Sat.Nov 16, 2024 - Fri.Nov 22, 2024

article thumbnail

The Changing Role of the CTO at the Executive Table

Supply Chain Brain

The role of chief technology officer has evolved significantly over the years, as businesses have come to rely more heavily on technological innovation for their very survival.

article thumbnail

Remote work in Procurement

ABC of Procurement

We live in an era of Remote work. However, I rarely find remote procurement teams. Is there a real reason for it? The post Remote work in Procurement first appeared on ABC of Procurement.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

From Harvest to Table: How Cranberry Supply Chains Thanksgiving

All Things Supply Chain

Imagine it’s Thanksgiving night. The turkey is roasted to perfection, the mashed potatoes are steaming on the table, and the sweet potatoes are ready to serve.

article thumbnail

Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Core Procurement Skil ls Strategic sourcing Supplier relationship management Contract negotiation Vendor evaluation and selection Cost analysis and reduction Procurement planning Inventory management Spend analysis Risk management in procurement Market research Financial Acumen Budget management Total cost of ownership analysis Financial forecasting Return on investment (ROI) analysis Payment terms optimization Financial risk assessment Cost-benefit analysis Lifecycle costing Procurement financi

article thumbnail

Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.

article thumbnail

Avoiding the AInxiety trap

Procurement Leaders

It’s amazing how revitalising a few days in the company of a group of procurement leaders can be. Guaranteed to recharge the inspiration batteries, face-to-face time with members is what’s best about being in this role. And being in Singapore for the Asia Pacific Procurement Congress last week left me in no doubt that the region continues to be a powerhouse of energy, innovation, creativity and growth.

article thumbnail

Liverwurst, Listeria, and Liability: Food Safety at Boar’s Head

Art of Procurement

In July of 2024, the USDA suspended production at a Boar’s Head meat processing plant in Jarratt, Virginia and the. The post Liverwurst, Listeria, and Liability: Food Safety at Boar’s Head appeared first on Art of Procurement.

More Trending

article thumbnail

Software Company Tracks the Journey of Your Thanksgiving Turkey

Supply Chain Brain

The average Thanksgiving turkey passes through three separate facilities and rides on four different trucks on its typical 760-mile journey from the farm to the supermarket.

116
116
article thumbnail

Ralph Lauren sources ‘single digit percentage’ of its products from China

Supply Chain Dive

The fashion brand's globally-diversified production footprint makes it well-positioned to mitigate potential tariff hikes, CEO Patrice Louvet said.

Sourcing 121
article thumbnail

Resilience in times of uncertainty and ‘permacrisis’: making the case for SCRM

Spend Matters

In today’s interconnected global business environment, supply chain risk management (SCRM) has emerged as a critical discipline for organizations striving to maintain operational continuity and a competitive advantage. At its core, SCRM involves identifying, assessing and mitigating risks that can disrupt the flow of goods, services and information across a company’s supply chain.

article thumbnail

The Procurement Professional in 2025: Emerging Trends to Watch

Procurement Freelancers

The world of procurement is evolving rapidly, and 2025 is set to bring significant shifts.… The post The Procurement Professional in 2025: Emerging Trends to Watch first appeared on Procurement Blog | Procurement & Supply Chain News.

article thumbnail

Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.

article thumbnail

U.S. to Announce New Restrictions on Exports to China

Supply Chain Brain

The new regulations could add as many as 200 Chinese chip companies to a trade restriction list that prohibits most U.S. suppliers from shipping goods to the targeted firms.

Export 111
article thumbnail

Walmart slashes US delivery costs by 40% per order

Supply Chain Dive

Increased automation and more efficient driver routes helped the retail giant accomplish the feat for the third consecutive quarter.

125
125
article thumbnail

Reducing Obsolete Inventory: A Practical Guide

SCMDOJO

Excessive and obsolete inventory can cause a business to fail. This is a significant and vital issue. One needs to mitigate these challenges and learn how to optimize inventory. Healthy inventory optimization management can help a company flourish like a wealthy field. That is why optimizing inventory and reducing obsolescence is a necessity. Let’s explore how certain principles can be applied to optimize inventory management: Inventory Management Systems We have a different perspective o

article thumbnail

A procurement professional’s guide to risk events and mitigation strategies — FMCG

Spend Matters

As part of our theme this quarter on Procurement’s role and value in supply chain risk management, we are speaking with practitioners in the field to understand their perceptions of risk — clearly different industries perceive types of risk in different ways. We want to know what are their main concerns, how they intend to address them and how much they rely on tech to help.

