Supply Chain Brain

JULY 14, 2024

The best way that industrial supply chains can prepare for an uncertain future is to imagine the most extreme outcomes playing out — in opposite directions.

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Supply chain Supply 115

Procurement Freelancers

JULY 14, 2024

Getting business agreements handled properly is essential for businesses. It means taking care of contracts… The post 7 Steps to Streamline Your Procurement Contract Management first appeared on Procurement Blog | Procurement & Supply Chain News.

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Contract management Procurement contracts Contract Management 92

Supply Chain Brain

JULY 14, 2024

In manufacturing, minimizing downtime and maximizing production while managing costs is the name of the game. Keeping up with rising order volumes and keeping costs in check was a challenge for a leading manufacturer of consumer goods.

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Management 110

The Good Spending

JULY 14, 2024

When I came across the notion of the opportunity cost , I realized I was barely adding it to my TCO calculations. The Notion of Opportunity Cost Opportunity cost is a fundamental economic concept representing the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. In simpler terms, it's the value of the best alternative foregone.

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Contract Budget Procurement Strategy 59

Advertiser: GEP

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

Category management

Supply Chain Brain

JULY 14, 2024

Kate Vitasek, faculty member at the University of Tennessee, explains how collaborative bidding can bring about a whole new way of looking at supplier-buyer engagements.

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Bidding Collaboration Suppliers Innovation 107

Art of Procurement

JULY 14, 2024

“I think category management is great fun because you have the freedom to do things. It’s not following a rote. The post Category Management: How Far We’ve Come, How Far We Can Go appeared first on Art of Procurement.

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Category management Management Procurement 52

Procurement Insights

JULY 14, 2024

Everything is “connected” – you just have to figure out what and how.

Supply chain 52

Supply chain Supply Procurement 52

Supply Chain Brain

JULY 14, 2024

In the past two decades, the cost of oil exceeded $100 per barrel in six different years, and there’s no reason to think that 2024 is safe from such a recurrence.

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Supply Chain Brain

JULY 14, 2024

As the largest retailer in China, JD.COM serves 99% of the country, providing unparalleled same-day and next-day delivery. With approximately 600 million active customers, JD.COM faces costly, inefficient, and labor-intensive operations, compounded by high turnover rates. To address these pain points, JD.COM partnered with ForwardX Robotics.

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Supply Chain Brain

JULY 14, 2024

Vizhinjam is expected to facilitate transshipment traffic into India as well as on the major routes connecting it to the U.S., Europe Africa and East Asia.

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Advertiser: ZoomInfo

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

Data

Supply Chain Brain

JULY 14, 2024

Product lead time is crucial in the life sciences industry and represents a key consideration for customers’ purchasing decisions. For this reason, BD Biosciences aimed to optimize its global supply and distribution network to reduce delivery lead time to customers and optimize its global inventory.

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Inventory Networking Purchasing Supply 64

Supply Chain Brain

JULY 14, 2024

The logistics industry has witnessed a profound shift in priorities over the past decade. The rules of the game have changed: A service portfolio focused solely on transport and logistics is no longer adequate to satisfy new climate regulations such as decarbonization and the circular economy.

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Logistics 59

Supply Chain Brain

JULY 14, 2024

Discover how alphabroder, a leader in the apparel and promotional product distribution, overcame labor challenges and enhanced employee well-being through innovative automation solutions.

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Innovation 59

Supply Chain Brain

JULY 14, 2024

Are you evaluating your next warehouse facility or considering lease renewal? JLL's warehouse lease renewal checklist provides a comprehensive guide to simplify your decision-making process.

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Advertiser: GEP

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

Supply chain

Supply Chain Brain

JULY 14, 2024

The beginning of flight testing accompanied a key milestone known as Type Inspection Authorization, which shows that aspects of the design are ready for government evaluations.

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