Sat.Mar 16, 2024 - Fri.Mar 22, 2024

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The Impact of Electric Trucks in the European Supply Chain

All Things Supply Chain

Ever since the horse and cart was replaced by its motorised successor, the humble diesel truck has evolved each year to become an increasingly efficient machine, capable of carrying heavier…

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CPO Crunch: What does the future hold?

Procurement Leaders

A few weeks ago, I wrote about how procurement, R&D and sustainability were being rolled under one leadership at Mars Wrigley. It’s a fascinating blueprint for how procurement is being viewed as a catalyst for sustainability – supporting the strategic involvement of suppliers in product development while embedding ESG across core business, and I’ll be watching developments with interest.

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Treasure Hunting with TJX

Art of Procurement

The last few years have not been kind to retailers. Inventory misalignment has dragged down revenue and working capital. Companies. The post Treasure Hunting with TJX appeared first on Art of Procurement.

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4 best practices for the global supply chain of the future

Supply Chain Dive

Consulting experts, prioritizing data analytics and highlighting sustainability efforts can help ensure reliable operations in the face of global disruption.

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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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Planning for Natural Disasters: A Growing Priority in Supply Chain Risk Management

Supply Chain Brain

When it comes to assessing supply chain risks, planners generally don’t place natural disasters at the top of the list. But with the growing number of extreme weather events, that could change in the coming years.

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CPOs Pivot AI Focus from What’s Possible to Implementation

SCMR (Supply Chain Management Review)

More procurement leaders are trying to implement AI and automation into their operations, shifting gears from a what’s possible to a how-to-implement strategy.

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FedEx charges ahead with Network 2.0, rolling out to dozens more locations in 2024

Supply Chain Dive

The plan to integrate its separate Express and Ground delivery networks will help close a key gap with UPS, one executive said.

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Same-Day Delivery: Pricey, But Worth It

Supply Chain Brain

Including same-day delivery options is good for business, bringing long-term, strategic benefits that should counter the typical six-figure cost of setting it up.

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Finding the Right Approach for Supply Chain Education

SCMR (Supply Chain Management Review)

The COVID pandemic accelerated the adoption of online supply chain education. Today, organizations and employees have their choice of online, in-person or hybrid learning environments, but there is no one-size-fits-all approach.

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Katie Date on Bringing Women in Supply Chain Together

Let's Talk Supply Chain

Q2 is just around the corner. 2024 has brought a fresh sense of urgency to the global supply chain amidst growing regional wars and tensions, and calls from climate scientists have kept sustainability initiatives a top priority. Rising sea levels and major American metropolitans slowly sinking have climate scientists on high alert and raising the alarm for government and commercial organizations.

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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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Delivery provider Point Pickup ceases operations as it seeks a sale

Supply Chain Dive

The company is looking to find a buyer quickly, as its "assets are basically melting ice cubes — they are losing money," a lawyer said.

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Time for Chief Supply Chain Officers to Get Serious About Third-Party Risks

Supply Chain Brain

Geopolitical risks are disrupting global supply chains and compelling business leaders to take third-party risk management more seriously.

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Are Your Data Visualizations Readable by Everyone?

SCMR (Supply Chain Management Review)

Good reporting standards should be part of an organization’s policies and guidelines. Don’t wait until someone asks, and don’t force someone to be an exception: make sure that your data visualizations can be read by all those who receive them.

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Unlocking Insights with Life Cycle Inventory Analysis

SCMDOJO

In today’s increasingly eco-conscious world, understanding the environmental impact of our actions is paramount. This is where the Life Cycle Inventory (LCI) comes into play. A comprehensive analysis of the energy and material inputs, outputs, and environmental impacts associated with a product’s life cycle, LCI helps us unlock valuable insights into sustainable practices.

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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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10 industry reactions: FLOW’s supply chain impact, 2 years later

Supply Chain Dive

The Department of Transportation's initiative has gained interest from beneficial cargo owners, ocean carriers and other stakeholders. Here's what a few had to say.

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Lead Scoring: Definition, How To Score, and Lead Scoring Models

The Thomas Blog

Lead scoring is a strategy used to rank prospects according to their potential to become customers. It involves assigning numerical scores to each lead based on various attributes, including: demographic information, engagement with the brand's digital presence, and other behaviors indicative of their interest. This system helps sales and marketing teams prioritize leads, tailor their outreach strategies, and ultimately, improve conversion rates.

