Wed.Sep 25, 2024

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Harnessing Remote Sensing to Secure Global Food

All Things Supply Chain

With the global population expected to reach nearly 10 billion by 2050, as projected by the United Nations, and climate change threatening agricultural productivity, securing the global food supply chain…

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Ports brace for a potential ILA strike

Supply Chain Dive

East Coast and Gulf Coast seaports are extending hours and sharing contingency plans as they prepare for disruption.

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Now Is the Time to Proactively Address Supply Chain Risk Mitigation

Supply Chain Brain

Traditional supply chain risk-management strategies are based on limited and static sources of insight, and often fail to support cross-functional collaboration

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NPI: Vendor Analysis — SaaS intelligence solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis we provide an overview of NPI and its solution for SaaS intelligence. Enterprise IT buyers face unique challenges and complexities due to lack of pricing transparency, increasingly high volumes of contract renewals and generally overwhelmed procurement teams. SaaS intelligence vendors such as NPI address these issues with a dedicated SaaS procurement management tool (that NPI augments with deep pricing intelligence) which helps organizations struggling with

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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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FAA Audit Details Boeing's Pattern of 'Troubling Production Problems'

Supply Chain Brain

The FAA identified several instances where Boeing workers cut corners, including one mechanic who used an improvised device to measure gaps between components.

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AI is becoming a fixture in the parcel delivery industry

Supply Chain Dive

More precise shipping time estimates and reduced exposure to porch piracy are among the benefits touted by FedEx, UPS and other carriers.

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FedEx Q1 earnings: 3 takeaways

Supply Chain Dive

The delivery giant is looking to improve results with higher surcharges and more efficient delivery operations.

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China Investigates U.S. Retailer Over Boycott of Xinjiang Cotton

Supply Chain Brain

PVH's supply chain guidelines detail how the retailer prohibits all direct and indirect sourcing from the Xinjiang province.

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How to Achieve the Trade-off Between Cost and Performance (with Multi-Objective Analysis)

The Good Spending

In today’s cloud-driven environment, businesses face increasing pressure to balance performance, reliability, and cost in their cloud infrastructure. This post will explore an example of cloud storage optimization in which a company must meet storage capacity and service level agreement (SLA) requirements while minimizing costs. We will walk through the process step by step, including how to derive constraints and how Pareto front analysis can help visualize trade-offs between price and performa

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FedEx Freight slashes spending 62% ahead of potential spinoff

Supply Chain Dive

The logistics giant nearly halved overall truck and trailer expenditures last quarter.

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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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The Importance of Strategically Addressing Indirect Technology Spend

Barkers Procurement

We live in an increasingly digital world, and the vast majority of organisations out there – regardless of their size – are now underpinned by technology. Technology spend is often the largest indirect spend category, and will only continue to grow as companies invest in digital tools to keep up with their consumers’ digital preferences and to maintain their competitive advantage.

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CFO Key Issues and Priorities

Arkestro

Resources / Analyst Reports / CFO Key Issues and Priorities CFO Key Issues and Priorities Download Now Let's Talk % of finance executives say their number one finance initiative is to simplify, standardize, and automate processes. Summary Throughout this past year, organizations have faced economic uncertainty, with concerns over geopolitical tensions, high interest rates, and potential recession.

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What is Lead Time? Definition & Tips to Shorten It – Finale Inventory | Ecommerce

Finale Inventory

Lead time refers to the amount of time it takes for a product to go from the initial order placement to its final delivery to the customer. In ecommerce, understanding lead time is key for efficient inventory management and customer satisfaction. This article will provide a comprehensive definition of lead time, discuss its importance in ecommerce, examine the components that make up lead time, highlight the negative impact of long lead times, and provide strategies to help shorten it.

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Why Is It So Hard To See An Actual Demo Of A ProcureTech Solution?

Procurement Insights

EDITOR’S NOTE: The following is a discussion I had the other day with a new connection/follower on LinkedIn. I will take you through the entire unedited DM exchange because these are the types of preliminary discussions that need to occur between practitioners and providers. Remember that I am talking with someone from a global enterprise that generates $1.1 billion in annual revenue. “As of 2023, Blue Yonder, a leading supply chain management software company, reported an estimated

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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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Procurement News — September 25, 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… The post Procurement News — September 25, 2024 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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Economic Order Quantity Explained: Formulas and How to Use Them – Finale Inventory | Ecommerce

Finale Inventory

In ecommerce, effective inventory management is vital to the success of any business. One key concept in this field is the Economic Order Quantity (EOQ), which helps determine the optimal order quantity for a product that minimizes inventory costs. Understanding and applying EOQ can significantly improve your inventory management practices and drive profitability.

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Why rebates offer untapped potential - Mark Gilham from Enable

The Procuretech Podcast

In this episode of The Procurement Software Podcast, host James welcomes Mark Gilham from Enable to discuss the complexities and opportunities surrounding rebates in procurement. They explore how effective tracking and reporting of rebates can lead to significant savings for organisations. Tune in to discover practical strategies that can help your organisation navigate the opportunities of effective rebate and post-signature contract management.

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Mitigating Procurement Risks: Best Practices and Strategies

TYA Suite

Procurement is a vital activity in any firm, responsible for procuring goods and services efficiently and cost-effectively. However, the is fraught with risks that can impact a company’s bottom line and operational efficiency. Effective procurement risk management is essential to ensure smooth operations and safeguard the organization’s interests. This blog explores types of procurement risks, challenges of procurement risk management, best practices, and strategies for mitigating procurement ri

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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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Biden Administration Presses Freight Railroads to Offer More Paid Sick Days

Supply Chain Brain

Over the past two years, the share of Class I freight railroad employees who are provided paid sick days surged from 5% to 90%.

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Understanding Sourcing and eSourcing for Efficient Procurement

TYA Suite

Sourcing is a critical component in attaining operational excellence and propelling organizational success in today’s ever-changing business landscape. Whether you’re a seasoned professional or new to the industry, understanding the acquisition process and its various aspects is essential. This in-depth guide explores the its foundations, and how e-sourcing is transforming acquisition tactics.

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Creating Net Efficiency in the Supply Chain Through a Supplier Experience Lens

HICX

The Supplier Experience Live 2023 event was closed by Costas Xyloyiannis , CEO of HICX , who provided his view on where the supplier experience journey will take us next, the impact that technology will have, and why its impact will need out-of-the-box thinking in order to create net efficiency gains. This article will cover:  Why technology is creating inefficiency within the supply chain What does “net efficiency” in the supply chain mean?

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Biden-Harris administration tackles supply chain risks with new federal tool

Supply Chain Dive

The Commerce Department's SCALE tool aims to assess risks across the economy and stop supply shortages before they happen.

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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.