Procurement Templates

FEBRUARY 13, 2024

Happy Valentines day, here is some procurement satire for February the 14th! Lack of Emotional Sensitivity: Procurement departments are typically focused on logistics, cost-effectiveness, and efficiency, which may not align with the emotional nuances and sentimentality of Valentine’s Day. Limited Creativity: Procurement professionals are trained to streamline processes and optimize resources, but they may lack the creativity needed to plan and execute romantic gestures and surprises effect

Procurement 264

Procurement Procurement team Budget Negotiation 264

All Things Supply Chain

FEBRUARY 19, 2024

2023 was a whirlwind year for the supply chain industry.

Supply chain 277

Supply chain Supply Supply chain management Supply chain management 277

Supply Chain Dive

FEBRUARY 6, 2024

Amazon making more deliveries in house, shifts to other carriers and buy online, pick up in store initiatives contributed to the company's Q4 volume decline.

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141

Supply Chain Brain

FEBRUARY 13, 2024

As the technology has advanced and become more available, 3D printing is expected to become an integral part of many industries’ operations and could ultimately help companies achieve sustainability goals.

Sustainability 131

Sustainability Supply chain Supply 131

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Supply Chain Optimization

IBM Supply Chain Blog

FEBRUARY 13, 2024

Remember how cool it felt when you first held a smartphone in your hand? The compact design and touch-based interactivity seemed like a leap into the future. Before long, smartphones became a way of life for organizations worldwide because of all they offer for business productivity and communication. Generative AI ( artificial intelligence ) promises a similar leap in productivity and the emergence of new modes of working and creating.

Data 118

Data Ethics Quality Project management 118

SCMR (Supply Chain Management Review)

FEBRUARY 1, 2024

Reshoring Institute Executive Director Rosemary Coates got a first-hand look at Foxconn’s Tijuana manufacturing site and saw what is possible when companies invest in nearshoring.

108

108

SCMDOJO

FEBRUARY 6, 2024

The fast-evolving business trends and technologies bring new challenges to every organization. One of these issues is making sure that the amount of products they have matches what they’re supposed to have, also known as stock discrepancy. To mitigate the issues of the end-to-end supply chain and cope with customer expectations, organizations are constantly focusing on reducing the delivery lead time.

Supply Chain Efficiency 105

Supply Chain Efficiency Inventory e2e supply chain software solutions 105

Supply Chain Dive

FEBRUARY 22, 2024

The retailer’s vendors have already reported enough projects to fulfill Project Gigaton’s target of cutting 1 billion metric tons of greenhouse gases from its supply chain.

Suppliers 131

Suppliers Supply chain Supply 131

Supply Chain Brain

FEBRUARY 1, 2024

Remnants of a COVID-disrupted supply chain, economic choppiness, and pressure to lower prices have backed manufacturers up against a wall, and forced them to reconsider their approach to offshoring production.

Price 126

Price Supply chain Supply 126

IBM Supply Chain Blog

FEBRUARY 20, 2024

In an era of accelerating climate change , predicting the near-future can yield major benefits. For instance, when utility officials are aware that a heat wave is on its way, they can plan energy procurement to prevent power outages. When farmers in drought-prone regions are able to predict which crops are susceptible to failure , they can deploy additional irrigation.

Risk 113

Risk Sustainability Strategy Data 113

Advertiser: GEP

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.

Supply chain

SCMR (Supply Chain Management Review)

FEBRUARY 29, 2024

Converting existing networks to 5G technology gives supply chains new opportunities to improve speed, accuracy and overall customer service.

Supply chain 121

Supply chain Logistics Supply Networking 121

Spend Matters

FEBRUARY 19, 2024

This Spend Matters Vendor Analysis gives an overview of Kodiak Hub, a supplier management solution that consolidates all supplier information and data into one view with a focus on performance and risk. There are many old, new and developing stories about risk and the disruptions impacting business continuity and operations. On top of these considerations, the regulatory/compliance landscape is also in constant flux.

Risk 107

Risk Suppliers Supplier relationship management Sustainability 107

Finale Inventory

FEBRUARY 15, 2024

Warehouse labeling can seem like a tedious aspect of inventory control, but it can have a huge impact on your warehouse operations. It’s the difference between hunting for an item and wondering if it’s even the right product when you do find it, or knowing you have the right item in hand within seconds. This is what separates your business from frustrating delays and agitating customers to timely deliveries and raving reviews–and is what the right labeling setup can help facilitate S

Inventory control 102

Inventory control Inventory Real-time Visibility Warehouse optimization 102

Supply Chain Dive

FEBRUARY 5, 2024

A FedEx executive addresses if fdx will be able to work with other delivery providers and integrate with e-commerce giants like Amazon in an interview with Supply Chain Dive.

Supply chain 133

Supply chain Supply 133

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

Bidding

Supply Chain Brain

FEBRUARY 22, 2024

Supply chain organizations that prioritize safety and risk management through data analytics, telematics, and newer equipment position themselves as competitive leaders.

