June, 2024

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Satellite Technology & Agriculture: Transforming Supply Chain Management

All Things Supply Chain

Remote sensing has become essential across various industries, notably revolutionizing logistics and supply chain management.

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Ultimate Endless Real Estate Costs at Red Lobster

Art of Procurement

Red Lobster is the largest seafood chain in the United States. It buys 20 percent of North American lobster tails. The post Ultimate Endless Real Estate Costs at Red Lobster appeared first on Art of Procurement.

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USPS says consolidator changes won’t hurt service. Stakeholders aren’t sold.

Supply Chain Dive

There could be "devastating" impacts to delivery reliability if the Postal Service isn't prepared, the Association for Postal Commerce said.

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Walmart Rolls Out Hydrogen Semi-Trucks For Retail Fleet in Canada

Supply Chain Brain

According to the company, Walmart is the first major retailer in Canada to use hydrogen fuel cell semi-trucks in their delivery fleets.

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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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Preventing payment fraud: Strategies for financial protection

Spend Matters

This content does not express the views or opinions of Spend Matters. As the digital landscape expands, the convenience of online transactions is shadowed by the increasing prevalence of payment fraud, paired with the traditional risk of fraudulent paper checks. With scams ranging from duplicate billing to false vendor invoices and overcharging, businesses face significant risks that can impact their financial integrity.

Strategy 108
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Mastering Strategic Purchasing Tips for Business Success

Procurement Freelancers

Today’s business is highly charged. Strategic purchasing has emerged as a key factor. It defines… The post Mastering Strategic Purchasing Tips for Business Success first appeared on Procurement Blog | Procurement & Supply Chain News.

More Trending

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Uyghur Forced Labor Prevention Act: Progress or Setback?

Art of Procurement

The Uyghur Forced Labor Prevention Act, or UFLPA, was passed to protect an ethnically Turkish, predominantly Muslim minority living in. The post Uyghur Forced Labor Prevention Act: Progress or Setback? appeared first on Art of Procurement.

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ILA ‘more likely’ to strike in October as tensions rise

Supply Chain Dive

The union representing East and Gulf Coast port workers made the threat Wednesday, while noting wage and automation concerns are behind contract disagreements.

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Low Prices, Human Costs: Has Online Retail Crippled the Ethical Supply Chain?

Supply Chain Brain

Globally, it's estimated that $161 billion worth of clothing and textiles fall into an area of risk that makes them prone to being produced by forced labor annually.

Ethics 116
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Basware: Vendor Analysis (Part 2) — P2P solution product-level strengths and opportunities, competitors and market analysis, user considerations, voice of the customer, analyst commentary and summary

Spend Matters

Part 2 of this Spend Matters Vendor Analysis focuses on the strengths and opportunities of Basware P2P solution. It also looks at the voice of the customer and the elements to consider when looking at Basware as a potential solution provider. Part 1 of the analysis provides a history and overview of Basware’s P2P solution its roadmap/vision. This content is for members only.

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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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5 Game-Changing Tools for Modern Supplier Auditors

Procurement Freelancers

In today’s fast-paced business world, supplier auditors are like hidden stars. They are critical to… The post 5 Game-Changing Tools for Modern Supplier Auditors first appeared on Procurement Blog | Procurement & Supply Chain News.

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Transform Your Supply Chain: The SCMDOJO Training Track

SCMDOJO

The global economy runs on efficient supply chains. But with ever-increasing complexity, skilled professionals are more in demand than ever. The SCMDOJO Supply Chain Track offers a comprehensive supply chain training program to equip you with the knowledge and skills to excel in this dynamic field. It’s your one-stop shop for a complete supply chain management pathway.

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Former Pioneer Oil CEO Scott Sheffield – Colluder or Scapegoat?

Art of Procurement

In 2019, Pioneer Natural Resources, an independent shale oil producer in West Texas, was worth $24 Billion. Their CEO, Scott. The post Former Pioneer Oil CEO Scott Sheffield – Colluder or Scapegoat? appeared first on Art of Procurement.

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Albertsons enters e-commerce partnership with Grubhub

Supply Chain Dive

The restaurant delivery company is providing delivery service in as little as an hour from nearly 1,800 of the grocer’s stores under a deal announced Tuesday.

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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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Watch: Can AI Help To De-Risk the Supply Chain?

Supply Chain Brain

Among the many benefits that artificial intelligence can bring to industry is to reduce risk in every link of the supply chain, says Jim Hayden, chief data scientist at Everstream Analytics.

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Basware: Vendor Analysis (Part 1) — P2P solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

Spend Matters

This Spend Matters Vendor Analysis updates our coverage of Basware and its procure-to-pay (P2P) solution. Basware is a long-standing veteran in the accounts payable (AP) space and has built its reputation as one of its largest providers. We have covered Basware various times in the last few years. Since we last examined Basware in 2019, a number of changes and enhancements have been made, including M&As that built its enterprise scale.

