Thu.Aug 15, 2024

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Fishing for Truth in the Seafood Supply Chain

Art of Procurement

Oceana is a marine conservation nonprofit that has focused on seafood mislabeling for years, or “fish fraud” as it is. The post Fishing for Truth in the Seafood Supply Chain appeared first on Art of Procurement.

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Leveraging supply chain disruptions to accelerate digital transformation

Spend Matters

This content does not express the views or opinions of Spend Matters. “Never waste a good crisis” is a phrase worth pondering in the realm of digital transformation for supply chains. Historically, major companies neglected supply chain transformation and digital investments until global disruptions, such as the Covid pandemic, forced a change.

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The Role of Email Hosting in Modernizing Retail Supply Chain Communication

SCMDOJO

Effective communication is paramount for success. Retail supply chains are complex networks that require seamless coordination among various stakeholders, including suppliers, manufacturers, and logistics providers. Email hosting has emerged as a pivotal tool in modernizing these communication channels, enabling real-time collaboration and data sharing.

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Leveraging Supply Chain Disruptions to Accelerate Digital Transformation

Arkestro

"Never waste a good crisis" is a phrase worth pondering in the realm of digital transformations for supply chains. Historically, major companies neglected supply chain transformation and digital investments until global disruptions, such as the Covid pandemic, forced a change. Amid these challenges, there lies an opportunity: supply chain crises can catalyze buy-in and funding for much-needed transformation initiatives.

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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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FedEx rolls out pricier surcharges, new fees for 2024 peak season

Supply Chain Dive

The charges, some of which start in September, fall closely in line with what rival UPS unveiled.

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Is the Trucking Industry Really on the Road to Recovery?

Supply Chain Brain

Are we finally seeing the end of the longest freight recession in recent decades? It’s the question on everyone’s mind — and has been for over a year.

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Watch: FTC Cracks Down on ‘Made in USA’ Claims

Supply Chain Brain

Leonard L. Gordon, advertising and marketing group leader with Venable LLP, explains the Federal Trade Commission’s recent action on verifying “Made in USA” claims for a wide range of manufactured products.

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Fastenal’s digital procurement strategy drives e-business growth

Supply Chain Dive

By modernizing the process, the company said it is also reducing customer costs and improving efficiency.

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China to Limit Exports of Mineral Used in Batteries and Weapons

Supply Chain Brain

China pointed to national security as the driving factor behind the move, given that antimony can be used in explosives and nuclear weapons.

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Employers plan 3.5% raises for 2025, Payscale data reveals

Supply Chain Dive

The projection follows a pattern of “softening in a cooler labor market,” the company said.

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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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Samsung Electronics Workers in South Korea Go on Four-Day Strike

Supply Chain Brain

The union representing Samsung Electronics workers has been pushing for a wage increase and a more favorable bonus structure since the start of the summer.

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Utz’s supply chain overhaul shrinks manufacturing network

Supply Chain Dive

The snack maker is focused on production and cost efficiency after shedding at least six plants in recent months.

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Maersk Joins Study to Look into Nuclear-Powered Container Ships

Supply Chain Brain

The study will be conducted by maritime services firm Lloyd's Register and nuclear engineering company Core Power.

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Lamb Weston names new supply chain chief

Supply Chain Dive

Former REI exec Sylvia Wilks will lead the frozen food company’s manufacturing and procurement operations.

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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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Podcast | ‘X-Shoring’: Fact and Fiction

Supply Chain Brain

Are manufacturers engaged in a mass exodus from China? And if so, where are they going?

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11 Best Legal AI Tools for Legal Professionals in 2024

ContractSafe

The legal industry is steeped in tradition, with law firms and courtrooms boasting centuries-old practices. But that doesn’t mean it isn’t open to disruption. New tools and technology have been slowly chipping away at the mahogany-paneled offices of legal teams for years, but artificial intelligence (AI) is taking that modern-day makeover to the next level.

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Late Edition Soundbite – Are Providers Playing Poker With Practitioner Money?

Procurement Insights

EDITOR’S NOTE: Check out Jason Busch’s post on LinkedIn and this evening’s post will make sense. As usual, great and very accurate insights, Jason Busch So, here is the dumb question of the day – ready for it: What does this mean for the practitioners on the other side of the table who are still struggling with 80% or higher initiative failure rates?

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Enterprise AI: Everything You Need to Know

Pipefy

Today’s businesses regularly seek ways to gain competitive advantages through innovation. In a recent Pipefy survey of business leaders , 81% of C-suite executives report that they expectgenerative AI adoption to improve efficiency at their businesses by more than 25%. Enterprise AI has the potential to bring this to fruition, transforming large organizations’ operations, decision making, and customer service strategies.

