Thu.Oct 27, 2022

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Agile procurement vs. traditional procurement

RPF360

Many businesses have experienced supply chain disruptions recently. Find out if your organization needs to switch from Traditional to Agile procurement. The post Agile procurement vs. traditional procurement appeared first on RFP360.

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Logistics Statistics 2022 — 18 Key Figures

Procurement Tactics

33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free Whitepaper ?. ?. Or receive our famous weekly newsletter. Logistics Statistics 2022 — 18 Key Figures. Logistics statistics in 2022 allow people, especially professionals, to see the growth of logistics today and in the coming years. However, what are the factors that affect logistics and figures to see its growth?

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Tesla, Ford and VW Sound the Death Knell for Driverless Car Hype

Supply Chain Brain

Argo AI, darling of Ford and VW, is shutting down. Tesla’s self-driving claims are under criminal investigation. It's the end of years of faulty presumptions about driverless-vehicle technology.

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How the US plans to transform its lithium supply chain

Supply Chain Dive

With just 3.6% of global reserves, access to the critical mineral is vital to the country’s sustainable energy plans.

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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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Crime biggest contributor to retail shrink, report finds

Strategic Sourceror

For retailers, inventory shrinkage is an unavoidable reality. Whether it's caused by products containing defects, items getting lost or misplaced during shipping or a variety of other scenarios, when merchandise isn't available for purchase, it's chalked up to shrinkage. Another shrinkage contributor is theft, and based on a newly released report , it's a multi-billion dollar problem across the country.

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Five Essential Ways a Buy-Sell Solution Brings Resiliency and Agility to the Supply Chain — and the Business

Supply Chain Brain

Creating resilient and agile supply chains requires leveragING economies of scale when working with suppliers while minimizing risk, disruptions and shortages.

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Shannon Hamilton on Authenticity and Bringing Diversity to Transportation & Logistics

Let's Talk Supply Chain

Over the last few years, rapid fluctuations in change and availability have brought different approaches to transportation and logistics. Bringing more diverse voices to these areas of supply chain can only help to weather the latest logistics disruptions. In fact, according to Forbes , growing diversity in your industry and workplace means happier team members, higher levels of engagement and collaboration, and more revenue.

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A Second Railroad Union Votes Down Biden's Tentative Agreement

Supply Chain Brain

The Brotherhood of Maintenance of Way Employees, the third largest railroad union, voted earlier in October to also reject the agreement.

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A second rail union rejects labor deal over paid sick leave

Supply Chain Dive

The Brotherhood of Railroad Signalmen and their employers agreed to avoid service disruptions until December as part of a "status quo" period.

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Podcast | Three Mistakes That Procurement Makes — and How to Avoid Them

Supply Chain Brain

The success of any global supply chain starts with procurement. But a lot of companies are getting that function wrong.

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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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Kaiser Aluminum reports $24M in higher costs from magnesium, molten metal shortages

Supply Chain Dive

The aluminum maker is diversifying its supply base after raw material constraints lowered production levels at its Indiana rolling mill.

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Tensions With China: Four Ways U.S. Companies Can Mitigate Supply Chain Risks

Supply Chain Brain

To ensure that U.S. companies aren’t impacted by trade tensions with China in the near future, they must act now. .

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How PepsiCo is convincing its farmers to embrace regenerative agriculture

Supply Chain Dive

The food and beverage giant is hoping practices like cover cropping can help it meet its goal of achieving net zero emissions by 2040.

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Dearth of discounts attributable to broken supply chain

Strategic Sourceror

From BOGO offers on Greek yogurt to 50% off candy canes in the days following the holiday shopping season, discounts are a constant presence in grocery stores across the country. The question isn't so much if supermarkets are offering them, but how many and for which items. Relative to years past, however, deals on food and beverages are few and far between, and an underperforming supply chain is part of the reason why.

