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Services economy activity sees contraction in June, reports ISM

Wednesday, July 3, 2024 · Jeff Berman
The June Services PMI, at 48.8 8 (a reading of 50 or higher signals growth), fell 5.0% compared to May’s 53.8 reading, which was preceded by a 49.4 April reading that marked the first time the Services PMI contracted since December 2022, when it came in at 49 and prior to…

Calculating financial business risk to identify supply chain vulnerabilities

Wednesday, July 3, 2024 · Romain Lucas and Pik Yien Lai
While most businesses assume higher procurement supplier spend equals to higher risk, an MIT CTL research study found that is not always the case.
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Manufacturing capabilities for resilience

Tuesday, July 2, 2024 · APQC
Managing supply chain disruptions continues to be a top priority for organizations. In fact, more than half of organizations have made it a top area of focus for their manufacturing this year. To ensure that they have the resiliency needed to manage disruptions, organizations…

Chatbot is not the answer: Practical LLM use cases in supply chain

Tuesday, July 2, 2024 · Marianna Vydrevich
Chatbots are the choice many make when implementing large language models, but for supply chains, there are better alternatives that provide more immediate value.

ISM report highlights June manufacturing declines

Monday, July 1, 2024 · Jeff Berman
The report’s benchmark reading, the PMI, came in at 48.5 (a reading of 50 or higher indicates growth), down 0.2% from May’s 48.7, which was down 0.5% from April’s 49.2.

Procurement data to decisions: Actually acting on ‘actionable’ insights

Monday, July 1, 2024 · Matthew Buckingham, vice president of business development & alliances, Focal Point
With modern procurement software, API-enabled data flows, and AI-guided processes, procurement teams get to focus on what they do best: setting strategy, managing projects, and identifying spending optimization opportunities.

Improve stock control and predictability to overcome inventory performance barriers

Friday, June 28, 2024 · Paul Lord, VP Analyst, Gartner
Delivering reliable product supply has only become more difficult in recent years with market challenges. To get back on track, organizations should focus on the development and practice of two performance management disciplines: Stock control for improved predictability…

Five critical challenges facing supply chain planning talent and leadership development

Thursday, June 27, 2024 · Dan Pellathy
Whether companies seek to manage complex cross-functional processes better, increase digitalization and automation, or build greater agility, planning is central to their strategic initiatives, including talent development.

Profit-driven network redesign through value-creation services

Wednesday, June 26, 2024 · Morgan DeHaan and Yujia Ke
When modeling a network redesign, a model that shifts the focus onto revenue generation over cost reduction opens new opportunities in decision-making

Decision Intelligence and Causal AI are transforming the future of manufacturing

Wednesday, June 26, 2024 · Travis Wolf and Carl B. March
Decision Intelligence and Causal AI are underpinning a shift in the manufacturing industry, rapidly painting the future canvas of modern manufacturing.

Procter & Gamble’s Amy Rardin announced as NexGen Supply Chain keynote speaker

Tuesday, June 25, 2024 · Brian Straight
Amy Rardin has proven successful at finding innovative solutions that lead to supply chain wins at Procter & Gamble. She will share some of that knowledge with the NextGen Supply Chain Conference audience in her keynote address.

6 Questions With … Anu Saha

Tuesday, June 25, 2024 · Brian Straight
Generative AI is reshaping the future of fulfillment. Covariant is at the forefront of that with its Robotics Foundation Models. Head of product marketing Anu Saha answers SCMR’s 6 Questions.

Assessing the e-commerce supply chain as sales, imports grow

Monday, June 24, 2024 · Brian Straight
Retail sales continue to grow, albeit at slower rates, and as a result, brands are taking advantage of excess cargo capacity in bringing in merchandise earlier than normal.

Predicting the future is impossible; so focus on mitigating risk and building resiliency

Monday, June 24, 2024 · Jonathan Colehower
Supply chain crunches occur precisely because they are unpredictable and expose vulnerabilities that had not previously been considered. But, it’s never a bad idea to be prepared.

NextGen Supply Chain Conference announces Johnson & Johnson’s Luis Roman as keynote speaker

Friday, June 21, 2024 · SCMR Staff
Johnson & Johnson’s Luis Roman will incorporate his supply chain expertise in his keynote address at the upcoming NextGen Supply Chain conference.
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