Buyers 106
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Top Sustainable Practices Every Sourcing Consultant Should Follow

Procurement Freelancers

Today’s global marketplace is fast-paced and ever-changing. Companies are focusing more on sustainability. The eco-friendliness… The post Top Sustainable Practices Every Sourcing Consultant Should Follow first appeared on Procurement Blog | Procurement & Supply Chain News.

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Procurement Training Reimagined: SCMDOJO Launches Procurement Track

SCMDOJO

Do you dream of confidently navigating the ever-changing procurement world, not confused with what procurement training to opt for? Are you ready to ditch the “cost-cutter” label and become a strategic mastermind? The SCMDOJO Procurement Track isn’t just another training program – it’s your key to unlocking a commanding presence in the field.

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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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How do you know you are really “ready” to attend a live webinar?

Procurement Insights

Yet another webinar. I remember the first webinar I did was in early 2005. Webex was the platform, and there were some initial challenges, such as getting through company firewalls. Not only was the drawbridge up but the entire castle was locked down, as many organizations were unfamiliar with the technology. Today, webinars are as common as wheat in a wheatfield.

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Sriracha shortage: Supply chain woes strike Huy Fong Foods again

Supply Chain Dive

The popular hot-sauce maker has notified wholesalers of a production halt that will last for months, citing issues with the chile crop this year.

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‘Sustainable’ Procurement: More Than a Buzzword

Supply Chain Brain

Chief procurement officers must deal with complex global supply chains and disparate country standards, simply to ensure that all involved are adhering to sustainable practices.

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Intake and Orchestration in procurement: How do the solution providers define its role? – Aera Technology

Spend Matters

Spend Matters continues its focus on Intake and Orchestration as this quarter’s theme of special interest with a viewpoint on the importance of this market segment from Alison Crawford, Senior Director of Global Product Marketing, Aera Technology. If you’d like to understand more about what it means for procurement, read our Guide to Intake and Orchestration here.

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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.

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Why Your Startup Needs a Product Sourcing Agent

Procurement Freelancers

Launching a new company is demanding as well as exhilarating. One of the biggest challenges… The post Why Your Startup Needs a Product Sourcing Agent first appeared on Procurement Blog | Procurement & Supply Chain News.

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Sending a Powerful Message About America’s Pharmaceutical Independence

Art of Procurement

Victor Suarez is a retired Colonel from the United States Army. He worked for the U.S. Department of Health and. The post Sending a Powerful Message About America’s Pharmaceutical Independence appeared first on Art of Procurement.

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Finally, A Solution Provider Gets the Big Picture, And It Isn’t AI

Procurement Insights

EDITOR’S NOTE: I sent the following business case overview over the weekend to select solution providers. The first response from Mintec is below. Which of the five priority areas can your organization and solution help Target with? I highlighted the areas where you could provide an immediate benefit. Retail Chain industry prospects (Target): Target, a barometer of the American consumer, said its sales last year fell for the first time since 2016.

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Insource or outsource fulfillment? Companies weigh cost vs. control

Supply Chain Dive

Business size, growth trajectory, distribution costs and customer service needs are among the top factors to consider, experts say.

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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

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Global Trade Is on the Rebound. Are Suppliers Getting the Benefit?

Supply Chain Brain

A “rebound” in global trade is underway, and the U.S. and China are the big beneficiaries, according to a new report. For suppliers, however, the news isn’t all good.

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The “New” Coupa: A post-acquisition assessment from Coupa Inspire 2024

Spend Matters

In December 2022, Thoma Bravo acquired Coupa, ending the firm’s publicly funded journey. We predicted at the time that “Thoma Bravo will not change the fact that Coupa delivers top-tier functionality and customer satisfaction for most S2P modular areas, as consistently documented by our SolutionMap benchmark.” This remains true 18 months later, but it is also true that Coupa has since acquired a new CEO, many new executive team members and is changing its messaging around what it offers.

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Understanding The Key Services Offered By Any GEP Solutions Company

Procurement Freelancers

Businesses benefit greatly from specialized services that help them operate efficiently. They help companies manage… The post Understanding The Key Services Offered By Any GEP Solutions Company first appeared on Procurement Blog | Procurement & Supply Chain News.

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Measuring Transportation Vehicle Utilization: The KPIs

SCMDOJO

In the fast-paced world of logistics, efficient transportation is paramount. Every inch of unused space and every minute of idle time translates to lost revenue and a larger carbon footprint. To stay competitive and sustainable, businesses must maximize their transportation vehicle utilization. But what exactly does this entail, and how can it be achieved?

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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.