Tue.Jul 23, 2024

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Watch: Getting a Grip on Supply Chain Visibility

Supply Chain Brain

Abe Eshkenazi, chief executive officer of the Association for Supply Chain Management (ASCM), discusses the challenge of achieving true end-to-end visibility across global, multi-tier supply chains.

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How To Avoid And Reduce Machine Downtime

SCMDOJO

Machine downtime is a thorn in the side of your business, and it unfortunately happens more than you think. Did you know that over 83% of businesses experienced unplanned downtime in the last year? Machine downtime inconveniently halts production, causes stress, and can be avoided with proper planning. Keep reading as we discuss how you can avoid and reduce machine downtime to ensure no unexpected and stressful hiccups in your manufacturing process.

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Kroger Q1 delivery sales boosted by automation

Supply Chain Dive

The grocer is recommitting to automation tech after improved e-commerce results in its most recent fiscal quarter.

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As Regulators Pause, Supply Chain Managers Move Forward with Climate Reporting

Supply Chain Brain

While the SEC’s recent rule remains tangled up in legal challenges, major corporations are moving forward with voluntary climate reporting through their supply chains.

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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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5 Game-Changing Benefits of Strategic Purchasing

Procurement Freelancers

Suppose you discover a key that can transform the way your business acquires the products.… The post 5 Game-Changing Benefits of Strategic Purchasing first appeared on Procurement Blog | Procurement & Supply Chain News.

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Workers Who Reported Abuse from Essential Oil Supplier Say They've Faced Retribution

Supply Chain Brain

Women who sorted resin for the Somaliland supplier claimed that they would work 12-hour days, six days a week, in facilities with no toilets or running water.

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Southwest Airlines Faces FAA Audit Over Safety Incidents

Supply Chain Brain

The move underscores the heightened attention on airline safety this year, with headline-grabbing incidents from multiple carriers.

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ASCM launches supplier relationship certificate

Supply Chain Dive

The program aims to help supply chain professionals build stronger connections as a method for mitigating risk.

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Grocery Chain Kroger to Ramp Up Automation at Distribution Centers

Supply Chain Brain

Kroger plans to use Ocado's robotic picking arms to move groceries off of nearby shelves into bags for online customer orders.

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Elon Musk: CrowdStrike outage caused ‘seizure’ for auto supply chain

Supply Chain Dive

Tesla has deleted the cybersecurity software off all of its systems, the CEO said on the social platform X.

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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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'Huge Opportunity' for Last Mile, Drayage Fleets in Transition to EVs

Supply Chain Brain

Telematics company Geotab tracked an 81% increase in EV adoption among U.S. commercial fleets between 2022 and 2023.

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How to Calculate Cost Price: Easy Formula Guide for Small Businesses | Ecommerce

Finale Inventory

In ecommerce, it’s important for small businesses to understand their cost price. Knowing how to calculate cost price accurately is key for determining profitability and setting prices that ensure a strong financial outcome. This guide covers the importance of calculating cost price, the basic formula, detailed calculation steps, and tips for accuracy.

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What is modern slavery and how does it link with schools, businesses, and their supply chains?

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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6 Motivational Quotes to Help You Get Organized with Finale Inventory | Ecommerce

Finale Inventory

In the fast-paced realm of ecommerce, effective inventory management is a key element for success. Without proper organization, businesses can quickly become overwhelmed and struggle to keep up with demand. However, with the right tools and mindset, you can streamline your operations and achieve optimal efficiency. To assist you in this process, we have compiled a list of six motivational quotes that will inspire you to get organized with Finale Inventory.

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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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AOP Introducing… Suppeco

Art of Procurement

In this episode of AOP Introducing, Helen Mackenzie speaks with Sheldon Mydat, CEO and Founder of Suppeco, about the company’s. The post AOP Introducing… Suppeco appeared first on Art of Procurement.

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Analyzing Inventory on a Balance Sheet: A Detailed Guide by Finale Inventory | Ecommerce

Finale Inventory

In finance and business, understanding inventory is important for effective decision-making. Whether you’re an ecommerce entrepreneur, a financial analyst, or just curious about balance sheets, this guide will provide you with a thorough look at inventory and its impact on financial statements. With Finale Inventory, a leading inventory management software, we will examine the details of inventory analysis and give you the knowledge to make informed business decisions.

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How will Tech Impact L&D? - Jonathan O'Brien from Positive Purchasing

The Procuretech Podcast

This week on The Procurement Software Podcast, host James Meads sits down with Jonathan O'Brien, Founder and CEO of Positive Purchasing. The conversation explores the transformative influence of technology on procurement training and learning. Jonathan, renowned for his podcast, The Procurement Show, as well as being a serial author of procurement textbooks, brings a polished, radio-inspired approach to the conversation.

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Effective Inventory Management in Excel: Tips from Finale Inventory | Ecommerce

Finale Inventory

Inventory management is fundamental to the success of any ecommerce business. With the right tools and techniques, you can streamline your operations, reduce costs , and enhance customer satisfaction. Excel, a widely used spreadsheet software, offers a versatile platform for managing inventory. This article presents effective inventory management strategies using Excel, with insights from Finale Inventory, a leading inventory management solution for ecommerce businesses.

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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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Is it time for providers to tell practitioners NO!

Procurement Insights

“What we need is a return to the old-fashioned, roll-up-your-sleeves sales professional who doesn’t rely on virtual paraphernalia but works hard at building relationships, listening, and understanding more and talking less, and ultimately solving the problems that matter to clients rather than what aligns with the “solution” they are selling. Here is the link to my fourth in a series of short videos regarding how I landed multimillion contracts with nary a brochure, website, or, for that m

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Perpetual Inventory vs. Physical Inventory: Key Differences Explained | Ecommerce

Finale Inventory

In the ecommerce sector, inventory management is pivotal for smooth operations and customer satisfaction. Two prevalent inventory methods are perpetual inventory and physical inventory. Recognizing the differences between these methods is important for making an informed choice about which approach suits your ecommerce business. Understanding Inventory Management in Ecommerce Ecommerce businesses rely on inventory management to track stock levels accurately and efficiently.

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Resilience in Public Sector: Maintaining team wellbeing in high-pressure roles

Spotlight on Procurement

Sarah Collecott, Commercial Specialist, Procurement and Contract Management, at the UK Home Office, discusses the importance of maintaining wellbeing and authenticity in a high-profile, high-pressure workplace.

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How to Calculate Raw Materials Inventory with Finale Inventory | Ecommerce

Finale Inventory

Calculating raw materials inventory accurately is vital for any ecommerce business. Without precise inventory counts, you may face challenges such as stockouts, overstocking, and inaccurate financial records. Fortunately, Finale Inventory, a comprehensive inventory management software designed specifically for ecommerce businesses, can help streamline the process and ensure accurate inventory calculations.

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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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Inventory vs. Stock: Understanding the Key Differences

Finale Inventory

In e-commerce, understanding the difference between inventory and stock is vital for the success of your business. While the terms are often used interchangeably, they have distinct meanings and implications. This article covers the definitions, roles, and impacts of inventory and stock in your e-commerce operations. It also highlights the key differences between the two and provides guidance on choosing the right management approach for your business.

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What Is a Good Inventory Turnover Ratio?

Finale Inventory

Every e-commerce business owner knows that managing inventory effectively is vital to success. One key metric for measuring inventory performance is the inventory turnover ratio. In this article, we will break down what the inventory turnover ratio is, how to calculate it, and what it means for your business. We will also discuss the ideal inventory turnover ratio and strategies to improve it.