July, 2023

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How to Develop an Effective Procurement Strategy

Procurement Freelancers

Are you prepared to enhance your game and master your procurement process? This article explains… The post How to Develop an Effective Procurement Strategy first appeared on Procurement Blog | Procurement & Supply Chain News.

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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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Importance of Contract Management in Achieving Value for Money in the Procurement System

SCMDOJO

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues. In this guide, we will explore the key benefits and importance of contract management in procurement and provide insights on how to implement effective practices.

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Uncertainty at Yellow sparks freight shift to other carriers

Supply Chain Dive

Some shippers are sending their loads to other LTL carriers over concerns about the company's future, TD Cowen analysts say.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Many Human Rights Violations Reportedly Found in Critical Mineral Supply Chains

Supply Chain Brain

Between January 2021 and December 2022, 102 allegations of abuse were linked to Chinese companies’ overseas investments in the transition minerals sector

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352: Simplify Freight By Rail, With Commtrex

Let's Talk Supply Chain

Today I’m joined by Commtrex, an award-winning brand that is on a mission to simplify freight by rail. Commtrex is a tech-enabled rail logistics provider with a team of experienced rail professionals, an extensive network of partners, and a best-in-class technology platform that simplifies the movement of freight and creates a competitive advantage.

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[Pod] Procurement 6 – July 28th, 2023

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post [Pod] Procurement 6 – July 28th, 2023 appeared first on Art of Procurement.

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Rivian: Navigating Supply Chain and Operational Challenges and Embracing Growth

SCMDOJO

Introduction Founded in 2009, Rivian Automotive, Inc. is an American electric vehicle manufacturer and automotive technology company which has emerged as a prominent player in the highly competitive automotive industry. It specializes in producing electric SUVs and pickup trucks using a versatile “skateboard” platform that other companies can utilize or accommodate future vehicle models.

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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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Cutting Out the Middle Mile: Using the Warehouse to Meet the Need for Speed in the Last Mile

Supply Chain Brain

In this environment, for retailers to compete, they need to give customers a full menu of delivery options to fit their preferences at the point of purchase, each and every time.

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Exploring the Advantages and Hurdles of Direct Store Deliveries

Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027. Download this eBook for exclusive insights into direct store deliveries, challenges, benefits, and future trends.

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SupplyChainBrain: Will AI Drive the Next Wave of Supply Disruptions?

Arkestro

All Case Studies Whitepapers Webinars Videos Press Blog Featured News Dover Chemical Corporation Leverages Arkestro to Streamline Procurement, Increase Cost Efficiency read more Koch Engineered Solutions Achieves Procurement and Supply Chain Success with Arkestro read more In The News SupplyChainBrain: Will AI Drive the Next Wave of Supply Disruptions?

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Zarrin Lilani on How Women Lead in Supply Chain

Let's Talk Supply Chain

Zarrin Lilani on How Women Lead in Supply Chain At Let’s Talk Supply Chain, we’re passionate about closing the gender gap to expand innovation through diversity. Making this hard dichotomy shift isn’t just about good business ethics either. It’s a business investment in an industry that’s anything but predictable. Research shows that women in supply chain empower more curiosity and agility—empowering breakthrough business outcomes at organizations across the globe—these are the women whose stori

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Every Body’s Talking: Learning to Interpret Body Language

Positive Purchasing

The Fact Is We All Negotiate Whether it’s with our partner, our parents, children, friends, suppliers, customers or even our colleagues, when we want somebody to do something, we may well need to persuade them. And this is very much what negotiation is – persuading somebody else to either see something our way, or to do something that we want.

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As EV production ramps up, semiconductor supply chain concerns grow

SCMR (Supply Chain Management Review)

As more automakers ramp up electric vehicle production, the chips needed to operate them are growing in demand. But that is putting new pressures on the supply chains needed to produce these specialized chips.

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How One Manufacturer Used GEP SOFTWARE To Save $45M in Direct Material Sourcing

For global manufacturers, managing direct and indirect material spend can get very complicated very quickly. Multiple legacy systems prevent procurement from standardizing processes and tracking what they’re spending with each supplier. In response to these challenges, a leading heavy equipment manufacturer selected GEP to redesign its source-to-contract processes and implement a convergent data model to help manage procurement data across its multiple locations.

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FedEx details capacity plan as UPS strike fears intensify

Supply Chain Dive

The carrier will use volume from July 17 to July 21 as a baseline capacity measurement. Shipments exceeding that amount aren't guaranteed to be accepted.

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Ocean Shipping Taking a Slow Approach to Reducing Emissions

Supply Chain Brain

The International Maritime Organization's initially unclear target date implies a divide within the ocean shipping sector on net-zero emission goals, according to The Wall Street Journal.

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CFO Dive: How predictive analytics can curb just-in-time inventory pitfalls

Arkestro

All Case Studies Whitepapers Webinars Videos Press Blog Featured News Dover Chemical Corporation Leverages Arkestro to Streamline Procurement, Increase Cost Efficiency read more Koch Engineered Solutions Achieves Procurement and Supply Chain Success with Arkestro read more In The News Grow CFO: How can CFOs Help Their Procurement Teams Avoid “Anchor Bias”?

