Wed.Jul 24, 2024

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DOT Secretary Buttigieg notes sweeping role of federal aid on supply chains

Supply Chain Dive

“Our supply chains are stronger, are more resilient, than they were three-and-a-half years ago,” he said during a keynote address Wednesday.

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Cargo Ship Arrives at Zeebrugge With Infestation of Wolf Spiders

Supply Chain Brain

The Glovis Sun — carrying a couple thousand cars as its cargo — had recently traveled around Southern Africa, before arriving at the Port of Zeebrugge on July 18.

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Hasbro names new chief supply chain officer

Supply Chain Dive

Stephanie Beal aims to refine processes to drive efficiency as the toy manufacturer implements a multi-year turnaround plan.

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How Logistics Managers Should Approach Fleet Decarbonization

Supply Chain Brain

Mounting regulatory demands, customer expectations, and corporate sustainability targets have combined to create a swirling vortex in which fleet managers are under pressure to decarbonize their vehicles,

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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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HMM, ONE to launch Asia-Mexico ocean shipping connection

Supply Chain Dive

The port rotation will start in China and make a stop in South Korea before heading to Latin America.

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How ML & AI Could Revolutionize Supply Chain Management and Boost Efficiency

Supply Chain Brain

AI & ML technology integrations provide broad advantages for supply chain management.

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FedEx Trials EV Tractor to Move Shipments Between U.K. Delivery Hubs

Supply Chain Brain

FedEx will be using Mercedes-Benz Trucks' eActros 300 tractor for linehaul operations at the company's Parkhouse station in Stoke on Trent.

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SpartanNash to close Maryland distribution center

Supply Chain Dive

The grocery wholesaler and retailer is shuttering a facility in Landover, resulting in 141 layoffs.

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Workers Go on Strike at Major Amazon Air Hub in SoCal

Supply Chain Brain

Workers at the hub walked out on July 22, days after Amazon's Prime Day event that brought in $14.2 billion in sales.

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Strategic IT Cost Optimization: 10 Key Techniques To Increase Business Value

Pipefy

What is IT cost optimization? Fluctuating markets and talent shortages are compelling IT leaders across industries worldwide to seek new ways to revamp and improve spending. Resources must be allocated not only to approved business needs but for the support of organizational goals, as well. To say this is no small feat is an understatement; it involves businesses changing decades of spending patterns to embrace a new philosophy: cost optimization.

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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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Western Sanctions, Houthi Attacks Boost Appeal of Russia’s Arctic Sea Route

Supply Chain Brain

Last year, the waterway saw a record 36 million tons of cargo pass through, of which more than half was super-chilled liquefied natural gas.

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Everything You Need to Know About Intelligent Automation 

Pipefy

Intelligent automation (IA) refers to the combination of various technologies to automate repetitive tasks, generally for the purpose of reducing human effort and minimizing manual errors. Such a system learns from accumulated data, thus increasing its efficiency over time. IA applications include pattern analysis, data assembly, and classification, which have use cases in a variety of industries.

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RFID vs. Barcodes: A Comprehensive Comparison for Inventory Management with Finale Inventory

Finale Inventory

Inventory management is a key aspect of any business, and with the growing popularity of ecommerce, ensuring accuracy and efficiency is increasingly important. Two commonly used methods for inventory management are RFID and barcodes. This article will examine these two technologies and compare their features, advantages, and costs to help you make an informed decision for your business.

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Can AI Process Optimization Improve Your Business Processes?

Pipefy

Nearly half of respondents to a 2023 Salesforce study reported that they have used generative AI; over one-third use it daily. Artificial intelligence (AI) has touched virtually all aspects of modern business, from big data analytics to generated content. Few businesses make full use of AI technology, however. AI-powered tools can take organizations to new heights of productivity by optimizing their processes, which is why many businesses are using them to increase their bottom line.

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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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Top Inventory Control Models: A Comprehensive Guide by Finale Inventory | Ecommerce

Finale Inventory

Inventory control plays a significant role in running a successful ecommerce business. Properly managing inventory ensures you have the right products available at the right time, minimizes stockouts, and reduces holding costs. This guide will walk you through the top inventory control models, their essential components, and how to select and implement the best model for your business.

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Become An Expert Negotiator in 1-Minute

Procurement Insights

The following was inspired by David Bateman’s share of a Dr. Marcell Vollmer post on LinkedIn.

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Best Inventory Management Techniques for Efficiency and Organization | Ecommerce

Finale Inventory

In the fast-paced realm of ecommerce, efficient inventory management is vital for running a successful online business. Without proper techniques, inventory can quickly become chaotic, leading to lost sales, frustrated customers, and unnecessary costs. This article outlines top inventory management techniques that ecommerce businesses can use to enhance efficiency and organization.

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Procurement News — July 24, 2024

CPO Rising

Welcome to Procurement News, part of our ongoing aggregate news series covering recent supply management headlines and trends pertinent to Chief Procurement Officers and other procurement leaders! Contact us with your news story here.

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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

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Strategic Ways to Liquidate Excess Inventory with Finale Inventory | Ecommerce

Finale Inventory

Excess inventory can be a significant challenge for ecommerce businesses. It ties up valuable capital and occupies precious warehouse space. To minimize losses and optimize your operations, it’s important to have effective strategies in place to liquidate excess inventory. Finale Inventory is a tool that can greatly assist in this process, offering a robust inventory management system tailored for ecommerce businesses.

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Change Management: Real-World Strategies and Examples 

Pipefy

Change management techniques provide resiliency and keep team members on the same page, which is especially useful as organizations face changing business or industry conditions. Ensuring that a change management implementation is successful can be a challenging process, but learning lessons from others makes it easier. The following real-world examples show how businesses have managed major changes within their organizations.

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Effective Inventory Counting Methods: A Comprehensive Guide by Finale Inventory | Ecommerce

Finale Inventory

In the competitive field of ecommerce, effective inventory management is key to your business’s success. Accurate inventory counts are vital for daily operations and contribute significantly to long-term growth and profitability. This guide will cover various inventory counting methods, address challenges in ecommerce, highlight the role of technology, and offer best practices for efficient inventory counting.

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Workflow Integration: Definition, Effective Strategies and Business Examples

Pipefy

According to Deloitte , 44% of companies that use at least 11 automations in a business process management capacity are implementing end-to-end automation. As hyper-automation grows increasingly popular, the challenge of effective workflow integration will also gain relevance among IT teams in the upcoming years. Organizations that don’t promptly fight process fragmentation may find themselves swallowed up by the competitive business landscape.

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The Current and Future Use of Gen-AI in Supply Chains

AI isn’t the future. It’s here, now. 30% of businesses have invested in AI. Another 57% will do it in the next 12 months*. From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. But here’s the secret: success will only come from strong human-AI collaboration, reveals this new new Economist Impact report.

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Effective Inventory Formulas and Ratios to Enhance Your Business with Finale Inventory | Ecommerce

Finale Inventory

In ecommerce, effective inventory management is vital to your business’s success. It ensures that you have the right products in the right quantities at the right time. By applying the appropriate inventory formulas and ratios, you can streamline operations, reduce costs, and increase profitability. This article highlights the significance of inventory management in ecommerce and examines the inventory formulas and ratios that can enhance your business with Finale Inventory.