Thu.Jun 20, 2024

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Preventing payment fraud: Strategies for financial protection

Spend Matters

This content does not express the views or opinions of Spend Matters. As the digital landscape expands, the convenience of online transactions is shadowed by the increasing prevalence of payment fraud, paired with the traditional risk of fraudulent paper checks. With scams ranging from duplicate billing to false vendor invoices and overcharging, businesses face significant risks that can impact their financial integrity.

Strategy 109
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Hyundai EV campus fuels Georgia ports volume growth

Supply Chain Dive

Trade growth from Tier 1 suppliers ahead of the facility's production launch increased the port's May activity.

Suppliers 132
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Trending Sources

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Which Technology Is Right for My Manufacturing Business?

Supply Chain Brain

Over the last decade, the world has changed dramatically for manufacturers. But so has technology, with a host of new tools for streamlining operations, automating tasks and saving on costs.

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Former Pioneer Oil CEO Scott Sheffield – Colluder or Scapegoat?

Art of Procurement

In 2019, Pioneer Natural Resources, an independent shale oil producer in West Texas, was worth $24 Billion. Their CEO, Scott. The post Former Pioneer Oil CEO Scott Sheffield – Colluder or Scapegoat? appeared first on Art of Procurement.

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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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The 'Glocal' Balancing Act: Lessons from a Local Winery's Supply Chain Disruptions

Supply Chain Brain

Many companies have been busy restructuring their supply chains from global to regional or local for a few years now. But what problems are they trying to solve?

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Parcel delivery startup Delivered buys Point Pickup’s assets

Supply Chain Dive

The $100,000 purchase will help build new services for shippers and carriers, Delivered CEO Andrew Hurst said.

More Trending

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Hershey looks to prioritize sustainable cocoa sourcing

Supply Chain Dive

In its latest ESG report, the chocolate giant outlined how it plans to work alongside communities and governments to create a more resilient supply chain.

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Drone-Sinking of Coal Ship Takes Red Sea Perils to New Level

Supply Chain Brain

Yemen’s Houthi militants managed to strike the MV Tutor with a seaborne drone, killing one crew member and injuring others.

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Kingfisher sets scope 3 emissions reductions goals for vendors

Supply Chain Dive

The home improvement company is collaborating with suppliers to map out sustainability targets.

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Amazon Fined Nearly $6M over Warehouse Quotas in California

Supply Chain Brain

Citing more than 59,000 separate violations, state regulators say Amazon failed to disclose quotas to workers at two warehouses near Los Angeles.

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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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How Procurement and Legal Can Deliver Value, Minimize Risk

Una

How Procurement and Legal Can Team Up to Deliver Value, Minimize Risk The alliance between procurement and legal has a direct impact on business outcomes and protecting the organization from risk. By Mackenzie Oakley | June 20, 2024 Search Search Procurement’s relationship with legal is one of the most important and necessary alliances they can form.

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Amazon Ditches Plastic Pillows for Packages in North America

Supply Chain Brain

As of June 20, the company says it's replaced 95% of its plastic pillows with recyclable paper fillers at its North America fulfillment centers.

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Orange Juice, Cocoa, and Vertical Integration

Procurement Insights

“Jon, if Mars wants cocoa, it will get cocoa – there is no chocolate shortage.” The above statement from one of the industry’s top commodity thought leaders got the wheels spinning in my head. It also reminded me of the post I wrote many years ago – Public Sector Procurement Practice and the Principles of External Economies, Clustering and the Global Value Chain.

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Podcast | Do Humanoid Robots Make Sense in a Warehouse?

Supply Chain Brain

Are robots that are modeled after the human form the best choice for warehouse 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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Why Supplier Information Management (SIM) Is Key To Detecting and Preventing Fraud

HICX

Fraud is a prevalent issue that impacts society as a whole and requires ongoing attention to reduce threats from fraudsters’ increasingly sophisticated tactics. It is currently on the rise and is forecast to continue on that trajectory for the foreseeable future. According to procurement consultants Comprara, it is estimated that by 2027, more than $348 billion will be lost globally due to fraud.

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Chinese Carmakers Call for 25% Tax on Large European Cars

Supply Chain Brain

The companies made the demand in a closed-door meeting with Beijing’s Ministry of Commerce on June 18.

Demand 95
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Stitch Fix among rush of retailers adding delivery providers

Supply Chain Dive

Several shippers are diversifying their carrier mixes this year in a bid to reduce transportation costs.

Bidding 86
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East Palestine Derailment Spread Chemicals to 16 US States, Data Shows

Supply Chain Brain

Chloride and pH levels were highest in northern Pennsylvania just east of the wreck, and along the U.S.-Canada border.

Data 105
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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.