Wed.Jul 31, 2024

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Drug Supply Chains Need Better Visibility

Supply Chain Brain

Better communication is needed about the flow of drugs, from the manufacturer, through the distribution network to the hospital and, at the end, how those medications are being prescribed.

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Factories’ AI adoption plans must be intentional to reap benefits

Supply Chain Dive

Early user engagement, solution champions and user groups can help sustain implementation, said Jennifer Peters, director of BI and data analytics at Nestlé Purina.

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The Ultimate Guide to Bids and Tenders for Business Success

Procurement Freelancers

When businesses want to purchase goods or services, they often use bids and tenders to… The post The Ultimate Guide to Bids and Tenders for Business Success first appeared on Procurement Blog | Procurement & Supply Chain News.

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How Integrated Tactical Planning Enables Enhanced Decision-Making and Improved Outcomes

Supply Chain Brain

Formalizing weekly and daily execution processes helps to align short-term corporate activities with the goals articulated by corporate strategists.

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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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Best Practices in Strategic Purchasing for Complex Markets

Procurement Freelancers

Navigating complex markets can be difficult for organizations in the fast-paced business environments of today.… The post Best Practices in Strategic Purchasing for Complex Markets first appeared on Procurement Blog | Procurement & Supply Chain News.

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FedEx, UPS roll out ‘exceptional discounts’ to SMB customers

Supply Chain Dive

The rivals' pricing battle has kept delivery rates lower and benefited shippers, according to the TD Cowen/AFS Freight Index.

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OnTrac launches delivery coverage in major Midwest markets

Supply Chain Dive

The carrier's expansion into Illinois, Minnesota, Wisconsin and Missouri adds to the momentum that FedEx and UPS alternatives have seen in recent years.

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Temu Sellers Protest Against Company Over Fines for Customer Returns

Supply Chain Brain

The new penalties reportedly went into effect in April, fining sellers up to five times the original value of a sale when a customer returns a purchase for a refund.

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Industries with in-person work more frequently tout PTO in job ads, Indeed finds

Supply Chain Dive

While paid time off mentions in job ads have risen in recent years, workers still aren't taking enough time off.

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How to Optimize the Design of Your Supply Chain Network

Supply Chain Brain

Your supply chain network forms the foundation that your business is built upon. Designing and deploying a robust supply chain network will position your company for growth, while failing to do so can put your business on shaky ground.

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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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3 Foundations for an Effective Multi-Enterprise Supply Chain Network

The Network Effect

The post 3 Foundations for an Effective Multi-Enterprise Supply Chain Network appeared first on The Network Effect.

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Invisible Threats A 2024 Guide to Managing Hidden Supply Chain Risks

Supply Chain Brain

Invisible Threats gives supply chain professionals guidance on identifying risk hotspots right now based on data analysis of private and public companies’ financial health, by NAISC.

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Another Far Side Look At Procurement

Procurement Insights

Question: Which one in this picture is the AI sales representative or marketing person? Which one is the procurement professional? Hint: One of the four characters represents the results of most AI initiatives (but don’t give it away).

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Building the Automation Framework

Supply Chain Brain

Automation is no longer an option. Leaders of businesses large and small are demanding that their teams quickly implement automated supply chains.

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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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Digital maturity or readiness has never been about technology or being tech-savvy

Procurement Insights

Digital maturity is a crucial milestone that organizations worldwide are striving to achieve. But what exactly is digital maturity, and how can your organization achieve it? – Eric Kimberling, LinkedIn (July 30th, 2024) Digital maturity or digital readiness doesn’t start with technology – it has little to do with tech savviness. Here is an excerpt from an article – [link] “When I am asked what I think about the “evergreen” evolution of high-tech computing, my answer

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How AI and Low Code Are Helping Build Agile Supply Chains

Supply Chain Brain

Join Bizagi and Tech Mahindra for an engaging webinar where we showcase how AI and Low Code are helping build agile supply chains. During this webinar we will demonstrate real-time visibility, effective escalation, and seamless collaboration through a supply chain use case.

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Technology Round-Up — July 31, 2024

CPO Rising

CPO Rising’s Technology Round-Up series continues this week with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend management… The post Technology Round-Up — July 31, 2024 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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Boeing Names New CEO as Company Reports $1.4B in Q2 Losses

Supply Chain Brain

The company has not logged a profitable year since 2019, reporting a combined $33.3 billion in losses in the years that have followed.

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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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Does Direct Spend need its own Tech Stack?

The Procuretech Podcast

This week on The Procurement Software Podcast, host James Meads delves into some unique technology needs that direct procurement teams are often facing. James explores how specialised tech stacks, including advanced inventory management systems, supplier relationship tools, and risk mitigation software, can address the distinct challenges faced by direct procurement teams.

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China’s BYD Seeks Entry to Canada EV Market Despite Likely Tariffs

Supply Chain Brain

Canada is set to wrap a 30-day consultation on measures to restrict Chinese EV imports on August 1 — including higher tariffs to align with the U.S. and EU.

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Delta CEO Says CrowdStrike Crash Could Cost Airline $500K

Supply Chain Brain

Although Delta was one of many airlines affected by outage, it appeared to have been hit the hardest, after needing five days to get its crew tracking systems back online.

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Optimal Parcel Packing For Cost

Supply Chain Brain

For all but the 3-4 largest retailers in the US, packing cost-optimally has been an elusive goal with a few available solutions. In this white paper, we’ll measure and triage cost factors from transportation to materials to labor and show how Paccurate’s cartonization engine can help in areas where standardization is no longer good enough.

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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.