Procurement Leaders
AUGUST 12, 2024
In this Olympic year, it was fitting that we handed out some gold medals at Ovation – Procurement Leaders’ CPO summit that took place last month in the Netherlands. Sadly we didn’t have any real gold medals, but the construct of competition did provide the motivation for CPOs to recognise their peers who they believed were doing something extraordinary to drive progress in sustainability.
Supply Chain Queen
AUGUST 10, 2024
Sustainability strategies often revolve around two key concepts: adaptability and resilience. Both are crucial for creating sustainable systems, but they approach challenges in different ways. Here’s a breakdown of how each strategy works: Adaptability Adaptability focuses on the ability of a system or organization to change in response to new conditions.
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All Things Supply Chain
AUGUST 12, 2024
A new study found that 90% of organizations are planning to enhance their ESG investments over the next three years, with a significant focus on improving data management systems using artificial…
Art of Procurement
AUGUST 15, 2024
Oceana is a marine conservation nonprofit that has focused on seafood mislabeling for years, or “fish fraud” as it is. The post Fishing for Truth in the Seafood Supply Chain appeared first on Art of Procurement.
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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.
Supply Chain Dive
AUGUST 12, 2024
The agency's Priority Mail Services volume dropped by 40.7% for the quarter that ended June 30 as shippers moved to more cost-effective options.
Supply Chain Brain
AUGUST 14, 2024
The concept behind Foreign-Trade Zones (FTZs) is not hard to grasp — they act as secured places for receiving cargo into the U.S. without incurring tariffs, yet. Then, there are multiple ways those tariffs can be reduced. And yet, many companies are failing to make the most of FTZs to reduce costs, because they’re intimidated by the legal and organizational hurdles.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
SCMDOJO
AUGUST 15, 2024
Effective communication is paramount for success. Retail supply chains are complex networks that require seamless coordination among various stakeholders, including suppliers, manufacturers, and logistics providers. Email hosting has emerged as a pivotal tool in modernizing these communication channels, enabling real-time collaboration and data sharing.
Supply Chain Dive
AUGUST 14, 2024
The latest action by CN impacts U.S. originating intermodal railcars destined for Canada, while CPKC will discontinue domestic reefer shipments.
Supply Chain Brain
AUGUST 12, 2024
A survey from Gartner found that effectively responding to team resistance and incorporating feedback increased the odds of transformation success by 62%.
Spend Matters
AUGUST 12, 2024
Part 1 of this Vendor Analysis provides a history and overview of Graphite Connect’s supplier management solution and gives the solution’s roadmap/vision. Part 2 focuses on the strengths and opportunities of Graphite Connect’s solution. It also looks at the voice of the customer and the elements to consider when looking at Graphite Connect as a potential solution provider.
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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.
Arkestro
AUGUST 15, 2024
"Never waste a good crisis" is a phrase worth pondering in the realm of digital transformations for supply chains. Historically, major companies neglected supply chain transformation and digital investments until global disruptions, such as the Covid pandemic, forced a change. Amid these challenges, there lies an opportunity: supply chain crises can catalyze buy-in and funding for much-needed transformation initiatives.
Supply Chain Dive
AUGUST 12, 2024
The fast food chain’s purchasing cooperative will use Palantir’s artificial intelligence platform to connect suppliers, distributors and restaurants.
Supply Chain Brain
AUGUST 14, 2024
Staring down the looming threat of a work stoppage at East/Gulf Coast ports, retailers have opted for earlier shipping schedules in 2024.
Spend Matters
AUGUST 12, 2024
This Spend Matters Vendor Analysis provides an overview of Graphite Connect and its solution for supplier management. Part 2 of this Spend Matters Vendor Analysis will focus on the strengths and opportunities of Graphite Connect’s supplier management solution, present customer comments and list the elements to consider when looking at Graphite Connect as a potential solution provider.
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
Procurement Insights
AUGUST 14, 2024
EDITOR’S NOTE: 75% of all solution providers will be gone by the end of 2025. Based on the above post, I was asked to provide a high-level overview of my take on the pending AI Bubble Burst and identify three companies I thought would emerge relatively unscathed and whole. As I am not generally a fan of the M&A game—or, as I call it, market share grabs to boost portfolios with replaceable parts, e.g., solution providers—I could not ignore the timing of the Jaggaer acquisition.
