October, 2024

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Labor shortage and its impact on the supply chain

All Things Supply Chain

Imagine a bustling port, filled with cargo containers waiting to be loaded and shipped across the world. But instead of swift, efficient movement, operations have slowed to a crawl. Why?

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The revenue generation

Procurement Leaders

There are many ways that procurement brings financial value to an organisation – from the consistent delivery of year-on-year savings and cost avoidance to the strengthening of working capital positions and cash flow. But perhaps the most progressive of impacts that CPOs can pursue is to drive revenue generation – using procurement’s powers and relationships to deliver top-line impact.

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Tips for Surviving in a Brave New World

Art of Procurement

In 1932, Aldous Huxley published the book Brave New World. At the time, the actual world was perched between World. The post Tips for Surviving in a Brave New World appeared first on Art of Procurement.

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When Ports Go Silent: Proactive Supply Chain Strategies for Manufacturers

Supply Chain Brain

Most manufacturers believe they're prepared for supply chain disruptions because they have contingency plans in place. In reality, those plans are often fragmented and short-term in focus.

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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

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GM invests $625M in lithium production capacity

Supply Chain Dive

The automaker is partnering with Lithium Americas to develop the Thacker Pass Mine in Nevada, where GM agreed to buy up to 100% of lithium produced for 20 years.

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Cultivating an AI Mindset: Smart Trust

Supply Chain Trend

AI is infiltrating our personal lives and the workplace, and soon will be everywhere and irreplaceable in everything you do. At home and in the workplace. Developing and cultivating an AI Mindset will become a must for the modern knowledge worker. In a series of short blogs, I will explore three elements of an AI mindset. In this blog, Trust. Granting Trust to AI Within seconds of meeting someone new, we unconsciously identify if we can trust this person.

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How Gilead segments suppliers for Scope 3 greenhouse gas emissions

Procurement Leaders

Challenge Pharmaceutical company Gilead has a well-established supplier emissions-reduction programme and science-based targets, but aims to increase its use of primary data – especially among suppliers it considers most critically important. While some of those vendors already have programmes in place, others need more support and encouragement. The Foster City, California-headquartered business has devised a segmentation model to ensure that engagement is focused where it will have the greates

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East and Gulf Coast Port Strike – Part 1

Art of Procurement

“Let me be clear: we don’t want any form of semi-automation or full automation. We want our jobs—the jobs we. The post East and Gulf Coast Port Strike – Part 1 appeared first on Art of Procurement.

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Strike at U.S. Ports Brings Debate Over Automation Front and Center

Supply Chain Brain

Even if the dispute between the ILA and USMX is resolved quickly, the battle over automation at U.S. ports is set to rage on for a good long while to come.

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ILA port strike ends through tentative deal

Supply Chain Dive

The agreement, which extends the parties’ master agreement, comes three days after a strike commenced at East and Gulf Coast ports.

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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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Spend Matters Future 5 2024 – Why we chose BlueBean

Spend Matters

Spend Matters is delighted to announce the 2024 roster for our ‘Future 5’ list. For the sixth year in a row, our analysts have highlighted five start-ups that excited them the most. This year, the five companies that have proven themselves as potential future trend setters are BlueBean, Covalyze, HaloAi, Ivoflow and True Value Hub. Today we are sharing the reasoning behind our selection of BlueBean.

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Tackling Child Labor in Global Supply Chains

All Things Supply Chain

Imagine walking into your local supermarket and picking up a bar of chocolate or a new smartphone without a second thought.

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An Effective Productivity Tool – Cash Conversion Cycle

SCMDOJO

What do you often think about business growth? What is the heck behind lean productivity, profitability, and good relations with suppliers and customers? This is how Cost and value are distributed throughout the Supply Chain. Business Growth, Profitability, and internal and external customer relationships solely depend on Cost. Even so, the game-changer in the fast-paced business world is how well you manage the Cash Conversion Cycle throughout the Supply Chain.

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Supply Chains as Business in Action

Art of Procurement

We know supply chains are complex, but to truly understand how complex they are, and how they reached this point, The post Supply Chains as Business in Action appeared first on Art of Procurement.

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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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Procurement Teams ‘Need to Think Ten Times Bigger’ DPW Founder Says

Supply Chain Brain

DPW predicts that 2025 will see a concerted drive towards a digital revolution in procurement, signaling a shift from operational technologies to more strategic, relationship-driven solutions.

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ILA’s outstanding issues center on automation, experts say

Supply Chain Dive

Jurisdiction, healthcare and container royalty are also pending further negotiations, the union’s President Harold Daggett said in a Friday letter.

