Wed.Oct 02, 2024

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Risk is complex — The different types and sources of risk

Spend Matters

Continuing our series on third-party/supply chain risk management (TPRM/SCRM), here we illustrate the breadth and complexity of risk that organizations today must navigate and manage. We look at how risks and incidents comprise a multitude of types which have origins both inside and outside of the organization and provide a detailed view of different risks and their sources.

Risk 95
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Damage from Hurricane Helene Threatens U.S. Medical Supply Chain

Supply Chain Brain

Helene is already one of the deadliest mainland storms in the history of the U.S., with more than 100 people killed in the days since it first made landfall.

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2024 peak season surcharges: Comparing carrier fees

Supply Chain Dive

While UPS, FedEx and OnTrac are continuing their annual practice, other delivery providers are declining to add temporary price hikes.

Price 94
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Boosting Efficiency and Customer Satisfaction: Five Reasons to Use Retail Consolidation

Supply Chain Brain

If you can be somewhat flexible with planning and lead time, you can leverage a 3PL’s ability to develop the scale needed for executing retail consolidation programs.

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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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Zoom in on Cyber Risk

Spend Matters

The interconnected nature of business networks, their systems and their data leaves suppliers and the primary organization open to threats and attacks that broadly fall under the category of supply chain cyber risk. Cyber attacks have only increased in recent years, and even a minor breach can damage a company’s operations, finance and reputation due to how much sensitive information has been digitized.

Risk 69
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Exploding Pagers and Walkie-Talkies Underscore Importance of a Trusted Electronics Supply Chain

Supply Chain Brain

Building a trusted and secure end-to-end electronics ecosystem and supply chain is a national security priority.

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DSV Wins Approval for €14.3B Sale to Become World's Largest Freight Forwarder

Supply Chain Brain

The purchase will make DSV the world’s largest freight-forwarder and turn it into Denmark’s second-largest company by revenue.

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Why was this screenshot an indication of a good ProcureTech demo?

Procurement Insights

What would be your first thought if this were the opening screen for a demo you were invited to see? How would it set the tone for the rest of the presentation? In the meantime, Michael Lamoureux sent me the following post by Reza Shah Mohammadi with the corresponding video of Steve Jobs. Be sure to watch the Jobs video: Reza Shah Mohammad Post Stop thinking that you can succeed by starting with technology and then figuring out how to market it.

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Technology Round-Up — October 2, 2024

CPO Rising

CPO Rising’s Technology Round-Up series continues this week with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend… The post Technology Round-Up — October 2, 2024 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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How much automation should we expect in procurement?

The Procuretech Podcast

In this episode of The Procurement Software Podcast, host James Meads delves into the transformative impact of automation in procurement, focusing on how emerging technologies are reshaping the industry. Tune in to learn how these technologies, paired with critical human skills, can help you future-proof your career and enhance efficiency in your procurement processes.

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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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ILA strike: Biden declines to intervene, but pressures USMX

Supply Chain Dive

Administration officials also warned ocean carriers against imposing strike surcharges on shippers.

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Biden Urges USMX to 'Present Fair Offer' as Dockworker Strike Continues

Supply Chain Brain

The ILA has said that the most recent offer from the USMX "fails to address the demands of our members adequately.

Demand 75
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Biden, industry leaders react to port strike

Supply Chain Dive

The president and trade associations called for a swift resolution to avoid the work stoppage’s impact on supply chains and economic flows.