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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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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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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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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Rethinking Supply Chains for Greater Efficiency, Resiliency, and Sustainability

Supply Chains have 3 key priorities: building resiliency, reducing costs and driving ESG performance. Read the new GEP-sponsored report by Harvard Business Review Analytic Services for strategies and digital solutions to achieve these goals.

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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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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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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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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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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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Geopolitical & Regulatory Issues: The Path Forward in Supply Chain & Logistics

Speaker: Lisa Anderson, MBA, CSCP, CLTD - President of LMA Consulting Group, S&OP Expert, and Speaker

The world of supply chain and logistics has been plagued with volatility, disruptions, and increased regulations. Several issues are converging simultaneously, creating a precarious path forward. In this webinar, we will talk about the current status of the supply chain and what the successful and unsuccessful paths forward will look like. Join demand planning and SIOP expert Lisa Anderson for a riveting discussion evaluating the geopolitical landscape and looking at the bigger picture to create

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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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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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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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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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Future Focus: Constructing Unshakeable Stability in Your Manufacturing Supply Chain

Speaker: Jay Black, Senior Account Executive

We’ve all heard the buzzwords to describe new supply chain trends: resiliency, sustainability, AI, machine learning. But what do these really mean today? Over the past few years, manufacturing has had to adapt to and overcome a wide variety of supply chain trends and disruptions to stay as stable as possible. Stability has become key in this post-COVID world, and will remain key moving forward.

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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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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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Return to Success: Streamlining Returns in the Supply Chain for Enhanced Efficiency

Speaker: Cathy Morrow Roberson, Research Manager for the Reverse Logistics Association

In today's competitive business landscape, providing a seamless return experience and maintaining an efficient supply chain are critical to customer satisfaction and loyalty. Businesses need to leverage advanced tracking systems and data analytics to identify bottlenecks and improve supply chain visibility. Efficient return management stands as a crucial strategy for optimizing the supply chain.

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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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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.

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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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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!