Online articles
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Displaying 1-30 of 102 results
Exclusive
How generative AI improves supply chain management
- Article
- 01 Jan 2025
- Ishai Menache, et al.
This article explores how generative AI can dramatically reduce decision-making time and improve results in the area of supply chain management.
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The state of procurement
- Article
- 01 Oct 2024
- Gary Forger
This article examines current trends and challenges in procurement management, including the growing role of AI and ESG considerations.
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Use gen AI to improve scenario planning
- Article
- 01 Sep 2024
- Daniel J Finkenstadt, Tojin T. Eapen, Jake Sotiriadis, Peter Guinto
Article on the use of generative AI in business scenario planning to help address rising uncertainty due to climate change, global conflicts and rapid technological change. Discusses how the technology can address many of the core limitations of traditional scenario-planning approaches in relation to scenario creation, narrative exploration and strategy generation. These areas are explored in relation to a fictional global consumer electronics manufacturing company with a worldwide supply chain.
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Beyond the horizon: what's next for SCM software?
- Article
- 01 Sep 2024
- Bridget McCrea
This article examines how AI, IoT, and blockchain are revolutionising the supply chain management (SCM) software used by companies to manage their inventory and transportation. The author provides some tips on how to evaluate SCM software options.
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What generative AI means for supply chain work
- Article
- 29 Jul 2024
- Kris Timmermans, Maria Rey-Marston
The article informs about the transformative potential of generative AI technology in supply chain work, which has the capability to automate or enhance 58% of supply chain processes according to recent research. Topics covered include how generative AI will impact various aspects of the supply chain, including designing and engineering, planning, sourcing and procurement, production, and fulfillment, by streamlining processes, improving decision-making, and increasing productivity.
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AI in retail: Cutting-edge solutions for modern challenges
- Article
- 16 Jul 2024
- Shelby Hiter
In today's hyper-competitive retail landscape, retailers are increasingly using AI to gain advantage. AI can enhance retail operations in a growing number of ways including boosting customer engagement, improving sales and marketing strategies, optimising inventory management, streamlining supply chains and providing advanced data analytics and insights. A range of AI tools and technologies for retailers are explored with examples of how leading brands are using AI.
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Stress among Europe's retailers rises to highest since Covid
- Article
- 15 Jul 2024
- Irene García Pérez
Stress levels among Europe's retail and consumer goods companies have reached their highest point since April 2020, according to research by law firm Weil, Gotshal & Manges. The sector has been impacted by weaker spending power and ongoing supply chain disruptions.
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Frontiers in warehouse automation
- Article
- 01 May 2024
- Miguel Rodriguez Garcia, Erez Agmoni
This article examines how warehouse automation boosts supply chain efficiency, as well as some of the challenges that it presents.
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Supply chain transformation
- Article
- 01 Apr 2024
- Narendra Agrawal, Morris A Cohen, Rohan Deshpande, Vinayak Deshpande,
Article discusses OML (Optimal Machine Learning) a form of AI that may transform supply chain management. Its central feature is a decision-support engine that processes large amounts of supply and demand data and takes into account priorities. Examples of its use by two large companies to improve supply chain performance are given.
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Don’t forget the human side of the SRM equation
- Article
- 01 Feb 2024
- Robin Acevedo
Strong supplier relationships remain vital in modern supply chains. This article explores how businesses can nurture supplier relationships in order to foster innovation, reduce risk, and become a preferred customer.
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A better approach to supplier contracts
- Article
- 01 Dec 2023
- David Frydlinger, Oliver Hart, Kate Vitasek
Traditional purchasing contracts don’t work in complex strategic relationships where the parties are highly dependent on each
other and flexibility and trust are required. The authors describe a formal relational contract which companies can use instead. A formal relational contract lays a foundation of trust, specifies mutual goals, and establishes governance structures to keep the parties’ expectations and interests aligned over time. Article includes model wording and the table 'Which type of contract is right for you?'.
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The psych in negotiations: Using human factors to attain superior outcomes
- Article
- 01 Dec 2023
- Mark Trowbridge, Melanie Trowbridge
Advice for procurement professionals on how to be successful in negotiation processes. Four main techniques are described in detail - preparation to understand the supplier's needs, appreciating the counterparty's personality traits, reading non-spoken body language and using interrogatives to appropriately shift the other party's paradigm. A range of example suggestive and leading questions are given which can be used by the negotiator to strengthen their position.
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5 ways AI is changing supply chains
- Article
- 01 Oct 2023
- Gary Forger
The article focuses on the transformative impact of artificial intelligence (AI) on various aspects of supply chains. Topics include the use of AI in on-demand delivery optimization, demand forecasting in retail, automated document processing, emissions tracking for deliveries, and the revolutionary concept of on-demand manufacturing facilitated by AI and these applications showcase AI's ability to enhance efficiency, accuracy, and decision-making in supply chain management.
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Supply chain finance in the trenches
- Article
- 01 Oct 2023
- J. Stephen McNally
Former Campbell's Soup supply chain finance executive J.Stephen McNally shares stories 'from the trenches' on how CFOs and their teams can effectively collaborate with their cross-functional colleagues in supply chain management to mitigate supply chain disruption and build stronger operations.