Risk 89
article thumbnail

Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

article thumbnail

Back to (North) America: Companies Reassess Their Supply Chain Strategies

Supply Chain Brain

An increasing number of major companies are shifting manufacturing back to the U.S. and nearby Mexico in response to a volatile global supply chain landscape.

article thumbnail

Target’s supply chain investments power holiday season ambitions

Supply Chain Dive

The retailer expects to quadruple its order processing output and ramp up next-day delivery thanks to four new facilities it opened this year.

article thumbnail

The Best Websites To Learn Supply Chain

SCMDOJO

Ready to unlock the secrets of the supply chain? These websites offer a treasure trove of knowledge to elevate your skills and drive business success. We have compiled this information after careful and in-depth research. Before we deep dive into the details of each website, look at the summarised value proposition table we have made for you: Which Platform to Choose?

article thumbnail

Risk management solution providers and what their customers really want – Exiger

Spend Matters

As part of our Q4 research into supplier risk, third-party and supply-chain risk management (TPRM/SCRM) and the solutions that support it, we have not only conducted analyst- and market-led research in the shape of analyses, advisory, definitions and webinars, but taken the pulse of the practitioners who use that technology and who deal with risk on a daily basis (for example here and here ).

article thumbnail

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.

article thumbnail

How Companies Can Get Better Prepared for Sustainability Regulations

Supply Chain Brain

With a barrage of sustainability laws and regulations across the globe, most companies are under-prepared to meet their obligations when it comes to reporting their emissions.

article thumbnail

Ferrero invests in hazelnut sourcing as it grows US production

Supply Chain Dive

The company awarded a total of $340,000 to Oregon State University and Rutgers University to increase collaboration with local farmers, producers and distributors.

Sourcing 102
article thumbnail

How many ProcureTech Solution providers are chickens trying to be eagles?

Procurement Insights

EDITOR’S NOTE: Today’s post is inspired by the following LinkedIn post by Marijn Overvest. Once you understand ChatGPT in procurement, even your coffee orders get a cost-benefit analysis. Once you know how to use it, there is no way you’ll ever work without it. Hope you liked this post! Repost to share with your network. My name is Marijn Overvest , I’m the founder of Procurement Tactics – we train procurement teams with online courses.

article thumbnail

Going global with your external workforce program

Spend Matters

In many cases, external workforce programs begin as a localized or regional effort, often driven by Human Resources or Procurement departments looking to improve talent or costs for their areas of management. The establishment of these localized programs will usually see more control, more visibility and better costs with how their company engages with the external workforce.

article thumbnail

The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

article thumbnail

China’s Chancay Megaport in Peru Opens

Supply Chain Brain

The China-backed megaport has the potential to create whole new trade routes that will bypass North America entirely.

130
130
article thumbnail

Amazon delivery tweaks among USPS’ peak season preparations

Supply Chain Dive

The agency will also lean on expanded processing capacity and early morning courier routes to strengthen holiday service reliability.

117
117
article thumbnail

2025 Trends Shaping the Future for Purchasing Professionals

Procurement Freelancers

The purchasing profession is undergoing a transformative phase, with new trends emerging to redefine strategies… The post 2025 Trends Shaping the Future for Purchasing Professionals first appeared on Procurement Blog | Procurement & Supply Chain News.

article thumbnail

smartKYC: Vendor Analysis — Supplier risk solution overview, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis gives an overview of smartKYC, a risk (supplier due diligence) solution built to ensure that organizations stay on top of reputational and compliance risks. With the increasing number of regulations in recent years that require companies to perform due diligence in their supply chains, e.g., the German Supply Chain Act, California Supply Chain Act, and EU’s Corporate Sustainability Due Diligence Directive (CS3D), companies are faced with multiple challeng

Risk 75
article thumbnail

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.

article thumbnail

U.S. Retailers Raise Alarm Over Ongoing Red Sea Crisis, Looming Port Strike

Supply Chain Brain

November 19 marked a year since Houthi rebels attacked the British-owned Galaxy Leader cargo ship as it moved through the Red Sea, taking its crew hostage.

105
105
article thumbnail

Amazon opts for no fulfillment fee increases in 2025

Supply Chain Dive

The e-commerce giant vowed "to focus on stability and simplicity" for its sellers after levying new charges earlier this year.

112
112
article thumbnail

5 Ways to Get Paid Faster: Streamlining Your Cash Flow

Finale Inventory

In today’s fast-paced business environment, maintaining a healthy cash flow is crucial for success. Delayed payments can hinder growth, strain relationships with suppliers, and create unnecessary stress. Let’s explore five strategies to accelerate your payment collection process by 20%-80% 1 and improve your financial health. 1. Implement Accounts Receivable (AR) Automation One of the most impactful ways to speed up payments is with an AR automation platform.

article thumbnail

How to Keep Your Supply Chain Running When Disruptions Hit

NLPA (Next Level Purchasing Association)

Let’s be honest—if you’re in supply chain management, you’re no stranger to disruptions. They come in all shapes and sizes: hurricanes wiping out factories, cyberattacks freezing logistics systems, or even global trade tensions causing delays. These disruptions aren’t just stressful—they can hit your bottom line hard. But here’s the thing: while you can’t predict every storm or cyberattack, you can get ahead of the chaos.

article thumbnail

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.