Supply Chain Dive
AUGUST 16, 2024
The central bank at a meeting next month is expected to weigh cooling inflation against signs that the labor market is loosening up.
Supply Chain Brain
AUGUST 14, 2024
Global investors are lasered onto China’s struggling economy, even as they also contemplate the possibility of a recession in the U.S.
SCMDOJO
AUGUST 10, 2024
The freight industry operates within a complex network characterized by numerous inefficiencies. To optimize operations, reduce costs, and minimize environmental impact, a multifaceted approach is required. This article explores key strategies for enhancing logistical efficiency and thus improving profitability and reducing cost. Logistical Efficiency in Sourcing, Distribution, and Delivery Local Sourcing: While offering potential environmental benefits, local sourcing introduces complexities l
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.
Procurement Freelancers
AUGUST 10, 2024
Emerging businesses are always under pressure to streamline their processes, save expenses, and maintain a… The post How Procurement Consultants Enhance Business Success first appeared on Procurement Blog | Procurement & Supply Chain News.
Supply Chain Dive
AUGUST 13, 2024
The box retailer’s cross border network provides full container load freight service from China to the U.S.
Supply Chain Brain
AUGUST 11, 2024
If you’re looking to get a glimpse into the future of technology for managing the pharmaceutical cold chain, pay attention to where investors are placing their bets.
The Good Spending
AUGUST 14, 2024
In our earlier posts, we discussed the applications of NPV analysis and opportunity cost. Now, we have developed a business case to present the combined use of both methods. Base Scenario: Upgrade of a Key Component This business case evaluates the financial implications of upgrading a key component in a new product line over 3 years. The focus is calculating the Net Present Value (NPV) of such an upgrade and comparing it with alternative investment opportunities.
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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.
Procurement Freelancers
AUGUST 14, 2024
Businesses must make the strategic decision to source locally or globally for their procurement needs… The post Global vs. Local Sourcing: A Procurement Team’s Guide to the Ups and Downs first appeared on Procurement Blog | Procurement & Supply Chain News.
Supply Chain Dive
AUGUST 12, 2024
The added costs, starting in October, will come as the e-commerce giant gears up for a shorter holiday shipping season.
Supply Chain Brain
AUGUST 14, 2024
After the COVID-19 pandemic caused significant industrial demand fluctuations and exposed weaknesses in existing supply chains, distributors have begun to rethink inventory management and supply chain strategies. This guide explores how one of North America’s largest distributors, White Cap, has navigated these challenges by enhancing demand forecasting, centralizing inventory decision-making, and leveraging advanced technology.
Pipefy
AUGUST 16, 2024
IT services are now more important than ever, and the complexity of these services has also increased due to the increasing integration of new technologies into IT infrastructure. In addition, the growing need for secure solutions for remote work and uninterrupted connectivity have created unprecedented challenges in providing organizations with the resources they need to remain competitive.
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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.
Arkestro
AUGUST 16, 2024
High-Tech Manufacturing Supercharge team performance with automated negotiations, delivering greater results with minimal effort. Get in touch Our solutions Speed Up and Scale Your Procurement Processes for High-Tech Gains Arkestro revolutionizes the high-tech manufacturing industry with Predictive Procurement Orchestration. Our platform enhances procurement outcomes and fosters seamless team collaboration.
Supply Chain Dive
AUGUST 16, 2024
Although the crisis caused rates to spike to their highest level this year, demand still increased 13% year over year during the month.
Supply Chain Brain
AUGUST 13, 2024
Automakers based in South Korea are taking action to address the growing fears over EV safety, after an unplugged electric Mercedes-Benz sedan caught fire.
Procurement Insights
AUGUST 16, 2024
EDITOR’S NOTE: One of the up-and-coming NextGen thought leaders, Bilawal Shahbaz Khan , posted this 30-second “Root Cause” video on LinkedIn. Click on the image below to watch the video, and join the discussion stream with your opinion – I share my thoughts below. Click Here To Watch Here is my takeaway, what’s yours? “A great example of why the agent-based people-process-technology implememntation model is the key to ProcureTech success.” Ask why?
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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.
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