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
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.
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.
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.
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.
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.
More Trending
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.
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
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.
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
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.
More U.S.-based companies to shift supply chain operations into Americas: report
Supply Chain Dive
OCTOBER 15, 2024
Reducing touch points and increasing proximity to manufacturing and procurement locations is a priority for firms, according to KPMG.
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.
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
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.
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
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.
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.
“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
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
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.
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.
Plans Are Nothing, Planning Is Everything — Are You Prepared to Compete in Any Environment?
Supply Chain Brain
OCTOBER 14, 2024
The COVID-19 years showed us that the worldwide supply chain was unprepared for the global disruption that defined 2020 and beyond. Recovery was a challenge for most, as they scrambled to address old problems alongside a host of new ones.
Cultivating an AI Mindset: AI-Collaboration
Supply Chain Trend
OCTOBER 18, 2024
AI is infiltrating our personal lives and the workplace, and soon will be everywhere and irreplaceable in everything you do. At home and in the workplace. Developing and cultivating an AI Mindset will become a must for the modern knowledge worker. In a series of short blogs, I will explore core elements of an AI mindset. In this blog; Collaboration.
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.
The Ultimate Guide to Transportation and Load Building Optimization
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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.
Volkswagen opens port facility in Texas
Supply Chain Dive
OCTOBER 15, 2024
Up to 140,000 vehicles for Volkswagen and its brands like Audi and Porsche will be processed annually at Port Freeport to support Central and Western U.S. dealers.
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.
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.
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.
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.
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.
GM Invests $625M in EV Battery Material Mining Operation
Supply Chain Brain
OCTOBER 16, 2024
GM is aiming to source more of its raw materials for electric vehicles from the U.S, to manage battery cell costs and decrease its reliance on imported materials.
Procurement 6 – October 18th, 2024
Art of Procurement
OCTOBER 18, 2024
Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – October 18th, 2024 appeared first on Art of Procurement.
53 Contract Management Statistics Ahead of 2025
ContractSafe
OCTOBER 17, 2024
Contracts bind, guide, and set the pace for every transaction, partnership, and agreement in the business world. But as the landscape evolves, so does the art and science of effective contract management.
The Evolution of Control Towers to Command Centers
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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.
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