Wed.Jun 26, 2024

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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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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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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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Port of Charleston Terminal to Reopen After Years-Long Labor Dispute

Supply Chain Brain

The dispute dates back to the opening of the terminal in 2021, when SC Ports attempted to use non-union state employees as crane operators.

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How a Global CPG Leader Optimized $500M of Direct Materials Spend and Exceeded Savings Goal

A Fortune 500 CPG company partnered with GEP to improve end-to-end category management, optimize direct spend categories, and increase strategic focus on tail spend. GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supply chain resilience and agility.

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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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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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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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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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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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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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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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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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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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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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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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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

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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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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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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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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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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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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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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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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.

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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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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.