Sat.Dec 05, 2020 - Fri.Dec 11, 2020

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Category Management Tactics and Execution

ProcurePort

No matter who is playing, a chess match is played one move at a time. However, the greats, the grandmasters and prodigy’s, they all play these matches far, far more quickly than that. See, in the mental landscape of a chess grandmaster, they are likely playing the game 10 or 15, or even 20 moves […]. The post Category Management Tactics and Execution appeared first on ProcurePort Blog.

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10 Commandments of Inventory Management

All Things Supply Chain

Amongst the primary operations of running a supply chain department is inventory management. It is a crucial responsibility that could either break or make a business.

Inventory 272
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Procurement Rising – The Time is Now

ivalua

Procurement’s stature has grown during the COVID-19 crisis as costs, cash flow and supply continuity quickly became top boardroom priorities and homepage news. Across the world, procurement leaders have risen to the challenge. Examples abound. Honeywell successfully shifted production to N95 masks, helping keep healthcare workers safe. The city of New York adjusting normally cumbersome processes to secure new sources of supply for unprecedented numbers of ventilators.

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Podcast | What It Takes to Make Direct-to-Consumer Fulfillment Work

Supply Chain Brain

Retailers selling over the internet can’t hope to compete without a reliable and effective direct-to-consumer (DTC) model for fulfillment. But setting one up is anything but easy.

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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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Inventory Management vs Product Information Management (PIM)

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is Product (or Master) Data Management? Get Our EBOOK HERE. The following Product Information Management (PIM) article was written by guest author Alex Borzo, a content contributor at Amber Engine , a software company passionate about eCommerce. The company’s fast and simple PIM software gets sellers, distributors and brands to market in weeks instead of months.

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Three essential trends driving Asia Pacific e-commerce automotive aftermarket size by 2026

All Things Supply Chain

The Asia Pacific e-commerce automotive aftermarket is poised to record substantial gains owing to increasing automotive part sales in the region.

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Watch: How the Biden Administration Will Affect Trade and Supply Chains

Supply Chain Brain

Abe Eshkenazi, chief executive officer of the Association for Supply Chain Management, discusses the expected impact of the incoming Biden Administration on international trade, reshoring and supply-chain sustainability.

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6 Techniques to Reduce Last Mile Delivery Costs!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Last Mile Delivery Explained! (Infographic). Get OUR EBOOKS HERE. Reduce last mile delivery costs article and permission to publish here provided by R. Kamalesh. Last mile deliveries are one of the major costs that companies bear when it comes to breaking down the costs of the supply chain as a whole.

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Driving Dock Efficiency with a Yard Management System

FourKites

Dock workers are the backbone of the yard. Without them, goods don’t make it in or out of a trailer. But when it comes to visibility, dock workers aren’t typically given the foresight they need to do their jobs efficiently. That’s where a yard management system can help. Let’s take a look at the common dock management problems in the yard to better understand how a YMS can alleviate many of those day-to-day pain points.

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AMER 2021 – Jorge Pont – Google

ivalua

Jorge Pont Director, Commodity Management – Memory, CPU/GPU/OEM H/W, Google Cloud. Jorge and his team work with the Google data center platforms engineering teams selecting. memory and processor technology and suppliers. He manages the memory and processor. supply chain, including supplier selection, negotiation of business and other terms, and. management of quality, cost, and supply.

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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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Plane-Crash Risk Seen Rising on FCC Plan to Expand 5G Spectrum

Supply Chain Brain

A plan to redeploy spectrum for super-fast 5G wireless networks is sparking concern among aviation safety experts that it could result in interference with the electronics on aircraft, potentially leading to crashes.

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How to Get Great Amazon Reviews!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How to Sell on Amazon! The Complete Guide! Amazon reviews article and permission to publish here provided by Susan Melony. When you have a product you sell on Amazon, the whole package is important, quite literally. Customers have thousands of options at their fingertips in any given product category, and that means they can be discerning.

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Inventory Carrying Cost: What It Is, How to Calculate It and How to Reduce It

FourKites

What is inventory carrying cost? Inventory carrying cost, or more simply referred to as “carrying cost,” is the sum of all the costs associated with holding inventory or stock in storage or warehouse. It includes hard costs like your investment in the product, physical warehouse or storage space, transportation and distribution fees, as well as soft costs like taxes, insurance and the personnel needed to manage the product.

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Amer 2021 – Cleveland – Speaker

ivalua

John D. McCullough CPHIMS, RHIA, MBA, Interim Associate Chief Information Officer & Executive Director, ITD Digital Business Applications. John D. McCullough, CPHIMS, RHIA, MBA is the Domain Lead of ITD Digital Business. Applications at Cleveland Clinic. He leads a team of caregivers charged with advancing. and transforming enterprise administrative systems, including revenue cycle, patient. access, enterprise content management, service management and data integration.

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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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Three Lessons for the Food Industry in 2021

Supply Chain Brain

COVID-19 has taught the food industry some important lessons about modernizing quality, safety and vendor management.

