Sat.Apr 10, 2021 - Fri.Apr 16, 2021

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The Importance Of A Balanced Inventory Management System

All Things Supply Chain

Operating a warehouse requires knowing where inventory is at all times. Warehouse workers receive products, take orders and retrieve them from the shelves every day.

Inventory 260
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Supplier Management Tools Every Organization Needs

ProcurePort

Are you wondering what some of the best supplier monitoring tools on the market today are? You’re in the right place. You see, enterprises work with numerous vendors and various other third parties on a daily basis. It can become extremely overwhelming for team members if there are no dedicated channels to communicate, manage, and […]. The post Supplier Management Tools Every Organization Needs appeared first on ProcurePort Blog.

Suppliers 130
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3 Ways Procurement Can Help Grow Revenues (Part 2)

ivalua

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. These are less revolutionary than the first but not used to their potential at most organizations. 2. Unlocking Supplier-Led Innovation. Supplier-led innovation can help increase margins, accelerate time to market and differentiate products/services to capture market share.

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Higher Shipping Costs Are Here to Stay, Sparking Price Increases

Supply Chain Brain

Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers.

Price 128
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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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Right to Repair – How the European Union tries to extend the lifecycle of products

All Things Supply Chain

Technology is becoming more integrated into our daily lives, but the life span of devices is getting shorter.

Logistics 321
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5 Advantages of Using the Cloud for Contract Management

ProcurePort

The cloud has revolutionized procurement as we know it. CEO of Microsoft Satya Nadella says, “Everything is going to be connected to cloud and data…All of this will be mediated by software.” The future is here and cloud computing is a very big part of it. So essential is it that it’s already being integrated […]. The post 5 Advantages of Using the Cloud for Contract Management appeared first on ProcurePort Blog.

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Reducing Supply-Chain Disruptions Through Integrated Logistics

Supply Chain Brain

Supply-chain and logistics challenges fueled by the COVID-19 pandemic have demonstrated how transportation partners with integrated, flexible offerings can keep the supply chain flowing.

Logistics 133
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Supply Chain Weekly Wrap-Up 04/09/2021 – 04/15/2021

All Things Supply Chain

Rising jet fuel price puts extra pressure on airfreight sector The rising price of jet fuel this year is further burdening companies with airfreight shipments, and could reduce limited capacity…

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Category Management vs Strategic Sourcing – Breaking Down the Differences

ProcurePort

When it comes to procurement efforts there is an entire library of information on tactics, strategies, and practices. There’s almost so much information that it’s difficult to sift through at times. Two of the most common supplier-management strategies in the history of procurement are category management and strategic sourcing. Both are valid options of developing […].

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What is Bitcoin Selfish Mining?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is the Right Cryptocurrency Mining Software for You? Bitcoin selfish mining article and permission to publish here provided by Jean Nichols. Selfish mining is a method of mining crypto assets in which a gathering of miners band together to maximize their revenue and gain control over a blockchain. “Mining” relates to the procedure of endpoints throughout the cryptocurrency network validating and confirming tr

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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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How 0G Network Sensors Protect the Vaccine Cold Chain

Supply Chain Brain

The low-cost, low-power wireless network can significantly reduce the risk of temperature excursion, especially in developing nations.

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Improving Resilience and Agility with DevNet on One Network’s Adaptable Supply Chain Platform

The Network Effect

The post Improving Resilience and Agility with DevNet on One Network’s Adaptable Supply Chain Platform appeared first on The Network Effect.

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The Intelligent Award Navigator: Time to Think Big about Your Award Scenarios!

Jaggaer

The post The Intelligent Award Navigator: Time to Think Big about Your Award Scenarios! appeared first on JAGGAER.

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Amazon FBA Advantages and Disadvantages!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Which is Better? Amazon FBA or 3PL? Get Our EBOOK HERE. Amazon FBA advantages and disadvantages article and permission to publish here provided by Sheikh Fareed. Choosing the right fulfillment strategy can make or break your Amazon business. There are two primary options – fulfillment by merchant (FBM) and fulfillment by Amazon (FBA).

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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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Solving Supply-Chain Disruption Comes Down to Mathematics

Supply Chain Brain

With a digital twin and a problem-solving engine, organizations can analyze supply-chain risks and sense disruptions in real time.

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How to Become an Expert Negotiator

Negotiation Training by TableForce

Let’s start by defining what it means to be an expert negotiator: Expert - a person who has a comprehensive and authoritative knowledge of or skill in a particular area. I see a LOT of people refer to themselves as “experts”. In my opinion, you’re NOT an expert until someone ELSE refers to you [.

