April, 2024

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Collaboration Crossroads: Breaking Down Silos and Building Bridges

All Things Supply Chain

Collaboration within a company is one of the many keys to its overall success. But unfortunately, many studies suggest organizational silos stop effective collaborations from occurring within companies.

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U.K. Brexit Import Checks Delayed, Causing Confusion

Supply Chain Brain

Under the rules, medium- and high-risk products, which include meat and dairy products, as well as most plants, could be subject to checks at the borders for biosecurity.

Import 145
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Even with +1, China is still #1

Art of Procurement

China’s role in the global supply chain is changing right before our eyes, leaving foreign buyers to feel the discomfort. The post Even with +1, China is still #1 appeared first on Art of Procurement.

Buyers 133
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Amazon leapfrogs UPS, and 4 other takeaways from a top shipping index

Supply Chain Dive

Market conditions are leading to shifts in U.S. volume share, with some upstarts gaining ground, according to new parcel delivery data from Pitney Bowes.

Data 141
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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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ivoflow: Vendor Analysis —  Direct spend management solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of ivoflow and its solution for direct spend management. Global supply chains are under constant pressure because uncertain geopolitical factors, rising energy costs, highly volatile raw material markets and increasing international competition make global supply chains and procuring goods challenging and unpredictable.

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The $30 Billion Secret: How Amazon’s Logistics Saves You Time & Money

SCMDOJO

Ever wonder how Amazon gets your package to your door so quickly? The inner workings of logistics at Amazon are a marvel of efficiency, precision, and constant innovation. This system uses giant warehouses, lots of trucks, and even cool robots to move things quickly. In this blog post, we’ll explore how Amazon does it all. We’ll look at their warehouses, their delivery tricks, and even how they use new technology to make things faster.

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How AI Transforms Trade Classification and Compliance

Supply Chain Brain

The trading world is a perfect candidate for artificial intelligence-based tools and capabilities, to enhance the quality and productivity of classification and compliance.

Quality 138
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5 Things Procurement Should Consider When Evaluating AI with Heather Murray

Art of Procurement

“2023 was the year of the ‘dabbler.’ We all heard about AI, and we were all playing around with ChatGPT. The post 5 Things Procurement Should Consider When Evaluating AI with Heather Murray appeared first on Art of Procurement.

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DHL will pay $8.7M to settle allegations it gave Black workers more dangerous assignments

Supply Chain Dive

While Black workers moved “large, heavy packages,” their White colleagues sorted letters, the U.S. Equal Employment Opportunity Commission alleged.

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Recapping new product announcements from Docusign Momentum 2024

Spend Matters

On April 11, Docusign hosted the in-person session of Docusign Momentum, its annual conference, at The Glasshouse in New York. The event featured major announcements, including a new logo and branding, an AI-powered intelligent agreement review platform with function-specific applications and other new products, such as a centralized repository called Navigator and a no-code/drag-and-drop workflow tool called Maestro.

Contract 108
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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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What is Supply Chain Management? A Guide to Success

SCMDOJO

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success. Whether you’re a business owner, manager, or simply curious about the inner workings of the global economy, this article will provide you with a solid foundation.

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How Analytics Improve the Efficiency of Supply Chain Management

All Things Supply Chain

Analytics is a powerful tool that supply chain experts find critical in the modern competitive market.

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Why Congestion Could Be on the Horizon for Port of L.A. Headed into Peak Months

Supply Chain Brain

A growing economy, drought conditions at the Panama Canal, and systems not designed to plan for trucking schedules could all spell trouble for the Port of LA in the months to come.

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Overcoming Procurement’s Fear of AI

Art of Procurement

“I think we are headed for human-centered AI where we have the human at the core, and you are going. The post Overcoming Procurement’s Fear of AI appeared first on Art of Procurement.

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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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FedEx’s network poised for a shakeup after US Postal Service split

Supply Chain Dive

Daytime flight operations and pilot staffing are likely targets for reductions once the air transportation contract expires in September, experts say.

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Coupa Inspire 2024: New product announcements centered around ‘Margin Multiplier’ theme

Spend Matters

Spend Matters analysts attended Coupa Inspire Americas 2024 in Las Vegas, the company’s 11th annual Inspire conference and its largest to date. In their first dispatch our analysts cover Coupa CEO Leagh Turner’s opening speech, which touched on Coupa’s five initiatives to bridge the customer “margin erosion zone:” assisting customers with growth, efficiency, productivity, resiliency and sustainability.

