Sun.Mar 03, 2024

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Spot the mistakes Strategic Sourcing Framework

Procurement Templates

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. Can you spot the mistakes! She’s added in category analysis twice and then she added a RFQ before a PQQ which means the flow isn’t quite right. A RFQ is used for low cost purchases and a PQQ is typically used for higher cost tenders.

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DSCSA Serialization: The Road to Compliance

Supply Chain Brain

Ten years after enactment by Congress, the Drug Supply Chain Security Act (DSCSA) serialization mandates finally took effect in November 2023. How ready are you?

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Food Logistics Tests Autonomous Trucking

Procurement Bulletin

Food Logistics Tests Autonomous Trucking Autonomous trucking startup, Kodiak Robotics, are testing a new delivery route to deliver refrigerated freight with their autonomous trucks for logistics company Martin Bower. Martin Bower’s big clients include McDonald’s, Chick-fil-A, Ikea and Maersk. China’s BYD Could Disrupt the EV Market As the world builds up the demand for EV’s, China’s leading EV manufacturer, BYD is building capacity with factories coming to Brazil, T

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In a Time of Risk and Uncertainty, Supply Chain Finance Takes Center Stage

Supply Chain Brain

As businesses struggle to conform their supply chains to the ever-changing the needs of the market, they’re constantly reminded of one core truth: In the end, it’s all about the money.

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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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#ProgressFeelsLike – Here is what 60% of women believe

Procurement Insights

With the approach of International Women’s Day, here are a few noteworthy statistics on the progress of 46.38% of the worldwide workforce 60% of women believe that the speed of women’s progress is either stagnant or moving slowly. ( Kotex – Feb. 2024) Half of the women polled indicated that the world is a more uncomfortable place for them than ever before. ( Kotex – Feb. 2024) Furthermore, the study showed that these sentiments are relatively stronger among the younger ge

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Value - Procurement Framework in the Context of Servitization

The Good Spending

It all started in the attempt to understand the theoretical concept of servitization , i.e., the transformational shift from a product-centric to a service-centric business model and logic that we observe extensively in the area of IT procurement, in particular. In our earlier posts , we analyzed the notion of XaaS (Anything-as-a-Service) in the context of outsourcing.

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Transparency is the Antidote for Rising IT Costs

Art of Procurement

“There is always room for negotiation around IT spend. The worst they can do is say ‘no,’ but at least. The post Transparency is the Antidote for Rising IT Costs appeared first on Art of Procurement.

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Watch: The Road to Creating a Standards-Based Electronic BoL

Supply Chain Brain

Carrier members of the Digital Container Shipping Association have committed to 100% implementation of electronic bills of lading by 2030, according to CEO Thomas Bagge.

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Fertilizer Ship Attacked by Houthis Last Month Sinks in Red Sea

Supply Chain Brain

U.S. Central Command said the attack had caused an 18-mile oil slick, warning that the spillage of the cargo into the sea would worsen the environmental impact.

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Boeing Bets Big on Spirit Aero With 737, Reputation on the Line

Supply Chain Brain

Former Boeing division Spirit AeroSystems Holdings Inc. is the supplier at the center of a spate of recent quality issues affecting the 737 Max airliner.

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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.