Sat.Jan 22, 2022 - Fri.Jan 28, 2022

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Supply Chain Weekly Wrap-Up 01/21/2022-01/27/2022

All Things Supply Chain

U.S. Department of Commerce says stocks of semiconductors have ‘plunged’ Manufacturers in the United States have seen their stocks of the chips decline amid the global shortage.

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Request For Proposal vs. Request For Quote: Key Differences

ProcurePort

Have you ever searched for a product or service online, read reviews, compared prices and retailers until you knew you were making the right decision? Well, that’s what businesses do when making purchases, except it’s a more formal process. In business, the procurement process involves having companies and vendors submit a request for proposal RFPs […].

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Trending Sources

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Webinar Recap: Data as the Driver of Effective Procurement Transformation

ivalua

How do Chief Procurement Officers and their teams leverage digital transformation to take control of their data and better deliver against their strategic objectives? . In this week’s Procurement Leaders webinar recap, we address leveraging the tremendous power of data with Alex Saric, Ivalua’s Chief Marketing Officer and Johan Duba, CTO of Finance at Booz Allen Hamilton.

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Global Supply Chains Near Make-or-Break Point for Easing in 2022

Supply Chain Brain

Global supply chains are nearing a turning point that’s set to help determine whether logistics headwinds abate soon or keep restraining the global economy and prop up inflation well into 2022, according to several new barometers.

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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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Event Preview: Container Shipping Conference 2022

All Things Supply Chain

Event Date: 18th-20th May 2022 (online) The Container Shipping Conference brings together more than 650+ senior delegates from Container, Transport and Logistics industries, to probe and explore winning strategies and…

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Contract Procurement Process: Everything You Need to Know

ProcurePort

The contract procurement process refers to a series of steps and procedures undertaken by a business or an organization when purchasing products and services. Procurement is a crucial function as it helps organizations acquire the resources (products, goods, services, etc.) they need to operate fluidly. The contract procurement process starts when the manager identifies a […].

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Logistics Giants Are Turning to Remote-Run Forklifts Amid Labor Crunch

Supply Chain Brain

As omicron infections keep workers at home and labor shortages disrupt the world’s supply chains, two of the biggest logistics companies in the U.S. are looking to remote-operated equipment as a solution.

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The IoT Is the Best Solution for Cold Chain Management Problems

All Things Supply Chain

The COVID-19 vaccine rollout underscored the importance of the cold chain to modern logistics and revealed significant challenges.

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What is the Difference Between Accounts Payable and Accounts Receivable?

ProcurePort

Any business that has a large volume of transactions will eventually have accounts receivable and accounts payables. This happens due to a time lag between transactions and settlements. In order to manage the working capital of the business properly, there need to be clear policies to handle these accounts. Accounts receivable keeps track of money […].

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What are you Missing about Bitcoin and Altcoins?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Different Types of Cryptocurrencies! Bitcoin and Altcoins article and permission to publish here provided by Jean Nichols. We have seen Bitcoin as a revolutionary option to many traditional and government-based banking systems. At the same time, we saw experts saying that thousands of Bitcoin competitors in the market seemed to have to come up for years and missed the point in terms of technology.

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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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House Unveils China, Chips Bill, Paving Way for Senate Deal

Supply Chain Brain

The House of Representatives unveiled its legislation to bolster U.S. research and development to better compete with China and aid the domestic semiconductor industry, in a bid to negotiate a final bill this year with the Senate.

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Getting your groceries delivered in minutes- How does it work?

All Things Supply Chain

Picture this: I’d been travelling since 5:30 am after visiting family overseas for Christmas.

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The Tactics and Technology Required to Manage Supply Chain Disruptions

The Network Effect

The post The Tactics and Technology Required to Manage Supply Chain Disruptions appeared first on The Network Effect.

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Avoiding these 6 Cybersecurity Tips Might Harm Your Business!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Why Cyber Security is Important! Cybersecurity tips article and permission to publish here provided by Claire Glassman. With the rising incidences of malware attacks in business, you should put cybersecurity at the forefront of your operations. Many cybersecurity practices have been developed, and they evolve every new dawn to prevent cyberattacks that might take your business through unfathomable losses.

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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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Watch: Putting the Pieces of Broken Supply Chains Back Together

Supply Chain Brain

Glenn Steinberg, global and Americas supply chain leader with EY, discusses the drivers behind the “great reset” of manufacturing and supply chain operations.

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Taulia Acquired by SAP

Purchasing Insight

SAP has announced it has agreed to buy a majority stake in privately held U.S. fintech firm Taulia as the German business software group seeks to expand its presence in supply-chain financing and working capital management. The post Taulia Acquired by SAP appeared first on Purchasing Insight.