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Spendscape by McKinsey: Vendor Analysis (Part 1) — Spend and CO2 analytics solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Spendscape by McKinsey and its solution for spend and CO2 analytics. Analytics are vital to the success of a procurement team, as data-driven decision making, improving efficiency and productivity, risk management, cost reduction and much more all depend on solid analytics. While many tools include analytics in the loosest sense, it takes an expertly designed analytics-focused tool to deliver the full value possible.

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Scuffing Apples: A Milillenial Scolds A Boomer For Being Too Harsh

Procurement Insights

“ Jon W. Hansen – We at least agree on the problem (~80% transformation project failure rate)… But clearly, we don’t agree on the way forward. I am for the carrot. You are for the stick. It’s as simple as that… Sticks have a way of leaving splinters.” – Joel Collin-Demers, LinkedIn Comment (October 12th, 2024) The above admonishment I received from a young procurement colleague for my review of the Globality demo suggesting that I had somehow subje

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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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SCMDOJO vs CSCP Supply Chain Certification: My Personal Experience as a Supply Chain Professional

SCMDOJO

As someone deeply invested in the field of supply chain management, I’ve had the opportunity to explore and interact with various learning platforms throughout my career. Two of the most prominent platforms for learning in this domain are the CSCP Supply Chain Certification (Certified Supply Chain Professional), offered by the Association for Supply Chain Management (ASCM) , and SCMDOJO , a platform I’ve personally developed to address the gaps I identified in other learning environments.

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2024 U.S. Presidential Election Special Series

Art of Procurement

There are two weeks to go until the 2024 U.S. Presidential Election. Interest, speculation, and tension have been building all. The post 2024 U.S. Presidential Election Special Series appeared first on Art of Procurement.

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Busiest U.S. Trade Hub Beat Pandemic Cargo Record in Q3

Supply Chain Brain

The LA and Long Beach ports, which together account for roughly a third of all U.S. container imports, each had their busiest ever peak season.

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USPS looks to end dual shipping labels

Supply Chain Dive

The agency submitted a proposal to eliminate the practice as it transforms its relationships with shipping partners like UPS and DHL.

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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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Risk is complex — The different types and sources of risk

Spend Matters

Continuing our series on third-party/supply chain risk management (TPRM/SCRM), here we illustrate the breadth and complexity of risk that organizations today must navigate and manage. We look at how risks and incidents comprise a multitude of types which have origins both inside and outside of the organization and provide a detailed view of different risks and their sources.

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Why was this screenshot an indication of a good ProcureTech demo?

Procurement Insights

What would be your first thought if this were the opening screen for a demo you were invited to see? How would it set the tone for the rest of the presentation? In the meantime, Michael Lamoureux sent me the following post by Reza Shah Mohammadi with the corresponding video of Steve Jobs. Be sure to watch the Jobs video: Reza Shah Mohammad Post Stop thinking that you can succeed by starting with technology and then figuring out how to market it.

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SCMDOJO vs CSCP Supply Chain Certification: My Personal Experience as a Supply Chain Professional

SCMDOJO

As someone deeply invested in the field of supply chain management, I’ve had the opportunity to explore and interact with various learning platforms throughout my career. Two of the most prominent platforms for learning in this domain are the CSCP Supply Chain Certification (Certified Supply Chain Professional), offered by the Association for Supply Chain Management (ASCM) , and SCMDOJO , a platform I’ve personally developed to address the gaps I identified in other learning environments.

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Procurement 6 – October 4th, 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 – October 4th, 2024 appeared first on Art of Procurement.

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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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The Role of Supply Chain Planning Leaders in Change Initiatives

Supply Chain Brain

While many recognize the need to upskill and reskill supply chain planners, most aren't placing enough emphasis on building planners’ confidence and giving them the space to innovate.

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Layoffs mount amid low manufacturing demand: September PMI

Supply Chain Dive

The presidential election, an East Coast port strike and the impact of Hurricane Helene are creating a flurry of challenges for manufacturers this fall.

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Who owns ‘Risk?’ – Procurement vs other functions

Spend Matters

Continuing our third-party/supply chain risk management (TPRM/SCRM) series, today let’s address the question of ‘who owns risk?’ In the past, risk ownership has been addressed in a straightforward operational manner: IT owned cyber risk, finance guarded financial risk and so on. While this functional silo approach is simple, it is inadequate in today’s interconnected business… This content is for members only.

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Why Is Free Speech Bad For Procurement?

Procurement Insights

“Jon, I sometimes get ostracized by my own Procurement community when I make a statement that a lot of the new age procurement tech is still trying to make the “horses run faster”… they are still very much centered around a source to contract and a procure to pay tool. and you can only add enough juice to make the legacy processes run faster, more efficiently.” – “SK” Sanjeev Kumar Roy (October 4th, 2024) The above comment to one of my posts stopped me cold in my tr

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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.