Wed.Apr 12, 2023

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Manufacturers turn to digital twins to improve supply chains

Supply Chain Dive

The burgeoning technology can help companies save time and money, if they can afford the upfront costs of integration and technology training.

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Understanding Why Conducting A Supplier Audit Is A Good Idea

Procurement Freelancers

It is crucial to make sure you have a dependable source to get products on… The post Understanding Why Conducting A Supplier Audit Is A Good Idea first appeared on Procurement Blog | Procurement & Supply Chain News.

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Sustainable Labor Practices — Embracing Sustainability

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Labor Practices — Embracing Sustainability Sustainable labor practices in procurement should be observed to ensure that the employees will have a safe working environment. However, how can you integrate sustainable practices into your business operations?

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Teamsters tell UPS no national negotiations until regional contracts finalized

Supply Chain Dive

Talks for the nationwide contract have been slated to start April 17, but the union alleges progress on local matters hasn't met the mark.

Contract 130
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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

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Reshaping the Future of Logistics: An Outlook on Warehousing Automation Trends

Supply Chain Brain

As the warehousing sector looks to evolve and keep up with rising consumer demand, significant investments are needed in transformative warehouse robotics.

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Episode 110: Telling a Business Story Beyond the Numbers with Christian Frantz Hansen

Una

EPISODE 110 Telling a Business Story Beyond the Numbers with Christian Frantz Hansen By Kelly Barner | April 12, 2023 Procurement has been working to build stronger, more partnership-based relationships inside the business, and yet we still struggle to maintain trust. Fortunately, we are not alone on this journey… other functions, finance in particular, struggle with the same.

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Senators press major retailers, brands on child labor in supply chains

Supply Chain Dive

Sens. Alex Padilla and John Hickenlooper questioned Walmart, Target, Ford, GM and others about their compliance practices after reports of exploitation in the U.S.

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New Strategies for De-Risking Global Supply Chains

Supply Chain Brain

Business leaders have been forced to reevaluate supply chains, especially those with ties to China. Now, the best solutions may be closer, geographically speaking, than one might realize.

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FedEx and Amazon still haven’t figured out sidewalk delivery robots. Will mass adoption ever come?

Supply Chain Dive

Delivery giants' tests of autonomous bots fizzled out. But many industry insiders still believe that the technology can catch on.

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Watch: A New Warning About Complying With Russian Sanctions

Supply Chain Brain

Ashley Craig, co-chair of the International Trade Group of Venable LLP, explains the content of a new communication from three government agencies, cracking down on violators of U.S. sanctions and export controls targeting Russia and Belarus.

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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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Obligation management: Why it’s important and what CLM end users can expect from their solutions

Spend Matters

Categories: Contract Management , Procurement Systems & Architecture Tags: PRO Contract lifecycle management (CLM) tools tend to specialize in a variety of areas to serve diverse use cases. Some may excel in metadata extraction for repository management. Others may focus on redlining and negotiations for counter-party collaboration. Others still may offer robust clause libraries with alternate/fallback clauses and perhaps even automated guidance.

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GM invests in lithium maker to bolster EV materials supply

Supply Chain Dive

Startup EnergyX will provide the automaker with the critical mineral sourced from mines in North America and South America.

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Netherlands Plans to End Russian LNG Imports, Minister Says

Supply Chain Brain

The move by the Netherlands would apply to both spot and long-term contracts. The nation is a transit country for gas supplies, meaning that the decision could have a broader European impact.

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Sagging demand pushes carriers to compete for volume

SCMR (Supply Chain Management Review)

Latest TD Cowen/AFS Freight Index shows tumbling truckload rates, cooling LTL costs and conflicting forces are pressuring parcel rates.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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Brookfield Infrastructure to Buy Triton in $4.7bn Deal

Supply Chain Brain

Brookfield agreed to buy Triton International Ltd., the world’s largest owner of intermodal shipping containers, for $4.7 billion.

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Managing product variety: Supply chain segmentation for food and beverage retailers

SCMR (Supply Chain Management Review)

Segmentation is a valuable tool for designing supply chain strategies for unique products, customers and distribution channels.

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Germany is Reviewing If Cosco Can Buy Hamburg Terminal Stake

Supply Chain Brain

Berlin is expected to adopt a more critical stance on China following Beijing’s increasingly militaristic threats against Taiwan.

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Negotiation Leverage: Your Path to Successful Results

Shapiro Negotiations Institute

Introduction Negotiating is a crucial skill in both personal and professional realms. A successful negotiator is skilled at steering conversations, managing power dynamics, and arriving at mutually advantageous outcomes. One of the most critical elements of negotiation is recognizing and employing negotiation leverage. As a professional negotiator, mastering this skill is critical to increasing your chances of success.

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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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Procurement News — April 12, 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 Joselina Peralta Named MamaMancini’s First CPO EAST RUTHERFORD, N.J. — MamaMancini’s Holdings, Inc.

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Negotiation Leverage: Your Path to Successful Results

Shapiro Negotiations Institute

Introduction Negotiating is a crucial skill in both personal and professional realms. A successful negotiator is skilled at steering conversations, managing power dynamics, and arriving at mutually advantageous outcomes. One of the most critical elements of negotiation is recognizing and employing negotiation leverage. As a professional negotiator, mastering this skill is critical to increasing your chances of success.

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SIG Appoints Edmund Zagorin, Arkestro’s Founder and Chief Strategy Officer to Advisory Board Post

Arkestro

The post SIG Appoints Edmund Zagorin, Arkestro’s Founder and Chief Strategy Officer to Advisory Board Post appeared first on Arkestro.

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Head2Head with Martin Coles 

Procurement Heads

For Procurement Heads ‘ latest Head2Head, he spoke with James Dobbin. Could you explain your role at Turner and Townsend? South West and Wales for us is a very large region. There is a clue in the title but is as far as Southampton and Portsmouth, all the way down to the south west tip of the UK, all of Hampshire, Wiltshire, Somerset and Devon, up through Gloucestershire and a chunk of South Wales as well, so a really large geographic area which is home to nearly 500 of our team members no

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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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No-Code vs. Low-Code: A Comparison

Pipefy

Low-code and no-code tools are everywhere these days. But what is the difference between low-code vs. no-code? In this post, we look at the features and characteristics that distinguish low-code tools from no-code tools. We also consider the best use case for each and review some examples. What is no-code? No-code refers to a development tool that doesn’t require coding skills or experience.

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Head2Head with Martin Coles 

Procurement Heads

For Procurement Heads ‘ latest Head2Head, he spoke with James Dobbin. Could you explain your role at Turner and Townsend? South West and Wales for us is a very large region. There is a clue in the title but is as far as Southampton and Portsmouth, all the way down to the south west tip of the UK, all of Hampshire, Wiltshire, Somerset and Devon, up through Gloucestershire and a chunk of South Wales as well, so a really large geographic area which is home to nearly 500 of our team members no

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Addressing the network data monetization complexities

IBM Supply Chain Blog

In our previous blog, we identified the three layers to network data monetization. These were the data layer, the analytics layer and the automation layer. To address the network data value tree successfully, we must address the complexities of these three layers, which are essential for automated operations in telco. In the next part we will discuss the complexities of each of the layers.