Mon.Jul 22, 2024

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CPO Crunch: Take time to zoom in and help stamp out modern slavery

Procurement Leaders

A couple of years ago, the CPO of a major international chemicals company shared an image with me. At first glance, it was innocuous. Only when he pointed it out, did I notice a footprint on the floor of the factory that the image was of. And only after he had brought my attention to the scale of that footprint did it dawn on me that it belonged to a child.

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Sustainability starts on the farm: How agricultural traceability benefits producers and consumers

Supply Chain Dive

Discover how agricultural traceability is revolutionizing the food industry, empowering consumers with knowledge, boosting farmers’ revenues and paving the way for a sustainable future.

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Air Freight Could Take 'Days or Even Weeks' to Recover from CrowdStrike Crash

Supply Chain Brain

Both FedEx and UPS have warned customers to expect delays on package deliveries originally slated for the date of CrowdStrike's outage on July 19.

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Rosslyn: Vendor Analysis (Part 2) — Spend analytics product-level strengths and opportunities, voice of the customer, competitors and market analysis, user considerations, analyst commentary and summary

Spend Matters

Part 2 of this Spend Matters Vendor Analysis focuses on the strengths and opportunities of Rosslyn’s spend analytics solution. It also looks at the voice of the customer and the elements to consider when looking at Rosslyn as a potential solution provider. Part 1 of the series provided a history and overview of Rosslyn’s spend analytics solution and its roadmap.

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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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Watch: Tearing Down Silos in the Supply Chain: Can AI Help?

Supply Chain Brain

Why is the supply chain historically more siloed than other functions? And what can be done about it? Ashutosh Dekhne, Americas supply chain and operations practice leader with EY, offers guidance.

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Rosslyn: Vendor Analysis (Part 1) — Spend analytics solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Rosslyn and its solution for spend analytics. In today’s rapidly evolving business landscape, procurement is no longer just about purchasing goods and services. It’s about strategically managing resources, optimizing supply chains and driving organizational value. As procurement’s role becomes more complex, the need for advanced tools to manage and analyze spending increases.

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Port of Seattle Opens Applications for WMBE Business Accelerator Program

Supply Chain Brain

The program is designed to give women- and minority-owned small businesses the chance to learn the skills needed to work and grow within the maritime industry.

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XPO launches Mexico+ cross-border shipping service

Supply Chain Dive

The carrier's Yellow Corp. terminal acquisitions have allowed it to expand to seven border crossing points for faster delivery times.

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U.K. Department Store Trials Clothing Repair Service in Bid to Cut Carbon Waste

Supply Chain Brain

John Lewis stores will charge £10.95 ($14.15) to fix small rips and tears, £28.50 for a broken zipper on items like cushion covers, and £99.95 to restore a handbag.

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Redefining the 3PL: How Iron Mountain is elevating the modern warehouse experience

Supply Chain Dive

This isn’t your father’s warehouse. See how Iron Mountain has upped the game to redefine and elevate what it means to deliver a modern warehouse experience.

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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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Building the Automation Framework

Supply Chain Brain

By emphasizing digitalization, predictiveness and autonomy, new levels of success in speed, accuracy, service and revenue can be realized.

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Port of Long Beach nets giant spike in June cargo volumes

Supply Chain Dive

The 842,446 TEUs the port processed last month surpassed the previous June record set in 2022.

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Boeing Driving ‘Transformational Change’ That May Take Years

Supply Chain Brain

The overhaul will take years to take root, and will require support from customers who’ve been burned by Boeing’s delays and quality lapses.

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The Ultimate Guide to Logistics Management | Ecommerce

Finale Inventory

Logistics management plays a pivotal role in the success of an ecommerce business. This comprehensive guide will help you understand the basics of logistics management, uncover the key components involved, and recognize the impact of efficient logistics management on your ecommerce operations. We’ll also cover strategies to effectively manage logistics and tackle common challenges in the industry.

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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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41 years later, is the Kraljic matrix still valid?

Procurement Insights

The following is an excerpt of my response to a recent post by David Loseby: Here is the one stat that matters most—from the ERP era through the SaaS and digital transformation era to the AI world of today, 80% of all procurement initiatives fail! In 1983, Peter Kraljic introduced his matrix in an HBR article , Purchasing Must Become Supply Management.

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What is SKU Rationalization? Definitions, Benefits, and Practical Examples | Ecommerce

Finale Inventory

SKU rationalization is a significant concept in ecommerce. It involves the thorough evaluation and analysis of stock-keeping units, or SKUs, to optimize inventory management and drive better business outcomes. This article will cover SKU rationalization, including its definition, benefits, and practical examples in ecommerce. Understanding SKU Rationalization SKU rationalization is a strategic process that companies use to optimize their product offerings by identifying and removing underperform

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Helen of Troy reports distribution disruptions at Tennessee facility

Supply Chain Dive

The company is working with suppliers to address the remaining challenges impacting customer orders.

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Understanding Make to Stock (MTS): Definitions and Practical Insights | Ecommerce

Finale Inventory

Make to Stock (MTS) is a well-known concept in ecommerce. This article covers MTS’s definition, key terms, practical insights, its role in ecommerce, the implementation process, and its advantages and drawbacks. By the end, you’ll have a solid grasp of MTS and its impact on your online business. What is Make to Stock (MTS)? Make to Stock, or MTS, is a production strategy where products are made before they are ordered or demanded.

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro

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Magnus Mondays (Reprisal) — It’s Time to Improve eSourcing Adoption

CPO Rising

[**Over the next few weeks, we’ll be running “best of” Magnus Mondays posts, reprising some of the most popular topics of the series. Magnus returns with new content in August.

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Advanced Shipping Notice (ASN): Its Importance and Benefits Explained | Ecommerce

Finale Inventory

In ecommerce, effective logistics and streamlined supply chain processes are vital for success. One tool that has gained traction recently is the Advanced Shipping Notice (ASN). This article will explain ASN, its significance, and the advantages of using it in ecommerce operations. Understanding the Concept of Advanced Shipping Notice (ASN) Definition of ASN The Advanced Shipping Notice, or ASN, is a notification sent by a supplier or manufacturer to a retailer or customer, informing them about

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U.S. E-Commerce Vendors to Embrace International Markets, Says DHL Survey

Supply Chain Brain

A potential fly in the ointment is the looming possibility of increased tariffs on internationally sourced goods, which appears likely under a Republican government.

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Strategic Inventory Cost Reduction: 10 Effective Strategies | Ecommerce

Finale Inventory

In the competitive ecommerce environment, managing inventory costs effectively is key to running a successful business. Controlling these costs maximizes profitability, ensures cash flow, and boosts customer satisfaction. This article presents various strategies to lower inventory costs and enhance operational efficiency. Understanding Inventory Cost in Ecommerce Inventory is fundamental to ecommerce, acting as the backbone of online businesses.

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The Current and Future Use of Gen-AI in Supply Chains

AI isn’t the future. It’s here, now. 30% of businesses have invested in AI. Another 57% will do it in the next 12 months*. From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. But here’s the secret: success will only come from strong human-AI collaboration, reveals this new new Economist Impact report.

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Understanding Anticipation Inventory: Definitions, Advantages, and Disadvantages | Ecommerce

Finale Inventory

In the ever-evolving field of ecommerce, businesses work to remain competitive by implementing innovative strategies to optimize their operations. One such strategy is anticipation inventory. This article examines the concept of anticipation inventory, its components, and its impact on ecommerce. We will also discuss the benefits it provides to online businesses and potential drawbacks.

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What is Order Management? A Comprehensive Guide | Ecommerce

Finale Inventory

Order management is a vital process for any business, particularly in the expanding field of ecommerce. It serves as the foundation of a successful online store, ensuring that orders are handled efficiently, inventory is well-managed, and customer satisfaction is achieved. This guide covers the nuances of order management, including its importance, key elements, role in ecommerce, various types of systems, essential features, and how to effectively implement an order management system.