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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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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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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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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Apple strikes multibillion-dollar deal with Broadcom for US-made 5G tech

Supply Chain Dive

The mobile and computing giant framed the partnership as part of its commitment to invest $430 billion in the domestic economy.

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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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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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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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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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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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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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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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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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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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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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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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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.

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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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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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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.