Tue.Sep 12, 2023

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What is ABC Classification? How to Calculate ABC Classification

SCMDOJO

Unlock efficient inventory management with ABC classification. Learn the steps, benefits, and use SCMDOJO's tool for quick analysis.

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THE BIG INTERVIEW WITH LAURA DANIEL

Procurement Heads

For Procurement Heads’ latest Big Interview, Laura spoke with Gemma Burman about her career in procurement and what challenges she and other procurement leaders currently face in the industry. How did you get into Procurement? So, like most people, I didn’t choose procurement. I think it chose me. I started my career at nPower, a large utility company.

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Where AI Actually Matters in the Supply Chain

The Network Effect

AI is big in supply chain management, but there are places it is ideally suited to, and other areas that are highly problematic. Ranjit Notani explains.

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Kroger and Albertsons Plan to Sell 413 Stores, Kroger Gains Supply Chain Efficiencies

Supply Chain Brain

Kroger said it has achieved “meaningful operational efficiencies” in its supply chain through improved transport capacity utilization and increased productivity in its warehouses and across its network.

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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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5 Common Myths About GPOs

Art of Procurement

At Categorypalooza 2023, Brian Halpin, VP and General Manager at Procure Analytics, led a session on the complexities and opportunities. The post 5 Common Myths About GPOs appeared first on Art of Procurement.

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UPS Chief Says Year One of Pricey New Labor Deal Will Hurt Most

Supply Chain Brain

UPS said in August that the heated discussions caused about 1.2 million packages per day of lost volume — either directly to competitors or new business that didn’t occur.

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More Trending

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It’s National Truck Driver Appreciation Week!

Supply Chain Brain

The ATA invites everyone to join in celebrating truck drivers by sharing a message on social media, tagging ATA and using the hashtags #NTDAW23 and #ThankATrucker.

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UK Government tests frictionless trade models with Ecosystem of Trust pilots

IBM Supply Chain Blog

The UK government’s Ecosystem of Trust is a potential future border model for frictionless trade, which the UK government committed to pilot testing from October 2022 to March 2023. The pilots made supply chain data directly accessible to the government, used new technologies to preserve goods’ physical integrity and considered how trusted relationships could enable certain controls to be performed by industry rather than the government.

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Corporate Investments in Supplier Diversity Remain Strong, Despite Challenges

Supply Chain Brain

Eighty-nine percent of companies expect to maintain or increase support for supplier diversity, according to Supplier.io’s 2023 State of Supplier Diversity Report.

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Don’t master AI. Be a Master of Your Business Process!

Supply Chain Trend

Seeing through the AI razzle dazzle Everything seems to be AI these days, which can become overwhelming when you have to think about how it can be used in your industry or business process. All whilst the market is screaming from all directions with their AI message. The AI razzle dazzle will continue. It will probably accelerate. Expect a ChatGPT every one or two years.

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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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Do More with the Same in Logistics and Distribution

SCMR (Supply Chain Management Review)

Download this new white paper to learn best-practice strategies that can help your company do more with the same — optimizing your workforce to weather the current economic climate and pave a successful path forward.

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Amazon unveils end-to-end supply chain services

Supply Chain Dive

Through Supply Chain by Amazon, sellers can have Amazon handle their logistics from manufacturers to customers.

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Digital Supply Chain Tops ASCM’s Top 10 Supply Chain Trends for 2024

SCMR (Supply Chain Management Review)

The ASCM top 10 supply chain trends for 2024 feature a new number one, but technology trends still dominate the top five overall.

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How Prominent Video Game Technology is Changing Industrial Training and Manufacturing

Supply Chain Brain

Managers of manufacturing and training operations will need to see a faster ROI if this technology hopes to become a staple of supply chains.

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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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Wawa debuts first-ever electric truck

Supply Chain Dive

The c-store chain will run a six-month pilot program in partnership with Penske in order to “test and learn” more about this side of the electric vehicle space.

