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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Inventory Reconciliation — Everything You Should Know

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter Inventory Reconciliation — Everything You Should Know Inventory reconciliation allows companies to know the difference in their stocks between their records and in their warehouses. However, what is it? For this article, we will talk about what inventory reconciliation is.

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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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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 will the Geopolitical Climate affect the Microchip Supply Chain

All Things Supply Chain

The microchip industry’s value to the global economy is almost unquantifiable owing to the fact that it facilitates other key industries that our society holds in high regard.

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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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Last Mile Logistics — What You Should Know

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter Last Mile Logistics — What You Should Know Last mile logistics is often associated with e-commerce due to its rising popularity in the modern market. However, many people do not know what last mile logistics is.

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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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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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Supply Chain Weekly Wrap-Up 07/21/2023-07/27/2023

All Things Supply Chain

Ford supplier invests $790M to build new Plants Magna International, an automotive supplier, will produce key components for Ford’s second-generation electric truck as part of a $790 million investment.

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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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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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[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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Should-Cost Model – The Ultimate Guide

Procurement Tactics

 Menu Course Library 1. Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes Access To All Unlimited access to all courses & templates Platform For Teams Procurement Tactics For Teams Where procurement teams build better skills, fas

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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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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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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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Supply Chain Weekly Wrap-Up 07/14/2023-07/20/2023

All Things Supply Chain

Mercedes-Benz incorporates ChatGPT in Supply Chain Mercedes-Benz plans to integrate OpenAI’s ChatGPT technology into its manufacturing processes and vehicles.

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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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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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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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The 5S of Kaizen — The Ultimate Guide

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter The 5S of Kaizen — The Ultimate Guide The 5S of Kaizen comes under the umbrella of lean management aimed to eliminate waste within manufacturing operations. However, what is it and how can it be applied in procurement ?

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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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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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Supply Chain Weekly Wrap-Up 06/30/2023-07/06/2023

All Things Supply Chain

Taiwan Exports at a 14 Year low as Demand Woes Taiwan’s exports experienced their sharpest decline since 2009 in June, signalling concerns about the global demand slump for electronics and…

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How to Create a Blueprint for Fleet Resilience

Speaker: Jeff Dickinson - President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future. 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,

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Proactis: Vendor Analysis, 2023 Update (Part 3) — S2P solution process/module details and analyst summary

Spend Matters

Part 3 of this Spend Matters PRO Vendor Analysis 2023 update focuses on a deeper overview of each part of Proactis offering for S2P, with a detailed look at each of its modules. We also cap off the series with an analyst summary. This content is for members only. Visit the site and log in/register to read. The post Proactis: Vendor Analysis, 2023 Update (Part 3) — S2P solution process/module details and analyst summary appeared first on Spend Matters.

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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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Global Concrete Product Suppliers – Industry Outlook, Facts and Figures, Trends, Pricing, and Reviews

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter Global Concrete Product Suppliers — Industry Outlook, Facts and Figures, Trends, Pricing, and Reviews Industry Outlook The concrete product industry is a major contributor to the global economy, with a market value of over $350 billion in 2022.

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Nike and Dynasty Gold Being Investigated Over Forced Labor Allegations

Supply Chain Brain

The probes were launched after an assessment of complaints regarding the overseas operations of 13 Canadian businesses was filed by a coalition of 28 civil society organizations in 2022.

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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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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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Will the Apple Vision Pro push AR in the Supply Chain?

All Things Supply Chain

Apple’s new Vision Pro AR glasses aim to revolutionize access to technology by seamlessly blending the digital and real world.

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The Hidden Risk of Chinese Suppliers

SCMR (Supply Chain Management Review)

When a Chinese supplier goes bankrupt, they often stop production and shut down immediately, leaving companies no way to recover goods or their investments. But there are some signs to look for that may indicate a potential bankruptcy.

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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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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.