Sat.Aug 17, 2024 - Fri.Aug 23, 2024

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CPO Crunch: Data-sharing is caring

Procurement Leaders

Data has become the lifeblood of business. Much like ice-cold gelato on a summer’s day, leaders just can’t get enough of it. The challenge, as we all well know, is finding the right data, at the right time, and applying it to the right situations to elevate both the quality and impact of decision-making. But as a senior procurement performance manager at one FMCG company shared during a recent Data and Digital Strategy Cohort call, procurement could overcome this challenge by looking to both ext

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Nature’s Network: What Supply Chains Can Learn from Mushroom Mycelium

Supply Chain Queen

Beneath the surface of the forest floor lies a hidden marvel of nature—the mycelium network of mushrooms. This intricate web connects trees, plants, and other organisms, enabling them to exchange nutrients, information, and resources. Remarkably, this natural system operates with principles that can profoundly inform and improve human-engineered supply chains, particularly as we strive for.

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Twin Strikes at U.S. Ports, Canada Railways Would 'Create Chaos in North America'

Supply Chain Brain

Ahead of looming deadlines, it's unclear whether either situation will resolve in time to avert these twin crises, or how long any potential work stoppages might last.

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Freight Electrification as a Service

Art of Procurement

The need for freight, and its impact on humanity, can be traced back as far as the Silk Road across. The post Freight Electrification as a Service appeared first on Art of Procurement.

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How To Align Product Management And Supply Chain Operations For Successful Product Launches

Speaker: Shalini Dinesh

Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022). The 2023 Supply Chain Insights Report highlights that 60% of supply chain disruptions are caused by poor communication and misalignment among cross-functional teams.

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The Importance Of High-Quality Metal Components In Supply Chain Reliability

All Things Supply Chain

Picture a grand orchestra where each instrument must perform flawlessly to create a harmonious symphony.

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Procurement Pipeline Notice

Procurement Templates

A pipeline notice is intended to give the market place and indication or heads up of upcoming procurement opportunities for the following 18 months. Contracting Authorities are not bound by the information in the notice as this can change over time when requirements become clearer. Actual requirements are in the tender notice 93 Pipeline notices (1) This section applies in relation to any contracting authority that considers that, in the coming financial year, it will pay more than £100 million

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The ‘Decision Washing’ of Supply Chain Planning

Supply Chain Trend

Planners make plans… With their plans they facilitate decision making in the S&OP process, rather than making decisions with a direct business impact themselves. Planning systems create plans…or schedules… The outcomes of advanced planning systems (APS), as advanced as they may be, are plans, schedules, analytics, insights, alerts, scenario’s, at best recommendations…not S&OP decisions!

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Watch: Are Americans Ready for Autonomous Grocery Delivery?

Supply Chain Brain

Jeremy Michalek, professor of engineering and public policy at Carnegie Mellon University, reveals the results of a survey that tracked consumer sentiment toward various grocery delivery methods, including the use of autonomous vehicles and equipment.

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True ValueHub: Vendor Analysis — Cost analytics solution overview, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis gives an overview of True ValueHub, a costing solution built to enable companies to unlock incremental savings beyond what traditional methods and levers like e-sourcing, aggregation and low-cost country sourcing deliver. True ValueHub is a costing solution for direct materials that takes a very analytical approach to the process of identifying opportunities based on a material’s characteristics and suppliers’ capabilities.

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Canadian National, CPKC to resume operations, end lockout

Supply Chain Dive

The railroads will now work toward deals with the Teamsters Canada Rail Conference under a government-imposed binding arbitration process.

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.

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Master Procurement Contracts: Your Essential Small Business Playbook

Procurement Freelancers

For small businesses, managing procurement contracts can be a difficult task. Effective contract management for… The post Master Procurement Contracts: Your Essential Small Business Playbook first appeared on Procurement Blog | Procurement & Supply Chain News.

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Busiest U.S. Ports Absorb Import Surge Nearing Pandemic-Era Frenzy

Supply Chain Brain

It's hard to know whether peak shipping season started early, and trade volumes will level off soon, or if importers will continue bringing in more than usual.

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Procurement 6 – August 23rd, 2024

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 Procurement 6 – August 23rd, 2024 appeared first on Art of Procurement.

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‘No possibility’ trucking can fill gap of Canada rail disruption

Supply Chain Dive

The British Columbia Trucking Association’s CEO says a shutdown of Canadian railroad networks will lead to a dearth in trucking activity.

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The Evolution of Control Towers to Command Centers

Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Today’s volatile landscape requires inherent visibility across your entire value chain and the ability to orchestrate course corrections within a unified platform.

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GenAI for Procurement – Would you drive a Formula One car on a residential street?

