Thu.Jun 08, 2023

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Supply Chain Network Design — Everything About Supply Chain

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Supply Chain Network Design — Everything About Supply Chain Supply chain network design helps businesses to mitigate disruptions by configuring the supply chain. However, what is it? In this article, we will define what supply chain network design is.

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UPS drivers will gain ‘millions of packages’ under SurePost deal, Teamsters say

Supply Chain Dive

The tentative agreement amid national contract talks would lead to half of SurePost deliveries being made by company drivers, the union's leader said.

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Periodic Inventory System — Everything You Should Know

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Periodic Inventory System — Everything You Should Know Periodic inventory system is a method in accounting that is usually easier and more cost-effective. However, what is it? This article will discuss what periodic inventory is and when you should use it.

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Macy’s doubles down on inventory discipline as demand falters

Supply Chain Dive

Inventories at the department store retailer were down 7% as it keeps its budget open to buy in-demand product.

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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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Sustainability Ratings — Embracing Sustainability

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Sustainability Ratings — Embracing Sustainability Sustainability ratings allow businesses to know how well they are performing in terms of environmental and social responsibility. However, what is it? In this article, we will define what sustainability ratings are.

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10 Steps Trade Show & Event Managers Can Take to Save Money and Improve the Logistics of Their Next Event

Let's Talk Supply Chain

10 Steps Trade Show & Event Managers Can Take to Save Money and Improve the Logistics of Their Next Event The logistics of trade show assets can make or break an event. A small error in the planning or execution of a trade show shipment can increase the cost of exhibiting or result in exhibit materials missing from the show- jeopardizing a company’s investment.

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Watch: 'Re-imagining' the End-to-End Supply Chain

Supply Chain Brain

Will the dream of an "end-to-end" supply chain finally come true — and if so, what will make it happen? Sumit Dutta, partner and leader of the Americas supply chain market with EY, has the answer.

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Warehouse Automation — Transforming Warehousing

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Warehouse Automation — Transforming Warehousing Warehouse automation helps businesses to increase productivity and accuracy in their warehouses. However, what is it? In this article, we will discuss what warehouse automation means.

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Near-Shoring in Mexico: More than Manufacturing

Supply Chain Brain

About 88% of U.S.-based small and medium-sized businesses (SMBs) will reorganize their supply chains to leverage suppliers in the U.S. or Mexico in 2023.

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Brazil Import and Export Statistics

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Brazil Import and Export Statistics Brazil’s total export amounts to $27.4 billion and its total imports reach $19.1 billion resulting in a positive trade balance in April 2023. Latin America’s top oil producer rebounded its economy due to its farming sector.

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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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Podcast | ‘Reinventing’ the Supply Chain for the 21st Century

Supply Chain Brain

The structural flaws of global supply chains were exposed by COVID-19. But the origins of those problems date back much further than the pandemic.

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Purchase Orders vs Invoices — 7 Key Differences

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Order vs Invoice — 7 Key Differences Purchase orders and invoices may be hard to differentiate, especially if you are new in the procurement industry. For this article, we will help you know the difference between a purchase order and an invoice.

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BBC, British Airways, Nova Scotia and More Victimized by Supply Chain Hack

Supply Chain Brain

U.S. and U.K. cybersecurity officials said that a Russian cyber-extortion group had hacked a file-transfer program known as MOVEit, which is used to securely share files.

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Celebrating World Oceans Day: Revitalizing the marine ecosystem with technology-driven engineered reefs to accelerate CO2 capture

IBM Supply Chain Blog

Every year on June 8th, World Oceans Day provides a global platform to raise awareness about the value of our oceans and the critical need for their protection. One thing is for certain: oceans are vital to our existence. The importance of our oceans and coral reefs Oceans cover 70% of the Earth’s surface and is home to up to 80% of all life in the world.

