Procurement Templates
MARCH 3, 2024
I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. Can you spot the mistakes! She’s added in category analysis twice and then she added a RFQ before a PQQ which means the flow isn’t quite right. A RFQ is used for low cost purchases and a PQQ is typically used for higher cost tenders.
Supply Chain Brain
MARCH 3, 2024
Ten years after enactment by Congress, the Drug Supply Chain Security Act (DSCSA) serialization mandates finally took effect in November 2023. How ready are you?
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Procurement Bulletin
MARCH 3, 2024
Food Logistics Tests Autonomous Trucking Autonomous trucking startup, Kodiak Robotics, are testing a new delivery route to deliver refrigerated freight with their autonomous trucks for logistics company Martin Bower. Martin Bower’s big clients include McDonald’s, Chick-fil-A, Ikea and Maersk. China’s BYD Could Disrupt the EV Market As the world builds up the demand for EV’s, China’s leading EV manufacturer, BYD is building capacity with factories coming to Brazil, T
Supply Chain Brain
MARCH 3, 2024
As businesses struggle to conform their supply chains to the ever-changing the needs of the market, they’re constantly reminded of one core truth: In the end, it’s all about the money.
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The Good Spending
MARCH 3, 2024
It all started in the attempt to understand the theoretical concept of servitization , i.e., the transformational shift from a product-centric to a service-centric business model and logic that we observe extensively in the area of IT procurement, in particular. In our earlier posts , we analyzed the notion of XaaS (Anything-as-a-Service) in the context of outsourcing.
Empowering CPO
MARCH 3, 2024
As the world steers through the complexities of industrial demands, caustic soda stands out as a critical chemical component, pivotal to processes spanning from manufacturing to purification. Yet, emerging analyses hint at a brewing storm: a potential mismatch between the global demand for caustic soda and its production capacity, anticipated to become pronounced in the latter part of this decade.
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Supply Chain Brain
MARCH 3, 2024
Carrier members of the Digital Container Shipping Association have committed to 100% implementation of electronic bills of lading by 2030, according to CEO Thomas Bagge.
Procurement Insights
MARCH 3, 2024
With the approach of International Women’s Day, here are a few noteworthy statistics on the progress of 46.38% of the worldwide workforce 60% of women believe that the speed of women’s progress is either stagnant or moving slowly. ( Kotex – Feb. 2024) Half of the women polled indicated that the world is a more uncomfortable place for them than ever before. ( Kotex – Feb. 2024) Furthermore, the study showed that these sentiments are relatively stronger among the younger ge
Supply Chain Brain
MARCH 3, 2024
U.S. Central Command said the attack had caused an 18-mile oil slick, warning that the spillage of the cargo into the sea would worsen the environmental impact.
Supply Chain Brain
MARCH 3, 2024
Former Boeing division Spirit AeroSystems Holdings Inc. is the supplier at the center of a spate of recent quality issues affecting the 737 Max airliner.
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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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