Tue.Oct 04, 2022

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Supply Chain Sourcing and Buying 101

ProcurePort

• There is a lot of work that goes into a company’s sourcing and buying activities beyond just the transaction. In many cases, the nature of the transaction and the intended frequency of purchase will dictate the sourcing process. • The fact that information is available and firms can source globally also complicates the sourcing […]. The post Supply Chain Sourcing and Buying 101 appeared first on ProcurePort Blog.

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Illegal fishing and its impact on the supply chain

All Things Supply Chain

Already today, about 60% of the world’s fish stocks are fished to their capacity limits.

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Data reveals Gen Z rely on the traditional office more than any other generation

Procurement Heads

Gen Z crave in-person socialisation The data, from global workplace creation experts, Unispace, taken from a study of 3,000 office workers, one-third of which were in the earlier stages of their career, also revealed that the majority (79%) of Gen Z respondents felt more active when working in the office, while among older workers this figure sits at 66%.

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Watch: What Are E-Commerce Customers Demanding Today?

Supply Chain Brain

It isn't all about speed, says Satish Natarajan, founder and chief executive officer of DispatchTrack. E-commerce shoppers are more concerned about communication.

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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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How Feeding America is using inventory visibility tools to improve the flow of donations

Supply Chain Dive

Smarter Sorting is working with the nonprofit to ease the product sorting process for retailers as they look to scale donations.

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How WordPress Themes Work and Make Design Easier!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 7 Factors to Avoid When Building Your eCommerce Website! You’re not alone if you ever ask yourself, “What is a WordPress theme?” The term “theme” is often used interchangeably with “template.” It’s a common question, and one with a relatively simple answer. In short, a WordPress theme is a collection of files that work together to produce the design and functionality of a WordPress website.

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7 Factors to Avoid When Building Your eCommerce Website!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. ECommerce SEO : How Online Stores Can Drive Organic Traffic! Millions of people patronize online stores when they need to purchase an item. According to Statistica, revenue from e-commerce in the United States alone is expected to reach 875 billion in 2022 and 1.3 trillion in 2025.

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Carriers work to restore service after Hurricane Ian

Supply Chain Dive

The storm ripped through Florida last week and halted delivery and transportation operations. Some areas still have service suspensions in place.

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Seasoned Leadership in Action™ – An Interview with Lorrie Watts, Director Logistics at Red Stag!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Our 2021 All Star Seasoned Leadership in Action Interviews! At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “ Seasoned Leadership in Action ” Interview series. This interview is with Lorrie Watts, Director of Logistics at Red Stag Fulfillment.

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Fresh food supply chain: Special procurement challenges require special approach

Spend Matters

Categories: Procurement Systems & Architecture , Supply Chain , Supply Chain Management , Supply Chain Visibility Tags: EU , procurement systems and planning Food is a universal commodity, and most people take the fresh food supply chain for granted. Shoppers walk into a favorite grocery store, never thinking about how that produce made the trip from field to grocery cart.

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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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A Retail ‘Delivery Persona’ That Helps Both the Environment and the Bottom Line

Supply Chain Brain

There’s good news in Descartes’ recent study of consumer sentiment of sustainable delivery practices.

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Project Management for Injection Molding Projects!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Complete Guide to Project Management Software and Productivity Tips! Project management may be a challenging assignment regardless of the business or specific undertaking. However, administrative discipline and monitoring are required more than anything else when it comes to injection molding projects.

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Small Businesses Getting Squeezed Out in Push for Warehouse Space

Supply Chain Brain

Logistics and real-estate specialists say many large retailers are demanding extra room as they cope with a glut of inventories.

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5 Everyday Internet Connection Problems and Solutions!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 6 Key Components of Business Network Security! We can all agree on how frustrating internet connection problems can be when you’re in the middle of getting your work done. And nothing exhausts you more than waiting hours for a movie to download. In simpler words, we’re too impatient when it comes to internet connections and we are aware of the damage that interrupted networks can cause to our businesses and workers.

