Thu.Jul 11, 2024

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Chasing a Common Supply Chain Objective: Saving Lives

Art of Procurement

For over a decade, one public-private partnership has worked to make lifesaving medicines available in the most remote parts of. The post Chasing a Common Supply Chain Objective: Saving Lives appeared first on Art of Procurement.

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Chinese Hackers Targeting Ships Across Europe With Malware on USB Sticks

Supply Chain Brain

Several USB sticks with malware have been found plugged into computers on freight vessels in Norway, Greece and the Netherlands dating back to January.

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Lego to mandate sustainability targets across supply chain

Supply Chain Dive

The Danish toy maker is turning to suppliers to help cut emissions from its indirect operations, primarily its supply chain, as they make up the majority of its carbon footprint.

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Automation's Role in Alleviating Labor Shortage Pressures

Supply Chain Brain

Organizations are struggling to secure the labor, knowledge workers and leaders they need to thrive — and logistics and supply chain-focused businesses have been hit particularly hard.

Logistics 119
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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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Automakers accelerate drive for fossil-free steel

Supply Chain Dive

Volvo is the top automaker for steel and aluminum decarbonization, according to a report from Lead the Charge. Mercedes, Tesla and Ford follow.

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Debunking 5 Common Myths About Predictive Procurement Orchestration

Arkestro

Over 50% of organizations have automated their procurement processes, with around 35% using AI in procurement — an impressive increase from 29% in 2020. This evolution enables procurement teams to make superior decisions, initiate more events, and cover broader ground without additional resources.

More Trending

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8 Ways Sourcing Agents Save You Time and Money

Procurement Freelancers

Have you ever thought about why certain companies always find the finest products at excellent… The post 8 Ways Sourcing Agents Save You Time and Money first appeared on Procurement Blog | Procurement & Supply Chain News.

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Watch: How a New Tax-Relief Proposal Would Help U.S. Manufacturers

Supply Chain Brain

Ed Meyette, federal tax consulting services partner with Crowe, explains how a proposed tax bill would benefit U.S. manufacturers by speeding up the depreciation of business expense.

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GM shareholders deny 3 ethical supply chain proposals

Supply Chain Dive

Responding to the proposals, the automaker defended its existing practices for supplier agreements and operational policies.

Ethics 122
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Ships Fleeing the Red Sea Now Face Perilous African Weather

Supply Chain Brain

Storms near the African coastline are playing havoc with the key route that vessels have been using to avoid attacks by Houthi militants in the Red Sea.

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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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You can’t say that in public!!!

Procurement Insights

What do you say about public sector procurement when you think no one else is around? I don’t know about you, but I am tired of slick multimedia productions with opening music, cool imagery, and crafted and filtered dialogue in which truthful insight is lost in a sea of neutrality and bland sales pitches that fail to stimulate dissenting, thought-provoking dialogue.

Buyers 81
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EU Push to End Forced Labor Could Drive $7B in Spending on Supply Chain Visibility

Supply Chain Brain

Verdantix predicts a $7 billion market for supply chain sustainability software by 2029, with EU manufacturing and retail firms expected to drive the bulk of that spending.

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Supply chain data-sharing leader promoted in federal multimodal office

Supply Chain Dive

Andrew Petrisin, creator of the DOT's Freight Logistics Optimization Works program, has been named deputy assistant secretary.

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Podcast | Busted! Detecting Chinese Cotton Made With Forced Labor

Supply Chain Brain

We haven’t stopped the importation of cotton produced in China with the use of forced labor.

Import 111
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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 data is useless if this one thing is missing

Procurement Insights

Please read the following four definitions and identify which one area is an absolute must for you to get maximum value from your data: Data Science What does a data scientist do? Data scientists determine the questions their team should be asking and figure out how to answer those questions using data. They often develop predictive models for theorizing and forecasting.

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Enhancing Supplier Collaboration: A Key to Business Success

HICX

HICX has released its 2024 Voice of the Supplier Survey , building upon its 2021 predecessor, which revealed significant challenges faced by suppliers in working with some of the world’s largest businesses. Seeking to understand the current landscape, HICX conducted a new study to gauge the state of supplier experience today. Read also: Squeezing Suppliers Must Not Replace Shrinkflation The survey included responses from 1,000 suppliers serving large multinationals, typically with revenues excee

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The Importance of Third-Party Logistics (3PL): Definitions and Insights | Ecommerce

Finale Inventory

In the fast-paced ecommerce industry, efficiency and customer satisfaction are of utmost importance. This is where third-party logistics, or 3PL, comes into play. Understanding the role of 3PL in ecommerce and the benefits it offers can significantly impact the success of your online business. This article provides definitions, insights, and the significance of 3PL in the ecommerce landscape.

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How To Create an Effective AI Use Policy for Your Legal Team (+ Template)

ContractSafe

Artificial intelligence (AI) has taken the world by storm, and legal teams are racing to jump on board. It’s a technology that promises a complete overhaul of how the world works, from automating mundane tasks to generating human-like text and more.

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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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The Importance of Third-Party Logistics (3PL): Definitions and Insights | Ecommerce

Finale Inventory

In the fast-paced ecommerce industry, efficiency and customer satisfaction are of utmost importance. This is where third-party logistics, or 3PL, comes into play. Understanding the role of 3PL in ecommerce and the benefits it offers can significantly impact the success of your online business. This article provides definitions, insights, and the significance of 3PL in the ecommerce landscape.

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Technology and ESG: Embracing Change with Emir Allen – Episode 98

Procurement Talk with David Byrne

Listen on Apple Podcasts Listen on Spotify Watch on YouTube Summary In this episode Martin Smith interviews Emir Allen, the Managing Director of Talent Finance. They discuss Emir’s background in the accountancy and finance world, the challenges and opportunities in the profession and the current landscape of the market. They also touch on … Continued The post Technology and ESG: Embracing Change with Emir Allen – Episode 98 appeared first on Talent Drive.

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Unpacking Information Systems: Definitions and Practical Examples | Ecommerce

Finale Inventory

Technology plays a vital role in 2024’s business landscape, and one key aspect is the use of information systems. In this article, we will talk about the realm of information systems specifically in the context of ecommerce. We will examine their definitions, provide practical examples, and discuss their significance in modern business operations.

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Walmart to Open Five New Automated Distribution Centers for Fresh Food

Supply Chain Brain

Each facility will be twice the size of a traditional distribution center, with automated retrieval systems that move them to dense pallets that are then delivered to stores.

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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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The Guide to Getting a Product Barcode in 5 Steps | Ecommerce

Finale Inventory

Are you an ecommerce seller? If so, you may already understand the significance of product barcodes in streamlining your business operations. In this guide, we will walk you through the process of obtaining a product barcode in five simple steps. From grasping the role of barcodes in product identification to designing and printing your barcode, we’ve got you covered.

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New U.S. Rules Target Chinese Steel Imports

Supply Chain Brain

The White House has decided to revisit Mexico's tariff exemption, as it was suspected of being used to bypass taxes on imports that originate in China and elsewhere.

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How Businesses Manage PPE Inventory Efficiently with Finale Inventory | Ecommerce

Finale Inventory

In a fast-paced business environment, efficient management of personal protective equipment (PPE) inventory is essential. With the rising demand for PPE due to the COVID-19 pandemic, businesses need reliable tools to track and manage their inventory effectively. This article highlights the importance of efficient PPE inventory management and how Finale Inventory can help businesses streamline their processes.

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Debunking 5 common myths about Predictive Procurement Orchestration

Spend Matters

This content does not express the views or opinions of Spend Matters. Over 50% of organizations have automated their procurement processes, with around 35% using AI in procurement — an impressive increase from 29% in 2020. This evolution enables procurement teams to make superior decisions, initiate more events and cover broader ground without additional resources.

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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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Top 10 Benefits of Cloud-Based Inventory Management with Finale Inventory | Ecommerce

Finale Inventory

Efficient inventory management is key to success in ecommerce. With the increasing complexity of online businesses, manual inventory management processes can’t keep up with the demands of today. That’s where cloud-based inventory management helps. By using cloud technology, businesses can streamline their inventory operations, boost efficiency, and drive growth.

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Optimizing Manufacturing Processes with Finale Inventory | Ecommerce

Finale Inventory

In the fast-paced world of manufacturing, efficiency is key. Every second counts, and any delay or error in the production process can have significant consequences. That’s why businesses are constantly searching for tools and solutions to optimize their manufacturing processes and enhance their productivity. One such tool that has gained significant popularity in recent years is Finale Inventory.