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Debunking observability myths – Part 5: You can create an observable system without observability-driven automation

IBM Supply Chain Blog

In our blog series, we’ve debunked the following observability myths so far: Part 1: You can skip monitoring and rely solely on logs Part 2: Observability is built exclusively for SREs Part 3: Observability is only relevant and beneficial for large-scale systems or complex architectures Part 4: Observability is always expensive In this post, we’ll tackle another fallacy that limits the potential of observability —that you can create an observable system without observability dr

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Investors call for Nike to pay $2.2M in owed wages to supply chain workers

Supply Chain Dive

Ahead of the sportswear giant’s annual meeting this week, investors are asking the company to avoid similar cases in the future.

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Planned Work: The Strategic Advantage Every CPO Must Know

Procurement Foundry

Introduction In the realm of modern business operations, procurement has evolved from being a mere transactional process to a strategic function that directly influences a company's success. Central to this evolution is the concept of planned work in procurement. This article delves into the crucial aspects of planned work in procurement and why considering procurement orchestration is valuable.

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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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Flexport’s new product launch builds on Shopify Logistics acquisition

Supply Chain Dive

Flexport Revolution advances the company's push to provide fulfillment services tailored for small- and medium-sized businesses.

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Rutgers Business School to Host Arkestro’s Museum of Procurement

Arkestro

Press Releases / Rutgers Business School to Host Arkestro’s Museum of Procurement Rutgers Business School to Host Arkestro’s Museum of Procurement One of a Kind Museum Celebrating Procurement’s Storied History and Exciting Future to Take Semester-Long Stop in Newark, NJ NEWARK, NJ and SAN FRANCISCO, CA, September 12, 2023 – In an era when procurement has taken center stage, Arkestro’s Museum of Procurement will begin an interim residence at Rutgers Business School in Newark, NJ, following an exh

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Drug Supply Chain Security Act enforcement delayed until 2024

Supply Chain Dive

The extension aims to help healthcare supply chain partners develop and refine their systems for electronic data sharing.

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Watch: Big & Bulky Home Delivery Needs a Major Overhaul

Supply Chain Brain

Shobhit Elhance, vice president of business development at LogiNext, discusses the pain points faced by shippers and carriers in the delivery of big and bulky items.

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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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Estée Lauder hires new procurement chief

Supply Chain Dive

The cosmetics giant tapped Quentin Roach to oversee its strategic supplier relationships and help drive innovation with its partners.

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ContractSafe Wins Big in the G2 Fall 2023 Awards

ContractSafe

It’s official. ContractSafe is the easiest contract management solution to work with and the most likely to be recommended. But don’t take our word for it!

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FMC asks shippers, transportation providers to weigh in on data initiative

Supply Chain Dive

Questions for stakeholders focus on data-sharing and the costs of current constraints.

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Procuretech in the Middle East – Iyad Aldalooj from Penny Software

The Procuretech Podcast

In this episode of The Procuretech Podcast, host James Meads welcomes Iyad Aldalooj, founder and CEO of Penny, a source-to-pay solution and B2B marketplace, based in Saudi Arabia. They discuss the challenges and nuances of the procurement technology space in the rapidly developing Middle East and Gulf region. Tune in for an insightful conversation on the future of procurement in the Middle East.

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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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Leveraging Procurement Software with ERP Integration

Fraxion

The advantage of procurement software with ERP integration Companies are looking for ways to stay competitive, and it is no secret that having efficient and streamlined processes is vital to staying ahead of the curve. One critical aspect of business operations is Enterprise Resource Planning (ERP), a comprehensive software system that integrates various departments and functions within an organization.

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Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend.

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3 steps to unlock spend synergies through unified language

Spend Matters

This content does not express the views or opinions of Spend Matters. As a procurement professional myself, I have witnessed and been part of many procurement teams of different maturity levels and sizes. Their shared mission? Enabling business objectives — whether it’s growth, innovation, cost-cutting, compliance or risk management — by gaining control over the addressable spend across the company.

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Warehouse Layout Optimization for Efficient Inventory Management

SCMDOJO

Warehouses seem like a confusing maze filled with rows of shelves, stacks of goods, and a beehive of activity. Have you ever thought about how these warehouses are actually designed? Or how the warehouse staff always seem to know exactly where everything is located? This is where warehouse layout optimization come into play. Welcome to the world of smart warehouse layout optimization – where the right planning, designing, and execution can take the space from chaotic to systematic!

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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.