Digital Procurement Improves Supply Chain!

Supply Chain Game Changer

Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. Important Digital Procurement Trends. What Is Digital Procurement?

Drop Shipping: A Perfect Fit for Supply Chain Operating Networks

Talking Logistics

As reported last month by Jennifer Smith in the Wall Street Journal , “A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory. The practice, known as drop shipping, lets retailers offer more products for sale on their websites—such as multiple colors of the same sweater—without having to keep those items in stock.

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Featuring Our 10 Best Warehouse Order Fulfillment Articles!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Our latest “Featuring” series article covers the topic of Warehouse and Distribution Centre order fulfillment. So take some time and check out our very best Warehouse and Distribution Centre fulfillment articles!

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Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

Cerasis

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". As I’ve mentioned in previous articles supplier relations are an essential component of a sustainable and functional supply chain. The Seller went forward and manufactured and shipped the two piping units, accompanied by an invoice. Procurement

Tariffs and Procurement: A perfect match?

Proxima

According to recent Procurement Leaders research , 40% of category managers are anticipating risk associated with tariffs. In this article, we provide: What tariffs are and how they’re applied HowProcurement fits into the equation Strategies to eliminate or reduce the impact of tariffs. would result in charging $30 per pound of widgets shipped whether widget sold for $100 or $200 per pound. How Procurement fits into the equation.

Managing the Procurement of Promotional Goods and Services

Claritum

Claritum Article - Procurement Blog. Many of the product related suppliers are based in the Far East, so there is also a need to understand local pricing, laws, duties, testing and shipping to be fully informed of the potential impact to supply over time. Resulting in the risk of reputational damage and supply delays associated with shipping across borders. Essential is to get the right specialist procurement technology in place.

Three big mistakes procurement & supply chain leaders must avoid

EFT

Supply chain leaders need to look at minimising risk through by focusing on cash flow, diversifying production and enacting strong financial discipline to cope with disruption, according to procurement and supply chain service provider GEP. In the immediate term, supply chain costs will increase as manufacturers expedite shipping and pay overtime labour costs to meet customer commitments.

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

This article explores 10 possible areas in which can help at each stage of the flow in Supply Chain Management. Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Article August 2020

Catastrophic Impacts of COVID19 in Bangladesh Apparel Supply Chain

NC State SCRC

An article written by my former PhD student, Rejaul Hasan, and I just came out this week in Contracting Excellence , the journal published by IACCM, which documents the catastrophe that is unfolding in Bangladesh, one of the world’s major exporters of garments for the apparel sector. One set of orders to a major New York brand was due on February 17, and was shipped and received by the buyer.

Ways to think about the Supply Chain of the Future: Artificial Intelligence

Techgistics

According to an article published in The Economist , AI has reduced returns by 2 million units a year and is able to procure 200,000 ítems autonomously without human intervention. You can read more articles here or sign-up for a free but shockingly infrequent newsletter.

It’s Time to Welcome The Supply Chain CEO!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. An article in the Wall Street Journal called Supply Chain the hot new MBA , outlines how more and more future business leaders are also coming around to seeing the function as a career of the future.

Time to Rethink Sourcing Rare Earth Elements

Supply Chain Game Changer

Rare Earth Elements article, and permission to publish here, provided by Joe Carson and Shubho Chatterjee. Molycorp, a key producer in the 1980s, and other companies shipped their oxides to China for refining and value-added production into metals, alloys, and magnets. Former Chief Procurement Officer at Lucent Technologies and at Micron Technologies as well as additional roles as a Vice-President Supply Chain Management, Operational Excellence Executive, and Chief Strategy Officer.

How to Make Your Business Punchout Ready!

Supply Chain Game Changer

Manage Procurement Spend Like It’s Your Own Business! Article written for Supply Chain Game Changer by, and permission to publish here provided by, Samantha Wallace at greenwingtechnology.com. A punchout catalog allows your clients to access your inventory right in your procurement system directly. All while this is happening your order through your supplier has been put in for the client, or the inventory has been pulled off to be shipped to the buyer.

Suppliers are Friends, not Food!

