Sun.Jul 14, 2024

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Preparing for the Future With ‘Extreme Scenario Planning’

Supply Chain Brain

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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7 Steps to Streamline Your Procurement Contract Management

Procurement Freelancers

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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Forward-Looking Companies Embrace the Chaos

Supply Chain Brain

This white paper highlights the impact BANI is having on the supply chain and shows how logistics professionals can manage challenges that defy imagination.

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An Opportunity Cost vs. TCO in Outsourcing (Based on British Airways Case)

The Good Spending

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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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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From "Raw" to Riches

Supply Chain Brain

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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Category Management: How Far We’ve Come, How Far We Can Go

Art of Procurement

“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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Weekend Smile: An 8-Second Video On Agent-Based Modeling

Procurement Insights

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

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Adani to Double Investment in Transshipment Port to $2.4 Billion

Supply Chain Brain

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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Warehousing Case Study: JD.COM 3PL Warehouse

Supply Chain Brain

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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Reducing Global Lead Times to Improve Customer Experience at Becton Dickinson

Supply Chain Brain

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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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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Watch: How Collaborative Bidding Drives Innovation in Supplier Relationships

Supply Chain Brain

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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The Shift-Left Logistics Imperative

Supply Chain Brain

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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How Alphabroder Enhanced Productivity and Work-Life Balance with Robotics

Supply Chain Brain

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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Boeing Begins Flight Trials for 777-9 in Path to Certification

Supply Chain Brain

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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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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Your warehouse leasing checklist: Key considerations before deciding on your next facility

Supply Chain Brain

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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