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.
Advertiser: GEP
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.
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.
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.
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%.
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: 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
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.
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
Staring down the looming threat of a work stoppage at East/Gulf Coast ports, retailers have opted for earlier shipping schedules in 2024.
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.
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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.
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.
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
Global investors are lasered onto China’s struggling economy, even as they also contemplate the possibility of a recession in the U.S.
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.
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 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?
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.
Finale Inventory
AUGUST 16, 2024
Do you want to ensure smooth inventory management and streamline your ecommerce operations? One key aspect to focus on is efficient inventory labeling. In this comprehensive guide, we will cover the importance of inventory labeling, the basics of labeling, steps to achieve efficient labeling, advanced techniques, and how to choose the right inventory labeling software.
Advertiser: GEP
AI isn’t the future. It’s here, now. 30% of businesses have invested in AI. Another 57% will do it in the next 12 months*. From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. But here’s the secret: success will only come from strong human-AI collaboration, reveals this new new Economist Impact report.
CPO Rising
AUGUST 16, 2024
Fridays (in 2024) means that it’s time for another CPO Rising Listicle. Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help… The post CPO Rising Listicle: Recognize Accounts Payable Excellence in 7 Ways appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
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 15, 2024
Are we finally seeing the end of the longest freight recession in recent decades? It’s the question on everyone’s mind — and has been for over a year.
Finale Inventory
AUGUST 16, 2024
Efficient inventory management is vital for the success of construction professionals. With the right system in place, businesses can streamline their operations, minimize costs, and improve overall productivity. One powerful tool that construction pros can utilize for efficient inventory management is Finale Inventory. This article discusses the importance of efficient inventory management in construction and how Finale Inventory can help businesses thrive in the digital landscape of ecommerce.
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.
Procurement Insights
AUGUST 16, 2024
EDITOR’S NOTE: The following is my response to Laura Barrett’s very good post about SRM and centralization versus decentralization. To start, here is an excerpt of a post I wrote in Sept. 2007 – [link] “Process understanding starts and ends with the premise of centralized visibility and departmental empowerment. “It is my position that a true centralization of procurement objectives requires a decentralized architecture that is based on the real-world operating attributes
Supply Chain Dive
AUGUST 15, 2024
The charges, some of which start in September, fall closely in line with what rival UPS unveiled.
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.
Finale Inventory
AUGUST 16, 2024
In the fast-paced ecommerce sector, managing inventory effectively is vital for success. The ability to efficiently organize and track manufacturing inventory can significantly influence a business’s performance. Fortunately, there are strategies and tools available to simplify the inventory management process. One such tool is a useful inventory template, which can guide you in organizing and monitoring inventory efficiently.
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
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