Wed.Jul 31, 2024

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Drug Supply Chains Need Better Visibility

Supply Chain Brain

Better communication is needed about the flow of drugs, from the manufacturer, through the distribution network to the hospital and, at the end, how those medications are being prescribed.

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Factories’ AI adoption plans must be intentional to reap benefits

Supply Chain Dive

Early user engagement, solution champions and user groups can help sustain implementation, said Jennifer Peters, director of BI and data analytics at Nestlé Purina.

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How Integrated Tactical Planning Enables Enhanced Decision-Making and Improved Outcomes

Supply Chain Brain

Formalizing weekly and daily execution processes helps to align short-term corporate activities with the goals articulated by corporate strategists.

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FedEx, UPS roll out ‘exceptional discounts’ to SMB customers

Supply Chain Dive

The rivals' pricing battle has kept delivery rates lower and benefited shippers, according to the TD Cowen/AFS Freight Index.

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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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A Guide to Right-sized Packaging for 3PL

Supply Chain Brain

Right-sized packaging automation offers many benefits, including reduced labor and shipping costs, increased throughput, and an overall lower carbon footprint. In this guide, we’ll share some of the challenges 3PLs experience and how an On Demand Packaging® solution can help.

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OnTrac launches delivery coverage in major Midwest markets

Supply Chain Dive

The carrier's expansion into Illinois, Minnesota, Wisconsin and Missouri adds to the momentum that FedEx and UPS alternatives have seen in recent years.

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Industries with in-person work more frequently tout PTO in job ads, Indeed finds

Supply Chain Dive

While paid time off mentions in job ads have risen in recent years, workers still aren't taking enough time off.

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How to Optimize the Design of Your Supply Chain Network

Supply Chain Brain

Your supply chain network forms the foundation that your business is built upon. Designing and deploying a robust supply chain network will position your company for growth, while failing to do so can put your business on shaky ground.

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The Ultimate Guide to Bids and Tenders for Business Success

Procurement Freelancers

When businesses want to purchase goods or services, they often use bids and tenders to… The post The Ultimate Guide to Bids and Tenders for Business Success first appeared on Procurement Blog | Procurement & Supply Chain News.

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Invisible Threats A 2024 Guide to Managing Hidden Supply Chain Risks

Supply Chain Brain

Invisible Threats gives supply chain professionals guidance on identifying risk hotspots right now based on data analysis of private and public companies’ financial health, by NAISC.

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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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Best Practices in Strategic Purchasing for Complex Markets

Procurement Freelancers

Navigating complex markets can be difficult for organizations in the fast-paced business environments of today.… The post Best Practices in Strategic Purchasing for Complex Markets first appeared on Procurement Blog | Procurement & Supply Chain News.

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Building the Automation Framework

Supply Chain Brain

Automation is no longer an option. Leaders of businesses large and small are demanding that their teams quickly implement automated supply chains.

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3 Foundations for an Effective Multi-Enterprise Supply Chain Network

The Network Effect

The post 3 Foundations for an Effective Multi-Enterprise Supply Chain Network appeared first on The Network Effect.

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How AI and Low Code Are Helping Build Agile Supply Chains

Supply Chain Brain

Join Bizagi and Tech Mahindra for an engaging webinar where we showcase how AI and Low Code are helping build agile supply chains. During this webinar we will demonstrate real-time visibility, effective escalation, and seamless collaboration through a supply chain use case.

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro

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Another Far Side Look At Procurement

Procurement Insights

Question: Which one in this picture is the AI sales representative or marketing person? Which one is the procurement professional? Hint: One of the four characters represents the results of most AI initiatives (but don’t give it away).

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Boeing Names New CEO as Company Reports $1.4B in Q2 Losses

Supply Chain Brain

The company has not logged a profitable year since 2019, reporting a combined $33.3 billion in losses in the years that have followed.

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Digital maturity or readiness has never been about technology or being tech-savvy

Procurement Insights

Digital maturity is a crucial milestone that organizations worldwide are striving to achieve. But what exactly is digital maturity, and how can your organization achieve it? – Eric Kimberling, LinkedIn (July 30th, 2024) Digital maturity or digital readiness doesn’t start with technology – it has little to do with tech savviness. Here is an excerpt from an article – [link] “When I am asked what I think about the “evergreen” evolution of high-tech computing, my answer

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China’s BYD Seeks Entry to Canada EV Market Despite Likely Tariffs

Supply Chain Brain

Canada is set to wrap a 30-day consultation on measures to restrict Chinese EV imports on August 1 — including higher tariffs to align with the U.S. and EU.

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The Current and Future Use of Gen-AI in Supply Chains

AI isn’t the future. It’s here, now. 30% of businesses have invested in AI. Another 57% will do it in the next 12 months*. From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. But here’s the secret: success will only come from strong human-AI collaboration, reveals this new new Economist Impact report.

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Technology Round-Up — July 31, 2024

CPO Rising

CPO Rising’s Technology Round-Up series continues this week with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend management… The post Technology Round-Up — July 31, 2024 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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Delta CEO Says CrowdStrike Crash Could Cost Airline $500K

Supply Chain Brain

Although Delta was one of many airlines affected by outage, it appeared to have been hit the hardest, after needing five days to get its crew tracking systems back online.

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Does Direct Spend need its own Tech Stack?

The Procuretech Podcast

This week on The Procurement Software Podcast, host James Meads delves into some unique technology needs that direct procurement teams are often facing. James explores how specialised tech stacks, including advanced inventory management systems, supplier relationship tools, and risk mitigation software, can address the distinct challenges faced by direct procurement teams.

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Optimal Parcel Packing For Cost

Supply Chain Brain

For all but the 3-4 largest retailers in the US, packing cost-optimally has been an elusive goal with a few available solutions. In this white paper, we’ll measure and triage cost factors from transportation to materials to labor and show how Paccurate’s cartonization engine can help in areas where standardization is no longer good enough.

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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.