Wed.May 22, 2024

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Four Cybersecurity Moves Every Manufacturer Can Make

Supply Chain Brain

Supply chain attacks have become increasingly sophisticated, and manufacturing stakeholders should prepare for the cyber threats that are most likely to impact their operations.

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A practitioner’s view of AI in procurement – Are we there yet?

Spend Matters

Spend Matters is researching the personal viewpoints and the practical application of AI among leaders in the procurement profession. We are welcoming both opinion and real-life use cases from senior procurement and supply practitioners to bring genuine first-hand insights to like-minded procurement professionals. If you would like to join the dialog please reach out to us or submit your points of view or observations here.

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Trending Sources

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Supply Chain Sustainability: It Comes Down to the Data

Supply Chain Brain

When it comes to environmental impact, the supply chain has a visibility problem — and not just between external partners.

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Delivery carrier SpeedX pursues growth with zone-skipping service

Supply Chain Dive

The company expects to triple or quadruple its volumes this year as it competes with the likes of FedEx and UPS.

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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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Report: As E-Commerce Surges, Merchants Need to Fortify Supply Chains

Supply Chain Brain

Over the last year, 73% or merchants saw impacts to their businesses from international shipping problems such as delays, damaged products or theft.

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Episode 166: Cutting Edge Strategies in Tier 1 Retail with Eric Linxwiler

Una

EPISODE 166 Cutting Edge Strategies in Tier 1 Retail with Eric Linxwiler By Kelly Barner | May 22, 2024 Every single day, successful retailers overcome challenges that few other industries will ever have to face. Complex supply chains, uncertain demand, and – increasingly – regulations that not only force them to consider the big picture but also vary by geography.

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J&J Snack Foods opens third distribution center in supply chain overhaul

Supply Chain Dive

The food manufacturer is shipping 81% of its sales orders from its new network, compared to just 26% a year ago, according to its CEO.

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U.S. Administration Unveils Steps to Protect Workers from Risks of AI

Supply Chain Brain

The Administration said these principles should be considered during the whole lifecycle of AI – from design to development, testing, training, deployment and use, oversight, and auditing.

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Total Cost of Ownership (TCO): Definition, Components, and Examples

Pipefy

A brief introduction to total cost of ownership (TCO) Total cost of ownership refers to all of the expenses that are incurred when purchasing, implementing, deploying, maintaining, and using a product, tool, or equipment. This also includes any time costs associated with downtime, training, or other productivity losses. This total cost of ownership, also known as actual cost, quantifies the entire lifecycle of a product and helps determine or assign a more accurate picture of not only the cost,

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Port of Seattle Starts Work on 'Self-Sustaining' Maritime Innovation Center

Supply Chain Brain

The renovated building will house 15,000 square feet of new work spaces, as well as areas that can be reserved for meetings, seminars, and classes.

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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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What Is Process Governance? Models, Benefits, and How to Implement

Pipefy

Business processes help ensure organizations perform tasks correctly, while also creating a consistent user experience. However, team members must adhere to those processes to realize these advantages. Building and documenting efficient workflows is only the first step in optimizing operations, as organizations must also manage and control these processes.

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Container Service at Port of Portland Saved Following Threat of Shutdown

Supply Chain Brain

Ending container service at the Port of Portland would have made Oregon the only coastal state in the U.S. without a container terminal.

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Doing More with Less in Procurement

Una

Doing More With Less in Procurement Five ways Sourcing Heroes can come out on top when they’re constantly being asked to do more with less in procurement. By Hugo Britt | May 23, 2024 Search Search Would you be able to generate more output in your procurement team if you were forced to work with less? Definitely – if you have the help of a GPO.

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China Hints at 25% Car Tariff as Deadline for EU Probe Looms

Supply Chain Brain

The EU must inform Chinese exporters whether it intends to impose tariffs by early June, and they could go into effect a month later.

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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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Support Paper: ESG Health Check

Barkers Procurement

This Support Paper “ESG Health Check” is free to download! Download Now What Is an ESG/Digital Health Check? At Barkers our ESG Health Check concentrates on the activity within your supply chain. Assessing your supply chain performance is strategically important for your organisation as studies show that the majority (80%) of emissions and ESG risk lies in a business’ supply chain.

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NEW WEBINAR: CPO Rising 2024: State of Procurement

CPO Rising

Join Ardent Partners and Supplier.io on May 30th (2 PM ET) for a webcast on CPO Rising 2024: State of Procurement. Don’t miss the worldwide premiere of major findings from Ardent Partners’ 19th annual CPO Rising 2024: State of Procurement research.

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Like Water For Pringles And The Right Number Of Crunches

Procurement Insights

EDITOR’S NOTE: I have had the good fortune of getting an advanced copy of a book that will be released to the public over the next few weeks. The title of the book is From Baghdad To Toronto: A Journey Of Values by one of the country’s top business executives. As I turned each page in my cover-to-cover read, I found myself energized by the rich insights—business gold, if you will—from someone whose family business and values go back 700 years.

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Procurement News — May 22, 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. Procurement Executive News Papa John’s Promotes Kurt Milburn to CSCO ATLANTA — Papa John’s International, Inc.

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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.