July, 2024

article thumbnail

Supply Chain Shortages And Its Impact On Manufacturing

All Things Supply Chain

Globally, supply chain issues have become a pressing challenge, particularly impacting the manufacturing sector.

article thumbnail

Chasing a Common Supply Chain Objective: Saving Lives

Art of Procurement

For over a decade, one public-private partnership has worked to make lifesaving medicines available in the most remote parts of. The post Chasing a Common Supply Chain Objective: Saving Lives appeared first on Art of Procurement.

professionals

Sign Up for our Newsletter

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

article thumbnail

New Report Says Supply Chains Must Embrace AI Now, or Be Left in the Dust

Supply Chain Brain

The progress of supply chains in adopting AI varies widely. So does the return on investment. But according to one recent study, there’s one strategy that guarantees failure: doing nothing.

article thumbnail

Election year uncertainty clouds 2024 supply chain outlook

Supply Chain Dive

Manufacturers “may kick the can down the road for certain capital investment decisions” as a result, Michigan State’s Jason Miller said during a panel discussion.

article thumbnail

How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro

article thumbnail

Debunking 5 Common Myths About Predictive Procurement Orchestration

Arkestro

Over 50% of organizations have automated their procurement processes, with around 35% using AI in procurement — an impressive increase from 29% in 2020. This evolution enables procurement teams to make superior decisions, initiate more events, and cover broader ground without additional resources.

article thumbnail

Luminance: Vendor Analysis — CLM solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Luminance and its solution for contract lifecycle management (CLM). Luminance offers legal-grade AI for the full spectrum of document review, from generation and review to post-execution analysis. The Luminance AI enhances and expedites the entire contract lifecycle process, including drafting, negotiating and understanding key features of executed contracts, all while maintaining compliance.

More Trending

article thumbnail

The Great Supply Train Robbery

Art of Procurement

According to the New York Times, about 20 million containers move through the ports of Los Angeles and Long Beach. The post The Great Supply Train Robbery appeared first on Art of Procurement.

Supply 131
article thumbnail

Nurturing Career Growth in the New Era of Supply Chain

Supply Chain Brain

The supply chain discipline has become a C-suite concern that drives competitive advantage and customer excellence — one that requires expansive leadership skills and technical prowess.

article thumbnail

Sustainability starts on the farm: How agricultural traceability benefits producers and consumers

Supply Chain Dive

Discover how agricultural traceability is revolutionizing the food industry, empowering consumers with knowledge, boosting farmers’ revenues and paving the way for a sustainable future.

article thumbnail

7 Steps to Streamline Your Procurement Contract Management

Procurement Freelancers

Getting business agreements handled properly is essential for businesses. It means taking care of contracts… The post 7 Steps to Streamline Your Procurement Contract Management first appeared on Procurement Blog | Procurement & Supply Chain News.

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

ProcureVue: Vendor Analysis — Spend Analytics solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of ProcureVue and its solution for spend analytics. It is common for the data held by Procurement (and indeed the business) to become so large and so messy that it is no longer possible to manage it in-house, whether because of time or software constraints. This is where the many vendors like ProcureVue in the procurement space that are designed to tackle this problem come in.

article thumbnail

Potential Efficiency Improvements: Vehicle Efficiency in Businesses

SCMDOJO

Vehicle efficiency is a critical factor for businesses operating trucks. It directly impacts operational costs and environmental footprint. This blog post explores various strategies that can significantly improve vehicle efficiency in truck operations. Implementing these practices can lead to substantial business cost savings and a cleaner environment.

article thumbnail

De Minimis: Supply Chain Trifles the Law Should be Concerned With

Art of Procurement

Section 321 of the U.S. Tariff Act of 1930 contains a small provision known as ‘de minimis,’ a Latin phrase. The post De Minimis: Supply Chain Trifles the Law Should be Concerned With appeared first on Art of Procurement.

article thumbnail

Digital Threads: The Path to Sustainable Manufacturing

Supply Chain Brain

Growing environmental concerns, rising consumer expectations for ethical production, and increasing regulatory pressures are pushing businesses toward sustainable operations.

article thumbnail

10 Practical Steps To Reduce Scope 3 Emissions

Scope 3 emissions – which account for 70 – 80% of an organization’s emissions – are complex and multifaceted. They form the bulk of an organization’s environmental impact. It’s no surprise that enterprises still struggle to track and manage these emissions. '10 Practical Steps to Reduce Scope 3 Emissions' guides you through the essential phases of identifying, analyzing, and mitigating these emissions.

article thumbnail

New Jersey Senate passes bill to rightsize shipping boxes

Supply Chain Dive

Have you ever received a tiny item in a huge box? Some legislators want to require retailers to keep that ratio in check. It’s one of multiple packaging bills in play in the state, among others related to PFAS, EPR and plastic utensils.