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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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Mercedes-Benz Strikes Supply Deal with H2 Green Steel

Supply Chain Brain

Besides supplying European facilities with 50,000 tons of green steel annually, the two sides signed an MoU for the potential supply of green steel in North America too.

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Intel crushed its supplier diversity targets 8 years early. Here’s how

Supply Chain Dive

The tech company met a goal on spending with diverse vendors eight years ahead of schedule. “We have a playbook,” says its VP of global supply chain operations.

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Soaring EV Sales Could Still Leave World Short on Emissions Goal

Supply Chain Brain

Shipments of plug-in passenger vehicles surged to around 27 million units in 2023 as sales jumped in China and the U.S., offsetting slower growth in Europe.

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DispatchTrack report finds operational costs, inflation, inventory continue to vex supply chain

SCMR (Supply Chain Management Review)

A new survey conducted by DispatchTrack found that operational costs, inflation and inventory concerns remain challenges for supply chains, but there is plenty of optimism for the remainder of the year.

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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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Artistic Revolutions: Comparing the Impact of Photography and Generative AI

Art of Procurement

“Being good in business is the most fascinating kind of art. Making money is art and working is art and. The post Artistic Revolutions: Comparing the Impact of Photography and Generative AI appeared first on Art of Procurement.

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DHL relocates e-commerce facility to Kansas City, adds automation

Supply Chain Dive

The $18 million investment is expected to help increase throughput with two automated parcel sorters.

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Australian Defense Department Mismanaged $1.7bn of Logistics

Supply Chain Brain

Items in the mismanaged inventories include ration packs, toiletries, light globes, clothing and parts for special pieces of military equipment.

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GM invests over $1B to boost EV battery production

Supply Chain Dive

The automaker and its joint venture partner POSCO Future M want to increase the production of cathode active material.

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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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How to Speed Up IT Systems Integration in a Merger or Acquisition

Supply Chain Brain

How should newly acquired or merged companies’ IT systems be replaced, reconnected or consolidated with those of the acquirer?

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FedEx to close Mississippi facility, cut dozens of couriers

Supply Chain Dive

Some employees will be relocated to a FedEx facility nearby, according to a WARN notice.

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China Lobbies EU Over Proposal to Punish Firms Supplying Russia

Supply Chain Brain

Chinese diplomats recently met with their European counterparts in Brussels and Beijing as part of a campaign to reportedly persuade officials to drop the Russian-based blacklist.

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Mastering Procurement Spend Analysis: A Step-by-Step Guide

Barkers Procurement

Spend analysis is an essential part of procurement that allows you to understand how you’re spending your budget and get the most out of it. A good spend analysis brings an organisation several different benefits, such as spend visibility, the identification of savings opportunities, spend forecasting and the ability to diversify reporting by tracking spending with different suppliers.

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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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Lithium Shortages Could Hand Salt a Starring Role in EV Shift

Supply Chain Brain

BloombergNEF expects sodium to take market share from the cheapest, lowest-range end of the Chinese car market, potentially displacing 272,000 tons of demand for lithium by 2035.

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[Pod] Procurement 6 – June 9th, 2023

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post [Pod] Procurement 6 – June 9th, 2023 appeared first on Art of Procurement.

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Procurement’s Rising Influence Heightens Need for Digital Transformation, According to SpendHQ and Procurious Joint Survey

SpendHQ

Current economic pressures make procurement’s overall impact even more crucial for organizations, yet work remains to enhance the function’s operational efficiency and demonstrate its value, according to a joint survey by SpendHQ and Procurious. The report, From Insights to Impact: Driving High-Performance Procurement, offers insights on gaps in procurement performance and data management and how procurement can transform its reputation and drive true value and impact.

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WMS + OMS: Maximize ROI & Win Customers for Life

SCMR (Supply Chain Management Review)

Join experts from Körber Supply Chain, Perficient, and Bricz to explore how combining a WMS and OMS helps you increase margin, improve ROI, and capitalize on operational efficiencies.

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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.