Supply Chain Game Changer

Article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. Now… Is there something to be learned from this quote in Finding Nemo, that we can apply to procurement and sourcing? Procurement and sourcing teams know just as well as I do that they can leverage their supplier base as a source of driving product/service innovation, CSR initiatives, quality assurance, sustainability development, and overall performance.

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How The Coronavirus Epidemic is Throttling Global Supply Chains

Logistics Bureau

Containers are piling up in ports, international shipping has been hammered, Western companies are battling to source products from traditional suppliers, and disruptions are being experienced throughout the global supply chain. The impact on supply chains is particularly apparent in the following two broad areas— shipping and procurement of products/components/raw materials. COVID-19 Impact on Shipping. COVID-19 Impact on Procurement.

Create a Responsive Supply Chain to Handle Peaks and Lulls!

Supply Chain Game Changer

Responsive Supply Chain article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Ability to leverage cross-docking and drop-shipping. supplychainmanagement #procurement #logisticsmanagement. Subscribe Here! Email Address.

SCRC Meeting – Tom Linton’s “Supply Chain Eight” and Golden Winged Warblers : Questions Every New CSCO Should Ask Their CEO

NC State SCRC

You can either ship it by boat from China (30 days) or by plane (FedEx). Articles Big Data Director's Blog Information Flows LIVING Supply Chain Partner Spotlight Physical Flows Relationships SCM Artificial Intelligenxe Supply Chain From The Field Uncategorized

How Green Shipping Can Enhance Your Business’s Sustainability Quotient

Freightera

This rise in demand and supply of goods also calls for an added focus towards sustainable shipping practices to ensure the environment doesn’t get affected by it all. In an effort to start a conversation on green shipping practices, this article will shed some light on the need for such practices while providing tips and techniques that will help you further the cause. Why We Need Sustainable Shipping? How Can I Make My Shipping Practices More Sustainable?

16 Questions that Keep Supply Chain Managers Up at Night! (Infographic)

Supply Chain Game Changer

Questions that keep Supply Chain Managers up at night article originally published by, and permission to publish here provided by, Katherine Barrios at xeneta.com. With so many things currently happening on the container shipping front, we bet supply chain and logistics managers are having a hard time focusing. Are you preparing for your freight procurement negotiations ? Do you have the data you need to identify improvement areas in your freight procurement strategy?

How to Compare Metal Fabricators!

Supply Chain Game Changer

Article written for Supply Chain Game Changer by, and permission to publish here provided by, Eada Hudes. This will save or reduce your shipping and handling charges and also avoid the damages that may happen during transit. Featuring Our 12 Best Procurement Articles! manufacturing #metalfabrication #procurement. Guest Blog Post Manufacturing Procurement manufacturing Metal FabricationSubscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Who’s Using Blockchain in 2020, and How?

Logistics Bureau

For Ford, the blockchain is a potential answer to assuring the ethical procurement of cobalt—a mineral increasingly used for the batteries in electric-powered cars. Like several of the companies already mentioned in this article, Ford has teamed up with IBM to develop a blockchain for end-to-end supply-chain transparency. As for Tesla, a blockchain partnership with port and shipping companies is all about improving supply chain speed and effectiveness.

COVID-19 Lesson: Make Your Supply Chain More Resilient

Logistics Bureau

Localising your supply chain has a positive effect on the environment as it reduces the energy required for shipping, transport, and storage. Smart software procurement choices, in areas such as business intelligence, risk assessment, and data management, will allow you to make predictive models for supply and demand in times of local, national, or global uncertainty.

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Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Article originally published by, and permission to publish here provided by, Katherine Barrios at xeneta.com. For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity. Shippers need to re-evaluate ocean route use and determine which carriers can increase shipping in anticipation of tropical storms. Subscribe Here! Email Address.

How is technology transforming global sourcing ?

Claritum

Claritum Article - Procurement Blog. If your organisation struggles with supply chain visibility you are not alone, according to Deloitte’s survey of Chief Procurement Officers, 65% of CPO’s have limited or no visibility beyond their Tier 1 suppliers. Do you rely on spreadsheets to compare factory costs, duties, shipping and other factors that impact on total prices? of procurement leaders have limited or no visibility beyond their Tier 1 suppliers. Articles

How to Get the Benefit of GDPR for Your Supply Chain

Logistics Bureau

You sell electronics products over the web from Brazil using different suppliers to drop-ship to consumers in Europe. The data can be structured, as in shipping and payment systems. Personal data may also be recorded in shipping and billing systems.