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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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Retailers Including Target, Walmart Get Tough on Suppliers with Fines for Late Orders

Supply Chain Brain

Large retailers grappling with supply-chain snarls, inflation and increased automation are cracking down on orders from their vendors.

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Maersk Container Industry appoints new CEO

Supply Chain Dive

Søren Leth Johannsen will head the shipping line’s refrigerated container manufacturing subsidiary.

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Category management is much more than strategic sourcing

Future Purchasing

Category management is the strategic end-to-end process for managing categories of related supplier spend that aligns business goals and requirements with supply market capability. It transforms the long-term value achieved from an organisation’s total supplier spend and delivers a blend of value including improved service, reduced risk, lower cost, higher revenue and ultimately better organisational performance.

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Warehouse management software helps Alabama firm track inventory

Supply Chain Dive

Premier Service Co. said it has saved tens of thousands of dollars with tech that shows materials’ locations.

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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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How Digitalized Training Platforms Optimize the Workforce

Supply Chain Brain

Employee training has typically been handled manually, in a traditional classroom setting, but new artificial intelligence-based digitized training platforms are revolutionizing human capital management.

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Price growth for beef slows in August

Strategic Sourceror

Whether it's dining at traditional eat-in restaurants or buying groceries at the supermarket for home cooked meal preparation, food prices are taking a real bite out of Americans' wallets. In August alone, the cost of food was up 11.4% from the same period in 2021, according to the Department of Labor. And when taking into account solely the food that people purchased at grocery locations, prices were up more than 13% year over year.

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EV Makers Must Partner with Miners to Secure Key Metals

Supply Chain Brain

A key lithium producer in Australia is urging electric car manufacturers and battery makers to partner in new refinery projects, to avoid shortfalls of the material that’s crucial to the clean energy transition.

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Category management will fail if procurement and business stakeholders do not collaborate to agree a pipeline of projects

Future Purchasing

Developing a pipeline of category projects should be a collaborative and creative process. Too often Procurement works in isolation when deciding what category projects to work on. We all know that without the right level of stakeholder support many of these projects simply will not be implemented. This potential misalignment between the procurement team and its internal customers can often result in significant effort being wasted securing stakeholder support for projects, inadequate business s

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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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Airlines Face a Shortage of New Boeing, Airbus Jets

Supply Chain Brain

The shortfall is affecting planning at carriers including American Airlines and United Airlines, as persistent supply-chain problems and regulatory concerns rattle the business.

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Achieving Resilience Through Third Party Centricity

Art of Procurement

When disruptive times hit, trying to keep things as stable as possible is a natural response. And while it is. The post Achieving Resilience Through Third Party Centricity appeared first on Art of Procurement.

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Big Data Analytics: What It Is and Why It Is Important

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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Tecsys’ Healthcare Supply Chain Software Adds Hospital Receiving Functionality

Supply Chain Brain

The platform-integrated product eliminates the use of multiple tools, systems and processes and provides users with complete chain of custody tracking. .

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GEP Outlook Report 2024

Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Whether from geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.

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Buying Group vs Group Purchasing Organization

Una

Buying Group versus Group Purchasing Organization. By Mackenzie Oakley | October 4, 2022. In the procurement and sourcing world, there are several terms that seem to be used interchangeably when attempting to increase buying power and save money: buying group, group purchasing organization, purchasing cooperative, purchasing group. All of these separate entities serve a common purpose, so is there really a difference between them?

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Micron Pledges Up to $100 Billion for Semiconductor Factory in New York

Supply Chain Brain

The commitment by Micron is a sign that the federal government’s prodding and package of generous incentives is helping to steer investment decisions.

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5 Reasons You Need to Attend Optimal ’22 Las Vegas

Arkestro

Last Spring, Arkestro, the leading Predictive Procurement Orchestration platform, held Optimal: The Leadership Summit for Predictive Procurement. The conference included presentations, workshops, keynotes, demos, and networking among hundreds of thought leaders and practitioners. . If you missed the spring Optimal conference in New York or Optimal ’21 , now is your chance to attend Optimal ’22 Las Vegas , the best procurement event of the year!