Thu.Sep 19, 2024

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Evaluating India as a Viable Alternative to China

Art of Procurement

“Folks from Dell to HP to Nike to Hasbro to Sony to Apple to Google to Goldman, they’re all looking. The post Evaluating India as a Viable Alternative to China appeared first on Art of Procurement.

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Spend Matters releases the Fall 2024 SolutionMap Insider featuring 93 procurement technology solutions and TPRM module launch

Spend Matters

Today Spend Matters is delighted to announce the release of its Fall 2024 SolutionMap and TechMatch SM procurement technology rankings, which include 93 procurement technology vendors. Known as the most data-centric functionality assessment of procurement technologies in the industry, SolutionMap Insider put these 93 procurement technology vendors through rigorous functionality and capability assessments via 500+ RFI requirements across 15 kinds of procurement technology solutions, with mandator

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‘One day is too long’: Businesses fret over potential port shutdown

Supply Chain Dive

Executives are sounding the alarm that disruption at East Coast and Gulf Coast ports could have severe ripple effects.

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Modeling Piece Price Comparisons for Local and Regional Suppliers Versus Low-cost Country Initiatives

SCMDOJO

As a procurement officer, you’ve possibly been in the crosshairs of debate between sourcing locally and regionally versus from low-cost countries endorsed by many executive staff and boards of directors. Every time I was requested to have a target percentage of our purchases from low-cost countries I felt a pit in my stomach. I worried whether I could successfully convey the message that even with the great prices, the total cost for the parts would be more than what it would cost to source l

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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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Effective Small Business Hiring Strategies for 2025 | Ecommerce

Finale Inventory

In today’s rapidly changing ecommerce landscape, staying ahead is essential for small businesses. As 2025 approaches, hiring strategies will play an even more critical role in building strong teams capable of adapting to the latest trends. To succeed, business owners need to focus on the future of ecommerce and plan for effective staffing to meet the growing demands of the industry.

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Coursera Supply Chain Courses vs. SCMDOJO Courses: A Comprehensive Comparison

SCMDOJO

At a time when businesses are evolving at a rapid pace, the significance of supply chain management continues to grow, becoming an essential part of operations for companies around the globe. As a result, many professionals and aspiring supply chain enthusiasts are seeking educational opportunities to enhance their skills and knowledge. Two platforms that stand out in this field are SCMDOJO academy and Coursera supply chain courses , among many others.

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U.S. Warns Allies Russia Seeking to Disrupt Cargo Shipping Firms

Supply Chain Brain

Russian intelligence targeted several European countries with sabotage attacks, often by hiring local criminals, officials previously told Bloomberg News.

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DOJ sues ship owner for $100M over Baltimore bridge collapse

Supply Chain Dive

The Justice Department alleged negligence by Dali’s owner and manager in court documents filed Wednesday, and said it intends to seek additional punitive damages.

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Amazon Launches End-to-End Supply Chain Services for Sellers

Supply Chain Brain

The service will be available for U.S. sellers for domestic pickups starting in October, and then for global pickups sometime before the end of the year.

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Fed cuts main rate by half point, voices confidence inflation falling

Supply Chain Dive

The central bank trimmed borrowing costs from a two-decade high after policymakers noted their growing concern about softening in the labor market.

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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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Podcast | Inventory Management: For SMBs, a Delicate Balancing Act

Supply Chain Brain

In an uncertain economy, how are small to medium-sized businesses tackling the challenge of inventory management?

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Enough with “Off The Record” Comments!

Procurement Insights

As I had indicated in the article below, I reached out to ORO Labs for comments. Unfortunately, I ran into the old “Off The Record” wall (or Stonewall). Here is my reply to Emily Rakowski , the Chief Marketing Officer for Oro Labs. (By the way, I had initially contacted Lalitha Rajagopalan – Oro’s Co-Founder, who immediately transferred me to Emily.

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The Revolutionary Role of AI in the Manufacturing Sector

Supply Chain Brain

As AI continues to spread throughout the manufacturing sector, its impact will only intensify.

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Common Mistakes in Sales Persuasion and How to Avoid Them

Negotiations Ninja

Sales persuasion is a necessary skill for any sales professional. It’s about influencing potential buyers and guiding them towards a favourable decision. However, many salespeople make common mistakes that hinder their persuasive abilities. Let’s explore some of these errors and how to avoid them, ultimately boosting your sales success.

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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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Questions Swirl Over Supply Chain Breach Behind Exploding Pager Attack in Lebanon

Supply Chain Brain

Officials have said that the pagers were originally ordered from Taiwanese manufacturer Gold Apollo.

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Effective Inventory Management Strategies for Small Businesses with Finale Inventory | Ecommerce

Finale Inventory

Managing inventory effectively is important for the success of any small business, especially in the competitive world of ecommerce. In this article, we’ll cover the significance of inventory management and how utilizing Finale Inventory can help small businesses overcome common challenges. We’ll also discuss key features and benefits of Finale Inventory, as well as strategies for setting up and measuring the success of your inventory management.

