Wed.Jul 05, 2023

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The Amazing Supply Chain of Fireworks

All Things Supply Chain

Throughout history, fireworks have been an integral part of cultural and religious celebrations worldwide.

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CPO SPOTLIGHT: MARTIN LEE

Procurement Heads

Martin Lee is Chief Procurement Officer at KPMG, and fellow member of the Sustainable Procurement Pledge. He caught up with James about his career and thoughts within the CPO role. You joined Ford Motor Company back in 1995, straight from A Levels, what made you choose a career in procurement, and could you tell us about your career journey so far? Back in 1995, I was just considering what I should do at university, with the thought of going to uni not really clear in my head.

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What smart inventory management means in 2023 — so far

Supply Chain Dive

After working to shed overstocks last year, retailers are trying to keep their inventories lean and relying on the chase to meet demand as it comes.

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R.I.P. Great Resignation (2020-2023)

Art of Procurement

We have seen many trends come and go over the last few years, and most of them stemmed from the. The post R.I.P. Great Resignation (2020-2023) appeared first on Art of Procurement.

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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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The high-tech industry has a long way to go when it comes to Scope 3 emissions: report

Supply Chain Dive

Fewer than a third of companies in the industry have set reduction targets, while taking action is complicated by diffuse, intricate supply chains, according to Accenture.

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Panasonic Executive Says the Company Needs More Battery Plants

Supply Chain Brain

Panasonic “will need to build" about four more factories to achieve a sharp boost in its battery capacity, according to CTO Shoichiro Watanabe.

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More Trending

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Ekart Launching B2B Transportation Services Across India

Supply Chain Brain

Ekart launched its air and surface B2B transportation services in India to provide domestic businesses with improved transportation speeds and greater reliability.

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Intake management market overview (Part 2): Market landscape

Spend Matters

As established in part one of our intake management market series, the segment involves a high degree of cross-functional complexity. As a result, the overall market includes a mix of vendors that market as intake, orchestration, category-specific, process-specific, etc. As long as a solution covers the step of capturing a request into the functional processes (e.g., the S2P process for stakeholder requests involving supplier fulfillment), it at least tangentially covers intake management.

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Foxconn Investing $250M to Build Two Factories in Vietnam

Supply Chain Brain

A planned $200 million factory will reportedly be finished by January 2025 while construction on a different $46 million plant will be completed by October 2024.

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Another month, another decline for manufacturing output

SCMR (Supply Chain Management Review)

After a run of positive growth extending more than two years, the manufacturing sector is on an extended downturn, with output falling for the 8th consecutive month in May.

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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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UPS Drivers Head Toward Possible Strike as Labor Talks Stall

Supply Chain Brain

Weeks of talks between UPS and Teamsters fell apart early on the morning of July 5 after stretching through the July 4 holiday.

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UPS’ chances of averting a strike are shrinking. How should shippers prepare for the worst?

Supply Chain Dive

Experts say an Aug. 1 strike isn't a certainty, but customers should still solidify alternative carrier options.

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Three Ways to Tackle Inflation at Your Distribution Facility

Supply Chain Brain

Thanks to inflation, distribution facilities are faced with a 30% increase in spend categories — and material-handling equipment is no exception.

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Intake management market overview (Part 1): What is intake?

Spend Matters

As procurement and other functions have sought to create more value by aligning better with internal stakeholders and users, the role of ‘intake’ has become increasingly popular. The overall concept has existed for years within procurement, but it has been aspirational only and weakly implemented within the source-to-pay (S2P) software market. This has led to a clutter of functionalities for requisition management, stakeholder/demand management, procurement service/‘help desk’ requests and more

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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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Using Decision Intelligence to Turbo-Charge Your Sales and Operations Planning

Supply Chain Brain

This webinar gives you the "nuts and bolts" of how decision intelligence can be used to formulate and solve your S&OP problem as an enterprise optimization problem that honors all hard constraints, strives to meet soft constraints, and optimizes comprehensive business metrics.

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Entegris breaks ground on $600M Colorado facility

Supply Chain Dive

The semiconductor materials supplier’s campus will accommodate the increased chip demand following the passage of the CHIPS and Science Act.

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Intake management market overview (Part 1): What is intake?

