Thu.Dec 14, 2023

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Reading FedEx Ground the RICO Act

Art of Procurement

The Racketeer Influenced and Corrupt Organizations Act, better known as RICO, is usually associated with organized crime. In 1992, it. The post Reading FedEx Ground the RICO Act appeared first on Art of Procurement.

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As manufacturers turn away from China, Vietnam lures investment

Supply Chain Dive

The country is home to a growing number of factories thanks to its increased use of free trade agreements, tax incentives and competitive labor costs.

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Four Key Predictions for Cybersecurity Vulnerability Teams in 2024

Supply Chain Brain

Organizations that embrace and invest in vulnerability prioritization and remediation, and utilize an asset-centric approach, will be better positioned to navigate the ever-changing threat landscape.

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UFCW backs proposed grant program protecting supply chain workers

Supply Chain Dive

The Grocery, Farm, and Food Worker Stabilization Act would help cover “disaster-related costs” for farm, grocery and meatpacking workers.

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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

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The State of Sustainability in Supply Chains

Supply Chain Brain

In this ever-evolving landscape, embracing ESG practices isn't just about ticking boxes; it's about gearing up for a future where sustainability isn't just a goal, but a game-changer for business success!

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Procurement leaders face lack of talent to meet future needs: report

Supply Chain Dive

The profession has growing needs for data and technology as well as general business skills, according to a recent survey by Gartner.

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Delivering security and scalability in today’s business landscape requires more than setting up a front line of defense

IBM Supply Chain Blog

A cybersecurity strategy is not solely about managing risk across a business’ IT infrastructure. The stakes are especially high for organizations in highly regulated industries because they can be exploited through their digital supply chain, giving hackers access to consumers’ valuable and sensitive data. Consequently, these data breaches can rattle customer trust and the confidence of regulators.  When done correctly, cybersecurity can be a strategic initiative that supports

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The Ultimate Guide to Supply Chain Resiliency

Supply Chain Brain

This Ultimate Guide to Supply Chain Resiliency explores concrete recommendations and guidance on creating, implementing, and institutionalizing a world-class supply chain resiliency program.

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Supply Chain Set to Deliver this Christmas

SCMR (Supply Chain Management Review)

The combination of consumer spending continuing to remain resilient, retailers with inventory and delivery providers with capacity add up to a supply chain ready to deliver for Christmas.

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Watch: Achieving High-Volume Throughput for Subscription Fulfillment

Supply Chain Brain

A case study with IPSY, FastFetch Corporation and Saddle Creek Logistics Services, about crafting a flexible and scalable fulfillment strategy for a major personalized beauty products subscription company.

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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets.

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Lockheed Martin sues supplier over ‘massive’ price hike

Supply Chain Dive

Howmet Aerospace, which sells the titanium materials used for the aerospace company’s F-35 jet, disputed the allegations and called the lawsuit meritless.

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Building cyber resiliency for your data with IBM FlashSystem

IBM Supply Chain Blog

In today’s digital age, the threat landscape continues to evolve and organizations are increasingly vulnerable to cyberattacks. To combat these ever-growing risks, the concept of cyber resiliency has gained significant importance. Cyber resiliency refers to an organization’s ability to prepare for, respond to, and recover from cyber threats while maintaining the continuity of operations.

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Egg supply at risk again as bird flu hits Cal-Maine, Post Holdings

Supply Chain Dive

The rapid spread of avian influenza is creating production complications for some of the nation's biggest food companies.

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The Top 5 Mistakes Companies Make In Managing Supply Chain Risk Effectively

Supply Chain Brain

In this playbook, we share insights into what works and doesn’t when deriving deep, long-term value from supply chain risk management.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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How the US is tackling persistent drug shortages

Supply Chain Dive

The $35 million for sterile injectable medicines is a good start, but more reform for drug supply and pricing is needed, experts say.

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Global Manufacturing Slump Could Continue into 2024

Supply Chain Brain

The current level of spare capacity indicates that the end of a global manufacturing recession “is still some way off,” said GEP’s vice president of consulting, Todd Bremer.

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Lead Time Definition – How to Calculate & Reduce it?