Procurement Insights

EDITOR’S NOTE: Here are the links to the insightful responses from Dr. Tony Bridger and Claud Egli to yesterday’s post. My reply is below. Claude Egli , Dr Tony Bridger , excellent points. When it comes to procurement, why do we need GenAI? How would it improve on the results of Traditional AI, such as the case example I provided? Remember the comments from a recent post – this one in particular – [link] “Procurement Practitioner – Senior Executive On the AI topic,

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Border Agents at Heathrow Airport to Strike for Four Days

Supply Chain Brain

According to a release from the union, the dispute is over forced changes to terms and conditions for workers, including "inflexible" work schedules.

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Using QR Codes in Construction: A Comprehensive Guide to Enhancing Efficiency with Finale Inventory | Ecommerce

Finale Inventory

Technology continues to transform industries across the board. In the construction industry, QR (Quick Response) codes are gaining momentum as a valuable tool. These codes, which can be scanned using a smartphone or QR code reader, offer a variety of applications that can significantly improve efficiency and streamline processes in construction projects.

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Port of Oakland awarded $3M to enhance data collection

Supply Chain Dive

The funds will support two separate projects meant to improve the port’s ability to distribute information to carriers, shippers and trucking companies.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

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. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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The Sustainability Seatbelt: How Businesses Can Drive Towards a Greener Future

Procurement Express

Embracing Sustainability: A Business Imperative In the ever-evolving business landscape, sustainability has emerged as a critical factor that can no longer be ignored. As companies strive to balance profitability with environmental and social responsibility, the concept of ESG (Environmental, Social, and Governance) has become a guiding framework for organizations seeking to future-proof their operations.

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Using AI to Close the Manufacturing Skills Gap: A Reality Check

Supply Chain Brain

Many manufacturers are actively increasing investments in software designed theoretically to enhance productivity, work management and collaboration. Yet manual work is on the rise.

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Cut Expenses with an Auto Parts Inventory Management System

Finale Inventory

Effective inventory management is crucial for businesses in the auto parts industry. As supply chains grow more complex and order fulfillment becomes more critical, a reliable inventory management system is essential. This article discusses the advantages of using an auto parts inventory management system, with a focus on the innovative solution offered by Finale Inventory.

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Amazon allowing sellers to ditch physical returns

Supply Chain Dive

The offering for Fulfillment by Amazon users helps them avoid fees by simply having customers keep items, the company said.

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro

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The Looming Email Doomsday: What Businesses Need to Know

Procurement Express

The Changing Email Landscape In the ever-evolving digital landscape, the way we communicate through email is undergoing a significant transformation. For years, businesses have relied on email as a primary means of communication, from sending invoices and order confirmations to resolving payment disputes. However, a new set of regulations is about to shake up the email ecosystem, and it’s crucial for businesses to understand the implications.

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Canada Rail Strike Begins

Supply Chain Brain

After months of talks, the increasingly bitter negotiations, regarding working conditions such as shift scheduling and fatigue provisions, ended on the evening of August 21.

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Effective Inventory Management: Training Your Employees for Success with Finale Inventory | Ecommerce

Finale Inventory

Inventory management is key to the success of any ecommerce business. It involves tracking and controlling inventory levels to ensure optimal stock availability and minimize costs. By adopting effective inventory management practices, businesses can streamline their operations, reduce stockouts , and improve customer satisfaction. This article highlights the significance of inventory management in ecommerce and how training your employees using Finale Inventory can lead to success.

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UPS plans surge fee for all China-to-US imports

Supply Chain Dive

The charge is based on billable weight and will impact 12 other countries and territories, starting Sept. 15.

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The Current and Future Use of Gen-AI in Supply Chains

AI isn’t the future. It’s here, now. 30% of businesses have invested in AI. Another 57% will do it in the next 12 months*. From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. But here’s the secret: success will only come from strong human-AI collaboration, reveals this new new Economist Impact report.

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DPW 2024 – Come And Meet Positive Purchasing!

Positive Purchasing

10X your thinking at DPW Amsterdam 2024! Are you ready to think and act 10 X bigger than what you do now? Join us at DPW Amsterdam 2024 on 8-10 October where the concept of ’10X’ thinking takes centre stage. Taking place at the Beurs van Berlagein, DPW is the most influential tech event in procurement and supply chain. ’10X’ emphasizes the need for organizations to think and act ten times bigger than their current capacity.

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Supply Chains in a World of Disruption

Supply Chain Brain

There have been and will always be threats to the supply chain, and companies will always be managing moment-to-moment changes in the economic environment.

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Guide to Selecting Asset Tracking Software for Your Business | Ecommerce

Finale Inventory

In the competitive business environment, asset tracking is key to maintaining efficiency and profitability in ecommerce businesses. As an ecommerce business owner, you know the importance of having precise and updated information about your assets. Asset tracking software is essential for achieving this. This guide will outline the significance of asset tracking in ecommerce and provide insights to help you choose the right software for your business.

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What to know about supply chain resiliency and uncertainty in 2024

Supply Chain Dive

Industry experts weigh in on AI, the election and other topics impacting shippers at Industry Dive’s virtual Supply Chain Outlook event.

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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