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Celebrate the profession and its people with this issue of Inside Supply Management®. Read about Tony Milikin, MBA, who received the J. Shipman Gold Medal Award, supply management’s highest honor. Learn how the ISM® 30 Under 30 Rising Supply Chain Stars are impacting their companies and the profession, and how upcoming supply managers, the R. Gene Richter Scholars, are already making their marks. Gain additional insights from the 14 companies that received Trailblazer Awards for their outstanding supply chain programs. Finally, check out what ISM’s 2024 Salary Survey says about talent and wage trends.
In Inside Supply Management®’s annual technology, data and analytics issue, learn how artificial intelligence (AI) and generative AI are on track to revolutionize procurement — including tips for using such tools, how to avoid potential risks and how DuPont is using generative AI. You’ll find highlights of Institute for Supply Management®’s (ISM®) 2023 Data and Analytics Study, which examines the caution flags on the data speedway. Another feature delves into anticipating the next era of wartime supply chain strategies.
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Nearly 70 percent of CPOs say their companies have yet to adopt generative artificial intelligence (AI), a recent survey by source-to-pay solutions leader Zycus found. Why have they been slow to respond?
Integrating internal financial data, such as budget allocations, expenditure reports and cost savings with external benchmarks and industry standards helps to contextualize performance and identify areas for improvement.
Samantha Shuford, Benjamin DiPiazza, Oliver Csenki
There is an intricate relationship between supply chain decisions and corporate profitability, underpinning the connection with financial ratios and real-world examples.
Beneath this seemingly straightforward concept lurks hidden costs that can gnaw at a company’s profitability and operational efficiency. Such costs are like icebergs: What’s visible on the surface is only a fraction of the true magnitude.
The most critical supply chain resource — water — is under threat from climate change, but successes in the Grand Canyon State could be a role model for policy elsewhere.
For a career of firsts in areas like technology and sustainability, as well as unlocking the potential of a family tree of executives, Tony Milikin, MBA, is honored with the 2024 J. Shipman Gold Medal Award.
Supply management professionals enjoyed an increase in average compensation last year, and strategic personnel should become even more in demand if companies prefer to invest in technology over talent.
Fueled by a ‘learner’s mindset’ that has helped refine his negotiation and contracting skills, Zain Rauf doesn’t shy from big projects — and is making his mark in the challenging oil and gas supply chain.
In big companies with mature procurement processes, category managers define procurement strategies at a global, cross-company level; they are implemented by local buyers.
The index “is a critical indicator for both demand levels and supply chain performance and can be a predictive tool that helps people to anticipate changes in the economic landscape,” says Kristina Cahill, Report On Business® and Research Manager at Institute for Supply Management®.
Today’s supply management organizations want to be as close to their customers as possible, reduce their carbon footprints, secure supply and increase productivity, among other priorities. Many see artificial intelligence (AI) as a tool to help them achieve such goals.
How companies consume and leverage open-source software can impact their success.
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Stacey Taylor Vice Chair Vice President, Procurement Ocean Spray Cranberries, Inc.
Thomas W. Derry Chief Executive Officer ISM
Miguel Gonzalez Chief Procurement Officer DuPont
John Han Founder of Intelage and Strategic Consultant Tenzing Consulting
Michelle Hawkins, PMP Senior Vice President, Strategic Procurement Charter Communications
Jeff Kimsey Vice President, Investment Intelligence Nasdaq
Joseph Matthews Vice-President, Purchasing & Diversity Officer GENTEX Corporation
Darla Morse Chief Digital and Innovation Officer Partner’s Credit Union
Kristopher Pinnow, CPSM Vice President, Global Supply Chain COLLINS AEROSPACE
Hemant Porwal, CPSM, CPSD Executive Vice President, Supply Chain and Operations WESCO International, Inc.
Judy Whipple, Ph. D.
Bowersox-Thull Endowed Professor in Logistics and Supply Chain Management Michigan State University
Susanna Zhu SVP, Global Sourcing & Supply Chain Ops Bath & Body Works
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