Tue.May 07, 2024

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CPO Crunch: Follow the money

Procurement Leaders

“So, you’ve mapped Tier-2. Now what?” This was the deliberately optimistic title of a very recent CPO community call that explored just how far into the supply chain our members have visibility. As we know, having knowledge of who our suppliers are is one thing, but it’s quite another to have a good understanding of who our suppliers’ suppliers are – not to mention those even further beyond.

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Red Sea Risk Matrix: A Model for Managing Supply Chain Disruption

Supply Chain Brain

If you’re still viewing supply chain disruptions as one-off or random occurrences, you’re doing it wrong. These events are chronic and inevitable.

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Trending Sources

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Walmart taps Swisslog to automate 3 milk facilities

Supply Chain Dive

The technology platform consists of cranes, palletizing and de-palletizing robots, a pallet conveyor system, a small-load conveyor system and software to operate it all.

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Introducing the Craft Supplier Risk Management Platform

Supply Chain Brain

Craft is launching a user-friendly, configurable supplier risk management (SRM) platform designed for team collaboration and proactive risk mitigation.

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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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See Through Disruptions: How Supply Chain Visibility Builds Resilience

SCMDOJO

Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. However, they are also susceptible to disruptions and risks. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. Supply Chain Resilience refers to a supply chain’s ability to withstand and recover from unexpected events.

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As Forced Labor Prevention Enforcement Heats Up, the Focus is on Compliance

Supply Chain Brain

The most crucial tool a supply chain manager can have to fend off UFLPA or other compliance risks is a transparent view of your suppliers’ critical relationships.

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How to Build and Execute an Effective Supplier Risk Management Strategy

Supply Chain Brain

Managing a global supply chain has never been more challenging, with complex, ever-evolving regulations, increasingly frequent extreme weather events, volatile geopolitical crises, and sophisticated cybercrime.

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Amazon extends transition period for low inventory fee

Supply Chain Dive

The company said it would credit the fees for a few more weeks, and added some exceptions as it considered ways to incentivize optimal product supply.

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Boeing ‘Missed’ 787 Inspections, May Have ‘Falsified Records’

Supply Chain Brain

An internal Boeing memo said that “several people had been violating company policies by not performing a required test, but recording the work as having been completed.

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Avery Dennison leveraged supply chain resilience to navigate Finland port strikes

Supply Chain Dive

The adhesive materials maker leveraged supplier diversification and enhanced inventory strategy to avoid disruptions.

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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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Maersk Warns of 'Intensified' Crisis for Carriers in Red Sea

Supply Chain Brain

Maersk also says that vessels will likely continue rerouting around Africa's Cape of Good Hope "for the foreseeable future.

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4 key metrics to know when monitoring microservices applications running on Kubernetes

IBM Supply Chain Blog

Understanding how microservice applications works on Kubernetes is important in software development. In this article, we will discuss why observing microservice applications on Kubernetes is crucial and several metrics that you should focus on as part of your observability strategy. Why should you observe microservice health running on Kubernetes and what are the Kubernetes metrics you should monitor?

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Descartes: Online Consumers Frustrated With Frequent Delivery Problems

Supply Chain Brain

Out of 8,000 consumers surveyed, 63% said they took some sort of negative action after encountering delivery problems.

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Williams-Sonoma to pay $3.2M for violating FTC’s Made in USA order

Supply Chain Dive

The retailer listed products as being made in the United States when they were manufactured abroad.

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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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FTC Fines Williams-Sonoma for Deceptive 'Made in USA' Products

Supply Chain Brain

The FTC discovered that Williams-Sonoma mattress pads listed as "crafted in America from domestic and imported materials" were actually fully imported from China.

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Meet the Founder: #2 – Paul Gurr (Provalido)

Procurement Software

We’re back with the second in our series of blogs where we ask a few thoughtful questions to the Founder of a procurement software company! Every month we do this, our goal is to get to know them personally and also their product a little better. By doing this, we 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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Maersk Says Decision on Return to Port of Baltimore Could Be Imminent

Supply Chain Brain

Just under 200 containers have been taken off the Dali container ship to get it ready to float again before it's taken out of the area.

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Empowering Procurement Efficiency: The Dover Chemical Arkestro Case Study

Arkestro

Resources / Blog / Empowering Procurement Efficiency: The Dover Chemical Arkestro Case Study Empowering Procurement Efficiency: The Dover Chemical Arkestro Case Study If you want to reduce procurement costs, putting your data to work is a great place to start. The seemingly small 1% error rate associated with manual data entry can end up creating thousands of errors down the road — and cost you thousands of dollars.

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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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C.H. Robinson Introduces AI Technology to Automate Email Interactions

Supply Chain Brain

Generative artificial intelligence now reads and replies to 2,000 emailed quote requests a day.

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Product Qualified Leads (PQLs): Definition, Calculation, and Benefits

The Thomas Blog

Product Qualified Leads (PQLs) differ from conventional lead-generation strategies by prioritizing user engagement with the product as a primary indicator of sales-readiness. Unlike Marketing Qualified Leads (MQLs) and Sales Qualified Leads (SQLs), PQLs are assessed based on their active interaction with the product, indicating a bigger likelihood of conversion.

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The Value of Competition: Lessons from Professional Sports

Procurement Express

One Percent Gains Every Single Day In this post, we have a special guest, Benny Igiehon, a skilled Account Executive at Procurement Express.com. Benny is not only an exceptional salesperson but also a professional soccer player. Today, we will explore the lessons that can be learned from competing at a high level in sports and how they can be applied to business.

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What is Should-Cost Analysis in Procurement?

Una

What is Should-Cost Analysis in Procurement? Should-cost analysis in procurement involves a full examination of cost components to estimate and evaluate the reasonable price of a product. By Hugo Britt | May 7, 2024 Search Search If you, as a consumer, have ever exclaimed, “ How can they charge that much when it probably only cost them ($X) to make??

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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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Maximize business outcomes on IBM Cloud with Concierge Platinum Services

IBM Supply Chain Blog

In the rapidly evolving digital landscape, we see that businesses are increasingly migrating to cloud services to enhance their operations, boost productivity and foster innovation. However, the process of transitioning clients to the cloud can often be intricate and time-intensive. To tackle this challenge head-on, IBM® offers clients access to a specialized Concierge Platinum Team, which is equipped with top-tier skills and expertise, to help expedite the cloud onboarding process and prov

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Which tech would I buy first in a greenfield CPO role?

The Procuretech Podcast

This week on The Procurement Software Podcast, we delve into the topic of selecting technology in a greenfield procurement role. Host James explores what technology he would invest in if given the opportunity to lead a digital transformation in procurement. Join us for a deep dive into the world of procurement technology and decision-making. What digital procurement tools should you buy first?

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Revolutionize your talent acquisition strategy: How AI can help you find the right candidates faster

IBM Supply Chain Blog

Imagine that you are a talent acquisition manager at a large corporation, and you’re struggling to find suitable candidates for a critical role. Despite posting the description on multiple job boards, the résumés received are either unqualified or uninteresting. This results in wasted valuable time and resources on manual screening, causing frustration among hiring managers.