Thu.Dec 14, 2023

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Reading FedEx Ground the RICO Act

Art of Procurement

The Racketeer Influenced and Corrupt Organizations Act, better known as RICO, is usually associated with organized crime. In 1992, it. The post Reading FedEx Ground the RICO Act appeared first on Art of Procurement.

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As manufacturers turn away from China, Vietnam lures investment

Supply Chain Dive

The country is home to a growing number of factories thanks to its increased use of free trade agreements, tax incentives and competitive labor costs.

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Trending Sources

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What is a Sourcing Agency and How does it work?

SCMDOJO

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do. A sourcing agency is like a helpful guide in the complicated process of getting goods.

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UFCW backs proposed grant program protecting supply chain workers

Supply Chain Dive

The Grocery, Farm, and Food Worker Stabilization Act would help cover “disaster-related costs” for farm, grocery and meatpacking workers.

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Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.

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Four Key Predictions for Cybersecurity Vulnerability Teams in 2024

Supply Chain Brain

Organizations that embrace and invest in vulnerability prioritization and remediation, and utilize an asset-centric approach, will be better positioned to navigate the ever-changing threat landscape.

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Procurement leaders face lack of talent to meet future needs: report

Supply Chain Dive

The profession has growing needs for data and technology as well as general business skills, according to a recent survey by Gartner.

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Lead Time Definition – How to Calculate & Reduce it?

SCMDOJO

Time is really important in business. Studies say that 25% of customers won’t buy something unless it can be shipped in two days or less. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

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3 Tips for Successful Logistics Outsourcing

Supply Chain Brain

In today's dynamic business landscape, organizations are increasingly turning to third-party services (3PLs) to navigate the complexities of supply chain management and gain a competitive edge.

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Lockheed Martin sues supplier over ‘massive’ price hike

Supply Chain Dive

Howmet Aerospace, which sells the titanium materials used for the aerospace company’s F-35 jet, disputed the allegations and called the lawsuit meritless.

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The Ultimate Guide to Supply Chain Resiliency

Supply Chain Brain

This Ultimate Guide to Supply Chain Resiliency explores concrete recommendations and guidance on creating, implementing, and institutionalizing a world-class supply chain resiliency program.

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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.

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Egg supply at risk again as bird flu hits Cal-Maine, Post Holdings

Supply Chain Dive

The rapid spread of avian influenza is creating production complications for some of the nation's biggest food companies.

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Supply Chain Set to Deliver this Christmas

SCMR (Supply Chain Management Review)

The combination of consumer spending continuing to remain resilient, retailers with inventory and delivery providers with capacity add up to a supply chain ready to deliver for Christmas.

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How the US is tackling persistent drug shortages

Supply Chain Dive

The $35 million for sterile injectable medicines is a good start, but more reform for drug supply and pricing is needed, experts say.

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Watch: Achieving High-Volume Throughput for Subscription Fulfillment

Supply Chain Brain

A case study with IPSY, FastFetch Corporation and Saddle Creek Logistics Services, about crafting a flexible and scalable fulfillment strategy for a major personalized beauty products subscription company.

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Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

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Delivering security and scalability in today’s business landscape requires more than setting up a front line of defense

IBM Supply Chain Blog

A cybersecurity strategy is not solely about managing risk across a business’ IT infrastructure. The stakes are especially high for organizations in highly regulated industries because they can be exploited through their digital supply chain, giving hackers access to consumers’ valuable and sensitive data. Consequently, these data breaches can rattle customer trust and the confidence of regulators.  When done correctly, cybersecurity can be a strategic initiative that supports

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The Top 5 Mistakes Companies Make In Managing Supply Chain Risk Effectively

Supply Chain Brain

In this playbook, we share insights into what works and doesn’t when deriving deep, long-term value from supply chain risk management.

Risk 104
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New Year Insights for the procurement solutions and services marketplace 2024: The Smart Cube

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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Global Manufacturing Slump Could Continue into 2024

Supply Chain Brain

The current level of spare capacity indicates that the end of a global manufacturing recession “is still some way off,” said GEP’s vice president of consulting, Todd Bremer.

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How To Align Product Management And Supply Chain Operations For Successful Product Launches

Speaker: Shalini Dinesh

Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022). The 2023 Supply Chain Insights Report highlights that 60% of supply chain disruptions are caused by poor communication and misalignment among cross-functional teams.

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6 reasons why global supply chains are shifting. shifting. shifting. into the future

Procurement Insights

EDITOR’S NOTE: Today’s 1,999th Procurement Insights post is inspired by David Shillingford’s LinkedIn post about Supply Chain Dive’s December 13th article. It is also inspired by the Steve Miller Band song Fly Like an Eagle. Here is my take: Except for a few differences, e.g., the players and corresponding details, the six reasons cited in the article are not new.

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Navigating the Landscape of Supplier Cyber Risk

Supply Chain Brain

Business leaders must take proactive steps to secure one of the more vulnerable arms of their operations against cyberattack: the supply chain.

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Building cyber resiliency for your data with IBM FlashSystem

IBM Supply Chain Blog

In today’s digital age, the threat landscape continues to evolve and organizations are increasingly vulnerable to cyberattacks. To combat these ever-growing risks, the concept of cyber resiliency has gained significant importance. Cyber resiliency refers to an organization’s ability to prepare for, respond to, and recover from cyber threats while maintaining the continuity of operations.

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Panasonic Signs Deal with Sila for Silicon Used in EV Batteries

Supply Chain Brain

Sila said that it sees the partnership with Panasonic as an opportunity for the U.S. to “lead in manufacturing next-generation battery technology.

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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

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Tying environmental outcomes to real business value may be simpler than you think

IBM Supply Chain Blog

There has been a lot of recent discussion around the business value of environmental, social and governance (ESG) reporting, and the degree to which it relates to financial performance and other measures of business value. When it comes to focusing on the “environmental” aspect of ESG—often referred to as “sustainability”—there are many ways this area can open up business opportunities.

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AT&T Planning to Buy Rivian EVs to Cut Costs and Emissions

Supply Chain Brain

AT&T said it expects to add Rivian electric commercial vans, RIT pickup trucks and R1S sport utility vehicles to its fleet in early 2024.

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IBM Cloud solution tutorials: 2023 in review

IBM Supply Chain Blog

As it has become tradition , the team creating the looks back and shares the personal highlights of the year 2023. Another year has passed—it felt like the whole world was talking about and trying out tools powered by generative AI and Large Language Models (LLMs). Kids completing homework with ChatGPT, the rest of us generating images, PowerPoint slides, poems, code skeletons and security hacks.

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Podcast | A Collaborative Approach to Supply Chain Digitization

Supply Chain Brain

What does it take to achieve supply chain digitization? And for that matter, what does that even mean?

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.

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Modern Dynamics of SaaS Procurement Negotiations

The Good Spending

SaaS procurement negotiations in today's business ecosystem have evolved to encompass multifaceted strategic considerations beyond traditional software purchases. The advent of cloud-based services, subscription-based models, and a greater emphasis on agility has reshaped the negotiation landscape. Understanding Modern SaaS Procurement SaaS procurement negotiations extend far beyond cost considerations.

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France Rejigs Rules for EV Aid, Leaving Out Most China-Made Cars

Supply Chain Brain

From December 15, France is offering a variable rebate based on household income on cars costing less than €47,000.

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14 Best Contract Management Software Tools: 2024 Buyer’s Guide

ContractSafe

There are a lot of contract management solutions out there. And their differences aren’t always clear. How do you choose the best contract management software for your business? In this contract management software buyer’s guide, we'll walk you through some of the top contract management solutions and highlight their key features, pros, cons, and price points.

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Procurement 6 – December 15th, 2023

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – December 15th, 2023 appeared first on Art of Procurement.

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro