Mon.Jul 08, 2024

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The Advantages of Big Data Analytics in Suppliers Management

All Things Supply Chain

Traditionally, purchasing and supply management (PSM) has strongly relied on data management, as procurement managers need to dispose of, clean, and update data of different natures to compare suppliers’ performance,…

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Digital Threads: The Path to Sustainable Manufacturing

Supply Chain Brain

Growing environmental concerns, rising consumer expectations for ethical production, and increasing regulatory pressures are pushing businesses toward sustainable operations.

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Luminance: Vendor Analysis — CLM solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Luminance and its solution for contract lifecycle management (CLM). Luminance offers legal-grade AI for the full spectrum of document review, from generation and review to post-execution analysis. The Luminance AI enhances and expedites the entire contract lifecycle process, including drafting, negotiating and understanding key features of executed contracts, all while maintaining compliance.

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Extreme Weather Along South African Coast Could Bring Shipping Delays

Supply Chain Brain

An intense cold front bringing snow to some areas of the country is resulting in damaging coastal winds, rains and waves that threaten infrastructure.

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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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Honda aims to streamline container shipping process

Supply Chain Dive

The automaker’s motorcycle and power products operations divisions are tapping FourKites and BuyCo for greater transport visibility.

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Chicago Metro Area to Get First All-Water Route for Container Ships

Supply Chain Brain

Although Ports of Indiana-Burns Harbor is the 25th largest port in the U.S., all containers that travel through the Chicago area are moved by rail or truck.

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The Hidden Costs to Business of the AI Revolution

Supply Chain Brain

AI promises to save effort and time on a scale never before witnessed in human history. But to quote Serena Williams: “Everything comes at a cost. Just what are you willing to pay for it?

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US aims to bolster textile and apparel trade partnerships overseas

Supply Chain Dive

The initiatives aim to address supply chain sustainability, forced labor concerns and security issues in Central and South America.

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China to Escalate Probe into Imported EU Brandy in Wake of New EV Tariffs

Supply Chain Brain

China's commerce ministry has a hearing set for July 18 to look into claims that the EU has been flooding the country with brandy priced well below market value.

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Manufacturing costs to watch in the second half of 2024

Supply Chain Dive

Uncertainty in the economy is causing manufacturers to tighten their belts, as logistics and supply costs remain vulnerable.

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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: The Value of True Collaboration With Suppliers and Customers

Supply Chain Brain

Collaborative planning, forecasting and replenishment (CPFR) has to involve both suppliers upstream and customers downstream, says Noha Samara, senior director analyst with Gartner.

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Canadian border agents ratify labor deal

Supply Chain Dive

The new agreement for the more than 9,000 represented employees runs through June 2026.

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Possible Strike at British Columbia Ports Halted By Canada Labor Board

Supply Chain Brain

The dispute dates back to December, when DP World Canada revealed plans to automate parts of its rail intermodal yard at Vancouver's Centerm Terminal.

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Galloway Company appoints new chief operations officer

Supply Chain Dive

Troy Youngbauer has overseen the dairy product supplier’s supply chain for the last seven years.

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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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Boeing to Accept 'Sweetheart Deal' Over 737 Max Crashes

Supply Chain Brain

The DoJ gave Boeing the choice of entering a guilty plea and paying a fine or facing a trial on the felony criminal charge of conspiracy to defraud the U.S.

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Understanding the Benefits of a Computerized Inventory System with Finale Inventory | Ecommerce

Finale Inventory

In a fast-paced and competitive ecommerce environment, efficient inventory management is vital for businesses to stay ahead. Manual tracking and cumbersome spreadsheets are now outdated. It’s time to embrace the power of a computerized inventory system. One such system gaining popularity in the industry is Finale Inventory. This article covers the basics of a computerized inventory system, the role of Finale Inventory in ecommerce, the advantages of using such a system, and its impact on e

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Dangerous Supply Chain Myths Series (2007 to 2024)

Procurement Insights

2024 EDITOR’s NOTE: There is a saying that “the more things change, the more they stay the same.” Let’s travel back to 2007 and then ahead to 2024. If we replace the word ERP with Generative AI, would the 2007 predictions by CAPS, ISM, and Kearney be any different today than they were back then? In what was (and is) one of the most popular series in the Procurement Insights Blog’s history, the Dangerous Supply Chain Myths series was based on my review of the ISM, CA

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How to Create a QR Code for Asset Management with Finale Inventory | Ecommerce

Finale Inventory

QR codes have become an integral part of asset management in the ecommerce industry. These scannable codes allow businesses to efficiently track and manage their assets , ensuring better organization, improved inventory accuracy, and streamlined operations. This article discusses the role of QR codes in asset management and provides a step-by-step guide on how to create them with the help of Finale Inventory, a powerful tool designed specifically for ecommerce businesses.

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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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First Steps for Schools and Suppliers to Protect and Promote Environmental Protection and Circular Economy

Value Match

Categories Best Practice Guides Bid Management Business Case Study Circular Economy Community Story Contract for Change Cyber Security Environment and Climate Equality and Inclusion Government Buying Standards House of Commons Committee of Public Accounts Human Rights and Modern Slavery Legislation National Audit Office Reports News Procurement Best Practice Procurement Policy Notes Procurement Strategy Public Sector Library Public Sector Policy Resourcing Responsible Organisational Management S

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Order Inventory Efficiently: A Comprehensive Guide with Finale Inventory | Ecommerce

Finale Inventory

Ordering inventory efficiently is essential for the success of any ecommerce business. In this comprehensive guide, we will explore the fundamentals of inventory management and how you can optimize your processes using Finale Inventory. Whether you are an experienced online seller or just starting out, this article will provide invaluable insights to help you enhance your inventory management and boost your ecommerce operations.

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Magnus Mondays — The Procurement Data Paradox

CPO Rising

“Data is the new oil” has been spouted as a truism for a number of years. This is primarily due to the promises of all the nice things AI will do for us. But access to clean and correct data is a much more fundamental requirement than just enabling AI.

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Year-End Inventory Count Guide for Efficient Management with Finale Inventory | Ecommerce

Finale Inventory

As an ecommerce business owner, you know how important it is to stay on top of your inventory management. One of the most critical tasks you need to tackle at the end of each year is conducting a year-end inventory count. This comprehensive guide will help you understand the significance of a year-end inventory count and provide you with valuable tips and best practices to make the process as efficient as possible.

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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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How to Conduct an Effective Asset Audit with Finale Inventory | Ecommerce

Finale Inventory

An asset audit is an important process for any ecommerce business. It involves assessing and documenting the various assets owned by the company, including inventory, equipment, and other tangible resources. By conducting an asset audit, business owners and managers gain valuable insights into the current state of their assets, helping them make informed decisions and implement effective strategies to drive growth and profitability.

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Effective Strategies for Managing Consumables with Finale Inventory | Ecommerce

Finale Inventory

In ecommerce, effective inventory management is vital for success. If you run an online business that deals with consumables—products that are regularly used up and need to be restocked—having a reliable system in place is important. One such system that has gained popularity among ecommerce businesses is Finale Inventory. In this article, we will discuss the importance of inventory management in ecommerce, introduce the features and benefits of Finale Inventory, and outline strategies for manag