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Technology can change or even improve work. Companies today making a fundamental mistake: they are attempting to automate current processes with AI versus challenging and redefining work. Today, in supplychain planning, this could not be further from reality. What’s missing? This bearish attitude is well-founded.
In this type of environment, traditional procurement software and manual processes are insufficient – and many procurement teams are looking to artificial intelligence (AI) for answers. Without the right tools, it’s difficult to properly vet vendors or catch the early warning signs of potential fraud or other issues.
As a supplychain executive, picture beginning your day with a cup of coffee when a news alert notifies you of newly imposed tariffs affecting your primary suppliers in China. Companies leaning heavily on global sourcing? Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos.
The rise of AI technology combined with Source-to-Pay (S2P) digitization are becoming key allies for leading procurement teams in their quest for ever smarter workflows, improved insights, and data-based decision-making. Accurate, centralized data is the foundation of AI readiness and automation.
Speaker: Fernando Penteado, CPSM - Supply Chain and Logistics Executive, Global Markets Expert, and International Speaker
The still-persistent effects of the pandemic have made it clear that the skills and tools that characterize traditional S&OP are not enough to respond to unprecedented interruptions. Join this exclusive webinar with internationally experienced supplychain executive Fernando Penteado to discover the solutions you need.
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supplychains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supplychains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.
SCB Feature Report From DPW: What’s Next for AI in SupplyChain? That’s because the promise of artificial intelligence for supplychain operations is huge. It could do more to accelerate the journey of supplychain operations from the backroom to the boardroom than any other change.
Many of the world’s largest companies have committed to reaching net zero by 2050, triggering a ripple effect throughout global supplychains. For most CPG brands, indirect emissions — those that occur across the supplychain — represent the majority of their carbon footprint. Retailers are following suit.
” Here is an excerpt from the article: “…it isn’t by becoming more efficient that the supplychains of Wal-Mart, Dell, and Amazon have given those companies an edge over their competitors. According to my research, top-performing supplychains possess three very different qualities. The gap was large.
Today, I am proud to launch the SupplyChain Index. It is my hope that the readers of this blog will take time to either join us today to listen to the launch of the SupplyChain Index on our webinar or listen to the replay. (We The SupplyChain Index has been two years in the making.
Today, I finished up a report on supplychain talent. After doing the analysis of the results, I even more firmly believe that supplychain talent is the missing link in the supplychain. It is the sourcing and development of mid-management talent. Average turnover of supplychain managers is 15%.
Supplychain resiliency and sustainability are top priorities for CEOs today. To achieve these goals, corporate leadership must focus on two key areas: shift from internally focused supplychains to collaborative supply networks and actively design their supplychains.
Supplychain disruption is a fact of life for every company that moves any type of product. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. A resilient supplychain may be stretched to the max, but it doesn’t break. Trade disputes and tariffs.
Those that also leverage scenarios in IBP are even better prepared to deal with the supplychain shocks caused by COVID-19. Our first webinar with Oliver Wight discussed common people, process and technology pitfalls that hinder IBP initiatives. Use case 2: Smart restructuring. ” – Tweet this.
Due to travel restrictions, I cannot attend many industry events, so I observe from home, watching webinars and remote broadcasts. Wikipedia Unleashing the Contrarian Here are my thoughts this morning over coffee: Gartner Top 25: Really A Celebration of SupplyChain Leadership? Surgery is over. I am safely recuperating at home.
In fact, IDC predicts that manufacturers across Asia who digitally transform and accelerate sustainable innovation to improve supplychain operations, will increase their revenue by 20 percent in 2025. For reasons of climate change and profitability rewards, maintaining a more sustainable approach to the supplychain is obvious.
Now more than ever, organizations must prepare their supplychain for the present and the unknown challenges and opportunities in the future. Integrating external factors like consumer price indexes, GDP trends, climate change, and others into the forecast can improve signaling for supplychain design.
Integrated Business Planning (IBP), as defined by its creators at Oliver Wight , is “the business planning process that extends the principles of S&OP throughout the end-to-end supplychain, product, service and customer portfolios, customer demand and strategic planning, to deliver one seamless management process.”
by Meranda Powers If you’re reading this, it’s highly likely you’re living the supplychain life. And if you’re living the supplychain life, it’s likely that you have come to the same realization we have – that operating a supplychain ‘as usual’ isn’t cutting it anymore.
The COVID-19 pandemic has exposed many risks and uncertainties in supplychain networks. Current Technologies in Use for SupplyChain Network Design . Another use case we see for scenario modeling in the current context is evaluating new sourcing locations. Read on for common use cases. .
Still, it can be just as disruptive to supplychain performance. Fleet management is a long game — budget cycles, replacement planning, technology roadmaps. Without experienced managers in place, truck availability drops, repairs are delayed, and cost control becomes difficult. Disruptions in decision-making.
