Thu.May 09, 2024

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Procurement 6 – May 10th, 2024

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – May 10th, 2024 appeared first on Art of Procurement.

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Clorox claws its way back to normal inventory, service levels after August cyberattack

Supply Chain Dive

The cleaning product maker is working to fully restore its distribution channels in Q4 as it pushes to bring back customers.

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U.S. Container Import Volumes Rise in Rebound After China's Lunar New Year

Supply Chain Brain

Descartes estimates that China was responsible for roughly 34% of U.S. container imports in April, primarily driven by "consumer-oriented" goods.

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FedEx Express flags US delivery delays after severe weather

Supply Chain Dive

Disruptions are possible for shipments with a May 9 commitment after "hazardous operating conditions" challenged a key hub in Tennessee.

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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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Watch: How Will We Bridge the Manufacturing Labor Gap?

Supply Chain Brain

Lisa Walker, managing director and global industrial practice leader at DHR Global, describes the plight of manufacturers who are facing a shortage of workers in the years ahead, and offers some solutions to the problem.

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Automakers get more flexibility as US finalizes EV tax credit rules

Supply Chain Dive

Electric vehicle makers have been racing to shift their supply chains to qualify for the credit. The latest changes give them more time.

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The Surging Problem of AI Energy Consumption

Art of Procurement

When I prepare each episode of Art of Supply, I intentionally dig deep. Usually, along the way, I find a. The post The Surging Problem of AI Energy Consumption appeared first on Art of Procurement.

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Investors Vote Down Plan to Unseat Norfolk Southern CEO

Supply Chain Brain

Ancora had sought to switch Norfolk Southern to a leaner operating model that would have cut back on the number of workers, locomotives, and railcars at the railroad.

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As drug shortages reach record highs, regulators float next steps

Supply Chain Dive

With many chemo and ADHD drugs stuck in stubborn shortages, several agencies are looking for new solutions to boost supplies.

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America's Manufacturing Renaissance: The Key to Restoring Powerhouse Status

Supply Chain Brain

The U.S. has the potential to reclaim its throne as one of the world's manufacturing powerhouses — but not in the ways other countries have achieved this mission.

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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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Docusign to acquire Lexion: M&A rapid analysis

Spend Matters

Earlier this week, Docusign announced its agreement to acquire Lexion, a contract analytics specialist, for $165 million. The acquisition will factor into Docusign’s Intelligent Agreement Management (IAM) platform, which is the company’s attempt to create a new SaaS category. We first wrote about this development last month and will continue to explore it this year.

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A.P. Moller-Maersk Launches Air Freight Gateway in Miami to Serve U.S., Asia, Latin America

Supply Chain Brain

Maersk says the new gateway will support the North American export market to Latin America and the Asian market that serves the Latin American supply chain via cost-competitive U.S. routes.

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Mastering healthcare data governance with data lineage

IBM Supply Chain Blog

The healthcare industry faces arguably the highest stakes when it comes to data governance. For starters, healthcare organizations constantly encounter vast (and ever-increasing) amounts of highly regulated personal data. The impact of healthcare data usage on people’s lives lies at the heart of why data governance in healthcare is so crucial.In healthcare, managing the accuracy, quality and integrity of data is the focus of data governance.

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The Evolution of Smart Tracking in Combating Supply Chain Theft

Supply Chain Brain

Theft in the supply chain is a massive, costly problem that is only getting worse.

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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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Top 10: Procurement Start-Ups

HICX

HICX Founded: 2004 Location: San Francisco, US CEO: Costas Xyloyiannis HICX specialises in helping organisations optimise their supplier management processes, ensuring compliance, efficiency, and transparency throughout the supplier lifecycle. HICX’s software platform offers features such as supplier onboarding, risk management, performance tracking, and supplier relationship management.

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Korea Pledges $7B Aid Package for EV Battery Supply Chain

Supply Chain Brain

Korean authorities will also continue to seek to secure key battery materials so domestic manufacturers can maintain their competitiveness in the U.S.

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The Importance of Aligning Values with Suppliers

Una

The Importance of Aligning Values With Suppliers Aligning values with suppliers and the organization as a whole plays a pivotal role in establishing robust partnerships and driving success. By Hugo Britt | May 9, 2024 Search Search Sometimes, as a consumer, you just have to hold your nose and engage with a product, service, or person whose values do not match your own.

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Podcast | Creating a Clean and Ethical EV Battery Supply Chain

Supply Chain Brain

North America needs a domestic supply chain for electric vehicle batteries — but it has to be sustainable and ethical.

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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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Whistleblower Claims Boeing Supplier Delivered Defective 737 Max Fuselages for Years

Supply Chain Brain

Paredes further alleged that it was "just a matter of time before something bad happened," referencing a blown-out door plug aboard a 737 Max 9 in January.