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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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4 Key Equipment Inventory Management Best Practices for Efficient Operations | Ecommerce

Finale Inventory

In ecommerce, effective equipment inventory management is vital for smooth operations. By following best practices, businesses can ensure they have the right equipment at the right time to fulfill customer orders and maintain a streamlined workflow. This article highlights the significance of equipment inventory management in ecommerce and presents four key practices every ecommerce business should adopt.

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Procurement 6 – August 16th, 2024

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 – August 16th, 2024 appeared first on Art of Procurement.

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How Does an RFID Asset Tracking System Operate?

Finale Inventory

If you’re managing inventory or assets, you understand the importance of having an effective tracking system. RFID, or Radio Frequency Identification, has become a popular technology in recent years. This article covers how RFID asset tracking systems work and the advantages they offer businesses. Whether you’re involved in e-commerce or another sector requiring effective inventory management, grasping RFID technology can enhance your operations and boost your results.

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The 100 Day Plan: 5 Takeaways for CPOs

Arkestro

Resources / Blog / The 100 Day Plan: 5 Takeaways for CPOs The 100 Day Plan: 5 Takeaways for CPOs Throughout the years, CPOs have faced the same age-old challenge: do more and better with less. Yet in the age of AI, the problem has grown more acute than ever. The role of the CPO has expanded dramatically. At the same time, procurement teams are up against many hurdles that make it more difficult to meet ever-growing demands, such as limited data and insights, outdated systems, increased prices, s

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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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Enhance Manufacturing Operational Efficiency with Finale Inventory’s Tips | Ecommerce

Finale Inventory

In manufacturing, operational efficiency is key to maximizing profits and maintaining a competitive edge. By refining processes and optimizing resources, manufacturers can cut costs, boost productivity, and deliver products more swiftly to meet customer demands. However, achieving this level of efficiency can be challenging. Finale Inventory offers guidance on enhancing operational efficiency in manufacturing.

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Labor Minister Rejects Call to Intervene in Canada Rail Dispute

Supply Chain Brain

Both companies said their gradual shutdown would ensure hazardous and vulnerable shipments aren’t stranded if a settlement isn’t reached by August 22.

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How to Conduct an Inventory Cycle Count for Optimal Efficiency | Ecommerce

Finale Inventory

Inventory management is a key part of running a successful ecommerce business. Without accurate and up-to-date inventory data, fulfilling customer orders efficiently and maintaining high levels of customer satisfaction becomes nearly impossible. One effective method to ensure the accuracy of your inventory data is by conducting regular inventory cycle counts.

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7 Effective Strategies to Minimize Manufacturing Waste

Finale Inventory

Manufacturing waste poses significant challenges for businesses, affecting both environmental and financial aspects. Addressing waste effectively is important for both sustainability and profitability. Here are seven strategies to help organizations reduce manufacturing waste and optimize their operations. Understanding the Importance of Waste Reduction in Manufacturing Manufacturing waste includes any material or resource discarded during production, such as raw materials, energy, water, or tim

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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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How UPC Barcodes Enhance Inventory Management

Finale Inventory

UPC barcodes play a key role in improving inventory management across various industries. Understanding the basics of UPC barcodes is vital for any business aiming to streamline its inventory processes, reduce errors, and enhance customer experience. This article covers the structure and function of UPC barcodes , their impact on retail and ecommerce, how to integrate them into your inventory system, and their future in sustainable inventory management.

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5 Effective Solutions to Common Inventory Management Challenges | Ecommerce

Finale Inventory

Inventory management is a key factor in operating a successful ecommerce business. Efficiently managing your inventory is important for timely order fulfillment, avoiding stockouts, and maximizing profitability. However, managing inventory can be challenging, particularly as your business expands. This article presents five effective solutions to common inventory management issues in the ecommerce industry.

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Effective Strategies to Minimize Inventory Shrinkage with Finale Inventory | Ecommerce

Finale Inventory

Inventory shrinkage can pose significant challenges for ecommerce businesses. It refers to the loss of inventory between the time it is received and the time it is sold. Understanding the causes of inventory shrinkage is vital for implementing strategies to minimize it and enhance profitability. This article discusses effective strategies to reduce inventory shrinkage using Finale Inventory, a comprehensive inventory management system designed for ecommerce businesses.

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Prevent Inventory Shortages: Tips for Small Businesses with Finale Inventory | Ecommerce

Finale Inventory

Inventory shortages can seriously impact small businesses, leading to lost sales and dissatisfied customers. However, with the right strategies and tools, such as Finale Inventory, businesses can effectively prevent shortages and maintain optimal stock levels. This guide will cover the impact of inventory shortages on small businesses, common causes, the role Finale Inventory plays in prevention, practical inventory management tips , and how ecommerce platforms can enhance inventory management.

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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