Supplychains are messy. Blockchain in SupplyChain Can Help. WHITE PAPER] The Top SupplyChain Trends that Will Impact SupplyChain Management in 2018. The inefficiencies that plague supplychains have seemingly been around forever. Blockchain in supplychain changes that.
In today’s fast-paced, unpredictable world, supplychain leaders are under unprecedented pressure. The complexity and volatility of global supplychains have been magnified by recent disruptions, making it clear that traditional approaches are no longer sufficient.
In February, Klaus Niebur, the director of global supplychain risk management at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supplychain risk management at ARC Advisory Group’s Digital Transformation in Industry conference. The implementation was not trivial.
Risk permeates supplychains. The best-laid plans to avoid as many risks as possible often fall on deaf ears in supplychain management, but supplychain executives who take the time to understand the greatest threats can successfully position their companies to overcome such risks.
Over the next two years, manufacturers are set to invest more than $250 billion in the Industrial Internet of Things (IIoT), and the use of technology to improve manufacturing will only increase. Let us take a closer look at some the advanced manufacturing technologies set to define the state of manufacturing throughout 2018.
As a result, shippers need to know a few things about last mile automation. Startups Are Already Looking to Use Robots in Last Mile Automation. While this may seem out-of-place in last mile logistics, it shows the demand and proof of concept for robots in the last mile and the subsequent automation they bring. Freaky, right?
Now, if you're the type who likes to go deep into the specifics, you can watch the full video of our webinar above. The 145% tariff on goods from China is the headline figure that requires your attention if your supplychain involves China. There's inventory, positioning, technologies, and a whole lot of complexity involved.
ERP vs. Best-in-Class for Healthcare SupplyChain Management? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts. The verdict?
Bowman, SupplyChainBrain In the rush to adjust sourcing strategies in line with current trends in international trade, the answer might be to think small. manufacturers have spent the last few decades consolidating production at gigantic offshore plants, especially in China. Enter the concept of the “microfactory.”
But here, we’ll be talking about supplychain digital twins. A supplychain digital twin is a complete model of your supplychain that allows you to run what-if scenarios and determine the most efficient use of resources for fulfilling demand. Think about these supplychain networks for a moment.
Generative AI and AI-powered software agents “should change the way our work is done,” Jassy said in an email to employees on June 17 that laid out his thinking about how the emerging technology will transform the workplace. “We recently announced a round of layoffs that hit software developers hardest. And Microsoft Corp.
The historically predictable supplychain no longer functions as it did in the past. Even if you do everything perfectly, if you fail the final inch of the supplychain, you can lose a customer forever.The holiday season is approaching faster than usual. Description: . Steve Rowen .
We believe that a key pillar of this transformation is the supplychain. With such growth comes supplychain complexity. Shift towards self-contracting and self-distribution: With health systems gaining significant scale and wanting more control over their supplychain, this shift is accelerating.
Procurement and SupplyChain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supplychain focuses on service and procurement focuses on the cost of acquiring materials and services.
During the webinar, Ardent Partners highlighted a series of market trends and predictive scenarios for 2022, focusing on massive challenges brought on by the global pandemic that procurement organizations are facing today and present a thoughtful discourse on the road ahead. View Webinar Replay. Impact from Covid-19 will be massive.
Featured Product Popular Stories Podcast | How Tariffs Are Transforming the Logistics Landscape Logistics Five Ways AI-Enabled Digital Twins Will Shape the Future of SupplyChainsTechnology Starmer, Carney Reboot U.K.-Canada
About Alexis Mizell-Pleasant Alexis Mizell-Pleasant is Managing Editor at Food Logistics and Supply & Demand Chain Executive magazines where she is responsible for writing, editing, managing the awards programs, overseeing social media, moderating webinars, managing client relationships and more.
In part 2 of the 3-part series, Jake discusses the new technologies that are introduced and how they effect your distribution system. New Technologies Waiting in the Wings. There are several new technologies that have either already impacted distribution or will soon do so. The Synchronized SupplyChain.
Procurement and supplychain teams will play a crucial role in making this vision a reality. By maximizing resource utilization and implementing careful procurement management, the government can source the best goods and services at the most competitive prices.
Big data in supplychain has become synonymous with better business, improving efficiency in the supplychain, continually improving and innovation. When Did Big Data in SupplyChain Become a Game-Changer? . Big data in supplychain is not a new concept. Where Is Big Data Impacting Business? .
So, for a direct response marketer, it’s actually more expensive to not have EDI integration, because without it you’re closed off from potential sources of business. Automating transactions that were done manually provides a significant savings on each transaction. and a remittance is $12.96.
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