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The data-driven supply chain raises new governance and security issues
- Article
- 01 Sep 2023
- Shawn Muma, David Kappos, Carys Webb
The article highlights the importance of data management and security in today's digital supply chain, where every enterprise is considered a "data enterprise." As companies transition to digitally integrated supply chains, they must prioritize data stewardship, embed data governance and security into their operations, and adapt to changing practices and regulations.
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Generative AI: Gold rush or bust?
- Article
- 01 Sep 2023
- Hiranmay Sarkar, Sourav Saha
The article explores the impact of generative AI (Gen AI) on supply chains, discussing its emergence and disruptive influence in the technology industry. It highlights the questions and considerations related to integrating Gen AI into supply chain transformation, including the key differences between traditional AI and generative AI, potential use cases, associated risks and limitations, and opportunities for enhancing supply network performance and competitiveness.
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How to make AI explainable for supply chain planners
- Article
- 01 Sep 2023
Article discusses how that, although Artificial Intelligence (AI) has the potential to reshape supply chain planning in the future, AI needs to explain the decisions taken to gain the trust of planners. The authors explain how this is done.
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Stories from the front lines: Leadership accounts from the globe's top supply chain executives
- Article
- 01 Sep 2023
- Brian Straight
The article highlights the book 'From Source to Sold: Stories of Leadership in Supply Chain', by Radu Palamariu and Knut Alicke, which offers insights from 26 top global supply chain executives on leadership skills and decision-making. One of the questions the book attempts to answer is why relatively few supply chain professionals have become CEOs. The article includes a diagram showing the attributes of the ideal supply chain leader.
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The CFO as supply chain manager
- Article
- 01 Jun 2023
- Thomas G.Canace, Ayaz Jaffer, Paul E.Juras
The CFO and finance team are well positioned to mitigate the prolonged supply chain disruptions that have challenged cash flow and profitability. Strategic Finance magazine shares insights from several CFOs on the short-term and long-term ways they're addressing supply chain disruptions.
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Ghost kitchens are dying and nobody noticed
- Article
- 16 May 2023
- Leticia Miranda
The ghost kitchen was an innovation that promised to change the world, but has turned out not to be a reliable business model, says Leticia Miranda. Recently restaurants such as Wendy's have announced ghost kitchen closures in the US. Issues with transparency appear to have made customers and also food delivery service platforms such as Uber Eats wary.
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How AI and automation can streamline procurement
- Article
- 25 Apr 2023
- Cliff Saran
The article explains the role of artificial intelligence (AI) and automation in streamlining procurement, reducing costs and dealing with economic slowdown.
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Planning in a recession
- Article
- 01 Apr 2023
- Rene Ho
Companies need to future-proof their business as they transition from pandemic-related supply chain issues to a potential recession - and the radically different economy that may lie beyond, says Rene Ho. The article covers key tried-and-tested best practices for businesses to take when navigating through tough times.
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Faux cocoa's ethical edge
- Article
- 01 Dec 2022
- Clara Hernanz Lizarraga
The article discusses the ethical supply chain operations of British imitation chocolate manufacturer WNWN Food Labs. Topics explored include the use of British barley and carob by the firm to produce alternatives to chocolate, ethical issues associated with the cocoa industry, and the market challenges being faced by imitation chocolate companies.
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Respect "good" inventories
- Article
- 01 Nov 2022
- Larry Lapide
Some supply chain managers believe having excess inventory is a bad thing. But is it really? It depends, says Larry Lapide. Excess inventory mainly comprising high-margin items that contribute to long-term market share can be a smart investment.
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Cloud dominates supply chain
- Article
- 01 Jul 2022
- Bridget McCrea
Article reports that demand for computing services delivered via the web has taken off across most industry sectors, with logistics and supply chain organizations ranking among the biggest users of on-demand computer system resources.
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Procurement has a significant role to play in the pursuit of ESG goals
- Article
- 01 Jul 2022
- Elouise Epstein
By looking at Environmental, Social and Governance (ESG) factors across your supply chain it's possible to create an exponential gain of benefits, says Elouise Epstein. Procurement teams should use both digital tools and a boots-on-the-ground approach to ensure accurate intelligence gathering.
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Don’t let negotiations upset the apple cart
- Article
- 01 May 2022
- Jacqueline K.Eastman, Monique L.Murfield, Stephanie P.Thomas
When it comes to successful negotiations, a buyer's history with a supply chain partner creates expectations. Any changes in that negotiation strategy can create confusion, as buyers search for explanations for the unexpected behaviour. Here are suggestions for buyers dealing with supplier relationships in a turbulent supply chain environment.
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Using governance to improve procure-to-pay
- Article
- 01 May 2022
- Marisa Brown
Marisa Brown discusses the benefits of an end-to-end process for procurement-to-payment, to help organizations ensure increased interaction and alignment between procurement and accounts payable.
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Buy now, pay later: Is it a supply chain thing?
- Article
- 01 May 2022
- Tan Miller
Buy now/pay later is one of the hottest trends in marketing, creating new sales for organizations. It's also creating headaches for supply chain professionals, from procurement to operations. Tan Miller presents an analytic model to facilitate evaluating the logistics impacts of BNPL.
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Is Cryptocurrency the next supply chain finance tool?
- Article
- 01 Mar 2022
- Aaron Benningfield
Article discusses what impact cryptocurrency will have on supply chains and why it matters and is the early hype living up to expectations? Several use cases are provided that supply chain leaders can use to capitalise on Cryptocurrency for supply chain finance operations.
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