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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. It demonstrates the advantages of working with a digital procurement strategy. Important Digital Procurement Trends.

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Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

I am currently working on a couple of case studies for this blog on how business leaders used digital twin modeling during the pandemic. Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP.

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A ‘Beached Whale’ in the Suez Canal: Stuck Working Capital

NC State SCRC

By now many of you have heard about the “Ever Given”, which has been stuck in the Suez Canal since Tuesday, and is blocking all container ships trying to get through with their cargo. Because procurement executives were so focused on cost, they did not worry about shipment velocity. It may take weeks, by some estimates.

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How The Coronavirus Epidemic is Throttling Global Supply Chains

Logistics Bureau

The impact on supply chains is particularly apparent in the following two broad areas— shipping and procurement of products/components/raw materials. Ports in the United States, The Netherlands, Britain, France, and elsewhere have reported a drop in cargo volumes ranging from around 5 percent in January to an estimated 25 percent in February.

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Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

European electronic component distributor TTI says it is using air cargo companies UPS, FedEx, and DHL to mitigate the impact of holdups in China. In the future, businesses will diversify their supply chains and source locally so they are not as dependent on one procurement source as they are now. The Food Industry.

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Ocean Ports Lead the Way in Logistics Technology Advancements

Material Handling & Logistics

The Port of Virginia serves as a case study in how the nation’s ports are adapting to the needs of the new economy. The growth of cargo moving through America’s ocean ports has increased significantly over the last two decades. Cargo carried by ships must be loaded and unloaded quickly with minimal dwell time in the port.

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A Year In Events: Looking Back At 2016 (US Edition)

EcoVadis

From California to Connecticut, and Novi to New Orleans, EcoVadis was on the ground contributing to the advancement of sustainable procurement and CSR/sustainability practices in global supply chains during our most active year on record in the US. AIAG Corporate Responsibility Summit (Novi, MI). ProcureCon: Indirect West (Phoenix, AZ).