Tue.Jun 04, 2024

article thumbnail

What is a Service Credit

Procurement Templates

A service credit is a payment for a non performance by a supplier. It’s normally measured using a KPI. Context and Usage The hierarchy is an SLA, then the KPI’s and then service credits. Here’s a breakdown of what this entails: Service Level Agreements (SLAs) : A service credit will typically be part of the SLA and sits alongside the KPI’s.

Contract 130
article thumbnail

Canada border disruption? What shippers should know on possible strike

Supply Chain Dive

If no deal is reached shippers can expect lengthy delays in moving freight on trucks between the U.S. and Canada as soon as Thursday.

140
140
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Supply Chains Under Siege: What Organizations Should Know

Supply Chain Brain

Among all the threats facing global supply chains today, the issue of greatest concern lies within the very heart of the system: a lack of effective cybersecurity measures.

article thumbnail

Intake and Orchestration in procurement: How do the solution providers define its role? – Opstream

Spend Matters

Spend Matters chose Intake and Orchestration as its main research theme for this quarter because we believe it is the fastest-growing procurement tech market segment today. If you’d like to understand more about what intake management and orchestration mean for procurement, read our Guide to Intake and Orchestration here. As part of our research we are conducting analyst-led analysis / thought leadership , solution provider deep-dive analyses , webinars and interviews with both the practitioners

article thumbnail

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.

article thumbnail

'Clock Ticking' on Potential Canada Border Agent Strike

Supply Chain Brain

The Canada Border Services Agency — made up of over 9,000 border workers — previously set a June 6 deadline to reach a collective bargaining agreement.

105
105
article thumbnail

Amazon Labor Union affiliates with Teamsters

Supply Chain Dive

The new affiliation comes as the Teamsters union has ramped up efforts to organize Amazon workers in the past few years.

112
112

More Trending

article thumbnail

CBP Intensifies Scrutiny of E-Commerce Shipments

Supply Chain Brain

Typically, the U.S. will allow shipments valued under $800 — known officially as Type 86 entries — to be imported without tax or duty payments.

Import 97
article thumbnail

Episode 168: Adventures in Public Sector Procurement with Dwight Gibbs

Una

EPISODE 168 Adventures in Public Sector Procurement with Dwight Gibbs By Kelly Barner | June 5, 2024 The public and private sectors both have a great need for top procurement talent. And while their stakeholders, objectives, and processes differ in some ways, they are also subject to the same economic forces and market trends. Sometimes the dynamics in one of their sectors even has an impact on the other.

article thumbnail

Solar industry at odds as ITC nears ruling on First Solar tariff petition

Supply Chain Dive

The petitioners say current Chinese export practices pose a threat to U.S. businesses, while others say the trade case itself is a threat.

Export 91
article thumbnail

Watch: Performance Management: Key to Boosting Warehouse Worker Productivity and Morale

Supply Chain Brain

Alex Rhea, chief technology officer and co-founder of Takt, likes to talk about performance management rather than labor management.

article thumbnail

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.

article thumbnail

AutoZone ups availability with growing distribution network

Supply Chain Dive

The auto parts retailer is leveraging its existing network to carry more inventory while nearing completion of additional facilities.

article thumbnail

EU Cracks Down on Temu Over Counterfeit Product Concerns

Supply Chain Brain

Temu has until the end of September to provide the EU with a risk assessment report on the sale of counterfeit goods and illegal products.

Risk 85
article thumbnail

Unleashing Efficiency: The Benefits of Autonomous Sourcing in Procurement Strategies

Arkestro

Resources / Blog / Unleashing Efficiency: The Benefits of Autonomous Sourcing in Procurement Strategies Unleashing Efficiency: The Benefits of Autonomous Sourcing in Procurement Strategies Discover how autonomous sourcing revolutionizes procurement strategies, streamlining processes and maximizing efficiency for businesses of all sizes. In today’s fast-paced business landscape, the role of procurement teams in sourcing goods and services is critical to the success and profitability of an o

article thumbnail

U.S. South Accounts for Lion’s Share of Factory Construction Boom

Supply Chain Brain

U.S. construction put in place for manufacturing facilities has more than doubled in the two years ended in April.

