Sat.Jul 30, 2022 - Fri.Aug 05, 2022

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The truck driver shortage is fueling supply chain chaos- What can be done to solve it?

All Things Supply Chain

In recent times, shortages of goods have caused widespread supply chain issues. Labor shortages have also been troublesome for production and the economy.

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How to issue an RFP for banking services with examples

RPF360

Discover tips, advice, and tools that will help you evaluate and select the perfect banking services for your organization. The post How to issue an RFP for banking services with examples appeared first on RFP360.

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Trending Sources

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5 Steps to Strategic Spend Management

ProcurePort

• An organization’s long-term growth and sustainability are hinged on strategic management of organizational expenditures. • An organization’s spending determines how much money goes to suppliers and how much remains to pursue other strategic growth objectives. • Strategic spend management is a renewed outlook on spending management entailing careful planning of your expenditure – overheads, […].

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Latest data reveals more is needed to attract candidates to the pharma sector

Procurement Heads

Broadbean’s statistics also reveal a 25% decline in the number of applicants year-on-year between June 2021 and June 2022. This drop in qualified resources has been a concern for some time, with specialist pharmaceutical roles being added to the Home Office’s shortage occupation list in March 2021, making it easier for international experts to apply for a skilled worker visa through the UK’s immigration system.

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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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Supply Chain Weekly Wrap-Up 07/29/2022-08/04/2022

All Things Supply Chain

U.S congress passes bill boosting the semiconductor industry The U.S.

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The Future of Supplier Management is Here, and it’s Holistic

ivalua

The Future of Supplier Management is Here, and it’s Holistic. Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. In fact, they go beyond simply supplier management, what they do is Supplier Engagement. Aligning suppliers to overall Procurement and broader business strategy is critical to create sustained long-term value. .

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5 REASONS I’M EXCITED TO MOVE INTO RECRUITMENT

Procurement Heads

?‍ Being part of a team. Self-employment was great, but people often forget it can be lonely and having the opportunity to bounce ideas off colleagues whether content ideas or candidate fits, having a team will be super advantageous for personal development. It’s been great getting to know the team the Heads Resourcing Group. Learning about public sector industries!

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How To Grow Your Textiles Manufacturing Company (With Digital Marketing Examples)

The Thomas Blog

It’s an active period of growth for some textile manufacturers, especially in the U.S. The pandemic, trade agreements, and changes in the economy have impacted the industry as a whole, but it's still on target for billion dollar growth in the years ahead. Suffice to say, there's opportunity in this sector of manufacturing, and if you're looking to increase orders—of if you already have a five-year plan to double your business and expand your facility—here are ways textiles manufacturers can get

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Watch: Machine Learning for Risk Analytics

Supply Chain Brain

With multiple layers of suppliers, artificial intelligence and big data can help companies get clean and useful information, says Jim Hayden, chief data scientist at Everstream Analytics.

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What is Supply Chain Management Process?

ProcurePort

• Defining supply management is difficult because of the many processes and disciplines involved. However, the best way to understand it is to refer to it as the aggregate of activities done to ensure a smooth flow of products from production to delivery to customers. • Managing supply chain activities is essential for the survival […]. The post What is Supply Chain Management Process?

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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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As e-commerce demand slows, Shopify bets big on fulfillment

Supply Chain Dive

The acquisition of Deliverr and a pilot with Flexport demonstrates how the company is leaning into what its CEO calls “the vertical integration of logistics.

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Sense & Respond

Let's Talk Supply Chain

In 2005 I came across a book, Sense & Respond (The Journey to Customer Purpose) Creating and Leading Sense-And-Respond Organizations. I was sitting on the train, on my way to a client site in Switzerland at the time (leading a global project working in Deloitte & Touch) and I came across this paragraph: “A sense-and-respond organization does not attempt to predict future demand for its offerings.

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Eleven Ways to Address Rising Fuel Costs

Supply Chain Brain

Despite the challenges higher fuel costs bring to industries, few companies have made significant efforts to address the issue. Fortunately, there are ways to mitigate the worst effects of the cost burden.

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Supply chain, labor issues forcing candy makers to problem solve

Strategic Sourceror

Whether it's a fruit-flavored lollipop, old-fashioned taffy or a king-size chocolate bar, Americans love their candy. And with the average citizen indulging in a sweet treat at least two to three times per week, according to data from the National Confectioners Association, it takes a lot of work to keep their sugar fixes satisfied. Indeed, the industry employs close to 58,000 people working in various capacities to keep the candy supply chain flowing.

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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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Leader of FedEx Ground contractor alliance slams CEO’s ‘tone-deaf’ response

Supply Chain Dive

The contractor group has also formed an association to voice concerns and, if necessary, "participate in legal challenges against FedEx Ground.