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Four Benefits of Automating a Cold Storage Facility

Supply Chain Brain

Cold-storage operators today are looking for sustainable, long-term investments that can satisfy changing consumer demands, while complying with strict regulations.

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Elevating Supply Chain Visibility through Effective Marketing

SCMDOJO

Discover Ways to Boost Supply Chain Visibility through Digital Marketing Supply chain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. When customers have transparency into product availability, delivery timelines, and order status, they are more likely to complete purchases and continue shopping with a business.

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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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FedEx could be ‘weeks away’ from US Postal Service contract decision

Supply Chain Dive

The company is pursuing a new air transportation deal that would align with its ongoing network overhaul, Chief Commercial Officer Brie Carere said.

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The Unsung Heroes of Fashion: The Vital Role of Sourcing Agents in the Garment Manufacturing Industry

Procurement Freelancers

In the world of fashion, where trends change with the seasons and consumer demands are… The post The Unsung Heroes of Fashion: The Vital Role of Sourcing Agents in the Garment Manufacturing Industry first appeared on Procurement Blog | Procurement & Supply Chain News.

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Mastering the Modern Workplace With Task Management

Supply Chain Brain

Driven by artificial intelligence, modern-day task management offers faster computing over wider bandwidths, enabling collaboration in real time from anywhere in the world.

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Supply Chain Department – A Typical Structure

SCMDOJO

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth. But how exactly can businesses achieve this level of efficiency?

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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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Port of Los Angeles cargo volumes leap 60% YoY in February

Supply Chain Dive

Risks ranging from Red Sea disruptions to Panama Canal restrictions keep fueling shipper diversions to the West Coast port.

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US Plans to Launch AI in Manufacturing Institute

Procurement Bulletin

US Plans to Launch AI in Manufacturing Institute The U.S. government is launching a competition to create a new institute focused on using artificial intelligence (AI) to strengthen American manufacturing. This institute, overseen by the National Institute of Standards and Technology (NIST), will receive $70 million from the government over five years, with additional funding expected from private and other non-government sources.

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Unlocking Track and Trace for FSMA 204 Compliance

Supply Chain Brain

While two years may seem like ample time to prepare, the reality is that it takes careful planning and multiple steps to implement advanced track and trace technology.

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Ivalua NOW EMEA 2024: Procurement [RE]Imagined

Spend Matters

Last week, Spend Matters attended Ivalua’s annual EMEA conference in Paris. Like every year (except during the peak of Covid when the event was 100% virtual), Ivalua selected a prestigious location: Versailles. The event was held at the Palais des Congrès in Versailles, just a few meters from the Palace of Versailles. Titled ‘Procurement [RE]Imagined,’ this two-day event explored how new technologies enable procurement to do previously impossible things.

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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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Flexing for the planet: How Walmart crushed its supplier emissions target

Supply Chain Dive

The retail giant leaned on education, financing and recognition to get its supply chain on board with Project Gigaton, a sustainability executive with the company told Supply Chain Dive.

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Embracing Outsourcing: A Modern-Day Trend Through Expert Product Sourcing Agent

Procurement Freelancers

In today’s rapidly evolving business landscape, the concept of outsourcing has become increasingly prevalent. From… The post Embracing Outsourcing: A Modern-Day Trend Through Expert Product Sourcing Agent first appeared on Procurement Blog | Procurement & Supply Chain News.

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Supply Chain Squeeze: How Automakers Can Beat the Battery Bottleneck

Supply Chain Brain

The predicted surge in electric vehicle demand carries the potential to exacerbate sourcing challenges for key battery minerals, potentially disrupting automotive manufacturing.

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5 reasons why the CEO “isn’t” worried about procurement?

Procurement Insights

The February 9th, 2024, Inc. article headline reads, The 5 Biggest Hurdles for CEOs in 2024 : With the next growth cycle just out of arm’s reach, CEOs must first confront these challenges. So, what are the five hurdles that keeps CEO’s up at night? Economic uncertainty Access to capital Leadership and management challenges Talent management and workforce issues The impact of technology When you read the article, you will note that neither procurement nor supply chain pops up It doesn

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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.