Sat.Jul 23, 2022 - Fri.Jul 29, 2022

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Supply Chain Weekly Wrap-Up 07/22/2022-07/28/2022

All Things Supply Chain

Grain exports from Ukraine may resume ‘within days’ Ukraine has announced that the first set of vessels loaded with grain could be leaving the Black Sea ports in a matter…

Export 222
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Exploring lean procurement: Meaning, process and example

RPF360

Lean procurement means exploring processes to eliminate waste, improve efficiency and accelerate results. Explore how to get started in this blog that includes key definitions, background and an example of how to put lean procurement into action with RFP automation. The post Exploring lean procurement: Meaning, process and example appeared first on RFP360.

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What is Accounts Payable? (Definition, Process & Examples)

ProcurePort

• Accounts payable reflect the amounts owed by a company to its creditors or lenders, usually suppliers or vendors of specific products or services. •Accounts payable AP refers to a company’s obligation to its suppliers – its formal documentation warranting payment from the buyer, mostly business in a contractual agreement with a supplier or vendor. […].

Buyers 130
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The Big Interview with Robert Copeland

Procurement Heads

How did you get into procurement? I have spent 23 long years in procurement. I graduated back in 1999, joined the Peugeot graduate scheme in Coventry and spent the first few months in the procurement space. I found it a fascinating function to be in and have been there ever since. . I spent several years working in France when I was at Peugeot really learning the pure basics of procurement in the automotive industry buying directs, before moving on back to the UK in FMCG, to Danone, followed by

Buyers 130
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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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Main Pros and Cons of Using the Milk Run in Logistics

All Things Supply Chain

Ever wondered how you could cut down on transportation costs and at the same time improve customer service? Milk run logistics might be your answer.

Logistics 209
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Must-Haves Of A Marketing Strategy For The Steel Industry

The Thomas Blog

Raw material availability is a cornerstone of the U.S. industrial sector, and clearly vital to its growth, and s teel continues to be a top product sourced by buyers. But even with the high demand and longevity in the industry, there are still challenges with running a business — whether it's maintaining relationships, building new ones, or generally trying to build a company that's going to last.

Strategy 128

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Ivalua’s Procurement & Supply Chain Summer Reading List

ivalua

The post Ivalua’s Procurement & Supply Chain Summer Reading List appeared first on Ivalua.

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What Are the Different Types of Careers in Warehousing?

All Things Supply Chain

Warehouses are a critical element in modern logistics and supply chain management. Without sufficient facilities across the country, it would be a significant challenge for companies to store their goods.

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The Rise of On-Demand Warehousing in a Volatile Property Market

Supply Chain Brain

The tightening of industrial real estate supply, coupled with overflowing inventory and rising rents, has made traditional warehousing an impractical solution for businesses attempting to navigate this new market. .

Demand 124
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Cybersecurity experts sound alarm on popular GPS tracker

Strategic Sourceror

With GPS now a ubiquitous part of the digital society, the act of navigation or tracking has never been easier. Location-based apps know where you are and (inevitably) what you are doing, but a widely-available vehicle tracker that retails for $20 could cause significant disruption to the supply chain. A recent report by cybersecurity firm BitSight found at least six severe vulnerabilities in the MiCODUS MV720 tracker, with the analyst identifying a number of organizations that utilize the devic

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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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Melissa Drew on Fast Talk, AI, and Closing the Gender Gap in Supply Chain

Let's Talk Supply Chain

With a decade hallmarked so far by constant disruption, consumers are more aware of supply chain and how industry shortages , the gender gap in supply chain, and climate events impact their daily lives and local communities. The headlines are keeping a steady stream of supply chain dialogues popping into Twitter and news feeds—there’s even a recent indie-rock album by Jack White named Supply Chain Issues.

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Supplier Registration – Goals, Benefits & Challenges

SCMDOJO

The purchasing department purchases different types of goods and services. However, when you buy something, you may not always know all the suppliers that offer a particular product. Then the Supplier registration form comes in handy. You probably only know a handful of providers. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices.

Suppliers 108
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Europe’s Heat Wave Threatens Key Shipping Waterway

Supply Chain Brain

The water levels in a crucial waterway in Europe’s economic heartland are running dangerously low in the region's searing heat, posing another risk to global supply chains.

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Inflation is giving retailers inventory headaches

Strategic Sourceror

Increased levels of inflation might be a global concern, but a slowdown in consumer spending is forcing retailers to make significant price reductions on existing inventory. And while this is good news for the average consumer, there is little doubt that unplanned price reductions will adversely impact the bottom line. CNN reported that Walmart told investors in its latest earnings call that there was a need to apply significant cost reductions to general merchandise such as clothing and big-tic

Inventory 100
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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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2022 Summer of Supply Chain Legislation

Skill Dynamics

The summer of 2022 will be remembered for many things, from soaring temperatures to an unforgettable Women’s Euro championship. However, for supply chain professionals, it will also be remembered as a summer of environmental, social and governance (ESG) legislation. Legislation coming into play. Last year, Germany passed its Act on Corporate Due Diligence Obligations in Supply Chains.

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What is Economic Order Quantity & its Advantages

SCMDOJO

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. Like safety stock calculations , EOQ is one of the most important equations in supply chain planning.