129
129
article thumbnail

STOP Selling and Marketing – START Building Relationships

Procurement Insights

We are inundated with an unprecedented volume of information. A recent survey by the team at Heyday found that the average person consumes four articles, more than 8,000 words and more than 200 messages daily. Yet, research suggests that we forget up to 70% of new information within 24 hours if we don’t actively engage with it. This “forgetting curve” shows that despite our voracious content consumption, we retain only a fraction of what we read. – Anne-Laure Le Cunff , Ness Labs Occ

Buyers 86
article thumbnail

Empowering financial health: Enhancing working capital efficiency and early payment opportunities

Spend Matters

In the realm of modern business operations, effective financial management is not just a task, it’s the heartbeat that drives growth and sustains operations. Imagine a company navigating a complex network of supplier negotiations, payment terms and cash flow management. This is where procurement steps in as the strategic architect, shaping the path to financial optimization.

article thumbnail

The Ultimate Guide to Bids and Tenders for Business Success

Procurement Freelancers

When businesses want to purchase goods or services, they often use bids and tenders to… The post The Ultimate Guide to Bids and Tenders for Business Success first appeared on Procurement Blog | Procurement & Supply Chain News.

Bidding 84
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

Coca-Cola’s Project Last Mile

Art of Procurement

“Coke is everywhere. In fact, when I travel to the developing world, Coke feels ubiquitous. […] If we can understand. The post Coca-Cola’s Project Last Mile appeared first on Art of Procurement.

article thumbnail

Watch: AI in the Supply Chain: Fact and Fiction

Supply Chain Brain

Tom Moore and Keith Moore, CEOs of, respectively, ProvisionAi and Autoscheduler.AI, talk about how AI is helping to solve problems in supply chains — and where it's more a matter of hype.

article thumbnail

Carhartt grows efforts to source sustainable cotton

Supply Chain Dive

The workwear brand is tapping the U.S. Cotton Trust Protocol and Better Cotton initiative in a bid for greater traceability and transparency over its supply chain.

article thumbnail

AI Dime A Dozen Post Reader Reactions!

Procurement Insights

One of the AI industry’s top experts and most vocal supporters had a few things to say on LinkedIn about yesterday’s post. The following exchange not only uncovers issues that need to be discussed openly, but it also makes for pretty good reading. Paul Baier Executive Fellow @HBS and CEO of GAI Insights | We help innovative AI leaders and vendors drive value with GenAI Jon W.

article thumbnail

Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

article thumbnail

Rosslyn: Vendor Analysis (Part 2) — Spend analytics product-level strengths and opportunities, voice of the customer, competitors and market analysis, user considerations, analyst commentary and summary

Spend Matters

Part 2 of this Spend Matters Vendor Analysis focuses on the strengths and opportunities of Rosslyn’s spend analytics solution. It also looks at the voice of the customer and the elements to consider when looking at Rosslyn as a potential solution provider. Part 1 of the series provided a history and overview of Rosslyn’s spend analytics solution and its roadmap.

article thumbnail

Is a Product Sourcing Agent Right for My E-Commerce Business?

Procurement Freelancers

Starting an online store is exciting, but you may face many obstacles you can’t overcome.… The post Is a Product Sourcing Agent Right for My E-Commerce Business? first appeared on Procurement Blog | Procurement & Supply Chain News.

article thumbnail

Procurement 6 – July 12th, 2024

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 Procurement 6 – July 12th, 2024 appeared first on Art of Procurement.

article thumbnail

Drug Supply Chains Need Better Visibility

Supply Chain Brain

Better communication is needed about the flow of drugs, from the manufacturer, through the distribution network to the hospital and, at the end, how those medications are being prescribed.

article thumbnail

Supply Chain Orchestration: A New Era in Supply Chain Management

When the only certainty is uncertainty, what does that mean for today’s supply chain management approaches? This eBook delves into how supply chain orchestration can help businesses unlock agility, transparency, intelligence, and trust across their end-to-end supply chain.

article thumbnail

UPS defends higher peak surcharges ahead of shorter holiday season

Supply Chain Dive

The magnitude of the added fees surprised one analyst, but CEO Carol Tomé said the carrier's pricing is in line with anticipated demand.

Price 128
article thumbnail

Procurement Cost Modeling: Why the “Frost(y)” reception

Procurement Insights

Simon Frost • 1st Procurement Expert: Supply Security | Advanced Cost Modelling | Sustainable Sourcing | Category Management | Training & Coaching | Global Adventures Yesterday, I co-hosted a webinar with Expana on Cost Modelling. The webinar went extremely well: 240 attendees! + great feedback – But a concerning insight surfaced… We ran several poll questions, the first being: “The cost model training that my business offers is…” And the answers were: 5/5 – excellent = 1% 4/5 – above

article thumbnail

Q2 2024 Insider roundup: A deep dive into intake management and orchestration; following procurement tech market movements; updated coverage of 16 vendors

Spend Matters

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

article thumbnail

Best Practices in Strategic Purchasing for Complex Markets

Procurement Freelancers

Navigating complex markets can be difficult for organizations in the fast-paced business environments of today.… The post Best Practices in Strategic Purchasing for Complex Markets first appeared on Procurement Blog | Procurement & Supply Chain News.

article thumbnail

The Project Clinic: Assessing Project Health, Planning, and Execution

Speaker: Ketan Jahagirdar

Picture your projects as patients, each with its own unique rhythm and pulse, thriving under your care 🥼 🩺 Step into the role of an innovative project doctor in our upcoming webinar! This session is your guide to evaluating the health of your projects through Waterfall and Agile practices like Scrum and Kanban. We’ll explore the vital signs of project success through the lens of the “iron triangle” metrics, using deliverables as tracers.