Thu.Jul 25, 2024

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The Great Supply Train Robbery

Art of Procurement

According to the New York Times, about 20 million containers move through the ports of Los Angeles and Long Beach. The post The Great Supply Train Robbery appeared first on Art of Procurement.

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Crews 'Racing Against Time' to Contain Oil Spill in Manila Bay

Supply Chain Brain

Massive waves brought on by typhoon rainfall reportedly sank the MT Terra Nova tanker on July 25, killing one crew member, with 16 others rescued.

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Sustainability reporting, ESG management roles on the rise: Deloitte

Supply Chain Dive

The accounting firm’s survey of 300 executives at public companies pointed to an increase in sustainability oversight as disclosure requirements mount.

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Lawsuit Claims Port of LA Has Flooded Bay With Wastewater for Years

Supply Chain Brain

The environmental group alleges that the port's pump station violated Clean Water Act discharge limits more than 2,000 times in the last five years.

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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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Orvis taps FourKites for deeper supply chain insights

Supply Chain Dive

The outdoor retailer is seeing reduced track-and-trace efforts, among other benefits, from the expanded partnership.

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MEDLOG Breaks Ground on New Multimodal Terminal Near Paris

Supply Chain Brain

MEDLOG's Inland Terminal Paris-Bruyeres project will add infrastructure to facilitate rail and barge transportation of goods across the Greater East and Paris region of France.

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Container Shipping Rates Dip for First Time in Months as Restock Rally Fades

Supply Chain Brain

The Drewry World Container Index composite of eight major trade lanes dropped 2.2% to $5,806 for a 40-foot unit, snapping a 12-week-long advance.

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GHSP adds VP to stabilize auto supply chain

Supply Chain Dive

Ludwing Vergara outlined a four-pronged approach that includes improved cost modeling and closer stakeholder collaboration.

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Podcast | An Urgent Call for a Domestically Sourced Biomanufacturing Supply Chain

Supply Chain Brain

The U.S. can’t have a vibrant “bio-based” manufacturing sector without an equally strong source of domestic materials to support it.

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Want Better Procurement Outcomes? Apply Game Theory

Arkestro

Resources / Blog / Want Better Procurement Outcomes? Apply Game Theory Want Better Procurement Outcomes? Apply Game Theory Even if you’ve never heard of game theory, if you’ve played a board game that requires strategic thinking, trades, or payoffs, you’ve undoubtedly used it before. For example, in chess, you’ve most likely sacrificed lesser valuable pieces like pawns in exchange for more strategic positioning to set yourself up for future moves.

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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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A New and Better Approach to Supply Chain Management Software Training

Supply Chain Brain

From user onboarding and ongoing training, to realizing the full value of your software, digital adoption platforms are an essential part of the future of SCM.

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The Ultimate Guide to the Main Purpose of Inventory Management for Businesses | Ecommerce

Finale Inventory

In business, managing inventory is vital for success. Whether operating a physical store or an online business, effective inventory management is necessary to meet customer demands, lower costs, and boost efficiency. This guide will outline the main purpose of inventory management for businesses, with a focus on the ecommerce sector. Continue reading to learn about the key components and technological advancements that can transform your inventory management practices.

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Quadient Smart Lockers for Package Deliveries Now in Use at 250 U.S. Colleges

Supply Chain Brain

Quadient estimates that its automated smart lockers serve more than 1.5 million students a year.

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Effective Medical Inventory Management: A Comprehensive Guide with Inventory List Template | Ecommerce

Finale Inventory

Effective medical inventory management is key for healthcare organizations to provide quality patient care, streamline operations, and minimize costs. This comprehensive guide covers the importance of medical inventory management, key elements of effective management, the structure of a medical inventory list template, best practices, and overcoming common challenges.

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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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Social Value – How does it link with schools, suppliers, and supply chains?

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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Equipment Maintenance Guide: 5 Key Types and Their Importance in Ecommerce

Finale Inventory

Equipment maintenance is vital for smooth operations and maximizing success in ecommerce. Proactively maintaining your equipment prevents breakdowns, optimizes performance, and enhances customer satisfaction. This guide covers five key types of equipment maintenance and their importance in ecommerce. Understanding the Importance of Equipment Maintenance in Ecommerce Proper maintenance minimizes downtime, reduces repair costs, and ensures consistent productivity, extending your equipment’s

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Which of these five solution providers IS successful?

Procurement Insights

Over the years, I have written extensively about the following five companies. To access my article archives of any of these providers, type their name in the search box. Each has a unique journey. That being said, how do you measure or quantify success? 2001 Zycus India (U.S.) $500M – $1B in revenue 1.5K+ employees on LinkedIn 2005 Unimarket New Zealand $10 – $20M in revenue 99 employees on LinkedIn 2006 Coupa United States $500M – $1B in revenue 3K+ employees on LinkedIn 2010

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Understanding Inventory Holding Costs: Formula and Definition

Finale Inventory

Inventory holding costs play a significant role in operating a successful ecommerce business. The expenses associated with holding inventory can greatly impact a company’s profitability. This article will cover the various components of inventory holding costs, how to calculate them, strategies to reduce these costs, and their effect on business profitability.

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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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In 52 seconds why ERP, SaaS, and AI Procurement Initiatives Fail

Procurement Insights

The origins of your procurement transformation initiative’s success or failure are not a secret—here it is in 52 seconds.

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Effective Inventory Management Strategies: How to Keep Track of Inventory with Finale Inventory | Ecommerce

Finale Inventory

Effective inventory management is key to the success of any ecommerce business. Without proper control and tracking of inventory, businesses can face significant challenges such as stockouts, overstocking, wasted resources, and dissatisfied customers. This article highlights the importance of inventory management in ecommerce and introduces Finale Inventory, a tool that can simplify and streamline your inventory management process.

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12 Powerful Female Keynote Speakers

Shapiro Negotiations Institute

Looking for a way to jolt your team? Check out our list of our standout female keynote speakers. While each comes from diverse backgrounds and industries, they share one thing: inspiring others. Each brings unique life experiences, insights, stories, and practical strategies to inspire your staff and spark new ideas. Whether you’re planning a conference or a team building event, these speakers will inspire the room to motivate everyone to push boundaries and achieve more than anyone though

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QR Codes vs. Barcodes: A Guide to Inventory Management with Finale Inventory | Ecommerce

Finale Inventory

Inventory management is a key element in running an ecommerce business. It ensures that products are adequately stocked, reduces the likelihood of stockouts, and helps streamline operations. Two widely used technologies for inventory management are QR codes and barcodes. This guide will cover the fundamentals of QR codes and barcodes, the technology behind them, their efficiency and accuracy, and how Finale Inventory supports both.

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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 is Negotiating Skills Training Relevant to Your Sales Career?

Shapiro Negotiations Institute

Advanced negotiation skills are essential when working in a sales environment. The tension can sometimes rise in situations in which parties feel they are not being heard, or they are not getting the best deal. In 2024, good communication skills are sometimes forgotten due to connections via technology. Sometimes it is important to get back to basics and revisit your negotiation skills.