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Why Get a Product Sourcing Agent?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Importing From China! The Essential Guide! Get OUR EBOOKS HERE. Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. When starting your importation business, finding the primary resources required is one of the first and most vital steps.

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How To Adopt a Customer-Driven Supply Chain Strategy

FourKites

What is a customer-focused supply chain? Having a customer-focused supply chain essentially means meeting the customer on their terms, rather than making them settle for yours. It’s about promoting transparency and sharing information with your customers proactively, without making them dial into your helpdesk or support team. For example, many of our customers use tools like FourKites Notification Rules, encrypted links and watcher settings to simultaneously alert key stakeholders both within t

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Tealbook

ivalua

Tealbook is a Big Data company that provides a platform to fix enterprise supplier data forever. Tealbook does this through proprietary Autonomous Data Enrichment technology which proactively captures and maintains changing supplier information. In addition, Tealbook provides a data foundation that can be leveraged by other eProcurement solutions to ensure these larger investments are successful.

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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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Crane Worldwide Logistics Announces Contract Logistics Growth in Europe, Middle East and Africa

Supply Chain Brain

Crane Worldwide Logistics recently announced that it would further extend its contract logistics footprint within Europe, the Middle East and Africa.

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How to Create Baseline in Absence of Historical Data!

Empowering CPO

What is Baseline? Baseline preparation is one of the most important phase during any Strategic Sourcing process. Procurement service provider completes this step immediately after the collection of historic data and after understanding of the requirement for the next contract period. Baseline can be defined as the total cost of ownership for the set of goods or services as defined in the RFP scope.

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How Supplier Risk Management needs to evolve in 2021

Zycus Cognitive Procurement

The pandemic has taught us supply chain professionals a precious lesson in supply chain risk management. The pandemic has put to the test, flexibility, adaptability, and resilience of supply chains. Very few were able to stand their ground. The supply disruption triggered in China sent shock waves all around and shut down the global economy. It exposed weak links in production strategies and supply chains of organizations.

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How to Drive Internal Adoption of Your Real-time Transportation Visibility Platform

FourKites

At its core, rolling out a real-time transportation visibility platform – or any enterprise technology, for that matter – is both a change management project and a leadership opportunity. By focusing on the people, process and technology as three critical legs of the solution, a good business leader can overcome just about any challenge that’s thrown their way.

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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.

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Which Countries Have Reserved the Most COVID-19 Vaccines? U.S. Is 32nd on List

Supply Chain Brain

Thirty-one countries around the globe have reserved more COVID-19 vaccine per capita than the U.S., according to an analysis of country vaccine agreements.

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Are you still spending time and money to run a lengthy RFI/RFQ/RFP process for a SaaS platform purchase?

Solvoyo

Companies tend to engage in request for information (RFI), request for quote (RFQ) and request for proposal (RFP) processes to make sure they end up choosing the right software that meets their business and IT requirements. However, I believe there is a major drawback in this traditional process that ignores today’s fundamental improvements in technology and the need for higher speed in business decisions. .

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5 Ways to Get Employees Engaged in Supplier Diversity Efforts

GoProcure blog

Implementing a supplier diversity program can be a great way to improve procurement. Doing so can help expand your access to innovative products and services, while also gaining benefits like improved employee experience and the ability to recruit top talent. “Most job seekers (70%) value a commitment to diversity in potential employers,” notes business news website The Manifest.

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Should Procurement Organizations Depend on Directories and Databases for Finding Suppliers?

Empowering CPO

Preparing list of eligible suppliers before publishing an RFP or RFI is one of the most important step during execution of strategic sourcing process. The outcome of this step directly affects rest of the steps, final results as well as the final savings. Thus it becomes more pertinent to review and analyze the method that is adopted to finalize the list of potential suppliers.

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.

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Can a Dual-Use Strategy Save the Struggling Shopping Mall?

Supply Chain Brain

Lou Conforti sees no reason why a shopping mall can’t contain both traditional brick-and-mortar stores and last-mile fulfillment operations for online purchases.

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FourKites’ Latest CAB Shows Supply Chain Collaboration on the Rise

FourKites

Since 2017, FourKites has convened a panel of the most involved companies within our global customer base for our Customer Advisory Board (CAB). We leverage these panel discussions to validate product ideas and guide our product roadmap, create champions and buy-in for our brand, and gather intelligence about the state of the industry. We also structure the conversations in such a way to maximize peer-to-peer collaboration between executive sponsors at our customers in order to reinforce the pow

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Supply Chain Weekly Wrap-Up 12/4/2020 – 12/10/2020

All Things Supply Chain

Hackers target vaccine cold chain distribution network New research suggests that hackers are escalating attacks on the distribution networks of COVID-19 vaccines.

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The Economic Impact of the Pandemic: Survival of the Most Adaptable

Jaggaer

The post The Economic Impact of the Pandemic: Survival of the Most Adaptable appeared first on JAGGAER.

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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.