Spend Matters

As procurement and other functions have sought to create more value by aligning better with internal stakeholders and users, the role of ‘intake’ has become increasingly popular. The overall concept has existed for years within procurement, but it has been aspirational only and weakly implemented within the source-to-pay (S2P) software market. This has led to a clutter of functionalities for requisition management, stakeholder/demand management, procurement service/‘help desk’ requests and more

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What is cloud cost optimization?

IBM Supply Chain Blog

Moving data and applications from traditional on-premises data centers to cloud infrastructure offers companies the potential for significant cost savings through accelerating innovation, keeping a competitive edge and better interacting with customers and employees. What’s more, IT infrastructure becomes a pay-as-you-go operational expense with most public cloud providers.

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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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GXO’s Mark Manduca talks automation and why a data academy could drive further innovation

SCMR (Supply Chain Management Review)

GXO chief investment officer Mark Manduca joins Talking Supply Chain host Brian Straight to discuss how GXO has been able to retain customers, why more customers are looking for contract logistics providers, and how technology continues to change the game for the supply chain.

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The Role Of A Sourcing And Procurement Consultant In Driving Cost Savings

Procurement Freelancers

Amidst the cutthroat business environment, organizations are continuously exploring strategies to boost efficiency while reducing… The post The Role Of A Sourcing And Procurement Consultant In Driving Cost Savings first appeared on Procurement Blog | Procurement & Supply Chain News.

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Episode 122: Helping Women in Supply Chain Set Audacious Goals with Nicole Glenn

Una

EPISODE 122 Helping Women in Supply Chain Set Audacious Goals with Nicole Glenn By Kelly Barner | July 5, 2023 Despite the broad, supportive corporate messaging around diversity and inclusion, the real work takes place on an individual level – one person at a time. As every person becomes comfortable enough to find their voice and use it, our workplaces and professional communities will continue to grow in diversity, with representation among people from every walk of life.

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The Intersection of Technology and Managed Procurement Services

Empowering CPO

Introduction Welcome to our exploration of a fascinating convergence shaping the future of business operations: the intersection of technology and managed procurement services. As we delve into this cutting-edge topic, we’ll uncover how technological innovation is not just revolutionizing procurement processes, but also redefining what managed procurement services can offer businesses in a highly digital era.

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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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Expense Reimbursement: What Is It, How To Manage, and What Should You Cover

Planergy

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend.

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What to Look for in a Managed Procurement Services Provider

Empowering CPO

Introduction In the globalized and rapidly evolving business landscape of the 21st century, the strategic importance of procurement cannot be overstated. Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability.

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Watch: AI, Machine Learning and the Right Data

Supply Chain Brain

The "final mile" benefits from the collaboration of artificial intelligence and machine learning and optimized data, says Mathew Witte, senior vice president at Ortec.

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The Hybrid Cloud Forecast: Part 3

IBM Supply Chain Blog

In the previous posts in this three-part series (see Part 1 and Part 2 ), I wrote about how I discovered a set of common themes that span across all my podcast episodes, even though the IBM Fellows cover a broad range of technical areas at IBM. In this final blog post, I want to talk about the theme of “Life Stories.” While less technical, it is the aspect of the podcast that I enjoy the most.

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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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Dr Schär Selects JAGGAER as Technology Partner for Digital Procurement Innovation

Jaggaer

JAGGAER is awarded by ADACI, the Italian Association of Purchasing and Supply Management for our efforts with advancing Marelli's digitization project.

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Aligning Procedures Across the Supply Chain Is Critical to Cybersecurity

Supply Chain Brain

Most cyber risk comes from third-party relationships.

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Procurement News — July 5, 2023

CPO Rising

Welcome to Procurement News, part of our ongoing aggregate news series covering recent supply management headlines and trends pertinent to Chief Procurement Officers and other procurement leaders. Contact us with your news story here. CPO News Kelly Bysouth Joins 3M as CPO SAINT PAUL, Minn.

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GM, Toyota U.S. Sales Jump in Sign of Auto Industry Strength

Supply Chain Brain

GM sales rose almost 19% during the second quarter of 2023 while Toyota claimed its sales grew by 7.1% during the quarter.

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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.