Thu.Jul 21, 2022

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The 5 Phases of the Vendor Selection Process

ProcurePort

• Vendor selection process is a critical part of any enterprise. Vendor selection helps organizations identify, select, and assess potential suppliers for products and services. • So, if you own or manage a company or an organization, the truth is that you’ll have to undergo a vendor selection process. • As a business owner, you’ll […]. The post The 5 Phases of the Vendor Selection Process appeared first on ProcurePort Blog.

Company 52
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How to Make Technology a Friend, Not a Foe

Talking Logistics

We live in an age when our technology devices are so intuitive that any 3-year-old can download the apps for Pokémon, Lego Duplo World, or their favorite game in 30 seconds on an iPhone. As professionals, we often wish that the technology we use in our work lives was equally intuitive and user-friendly, especially since. Read more How to Make Technology a Friend, Not a Foe.

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My Lessons in Interviewing Supply Chains to Admire Award Winners

Supply Chain Shaman

In business conversations, the term supply chain excellence rolls off the tongue frequently in meetings, but what does it mean? My insight? There is no standard answer. Excellence is actively sought but seldom defined for business teams. Most teams are on a journey without a clear compass. Supply chain excellence is harder to define than to say. To help, we analyze business results each year to understand which companies outperform on the balanced scorecard of growth, inventory turns, operating

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Supply Chains to Admire 2022

Supply Chain Insights

Abstract. Supply chain is easier to say than define. The Supply Chains To Admire report analyzed improvement, performance, and value for the years 2012-2021. Twenty-two companies outperform their peer group. Supply Chains to Admire 2022 – Report v4.0-web. Powered By EmbedPress.

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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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What other industries can learn from pharmaceutical manufacturing

IT Supply Chain

By Alexandra Hughes (pictured). Industry Sales Manager, COPA-DATA UK. The post What other industries can learn from pharmaceutical manufacturing appeared first on IT Supply Chain.

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Eliminate the Bullwhip Effect – Communicate with Your Suppliers

QAD

Supply chain leaders have been hearing about – and suffering from – the bullwhip effect for quite a while now. What is it and what can we do to strengthen supplier relationships, improve demand and supply chain planning, and simplify supplier collaboration? What is the Bullwhip Effect? While it’s been around for decades, the bullwhip effect has reared its ugly head recently in response to the unprecedented impacts of the COVID-19 pandemic combined with existing weaknesses in the supply chain.

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Supplier management KPIs

Taulia

The supply chain activities involved in the procurement process , from sourcing the right suppliers to taking delivery of materials and products, are vital to the overall health of any business. That makes the performance of suppliers in your supply chain a large factor in optimizing the effectiveness of your broader operational strategy. Companies with an efficient and effective supplier management process are much better placed to obtain goods and materials of higher quality and at lower cost,

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Digital Supply Chains: Present and Future Opportunities

Requis

As part of Supply Chain Week 2022, Esther Chan, Senior Manager of Global SCM of Requis, led a lively panel discussion with end users and technology providers about digital supply chain management developments. Ms. Chan opened the session by asking the panel, “How are industry leaders approaching digital supply chain (SC) solutions?”. Nari Viswanathan, Senior Director of Product Segment Marketing of Coupa Software, stated, “There are more constraints and challenges affecting SC management.

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Report That Samsung is Eyeing Massive Semiconductor Production Presence in the U.S.

Supply Chain Matters

The Texas based Austin American Statesman reported yesterday that Samsung is considering the construction of upwards of 11 new semiconductor fabrication production facilities in the Austin, Texas area over the next two decades. This report indicates that move would reportedly amount to a nearly $200 billion investment, according to documents filed with the State of Texas.

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2024 Annual T&L M&A Report

Tenney Group, an industry specialized M&A Advisory firm in the T&L space, produced the 2024 Annual M&A Report. The report contains an in depth overview of 2023 notable deals and the market, while also providing the outlook for 2024 M&A.

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Antitrust and the Supply Chain: Protecting the Power of the Markets

NC State SCRC

At first blush, many readers are probably asking the same question: what does the DOJ Antitrust Division have to do with supply chain management? [1]. I asked this question myself, when I engaged in a discussion with Devon Mahoney, (Technical Assistance Coordinator – International Section) and Chief Manish Kumar, San Francisco Office. I didn’t know a lot about what the Antitrust division within the Department of Justice does, nor how it works with supply chains, and this conversation definitel

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Peak Shipping Season: Planning for 4 Seasons of Peak

MercuryGate

Even as 2022 crosses the halfway mark, the year still has a great deal of uncertainty. The years ahead are likely to be just as volatile and uncertain. Peak season logistics will be critical in local and global supply chain recovery. The post Peak Shipping Season: Planning for 4 Seasons of Peak appeared first on MercuryGate International.

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Innovation in the Digital Age

Enterra Insights

The world progresses when innovation flourishes. As my friend Thomas P.M. Barnett likes to say, “The Stone Age didn’t end because the world ran out of rocks.” It ended because people created better technology. The latest “Age” is the Digital Age and analysts from the Boston Consulting Group (BCG) note, “The pandemic has put the power of digital on full display.”[1] Companies that weren’t born digital, they note, are racing to become digital.

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What’s Included in Pick and Pack Warehouse Fees?

Amware Logistics and Fulfillment

When you partner with a fulfillment company, a great deal of work moves from your plate to their plate. You’ll want to understand fulfillment costs to assess the ROI of your relationship. In this blog post, we will examine pick and pack warehouse fees and give you a clear understanding of what these fees entail.

