has increased by 30% post-pandemic, spurring urgent mandates for e-tailers to scale operations and services.

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VORTAL: Vendor Analysis — e-Sourcing and e-Procurement solution overview, roadmap, customer feedback, competitors, user considerations, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis we provide an overview of VORTAL and its source-to-pay (S2P) solution. Procurement organizations increasingly demand efficient and streamlined processes. Traditional procurement processes can be complex, time-consuming and manual, leading to inefficiencies, a lack of transparency and increased risk. To overcome these challenges organizations often look for a technology solution that offers automation, centralized data management and streamlined workflows.

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Target deepens bets on supply chain, inventory management

Supply Chain Dive

The retailer has 10 new facilities in the pipeline and is investing in AI and machine learning to sharpen demand planning as it grows its profits.

Inventory 125
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How Generative AI Will Shape Contracting

Supply Chain Brain

Contracts have long been uncelebrated essentials in the business environment. If your company is like most others, procurement professionals view commercial agreements as irritating interruptions to business procedures. They can’t wait to sign the bottom line of the documents, file them in a cabinet and forget them.

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Meet AI in Sourcing

Spend Matters

Artificial intelligence (AI) comes in many forms (for a complete history of AI in procurement see our recently published autogmentation series) and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry. In this series of articles we explore the current state of AI in procurement technology.

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Three Strikes for the New Baseball Uniform

Art of Procurement

I live in Boston, one of the greatest sports towns in the world (if we do say so ourselves). With. The post Three Strikes for the New Baseball Uniform appeared first on Art of Procurement.

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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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In an era of AI, skill building is a top organizational priority, LinkedIn says

Supply Chain Dive

Learning and development pros can encourage short bursts of instruction to help workers make progress in small chunks.

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Watch: Use Multiple Delivery Carriers for Last-Mile Success

Supply Chain Brain

All retailers, even those with private fleets, should consider multiple delivery-carrier scenarios for last-mile success, says Bill Catania, chief executive officer and founder of OneRail.

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Procurement Strategies and Innovation – A CPO treasure chest

Spend Matters

At Spend Matters, it’s as important for us to get to know the requirements and opinions of the procurement community of practitioners as it is for us to understand the world of tech solutions and their providers. So it was good to see a nice mix of both presenting at Procurement Strategies and Innovation (PSI) last week. We use solution provider and practitioner intelligence, alongside our first-hand knowledge from endless demos within the tech industry (culminating in our Vendor Analyses ) to s

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Using Your End Of Year Budget for L&D Effectively

Skill Dynamics

As the year draws to a close, organizations face the critical task of effectively utilizing their end-of-year Learning and Development budgets. The allocation of this budget is not a decision to be taken lightly, as it has a direct impact on the company’s growth, productivity, and talent development. With countless options available in the market, it’s crucial to find a solution that aligns with your organizational objectives and addresses your specific skill gaps.

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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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Gap Inc. gets a boost from retooled sourcing strategy

Supply Chain Dive

Falling commodity costs have lifted margins, while leaner inventories have helped improve operations and reduced markdowns.

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A Call for More Shippers and Carriers to Get on Board With ‘Decarbonizing’ Shipping

Supply Chain Brain

A select number of ocean carriers and shippers are racing to meet decarbonization goals for international transportation over the next few years. And they need help.

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How IBM helps clients accelerate app modernization and control costs

IBM Supply Chain Blog

A large US-based healthcare company recently engaged with IBM® to accelerate their cloud adoption with consistent and predictable outcomes. This collaboration enhanced their confidence to navigate app modernization across various applications and landing zones for both hybrid cloud and platform-native modernization. As a healthcare company, this client had an obligation to provide safe, reliable, time-sensitive, high-quality services to its customers.

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A Hoarding Explanation for the Post-COVID Inflation for Goods

SCMR (Supply Chain Management Review)

Inflation continues to impact the U.S. economy, but could a fear of supply shortages have caused a hoarding of materials and contributed to inflation’s rise?

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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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Better shipping contracts benefit BarkBox owner

Supply Chain Dive

Dog toys and treats brand Bark, which uses FedEx, the U.S. Postal Service and Pitney Bowes, joins other shippers that have trimmed their delivery costs.

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A 2024 Supply Chain To-Do List

Supply Chain Brain

A post-Covid-19 supply chain model is emerging to cope with a dual ‘new normal’ in global commerce — a need for resilience amid volatility, and heightened concerns around climate and, more broadly, sustainability of products and processes.

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Navigating Success: The Vital Role of Procurement Consultants in the Food Manufacturing Industry

Procurement Freelancers

In the ever-evolving landscape of the food manufacturing industry, ensuring the smooth and efficient procurement… The post Navigating Success: The Vital Role of Procurement Consultants in the Food Manufacturing Industry first appeared on Procurement Blog | Procurement & Supply Chain News.

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Why does procurement need to work in a physical “in-person” company office?

Procurement Insights

“We don’t decide whether we are a hybrid, remote or in-person company. We are everything, in the same way that we are everything on several fronts of the business. We just decide what our people management model is,” says Daniel Knopfholz , vice-president of People and Technology at Grupo Boticário. EDITOR’S NOTE: Sometimes, the best way to tackle a subject isn’t to write about it but to share the actual discussion regarding the important topic of who has to work, from where, and whe

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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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Big Lots makes huge gains in closeout sourcing

Supply Chain Dive

The company has revamped its procurement strategy to focus on acquiring inventory from distressed and overstocked retailers and brands.

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Watch: How Marketers Can Build Trust in Their Brand

Supply Chain Brain

Georgia Wraight, a strategic executive leader and former executive with Covetrus and The Rockport Group, discusses the importance of brand today, and shares tips on building brand trust for all stakeholders.

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Getting started with Kafka client metrics

IBM Supply Chain Blog

Apache Kafka stands as a widely recognized open source event store and stream processing platform. It has evolved into the de facto standard for data streaming, as over 80% of Fortune 500 companies use it. All major cloud providers provide managed data streaming services to meet this growing demand. One key advantage of opting for managed Kafka services is the delegation of responsibility for broker and operational metrics, allowing users to focus solely on metrics specific to applications.

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Future Sourcing and Procurement Trends Prediction by Sourcing Consultants

Procurement Freelancers

Are you prepared to handle the sourcing industry’s fast-changing landscape? In the current unstable economy,… The post Future Sourcing and Procurement Trends Prediction by Sourcing Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

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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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Lack of career development holds back women from leadership, survey says

Supply Chain Dive

When women don’t receive the support they need, they are 1.5 times more likely than men to leave their companies to advance in their careers, DDI said.

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Accelerating supply chain transformation with cloud-based fleet planning

Supply Chain Brain

Studies have shown that companies implementing digital and sustainability innovations are two and a half times more likely to outperform competitors who don't seek to innovate. The problem many companies have when embarking on their digital journey is where to begin.

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Meet AI in Spend Analytics

Spend Matters

Artificial intelligence (AI) comes in many forms (for a complete history of AI in procurement see our recently published autogmentation series) and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry. In this series of articles we explore the current state of AI in procurement technology.

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Where does food waste occur most in the supply chain?

Procurement Insights

The work started in 2020 by the Natural Resources Defense Council (NRDC) , WWF , Harvard Law School Food Law and Policy Clinic and ReFED created this movement. I’m very proud to join it as we seek to influence the legislative process federally, by state, and locally. If more families are fed because of this; it is worth doing! Flashfood hashtag#collectiveimpact – Nicholas Bertram , CEO Flashfood My parents, born in 1916 and 1918, lived through the Great Depression.

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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.