Mon.Sep 23, 2024

article thumbnail

CPO Crunch: Stories > numbers

Procurement Leaders

A few years ago, I had a conversation with Gregoire Letort, the then CPO of Electrolux, who talked about how, when it comes to justifying investment in supplier innovation programmes, success comes down to storytelling rather than building robust business cases. His argument made sense for a number of reasons. First, supplier innovation is a no-brainer if you start with a reminder that the capability, knowledge and intellectual property that exists within the supply base far outstrips that of an

article thumbnail

The amazing supply chain of Walmart

All Things Supply Chain

Walmart is, with nearly $611.298 billion in fiscal year 2023, the biggest grocery chain in the United States. With over 10.400 stores worldwide, including 5.300 in the U.S.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

'A Perfect Storm': Supply Chains Brace for Looming Strike at U.S. Ports

Supply Chain Brain

If East and Gulf Coast ports are forced to shut down, the U.S. could see inventory shortages, higher costs at grocery stores, and months-long container backlogs.

article thumbnail

FedEx program holds packages if there’s a next-day match

Supply Chain Dive

The initiative won't impact on-time shipments, but it will allow the carrier to increase the number of deliveries it makes per stop, CEO Raj Subramaniam said.

131
131
article thumbnail

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.

article thumbnail

Optimizing Supplier Onboarding: A Step-by-Step Guide with Efficient PDF Management

SCMDOJO

Ever felt overwhelmed by paperwork in supplier onboarding? Managing documents, contracts, and certifications can be hard. Luckily, good document management, like using PDFs, helps a lot. But how can you organize these documents better for onboarding? Here’s a simple guide to help. Later you can learn why it’s important to combine PDFs into one document.

article thumbnail

Workday to acquire Evisort: M&A rapid analysis

Spend Matters

Earlier this week, Workday announced its agreement to acquire Evisort, a contract lifecycle management (CLM) provider, for an undisclosed amount. According to the press release, the acquisition will enable Workday to add AI-powered document intelligence solutions across its finance and HR suite. How might the acquisition of Evisort factor into Workday’s plans, and what might this reveal about the CLM market?

More Trending

article thumbnail

U.S. Proposes Ban on Chinese-Made Software in Cars

Supply Chain Brain

Although Chinese-made software isn't common in American cars, the proposal is seen as a "targeted, proactive" move, said U.S. commerce secretary Gina Raimondo.

96
article thumbnail

US seeks to limit China, Russia’s role in connected vehicle supply chains

Supply Chain Dive

The Department of Commerce is proposing a new rule that would prevent suppliers from those countries to participate in U.S. connected vehicle supply chains.

article thumbnail

Boeing Offers Union 30% Wage Hike in Bid to End Strike

Supply Chain Brain

Roughly 33,000 Boeing workers have been on strike since September 13, idling the planemaker’s main jetliner factories near Seattle.

Bidding 104
article thumbnail

There is still time to prepare for a busy shipping season

Supply Chain Dive

Logistics experts say that the strategies applied during the holiday rush should also carry through into 2025.

Logistics 110
article thumbnail

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.

article thumbnail

First Ever Ammonia-Powered Ship Takes Maiden Voyage

Supply Chain Brain

The ship uses what's known as "green ammonia" as its fuel source, which is commonly found in fertilizers and is manufactured using renewable energy.

article thumbnail

Cold chain on the brain? 3 Key challenges for last mile distribution

Supply Chain Dive

Tackling compliance, distribution and route planning—top solutions for cold chain last-mile success.

110
110
article thumbnail

Embracing AI in Retail Supply Chains: A Call to Action

Supply Chain Brain

Inaction on AI adoption isn’t just risky—it's potentially catastrophic for retailers aiming to remain competitive in today's fast-paced market.

article thumbnail

Global supply chain compliance with data privacy regulations

Supply Chain Dive

Aratum’s robust, easy-to-use platform helps your supply chain stay resilient and scalable as you grow.

article thumbnail

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

article thumbnail

Udemy Supply Chain Courses Vs. SCMDOJO: Your Supply Chain Learning Guide

SCMDOJO

Are you pondering over which online platform to choose for advancing your supply chain management skills? If you’re a supply chain management professional or an aspirant, this comparative analysis between Udemy Supply Chain courses and SCMDOJO might just be the guide you need. Introduction to SCMDOJO and Udemy’s Offerings As a supply chain graduate eager to delve deeper into advanced topics within the realm of supply chain management, my experience with SCMDOJO has been truly enlight

article thumbnail

How a Meta supply chain lead cashed in at the 2024 World Series of Poker

Supply Chain Dive

Jordan Griff bet big on his skills as a planning expert to finish as the Main Event runner-up.

article thumbnail

Avoid These 10 Small Business Inventory Mistakes to Protect Your Company with Finale Inventory | Ecommerce

Finale Inventory

Managing inventory is a vital part of running a successful small business. With the right inventory management system in place, you can ensure that your products are always available to meet customer demand while also minimizing the costs associated with excess or obsolete stock. However, many small businesses make common inventory mistakes that can negatively affect their operations.

article thumbnail

What Is Enterprise Contract Management and Do You Need It?