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Monetizing Analytics Features

Think your customers will pay more for data visualizations in your application? Five years ago, they may have. But today, dashboards and visualizations have become table stakes. Turning analytics into a source of revenue means integrating advanced features in unique, hard-to-steal ways. Download this white paper to discover which features will differentiate your application and maximize the ROI of your analytics.

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Watch: Planning in the Face of Chaos

Supply Chain Brain

Artificial intelligence-based prescriptive analytics enable a network approach to planning in volatile times, says Joe Bellini, executive vice president of product management at OneNetwork.

Analytics 118
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Johnson Controls Transforms its Supply Chain with Integrated Planning 

Logility

Every business ? regardless of size, industry, or market ? can relate to the same challenge: customer frustration. It’s incredibly complicated to pinpoint when an order will ship and when it will arrive. Components and raw materials are still in short supply, logistics services remain delayed, and demand shifts and shocks are consistently unpredictable.

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Quantum Computing Is Solving the World's Complex Logistics Problems

Supply Chain Brain

Quantum computing is emerging as an important means of helping companies solve their most complex business challenges.

Logistics 131
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Can bulk shippers use a freight brokerage AND a carrier?

Bulk Connection

For many bulk shippers, partnering with a 3PL transportation provider can seem like an ‘all or nothing’ proposition in which the shipper’s freight is given either to a carrier(s) OR to a freight brokerage. However, such a strategy doesn’t reflect the current complexity of the market. In this article, we’ll explain how you can partner with a bulk freight brokerage to complement your existing carrier relationship/s.

Freight 67
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GEP Outlook Report 2024

Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Whether from geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.

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Watch: Tackling Evolving Procurement Priorities

Supply Chain Brain

Supplier management might be the most important area that procurement leaders need to focus on in preparation for the next economic disruption, says Ryan Polk, director analyst, procurement advisory with Gartner.

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Digital disruptions in the publishing world

Axway

On Transform It Forward , we’re often discussing emerging new technologies, exciting innovations, and the digital revolution. But no matter how advanced our technology becomes, there will always be a fundamental human need for powerful storytelling.

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Jeep’s China Failure Sends Foreboding Signal to Global Carmakers

Supply Chain Brain

It was one of the very first international auto brands to enter China, widely recognized by consumers and understood by its owners to have huge potential. And yet, Jeep is shutting down its only plant in the world’s largest market.

China 98
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Introducing Lot Analysis in HIMPACT

Herlitz Inventory Management

The newest perishable feature in HIMPACT® is a Lot Analysis tool. Lot Analysis predicts potential spoilage, tracks spoilage by the buyer, and uses that spoilage projection to optimize for today’s purchasing. For example, if you have 110 cases in the DC today, that doesn’t mean they will all be sellable before expiring. Lot Analysis helps you know that ahead of time so you can manage today’s orders more effectively and reduce both lost sales and excess inventory.

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How To Package & Price Embedded Analytics

Just by embedding analytics, app owners can charge 24% more for their product. How much value could you add? This framework from Software Pricing Partners explains how application enhancements can extend your product offerings. You’ll learn: How to take a disciplined approach to pricing The three elements of the Packaging Decision Framework Ways to structure your new embedded analytics offering Download the White Paper to learn about How To Package & Price Embedded Analytics.

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Why Use Known Materials in Automotive Lidar Systems?

Supply Chain Brain

For lidar producers, one of the best options is to use parts and materials that are known and trusted by OEMs,

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Insights into Best Buy’s Growth Strategies With CEO, Corie Barry

Loginext

Insights into Best Buy’s Growth Strategies With CEO, Corie Barry Best Buy observed a 33.2% growth in online sales for Q1, 2022 (2x growth, compared to 15% in Q1, 2020). Compared to 2021, the sales growth observed was 37.2%, with significant contributors being- home theater, computing, and appliances. Implementing a ship-from-store hub model to […].

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Meeting the Growing Need for Same-Day Delivery

Supply Chain Brain

The number of shoppers expecting same-day delivery nearly tripled in a year.

Meeting 97
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Global Supply Chains: Long-Term Trends

New Horizon Supply Chain Blog

Global Supply Chains Have Been Fundamentally Changing Since 2008. An interesting article in The Economist points out that while we think of the pandemic as having triggered sudden changes in global supply chains, many recent changes just represent an acceleration of trends that had been underway since the 2008 Great Recession. I had been aware of many of the changes in isolation, but framing them all together as part of a single phenomenon provides a fresh perspective.

Trends 52
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GEP Spend Category Outlook 2024

Your Roadmap to Smarter Spend Management in 2024 Geopolitical, economic and supply chain challenges will stick around in 2024, but don’t despair. There are strategic opportunities to leverage AI-powered technology and digital toolsets to overcome these hurdles more effectively. GEP experts in nearly two dozen critical categories guide you in the right direction in our annual comprehensive resource — GEP Spend Category Outlook 2024.

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Cyberattacks on Port of Los Angeles Have Doubled Since Pandemic

Supply Chain Brain

Cyberattacks on one of the world's busiest ports have nearly doubled since the start of the COVID-19 pandemic.

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The 5 Best Practices for Freight Accounting

Intelligent Audit

The transportation and trucking industries are continuously evolving. According to the American Trucking Associations , “Trucks move roughly 72.5% of the nation’s freight by weight.” And that number is growing as e-commerce expands and more companies look to leverage ground versus air transportation to save on shipping spend. However, that complexity means an added degree of importance in all freight in accounting processes. .

Freight 52
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Warehouse Developers See Spark of Demand for EV Chargers

Supply Chain Brain

Warehouses may have to do double-duty as power providers as the push toward electric vehicles picks up.