Tackling Child Labor in Global Supply Chains
All Things Supply Chain
OCTOBER 14, 2024
Imagine walking into your local supermarket and picking up a bar of chocolate or a new smartphone without a second thought.
Sat.Oct 12, 2024 - Fri.Oct 18, 2024
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CPO Crunch: Keep calm and carry on
Procurement Leaders
OCTOBER 14, 2024
There are so many powerful and disruptive forces in play globally in the modern era that the volume of alerts, red flags and supply chain issues can soon become dizzying. CPOs are in the eye of the storm, managing disruption after disruption – from extreme weather to port strikes to out-and-out war. And these past two weeks have had all of these and more.
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Trending Sources
GM invests $625M in lithium production capacity
Supply Chain Dive
OCTOBER 18, 2024
The automaker is partnering with Lithium Americas to develop the Thacker Pass Mine in Nevada, where GM agreed to buy up to 100% of lithium produced for 20 years.
Tips for Surviving in a Brave New World
Art of Procurement
OCTOBER 17, 2024
In 1932, Aldous Huxley published the book Brave New World. At the time, the actual world was perched between World. The post Tips for Surviving in a Brave New World appeared first on Art of Procurement.
From Reactive to Resilient: Charting Your Supply Chain Maturity
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Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.
Tariff Tensions Between China, U.S. Spark 'Sharp Change' in Trade With Mexico
Supply Chain Brain
OCTOBER 17, 2024
Vesselbot's data shows that Mexico's Manzanillo Ensenada and Lazara Cardenas ports have seen record-breaking container volumes over the last year.
Who owns ‘Risk?’ – Procurement vs other functions
Spend Matters
OCTOBER 16, 2024
Continuing our third-party/supply chain risk management (TPRM/SCRM) series, today let’s address the question of ‘who owns risk?’ In the past, risk ownership has been addressed in a straightforward operational manner: IT owned cyber risk, finance guarded financial risk and so on. While this functional silo approach is simple, it is inadequate in today’s interconnected business… This content is for members only.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
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An Effective Productivity Tool – Cash Conversion Cycle
SCMDOJO
OCTOBER 15, 2024
What do you often think about business growth? What is the heck behind lean productivity, profitability, and good relations with suppliers and customers? This is how Cost and value are distributed throughout the Supply Chain. Business Growth, Profitability, and internal and external customer relationships solely depend on Cost. Even so, the game-changer in the fast-paced business world is how well you manage the Cash Conversion Cycle throughout the Supply Chain.
Watch: Is the U.S. Competing With China in EV Battery Production?
Supply Chain Brain
OCTOBER 17, 2024
Jeremy Michalek, director of Carnegie Mellon University’s Vehicle Electrification Group, describes the impact to date of the Inflation Reduction Act (IRA) on efforts to reduce U.S. automakers’ dependence on China for electric vehicle battery production.
Zoom in on Financial Risk
Spend Matters
OCTOBER 16, 2024
Financial risk relates to the possible financial problems faced by a buying organization’s suppliers, its suppliers’ suppliers (and so on) or other third parties. In an extreme case, the supplier or third party may go out of business, causing a short- or longer-term interruption to supply. But even if matters don’t go that far, what the buyer might begin to observe in the face of a supplier’s impending failure is a decline in quality and timeliness of service, requests for early invoice payments
Honda supply chain woes had little impact on September sales
Supply Chain Dive
OCTOBER 18, 2024
While the disruptions from Hurricane Helene have subsided, retooling efforts for Ohio EV production are still hampering its manufacturing activity.
The 2nd Generation of Innovation Management: A Survival Guide
Speaker: Chris Townsend, VP of Product Marketing, Wellspring
Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?
Tips for Effective Industrial Equipment Maintenance
SCMDOJO
OCTOBER 15, 2024
Industrial equipment is exposed to constant wear-and-tear and they may deteriorate faster than expected when it’s not properly maintained. As investments, these machines cost you a lot of money to procure and the least you could do is allow them to get damaged, leading to unwanted repair costs on top of having to buy expensive replacement parts. The lack of effective maintenance can also lead to problems in the production line.
How CPG Brands Can Move Beyond Price Hikes to Fuel Revenue Growth
Supply Chain Brain
OCTOBER 16, 2024
The consumer packaged goods industry finds itself at a critical juncture with 2025 on the horizon.
Spend Matters Future 5 2024 — Introducing ivoflow
Spend Matters
OCTOBER 17, 2024
Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Discover everything you need to know about these accolades here, including who is on them. For the Future 5, Spend Matters analysts scour the market to find new specialist solution providers that can answer a burning need of procurement practitioners today.
USPS looks to end dual shipping labels
Supply Chain Dive
OCTOBER 16, 2024
The agency submitted a proposal to eliminate the practice as it transforms its relationships with shipping partners like UPS and DHL.
Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations
Advertiser: GEP
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.
