Mon.Dec 11, 2023

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Is Technology Ready To Stem The Tide Of Supply Chain Health And Safety Hazards?

All Things Supply Chain

The US supply chain underwent huge changes as a result of Covid-19 pandemic and it has never fully recovered.

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Maximizing the Advantages of a Purchase Order Approval Process

ProcurePort

Understanding the Purchase Order Approval Process At its core, a Purchase Order (PO) Approval Process is a structured workflow that organizations follow to authorize and monitor the procurement of goods and services. It typically involves several stages, including the initiation of a purchase request, creation and submission of a purchase order, and final approval from […] The post Maximizing the Advantages of a Purchase Order Approval Process appeared first on ProcurePort Blog.

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Rethinking Strategy for a Circular World

SCMR (Supply Chain Management Review)

Companies at the forefront of the circularity shift have begun identifying and investing in the new structures and processes required to replace linear business models. As these new market dynamics develop, industries will be able to go circular at a faster pace.

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Logistics companies race to adapt to shifting supply chains

Supply Chain Dive

Carriers in ocean, air cargo, rail and trucking are launching new services and tweaking their networks amid evolving global trade flows.

Logistics 123
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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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Yellow Rejects Rescue Bid

Supply Chain Brain

The trucker's lawyers rejected an attempt to resurrect the company shortly after an auction in bankruptcy court raised nearly $1.9 billion for a swath of terminals around the country.

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Five Below looks to tech, analytics to optimize inventory

Supply Chain Dive

As the discount retailer aims to speed up its supply chain and hold back costs, it has also opened a sourcing office in India.

More Trending

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Tradeshift: Vendor Analysis, 2023 Update (Part 2) — P2P solution strengths and weaknesses, tech selection tips

Spend Matters

Part 2 of this Spend Matters Vendor Analysis 2023 update focuses on the strengths and weaknesses of Tradeshift’s AP Automation solution. We also suggest elements to consider when looking at Tradeshift as a potential solution provider. Part 1 of the series provides a history and overview of Tradeshift´s AP Automation solution, a company-level SWOT analysis and profiles of competitors.

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Drayage Business at Technological Crossroads, Software Exec Says

Supply Chain Brain

People in trucking have been doing the same thing the same way for a long time, so getting them to commit to new technology is a little bit of a challenge.

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Tradeshift: Vendor Analysis, 2023 Update (Part 1) — P2P solution overview, market analysis, company SWOT, competitors

Spend Matters

Founded in 2009 in Copenhagen, Denmark, Tradeshift began with a strong focus on e-invoicing, enabling businesses to streamline their invoicing processes. In 2010, Tradeshift expanded its presence to the United States, opening an office in San Francisco, California. The platform’s innovative approach to digital procurement captured the attention of businesses seeking to enhance their supplier relationships and automate invoicing.

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Mastering Data Flow in Your Supply Chain

Supply Chain Brain

It’s not too late to course-correct your data practices, but you have to take that first step sooner rather than later.

Data 97
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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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5 delivery strategies to enhance customer experience

Supply Chain Dive

With 70% of customers dropping off at the point-of-purchase, retailers must ace the checkout experience – including delivery – if they want to win and retain customers.

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Tradeshift: Vendor Analysis, 2023 Update (Part 3) — P2P solution process/module details and analyst summary

Spend Matters

Part 3 of this Spend Matters Insider Vendor Analysis 2023 update focuses on a deeper examination of Tradeshift’s AP Automation offering, with a detailed look at each of its modules. It concludes with an analyst summary. This content is for members only. Visit the site and log in/register to read. The post Tradeshift: Vendor Analysis, 2023 Update (Part 3) — P2P solution process/module details and analyst summary appeared first on Spend Matters.

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BIMCO Adopts ETS Carbon Trading Clauses to Meet EU Requirements

Supply Chain Brain

BIMCO says its new ETS clauses have been developed for use with any applicable emission scheme, including, but not limited to, the EU ETS.

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DOL shifts to a per-violation penalty for certain child labor infractions

Supply Chain Dive

The change from the previous per-child basis is another enforcement shift in a year where federal regulators cracked down on child labor law violators.

