Supply Chain Brain
AUGUST 14, 2024
The concept behind Foreign-Trade Zones (FTZs) is not hard to grasp — they act as secured places for receiving cargo into the U.S. without incurring tariffs, yet. Then, there are multiple ways those tariffs can be reduced. And yet, many companies are failing to make the most of FTZs to reduce costs, because they’re intimidated by the legal and organizational hurdles.
Supply Chain Dive
AUGUST 14, 2024
The latest action by CN impacts U.S. originating intermodal railcars destined for Canada, while CPKC will discontinue domestic reefer shipments.
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Supply Chain Brain
AUGUST 14, 2024
Staring down the looming threat of a work stoppage at East/Gulf Coast ports, retailers have opted for earlier shipping schedules in 2024.
Procurement Insights
AUGUST 14, 2024
EDITOR’S NOTE: 75% of all solution providers will be gone by the end of 2025. Based on the above post, I was asked to provide a high-level overview of my take on the pending AI Bubble Burst and identify three companies I thought would emerge relatively unscathed and whole. As I am not generally a fan of the M&A game—or, as I call it, market share grabs to boost portfolios with replaceable parts, e.g., solution providers—I could not ignore the timing of the Jaggaer acquisition.
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Supply Chain Brain
AUGUST 14, 2024
Global investors are lasered onto China’s struggling economy, even as they also contemplate the possibility of a recession in the U.S.
Supply Chain Dive
AUGUST 14, 2024
More than 90% of respondents said they were “making more efforts to map and understand” their supply chain, including fiber and yarn sourcing.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Supply Chain Dive
AUGUST 14, 2024
The collaboration will help the company's Overstock brand maintain its asset-light supply chain, according to President Dave Nielsen.
Supply Chain Brain
AUGUST 14, 2024
Procurement teams need to recognize their role in allowing service levels to fall, and to rethink how they approach their supplier relationships.
Procurement Freelancers
AUGUST 14, 2024
Businesses must make the strategic decision to source locally or globally for their procurement needs… The post Global vs. Local Sourcing: A Procurement Team’s Guide to the Ups and Downs first appeared on Procurement Blog | Procurement & Supply Chain News.
Supply Chain Brain
AUGUST 14, 2024
Warehouse workers are essential for any distribution company. And yet it can be difficult to attract and retain talent in today’s scarce labor market.
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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.
The Good Spending
AUGUST 14, 2024
In our earlier posts, we discussed the applications of NPV analysis and opportunity cost. Now, we have developed a business case to present the combined use of both methods. Base Scenario: Upgrade of a Key Component This business case evaluates the financial implications of upgrading a key component in a new product line over 3 years. The focus is calculating the Net Present Value (NPV) of such an upgrade and comparing it with alternative investment opportunities.
Supply Chain Brain
AUGUST 14, 2024
Fleetio estimates that nearly a quarter of its users speak Spanish. Now, those users can submit inspections, and complete work orders in their native language.
Art of Procurement
AUGUST 14, 2024
If you work in procurement, it’s hard to avoid the topic of technology. Most procurement organizations have gone through decade-long. The post What is Procurement Technology? The Definitions, Trends, and Tools you Should Know appeared first on Art of Procurement.
Supply Chain Brain
AUGUST 14, 2024
Are you curious about how Ulta Beauty, the largest beauty retailer in the U.S., revolutionized their distribution centers?
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
Negotiations Ninja
AUGUST 14, 2024
Negotiation is an important skill that permeates all aspects of life, from sealing a major business deal to resolving a family dispute. At the heart of successful negotiations lies the ability to influence and persuade others. These skills enable us to effectively communicate our needs, understand the perspectives of others, and reach mutually beneficial agreements.
Supply Chain Brain
AUGUST 14, 2024
The deal will also include wing and maintenance work, with Rolls-Royce estimating that the engines will cut emissions by 14%.
Finale Inventory
AUGUST 14, 2024
In the fast-paced ecommerce industry, efficient inventory tracking is critical for managing and optimizing your business. Without a reliable system, you risk stockouts, excess inventory, unhappy customers, and reduced profitability. Remote inventory management can help. By utilizing technology and tools like Finale Inventory, you can streamline operations and gain a competitive advantage.
Barkers Procurement
AUGUST 14, 2024
IT Procurement within financial services (FS) represents a complex mix of functions, requirements, stakeholders, suppliers and arduous process and governance underpinned by a need for regulatory compliance and an inherent focus on 3 rd party risk management and operational resilience. In addition, the nature of the market, particularly within the banking sector is changing significantly.
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.
Finale Inventory
AUGUST 14, 2024
As ecommerce continues to grow, efficient inventory management is critical for the success and profitability of businesses. Traditional inventory management methods often struggle to provide accurate real-time data and streamlined processes. Visual inventory management offers a new approach, revolutionizing the way businesses manage their inventory.
CPO Rising
AUGUST 14, 2024
CPO Rising’s Technology Round-Up series continues this week with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend… The post Technology Round-Up — August 14, 2024 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Finale Inventory
AUGUST 14, 2024
Efficient asset management is key for success in ecommerce. As inventory complexity grows, accurate tracking becomes increasingly important. Finale Inventory’s asset management spreadsheet template offers a reliable solution to enhance your ecommerce operations. Importance of Asset Management in Ecommerce Ecommerce businesses manage various assets like inventory, equipment, and digital resources.
Procurement Insights
AUGUST 14, 2024
EDITOR’S NOTE: Today’s post was orginally going to be a follow-up to yesterday’s post AI Tells Us How Five Solution Providers’ AI Can Help The LCBO During A Rail Strike. However, based on a question I received in the the corresponding LinkedIn discussion stream , we are going to go in a different direction today? You should use the previous link to join what is a very energized and insightful discussion by some of our industry’s top thinkers – in short, come on in,
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Finale Inventory
AUGUST 14, 2024
Hospital supply chain management plays a key role in the efficient operation of healthcare organizations. In an industry where patient care is paramount, having a well-managed supply chain is important for ensuring timely delivery of medical equipment, medications, and other necessary supplies. This article outlines six effective strategies that hospitals can implement to streamline their operations and improve patient outcomes.
Supply Chain Brain
AUGUST 14, 2024
Both CN and CPKC began to embargo shipments of toxic chemicals such as chlorine and ammonia on August 12.
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