Tue.Mar 26, 2024

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Thought leader: How to get early supplier involvement right

Procurement Leaders

For many procurement and supply chain leaders, it is standard practice to involve suppliers early when developing new products and services. But does it work? Early supplier involvement is a term that has evolved since the 1990s, when the world discovered that Japanese automotive OEMs such as Toyota and Honda outperformed their competitors in terms of design quality and time-to-market.

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UPS plans to close around 200 US facilities, shift volume to automated hubs

Supply Chain Dive

The company is consolidating locations as part of its "Network of the Future" initiative, which aims to reduce its labor needs and save $3 billion by 2028.

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Trending Sources

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How to Overcome the Supply Chain Decision Gap

Supply Chain Trend

As John Lennon said, “Live is what happens while you’re busy making other plans”. Every supply chain plan or schedule meets variations or disruptions that require corrective decisions and actions. However, a gap remains between data, plans, insights and taking action to solve short and long term issues and grasp opportunities. I called this the “Decision Gap” in a recent webinar.

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Port of Baltimore halts vessel traffic after bridge collapse

Supply Chain Dive

While the port is still processing trucks, the loss of the Francis Scott Key Bridge will disrupt port operations for some time.

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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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Meet AI in AP Automation

Spend Matters

Artificial intelligence (AI) comes in many forms (for a complete history of AI in procurement see our recently published autogmentation 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. In this series of articles we explore the current state of AI in procurement technology.

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Lifetime Brands pursues less China reliance with Mexico factory

Supply Chain Dive

The company's plastics manufacturing facility is on track to reach full capacity this year as it pushes to expand its sourcing capabilities.

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More Trending

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The challenges of spend management technologies and Raindrop’s industry-disruptive approach

Spend Matters

This content does not express the views or opinions of Spend Matters. In today’s dynamic business landscape, effective spend management is crucial for maintaining financial controls and achieving sustainable growth. However, many organizations still find themselves grappling with cumbersome and needlessly complex legacy spend management technologies which hinder, rather than facilitate, their efforts.

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Baltimore Bridge Collapse Latest Supply Chain Disruption

SCMR (Supply Chain Management Review)

The Francis Scott Key Bridge in Baltimore was struck by a 948-foot cargo ship and collapsed early Tuesday morning, causing the bridge and several cars to fall into the Patapsco River. The supply chain impact is uncertain at this point.

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E-SMART Reports 100% Reduction in Bridge Strikes on Roads From Pair of Carriers

Supply Chain Brain

E-SMART's technology uses geo-fenced data along with GPS to find out when a tractor is on a road with a bridge under 13 feet and six inches.

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When Is Conflict and Change A Good Thing?

Procurement Insights

Calgary Women in Energy is excited to announce our 2024 Allies in Energy Executive Forum. Since 2020 we have brought Executives together to discuss thought provoking topics and this year is no different. A highly esteemed panel of local energy Executives will meet on April 10th to discuss conflict and change management. We hope that you will join us at this year’s event.

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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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Water Now a Major Risk for World’s Supply Chains, Says Non-Profit

Supply Chain Brain

CDP says its research indicates at least $77 billion is under threat due to water risk in supply chains, with almost $7 billion at immediate risk.

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Wawa names new chief supply chain officer

Supply Chain Dive

Nelson Griffin previously served as SVP of strategic sourcing at a purchasing and services cooperative for Subway franchisees.

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Ford, GM Divert Shipments as Bridge Collapse Upends Supplies

Supply Chain Brain

Baltimore for years has been the top U.S. vehicle-handling port, with more than 847,000 cars and light trucks processed through there last year.

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Port of Baltimore stops accepting export containers

Supply Chain Dive

The state-owned Seagirt Marine Terminal will be closed Friday, according to an alert.

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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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Vital Baltimore Bridge Collapses After Being Struck by Ship

Supply Chain Brain

The early morning disaster at the Francis Scott Key Bridge will cause huge disruption — both for shipping at one of the busiest ports on the U.S. East Coast and on the roads.

