Source One's series for keeping up with the most recent highlights in procurement, strategic sourcing, and supply chain news week-to-week. Check in with us every Monday to stay up to date with the latest supply management news.
Tom Cosgrove, Spend Matters, 3/18/2019
LevaData conducted a study proving most procurement professionals understand the advantages of technologies like artificial intelligence (AI) and machine learning (ML), but seems to drop the ball when it comes to implementing or adopting these tools. LevaData,a cloud-based cognitive sourcing platform that offers market intelligence and supply chain cost management solutions, reports statistical findings from their study on how companies are underperforming using old methodology and where they should be. Visit Spend Matters, as Cosgrove breaks down key takeaways from their study.
How Time Critical Does Your Transport Need to Be???
Michael Lamoureux, Sourcing Innovation, 3/13/2019
Lamoureux is motivated to revisit time-critical transport after the promotion of real-time logistics visibility by some vendors. He explains the few cases where it is necessary to expedite shipping, like JIT (Just In Time Manufacturing) and the circumstances in which the need is low. Click and find out if your supply chain is equipped to avoid time-critical transport.
Potential Pitfalls of the Food Supply Blockchain
Staff Writer, ThomasNet, 3/13/2019
As blockchain's already large footprint continues to grow in the food industry, it is important for professionals to examine some potential pitfalls and keep them in mind to ensure efficient use of the technology. Blockchain has thusfar provided safer, speedier and more efficient food supply chains, but to increase the longevity of its success, workers throughout the process must learn to leverage the technology--from supplier, processor, to truck driver, and so on. Visit ThomasNet to learn more on the future of blockchain's place in food supply.