Tue.May 23, 2023

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Bullwhip Effect — Everything About Supply Chain

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Bullwhip Effect — Everything About Supply Chain Bullwhip effect can disrupt your supply chain and you must consider yourself lucky if you still have not experienced this. However, what is it? In this article, we will define what the bullwhip effect is.

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Group Purchasing and Indirect Spend: a Fairy-Tale Romance

Una

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. By Hugo Britt | May 23, 2023 Search Welcome to Story Time with Una , a not-so-regular series that offers a fresh, fun take on various topics impacting procurement.

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Trending Sources

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AI opens new frontier in supply chain planning

Supply Chain Dive

The pandemic showed that forecasting is more important — and difficult — than ever.

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UPS Healthcare Opens New Logistics Facility in Singapore

Supply Chain Brain

The new 93,646-square-foot facility located in Tuas, Singapore will be able to store healthcare products in temperatures ranging from -176 degrees to 77 degrees Fahrenheit.

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How a Global CPG Leader Optimized $500M of Direct Materials Spend and Exceeded Savings Goal

A Fortune 500 CPG company partnered with GEP to improve end-to-end category management, optimize direct spend categories, and increase strategic focus on tail spend. GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supply chain resilience and agility.

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Chipotle prepares national rollout of RFID for food traceability

Supply Chain Dive

The restaurant chain is expanding its use of the technology to track ingredients from suppliers in real-time.

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Talking Supply Chain: Getting healthy with the supply chain

SCMR (Supply Chain Management Review)

Supply chains are designed to move goods from point A to point B, and that is certainly true for those that move health care goods through the supply chain.

More Trending

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New Business Models Require New Supply Chains

Supply Chain Brain

Digital capabilities are creating smarter and better-informed customers, both in the B2B and B2C spaces.

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ContainerPort Group moves to 8-acre terminal in South Carolina

Supply Chain Dive

The North Charleston site will help the drayage and logistics provider grow its dedicated services business, which launched last fall.

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Configure an IBM Cloud Code Engine application to use custom domains

IBM Supply Chain Blog

IBM Cloud Code Engine is a fully managed, serverless platform that runs your containerized workloads, including web apps, microservices, event-driven functions or batch jobs. Code Engine even builds container images for you from your source code. All these workloads can seamlessly work together because they are all hosted within the same Kubernetes infrastructure.

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Walmart opens store-based fulfillment center in Arkansas

Supply Chain Dive

The facility will help the retailer boost order throughput via a proprietary storage and retrieval system.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

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. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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What is smart transportation?

IBM Supply Chain Blog

Every day, people encounter multiple obstacles while traveling to their intended destinations. Sitting in traffic, waiting for the bus to arrive 15 minutes later than scheduled, driving around for 30 minutes to find a parking spot—the modern world is full of inconveniences due to underlying inefficiencies in our transportation systems. However, stalled cars and harried people waiting for public transportation aren’t just an individual nuisance.

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Boot Barn’s Kansas City distribution center provides relief for California facility

Supply Chain Dive

Receiving activity at the new center began in April, with outbound activity expected to occur this month.

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CEO outlook: Optimism, and caution, pave the road ahead

SCMR (Supply Chain Management Review)

A Boston Consulting Group survey finds CEOs generally optimistic, but focused on executing strategic cost-cutting that leaves their businesses poised for success.

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AI opens new frontier in supply chain planning

Supply Chain Dive

The pandemic showed that forecasting is more important — and difficult — than ever.

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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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IBM Cloud releases 2023 IBM Cloud for Financial Services Agreed-Upon Procedures (AUP) Report

IBM Supply Chain Blog

IBM Cloud completed its 2023 independent review of IBM Cloud services and processes. The review report demonstrates to its clients, partners and other interested parties that IBM Cloud services have implemented and adhere to the technical, administrative and physical control requirements of IBM Cloud Framework for Financial Services. What is the IBM Cloud Framework for Financial Services?

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U.S. Companies Begin Providing Supply Chain Finance Program Details

Supply Chain Brain

PPG, LyondellBasell, Fluence Energy and Viatris were some of the first companies to disclose their supply chain financing data under the FASB's new rule.

