Sat.Jul 20, 2024 - Fri.Jul 26, 2024

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CPO Crunch: Take time to zoom in and help stamp out modern slavery

Procurement Leaders

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.

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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.

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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.

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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.

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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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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.

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How To Avoid And Reduce Machine Downtime

SCMDOJO

Machine downtime is a thorn in the side of your business, and it unfortunately happens more than you think. Did you know that over 83% of businesses experienced unplanned downtime in the last year? Machine downtime inconveniently halts production, causes stress, and can be avoided with proper planning. Keep reading as we discuss how you can avoid and reduce machine downtime to ensure no unexpected and stressful hiccups in your manufacturing process.

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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.

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Top 6 Trends Revolutionizing Supplier Auditing in 2024

Procurement Freelancers

Companies that are heavily invested in sourcing should do their utmost to keep their logistics… The post Top 6 Trends Revolutionizing Supplier Auditing in 2024 first appeared on Procurement Blog | Procurement & Supply Chain News.

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

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Rosslyn and its solution for spend analytics. In today’s rapidly evolving business landscape, procurement is no longer just about purchasing goods and services. It’s about strategically managing resources, optimizing supply chains and driving organizational value. As procurement’s role becomes more complex, the need for advanced tools to manage and analyze spending increases.

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Watch: Getting a Grip on Supply Chain Visibility

Supply Chain Brain

Abe Eshkenazi, chief executive officer of the Association for Supply Chain Management (ASCM), discusses the challenge of achieving true end-to-end visibility across global, multi-tier supply chains.

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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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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.

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5 Game-Changing Benefits of Strategic Purchasing

Procurement Freelancers

Suppose you discover a key that can transform the way your business acquires the products.… The post 5 Game-Changing Benefits of Strategic Purchasing first appeared on Procurement Blog | Procurement & Supply Chain News.

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How to choose the best procurement software for your company in 2024

Fraxion

Adopting new software is a big decision for companies of all sizes. Not only will you have to transition your existing processes, you'll have to train your team and onboard them.

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Cargo Ship Arrives at Zeebrugge With Infestation of Wolf Spiders

Supply Chain Brain

The Glovis Sun — carrying a couple thousand cars as its cargo — had recently traveled around Southern Africa, before arriving at the Port of Zeebrugge on July 18.

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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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DOT Secretary Buttigieg notes sweeping role of federal aid on supply chains

Supply Chain Dive

“Our supply chains are stronger, are more resilient, than they were three-and-a-half years ago,” he said during a keynote address Wednesday.

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How to Efficiently Organize a Stockroom: A Comprehensive Guide by Finale Inventory | Ecommerce

Finale Inventory

Maintaining an organized stockroom is vital for any ecommerce business. It ensures smooth operations and enhances efficiency and profitability. This guide covers the significance of a well-organized stockroom, basic organization principles, steps for effective organization, advanced strategies, and advice for businesses of various sizes. Understanding the Importance of an Organized Stockroom The Role of a Stockroom in Ecommerce A stockroom acts as the core of an ecommerce business, centralizing

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An Advanced Look at Teal IQ (AI Data Discovery and Enrichment)

Procurement Insights

Taking You Well Beyond A Solution Demonstration The meeting between Fahad Muhammad and Jon Hansen focused on the introduction and overview of the Teal IQ platform, its capabilities, data validation using AI and ML, data structuring, client feedback, and supplier benefits, including: Teal IQ product introduction Frequency of running Teal IQ reports Dynamic diagnosis Product demonstration Future plans.

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Air Freight Could Take 'Days or Even Weeks' to Recover from CrowdStrike Crash

Supply Chain Brain

Both FedEx and UPS have warned customers to expect delays on package deliveries originally slated for the date of CrowdStrike's outage on July 19.

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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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Kroger Q1 delivery sales boosted by automation

Supply Chain Dive

The grocer is recommitting to automation tech after improved e-commerce results in its most recent fiscal quarter.

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Best Practices for Organizing and Storing Construction Materials with Finale Inventory

Finale Inventory

In the construction industry, effective organization and storage of materials is key for successful project management. With the growth of ecommerce and the increasing complexity of inventory management, companies require efficient systems to streamline their operations. Finale Inventory is a valuable tool that aids in organizing and storing construction materials.

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Procurement 6 – July 26th, 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 26th, 2024 appeared first on Art of Procurement.

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Watch: Tearing Down Silos in the Supply Chain: Can AI Help?

Supply Chain Brain

Why is the supply chain historically more siloed than other functions? And what can be done about it? Ashutosh Dekhne, Americas supply chain and operations practice leader with EY, offers guidance.

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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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Kroger to add new Ocado technology to automated fulfillment centers

Supply Chain Dive

The capabilities focus on efficiency and labor productivity and signal that, despite slowing down the rollout of CFCs, the grocer’s work with the British company is far from done.

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Mastering Year-End Financial Statements: A Comprehensive Guide by Finale Inventory | Ecommerce

Finale Inventory

Year-end financial statements are pivotal for any business. They go beyond offering a snapshot of your company’s financial position at a specific time. These statements allow you to evaluate your business’s performance over the year, pinpoint areas needing improvement, and make informed future decisions. This guide covers the significance of year-end financial statements, their key components, best practices for preparation, and strategies for analysis and enhancement.

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Want Better Procurement Outcomes? Apply Game Theory

Arkestro

Resources / Blog / Want Better Procurement Outcomes? Apply Game Theory Want Better Procurement Outcomes? Apply Game Theory Even if you’ve never heard of game theory, if you’ve played a board game that requires strategic thinking, trades, or payoffs, you’ve undoubtedly used it before. For example, in chess, you’ve most likely sacrificed lesser valuable pieces like pawns in exchange for more strategic positioning to set yourself up for future moves.

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Crews 'Racing Against Time' to Contain Oil Spill in Manila Bay

Supply Chain Brain

Massive waves brought on by typhoon rainfall reportedly sank the MT Terra Nova tanker on July 25, killing one crew member, with 16 others rescued.

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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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Hasbro names new chief supply chain officer

Supply Chain Dive

Stephanie Beal aims to refine processes to drive efficiency as the toy manufacturer implements a multi-year turnaround plan.

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Implementing a Barcode System for Inventory Management with Finale Inventory | Ecommerce

Finale Inventory

In the fast-moving ecommerce environment, effective inventory management is vital for businesses to remain competitive. A key tool that can significantly enhance inventory management accuracy and speed is a barcode system. This article highlights the role of barcode systems in inventory management and provides guidance on implementing one using Finale Inventory.

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Social Value – How does it link with schools, suppliers, and supply chains?

Value Match

Categories Best Practice Guides Bid Management Business Case Study Circular Economy Community Story Contract for Change Cyber Security Environment and Climate Equality and Inclusion Government Buying Standards House of Commons Committee of Public Accounts Human Rights and Modern Slavery Legislation National Audit Office Reports News Procurement Best Practice Procurement Policy Notes Procurement Strategy Public Sector Library Public Sector Policy Resourcing Responsible Organisational Management S

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Lawsuit Claims Port of LA Has Flooded Bay With Wastewater for Years

Supply Chain Brain

The environmental group alleges that the port's pump station violated Clean Water Act discharge limits more than 2,000 times in the last five years.

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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.