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Three Ways Procurement Can Drive Sustainability Through the Supply Chain

SupplyShift

SupplyShift takes a look at three ways that supply chain professionals can drive sustainability through procurement practices. In 2021 and the decade ahead, it’d be safe to assume that consumers will no longer spend their hard-earned money on the products that your company produces if your business operations aren’t authentically and transparently sustainable.

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What is the Lightning Network of Bitcoin?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Considerations Before Investing in Bitcoin! GET our EBOOK HERE. Lightning network article and permission to publish here provided by Jean Nichols. Lightning Network (LN), a dielectric constant that allows bitcoin users to conduct off-chain payments, is considered a tournament in cryptocurrency development.

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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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A Fulfillment Startup Embraces WMS in the Cloud — Just in Time for COVID-19

Supply Chain Brain

Resurge, a new provider of warehousing and order-fulfillment services, needed a WMS that would allow it to grow quickly — but it couldn’t have anticipated how fast growth would come with the arrival of the pandemic.

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How to Become an Expert Negotiator

Negotiation Training by TableForce

Let’s start by defining what it means to be an expert negotiator: Expert - a person who has a comprehensive and authoritative knowledge of or skill in a particular area. I see a LOT of people refer to themselves as “experts”. In my opinion, you’re NOT an expert until someone ELSE refers to [.]. The post How to Become an Expert Negotiator appeared first on Negotiation Training by TableForce.

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Three Ways Procurement Can Drive Sustainability Through the Supply Chain

SupplyShift

SupplyShift takes a look at three ways that supply chain professionals can drive sustainability through procurement practices. In 2021 and the decade ahead, it’d be safe to assume that consumers will no longer spend their hard-earned money on the products that your company produces if your business operations aren’t authentically and transparently sustainable.

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How Do You Ship an Electric Bicycle?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Do You Have Hidden Freight Costs? Get Our EBOOK HERE. Electric bicycle article and permission to publish here provided by Jake Rheude. Sales of e-bikes took off during the past year and show no signs of slowing down. If federal legislation for electric bike tax credits becomes law, many more people may adopt this excellent form of green transportation.

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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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Watch: Why Is There a Global Semiconductor Shortage?

Supply Chain Brain

Suresh Acharya, professor of practice in the Robert H. Smith School of Business at the University of Maryland, explains how the semiconductor supply chain works, why there’s a shortage of product, and what are the prospects for an early solution.

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Why Procurement Pros need to understand Contracts

World of Procurement blog

If you’re a Procurement Pro who does not understand Contracts you’re at a disadvantage in all that you’re doing. When I talk about not understanding contracts I’m talking about not understanding contractual terms and the impact of specific terms on the procurements you’ve undertaken. Think about it, if you’re procuring a new component that you need for your Programme, who owns the Intellectual Property Rights in that new component.

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JAGGAER Unveils “Digital Mind” Strategy with the Introduction of New Adopt, Assist and Advise Solutions

Jaggaer

The post JAGGAER Unveils “Digital Mind” Strategy with the Introduction of New Adopt, Assist and Advise Solutions appeared first on JAGGAER.

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Cryptocurrency Facts to Know!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Cryptocurrency Benefits You Should Know! Cryptocurrency facts article and permission to publish here provided by Jean Nichols. Cryptocurrencies might be the next big thing in the web’s evolution, yet they’re still terrifyingly complicated, making the latest news flow challenging to evaluate and difficult for prospective buyers.

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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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The Key Components of Good Communication in Crisis

Supply Chain Brain

If you’re involved in supply-chain management, chances are you’re revisiting some of your continuity plans to shore up possible vulnerabilities.

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Should we measure Value, not Savings? - Richard Nixon from Per Angusta

ProtoCast

Procurement often gets a bad rap in organisations because we're seen as only going after cost savings and expense reduction. There's a valid reason for that. Often, procurement only (or chiefly) gets measured on cost savings. It's natural that hitting what you're measured on becomes the top priority. This is slowly, but evidently, changing. Richard Nixon from tech platform Per Angusta is my guest on this episode.

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The First 50 Days: A Series of Unfortunate Supply Chain Events

Jaggaer

The post The First 50 Days: A Series of Unfortunate Supply Chain Events appeared first on JAGGAER.

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Truckers and the Future of Work!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 5 Impacts of Autonomous Trucking on Supply Chain! Truckers and the future of work article and permission to publish here provided by Jeff Wald. There are over 3 million professional truck drivers in the United States today. Moving goods across the highways of the country 24 hours a day, seven days a week, these individuals are a vital part of keeping our economy moving.

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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.