July, 2023

article thumbnail

How to Develop an Effective Procurement Strategy

Procurement Freelancers

Are you prepared to enhance your game and master your procurement process? This article explains… The post How to Develop an Effective Procurement Strategy first appeared on Procurement Blog | Procurement & Supply Chain News.

article thumbnail

Inventory Reconciliation — Everything You Should Know

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter Inventory Reconciliation — Everything You Should Know Inventory reconciliation allows companies to know the difference in their stocks between their records and in their warehouses. However, what is it? For this article, we will talk about what inventory reconciliation is.

Inventory 207
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

R.I.P. Great Resignation (2020-2023)

Art of Procurement

We have seen many trends come and go over the last few years, and most of them stemmed from the. The post R.I.P. Great Resignation (2020-2023) appeared first on Art of Procurement.

article thumbnail

Importance of Contract Management in Achieving Value for Money in the Procurement System

SCMDOJO

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues. In this guide, we will explore the key benefits and importance of contract management in procurement and provide insights on how to implement effective practices.

article thumbnail

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.

article thumbnail

How will the Geopolitical Climate affect the Microchip Supply Chain

All Things Supply Chain

The microchip industry’s value to the global economy is almost unquantifiable owing to the fact that it facilitates other key industries that our society holds in high regard.

article thumbnail

Uncertainty at Yellow sparks freight shift to other carriers

Supply Chain Dive

Some shippers are sending their loads to other LTL carriers over concerns about the company's future, TD Cowen analysts say.

145
145

More Trending

article thumbnail

Last Mile Logistics — What You Should Know

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter Last Mile Logistics — What You Should Know Last mile logistics is often associated with e-commerce due to its rising popularity in the modern market. However, many people do not know what last mile logistics is.

Logistics 209
article thumbnail

352: Simplify Freight By Rail, With Commtrex

Let's Talk Supply Chain

Today I’m joined by Commtrex, an award-winning brand that is on a mission to simplify freight by rail. Commtrex is a tech-enabled rail logistics provider with a team of experienced rail professionals, an extensive network of partners, and a best-in-class technology platform that simplifies the movement of freight and creates a competitive advantage.

article thumbnail

10 Must-Watch Negotiation Movies: Master the Art of Persuasion with These Gripping Films

SCMDOJO

Negotiation, a crucial skill in the realms of business and procurement, demands the ability to remain calm, collected, and confident even in the most challenging situations. However, mastering this art can be tough and perplexing. Thankfully, in our digital age, we have access to an array of mediums for training and communication that can aid us on this journey of honing our negotiation prowess.

article thumbnail

Supply Chain Weekly Wrap-Up 07/21/2023-07/27/2023

All Things Supply Chain

Ford supplier invests $790M to build new Plants Magna International, an automotive supplier, will produce key components for Ford’s second-generation electric truck as part of a $790 million investment.

article thumbnail

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.

article thumbnail

What smart inventory management means in 2023 — so far

Supply Chain Dive

After working to shed overstocks last year, retailers are trying to keep their inventories lean and relying on the chase to meet demand as it comes.

Inventory 124
article thumbnail

[Pod] Procurement 6 – July 28th, 2023

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post [Pod] Procurement 6 – July 28th, 2023 appeared first on Art of Procurement.

article thumbnail

Should-Cost Model – The Ultimate Guide

Procurement Tactics

 Menu Course Library 1. Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes Access To All Unlimited access to all courses & templates Platform For Teams Procurement Tactics For Teams Where procurement teams build better skills, fas

article thumbnail

Port Workers Strike Costing $3.7b

Procurement Bulletin

Port Workers Strike Costing $3.7b Already in its fifth day of workers strikes, 7,000 port workers at 30 ports within the province of British Columbia (B.C.) continue to strike for higher wages. The work action is potentially costing $3.7b and disrupting an already fragile supply chain that’s seen a fair share of disruptions over recent years. Speaking of Worker Strikes… Workers for UPS may go on strike if an agreement on wages isn’t agreed upon by July 31st.

Export 98
article thumbnail

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

article thumbnail

How to Choose the Right Courses for You: Tips That Work

SCMDOJO

Choosing a course is not easy, not when there are so many options available. The course you pick will take a portion of your time and require that you put in the effort to complete it. Most people are limited with time, so making a bad choice is not a good option. If you want to pick a course that will help your academic or professional success, or bring you true personal growth, you need to be picky.

article thumbnail

Supply Chain Weekly Wrap-Up 06/30/2023-07/06/2023

All Things Supply Chain

Taiwan Exports at a 14 Year low as Demand Woes Taiwan’s exports experienced their sharpest decline since 2009 in June, signalling concerns about the global demand slump for electronics and…

Export 246
article thumbnail

FedEx details capacity plan as UPS strike fears intensify

Supply Chain Dive

The carrier will use volume from July 17 to July 21 as a baseline capacity measurement. Shipments exceeding that amount aren't guaranteed to be accepted.