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Procurement’s Transformation: A 11 step Toolkit for Success

Zycus Cognitive Procurement

The procurement function in most companies has changed from being a support team to becoming a strategic partner in the success of the company. Cost savings is no longer the top KPI for procurement departments. Global CPOs are more concerned with risk management, resilience, sustainability, availability and transformation objectives. The pandemic has underscored how important it is for procurement leaders to have visibility into Supplier Networks as well as Risk Management capabilities to preemp

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The Electric Vehicle Charging Station Infrastructure!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Exploring the Automotive Chip Shortage Supply Chain! The Electric Vehicle market will continue to expand around the world for decades to come. But one of the limitations with Electric Vehicles is their range of distance on a single charge. In order to facilitate the growth of Electric Vehicle purchase and use there needs to be a dramatic expansion of the Electric Vehicle charging station infrastructure.

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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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Watch: In the Wake of Omicron: What Can We Expect Now?

Supply Chain Brain

Per Hong, partner with Kearney, assesses the impact to date of the Omicron variant of COVID-19, and speculates on how the current crisis will change global supply chains forever.

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Single vs. Multiple Sourcing: Choose Smarter

The Good Spending

Thoughtful sourcing management contributes to the competitive advantage. The competitive advantage isn't just the virtue of the firm's internal capabilities. Suppliers contribute to it with quality, timeliness, cost-efficiency, and innovation. Therefore, procurement is one of the custodians of the competitive advantage, as it selects appropriate suppliers and moderates relationships with them to obtain the most value.

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Procurement Experts on CPO Rising (A Modern Approach to Source-to-Pay)

CPO Rising

On January 4, 2010, Ardent Partners launched CPO Rising as a new resource to procurement leaders around the world. The site tagline then (and now) was (and is) straight and to the point – “The Site for Chief Procurement Officers and Supply Management Leaders.” Over the years, the firm, this site, and our community have […].

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The Netflix Effect in the Healthcare Industry!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 5 Ways to Improve Healthcare Quality! Netflix effect article and permission to publish here provided by Rituraj Pankaj. Healthcare logistics is moving towards an approach that involves more technology and data to bring revolutionary changes in the industry. Just like Netflix – the corporation that has changed the way we engage in daily entertainment, the healthcare sector is set to use data to its advantage.

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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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Why Strategic Sourcing Technology Is Key to Gaining a Competitive Supply Chain Advantage

Supply Chain Brain

This technology is changing the game for supply chain sourcing professionals, putting them in a position to streamline processes, mitigate supply disruptions, save money and significantly add to their top and bottom lines.

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What To Do About Low Sustainability Performers

SupplyShift

Globally, businesses are beginning to realize that there is an urgent need for quick, decisive, and meaningful corporate action when faced with the issue of sustainability. As companies act upon their commitments, they realize the critical role suppliers play in shaping their sustainability story. This, for many, raises the question: How do I engage my suppliers to improve?

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5 Common Roadblocks to ecommerce Growth and How to Solve Them

Orderhive

The post 5 Common Roadblocks to ecommerce Growth and How to Solve Them appeared first on Cin7 Orderhive.

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How to Mitigate the Lumber Supply Shortage!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Lumber Supply Chain is Going Against the Grain! Lumber supply shortage article and permission to publish here provided by Claire Glassman. With new building codes using light-frame construction, there are limits on how many trees are cut down before putting our environment at risk.

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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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Intel’s $20 Billion Ohio Chip Hub Will Be World’s Largest

Supply Chain Brain

Intel Corp. plans to spend $20 billion on a chipmaking hub on the outskirts of Columbus, Ohio, which the company expects to grow to be the world’s biggest semiconductor-manufacturing site.

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What To Do About Low Sustainability Performers

SupplyShift

Globally, businesses are beginning to realize that there is an urgent need for quick, decisive, and meaningful corporate action when faced with the issue of sustainability. As companies act upon their commitments, they realize the critical role suppliers play in shaping their sustainability story. This, for many, raises the question: How do I engage my suppliers to improve?

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Three “Macro” Predictions for Procurement in 2030

CPO Rising

At the beginning of 2020, my team and I were prepared to launch a large series – “Procurement 2030” on CPO Rising – what procurement would look like in 10 years. It was our plan to make that the primary theme of our research in 2020. But then COVID… Our procurement research theme for 2022 […].

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Things You Can Buy With Bitcoin!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Describing the Financial Evolution of Bitcoin! Buy with Bitcoin article and permission to publish here provided by Jean Nichols. Are you leaving for a vacation or to the supermarket? If yes, you will be cheerful to hear that now you will shop with your digital coins. Yes, it might be shocking news for some people, but you can indeed buy anything from your bitcoins.

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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.