Mon.Nov 04, 2024

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Tariffs, Trade, and Transition: The US Election’s Potential

All Things Supply Chain

Tomorrow marks the 2024 U.S. presidential election, a pivotal event with significant implications for supply chains.

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Navigating the challenges of AI adoption in procurement

Supply Chain Dive

Incorporating AI into procurement is a technical endeavor that must consider the human impact to be successful, 4C Associates’ director of digital innovation writes.

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The Fight Against Food Fraud in Our 'Biggest, Weirdest Supply Chains'

Supply Chain Brain

The World Trade Organization estimates the global cost of food fraud to be anywhere between $30 billion and $50 billion each year.

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Hasbro’s supply chain overhaul leads 2024 cost savings

Supply Chain Dive

The toy and game company’s long-term transformation plan has focused heavily on shrinking inventory, a trend that continued in Q3.

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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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IDAS (M.K. Technologies LTD): Vendor Analysis — PO Lifecycle Management solution overview, competitors, user considerations, analyst summary

Spend Matters

In this Spend Matters Vendor Analysis, we give an overview of IDAS, a solution from M.K. Technologies built to address critical challenges faced by manufacturers, particularly unexpected late deliveries, which can halt production lines and damage customer relationships. By providing a unique supplier portal that integrates data from various ERP systems, IDAS helps manufacturers maintain on-time delivery rates, ensuring operational efficiency and stability in complex supply chains.

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Skechers’ Q3 inventory spike doesn’t dim peak season outlook

Supply Chain Dive

The shoemaker is seeing overstock in China and in-transit, but the company can move products across markets as needed.

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The true cost of not having a safety program

Supply Chain Dive

Make sure your drivers are safe not only for themselves but others around them with safety programs.

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Maersk Opens 24-Acre Distribution Center in the Philippines

Supply Chain Brain

With a 76,000-pallet capacity, the distribution center is Maersk's largest in the country to date.

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Tariffs hikes could be coming. Stanley Black & Decker says it’s ready.

Supply Chain Dive

The toolmaker has been formulating a mitigation strategy since the spring, with the company planning to shift production away from China.

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Why Comparing Sales Bonuses to Procurement Savings is Misleading

The Good Spending

The comparison—where a $100K sales win gets a $10K bonus, but saving $100K on a procurement contract gets nothing—might seem like a compelling argument for unfairness at first glance. However, this comparison oversimplifies the complex roles of sales and procurement teams. Let’s unpack this misconception from different angles. Different Objectives and Impact While it’s tempting to see a $100K sales win and a $100K procurement savings as equivalent financial achievements, their impact on business

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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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Levi Strauss seeks decarbonized supply chain

Supply Chain Dive

The denim manufacturer has committed to achieving net-zero emissions by 2050 and reducing scope 3 emissions 42% by 2030.

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Does a 2008 answer to a question on “optimization modeling” still stand in 2024?

Procurement Insights

EDITOR’S NOTE: More than two decades ago, the foundational elements for successfully utilizing advanced, self-learning algorithms to optimize the procurement process using an agent-based model were well established. Somewhere along the line, we got distracted by SaaS and digital transformation, and now we are at risk of being sidetracked by Agentic AI.

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Amazon Partners With Online Grocer JĂĽsto for Deliveries in Mexico

Supply Chain Brain

The partnership helps Amazon expand the inventory of fresh products and supermarket staples available to shoppers in Mexico.

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NASPO State and Local Government Procurement: A Practical Guide, 4th Edition

Procurement Insights

The National Association of State Procurement Officials is proud to make the State and Local Government Procurement: A Practical Guide, 4th Edition, available to government professionals, students, suppliers, educators, and others interested in learning about public procurement. Since the publication of the 3rd Edition, this guide has continued to be adopted by many procurement offices for use in their internal training programs and resource libraries.

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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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Magnus Mondays — Feature, Product, or Company?

CPO Rising

When I joined Ardent Partners a year ago, my very first article was about the proliferation of procurement solutions. My experience at the DPW conference and, perhaps to a lesser… The post Magnus Mondays — Feature, Product, or Company? appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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433: Women In Supply Chain, Annie Torikian

Let's Talk Supply Chain

  In today’s episode of Women in Supply Chain, I’m joined by award-winning industry leader, Annie Torikian. Annie has been a driving force for efficiency and innovation in supply chain management for over 25 years. Over the course of her long career with Tecsys, Annie has spearheaded numerous transformative initiatives and served as a mentor for women, as well as being an invaluable member of her community.

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De minimis overhaul will start before next president: former Biden official

Supply Chain Dive

A rulemaking proposal being issued by early December is very likely, according to former White House COVID-19 supply coordinator Tim Manning.

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Canada Port Disruption Sparks Fear of Wider Trade Snarls

Supply Chain Brain

A leading business group called for government intervention to prevent costly economic damage.

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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.