119
119
article thumbnail

Every Body’s Talking: Learning to Interpret Body Language

Positive Purchasing

The Fact Is We All Negotiate Whether it’s with our partner, our parents, children, friends, suppliers, customers or even our colleagues, when we want somebody to do something, we may well need to persuade them. And this is very much what negotiation is – persuading somebody else to either see something our way, or to do something that we want.

article thumbnail

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.

article thumbnail

The 5S of Kaizen — The Ultimate Guide

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter The 5S of Kaizen — The Ultimate Guide The 5S of Kaizen comes under the umbrella of lean management aimed to eliminate waste within manufacturing operations. However, what is it and how can it be applied in procurement ?

article thumbnail

NVIDIA Wants Another Part of the Chip Pie

Procurement Bulletin

Renewable Energy Will Generate a Third of World’s Electricity by 2030 As the OG companies of O&G (oil & gas) clamber to get into renewable energy, a new report by non-profit Rocky Mountain Institute (RMI) finds that one third of the world’s electricity will be powered by wind and solar by 2030 (that’s very soon for the math challenged).

98
article thumbnail

The Ultimate Guide to Contract Logistics: What You Need to Know

SCMDOJO

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. In this blog, we will answer the question: what is Contract Logistics, and explore its definition, solutions, challenges, and opportunities, understanding why Contract Logistics is considered as the hub of logistics today and how it can help businesses thrive in an ever-evolving market.

article thumbnail

Supply Chain Weekly Wrap-Up 07/07/2023-07/13/2023

All Things Supply Chain

Rivian EVs deliveries for Amazon surpass 150 million Amazon has revealed that it has successfully delivered over 150 million packages using electric vehicles (EVs) from Rivian.

article thumbnail

The Evolution of Control Towers to Command Centers

Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Today’s volatile landscape requires inherent visibility across your entire value chain and the ability to orchestrate course corrections within a unified platform.

article thumbnail

Zarrin Lilani on How Women Lead in Supply Chain

Let's Talk Supply Chain

Zarrin Lilani on How Women Lead in Supply Chain At Let’s Talk Supply Chain, we’re passionate about closing the gender gap to expand innovation through diversity. Making this hard dichotomy shift isn’t just about good business ethics either. It’s a business investment in an industry that’s anything but predictable. Research shows that women in supply chain empower more curiosity and agility—empowering breakthrough business outcomes at organizations across the globe—these are the women whose stori

article thumbnail

The Pros And Cons Of Outsourcing vs. In-House Sourcing

Procurement Freelancers

Outsourcing and in-house sourcing are two popular strategies businesses employ in their operations. While outsourcing… The post The Pros And Cons Of Outsourcing vs. In-House Sourcing first appeared on Procurement Blog | Procurement & Supply Chain News.

article thumbnail

SupplyChainBrain: Will AI Drive the Next Wave of Supply Disruptions?

Arkestro

All Case Studies Whitepapers Webinars Videos Press Blog Featured News Dover Chemical Corporation Leverages Arkestro to Streamline Procurement, Increase Cost Efficiency read more Koch Engineered Solutions Achieves Procurement and Supply Chain Success with Arkestro read more In The News SupplyChainBrain: Will AI Drive the Next Wave of Supply Disruptions?

article thumbnail

Ocean Shipping Taking a Slow Approach to Reducing Emissions

Supply Chain Brain

The International Maritime Organization's initially unclear target date implies a divide within the ocean shipping sector on net-zero emission goals, according to The Wall Street Journal.

105
105
article thumbnail

The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

article thumbnail

How to Choose the Right Translation Provider for Your Organization

SCMDOJO

To thrive in global markets, effective communication is paramount. One of the key elements of successful communication is accurate and culturally sensitive translation. Whether you’re launching a website, localizing marketing materials, or expanding operations overseas, choosing the right translation provider for your organization is crucial. In this blog post, we will explore the essential factors to consider when selecting a translation provider that aligns with your organization’s

Quality 98
article thumbnail

Supply Chain Weekly Wrap-Up 07/14/2023-07/20/2023

All Things Supply Chain

Mercedes-Benz incorporates ChatGPT in Supply Chain Mercedes-Benz plans to integrate OpenAI’s ChatGPT technology into its manufacturing processes and vehicles.

article thumbnail

347: Women in supply chain™, Seretha Willingham

Let's Talk Supply Chain

In today’s episode of Women in supply chain , I’m joined by Seretha Willingham – founder, CEO, project management professional and Certified Scrum Master! Seretha’s impressive corporate career spans from financial data analysis and IT project management to strategic planning and execution. And, utilizing all of that knowledge and experience, Seretha went on to found SJW Logistics – a 3PL providing freight transportation, warehousing and e-commerce fulfilment services.

article thumbnail

The Art of Negotiation: How Procurement Freelancers Can Master the Game

Procurement Freelancers

In this highly competitive business landscape, procurement ⁠ freelancers must possess valuable negotiation skills. With companies… The post The Art of Negotiation: How Procurement Freelancers Can Master the Game first appeared on Procurement Blog | Procurement & Supply Chain News.

article thumbnail

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.