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2 Stakeholders Are Pivotal to Your ESG Success

HICX

Today, environmental, social and governance (ESG) initiatives are a mainstay on the corporate agenda. And, as everything is connected in a supply chain, ESG progress at your organization is directly linked to progress for your partners. To effectively gather and analyze ESG data from all parts of your network, you need direct support from two key stakeholders: your tier-one suppliers and your internal team.

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Group Purchasing and Indirect Spend: a Fairy-Tale Romance

Una

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. By Hugo Britt | May 23, 2023 Search Search Welcome to Story Time with Una , a not-so-regular series that offers a fresh, fun take on various topics impacting procurement.

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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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Finale Inventory is the Perfect Quickbooks Commerce Alternative

Finale Inventory

If you’re affected by the sunsetting of QuickBooks Commerce, Finale Inventory’s cost-effective software offers advanced inventory management, robust reporting, and excellent customer support. If you’re one of the many businesses affected by the sunsetting of QuickBooks Commerce, which was initially TradeGecko but renamed after it was acquired in 2020, don’t worry – there’s a reliable alternative.

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Everything You Need to Know About Procurement Solutions

Pipefy

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. Because of this, carrying out its operations manually is time-consuming and incredibly expensive for businesses. Savvy leaders are quickly adopting e-procurement solutions to lower the time, costs, silos, and strained supplier relationships that plague manual operations.

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Overcoming Construction Struggles With Predictive Procurement

Arkestro

Resources / Blog / Overcoming Construction Struggles With Predictive Procurement Overcoming Construction Struggles With Predictive Procurement In years past, the construction industry lagged behind the pack when it came to predictive procurement and digital transformation. After all, procurement in construction faces many unique challenges and requirements, making it a historically difficult industry to manage effectively.

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From Cybersecurity Threats to Revenue Loss: How to Manage (and Minimize) Risk with Procurement

Art of Procurement

Cybersecurity tops the list of risks that keep c-suite leaders and procurement practitioners up at night. Organizations face repeated and. The post From Cybersecurity Threats to Revenue Loss: How to Manage (and Minimize) Risk with Procurement appeared first on Art of Procurement.

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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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Ocean Freight Rates Drop to 2019 Levels

Supply Chain Brain

With more capacity from shipbuilders on the way, shipping companies have limited leverage in what’s become a buyers’ container market.

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From Procurement to Supply Chain Tech CMO – Sarah Scudder from Sourceday

The Procuretech Podcast

Today on The Procuretech Podcast, we welcome Sarah Scudder, Chief Marketing Officer of SourceDay. They're a Texas-based supply chain software company. Sarah previously appeared on the show way back in Series 1. SourceDay's mission is to ensure that manufacturing companies always get their parts on time. I can relate to this mission, having been a direct materials buyer in the automotive industry before the 2008-09 recession.

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Apple Announces Multibillion-Dollar Component Deal with Broadcom

Supply Chain Brain

The deal will see the company develop 5G RF and wireless connectivity components for Apple while Broadcom will be able to invest in more automation projects.

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Turning hybrid cloud security into a profit center

IBM Supply Chain Blog

As more enterprises move to hybrid cloud environments, hybrid cloud security has become imperative to business growth. According to a 2021 study by the IBM Institute for Business Value (IBV), 80% of executives expected their organizations to operate more than 10 distinct clouds by 2023, up from eight in 2020. “The scale of most enterprise hybrid cloud deployments is so vast and penetrates so deeply that the need for an all-in security culture is absolute,” says Shue-Jane Thompson, ma

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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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Life Science Companies Underutilize Real-Time Data but Invest in ESG Initiatives

Supply Chain Brain

Less than 50% of life science companies currently have access to real-time data while less than a third use this data to make real-time business decisions.

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BCG’s 10 Step Plan for Procurement Excellence

Procurement Software

Procurement excellence is a hot topic these days. If Procurement is to deliver more with less, it’s essential that we get the most out of the resources we do have. Part of this is ensuring that we operate effectively through our optimised stakeholder and supplier relationships. If we’re to deliver the increasingly challenging expectations of managing the supply base, we need to have executive level sponsors and world class management of our strategic suppliers.

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Watch: CarParts.com and Takt: An E-Commerce Case Study

Supply Chain Brain

A case study about how Takt helped CarParts.com achieved visibility into its activities on the warehouse floor, and improve its operations in the process.

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