Wed.May 31, 2023

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Inventory Control — What You Should Know

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Control — What You Should Know Inventory control allows businesses to ensure that the right amount of supply is available to meet the customers’ demands. However, what is it? In this article, we will discuss what inventory control is.

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Streamline Supplier Onboarding and Data Management with Supplier Management Software

ProcurePort

Effective supplier management is crucial for businesses to maintain smooth operations in their supply chain and drive growth. However, the process of onboarding new suppliers, gathering their information, and managing supplier data can be time-consuming and prone to errors when done manually. This is where automated supplier relationship management software comes into play.

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The Big Interview with Julian Hackett

Procurement Heads

For Procurement Heads ‘ latest Big Interview, he spoke with Gemma Burman about his procurement career. How did you get into procurement? My background before I went into procurement was in stores management and stock control. I took a position with Balfour Beatty Rail Infrastructure and part of my remit was to set up new stores for them at their Beeston Depot.

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Episode 117: Title 42 Comes to an End with Kris Lance

Una

EPISODE 117 Title 42 Comes to an End with Kris Lance By Kelly Barner | May 31, 2023 On May 11th, Title 42 came to an end with the expiration of the Federally-declared public health emergency established in response to the COVID-19 pandemic. Title 42 allowed the border patrol to turn away migrants without allowing them to claim asylum, but carried no penalty for repeated attempts to cross the border illegally.

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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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Climate Change Threatens a World Without Doritos

Supply Chain Brain

Climate change is causing supply chain disruptions for several of the commodities that are used to make Doritos like corn, salt, sunflower oil and dairy.

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Connected products at the edge

IBM Supply Chain Blog

There are many overlapping business usage scenarios involving both the disciplines of the Internet of Things (IoT) and edge computing. But there is one very practical and promising use case that has been commonly deployed without many people thinking about it: connected products. This use case involves devices and equipment embedded with sensors, software and connectivity that exchange data with other products, operators or environments in real-time.

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Join us at PrestoCon Day, a free virtual community event

IBM Supply Chain Blog

The Presto Foundation is excited to share its upcoming virtual community conference PrestoCon Day , taking place on 7 June 2023. Register for the free, virtual event What is Presto? Presto is an open-source, fast and reliable SQL query engine that provides one simple ANSI SQL interface for all your data analytics and your open lakehouse. Some of the biggest companies in the world are contributing to the Presto open-source project, including Meta, Uber and Intel.

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Whizz Giving Away Bicycle Helmets to New York Delivery Drivers

Supply Chain Brain

As part of the company's Ride Safe initiative, Whizz will give away 100 free bicycle helmets each month to New York City-based delivery workers.

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Higher shipping costs keep biting into Williams-Sonoma’s earnings

Supply Chain Dive

The retailer has shipped from out-of-market distribution centers and made multiple deliveries for multi-unit products in order to reach customers quicker.

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Bedrock: Vendor Analysis (Part 1) — SxM solution overview, SWOT, competitors, tech selection tips

Spend Matters

Categories: Procurement Systems & Architecture , Supplier Management Tags: PRO This Vendor Analysis is the first of two that cover Bedrock’s SxM offering. Bedrock is a technology company that offers procurement and accounts payable technology solutions and services. Bedrock is the new name of XPROfintech. The company’s rebranding at the end of 2022 is meant to reflect the company's growth and continued commitment to innovation.

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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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2023 Predictions/Market Outlook—Freight Forwarding

Supply Chain Brain

Are you prepared for the future of freight forwarding? Discover GEODIS’ groundbreaking insights and strategies in our latest white paper, 2023 Predictions/Market Outlook – Freight Forwarding.

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Bedrock: Vendor Analysis (Part 2) — SxM solution: strengths and weaknesses, solution modules, voice of the customer, analyst summary

Spend Matters

Categories: Accounts Payable , Procurement Strategy & Planning , Supplier Management Tags: PRO This Vendor Analysis is the second of two that cover Bedrock’s SxM offering. Bedrock is a technology company that offers procurement and accounts payable technology solutions and services. It offers two products: an SxM solution called Cornerstone and an AP solution called Keystone, which focuses on preventing duplicate and erroneous payments, recovering lost revenue and digitizing payment.

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Supply Chain Efficiency with SOLOCHAIN WMS

Supply Chain Brain

Hitachi Astemo launched a competitive RFP process to source a Warehouse Management System (WMS) that would help them overcome their current challenges.

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Getting to the heart of procurement strategy at the Midwestern Regional SIGnature Event

Spend Matters

Categories: Conferences Tags: Conference The procurement technology market can sometimes confuse developing better solutions for procurement with bettering the procurement function itself. CPOs need the right tools, obviously. But they must also understand how to use their tools, when to use their tools and why they need such tools in the first place.