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347: Women in supply chain™, Seretha Willingham

Let's Talk Supply Chain

In today’s episode of Women in supply chain , I’m joined by Seretha Willingham – founder, CEO, project management professional and Certified Scrum Master! Seretha’s impressive corporate career spans from financial data analysis and IT project management to strategic planning and execution. And, utilizing all of that knowledge and experience, Seretha went on to found SJW Logistics – a 3PL providing freight transportation, warehousing and e-commerce fulfilment services.

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CEVA Logistics Drives Agile, Multi-Leg Inbound Flows for Tech Company

CEVA Logistics, a global leader in third-party logistics, was contracted to help a technology company manage its complex supply chain, supporting B2B, B2C, and reverse flows across multi-leg transport. CEVA leveraged Kinaxis to eliminate blind spots across supply chain activities, centralize order and logistics management, and drive cost-effective plans for order execution.

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10 Must-Watch Negotiation Movies: Master the Art of Persuasion with These Gripping Films

SCMDOJO

Negotiation, a crucial skill in the realms of business and procurement, demands the ability to remain calm, collected, and confident even in the most challenging situations. However, mastering this art can be tough and perplexing. Thankfully, in our digital age, we have access to an array of mediums for training and communication that can aid us on this journey of honing our negotiation prowess.

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Supply Chain Planners Must Link Short- and Long-Term Processes

SCMR (Supply Chain Management Review)

Like any part of an organization, supply chain planning has its obstacles and rewards. When approaching planning, organizations often mix short-term and mid-term planning in one process, or treat them separately. Neither approach provides optimal outcomes.

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Fed raises interest rates following June pause

Supply Chain Dive

The Federal Open Market Committee raised the main interest rate by a quarter percentage point. The move comes as the Fed faces increasing difficulties in their bid to fully quell inflation.

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Eurocontrol Warns of Air-Traffic Control Strike Over Summer

Supply Chain Brain

Eurocontrol described recent protests as a “pre-warning” in a statement and said it was engaging in dialogue with the Union Syndicale Bruxelles to end the possible industrial action.

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Your Triple-Threat Solution for Resilient Planning and Execution

Speaker: Len Pannett - Supply Chain and Operations Transformation Expert | Board Advisor - UK Ministry of Defence | Mentor | Author | Keynote Speaker

With the dark clouds of inflation and uncertainty looming overhead while the pressures of ESG and geopolitical tensions increase, today’s supply chain professionals are facing challenges we have never seen before. What were once traditional supply chains have now transformed to multidimensional networks met with new extremes in customer demands. Supply chain professionals often face the dilemma of balancing cost, resilience, and sustainability.

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The Pros And Cons Of Outsourcing vs. In-House Sourcing

Procurement Freelancers

Outsourcing and in-house sourcing are two popular strategies businesses employ in their operations. While outsourcing… The post The Pros And Cons Of Outsourcing vs. In-House Sourcing first appeared on Procurement Blog | Procurement & Supply Chain News.

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350: Blended – Climbing the Career Ladder: The Truth About Workplace Seniority

Let's Talk Supply Chain

Welcome back to Blended! It’s episode 34, I’m joined by a brand new panel of inspirational professionals, and, today, we’re talking about seniority in the workplace. Now, seniority is often the goal for many of us on our career journeys, but not everyone makes it – for a variety of different reasons. And when they do make it to the top, there can often be a negative impact on those below and, in turn, on workplace cultures and overall business success.

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The Ultimate Guide to Contract Logistics: What You Need to Know

SCMDOJO

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. In this blog, we will answer the question: what is Contract Logistics, and explore its definition, solutions, challenges, and opportunities, understanding why Contract Logistics is considered as the hub of logistics today and how it can help businesses thrive in an ever-evolving market.

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Is vertical integration the new monopoly?

SCMR (Supply Chain Management Review)

There will always be some constricting of the market in which the number of suppliers for a specific product are reduced. The rule of supply and demand drives companies to sustain or die. The difference this time is that these companies are now vertically integrated to the point that allows them to control the market.

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2023 Voice of Talent: State of the Workforce Report

New data is raising the bar on how to attract and retain talent in the New World of Work. Procom surveyed over 1,740 contingent and permanent workers across the United States and Canada to uncover what’s most important to them amidst heightened expectations, competition and uncertainty. We have distilled the data into actionable insights you can leverage to strengthen your position as an employer of choice and access the skills you need.

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Warehouse automation expected to pick up after hitting ‘rock bottom’

Supply Chain Dive

E-commerce and warehouse construction activity are showing signs of recovery, which could lead to increased demand for automation tools, according to Interact Analysis.

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Watch: AI-Powered Data Collection Drives Discrete Manufacturing

Supply Chain Brain

Original equipment manufacturers need real-time information on molds that are used to make product parts but often don't have it, says Gabriel Tejada, senior project manager at eMoldino.

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Eradicating Slave Labor Starts with a More Transparent Supply Chain

Supply Chain Brain

Until recently, most companies simply haven’t been interested in offering deep supply chain transparency. Now, they are beginning to realize the urgent need to do so.

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The Supply Chain Industry: A Rewarding Path for GenZ Young Professionals

Supply Chain Brain

These young professionals are looking for the opportunity to tackle big challenges and make a big difference right away, which is something that a supply chain career can offer.

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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.