Scuffing Apples: A Milillenial Scolds A Boomer For Being Too Harsh
Procurement Insights
OCTOBER 13, 2024
“ Jon W. Hansen – We at least agree on the problem (~80% transformation project failure rate)… But clearly, we don’t agree on the way forward. I am for the carrot. You are for the stick. It’s as simple as that… Sticks have a way of leaving splinters.” – Joel Collin-Demers, LinkedIn Comment (October 12th, 2024) The above admonishment I received from a young procurement colleague for my review of the Globality demo suggesting that I had somehow subje
Holiday Season Will Bring Lower Prices, Leaner Supply Chains, Survey Finds
Supply Chain Brain
OCTOBER 15, 2024
With only 27 days between Thanksgiving and Christmas, this holiday shopping season is shorter than normal, prompting consumers to avoid the last-minute shopping spree
Spend Matters Future 5 2024 — Why we chose ivoflow
Spend Matters
OCTOBER 17, 2024
Spend Matters is delighted to announce the 2024 roster for our ‘Future 5’ list. For the sixth year in a row, our analysts have highlighted five start-ups that excited them the most. This year, the five companies that have proven themselves as potential future trend setters are BlueBean , Covalyze, HaloAi , Ivoflow and True ValueHub. To warrant such attention, these vendors must have a product that is ideally two to five years old, is used by more than five customers and displays an innovative ap
Why apparel companies embrace supplier scorecards
Supply Chain Dive
OCTOBER 17, 2024
The tool can help build more transparent sourcing relationships and better measure supply chain metrics.
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
“I Had To Jon, There Was No Money Or Management”
Procurement Insights
OCTOBER 18, 2024
Is another Solution Map Star falling? The following is a message I wrote to someone in our industry for whom I have great respect. I will not provide specific details because of respect for this individual and the solution provider they worked with. But I will say that this was a needless occurrence brought on by the fear of getting left behind in the GenAI “Hype Cycle.” A cycle in which solution providers were given little choice but to proclaim “we are now a GenAI companyR
Global Inventory Trends and Challenges Shaping SMBs
Supply Chain Brain
OCTOBER 17, 2024
Netstock’s new inventory management 2024 benchmark report provides businesses with data needed to measure their performance against industry peers, identify areas for improvement, and set realistic, actionable goals.
Optimizing Procurement Outcomes with Next-Gen GEP Strategies
Procurement Freelancers
OCTOBER 17, 2024
Is buying stuff for your company super hard? You’re not alone. Buying things, paying the… The post Optimizing Procurement Outcomes with Next-Gen GEP Strategies first appeared on Procurement Blog | Procurement & Supply Chain News.
As FedEx and UPS surcharges grow, competitors see an opportunity
Supply Chain Dive
OCTOBER 15, 2024
Added fees from the delivery giants are clashing with heightened shipping discounts, but customers have options to limit the impact, experts say.
Load Optimization: A Sustainable Way To Reduce Transportation Costs
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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.
Problem-Solving, Agent-Based Modelling And What A ProcureTech Demo Should Do
Procurement Insights
OCTOBER 17, 2024
Jon W. Hansen It seems that many vendors underestimate the importance of their unique selling proposition and how it matches our needs and set them apart. – To make a decision and defend it to top management, we as procurement professionals need clear, compelling evidence of value. Many vendors are beginning to recognize this and ask us for our input to improve their presentations, offers, and demos. – I also recommend using an Agile Procurement Approach for selecting suppliers.
Indonesia Forms $1.2B Battery Venture with China’s CATL
Supply Chain Brain
OCTOBER 17, 2024
The project in Karawang, West Java, aims to scale up battery production to 15 gigawatts a year.
Why Do We Have to Bother With Transactional Costs?
The Good Spending
OCTOBER 14, 2024
The true cost of a Purchase Order In today's business environment, transactional efficiency in procurement processes is crucial in maintaining smooth operations and optimizing costs. One of the most common aspects of procurement is processing purchase orders (POs). Whether running a small business or a large enterprise, understanding the cost per PO is essential for identifying inefficiencies and improving the transactional cost.
Drought shrivels cotton, delays wheat planting in US Plains
Supply Chain Dive
OCTOBER 16, 2024
At least 44% of winter wheat production is currently affected by the dry conditions, per the Department of Agriculture.
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.
Emerj: Driving Analytics Efficiencies and Insights in F&B Procurement
Arkestro
OCTOBER 18, 2024
This interview analysis is sponsored by Arkestro and was written, edited, and published in alignment with our Emerj sponsored content guidelines.
The Role of Supply Chain Planning Leaders in Change Initiatives
Supply Chain Brain
OCTOBER 15, 2024
While many recognize the need to upskill and reskill supply chain planners, most aren't placing enough emphasis on building planners’ confidence and giving them the space to innovate.
CPO Rising Listicle: Replacing an Incumbent Supplier? Here are Six Considerations
CPO Rising
OCTOBER 18, 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: Replacing an Incumbent Supplier? Here are Six Considerations appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Global disruptions, e-commerce drive September air cargo volumes
Supply Chain Dive
OCTOBER 16, 2024
Extreme weather and labor unrest are putting shippers and forwarders to the test, making October a 'whole new ballgame,' said Xeneta’s Niall van de Wouw.
How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software
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.
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