Wed.Jun 26, 2024

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Watch: Can AI Help To De-Risk the Supply Chain?

Supply Chain Brain

Among the many benefits that artificial intelligence can bring to industry is to reduce risk in every link of the supply chain, says Jim Hayden, chief data scientist at Everstream Analytics.

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FedEx preps for $500M headwind after US Postal Service split

Supply Chain Dive

The delivery giant aims to aggressively reduce costs tied to air cargo operations following the contract's Sept. 29 expiration.

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Trending Sources

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Celebrating the Barcode’s Golden Jubilee

Supply Chain Brain

It's been 50 years since the first retail item was scanned with a Universal Product Code (UPC) barcode at checkout.

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Episode 171: Japan – A Silent Player in the Semiconductor Supply Chain with Kris Lance

Una

EPISODE 171 Japan: A Silent Player in the Semiconductor Supply Chain with Kris Lance By Kelly Barner | June 26, 2024 Most of us think about Taiwan, China, and – to some extent – the U.S. when it comes to semiconductor manufacturing… but Japan is just as critical. They are a primary (and dominant) supplier of semiconductor related chemicals, packaging materials, and tools.

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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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In-Kind Donation Can Be Key to Sustainability in Reverse Logistics

Supply Chain Brain

Making in-kind donations is good for the planet, good for the bottom line, and good from a public relations perspective.

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Is AI good or bad for public sector procurement?

Procurement Insights

“ With the vast amounts of external data that AI has access to, it can provide more information in real-time, which procurement teams can use to facilitate and improve their decision-making and bid writing.” – Arthur Cox LLP (April 24, 2024) In the context of the above text, what if AI recommendations to improve decision-making and bid writing in the public sector contradict policy and legislation?

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ONE, Port of Savannah launch India ocean service

Supply Chain Dive

The weekly route connects the fast-growing manufacturing hub to Georgia and New York.

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Norfolk Southern Takes Heat for Decision to 'Vent and Burn' Chemicals After Derailment

Supply Chain Brain

The NTSB said that Norfolk Southern's decision to "vent and burn" the chemicals in the derailed train cars was based on "misleading information.

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98% of suppliers want better communication

HICX

(London, 27 June 2024) HICX is announcing its Voice of the Supplier Survey 2024. The survey builds on its predecessor from 2021, which revealed that some of the world’s biggest businesses are making it hard for suppliers to do their best work. Keen to learn the state of affairs today, the Supplier Experience vendor set out to repeat the study. HICX surveyed 1,000 suppliers that serve large multinationals, typically those with more than $1 billion in revenue and which operate in the consumer pack

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Rise of Same-Day Shipping Drives 25% Increase in Global Air Freight Emissions

Supply Chain Brain

Just three operators — FedEx, UPS and Amazon Air — generated more than 27% of the industry's carbon emissions globally in 2023.

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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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How to Start a Strategic Sourcing Process (with My Proven 7-Step Plan)

Art of Procurement

If you work in procurement, you’ve probably seen many variations of a strategic sourcing process. With so many options available, The post How to Start a Strategic Sourcing Process (with My Proven 7-Step Plan) appeared first on Art of Procurement.

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Boeing Faces New Whistleblower Claims of Lapses on Some 787 Jets

Supply Chain Brain

Mechanic Richard Cuevas claimed he observed “substandard manufacturing and maintenance practices” on the 787’s forward pressure bulkhead.

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How to Create a Category Profile for Strategic Sourcing

Art of Procurement

One of the first things you need to do in a new strategic sourcing project is to assess the internal. The post How to Create a Category Profile for Strategic Sourcing appeared first on Art of Procurement.

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Taming the Dragon of Returns

Supply Chain Brain

Retailers hate returns; consumers need them. Is it possible to reconcile the two?

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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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Dermaclara Gets an Inventory Glow-Up with Finale

Finale Inventory

Key results: automation and integration lead to time and money saved Consolidated ledgers: 10+ hours of inventory reporting saved per month Real-time data and custom reporting: Cost of Goods Sold (COGS) figures can now be calculated monthly instead of their previous quarterly cadence FBA and QuickBooks integration : Streamlined workflows with seamless integration for their fulfillment by Amazon (FBA) operations and QuickBooks accounting software.

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TrusTrace AI Tool Lets Companies Assess Supply Chains for Forced Labor

Supply Chain Brain

TrusTrace's Forced Labor Prevention tool has traced more than two million purchase orders to date, while mapping over 55,000 suppliers and facilities.

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Arkestro Advisory Council: Logistics

Arkestro

Webinars / Arkestro Advisory Council: Logistics Arkestro Advisory Council: Logistics With thought leaders from Accenture and a live case study with GAF. Summary: Advisory council members discuss the challenges and strategies surrounding logistics in procurement. They explore how effective competitive bidding and the use of AI-driven tools can significantly enhance operational efficiency and cost-effectiveness.

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A Comprehensive Guide to ABC Analysis with Practical Examples

Finale Inventory

Welcome to our comprehensive guide to ABC analysis in the world of ecommerce! In this article, we will explore the basics of ABC analysis, its importance, and its role in inventory management. We will also discuss the steps to implement ABC analysis, its benefits in ecommerce, as well as common challenges and solutions associated with this approach.

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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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Negotiations Ninja: Building Stronger Businesses Across Canada

Negotiations Ninja

This Canada Day, we’re celebrating the spirit of collaboration, ingenuity, and resilience that defines our great nation. At Negotiations Ninja, we’re proud to be a part of that spirit, equipping businesses across Canada with the skills to navigate complex conversations and achieve win-win outcomes.

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Practical Steps for Schools & Suppliers to Meet the DfE Sustainability & Climate Strategy

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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Empowering Businesses: The Benefits of Supply Chain Certification

Skill Dynamics

Finding skilled professionals to manage complex marketplace networks is a challenge Skill Dynamics often see in businesses we speak to. We equip individuals and organizations with the knowledge and expertise they need as a solution – both to optimize their supply chains and empower their businesses to thrive. The global supply chain management market size is projected to hit around USD 72.1 billion by 2032.

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FTSE 250 Client – Manufacturing – Private Sector

Barkers Procurement

The client needed support to build cohesive plans to drive delivery of their flagship E2E supply chain programme which was initiated in order to ensure that the global supply chain is fit for the future and in alignment with the overall client’s strategy. Several capabilities are being delivered covering the entire scope of the E2E supply chain which will align the capabilities of the client to other best-in-class, fast moving consumer goods companies.

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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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10 Steps For Creating An eLearning Project Plan From Scratch

Skill Dynamics

Supply chain and procurement leaders are continually tasked with planning an eLearning project. Here at Skill Dynamics, we take great pride in our methodical approach to supporting eLearning project planning. We’re dedicated to empowering procurement and supply chain teams to be successful in their roles, and our eLearning courses offer a scalable and affordable way to upskill your team through tailored supply chain management education.

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Procurement News — June 26, 2024

CPO Rising

Welcome to Procurement News, part of our ongoing aggregate news series covering recent supply management headlines and trends pertinent to Chief Procurement Officers and other procurement leaders! Contact us with your news story here.