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IT Procurement | Stranger Things Keeping IT Buyers Up at Night

Una

IT Procurement | 'Stranger Things' Keeping IT Buyers Awake at Night. By Hugo Britt | August 4, 2022. *This post may contain Stranger Things spoilers. Proceed at your own risk. There are a whole bunch of terrifying creatures stalking the night in Netflix’s hit series Stranger Things. Even for seasoned audiences inured to horror tropes, the writers still manage to inspire fear.

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How the Metaverse Has Changed Manufacturing

Supply Chain Brain

While for some companies the concept of digital twins may be new, others in the manufacturing space have been using them for years now, proving not just their effectiveness, but also their ability to drive innovation in an increasingly competitive economy.

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Inventories pile up as customers buy less

Strategic Sourceror

During the pandemic, when buying activity was frenzied and personal savings were substantial, the modus operandi for retailers was pretty straightforward: If you have it in stock, customers will purchase it — whether in store or online. Product shortages were a common sight throughout much of the country, due in part to supply chain bottlenecks, so stocking up wherever possible made sense.

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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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Air cargo carrier for UPS expands operations in bid for autonomous flight

Supply Chain Dive

Xwing says data collected on piloted flights will allow it to accelerate the certification process for its "Superpilot" aviation software.

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Episode 76: Tapping Into the Thoughts of Today’s CPOs with Tarek Alaruri and Greg Tennyson

Una

Episode 76: Tapping Into the Thoughts of Today’s CPOs with Tarek Alaruri and Greg Tennyson. By Kelly Barner | August 3, 2022. The most interesting conversations at in-person events are rarely started from the stage. Instead, they take place quietly, one-on-one, in the coffee line or during lunch. Procurement has been on a two-year hiatus from these networking opportunities, so now that events are back on the calendar, what are CPOs talking about?

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Inmar Intelligence and Doddle Launch Inmar Post-Purchase Solutions

Supply Chain Brain

Ann-Marie Daugherty, executive vice president and president of supply tech with Inmar Intelligenc e, talks about the company's e-commerce post-purchase partnership with Doddle.

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New and Noteworthy Categories on Thomasnet.com for August 2022

The Thomas Blog

Since industry is constantly growing and evolving, Thomasnet.com ® is too. Our platform has over 75,000 categories of products and services, from alloy to zinc, for professionals like you to source from. And thanks to our industry specialists, we are constantly researching and adding to our platform with new supplier categories to help you keep up with current market trends. 1.

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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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Ford expands battery sourcing pool as supply concerns mount

Supply Chain Dive

The automaker is diversifying the mineral mix for batteries used in electric vehicles as it looks to ramp up production.

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Technology Trends in Procurement

Una

5 Technology Trends in Procurement. By Hugo Britt | August 2, 2022. We like talking about savings in big numbers at Una , but even we are awed by the sheer scale of the procurement technology market. You may have had a hint of its size from the dozens of ads that pop up as you browse the internet, or the number of technology vendors clamoring for your attention at procurement conferences.

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What If You Treated Your Data Supply Chain Like the Physical Supply Chain?

Supply Chain Brain

While the task and responsibility for managing the data supply chain is primarily the responsibility of information technology professionals, the concepts and tools we use every day directly apply to the data supply chain as well as the physical supply chain. .

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How much more money will someone with a procurement certification make versus someone who doesn’t have one?

Procurement Insights

As you all know, I am a big believer in doing thorough research into a topic before writing about it. While this LinkedIn poll may not be an industry-wide exercise, it is invaluable because it provides an excellent starting point for a meaningful and long-overdue dialogue. In other words, and like the quality of a musical instrument’s sound is based on the musician playing it, when it comes to industry certification, its ultimate value is based on the professional who can apply the knowled

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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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Better buys: How CIO leadership impacts the enterprise IT procurement process

Supply Chain Dive

Faster, leader-driven decisions on tech purchases correlate with happy tech customers, Gartner research shows. With budgets tightening, CIOs can make this happen.

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SAP Ariba and the future of the source-to-pay suite: Ecosystems, complexity and a more holistic approach to evaluating procurement technology

Spend Matters

Categories: Market Intelligence , Procurement Systems & Architecture , SAP , Solution Providers , Source to Pay , Spend Management , Technology Tags: PRO The way businesses evaluate and buy software is beginning to evolve, and the vendors positioned to win in this new wave are those that embrace a mantra of customer-centricity, agility and “openness.

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Taiwan Tensions Raise Risks in One of Busiest Shipping Lanes

Supply Chain Brain

The standoff between the U.S. and China over Taiwan has thrown a spotlight on growing risks to one of the world’s busiest shipping lanes — even a minor disruption could ripple through supply chains.

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[Pod] Hour of Change and Challenge: 10X the Impact of Procurement

Art of Procurement

“We choose to go to the moon in this decade and do the other things not because they are easy, The post [Pod] Hour of Change and Challenge: 10X the Impact of Procurement appeared first on Art of Procurement.

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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.