Supply Chain Shortages And Its Impact On Manufacturing
All Things Supply Chain
JULY 1, 2024
Globally, supply chain issues have become a pressing challenge, particularly impacting the manufacturing sector.
July, 2024
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Chinese Hackers Targeting Ships Across Europe With Malware on USB Sticks
Supply Chain Brain
JULY 11, 2024
Several USB sticks with malware have been found plugged into computers on freight vessels in Norway, Greece and the Netherlands dating back to January.
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Porsche supplier factory flood leads to aluminum shortage
Supply Chain Dive
JULY 30, 2024
The automaker expects disruptions to continue for several weeks, possibly leading to a manufacturing shutdown for certain vehicle series.
Chasing a Common Supply Chain Objective: Saving Lives
Art of Procurement
JULY 11, 2024
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.
From Reactive to Resilient: Charting Your Supply Chain Maturity
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Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.
CPO Crunch: Together, Better, Further, Stronger
Procurement Leaders
JULY 29, 2024
Last month, I spoke about how important it is for companies to collaborate with one another – and, of course, with their suppliers – if they are to make meaningful progress on reducing their Scope 3 footprint. As members of Procurement Leaders’ Risk and Sustainability Strategy Cohort gathered last week to discuss this topic in more depth, a sustainable procurement executive at one chemicals company illustrated both the scale of the challenge – and the potential power of thinking collaborativel
Luminance: Vendor Analysis — CLM solution overview, roadmap, competitors, user considerations, analyst summary
Spend Matters
JULY 8, 2024
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.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
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Nurturing Career Growth in the New Era of Supply Chain
Supply Chain Brain
JULY 1, 2024
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.
Ports of Indiana to build sea container terminal
Supply Chain Dive
JULY 15, 2024
The terminal is slated to begin operations as early as 2026, serving industries such as manufacturing, agriculture and consumer goods.
The Great Supply Train Robbery
Art of Procurement
JULY 25, 2024
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.
CPO Crunch: Take time to zoom in and help stamp out modern slavery
Procurement Leaders
JULY 22, 2024
A couple of years ago, the CPO of a major international chemicals company shared an image with me. At first glance, it was innocuous. Only when he pointed it out, did I notice a footprint on the floor of the factory that the image was of. And only after he had brought my attention to the scale of that footprint did it dawn on me that it belonged to a child.
The 2nd Generation of Innovation Management: A Survival Guide
Speaker: Chris Townsend, VP of Product Marketing, Wellspring
Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?
ProcureVue: Vendor Analysis — Spend Analytics solution overview, roadmap, competitors, user considerations, analyst summary
Spend Matters
JULY 1, 2024
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.
The Advantages of Big Data Analytics in Suppliers Management
All Things Supply Chain
JULY 8, 2024
Traditionally, purchasing and supply management (PSM) has strongly relied on data management, as procurement managers need to dispose of, clean, and update data of different natures to compare suppliers’ performance,…
New Report Says Supply Chains Must Embrace AI Now, or Be Left in the Dust
Supply Chain Brain
JULY 21, 2024
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.
Carhartt grows efforts to source sustainable cotton
Supply Chain Dive
JULY 15, 2024
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.
Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations
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.
De Minimis: Supply Chain Trifles the Law Should be Concerned With
Art of Procurement
JULY 18, 2024
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.
Being a CPO: Probably the best job in the world
Procurement Leaders
JULY 15, 2024
Being a chief procurement officer might be the best job in the world. That’s quite the statement but, writing this from the grounds of Château St. Gerlach near Maastricht as Procurement Leaders’ annual CPO retreat Ovation reaches its conclusion, I’m left in no doubt that it’s one based on reality. Why? That becomes clearer when you take a moment to step back and consider the sphere of influence and scope of impact that procurement has.
Empowering financial health: Enhancing working capital efficiency and early payment opportunities
Spend Matters
JULY 15, 2024
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.
Potential Efficiency Improvements: Vehicle Efficiency in Businesses
SCMDOJO
JULY 18, 2024
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.
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
Drug Supply Chains Need Better Visibility
Supply Chain Brain
JULY 31, 2024
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.
FedEx nabs $500M in ‘quality’ healthcare business
Supply Chain Dive
JULY 1, 2024
The deals involve creating customized procedures for critical shipments as the delivery giant competes with UPS in the high-value sector.
Coca-Cola’s Project Last Mile
Art of Procurement
JULY 4, 2024
“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.
CPO Crunch: Let’s get rational about ESG
Procurement Leaders
JULY 9, 2024
When it comes to ESG, there have been growing murmurs of discontent recently as political figures – predominantly in the US – attempt to push back on its growing influence. The arguments, which I won’t explore in detail here, are focused around whether markets are being manipulated and whether investors and corporations are being forced down a particular route unwillingly due to the reach of increasing regulation.
The Evolution of Control Towers to Command Centers
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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.
Debunking 5 common myths about Predictive Procurement Orchestration
Spend Matters
JULY 11, 2024
This content does not express the views or opinions of Spend Matters. 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.
Debunking 5 Common Myths About Predictive Procurement Orchestration
Arkestro
JULY 11, 2024
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.
Extreme Weather Along South African Coast Could Bring Shipping Delays
Supply Chain Brain
JULY 8, 2024
An intense cold front bringing snow to some areas of the country is resulting in damaging coastal winds, rains and waves that threaten infrastructure.
Port of Los Angeles to upgrade Port Optimizer after California grant
Supply Chain Dive
JULY 18, 2024
The nearly $8 million in funds will be used to improve container visibility, truck appointment integrations, emissions reporting and more.
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
Procurement 6 – July 12th, 2024
Art of Procurement
JULY 12, 2024
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.
CPO Crunch: Collaboration the key to progress on Scope 3
Procurement Leaders
JULY 1, 2024
Scope 3 data has emerged as an increasingly important topic within the Procurement Leaders community as supply chain sustainability has evolved from being a nice to have to a procurement imperative. Yet preliminary findings from our ESG glide path research ( participate in the survey ) indicate that more than one-quarter of procurement teams do not currently collect upstream emissions data about their suppliers and, of those that do, only half use primary data obtained from suppliers directly.
Q2 2024 Insider roundup: A deep dive into intake management and orchestration; following procurement tech market movements; updated coverage of 16 vendors
Spend Matters
JULY 10, 2024
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.
7 Steps to Streamline Your Procurement Contract Management
Procurement Freelancers
JULY 14, 2024
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.
Load Optimization: A Sustainable Way To Reduce Transportation Costs
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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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