Blockchain: The Technology Reshaping SCM!

Supply Chain Game Changer

especially procurement and logistics?—?in For this reason, blockchain technology has been viewed as the perfect match for business application within procurement and logistics. The two companies expect this solution to track tens of millions of shipping containers annually.

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Supply Chain Career Changes – How to Get In, Get On, and Get What You Want

Logistics Bureau

The variety of functions involved – product design, procurement, warehousing, production, transport, distribution, sales, for instance – encourages demand for new employees and multiplies possibilities for moving around inside too. No other enterprise function touches as many departments, from sales, marketing, research and development, materials, and production, to shipping, accounting, payments, and finance, not to mention legal and public relations.

Can Blockchain become the solution for anti-counterfeiting and chain of custody?

NC State SCRC

Recent articles in the New York Times and in the I nternational Business Times highlight the emerging role of blockchain as a key enabler of improved integration between parties in the extended global supply chain. Pilots with IBM have shown that all these documents can be captured in a blockchain, and could potentially reduce shipping delays due to lack of paperwork. The Times article notes that.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

There are articles which describe what the future of Supply Chain will be like in 2020, 0r 2025, or even 2030. Our first belief is that the future Supply Chain must be based on a “Don’t Touch” philosophy, which we discussed in our article A Don’t Touch Strategy Will Dramatically Lean Out Your Supply Chain! Techniques such as drop shipping and full case fulfillment and replenishment eliminate several handoffs and touches throughout any Supply Chain.

Sourcing promotional products the right way

Claritum

And as many suppliers are based in the Far East, buyers need to understand local pricing, duties, testing and shipping to ensure they receive the right product to enhance their promotional strategy. With these purchases there is no supply chain visibility resulting in the risk of repetitional damage if produced by a dodgy supplier and no control over shipping across borders, such as customs delays. Articles eProcurement

Do You Know When it’s Time for a Freight Review?

Logistics Bureau

Inevitably though, a company’s shipping needs change over time and a carrier that once was able to serve those needs adequately, may no longer be able to do so. This is especially true if the shipper is not a large customer of the carrier or if shipping needs are unconventional in comparison with the bulk of the carrier’s customer-base. Significant change in shipping volume or mix (could be growth or decline in sales of certain products).

5 Supply Chain Mistakes that Handicap Business Performance

Logistics Bureau

It’s because an understanding of freight service providers’ costs and rates is essential if you don’t want to pay over the odds for shipping your company’s products. If the carrier can find another customer shipping half-height pallets, of course they will charge that shipper for pallet spaces too, while loading both your shipments together to fill a trailer.

The Supply Chain Game Changer Job Board!

Supply Chain Game Changer

It includes functional areas such as Procurement, Purchasing, Freight, Logistics, Planning, Material Handling, Inventory Management, Cash Flow Management, Quality Management, Diversity, Customer Support, Systems Design and Deployment, Business Process Engineering, and Business Management. We discuss this in our article Quantum Leap to the Top 10 Supply Chain Skills of the Future! . The Hottest Jobs in Supply Chain and Procurement! Subscribe Here! Email Address.

How Blockchain Could Create the 'Autonomous Container'

Supply Chain Brain

There’s nothing new, for example, about a carrier’s ability to monitor the interior temperature and humidity of a shipping container while in transit. It knows where it’s located, that it has all shipping documents attached in virtual form on the blockchain, and when it runs into trouble can call for help.” The development of autonomous shipping equipment is likely to track that of self-driving vehicles, as the need for human involvement in transportation gradually diminishes.

Reducing Supply Chain Costs

Logistics Bureau

Similarly, learning time to produce a particular article or supply a certain service can be better amortized over a greater number of iterations of the same process. Supplier employees are stationed at the customer’s site to optimize communication, coordination and procurement with the supplier. Articles Cost SavingThe Key Supply Chain Challenge of Cost Reduction. Supply chain costs often represent a considerable percentage of the sales price of a good or service.