SCMDOJO

Time is really important in business. Studies say that 25% of customers won’t buy something unless it can be shipped in two days or less. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

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Navigating the Landscape of Supplier Cyber Risk

Supply Chain Brain

Business leaders must take proactive steps to secure one of the more vulnerable arms of their operations against cyberattack: the supply chain.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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New Year Insights for the procurement solutions and services marketplace 2024: The Smart Cube

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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Panasonic Signs Deal with Sila for Silicon Used in EV Batteries

Supply Chain Brain

Sila said that it sees the partnership with Panasonic as an opportunity for the U.S. to “lead in manufacturing next-generation battery technology.

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Tying environmental outcomes to real business value may be simpler than you think

IBM Supply Chain Blog

There has been a lot of recent discussion around the business value of environmental, social and governance (ESG) reporting, and the degree to which it relates to financial performance and other measures of business value. When it comes to focusing on the “environmental” aspect of ESG—often referred to as “sustainability”—there are many ways this area can open up business opportunities.

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AT&T Planning to Buy Rivian EVs to Cut Costs and Emissions

Supply Chain Brain

AT&T said it expects to add Rivian electric commercial vans, RIT pickup trucks and R1S sport utility vehicles to its fleet in early 2024.

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GEP Procurement & Supply Chain Tech Trends Report

The technological landscape is dynamic and changes quickly. And for procurement and supply chain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supply chain for the year ahead?

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IBM Cloud solution tutorials: 2023 in review

IBM Supply Chain Blog

As it has become tradition , the team creating the looks back and shares the personal highlights of the year 2023. Another year has passed—it felt like the whole world was talking about and trying out tools powered by generative AI and Large Language Models (LLMs). Kids completing homework with ChatGPT, the rest of us generating images, PowerPoint slides, poems, code skeletons and security hacks.

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Podcast | A Collaborative Approach to Supply Chain Digitization

Supply Chain Brain

What does it take to achieve supply chain digitization? And for that matter, what does that even mean?

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6 reasons why global supply chains are shifting. shifting. shifting. into the future

Procurement Insights

EDITOR’S NOTE: Today’s 1,999th Procurement Insights post is inspired by David Shillingford’s LinkedIn post about Supply Chain Dive’s December 13th article. It is also inspired by the Steve Miller Band song Fly Like an Eagle. Here is my take: Except for a few differences, e.g., the players and corresponding details, the six reasons cited in the article are not new.

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France Rejigs Rules for EV Aid, Leaving Out Most China-Made Cars

Supply Chain Brain

From December 15, France is offering a variable rebate based on household income on cars costing less than €47,000.

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Supply Chain Orchestration: A New Era in Supply Chain Management

When the only certainty is uncertainty, what does that mean for today’s supply chain management approaches? This eBook delves into how supply chain orchestration can help businesses unlock agility, transparency, intelligence, and trust across their end-to-end supply chain.

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Modern Dynamics of SaaS Procurement Negotiations

The Good Spending

SaaS procurement negotiations in today's business ecosystem have evolved to encompass multifaceted strategic considerations beyond traditional software purchases. The advent of cloud-based services, subscription-based models, and a greater emphasis on agility has reshaped the negotiation landscape. Understanding Modern SaaS Procurement SaaS procurement negotiations extend far beyond cost considerations.

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14 Best Contract Management Software Tools: 2024 Buyer’s Guide

ContractSafe

There are a lot of contract management solutions out there. And their differences aren’t always clear. How do you choose the best contract management software for your business? In this contract management software buyer’s guide, we'll walk you through some of the top contract management solutions and highlight their key features, pros, cons, and price points.

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Procurement 6 – December 15th, 2023

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – December 15th, 2023 appeared first on Art of Procurement.

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Why Supplier Relationship Management is Second-to-None in Today’s Market with Head of SRM at Coventry Building Society, Rebecca Howard – Episode 87

Procurement Talk with David Byrne

Listen on Apple Podcasts Listen on Spotify Listen on Google Podcasts Listen on Amazon Episode show notes “We need suppliers who understand what it’s like from underrepresented groups’ perspectives, because those often are the groups that we’re looking to speak to.” Supplier diversity is essential to any good procurement professional’s portfolio, which emphasises … Continued The post Why Supplier Relationship Management is Second-to-None in Today’s Market with Head of SRM at Cov

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.