Sat.Oct 01, 2022 - Fri.Oct 07, 2022

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1 in 5 businesses admit to greenwashing with half saying their sustainability efforts are failing, poll finds

Procurement Heads

A further one in four (24%) executives admit they do not know if their sustainability efforts are making any positive difference at all, and 20% say they are unaware if their business has any metrics in place to measure the effectiveness of their environmental initiatives in the first place. Only 19% of respondents believe that their business is making genuine progress on its sustainable initiatives.

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Up Your Warehouse Productivity with These New Communication Trends

All Things Supply Chain

Every warehouse manager understands how important communication is to the daily activities of the institution.

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Cost savings vs cost avoidance: What’s the difference?

RPF360

Cost savings and cost avoidance are important strategies for procurement teams. Explore how you can differentiate between cost savings vs cost avoidance and see how you can reduce spend using both along with examples. The post Cost savings vs cost avoidance: What’s the difference? appeared first on RFP360.

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KPIs in Supply Chain — Everything You Should Know?

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. ?. Or receive our famous weekly newsletter. KPIs in Supply Chain — Everything You Should Know. KPIs in the supply chain are important as the supply chain is the backbone of any modern business. Without it, many companies will fail to deliver their products which will affect their profitability and brand. .

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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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Measuring the Right Supplier Performance Metrics

ProcurePort

• Quality and timely supplies lead to business process efficiency, increased accuracy, and improved productivity. Unfortunately, you cannot have quality and on-time supplies from your vendors without a well-defined, streamlined, and effective procurement and requisition strategy. • Selecting the best suppliers is the first step to getting quality, affordable, and timely deliveries.

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Illegal fishing and its impact on the supply chain

All Things Supply Chain

Already today, about 60% of the world’s fish stocks are fished to their capacity limits.

More Trending

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RFP in Project Management — Everything You Should Know

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. ?. Or receive our famous weekly newsletter. RFP in Project Management — Everything You Should Know. RFP in project management is an important part of the procurement process as it gives you relief once you finally submitted the finished proposal. However, how do you manage your RFPs in your company?

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Supply Chain Sourcing and Buying 101

ProcurePort

• There is a lot of work that goes into a company’s sourcing and buying activities beyond just the transaction. In many cases, the nature of the transaction and the intended frequency of purchase will dictate the sourcing process. • The fact that information is available and firms can source globally also complicates the sourcing […]. The post Supply Chain Sourcing and Buying 101 appeared first on ProcurePort Blog.

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How Artificial Intelligence Bolsters Global Supply Chains

Supply Chain Brain

The continued disruption of supply chains suggests that the challenges of the COVID-19 era have been more than a blip in an otherwise stable period of global business. It’s time to take proactive action to prepare.

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6 Logistics KPIs Attributes That are Essential

SCMDOJO

Logistics KPIs (Key Performance Indicators) measure how well an organization logistics function is performing. They’re used to evaluate the effectiveness of operations and identify areas for improvement. Logistics KPIs examples can vary from Basic 5 Logistics KPIs to a detailed list of 47 , which you can get from here. Logistics is the central system that controls physical inventory flow in a supply chain.

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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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Corrugated boxes: The ultimate circular economy

Supply Chain Dive

Circularity is the epitome of sustainable materials management – linking all life cycle stages for production, use and reuse of materials to protect the environment.

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What is the Role of Suppliers in Supply Chain Management?

ProcurePort

• Efficient and well-ordered suppliers are worth their weight in gold. In an increasingly competitive world, establishing favorable relationships with such high-caliber suppliers is imperative for good business. • But who or what are suppliers? And why are they so important? • In this post, we are going to answer two major questions: What are […].

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What Business Structure Should You Choose For Your Startup?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 6 Ways to Attract Investors to Your Startup Business! One important thing you need to decide when setting up your startup is what type of business structure to choose. There’s no right or wrong answer. The structure you pick will very much be determined by your specific business and your goals.

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The Trucking Industry Needs to Prepare for the Q4 Retail Boom

Supply Chain Brain

Retailers are stuck with questions: What happens if there aren’t enough drivers to transport products on time? How do we get more drivers with profits down? And how do we provide a cushion for elevated diesel costs?

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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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Walmart GoLocal exceeds 5,000 delivery locations, outpacing company targets

Supply Chain Dive

The retailer plans to “double down” on its white-label delivery service in its second year, a GoLocal exec said in an interview.

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Month-end close process: how to make accounting more efficient

Spendesk

Accountancy is the job that’s never finished. Whether you’re preparing for tax returns, presenting financial reporting data, or indeed performing month-end close, there’s barely a chance to breathe.

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Buying Group vs Group Purchasing Organization

Una

Buying Group versus Group Purchasing Organization. By Mackenzie Oakley | October 4, 2022. In the procurement and sourcing world, there are several terms that seem to be used interchangeably when attempting to increase buying power and save money: buying group, group purchasing organization, purchasing cooperative, purchasing group. All of these separate entities serve a common purpose, so is there really a difference between them?

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The Reality, Promise and Limits of Artificial Intelligence

Supply Chain Brain

Just what is artificial intelligence, anyway? In its ultimate form, will it model, augment or replace human thought?

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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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Ocean carriers up blank sailings to brace for softening October demand

Supply Chain Dive

Shipping lines are strategically skipping ports and voyages to control capacity and influence rates after China's Golden Week.

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Year-end accounting checklist: How to close the fiscal year

Spendesk

The end of the fiscal year is a critical time for finance teams. Each year, finance professionals bury their heads in the books to prepare their end-of-year accounts, statements, and financial reporting.

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Better Waste Management for the Environment!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Optimizing Waste Management in the Warehouse! It’s a fact that recycling and better waste management are important to the environment. But they’re also important to supply chains. Recycling keeps materials out of landfills, which reduces their size and helps them decompose more quickly.

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Watch: What Are E-Commerce Customers Demanding Today?

Supply Chain Brain

It isn't all about speed, says Satish Natarajan, founder and chief executive officer of DispatchTrack. E-commerce shoppers are more concerned about communication.

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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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How Feeding America is using inventory visibility tools to improve the flow of donations

Supply Chain Dive

Smarter Sorting is working with the nonprofit to ease the product sorting process for retailers as they look to scale donations.

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Episode 85: Revolutionizing the Acquisition Experience with Jaime Gracia

Una

Episode 85: Revolutionizing the Acquisition Experience with Jaime Gracia. By Kelly Barner | October 5, 2022. When you think about frictionless procurement and leading customer experiences, the federal government is probably not the first entity that comes to mind. And yet, the work that they are doing internally and in collaboration with their supply partners is truly transformational.

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How to Achieve a More Sustainable and Environment Friendly Supply Chain!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Start Your Business’ Sustainability Journey in 5 Steps! A sustainable and environment friendly supply chain is a key component for any successful business. It helps companies to manage their resources more efficiently, reduce costs, improve quality and increase productivity.

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Mississippi River Drought Imperils Trade on Vital U.S. Waterway

Supply Chain Brain

Drought has depleted river water levels so much that in some spots barges are getting stuck, and low water levels are causing severe impacts to navigation not seen since 1988.

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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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Butter supply constrained with some producers forgoing churning

Supply Chain Dive

Declining milk production coupled with high demand for seasonal products are driving up the price of butter.

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Fresh food supply chain: Special procurement challenges require special approach

Spend Matters

Categories: Procurement Systems & Architecture , Supply Chain , Supply Chain Management , Supply Chain Visibility Tags: EU , procurement systems and planning Food is a universal commodity, and most people take the fresh food supply chain for granted. Shoppers walk into a favorite grocery store, never thinking about how that produce made the trip from field to grocery cart.

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A Practical Guide to Using Digital Tachograph Tools!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What You Need to Know About Electronic Logging Devices (ELDs)! Having an excellent business fleet is one of the secrets of highly successful companies. Transportation of products for deliveries and staff for meetings is smoother with fleets. A functional digital tachograph can measure significant metrics like speed, driving time, and driver’s activity.

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U.S. Imports Headed to Lowest Level Since Early 2021 But Retailers Are Well Stocked for Holidays

Supply Chain Brain

The National Retail Federation forecasts that 2022 retail sales will grow between 6% and 8% over 2021. Sales were up 7.5% during the first eight months of the year.

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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.