ContractSafe

Are your enterprise contracts a sprawling landscape of fragmented information scattered across disparate systems and buried in endless email threads? Do missed deadlines, hidden risks, and revenue leakage keep you up at night?

article thumbnail

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.

article thumbnail

Effective Inventory Organization Strategies with Finale Inventory | Ecommerce

Finale Inventory

In the realm of ecommerce, effective inventory organization is vital for success. Without proper organization strategies, businesses can encounter stockouts, overstocking, and inefficient order fulfillment processes. That’s where Finale Inventory comes in. With its robust features and user-friendly interface, Finale Inventory is the ideal tool for streamlining your inventory organization.

article thumbnail

Do you need full-lifecycle CLM?

ContractSafe

A lot of contract lifecycle management (CLM) software is created for large companies with very high contracting volumes and full contract lifecycle needs — from drafting a contract to contract renewal. Most businesses don’t need these capabilities and can’t afford these larger solutions. They do not generally draft their own contracts — they’re often the ones signing contracts created by external third-party vendors.

article thumbnail

Inventory Spreadsheet Templates

Finale Inventory

Whether you are a small business owner or managing a large ecommerce operation, having an effective inventory management system is vital for success. Inventory spreadsheet templates, such as those provided by Finale Inventory, can help streamline your inventory tracking and order management processes, allowing you to focus on growing your business. This article discusses the significance of inventory spreadsheet templates, the key features of Finale Inventory, integrating inventory templates wit

article thumbnail

Can great tech overcome poor communication and collaboration within a company?

Procurement Insights

In a recent post by Shaun Syvertsen that “Procurement only gets 17% of their technology funding approved, James Marland shares it is because “most people don’t know how to effectively communicate their ideas.” In May 2020, I wrote a LinkedIn post asking the question, Can Procurement Collaborate Outside of a Crisis? in which I cited Kate Vitasek’s famous Minnesota I35-W bridge collapse rebuild story – [link] (see image below).

article thumbnail

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.

article thumbnail

Effective Strategies for Managing Equipment Inventory with Finale Inventory | Ecommerce

Finale Inventory

In ecommerce, managing equipment inventory efficiently is key to success. A strong inventory management system streamlines operations and ensures seamless order fulfillment and customer satisfaction. Finale Inventory is a solution that has gained popularity among ecommerce businesses. This article covers the importance of equipment inventory management, the features and benefits of Finale Inventory, as well as strategies for optimizing inventory management processes and future trends in this fie

article thumbnail

SIG Global Executive Summit: Fall 2024

Arkestro

SIG Global Executive Summit: Fall 2024 A 3-day event packed with the latest best practices, cost-cutting strategies, innovative processes and risk-mitigation approaches.  Omni Rancho Las Palmas Resort: Rancho Mirage, CA } October 7 – 9, 2024 Featured Content From 100 to 1000 CPO eBook Read more Notable attendees: Edmund Zagorin Founder & CSO, Arkestro LinkedIn Caroline Cioe SVP of North American Sales, Arkestro LinkedIn Eric Thune Senior Account Executive, Arkestro LinkedIn Bill Seagr

article thumbnail

Best Inventory Tracking App for Small Businesses: A Comprehensive Guide | Ecommerce

Finale Inventory

In a competitive business environment, it’s critical for small businesses to effectively manage their inventory. The success of these businesses heavily depends on their ability to track and manage their stock in real-time. This comprehensive guide aims to help small businesses understand the value of inventory tracking and identify the best inventory tracking app for their needs, with a special focus on the role of ecommerce.

article thumbnail

Are we to ChatGPT what Monkeys on Typewriters are to Shakespeare?

Procurement Insights

“If you let a monkey hit the keys of a typewriter at random an infinite amount of times, eventually the monkey will type the entire works of Shakespeare.” – The Infinite Monkey Theorem. Over the past couple of weeks, I have been experimenting with ChatGPT. You should know that I view ChatGPT as a more advanced, real-time version of my old Funk & Wagnalls and Google.

article thumbnail

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.

article thumbnail

427: Leverage Technology to Automate Supplier Data Validation and Mitigate Risk, with Relish

Let's Talk Supply Chain

 Today I’m joined by innovative software brand, Relish. They’ve done the development, so you don’t have to; and they’re asking you to say ‘no’ to expensive middleware, because they’ve got the connection ready to go! Relish apps strategically extend enterprise applications to maximize investment. With an understanding of enterprise software gaps and challenges, Relish is obsessed with building a scalable solution to remedy them, to simplify the complex and bridge those gaps.

Data 52
article thumbnail

Magnus Mondays — The Supplier Management Tech Series — Part 4: Supplier Risk Management

CPO Rising

In our series on supplier management, we have now come to supplier risk. This is one of the most complex areas in the entire procurement technology space because risk management… The post Magnus Mondays — The Supplier Management Tech Series — Part 4: Supplier Risk Management appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

article thumbnail

Humanitarian Supply Chains: Overcoming Challenges and Making a Difference

SCMDOJO

In today’s interconnected world, humanitarian supply chains play a vital role in responding to crises and ensuring that aid reaches those in need. Dedicated To All Humanitarian Aid Workers… We will delve into the unique characteristics that distinguish humanitarian supply chains from commercial ones and examine the strategies employed to overcome these challenges.