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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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New Year Insights for the procurement solutions and services marketplace 2024: Coupa

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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Teamsters, UPS avoid peak season strike in Louisville

Supply Chain Dive

The parcel giant reinstated dozens of terminated union workers at a package sortation hub after a call with the union Friday.

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Grounded Dark-Fleet Oil Tanker Gets Cargo Removed Near Indonesia

Supply Chain Brain

A so-called dark fleet of tankers like the Liberty, which already existed before Russia invaded Ukraine, has ballooned since.

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Amazon cuts referral fees for some apparel sellers

Supply Chain Dive

The retailer said the changes are meant to improve the speed of delivery and reduce total costs.

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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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379: Use Effective Rate Management To Boost Your Business, with DrayMaster

Let's Talk Supply Chain

  Today I’m joined by DrayMaster , a digital drayage brand designed to increase efficiency, save time, and boost profits for truckers and brokers. Draymaster is the only digital rate management system in the drayage space. DrayMaster’s unique solution facilitates faster cash flow for truckers and more efficiency for brokers, so organizations can spend less time thinking about rates and more time growing their business.

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Random Thoughts On A Monday: Should Suppliers Pay To Do Business With You?

Procurement Insights

“Introducing supplier fees for vendors who send invoices in a world where computing on unstructured data becomes easier and cheaper will end up being the downfall for certain b2b network companies as their networks (and shareholders) will lose value as vendors opt-out large scale.” “I was always against the business model of charging suppliers in principle and instead wanted to focus on creating value for suppliers and then earning some of that value from them.” – C

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The big rewards of microcredentials: How new education options help employees and job seekers quickly advance their careers

Supply Chain Dive

Shorter, customizable learning courses, or microcredentials, can help ease the labor shortage.

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Your 2024 Procurement Career Tune-Up

Una

Your 2024 Procurement Career Tune-Up As we leap into the shiny unknown of next year, let’s revamp your professional journey and and explore a procurement career tune-up. By Hugo Britt | December 12, 2023 Search Search As we dust off the remnants of 2023 and leap into the shiny unknown of 2024, it’s time to give your procurement career a tune-up.

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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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Leveraging LinkedIn Sales Navigator for Prospecting 

Negotiations Ninja

Donald Kelly started working in B2B sales in college but found more success in B2C. When he decided to transition back to B2B, he said he was “Kicked in the face.” He didn’t know what he was doing. Luckily, the company he was working for put him through some training, which changed everything for him.

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Can robots help workers meet growing fulfillment demands?

Supply Chain Dive

How have 3PLs and retailers used autonomous mobile robots to handle peak season e-commerce growth?

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Merck Navigates Chip Geopolitics With ‘China For China’ Strategy

Supply Chain Brain

The German company adopted the “China for China” strategy in 2018 to meet surging demand for its LCD panels there.

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Building Trust In Your Supply Chain With Effective Supplier Auditing

Procurement Freelancers

In the intricate and evolving global business environment, the integrity and dependability of a supply…

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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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Magnus Mondays: Procurement Tech — Suites vs. Specialists Part Five: The Final Factors

CPO Rising

Over the last couple of weeks, I’ve discussed the question of suites vs. specialists in the procurement technology space.

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Types of Procurement Reports: Definition & Benefits

SCMDOJO

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process. From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance.

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Empowering Supply Chain Management Through Digital Transformation

HICX

The vital role of digital transformation in today’s business environment The development of new technologies and widespread digital adoption has led to digital transformation having emerged as one of the most critical factors in the business landscape. An increasing number of organizations recognize that to remain relevant in increasingly competitive markets, digital adoption is no longer just beneficial, but is instead essential for the long-term viability of the business.

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IBM App Connect: The sustainability tool you didn’t know you needed

IBM Supply Chain Blog

Data is one of the key drivers to an effective sustainability agenda. When data flows freely across your enterprise, you can gain transparency into your operations to enable informed and effective sustainability efforts. As the saying goes, information is power. Integrating your key applications can help harness valuable data and foster the high-level communication across business functions necessary to operationalize sustainability in your enterprise.

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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.