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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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More Efficient Payments Means More Efficient Supply Chains

Supply Chain Brain

Digital transformation is taking place in the B2B payments industry, a move that can contribute significantly to improved supply chain efficiency.

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Keep it simple: How to succeed at business transformation using behavioral economics

IBM Supply Chain Blog

Business leaders often think it’s impossible to predict the outcome of a transformation effort—whether employees will embrace a new process, for example, or how customers will react to a new service. They’re missing out on a secret of change management, says IBM Global Managing Partner Jesus Mantas: “You really can predict, for the most part, why people do what they do.” The answers, he says, come from ​​behavioral economics.

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Saudi Arabia and U.K. Ink Critical Minerals Supply Chain Deal

Supply Chain Brain

The deal will improve the supply chain resilience of minerals like copper, lithium, cobalt and rare Earth elements , which are vital to producing electric vehicles and solar panels.

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FedEx Express, pilots union reach tentative agreement

Supply Chain Dive

The deal follows years of negotiations and a strike authorization vote two weeks ago.

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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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Episode 117: Title 42 Comes to an End with Kris Lance

Una

EPISODE 117 Title 42 Comes to an End with Kris Lance By Kelly Barner | May 31, 2023 On May 11th, Title 42 came to an end with the expiration of the Federally-declared public health emergency established in response to the COVID-19 pandemic. Title 42 allowed the border patrol to turn away migrants without allowing them to claim asylum, but carried no penalty for repeated attempts to cross the border illegally.

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Supplier Relationship Management: Tips for Successful Collaboration

Empowering CPO

Introduction In today’s interconnected world of business, Supplier Relationship Management (SRM) stands as a pillar of success for organizations across the globe. It’s the concerted effort of strategically planning and managing all interactions with suppliers that supply any goods and/or services to an organization. The ultimate goal? To maximize the value of those interactions, streamline operations, foster innovation, and drive mutual growth.

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How Overhaul Helps Prevent Cargo Theft in Mexico

Supply Chain Brain

Staying ahead of cargo theft in Mexico requires next-generation, multi-modal transportation visibility and a network of the right partners. Download this white paper today to find out how Overhaul helps prevent cargo theft in Mexico.

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Procurement in 5-Minutes: Why Procurement are the firefighters of Cashburn?

Sourcing Solved

We live and work in a busy world in which there is little time to read, watch or listen beyond the headlines. Hello, my name is Iain Campbell-McKenna, and this is “Procurement in 5-minutes.” That’s right, in 5-minutes (or more), I promise to tackle some of the biggest challenges and deepest questions our profession and industry face on a day-to-day basis.

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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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Tradebeyond – Q2 Retail Sourcing Report

Supply Chain Brain

TradeBeyond’s quarterly Retail Sourcing Report provides a comprehensive examination of the current state of global retail sourcing to help supply chain leaders better understand macroeconomic trends and make more informed purchasing decisions.

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Technology Round-Up — May 31, 2023

CPO Rising

CPO Rising’s Technology Round-Up Series returns today with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend management solution provider and you are continually innovating the way that procurement and supply chain leaders and practitioners drive value, we’d love to hear from you.

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Out of Chaos, Opportunity

Supply Chain Brain

Many shippers and logistics service providers abandoned conventional long-term planning for growth at the height of COVID-19. Instead, they pivoted to defensive resilience strategies and reliance solutions that add end-to-end shipment visibility, real-time response to manage disruption, and data analytics to optimize future performance.

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Preventive maintenance vs. predictive maintenance

IBM Supply Chain Blog

Your maintenance strategy may not be the first thing that springs to mind when thinking about the bottom line. Yet, given that machinery, equipment and systems keep businesses running, maintenance strategies have a major role to play. Without due care and attention, things break—regardless of whether that’s a transformer in an electricity grid, an axle bearing on a train or a refrigerator in a restaurant.

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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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FMCSA Launches Human Trafficking Awareness Campaign

Supply Chain Brain

"Your Roads, Their Freedom” will provide the United States’ 8.7 million commercial motor vehicle drivers with the information needed to identify and report suspected human trafficking.

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Indonesia Considers Limits on LNG Exports in New Trade Curbs

Supply Chain Brain

New LNG export contracts or renewals of existing agreements could be prohibited to prioritize the needs of domestic consumers, according to Coordinating Investment and Maritime Affairs Minister Luhut Pandjaitan.

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Oceanworks Launches Plastic Action Dashboard

Supply Chain Brain

The Plastics Action Dashboard will help organizations decrease their plastic usage rates while simultaneously improving their use of recycled materials.

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U.K. Farming and Trucking Most Exposed to Rise in Retiring Workers

Supply Chain Brain

More than half of the U.K.’s farmers are aged 55 and older while half of Britain's truck drivers are older than 50.

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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.