Wed.May 24, 2023

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Vendor Scorecards — Everything You Should Know

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Vendor Scorecards — Everything You Should Know Vendor scorecards simplify vendor management and are an important factor in monitoring supplier performance. However, what is it? In this article, we will discuss what vendor scorecards are.

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Episode 116: Winning the Mythical Talent War with Jon Hansen

Una

EPISODE 116 Winning the Mythical Talent War with Jon Hansen By Kelly Barner | May 24, 2023 Despite investments in education and efforts to recruit from a strong and diverse talent pool, CEOs have always been worried about procurement skill sets. They refuse to believe that the talent they have in house is ‘up to’ the strategic objectives they plan to set forth.

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Missing your target? Successful implementations begin at procurement

SCMR (Supply Chain Management Review)

Only 30% of digital transformations meet or exceed a company’s expected target value. The reason? The wrong procurement process was used, say experts.

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How Smart Contracts Could Play a Pivotal Role in Supply Chains

Supply Chain Brain

A major benefit of using smart contracts is that they can be drawn up in minutes rather than hours or days, as with traditional contracts.

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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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US Postal Service outlines next steps to becoming ‘the preferred delivery provider’

Supply Chain Dive

The priorities for the third year of the agency’s transformation plan include growing revenue via new shipping services and boosting local delivery speeds.

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Transportation and Infrastructure Committee Approves Several Supply Chain-Focused Bills

Supply Chain Brain

In total, the U.S. House Committee on Transportation and Infrastructure approved a package of 12 bills as well as five additional supply chain-focused measures.

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Boeing CEO Warns Supply-Chain Constraints Could Last ‘Very Long Time’

Supply Chain Brain

Boeing CEO David Calhoun made the comments about supply chain constraints May 23 during a Qatar Economic Forum panel held in Doha.

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Redefining the consumer experience: Diageo partners with SAP and IBM on global digital transformation

IBM Supply Chain Blog

In an era of evolving consumer preferences and economic uncertainties, the beverage industry stands as a vibrant reflection of changing trends and shifting priorities. Despite the challenges posed by inflation and the cost-of-living crisis, a dichotomy has emerged in consumer behavior, where individuals untouched by the crisis continue to indulge in their favorite beverages, while those directly affected pivot towards more affordable luxuries, such as a bottle of something special.

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Higher Mexican Wages Spell Trouble for Near-Shoring

Supply Chain Brain

The trend comes in part from the U.S.-Mexico-Canada Agreement (USMCA), which took effect in July 2020 as a replacement for the North American Free Trade Agreement.

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Prevalent: Vendor Analysis — Third-party risk management solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

Categories: risk-compliance-management Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Prevalent and its third-party risk management (TPRM) solution. Prevalent allows users to continuously monitor third-party vendors for security, privacy, compliance and supply-chain-related risks. The provider offers 598 pre-configured templates in its survey library.

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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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Buyer Benefits: Ways To Cut Down On Costs Through Digital Procurement

Procurement Freelancers

Cost reduction without sacrificing profitability is a major worry for many business owners today. Digital… The post Buyer Benefits: Ways To Cut Down On Costs Through Digital Procurement first appeared on Procurement Blog | Procurement & Supply Chain News.

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Hyper-Automating the Retail Returns Process

Supply Chain Brain

The problem of omnichannel retail returns is one that must be addressed.

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Kubernetes version 1.27 now available in IBM Cloud Kubernetes Service

IBM Supply Chain Blog

We are excited to announce the availability of Kubernetes version 1.27 for your clusters that are running in IBM Cloud Kubernetes Service. This is our 22nd release of Kubernetes. With our Kubernetes service, you can easily upgrade your clusters without the need for deep Kubernetes knowledge. When you deploy new clusters, the default Kubernetes version remains 1.25 (soon to be 1.26); you can also choose to immediately deploy version 1.27.

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Blue Apron sells fulfillment centers in shift to asset-light model

Supply Chain Dive

The buyer, FreshRealm, plans to exclusively provide production and fulfillment needs for the company's meal kit products.

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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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Inflation: How we can help suppliers to help us

HICX

With inflation slowing sales and blocking price rises, manufacturers are feeling the pinch. Many will react, as the sector has done for decades, by beating down suppliers on price. All this does though is bounce the problem around the supply chain. It drains suppliers of the resources they need to deliver vital enhancements—including supplies, information, and ideas—without which, brands are less competitive.

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Target sticks with lean inventory position as uncertainty lingers in 2023

Supply Chain Dive

A double digit decline in stock levels has freed the retailer to focus on well-performing product.

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Episode 116: Winning the Mythical Talent War with Jon Hansen

Una

EPISODE 116 Winning the Mythical Talent War with Jon Hansen By Kelly Barner | May 24, 2023 Despite investments in education and efforts to recruit from a strong and diverse talent pool, CPOs have always been worried about procurement skill sets. They refuse to believe that the talent they have in house is ‘up to’ the strategic objectives they plan to set forth.

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Marisa Martin on Finding A Seat at the Supply Chain Table

Let's Talk Supply Chain

Promoting yourself at work can be tough to navigate in any industry, let alone a male-dominated industry marked by constant chaos. The 2020’s have escalated nonstop supply chain disruption, from delays to shortages and workforce challenges. Supply chain obstacles are still being cited for growing global inflation. Identifying the right mentors and opportunities and being resilient in the face of constant change has never been more important to building a supply chain career.

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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.

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Autonomous Business is the Next Tech-Enabled Strategic Growth Curve for Pioneer Enterprises

Arkestro

Autonomous Business is the Next Tech-Enabled Strategic Growth Curve for Pioneer Enterprises The digital business era is evolving and to stay ahead of the curve, organizations are seeking the next technology-enabled growth opportunity. In this Gartner® report, their analysts discuss the rise of autonomous business, something they define as, “A style of business partly governed and majority-operated by self-learning software agents, that provides smart products and services to machine-customer-pre

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U.S. Plastic Bag Recycling Stream under Scrutiny

Supply Chain Brain

The American Chemistry Council initiated a program to urge the public to recycle plastic bags — one of the top sources of plastic pollution worldwide. But it's not working.

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Procurement News — May 24, 2023

CPO Rising

Welcome to Procurement News, part of our ongoing aggregate news series covering recent supply management headlines and trends pertinent to Chief Procurement Officers and other procurement leaders. Contact us with your news story here. CPO News Mike Kindy Joins Dollar Tree Inc. as CSCO CHESAPEAKE, Va. — Dollar Tree, Inc.

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Watch: Closing the Distance Between the Warehouse and End User

Supply Chain Brain

Getting the warehouse "closer" to the end user is important in supply chains today, says Brian Keiger, director of business development and marketing with Stow Robotics.

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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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Walmart Opens its Second Market Fulfillment Center

Supply Chain Brain

This is Arkansas’s first market fulfillment center, and the second to be opened in the United States, after Store #2142 in Salem, New Hampshire.

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GEODIS Announces Acquisition of Southern Companies

Supply Chain Brain

The French logistics company's acquisition will result in more than 80 Southern Companies employees across the United States joining GEODIS.