93
article thumbnail

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

article thumbnail

11 Great Procurement Tools for Manufacturing Companies

Procurement Software

Digital procurement tools for manufacturing companies are finally flourishing. While procurement technology for indirect spend continues to flourish, we’re now also seeing a new wave of great tech platforms for direct spend and component parts. These apps are capitalising on the need for better technology to support manufacturing businesses. As supply chain technology improves for transportation, inventory management and warehousing, the procurement tools for manufacturing businesses now n

article thumbnail

7 Best Practices for Conducting Contract Audits (+ Free Checklist)

ContractSafe

By adopting a strategic approach to contract audits, businesses can unlock a wealth of insights that streamline contract management processes, cut costs, and foster stronger partnerships.

article thumbnail

Navigating the Complexities of Small Business Accounting

Procurement Express

As a small business owner or entrepreneur, the world of accounting can often feel overwhelming and intimidating. From managing cash flow to tracking expenses, the financial aspects of running a business can quickly become a daunting task, especially for those without a strong background in finance. However, with the right tools and guidance, small business owners can unlock the hidden insights that lie within their accounting data, transforming it into a powerful asset for driving growth and pro

article thumbnail

Announcing ContractSafe’s Customer Referral Program

ContractSafe

Share Your Love for ContractSafe and Get Rewarded Referral programs are a great tool to help B2B buyers find the right software for their organization. It gives buyers a trusted resource to ask questions and ID problems and it makes current customers feel great—helping a friend and feeling like an influencer. Plus, in the best referral programs, both referrers and referrals get a little incentive.

Buyers 52
article thumbnail

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.

article thumbnail

How Procurement Can Think Like a Startup

Una

How Procurement Can Think Like a Startup Explore how procurement can think like a startup, even within a big organization, and reap the benefits that come with it. By Hugo Britt | June 4, 2024 Search Search Imagine a humble but bustling startup with a small team of passionate individuals working hard to bring their innovative idea to life. They operate with agility, adaptability, and a burning desire to disrupt the market.

article thumbnail

Tapping into the Untapped Potential of Your Workforce

Procurement Express

As the CEO of Vetter, a leading employee suggestion box software, Duncan Murtagh has a unique perspective on the transformative power of employee engagement. In this insightful blog, we’ll explore how one manufacturing company leveraged Vetter’s innovative solution to unlock over $300,000 in savings and foster a culture of innovation and inclusion.

article thumbnail

Will Shopify’s inventory management tools help you grow in the future?

Finale Inventory

As a growing Shopify merchant, you may be facing a conundrum: Shopify’s world-class ecommerce suite has supported your success so far – but you may be wondering whether its built-in tools can take you to the next level. As you add fulfillment options, sales channels, and stock locations, change suppliers, or are feeling the heat from FBA inventory demands , you need to take a close look at what tools Shopify provides, and what shortcomings there may be which are actually setting you back.

article thumbnail

Barkers win prestigious Coupa Partner Connect Award

Barkers Procurement

Barkers has secured ‘Transformation Project of the Year – EMEA region’ from the Coupa Partner Connect Award Program at Coupa Inspire 2024. The award recognises a Partner from across the EMEA Partner Community who has demonstrated excellence in the delivery of a digital procurement transformation project during the last 12 months. Barkers have received the award in recognition of their work with Sunbelt Rentals to digitise their end-to-end source-to-contract cycle.

article thumbnail

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.

article thumbnail

Is your procurement software the problem, or is it your organisation?

The Procuretech Podcast

This week on The Procurement Software Podcast, host James Meads explores the challenges faced by organisations in adopting and utilising new software technologies. James discusses an interesting article from The Guardian titled "Your Office Software Is Not the Problem, You Are," highlighting tensions around software usability and adaptability within large organisations.