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 107
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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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Trending Sources

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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 123
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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 99
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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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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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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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Spirit Halloween partners with Uber for on-demand delivery

Supply Chain Dive

Consumers can access same-day delivery on the specialty retailer’s products across the Uber Eats, Postmates and Uber apps.

Demand 98
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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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How Digital Transformation is Crafting Tomorrow’s Procurement Playground

Procurement Freelancers

As companies are using new technologies and tools in sourcing goods, this domain is changing… The post How Digital Transformation is Crafting Tomorrow’s Procurement Playground first appeared on Procurement Blog | Procurement & Supply Chain News.

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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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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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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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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 98
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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, 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.

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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