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The path to embedded sustainability

IBM Supply Chain Blog

Businesses seeking to accelerate sustainability initiatives must take an integrated approach that brings together all business and technology functions. Sustainability is no longer the responsibility of only the chief sustainability officer (CSO). It is not managed by a single department in a silo. Driving true sustainable impact, at scale, takes place when an enterprise is fully aligned to that transformation.

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Automation Critical to Supply Chain Resilience, Says ISA

Supply Chain Brain

ISA stresses how manufacturers and other decision makers can help to deliver the many benefits of automation more effectively through several key steps.

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AOP Introducing… RFP Ninja

Art of Procurement

Suppliers understand the time-consuming and challenging nature of responding to requests for proposals, security questionnaires, pricing requests, and other customer. The post AOP Introducing… RFP Ninja appeared first on Art of Procurement.

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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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Natural Language Processing Transforms Inventory Management

Supply Chain Brain

With proper human oversight, NLP can reduce supply chain challenges even before they occur, thus potentially saving companies substantial time and money.

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Meet the Founder: #1 – Nick Verkroost (Canopy)

Procurement Software

Welcome to a new series of blogs! This is where every month, we’ll ask the Founder or CEO of a procurement software company a few questions. The goal is to get to know them personally and also their product a little better. Our aim here is to shine a light on some of the lesser-known solutions. These 5-minute insights are perfect to read on a coffee break if you’re keen to grow your knowledge of digital procurement tools.

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Women in Truck Association Names Trio of Winners for Driver of the Year

Supply Chain Brain

The three winners boast decades of trucking experience and numerous accolades throughout their years behind the wheel.

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MQLs vs. SQLs: Definitions and Key Differences

The Thomas Blog

Marketing qualified leads and sales qualified leads (MQLs and SQLs, respectively) are important potential customers for your company. MQLs are those who have shown interest in your offerings through various marketing efforts, while SQLs are those deemed ready for direct sales engagement based on specific criteria. By gaining insights into MQLs and SQLs, businesses can optimize their lead generation and conversion strategies and improve sales performance.

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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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Incident at Baltimore Bridge Wasn't First Crash for Dali Container Ship

Supply Chain Brain

According to Vessel Finder, the Dali hit a stone wall at the port of Antwerp in Belgium on its way to Bremerhaven in 2016.

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The Sidekick #003

Una

The Sidekick #003 Food Insecurity – At Home & Abroad Kris Lance VP & General Manager, Una March 26, 2024 Intro Welcome to Issue #003 of The Sidekick ! You may remember that in the last issue we touched on the topic of beef. Well, I hope you’re hungry for more, because this month I’m exploring the wider challenge of food security at home and overseas.

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Five Reasons to Slash Plastics in Packaging

Supply Chain Brain

Fortunately, there is a ready-to-use (and simple) solution that can virtually eliminate the use of plastics in many types of packaging.

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AOP Introducing… RFP Ninja

Art of Procurement

Suppliers understand the time-consuming and challenging nature of responding to requests for proposals, security questionnaires, pricing requests, and other customer. The post AOP Introducing… RFP Ninja appeared first on Art of Procurement.

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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.

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Survey Shows Supply Chain Decision-Makers Prioritize Inventory Turnover

Supply Chain Brain

77% of of supply chain professionals said they prioritize inventory turnover, while 57% highlighted the need for forecast accuracy.

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SAP Ariba and Coupa marketplaces: last ditch attempt or game changer?

The Procuretech Podcast

This episode of The Procurement Software Podcast delves into the debate surrounding the marketplace functionalities introduced by SAP Ariba and Coupa. Host James Meads discusses whether these launches are a desperate attempt to retain market share, or a very smart, strategic move. Tune in to gain insights into the evolving landscape of procurement technology.

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Watch: How the Parcel Sector Is Stepping Up to Meet Customer Demands

Supply Chain Brain

Arthur Axelrod, chief executive officer and founder of Dispatch Science, brings us up to date on technology trends among couriers and parcel carriers serving the last mile.

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Dollar Tree to Shutter 600 Family Dollar Locations by End of 2024

Supply Chain Brain

The company will also be shuttering an additional 370 Family Dollar stores and 30 Dollar Tree locations when their leases end.

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro