Trending Articles

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Should I Electrify My Forklift Fleet? 5 Factors to Consider

All Things Supply Chain

With eco-friendly operations becoming more popular, many companies are considering a switch to electric-powered fleets. In fact, Statista projects that 60% of forklifts sold worldwide in 2030 will be electric.

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How can Procurement be used to Improve Compliance?

ProcurePort

Procurement as a Compliance Driver: Thorough vendor due diligence is essential, encompassing financial stability, adherence to labor laws, environmental practices, and ethical conduct. Proactively including compliance requirements in contracts ensures clarity, with regular audits facilitating continuous improvement and maintaining a compliant supply chain.

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Soft Skills in Procurement

Procurement Templates

Nailing Soft Skills in Procurement: The Unseen Superpower Hard skills and soft skills – which is more important? The answer is, really, that it depends. Hard skills are undoubtedly crucial in specific occupations, but there isn’t a job in the world that doesn’t require soft skills. Even those specializing in specific skill sets need soft skills to work collaboratively in a team.

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Gianluca Colombo: ‘There is no sourcing without responsible sourcing’

Procurement Leaders

Like many within the procurement community, dsm firmenich’s deputy chief procurement officer Gianluca Colombo is a keen chef in his spare time. “I like cooking and discovering new recipes, he told Procurement Leaders. “I mean, sometimes the result is not that amazing but at least I discover new cultures.” Following the completion of the merger between DSM and Firmenich in May 2023, in his day job, Colombo finds himself breaking silos like a chef might eggs to ensure the s

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Adapt or Perish: Safeguarding Your Fleet in an Era of Logistics Evolution

Speaker: Jeff Dickinson - Host of “The Storytelling Chronicles: Life, Lessons & Logistics with The Bodacious Cowboy" Podcast, President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,

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Enhancing Supply Chain Resilience: A Modular Approach

Supply Chain Brain

Achieving resilience in supply chains is essential, but it's crucial to implement measures carefully so they do not hinder or conflict with other competing priorities.

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How Pitney Bowes is preparing for the 2023 peak season

Supply Chain Dive

Much is at stake for the shipping provider's e-commerce logistics segment to reliably deliver for the holidays. Automation will play a big role.

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AI & Procurement

Procurement Templates

The Future of Procurement: Navigating the AI Revolution Metaverse? Chatbots? Machine Learning? How familiar are you with these words? Perhaps now might be a good time to start getting cozier with your AI knowledge. The advent of Artificial Intelligence (AI) has undeniably altered the employment landscape, sparking debates about its potential to replace conventional jobs.

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Level up your Kafka applications with schemas

IBM Supply Chain Blog

Apache Kafka is a well-known open-source event store and stream processing platform and has grown to become the de facto standard for data streaming. In this article, developer Michael Burgess provides an insight into the concept of schemas and schema management as a way to add value to your event-driven applications on the fully managed Kafka service, IBM Event Streams on IBM Cloud ® What is a schema?

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Tanker With Ties to Israeli Billionaire Ofer Boarded Off Yemen

Supply Chain Brain

The incident is the latest in a string of attacks since Iranian-backed Houthi rebels in Yemen issued a threat to target ships until Israel’s military operation against Hamas ends.

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Walmart adding parcel stations for faster delivery, greater density

Supply Chain Dive

The retailer plans to have more than 40 stations, described as mini post offices, in its stores by the end of 2023.

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Strategic Cost Management Approaches to Unlock Growth and Increase Profitability

How can businesses gain a competitive edge in an era marked by relentless competition and economic fluctuations? The secret is mastering strategic cost management strategies. This GEP bulletin, "Strategic Cost Management Approaches to Unlock Growth and Increase Profitability," breaks this down into clear, actionable steps. Discover how these strategies can boost your enterprise's financial health, helping not only to keep up but to excel in today's market.

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Using Machine Learning to Smartly Stock Grocery Stores

SCMR (Supply Chain Management Review)

Professor Kevin Shang of Duke University’s Fuqua School of Business has developed a machine-learning solution to allow grocers to stock optimal amounts of perishable food in their supply chains.

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Procurement Memes

Procurement Templates

I’m going to share some real procurement stories that have happened to me, since we are on the theme of memes, I will let on what really happens in the day of a procurement manger. If you want to read the other version click here In the early days of my career I was working at a global company and I let out a tender. I got the most surprising feedback from a supplier.

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Application modernization overview

IBM Supply Chain Blog

Application modernization is the process of updating legacy applications leveraging modern technologies, enhancing performance and making it adaptable to evolving business speeds by infusing cloud native principles like DevOps, Infrastructure-as-code (IAC) and so on. Application modernization starts with assessment of current legacy applications, data and infrastructure and applying the right modernization strategy (rehost, re-platform, refactor or rebuild) to achieve the desired result.

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Quantifying Scope 3 Emissions Creates a Roadmap for Business Longevity

Supply Chain Brain

Without visibility into Scope 3 emissions, companies lack the data to fully account for and demonstrate their carbon impact and risk to investors and partners.

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The Art of Consistent Perfect Order Delivery: Smart Order Fulfillment Through Orchestration

Shippers and logistics service providers are pressured to match the “Amazon effect” for fast and efficient service across multiple B2C, B2B, and D2C channels. Perfect order delivery - on-time and in-full at the lowest possible cost – is critical. However, recent surveys of supply chain stakeholders reveal that many don't have the technology necessary to achieve it.

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Toyota, Redwood Materials expand deal to source recycled battery materials

Supply Chain Dive

The automaker is looking to create a circular supply chain that can make use of aging Prius models to help feed its growing electric vehicle production.

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Compliance Risks Favor Large Global Apparel Retailers

SCMR (Supply Chain Management Review)

Companies across sectors are increasingly shifting manufacturing away from China in an effort to reduce vulnerability and exposure to rising labor costs. Research from Moody’s finds that large global apparel companies may fare the best when diversifying.

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Top 10 stakeholder alignment strategies — And lessons learned from a CPO forum

Spend Matters

Last month, I presented at a customer advisory board (CAB) session that Fairmarkit invited me to join to present on stakeholder engagement and alignment. Fairmarkit has pioneered high-volume tail spend sourcing (think ‘mid tail’ rather than just ‘tip of the tail’) in its go-to-market approach towards guided sourcing and autonomous sourcing. It has also recently announced a partnership with Amazon Business to support RFx/bid automation for SKU-based items going out to the B2B marketplace (Amazon

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Your Black Friday observability checklist

IBM Supply Chain Blog

Black Friday—and really, the entire Cyber Week—is a time when you want your applications running at peak performance without completely exhausting your operations teams. Observability solutions can help you achieve this goal, whether you’re a small team with a single product or a large team operating complex ecommerce applications.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Amazon Black Friday Strike in U.K. Garners International Support

Supply Chain Brain

The U.S. regulator the Federal Trade Commission is engaged in a lawsuit against the company, accusing it of anti-competitive practices – something Amazon has denied.

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UAW strikes: What’s next for auto supply chains after labor deals?

Supply Chain Dive

As automakers ramp up production efforts, labor challenges and geopolitical risks may continue to plague operations, according to industry experts.

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Toy Imports Down, But Still at Pre-COVID Levels

SCMR (Supply Chain Management Review)

While toy imports are down 30% year-over-year, they remain at 2019 pre-COVID levels, suggesting this holiday season may not be all doom and gloom for retailers.

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PayEm: Vendor Analysis — Procure-to-Pay solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of PayEm and its Intake-to-Pay (I2P) solution. PayEm is a relatively new vendor in the market. Since the introduction of its product in 2020, though, it has experienced rapid growth and garnered a substantial customer base that primarily consists of the middle market. The vendor specializes in intake and user configurable workflow creation, enabling customers to capture spend at the point in which employees incur spend.

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Exploring the Advantages and Hurdles of Direct Store Deliveries

Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027. Download this eBook for exclusive insights into direct store deliveries, challenges, benefits, and future trends.

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Where are they now?

Art of Procurement

News stories come and go but some have more ‘legs’ than others. While wars and politics and the economy can. The post Where are they now? appeared first on Art of Procurement.

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Novo Sees European Ozempic Shortages Continuing into 2024

Supply Chain Brain

For both medicines, shortages will get worse as the end of this year approaches, according to a letter to healthcare professionals published November 21 by the European Medicines Agency

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White House creates cabinet-level supply chain council

Supply Chain Dive

After years of focusing on supply chains’ role in the economy, President Joe Biden is expanding high-level meetings on the topic.

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At which point should end-to-end (S2C) source-customer visibility begin in the manufacturing process?

Procurement Insights

EDITOR’S NOTE: In December 2010, I wrote an article about one of Time Magazine’s picks for the Top Innovations in 2008 – Made-in-Transit Packaging. In my December 2019 post , Sorry, Charlie, there is something wrong with the world’s seafood supply chain I talked about consumer demand for tracking the seafood industry from source to plate.

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Your Triple-Threat Solution for Resilient Planning and Execution

Speaker: Len Pannett - Supply Chain and Operations Transformation Expert | Board Advisor - UK Ministry of Defence | Mentor | Author | Keynote Speaker

With the dark clouds of inflation and uncertainty looming overhead while the pressures of ESG and geopolitical tensions increase, today’s supply chain professionals are facing challenges we have never seen before. What were once traditional supply chains have now transformed to multidimensional networks met with new extremes in customer demands. Supply chain professionals often face the dilemma of balancing cost, resilience, and sustainability.

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How 3PLs Ensure Fresh Produce Supply for Thanksgiving Feasts

SCMR (Supply Chain Management Review)

While most people sit at the Thanksgiving dinner table and enjoy the feast before them, few recognize the role logistics and the broader supply chain play in getting the food to the table.

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Swedish Breakthrough in EV Battery Production

Procurement Bulletin

Swedish Breakthrough in EV Battery Production Swedish battery startup, Northvolt, has reportedly developed an EV battery made of sodium-ion that doesn’t involve in-demand and expensive materials that current batteries require (e.g. lithium-ion batteries). This breakthrough could solve the constraints posed by current battery production requirements and cut the costs of production as well.

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Using AI to Understand the Habits of Brick-and-Mortar Shoppers

Supply Chain Brain

Brick-and-mortar retailers are seeking out hi-tech ways of tracking the habits of flesh-and-blood shoppers while they’re in their stores.

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Southern Glazer’s Wine and Spirits to deploy warehouse automation from Symbotic

Supply Chain Dive

The alcohol distributor expects the upgrades to improve fill rates, order accuracy and increase capacity of its existing facilities.

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Five Best Practices for Balancing Costs, Risks, and Sustainability

In the face of volatile macroeconomic conditions and other complex challenges, supply chain and procurement pros must strike a tough balance between seemingly contradictory demands: boosting performance and sustaining and extending business operations, all while meeting customers’ needs. This GEP paper provides impactful tips on how to develop a strategic procurement approach that focuses on collaboration, innovation, and sustainability.