Risk management 136

Risk management Risk Supply chain Data 136

SCMDOJO

FEBRUARY 19, 2024

In today’s fiercely competitive business landscape, the quest for continuous improvement has become imperative for small and medium-sized enterprises (SMEs) to thrive. Over the years, various methodologies have emerged to address this need, including lean manufacturing, Six Sigma, and the integration of both known as Lean Six Sigma (LSS). In this blog, we’ll delve into the integrated Lean Six Sigma approach, exploring its benefits, deployment models, moreover the implications for SME

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Quality Supply Chain Optimization 98

SCMR (Supply Chain Management Review)

FEBRUARY 15, 2024

With all the technology, labor issues and innovation taking place in supply chain, making it all work together is akin to a large-scale musical production.

Supply chain 106

Supply chain Supply Innovation 106

Spend Matters

FEBRUARY 26, 2024

This is the first in a three-part series that covers Fairmarkit’s sourcing offerings. The Pareto principle, named after the Italian economist and sociologist Vilfredo Pareto, states that if focused properly, 20 percent of one’s actions leads to 80 percent of the results. Procurement teams commonly follow this principle to prioritize activities and define focus areas to maximize return on investment.

Market analysis 104

Market analysis Sourcing Spend management Purchasing 104

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.

Supply Chain Optimization

Let's Talk Supply Chain

FEBRUARY 16, 2024

2024 is coming at us fast and the supply chain is front-and-center when it comes to geopolitical tensions and wars plaguing the globe. Just this week, retail brands called for safe travel on the Red Sea amidst growing rates and delays and regional fighting that has cost over $80B in inventory. Yes, don’t forget the pirates. Just as piracy has eased up on other shores along Somalia, it’s on the rise again there and elsewhere.

Logistics 98

Logistics supply chain budgeting Supply Chain Efficiency Supply chain 98

Supply Chain Dive

FEBRUARY 29, 2024

Two sortation shift cuts, along with the closure of a trailer shop, add to reductions the company is making in at least eight other states.

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Supply Chain Brain

FEBRUARY 29, 2024

Rising shipping costs, cumbersome processes and the growing demand for seamless service highlight the urgency for businesses to rethink their approach to last-mile delivery.

Demand 116

Demand 116

IBM Supply Chain Blog

FEBRUARY 6, 2024

It’s hard to imagine a business world without cloud computing. There would be no e-commerce, remote work capabilities or the IT infrastructure framework needed to support emerging technologies like generative AI and quantum computing. Determining the best cloud computing architecture for enterprise business is critical for overall success. That’s why it is essential to compare the different functionalities of private cloud versus public cloud versus hybrid cloud.

e2e 98

e2e Data Networking Management 98

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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.

Real-time Visibility

Finale Inventory

FEBRUARY 12, 2024

Inventory is the lifeblood of your business. If you’re a retail brand, wholesale distributor, or manufacturer, inventory is the core of your business. You buy inventory, bring it into your facility, and then hope to sell it for more than you paid to generate a profit. As your business grows, your catalog grows, your sales channels grow. As this happens, maintaining accuracy and efficiency becomes increasingly difficult.

Inventory 98

Inventory Quantity Networking Management 98

Spend Matters

FEBRUARY 12, 2024

In this Spend Matters Vendor Analysis, we provide an overview of Supply Risk Solutions and its solution for supplier (chain) risk management. Supplier risk management is crucial for a variety of reasons. First and foremost, it helps organizations identify and mitigate potential disruptions in their supply chain. Imagine relying on a single supplier for a critical component — if they face a problem, it could jeopardize your entire production process.

Risk management 103

Risk management Risk Suppliers Management 103

Art of Procurement

FEBRUARY 29, 2024

“Wisdom is given equally to everybody. The point is whether one can exercise it.” – Taiichi Ohno, The “Ten Precepts”. The post Time to Return to Just-in-Time? appeared first on Art of Procurement.

Procurement 97

Procurement Risk management Risk Management 97

Supply Chain Dive

FEBRUARY 29, 2024

With big brand brick-and-mortar options dwindling, the off-brand retailer’s 21,000 vendors are increasingly looking to the company.

Suppliers 133

Suppliers 133

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

Sustainability

Supply Chain Brain

FEBRUARY 28, 2024

Channel-free logistics connects existing infrastructure to simplify the whole order-to-delivery process, encouraging circularity and sustainability, maximizing profits and streamlining operations overall.

Logistics 119

Logistics Sustainability 119

SCMDOJO

FEBRUARY 21, 2024

When it comes to effective and profitable road transport management, it is undeniably crucial you get a reliable 4PL provider to handle your logistics. First, understand the difference between 3PL and 4PL in logistics. Knowing the potential value of a 4PL integrated early into the process is key to saving you more and delivering greater service. What is 4PL?

Logistics 97

Logistics Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 97

SCMR (Supply Chain Management Review)

FEBRUARY 19, 2024

Supply chain execution, from one end to the other, is the new competitive edge, and this applies whether you are the brand or whether you are the retailer. Working collaboratively is the glue that holds it together.

Collaboration 95

Collaboration Supply chain Supply 95

IBM Supply Chain Blog

FEBRUARY 23, 2024

Today, people don’t just prefer instant communication; they expect it. Conversational artificial intelligence (AI) leads the charge in breaking down barriers between businesses and their audiences. This class of AI-based tools, including chatbots and virtual assistants, enables seamless, human-like and personalized exchanges. Beyond the simplistic chat bubble of conversational AI lies a complex blend of technologies, with natural language processing (NLP) taking center stage.

Ethics 95

Ethics Data Management Inventory 95

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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.

Supply Chain Optimization