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Navigating Global Supply Chain Disruptions: Strategies for Resilience

SCMDOJO

As recent times have shown us, political matters across the world can have an impact on shipping routes, thus affecting the prices of goods all around the world. But what steps can you take to a more resilient supply chain during disruptions? This article will explore why disruptions happen, and how the industry deals with them as they come. If you’re ready to learn more about creating stronger supply chains, read below.

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Emerging Trends in Logistics Training: Preparing for Tomorrow’s Challenges

All Things Supply Chain

Navigating the ever-evolving landscape of logistics requires a keen understanding of emerging trends.

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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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Watch: A Symphony of Systems: The Rise of Warehouse Orchestration

Supply Chain Brain

Warehouse orchestration is the answer for facilities looking to integrate and efficiently manage a multitude of discrete systems, says Keith Moore, chief executive officer of Autoscheduler.ai.

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UPS Out, Fedex In with USPS

Procurement Bulletin

Summer of High Oil Prices My local news station has been warning drivers of surging gas prices as Summer nears. Oil prices are near a five month high. This coincides with the current production cuts by OPEC at least until June. UPS In, Fedex Out with USPS The collaboration between the US Postal Service (USPS) and Fedex is coming to end after almost two decades.

Price 98
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USPS delivery unit proposal sparks service, cost concerns for shipping partners

Supply Chain Dive

The agency is mulling changes to how shipping companies like DHL eCommerce and Pitney Bowes inject volume into its network, industry experts told Supply Chain Dive.

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Fyle: Vendor Analysis — Expense management solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Fyle and its solution for Expense Management. Fyle’s expense management solution enables real-time expense management and reporting processes using AI. Many expense management software providers have ventured into issuing their own company cards, investing considerable resources in building their card programs.

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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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Two-Factor Authentication: How It Makes IT Access in Logistics Secure?

SCMDOJO

As a supply chain management, logistics plays a crucial role in modern commerce and global trade. Each warehousing, transportation, and distribution step is increasingly important and should be carefully thought through to make the process uninterrupted and persistent. With the rise of technology, logistics became more automated and digitized, bringing increased security risks to the flow of goods.

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Top 8 Benefits of Hiring a Certified Procurement Professional

Procurement Freelancers

The domain of procurement services is vast and complex, requiring specialized knowledge and skills to… The post Top 8 Benefits of Hiring a Certified Procurement Professional first appeared on Procurement Blog | Procurement & Supply Chain News.

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Report: Tyson Foods Dumped 371M Pounds of Waste into U.S. Waters Over 5 Years

Supply Chain Brain

The toxic waste includes chemicals such as nitrogen, phosphorous, chloride, oil, and cyanide, released into rivers and lakes between 2018 and 2022 in 17 states.

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Maximize the power of your lines of defense against cyber-attacks with IBM Storage FlashSystem and IBM Storage Defender

IBM Supply Chain Blog

Today, cybercrime is good business. It exists because the profits are high while the risks are low. Far from stopping, cybercrime is constantly increasing. In 2023, the FBI received a record number of 880,418 complaints with potential losses exceeding USD 12.5 billion. This is a nearly 10% increase in complaints and 22% increase in losses compared to 2022.

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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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UPS wins US Postal Service air cargo contract, usurping FedEx

Supply Chain Dive

The delivery giant will ramp up its activity with the agency after a transition period, eventually moving the majority of its domestic air cargo.

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LSQ: Vendor Analysis — Working capital solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of LSQ and its solution for Working Capital Management. LSQ is an active participant in the fintech industry with its LSQ platform, which offers a suite of working capital management solutions. From spend insights to supplier management and payment management, LSQ’s FastTrack provides essential tools for businesses.

Buyers 103
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The Evolution of Logistics: Connectivity, Data Integration, and Virtual Design

SCMDOJO

The term “logistics” may be relatively new, but its general principles date back to ancient civilizations. The early Mesopotamians, Egyptians, Greeks, and Romans pioneered the principles of logistics and designed trade routes to facilitate their connections with other nations. The Silk Road became a massively critical route that moved goods from the Mediterranean region to East Asia.

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Essential Freelance Procurement Contract Management Tips

Procurement Freelancers

Good contract management acts as a compass in the maze of freelance work. It guides… The post Essential Freelance Procurement Contract Management Tips first appeared on Procurement Blog | Procurement & Supply Chain News.

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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.