Sorting out Risk in FinTech Source Chains

NC State SCRC

But emerging technology is now beginning to create new ways to think about sourcing risk, which in the past has been a very manual, encumbered process. This has caused banks to look at the flow of activities in the “source chain”, which refers to the way that third parties use bank data for different opreations. Today, this end to end sourcing process has literally hundreds of different steps in the process. Let’s examine the source chain in more detail.

Is Soy the Next Palm Oil?

EHS Sustainability Knowledge at Work

According to Trase , more than 42% of all soy exports from Brazil in 2016 were covered by a form of corporate zero-deforestation commitment made by soy traders, proving that many companies are now including soy as part of their sustainable sourcing policies.

Supply Chain Pressures Heating Up This Summer

Amber Road

CBP Updates Supply Chain Cybersecurity Guidelines in Sourcing Journal. Blistering heatwaves aren’t only rolling through Europe. Global trade is heating up with looming trade wars, demanding and cumbersome regulations and brewing disruptions with stormy summer weather.

5 Steps to Supply Chain Orchestration Success

OneSCM

Can you see and manage your entire global supply network from one single source? We call it a single source of “data truth.” Following these five guidelines not only makes your organization more efficient, but can also increase revenues and reduce expenditures from purchase to payment. The successful music orchestra is a myriad of ensemble instruments working together to create beautiful music.

Green Sourcing for the Olympics

EcoVadis

The Organizing Committee has just issued today a very ambitious “Olympics Sourcing Code” ‘ (access here ) which will apply to all products and service providers. The second and most important thing for us, is that the Code is not only focused on suppliers environmental/socials practices but also on their responsible sourcing practices.

Sustainable Procurement Finally Getting Its Own Standard

NC State SCRC

For the basis of our framework we assessed if the code of conduct followed the guidelines specified in these and similar conventions. Corporate Social Responsibility Emerging Issues in Supply Chain Procurement Sustainability Strategic Sourcing Supply Chain Ethics Supply Chain Management SustainabilityA new post discussed the development of a sustainable procurement standard developed by the International Standards Organization.

Food Logistics Tips for Making Sure Perishable Foods Are Safe During Transit

Cerasis

Water sources, lines, nozzles or tanks should remain free of pathogens and biofilms — this prevents the spread of foodborne illnesses, too. Train and Educate Everyone involved in the supply chain and transportation process should be familiar with food safety guidelines and regulations.

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Procurement Technology: An Update from Spend Matters in Baltimore

NC State SCRC

22,000 sourcing events. $50 An example was provided to show how a requisition can be generated in 90 seconds and drive locked in savings through a preferred source, and avoids over-specifying the requirement. Second, he talked about the information supply chain and the need to drive compliance to guidelines, laws, process, policy, rules, and regulations. “It matters what our suppliers do three levels down – and it depends on the country.

Project Management | How to Review RFI Responses

Insights Solutions Global

Here are some guidelines that would definitely help. Supplier Sourcing RFIHow do you review RFI responses received from potential suppliers? What factors do you take into account to make sure that you land on the ideal supplier? The post Project Management | How to Review RFI Responses appeared first on Insight Solutions Global.

How Businesses Benefit from an Integrated S2P Software Solution

Jaggaer

Source-to-Pay software or, simply put, S2P is an integrated suite of applications developed to take care of and manage each and every process within the procurement function. A typical S2P solution can effectively manage purchasing activities that range from spend analysis, e-auctions, purchase requisitions, sourcing events, invoice and payment processing and vendor relations. Source-to-Pay

Are you a Game Changer? Tell us your Story!

Supply Chain Game Changer

As you complete the form and tell us about your Game Changing activities we ask that you consider the following guidelines: Guidelines: Articles should be at least 1000 words long. Please credit and reference all sources, facts and figures. Subscribe Here! Email Address.

Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. Still, to the large extent, transport sector depends on non-renewable fuel sources along with the gases that emit carbon dioxide.

How “Process Robots” are Enabling Supply Networks

The Network Effect

and 18 months of effort given standard ERP development guidelines. Falling back to sourcing options, you determine that you could hire the 20 FTE’s in the US for $1.5M

WSJ MANAGEMENT Top 250 List: SCRC’s Role as an Index Provider

NC State SCRC

As shown on the front page of the WSJ article, the authors reference the source of the indices used to form the list, which segments the top 250 companies out of a list of 750 total.

‘The Johnny Tightlips’ and Two Other Popular Approaches to Supplier Relations

Supply Chain Cowboy

If you are a public company, are SEC guidelines – especially insider trading rules – being followed? Image Sources: Johnny Tightlips (modified) | Open Book | Castle ]. Process Improvement Supply Chain Strategy Challenges Company Culture People purchasing Sourcing Suppliers Wild West “Before you send that email, there are a few lines I want to take out. We don’t want to share that information with that supplier.” ” “Really?

Why is Closing the Loop on Quality and Compliance key to promote Transparency?

Pivot88

Closing the Loop on Quality and Compliance Management means linking quality and compliance processes with performance data from different sources, and collecting audit, production, quality and traceability information all in one place.

The Branded Supply Chain

Quintiq

The Branded Supply Chain is the model for ensuring that your brand is more than just a collection of ideas, logos and guidelines. A primary objective of the act is to eliminate slavery and human trafficking as a source of cheap labor.

ISO 20400: Building Value Through a New Standard for Sustainable Procurement

EcoVadis

All this has become much easier since a new international standard for sustainable procurement was introduced in April 2017, outlining clear guidelines on how to align with sustainability goals. Recommended Reading: Incorporating Supplier CSR Ratings In The Sourcing Process: The Basics.

