Wed.Apr 03, 2024

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Influence of Air on COGS

ABC of Procurement

Do you think air can not influence your COGS (Unless you sell compressed air)? It can, and here is a real example. The post Influence of Air on COGS first appeared on ABC of Procurement.

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FedEx, UPS adding delivery fees in parts of New York, Los Angeles, Chicago

Supply Chain Dive

The surcharges from both carriers will take effect this month in 82 ZIP codes across the U.S., many covering major urban areas.

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Meet AI in Intake and Orchestration

Spend Matters

Artificial intelligence (AI) comes in many different forms (for a complete history of AI in procurement, check out our recently published autoaugmentation series) and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry. This article explores the current state of AI in the intake and orchestration marketspace, including a capabilities overview, a high-level market overview and an introduction to the emerging field o

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Baltimore bridge collapse pressures some key trucking lanes

Supply Chain Dive

Flatbed loads surged 57% week over week from Baltimore, DAT Freight & Analytics reported.

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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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Recycled Tagging Fasteners: Small Changes Make a Big Impact

Supply Chain Brain

A major brand faced mounting pressure to adopt sustainable practices and reduce its environmental footprint. Consumers, retailers, and even regulators began demanding less (and penalizing) single-use plastic waste in the supply chain.

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UPS’ Happy Returns inks partnership with Two Boxes

Supply Chain Dive

The integration will help warehouse operators using Two Boxes’ returns processing software handle volume from Happy Returns more efficiently.

More Trending

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Wallenius Wilhelmsen expects up to $10M impact from Baltimore bridge collapse

Supply Chain Dive

The Norway-based ocean carrier said it's rerouting cargo as the fall of the Francis Scott Key Bridge impacts its vessel operations.

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U.S. May Revoke Houthi Terrorist Label If They Stop Red Sea Ship Attacks

Supply Chain Brain

“My hope is that we can find diplomatic off-ramps,” President Joe Biden’s special envoy for Yemen told reporters in a press briefing.

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Chester’s Chicken hires EVP of supply chain

Supply Chain Dive

Since Bill Rice joined the chain in January, the chicken brand has already launched a supply chain optimization study.

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Owner, Manager of Ship that Crashed into Baltimore Bridge File to Limit Liability For Costly Collapse

Supply Chain Brain

The two companies' joint-filing was submitted on April 1, and would look to limit their legal liability to $43.6 million.

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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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Episode 159: All Travel is Personal with J. Grant Caplan

Una

EPISODE 159 All Travel is Personal with J. Grant Caplan By Kelly Barner | April 3, 2024 It goes without saying that travel has changed since the pandemic – although not in the way most of us might assume. There have certainly been adjustments to logistics and expectations, but, most of all, companies are doing a better job of recognizing the wellness considerations intertwined with business travel, and finding purposeful ways to accommodate their travelers without onerous increases to the

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Chinese Lenders Raise Concerns About $1.3 Billion Peru Port Deal

Supply Chain Brain

Peru’s government is trying to revoke a deal that granted China's Cosco Shipping exclusive rights to run the new Chancay Port.

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Exploring architectural choices: Options for running IBM TRIRIGA Application Suite on AWS with Red Hat OpenShift

IBM Supply Chain Blog

IBM ® TRIRIGA ® Application Suite (TAS) is a market-leading  integrated workplace management system for organizations managing their facility portfolios and assets throughout their lifecycle efficiently. It helps organizations optimize their workplace experience , facility resource scheduling, facility strategic planning, lease accounting and asset disposal, and manage their transactions, capital projects , space , facility maintenance and facility sustainability.

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Boeing Scraps Airline CEO Sessions as New Chairman Shifts Tack

Supply Chain Brain

New Boeing Chairman Steve Mollenkopf instead is reaching out directly to CEOs for major airlines in an attempt to smooth over strained relations.

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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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How your business can prioritize responsible AI with IBM watsonx 

IBM Supply Chain Blog

Over the next decade, AI will impact all industries and help shape which companies, teams and executives come out ahead. This is why we’ve seen so many early AI adopters in sports, where even the slightest competitive advantage can be the difference between first and second place. Take last year’s US Open , for example, where IBM watsonx™ projected the level of advantage or disadvantage of all players in the singles draw.

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When Dealing With Freelance Buyers, Avoid Common Pitfalls

Procurement Freelancers

The freelance work marketplace is bustling. Navigating it gracefully and skillfully can transform brief customer… The post When Dealing With Freelance Buyers, Avoid Common Pitfalls first appeared on Procurement Blog | Procurement & Supply Chain News.

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Procurement’s Road to Victory

Una

Procurement's Road to Victory Breaking down ways Sourcing Heroes can establish connections and create value at every juncture on procurement’s road to victory. By Mackenzie Oakley | April 4, 2024 Search Search Some heroes wear capes, and some … read contracts? Absolutely. Mark Grieco is one such hero. A practicing procurement attorney and long-time educator, Mark works deep in the procurement trenches, simultaneously litigating or consulting on contracts on behalf of corporations while te

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Positive Purchasing Takes On Learning Technologies 2024!

Positive Purchasing

We are excited to announce that we are exhibiting at Learning Technologies on 17-18 April 2024! Learning Technologies is Europe’s leading showcase of organizational learning and the technology used to support learning at work. With over 10,000 attendees from 50 different countries, 200 unmissable seminars and 200 international exhibitors expected this year, this event continues to grow in importance, value and attendance year after year.

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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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Inbound vs. Outbound Leads: Definitions, Examples, and Key Differences

The Thomas Blog

Inbound and outbound lead generation are two distinct approaches to acquiring potential customers. Inbound focuses on attracting prospects through valuable content, while outbound employs interruptive tactics to reach them. Knowing the differences between inbound and outbound lead generation is essential, regardless of whether your goal is to get quick leads through direct communication or to establish trust through instructional content.

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SEC climate-related disclosure rules for public companies

IBM Supply Chain Blog

On March 6, 2024, the US Securities and Exchange Commission (SEC) adopted rules to enhance and standardize climate-related disclosures by public companies and in public offerings. The commission’s adoption of the rules is two years in the making. The original proposed rules, issued in March 2022, aimed to ensure consistency in how publicly traded companies provided climate-related information to investors.

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Watch: How E-Commerce Is Boosting Air Cargo's Bottom Line

Supply Chain Brain

E-commerce is bringing new opportunities to air cargo, both domestic and international, says Milind Tavshikar, chief executive officer of SmartKargo.

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Procurement News — April 3, 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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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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SupplyChainBrain Introduces 'The Five Rings' as Central to its Services

Supply Chain Brain

SupplyChainBrain's results-oriented approach revolves around "The Five Rings," representing key pillars of a successful marketing program.

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Tesla Faces Stiff Headwinds to Start 2024 After Months of Challenges

Supply Chain Brain

The Elon Musk-owned EV company handed over less than 387,000 cars in the first three months of 2024, down 8% year-over-year.

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Tesla Faces Stiff Headwinds to Start 2024 After Months of Challenges

Supply Chain Brain

The Elon Musk-owned EV company handed over less than 387,000 cars in the first three months of 2024, down 8% year-over-year.

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Biden Administration Finalizes Two-Person Crew Mandate for Freight Trains

Supply Chain Brain

The announcement comes nearly a year after a derailment in East Palestine, Ohio sparked a wide-ranging discussion regarding rail safety.

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.