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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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[Pod] MAKE IT HAPPEN – Applying the Athlete’s Mindset to Your Procurement Journey w/ Lou Alexander

Art of Procurement

“If I am seeing a tough time in business where there’s something that I feel like I’m not achieving, I. The post [Pod] MAKE IT HAPPEN – Applying the Athlete’s Mindset to Your Procurement Journey w/ Lou Alexander appeared first on Art of Procurement.

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5 tips to minimize retail shrinkage

Strategic Sourceror

Every sector has its inherent challenges, and for retailers, a major one is shrinkage. Caused by a variety of factors that prevent stores from selling their merchandise — such as employee theft, return activity, shoplifting and more — shrinkage costs retailers a combined $94.5 billion in 2021 alone , according to the National Retail Federation.

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Proactis flagship event to focus on the finance and procurement evolutionary journey needed to drive organizational growth, without affecting business continuity

Spend Matters

Categories: Conferences , Industry News , Source to Pay , Sponsored Article Tags: Conferences and Events , EU , Sponsored Article Proactis has been helping mid-market organizations all over the world to manage spend for over 25 years. With this experience of finance and procurement automation projects, we have always been at the forefront of the continuous evolution that has arisen from societal and technological change.

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Ford, GM ramping up EV production efforts

Strategic Sourceror

With prices at the pump still elevated and winter bearing down, an increasing number of Americans are seriously thinking about purchasing an all-electric vehicle. The federal government is incentivizing drivers to do so as well through rebates and tax credits, something that over two-thirds of adults around the country support, according to a recent survey conducted by the Pew Research Center.

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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.

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Unwanted Russian Oil Piles Up on Ships Anchored Near Singapore

Supply Chain Brain

About 1.1 million tons of high-sulfur fuel oil were being stored on vessels near Singapore and Malaysia.

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Menu options fall as food prices inch higher

Strategic Sourceror

It isn't just costing families more money to put food on the kitchen table; it's costing restaurants more money to prepare meals for their guests. As a result of how much they're spending and a temperamental supply chain, a substantial portion of eateries are downsizing their menu offerings. Close to one-third of restaurant owners say they're offering fewer dishes to their dine-in and take-out customers, according to a newly released poll conducted by Toast.

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Amazon Shares Skid on Weak Outlook Amid Recession Fears

Supply Chain Brain

The e-commerce leader is projecting that sales in the current quarter would be far below expectations.

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Butter prices climb higher with holiday season approaching

Strategic Sourceror

Smeared on toast or melted for use in classic desserts like cookies and cake, butter is a delicious and ubiquitous condiment; it pairs well with savory and sweet foods alike. But with the dairy industry encountering production challenges and the holiday baking season around the corner, prices for butter are up appreciably — and the trend is expected to continue.

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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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Watch: Final-Mile Logistics Software: Buy vs. Build

Supply Chain Brain

Companies contemplating building logistics software in-house need to assess the ongoing costs involved, says Walt Heil, senior vice president of developed markets at Locus.

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3 reasons why food supply chains are still struggling post COVID

Strategic Sourceror

From key ingredient shortages to surging prices for traditionally inexpensive staples like milk, wheat and butter, the food supply chain is in a severe state of disrepair — and disarray. Just about everyone is feeling it, too, from the end consumer to grocery stores, restaurant chains and sole proprietorships, wholesale entities, farmers and distributors.

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Zumen: Vendor Analysis — Direct Materials (S2P) solution overview, competitors, tech selection tips, analyst summary

Spend Matters

Categories: E-Sourcing , Procurement Systems & Architecture , Source to Pay Tags: EU , PRO In this Spend Matters PRO Vendor Analysis, we give an overview of Zumen, a source-to-contract (S2C) solution built for direct materials. Zumen is for discrete manufacturers that want to improve their product to market management speed by bringing all the NPI/D (New Product Introduction/Development) activities into a single, transparent system of record that integrates easily with their ERP and product