10 Commandments of Inventory Management

Supply Chain Opz

Then, general guidelines for level of forecast can be found as below, - If your customer doesn''t share demand forecast with you, use your own historical data to make a forecast at SKU level - If you get POS data from customers, use it to make forecast at SKU/store level.

How to Manage Risk and Boost Transparency in the Raw Material Supply Chain

EcoVadis

The London Metal Exchange just released a positon paper on responsible sourcing with special transitional provision for cobalt. A newcomer to the responsible mining space, Minespider , described its blockchain protocol for responsible mineral sourcing.

10 Inventory Management Hacks You Can Do in 10 Days

Supply Chain Opz

Then, general guidelines for level of forecast can be found as below, - If your customer doesn''t share demand forecast with you, use your own historical data to make a forecast at SKU level - If you get POS data from customers, use it to make forecast at SKU/store level.

10 Tips To Be A Successful Freight Broker!

Supply Chain Game Changer

This requirement provides protection to the broker’s customers in the event business transactions do not follow federal guidelines. Some business connections come from networking with other transportation industry professionals, while others are sourced from previous jobs or employers.

What to Expect When You’re Expecting (to Buy a TMS Solution)

Supply Chain Collaborator

Once only utilized by the largest organizations, cloud computing has brought TMS solutions to the masses with mid-sized and even small shippers able to source and implement solutions that are affordable and effective in automating their logistics processes. Here are some guidelines to consider when you’re tasked with choosing a TMS solution to implement. Selecting a TMS solution is a lot like having a baby.

[INFOGRAPHIC] AI Technologies: The Role of Humans & The Application in Logistics

Cerasis

Using AI driven product nature of being and smart attributes, data can be structured to support the needs of ERP applications as well as strategic sourcing and Value Analysis activities , all from one data set.

Sparking a New Conversation: Let’s Build a Network of Networks

Supply Chain Shaman

With cloud-based analytics, non-relational database open source code sharing and advancements in predictive, prescriptive and cognitive analytics, what is old, can become new again. Today’s supply chain is inside-out. Companies wait and process orders.

Live Updates: The Kumamoto Quakes Could Devastate Smartphone Manufacturing

Elementum

In emergencies, transparency is a powerful guard against disruptions—it can be achieved by opening up communication channels to everyone involved and setting clear guidelines for individual responsibility.

Japan 104

How Would a Hard Brexit Impact UK/EU Trade?

QAD

Manufacturers in the EU may be adversely impacted if they source raw materials from the UK. Many of the processes can be automated by integrated software solutions to manage global trade and transportation to ensure accuracy and adhere to the newly implemented guidelines.

The G.4 – Part 1 of 3 – Major Transparency Shift on Extended Responsibility in Supply Chains

EcoVadis

The second part of the G4 project public comment session ended on September 25th and received more than 1263 formal feedback.The new Guidelines are planned to be released in May 2013 , provided they are accepted by the GRI’s governance bodies. With the GRI Guidelines being the de facto sustainability reporting framework, the addition of supply chain key performance indicators is a clear indication of the maturity of sustainable procurement.

How to Improve Freight Labeling for Transport and Logistics Management

Cerasis

Incorrect or missing labels are a source of frustration for packers, handlers, freight forwarders, customs officers, haulers and those receiving the goods. Freight labeling guidelines are strict and the slightest error, or absence of a label, gives receivers the right to refuse delivery.

Still Don’t Know How Many Slaves Are In Your Supply Chain?

Talking Logistics

Because of the complexity of supply chains, [Patricia Jurewicz, founder and director of the Responsible Sourcing Network, a human rights advocacy group] said it’s often almost impossible for manufacturers, retailers and consumers to uncover the human rights abuses that lie within their products. Intel also donated $250,000 to a fund to help smelters who want to meet the tech giant’s ethical guidelines but cannot afford to retrace their supply chains.

U.S. Intelligence Illuminates Critical Need for Supply Chain Planning and Risk Mitigation

Oracle SCM

The video aims to increase knowledge of elevated supply chain threats due to the growing reliance on globally sourced commercial information and technologies for essential systems and services. The U.S.

Guest Viewpoint: What’s Driving Freight Costs Higher?

The Logistics of Logistics

The impact of rising yet fluctuating fuel prices, increased labor wages with the shortage of drivers and higher truck / equipment costs coupled with more restrictive Federal Guidelines reveal a future of higher costs. Utilize lower cost transportation; alternate sources such as Aerocraft airship or rail.

What is Procurement’s Place in the Value Chain?

Supply Chain Game Changer

I speak with Procurement, Sourcing and Purchasing professionals every day, from various globally functioning organizations, and there’s a resounding similarity in every one of those conversations…. Source: Porter (1985). Procurement drives business from the source to the end customer.

IKEA’s IWAY Has Lessons For Every Procurement Team!

Supply Chain Game Changer

In fact, it made me think of a specific chapter I read from Magnus Carlsson’s Strategic Sourcing and Category Management: Lessons Learned at IKEA. In 1995 IKEA faced an organizational shift in purchasing and sourcing methodology. Subscribe Here! Email Address.

26 supply chain pros reveal the single most effective way to create a winning supply chain strategy

6 River Systems

The financial supply chain presents an opportunity to deliver beyond process efficiency and cost savings by allowing companies to tap into new sources of revenue and profit streams. If not, what actions are you taking to consolidate formats, sources and tools?