Mon.Feb 13, 2023

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Reshoring is on the rise; how smart is your factory?

SCMR (Supply Chain Management Review)

Sustained labor cost advantages in Asia complicates the reshoring equation, but a smart factory that offers worker productivity improvements of three-to-five times that of foreign workers makes it financially viable.

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What to Do When Supply Chains Break Your Heart

Una

What to Do When Supply Chains Break Your Heart Six helpful tips for what to do – and what NOT to do – when supply chains and supplier partners end up breaking your heart. By Anthony Clervi | February 14, 2023 Search We all know that supply chains can be fragile entities. Particularly in an era of Just-in-Time (JIT) supply management where businesses keep costs down by minimizing inventory, a supply chain only works so long as every link functions smoothly.

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Navigating Emotional Expressions in Negotiation

Negotiations Ninja

Is emotional expressiveness important in negotiation? And if it is, what kind of emotions should you express? And can—or should—you control spontaneous emotional expressions? Spontaneous expressions and deliberate expressions come from separate motor neuron pathways. You don’t have full control over the spontaneous pathway like you do the deliberate pathway.

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The Tough Road to Responsible Sourcing for EV Automakers

Supply Chain Brain

Jamie Wallisch wants companies to recognize that they truly have leverage. “Manufacturers do have an important part to play, even though it seems so high up and far removed,” she says.

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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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Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities

SCMDOJO

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. This department manages the selection, acquisition, and payment of goods and services needed to run a business. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

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Electric Vehicles Could Match Gasoline Cars on Price This Year

Supply Chain Brain

Competition, government incentives and falling raw material prices are making battery-powered cars more affordable sooner than expected.

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Amazon’s Self-Driving Car Shuttles People on Public Roads for the First Time

Supply Chain Brain

The company said the robotaxi trip marks the first time that a vehicle designed without human controls has carried passengers on a public road.

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Amazon pulls back on cargo operations with contractor ATSG

Supply Chain Dive

Fellow contractor Sun Country also reported reduced earnings and block hours from the e-commerce giant’s cargo operations.

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Solving Today’s Inventory and Sustainability Challenges With Marketing and AI

Supply Chain Brain

Each year, millions of garments are bought and disposed of by consumers, leaving behind a wake of water pollution and carbon emissions.

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Spirit Aerosystems plagued by parts shortages, supply chain instability

Supply Chain Dive

Labor shortages and increased costs caused production to stall across many of the Boeing supplier’s programs.

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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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[Pod] Forecasting the Future with Cautious Optimism w/ Rujul Zaparde and Colin Glazier

Art of Procurement

“We have an environment where the business is willing to go into battle with procurement to try and get wins. The post [Pod] Forecasting the Future with Cautious Optimism w/ Rujul Zaparde and Colin Glazier appeared first on Art of Procurement.

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A Three-Part Series: Powerful Advancements in Manufacturing You Can Make Now

Supply Chain Brain

Dag Calafell, director of Azure solutions with MCA Connect , talks about the company's three-part series about real-life, low-code solutions that empower manufacturers to do more with less.

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What is Sustainable Procurement?

Barkers Procurement

Sustainable procurement is the process of acquiring goods and services in a way that considers the environmental, social, and economic impacts of the purchase. It involves making purchasing decisions that balance the needs of the organisation with the need to protect natural resources and promote social and economic development. It is identifying and evaluating potential suppliers.

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Oil Swings as Recovery of Crude Exports Counters Russia’s Cut

Supply Chain Brain

On February 10th, Russia announced it would slash its output by half a million barrels a day. The decision led to a significant uptick in bullishness in the options market, while firming up timespreads.

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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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[VIDEO] BearingPoint & JAGGAER Maximize Autonomous Commerce Implementation Potential

Jaggaer

The post [VIDEO] BearingPoint & JAGGAER Maximize Autonomous Commerce Implementation Potential appeared first on JAGGAER.

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Using Automation to Transform the Source-to-Pay Cycle

Supply Chain Brain

Organizations lose between 3% and 4% of their total external spending due to high transaction costs, inefficiencies and non-compliance in the source-to-pay cycle.

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Emerging market logistics execs bracing for recession

SCMR (Supply Chain Management Review)

Higher costs, slowing demand and supply chain disruption are the expected causes.

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3 strategies to make your supply chain more sustainable

IBM Supply Chain Blog

There’s no such thing as a perfect supply chain. The key question is: What are you doing to continuously make yours more sustainable? A sustainable supply chain needs to embed environmental, social and governance (ESG) best practices into how raw materials are sourced, turned into products and delivered to market. It should address a wide range of issues, including environmental and social challenges like water security and deforestation, as well as human rights and fair labor working cond

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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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Vendor Management 101: The Basics

CPO Rising

In today’s world where globalization and innovation are critical to competitive survival, chief procurement officers rely on supplier specialization more than ever. Never have suppliers been more consequential and with immediate impact on enterprises’ revenues and customer satisfaction.

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What Is the Source-to-Pay (S2P) Process?

Pipefy

A company’s procurement department is driven by various processes and teams, including purchasing and accounts payable. One of the tactical processes leveraged to realize strategic goals is the source-to-pay process. Here’s everything you need to know about source-to-pay, from what it looks like in practice to how source-to-pay automation can improve procurement efficiency.

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Procurement vs. Acquisition: What’s the Real Difference?

Pipefy

While often used interchangeably, procurement and acquisition are two distinct resource strategies that fulfill two different needs with the help of various processes. In this short guide, you’ll learn about key differences, the purpose of each process, and how to tell them apart in this guide. Build better workflows with the Definitive Guide to Workflow Management Download now What is procurement?