Sat.Mar 26, 2022 - Fri.Apr 01, 2022

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Supply Chain Weekly Wrap-Up 03/25/2022-03/31/2022

All Things Supply Chain

Fears of a neon shortage due to Russian invasion Two key suppliers of neon have shut down operations in Ukraine due to the Russian invasion, sparking concerns for chip shortages.

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Rome wasn’t Built in a Day, Neither was your Supplier Relationship

ivalua

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance.

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What is Supplier Management? Why and how is it Implemented?

ProcurePort

· What is supplier management process? · What’s the importance of implementing good vendor management best practices? · And what are some vendor supplier relationship strategies you can adopt to streamline the supplier management process? In this post, we tackle each of these issues. But first, what is supplier management anyway? What is Supplier Management?

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The Hidden Greenwashing Behind Recycled Plastic

Supply Chain Brain

In an age of internet-savvy consumers, companies have employed increasingly sophisticated greenwashing tactics to avoid taking meaningful environmental action, while reaping the reputational benefits of appearing eco-friendly.

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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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When Is It Time to Reevaluate Your ECommerce Fulfillment?

All Things Supply Chain

Coming from a fulfillment company, it’s too tempting not to call eCommerce fulfillment the “heavy lifting” essential to running a successful brand that brings customers back again and again.

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ANALYST RECOGNITION – Gartner Customers’ Choice Distinction: Procure-to-Pay Suites 2022

ivalua

The post ANALYST RECOGNITION – Gartner Customers’ Choice Distinction: Procure-to-Pay Suites 2022 appeared first on Ivalua.

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5 Steps Towards Digital Supply Chain Transformation!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is a Digital Transformation? Here we present five important steps for all individuals that are interested in digital supply chain transformation to help you attain success despite the numerous challenges that you are likely to experience. In a digital supply chain, the different foundations are created using web-based elements.

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Is the Industrial Warehouse Shortage Temporary?

All Things Supply Chain

Warehouse space has become some of the most competitive real estate in the world over the past couple of years.

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U.S. Importers Are Paying Anything to Avoid Shipping Woes

Supply Chain Brain

U.S. importers, straining under a tapped-out supply chain, are increasingly offering top dollar for long-term shipping contracts that may not even be honored as they try whatever it takes to guarantee the arrival of their products.

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NHS Social Value Procurement Changes from 1 April 2022

Barkers Procurement

As of today, 1 April 2022, NHS England will be extending the reach of its Procurement Policy Note (PPN) 06/20 to the commissioning and purchase of goods and services by NHS organisations, as well as to organisations acting on behalf of such commissioners and purchasers (in scope organisations). In essence, this means that all procurement undertaken will contribute to the NHS’ Net Zero and Social Value goals.

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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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Preparing Your Company for Industry 4.0!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. How to Optimize Your Factory for Industry 4.0! Industry 4.0 is a hot trend that is continually helping to increase efficiencies in manufacturing and many manufacturing companies are actively looking for ways to adopt it in their own operations. The potential gains for any production operation are significant, but there are also some requirements to be observed before attempting to implement Industry 4.0 practices in a manufac

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Beyond The Cover: How CPOs Can Bridge The Gap Between Achieving Their Goals And The Hiring Process

Sourcing Solved

I was delighted when Tesca Group CPO Nadia Stoykov agreed to write an article for the Sourcing Solved Community Blog. Her post, which you can access through the provided link , delivers several key insights into successfully identifying, pursuing, and retaining procurement talent by treating it as a strategic sourcing process. If you haven’t read it yet, I strongly suggest you do.

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No Quick Fix for Congestion That Continues to Plague Port Operations

Supply Chain Brain

Ocean cargo handlers are scrambling for solutions to the congestion that continues to plague major U.S. container ports, especially Los Angeles and Long Beach. But the ultimate answer might lie in something beyond their control: time.

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Negotiation tactics: How having a decoy in your repertoire can get you the result you want.

Positive Purchasing

Jonathan O’Brien, CEO of Positive Purchasing , explores the concept of repertoire in negotiation and use of the decoy tactic. A negotiation is a performance of sorts. Unsurprising then that, along with process and personality, repertoire is often referred to as a fundamental component of effective negotiation. Usually associated with comedians or other performers, a repertoire is the entire range of material that can be delivered.

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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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8 Reasons to Consider a Career in Logistics!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Featuring Our Top 16 Articles on Freight and Logistics! A career in logistics may not be the first thing that comes to mind when you’re thinking about your future, but it’s a field that offers plenty of opportunities for those who are looking for a stable and rewarding career.