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Is Slow Digitalization Deterring Logistics Job Seekers?

Supply Chain Brain

Although momentum is building to automate and digitize freight processes, the logistics industry’s transition to digital tools and automation has lagged behind other sectors.

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Is your organization ready for another potential supply chain blow?

Strategic Sourceror

We're all aware of the situation in ports around the world – major backups, sometimes up to hundreds of ships long, and the kind of general congestion that would make a person with a bad head cold seem fine in comparison. That situation might just get worse before it gets better. On the West Coast of the United States, there is a potential strike brewing which could severely damage logistics, especially for goods coming in from Asia.

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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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Creating Value From IT Spend

Una

Creating Value from IT Spend - and Protecting Its Worth. By Hugo Britt | July 26, 2022. As a rule, the business case for investing in IT is well-understood. Technology is essential for spurring growth, creating efficiencies, harnessing innovation, and staying competitive in the digital era. But without a watchful eye on IT spend, ROI can be rapidly eroded by avoidable costs caused by issues such as shadow IT or auto-renewing contracts.

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279: Design and Manage Global Supply Chains, with Unilog

Let's Talk Supply Chain

Today I’m joined by Unilog, the customer-focused experts in the design and management of global supply chains. Unilog specializes in global fulfilment and mission-critical logistics services. Their flexible, customized supply chain solutions, based on best practices and expertise, work seamlessly with internal client operations to ensure time-definite delivery wherever and whenever necessary.

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U.S. Sees Union Boom Despite Employer Opposition

Supply Chain Brain

After years of decline, the American labor movement is experiencing a resurgence — with an increase in popularity of unions and of workers organizing.

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Commercial EVs are a game-changer for the supply chain

Strategic Sourceror

The current high cost of filling a car with fuel has generated headlines all over the world, and the knock-on effect to the commercial shipping and logistics industry has arguably highlighted the need for cheaper and more environmentally friendly vehicles. As more people shop digitally as opposed to at a brick-and-mortar location, last-mile delivery providers are increasing investment in electric alternatives across the supply chain.

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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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Episode 75: Turmoil Around the Globe – Sri Lanka and the Netherlands with Kris Lance

Una

Episode 75: Turmoil Around the Globe - Sri Lanka and the Netherlands with Kris Lance. By Kelly Barner | July 27, 2022. A picture is worth a thousand words, as the saying goes, and the images coming out of Sri Lanka and the Netherlands may be worth more than that. From economic instability leading to the overturn of a government, to individual families and farm operations fighting to preserve their livelihood, these two stories offer all of us lessons about human motivation and the challenges pre

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Sustainability can never be achieved without our suppliers

Spend Matters

Categories: Sponsored Article , Supplier Collaboration , Supplier Management , supplier networks Tags: Sponsored Article Whether from customers, investors, governments or regulatory bodies, enterprise organizations are facing pressure from all angles to meet ambitious sustainability pledges. With looming deadlines, no clear path to improvement and the need to balance sustainability against other key business goals, the race is on to satisfy these stakeholders and make concrete progress.

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Why Suppliers Must Be Part of Cyber-Risk Strategy

Supply Chain Brain

Cybersecurity risks are rising fast, and it’s not enough for you to secure your data and IT systems within the four walls of your enterprise; you need to make sure your suppliers are not exposing you to attacks as well.

Risk 119
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Procurement in 5-Minutes: Why is it important for procurement professionals to have an Entrepreneurial mindset?

Sourcing Solved

Procurement in 5-Minutes. We live and work in a busy world in which there is little time to read, watch or listen beyond the headlines. Hello, my name is Iain Campbell-McKenna, and this is “Procurement in 5-minutes.” That’s right, in 5-minutes I promise to tackle some of the biggest challenges and deepest questions our profession and industry face on a day-to-day basis.

Import 83
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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 to Teach Someone—Without Offending Them

Negotiations Ninja

What is the relationship between a person needing help and the person delivering it (i.e., a psychoanalyst)? The person who needs psychoanalysis wants their doctor to know what they need to know so they can get better. But in many doctor/patient relationship, at some point, the patient decides they don’t like the expert having that ability. They’ll spout things like “I don’t know why I come here” and “All you do is take my money.

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QAD Allocation: Vendor Analysis, 2022 Update (Part 1) — SxM and sourcing solution overview, market analysis and tech selection tips

Spend Matters

Categories: Sourcing , Supplier Information Management , supplier networks , Supplier Performance , Supplier Risk and Compliance Management , Suppliers Tags: PRO Direct materials management is a hot market for procurement solutions with few specialists on the market. QAD Allocation is one of them and it offers specific capabilities for manufacturers to manage their suppliers and to source from them.

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Are Your Exports Affected by Sanctions on Russia? It’s Not Always Easy to Tell

Supply Chain Brain

Sanctions imposed on Russia for its invasion of Ukraine are having an undeniable impact on global supply chains, but individual companies might have a hard time determining precisely how they’re affected.

Export 116
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[Pod] The Battle for Supply Chain Data Supremacy w/ Joe Yacura and Vishal Patel

Art of Procurement

“One of the big challenges I think we’re facing as a supply chain is – and I don’t say this. The post [Pod] The Battle for Supply Chain Data Supremacy w/ Joe Yacura and Vishal Patel appeared first on Art of Procurement.

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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