Wed.Jun 26, 2024

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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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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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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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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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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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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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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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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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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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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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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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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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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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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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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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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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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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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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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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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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From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

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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.