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Managing a Contingent Workforce – Igor Putrenko and Tobi Schmidt from Eqip

The Procuretech Podcast

Managing a situation where an increasing percentage of any company's workforce is composed of external, contingent workers is a challenge that many companies are already dealing with. While many more will have to figure this out pretty soon too, as they move to a more flexible labour model with the advent of the "gig economy". How to mange this digitally, to both ensure compliant onboarding of consultancies, contractors and freelancers, as well as streamlining the administrative hassle associate

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Four Ways to Boost Warehouse Productivity That Aren't Automation

Supply Chain Brain

Despite raising wages and offering more unique benefits, retailers and manufacturers are losing staff and finding it difficult to replace them.

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Solving the Pain Points of Consultancy with CEO of Constellia, Rob Levene – Episode 54

Procurement Talk with David Byrne

Listen in Apple Podcasts Listen in Spotify Listen in Google Podcasts Episode show notes “It isn’t about the price of the consultancy, it’s the impact of the outcome they’re delivering, so cheap can become very expensive.” The difference in spend between contingent labour and consultancies globally is incredibly small, yet … Continued.

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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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Great Benefits of Using the Bitcoin ATM!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Thoughts on Making Money with Bitcoin! Bitcoin ATM is one of the best and fastest ways to invest in this digital crypto. People know it and use it to purchase and vend digital cash. There are frequent motives to spend in this digital crypto from the bitcoin ATM. But for all reasons, the best one is it is fast and user-friendly so that anyone can handle it without failing.

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Avoid these 8 costly procurement mistakes with digital procure-to-pay tools

Fraxion

Your procure-to-pay process should optimize your organization’s purchasing operations and make tasks easier, helping you achieve speed, efficiency and cost control. However, if you’re processing large volumes of transactions that require strict oversight with limited resources, you will always be two steps behind without the right tools and approach.

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Ukraine War, China Lockdowns Hit Global Supply Chains

Supply Chain Brain

Global supply strains that started to ease in early 2022 are worsening again as headwinds strengthen from the war in Ukraine and China’s Covid lockdowns, threatening slower growth and faster inflation across the global economy.

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How Technology Can Alleviate the Truck Driver Shortage

The Network Effect

The post How Technology Can Alleviate the Truck Driver Shortage appeared first on The Network Effect.

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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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A Bitcoin Prime Bot Review!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Thoughts on Making Money with Bitcoin! A few years ago, a group of trading experts created the Bitcoin Prime program to simplify trading and allow users to buy in with no prior trading knowledge. It’s like having a robot trade your Bitcoin for you. Automated Bitcoin trading is possible with the help of this program.

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JAGGAER VPs Roger Blumberg and Amenallah Reghimi Named S&DCE Pros to Know for Second Consecutive Year

Jaggaer

The post JAGGAER VPs Roger Blumberg and Amenallah Reghimi Named S&DCE Pros to Know for Second Consecutive Year appeared first on JAGGAER.

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Biden Invokes Cold War Powers to Boost EV Battery Production

Supply Chain Brain

The Biden administration will invoke Cold War powers to boost domestic production of materials for batteries needed to power electric vehicles and the transition to renewable energy, a move intended to improve U.S. competitiveness in a market dominated by China.

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Where Does The Extended Workforce Go From Here?

CPO Rising

[Editor’s Note: This article originally published on the Future of Work Exchange website] The Future of Work is many things: technology, transformation, work optimization, innovation, collaboration, and, of course, talent. Depending on who you’re talking to, the Future of Work movement’s nexus could be defined as any of those previous attributes, and rightfully so: technology and […].

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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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Top Mobile Banking Trends to Watch!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Non-Fungible Token (NFT) Overview! Financial institutions form adaptive banking software solutions to ensure an economy in the post-world. Experts identify several promising trends which will help to find new competitive advantages for many banks. Prospects of the banking market.

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JAGGAER Opens Office in Riyadh to Support Saudi 2030 Vision

Jaggaer

The post JAGGAER Opens Office in Riyadh to Support Saudi 2030 Vision appeared first on JAGGAER.

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Watch: What Will It Really Take to Make Reshoring Happen?

Supply Chain Brain

A discussion about the steps that industries must take, in partnership with trade associations, to set the stage for reshoring production back to the U.S., with Dan Varroney, founder of Potomac Core Consulting and author of Reimagining Industry Growth: Partnership Strategies in an Era of Uncertainty.

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AP 2022 BIG Trends: ePayments Rapid Expansion, Cash Remains King, and AP Gets Holistic

CPO Rising

Today, we look at three important Accounts Payables’ BIG Trends for 2022. Big Trend #1 – ePayments Continue their Rapid Expansion The restrictions put in place because of the pandemic have had far-reaching implications for most businesses. For those working in AP, it was not simply a matter of losing facetime and having to contend […].

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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.