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Claire Mandell on Empowering Other Women In Supply Chain™

Let's Talk Supply Chain

We talk a lot about the latest supply chain disruptions—they are constant—and how to combat them with diversity in thought and representation. Volatility and staying fast and flexible with changing market, geopolitical, and environmental conditions will always be a hallmark of manufacturing and logistics, but researchers are examining how to tamp down industry chaos in the future, and now is the perfect time.

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Optimizing Inventory Tracking for Large Teams with Finale Inventory | Ecommerce

Finale Inventory

Inventory tracking plays a key role in the success of any ecommerce business. For larger teams, having a reliable and efficient inventory management system is even more critical. Finale Inventory provides powerful features designed specifically for large teams. In this article, we will look at the importance of inventory tracking in ecommerce, the challenges large teams face, and how Finale Inventory can optimize the process.

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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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CSCMP Edge 2024

Arkestro

CSCMP Edge 2024 Empowering supply chain leaders worldwide with the ultimate conference experience.  Gaylord Opryland Resort & Convention Center 2800 Opryland Drive, Nashville, Tennessee 37214 } Sunday, September 29 – Tuesday, October 1 Featured Content Arkestro Advisory Council: Logistics Watch now Notable attendees: Edmund Zagorin Founder & CSO, Arkestro LinkedIn Bill Patzer Senior Account Executive, Arkestro LinkedIn Chase Williams Account Executive, Arkestro LinkedIn What to ex

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Demand Forecasting: A Complete Overview of Types, Methods, and Trends | Ecommerce

Finale Inventory

Demand forecasting is key to the success of ecommerce businesses. By accurately predicting customer demand, online retailers can optimize their inventory management, streamline their supply chain, and enhance overall business performance. This article provides a complete overview of the different types of demand forecasting, discusses various methods used in this practice, and examines the emerging trends in the industry.

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Bullwhip Effect: How Does It Affect Supply Chain Management?

SCMDOJO

In supply chain management, the bullwhip effect occurs when slow-moving consumer demand at the retail level produces significant fluctuations in production at the manufacturer and supplier levels. Hence, it’s also referred to as demand amplification. One real-world example of the bullwhip effect is the sudden high demand for toilet paper amid the peak of the COVID-19 pandemic.

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Effective Inventory Control Strategies for Businesses with Finale Inventory | Ecommerce

Finale Inventory

Maintaining effective inventory control is vital for businesses operating in the ecommerce sector. By implementing the right strategies and utilizing the right tools, such as Finale Inventory, businesses can optimize their inventory management processes and experience improved productivity and profitability. Understanding Inventory Control in Ecommerce Inventory control plays an important role in the success of any ecommerce business.

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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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Survey: Porch Pirates Are Undermining Consumer Trust With Retailers

Supply Chain Brain

Nearly half of consumers said stolen packages damaged their relationship with a retailer, while 37% said they were deterred from shopping with that brand again.

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6 Key Inventory Management Tips for Challenging Times | Ecommerce

Finale Inventory

In the ecommerce industry, effective inventory management is vital for success, especially during difficult periods. Whether dealing with supply chain disruptions, managing overstock and understock, or handling seasonal demand shifts, keeping inventory well-organized is essential. This article covers why inventory management is important in ecommerce, offers tips to improve it, and discusses future trends.

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Outsmarting Business Extinction: Insights from Aristeidis Zervas

Procurement Express

In a rapidly evolving business landscape, organizations face the constant threat of extinction. To survive and thrive, companies must adapt and explore new avenues for growth. One of the most effective strategies is through mergers and acquisitions (M&A). In this article, we delve into the insights shared by Aristeidis Zervas, Chief M&A and Investment Officer at KLEEMAN, as he discusses the intricacies of navigating the acquisition process and the importance of cultural fit.

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6 Effective Strategies for Enhancing Inventory Management with QR Codes | Ecommerce

Finale Inventory

Inventory management is a key element of running a successful ecommerce business. It involves monitoring your stock, ensuring products are available, and optimizing warehouse organization. One effective tool that can significantly improve your inventory management is QR codes. These small, square barcodes can be scanned with a smartphone or a QR code reader to provide instant access to information or actions.

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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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Shifting Gears for Innovation: Insights from Lucian Moroeanu

Procurement Express

In the fast-paced world of business, innovation is often at the forefront of success. This is especially true in the finance sector, where digital transformation can unlock new avenues for efficiency and growth. Lucian Moroeanu, the Head of Renault’s Digital Finance Software Development Hub in Romania, shares his insights on how Renault is navigating this transformation.

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Effective Small Business Expense Tracking with Finale Inventory | Ecommerce

Finale Inventory

Running a small business requires careful financial management, especially when it comes to tracking expenses. Without an effective system in place, it’s easy for costs to spiral out of control or for important expenses to be overlooked. That’s where Finale Inventory comes in. This powerful tool helps small businesses efficiently track expenses , streamline operations, and improve overall financial management.

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East and Gulf coast port strikes: A shipper’s guide

Supply Chain Dive

U.S. West Coast, Canada and Mexico ports are seen as viable alternatives if a threatened strike becomes reality on Oct.

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