Fri.Jul 29, 2022

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Supply Chain Weekly Wrap-Up 07/22/2022-07/28/2022

All Things Supply Chain

Grain exports from Ukraine may resume ‘within days’ Ukraine has announced that the first set of vessels loaded with grain could be leaving the Black Sea ports in a matter…

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What is Economic Order Quantity & its Advantages

SCMDOJO

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. Like safety stock calculations , EOQ is one of the most important equations in supply chain planning.

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2022 Summer of Supply Chain Legislation

Skill Dynamics

The summer of 2022 will be remembered for many things, from soaring temperatures to an unforgettable Women’s Euro championship. However, for supply chain professionals, it will also be remembered as a summer of environmental, social and governance (ESG) legislation. Legislation coming into play. Last year, Germany passed its Act on Corporate Due Diligence Obligations in Supply Chains.

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Is your organization ready for another potential supply chain blow?

Strategic Sourceror

We're all aware of the situation in ports around the world – major backups, sometimes up to hundreds of ships long, and the kind of general congestion that would make a person with a bad head cold seem fine in comparison. That situation might just get worse before it gets better. On the West Coast of the United States, there is a potential strike brewing which could severely damage logistics, especially for goods coming in from Asia.

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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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Podcast | No Forced Labor in Your Supply Chain? Prove It!

Supply Chain Brain

For U.S. importers, the hurdles for proving that their supply chains are free of forced labor are getting higher all the time.

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Social media ad spending: 30+ facts and figures

Spendesk

The use of social media has risen sharply over the past few years. In fact, social media engagement went up 61% during the pandemic! With more people staying home glued to their screens during lockdowns, the setting was ripe for increased digital advertising opportunities.

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[Pod] Procurement 6 – July 29th, 2022

Art of Procurement

Procurement 6 is a new short podcast from Art of Procurement that will be published in the Art of Procurement. The post [Pod] Procurement 6 – July 29th, 2022 appeared first on Art of Procurement.

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Watch: How Can We Transform Supply Chain Planning?

Supply Chain Brain

Hank Ackerman, principal at Argano, advises how to make supply chain planning transformations successful.

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Procurement Performance in 2022

CPO Rising

The previous three years have put chief procurement officers and their performance to the ultimate test. This year’s CPO Rising 2022 Report looked again at procurement performance and identified two areas critical to taking performance to the next level — as indicated by survey respondents. The Balancing Act Best-in-Class CPOs have the serenity to manage […].

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“Supply chain is the business”: From hidden hero to rockstar, supply chain takes centre stage

Spotlight on Procurement

Professor Richard Wilding OBE is recognised as one of the world’s leading experts in logistics and supply chain management, retiring this summer after a quarter of a century at Cranfield University. Richard recently created a must-see course called Building Resilient Supply Chains for Effective Risk Management for LinkedIn Learning, and he discusses why it’s vital that everyone in business have a basic understanding of supply chain’s role.

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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?