July, 2022

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Supply Chain Sustainability: The Business Case for Growth and a Competitive Advantage- ToolsGroup

ToolsGroup

Companies are leveraging supply chain sustainability to gain a competitive advantage–while supporting people and the environment.

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Reducing the Impact of High Fuel Costs Goes Beyond the Transportation Department

Logistics Viewpoints

The rise in fuel costs, especially diesel, is significantly impacting the bottom line of many B2B companies such as distributors and wholesalers. While the transportation department bears the brunt of high fuel costs, it may not have much ability to mitigate the impact of these costs on the broader business as many of the causes of high fuel consumption come from outside the transportation department.

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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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Managing Supply Chain Disruptions: U.S., U.K. Manufacturers Accelerate Procurement

ivalua

Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supply chain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. Redwood City, CA, July 12, 2022 – Manufacturers are working to accelerate digitization initiatives to manage supply chain disruptions in 2022 and beyond, according to an original survey commissioned by Ivalua , a leading global spend management cloud provider.

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4 Ways To Drive Supply Chain Excellence in the Food Industry

The Supplier Relationship Management Playbook is your guide to building effective supplier partnerships that drive supply chain excellence. This playbook equips supply chain professionals with strategies for managing compliance, tracking performance, and fostering collaboration to reduce supply chain risks. Inside, you’ll find: Strategies for Compliance: Best practices to help meet regulatory standards.

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Trucker Tools with Kary Jablonski

The Logistics of Logistics

Kary Jablonski and Joe Lynch discuss Trucker Tools. Kary is the CEO of Trucker Tools, the leading carrier relationship management platform that helps brokers grow their carrier network, book loads digitally, track freight, and build enduring relationships with carriers to drive reuse.

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Digital Supply Chain Transformation: Your Go-To Guide | Chainalytics

Supply Chain Brief Submitted Articles

If information on digital supply chain transformation is widely available, why don’t 53% of these efforts achieve their objectives?

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Inflation in 2022: Is the Bullwhip Effect to Blame for Retail Inventory Glut

Logistics Viewpoints

Last week I saw a news headline from the Washington Post stating Michael Burry’s ‘Bullwhip’ Tweet Deserves Serious Attention. Michael Burry ( @michaeljburry ) is most well-known as the hedge fund manager portrayed by Christian Bale in the movie “ The Big Short.” His track record justifiably garners many followers on Twitter – 895,000 according to the account.

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Rules-based Approach to Supply Planning: Matching Assets with Demand

Arkieva

In any supply chain, matching the supply assets to the demand in a consistent, reliable, and profitable manner is a key requirement. This blog discusses how to create supply plans based on a sequence of rules that makes the decision-making process fast, effective, and intuitive. Rules-based Approach to Supply Planning: Matching Assets with Demand was first posted on July 6, 2022 at 7:53 am. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial us

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What is Supply Chain Agility, and Why is it a Game-Changer?

C3 Solutions

When we hear the word ‘agile,’ most would think of athletes and fitness. But in business parlance, agility is understood differently. It is the ability to adapt seamlessly. This agility or flexibility is an important aspect of various business systems in use today. In the context of supply chains and logistics, agility refers to how quickly businesses can adjust to the latest developments in the industry.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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How Are Supply Chain Disruptions Causing Strain in Laboratories?

All Things Supply Chain

Supply chain shortages make securing the goods people need and want tremendously difficult. Sometimes, such issues cause mere annoyances or mean consumers must wait longer for non-essential items.

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Why the Supply Chain Talent Shortage Isn’t Letting Up

Supply Chain Brain

As we appear to be emerging from our worst healthcare crisis in a century, many experts have assumed that people would eagerly return to work. But that is simply not happening. .

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Council Post: The Foundation To Achieving Supply Chain Resilience

Supply Chain Brief Submitted Articles

With staggering inflation rates, fuel costs and labor shortages, businesses worldwide are navigating persistent unpredictability throughout the entire value chain. Boosting supply chain resilience is inevitably the new imperative.

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Gamification and Robotics Level Up Employee Engagement

Logistics Viewpoints

Across the global business ecosystem, sourcing and retaining top talent labor is of utmost importance. This is no less true of the supply chain industry, which must manage high customer demand while simultaneously experiencing unprecedented labor issues. What’s more, the physical rigors and repetitive nature of supply chain work are creating massive challenges when it comes to employee retention.

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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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How to Have a Serious Conversation About Inventory

Arkieva

Whether you are a manufacturer, retailer or distributor, inventory is likely one of your largest assets – after cash of course. Managing this asset takes a cross-functional team, all (hopefully) moving in the same direction. Weak management of the inventory process results in a porous supply chain. How to Have a Serious Conversation About Inventory was first posted on July 27, 2022 at 7:53 am. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial

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Top 10 Best Supply Chain Job Boards

SCMDOJO

Supply Chain Job Boards are aplenty, but how do we classify the ones worth our time as SCM Professionals? To help answer this question and reduce time wastage going through multiple platforms, we ran a survey based on recommendations provided by several professionals on supply chain job boards, including those I have tried over time. The platform includes supply chain entry-level jobs and supply chain remote jobs.

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How Southeast Asian manufacturers can use ERP to realign the supply chain

SYSPRO Smarter ERP

For decades, ASEAN manufacturing, once seen as a global phenomenon, had been overshadowed by the meteoric rise of Chinese factories. In 2019, China accounted for 28.7 percent of global manufacturing output and was regarded as the world’s manufacturing superpower. Of course, the pandemic then hit global shores, not to mention the ripple effects of global trade wars.

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California Throws 70,000 Truckers in Gig-Work Legal Limbo, Risking Supply Chains

Supply Chain Brain

About 70,000 truck owner-operators who form the bedrock of California’s transport industry are in limbo as state-level labor rules start applying to them, creating another choke point in stressed U.S. supply chains.

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How to Master Product Portfolio Management

Pursuing product portfolio management excellence empowers organizations to unlock the full potential of their offerings. This comprehensive guide unveils 10 essential keys that serve as the building blocks for success.

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Diversifying for the Future: Women in Supply Chain

Supply Chain Brief Submitted Articles

The next generation of the supply chain is here – evolving to be more nimble, more global, and more technologically-advanced than ever before. And, more diverse. As our industry steps forward, it’s critical we ensure the next generation of talent sees themselves reflected in our workforce.

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Making the Connection: The Real-World Value of Logistics Digitalization

Logistics Viewpoints

Today’s logistics teams are operating in an environment characterized by uncertainty on three fronts. Customers’ needs and expectations are constantly changing. The available talent pool of drivers, warehouse associates and other employees is small, which creates staffing volatility. And their operating conditions are extremely challenging and unpredictable, from skyrocketing fuel costs and tariffs to blocked shipping lanes and ongoing geo-political conflict.

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Suggested Summer Reading from Arkieva

Arkieva

It’s the midpoint of summer and a good time to catch up on “summer reading”. For us at Arkieva, that means digging into industry reports and predictions. Here are a few articles that recently caught our eye. Suggested Summer Reading from Arkieva was first posted on July 20, 2022 at 7:53 am. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

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Supplier Registration – Goals, Benefits & Challenges

SCMDOJO

The purchasing department purchases different types of goods and services. However, when you buy something, you may not always know all the suppliers that offer a particular product. Then the Supplier registration form comes in handy. You probably only know a handful of providers. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices.

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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

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Smart, data driven stock-buying initiatives will be the key for supermarket survival

IT Supply Chain

By Sachin Jangam (pictured). CPG, Retail & Logistics Lead, Infosys Consulting. The post Smart, data driven stock-buying initiatives will be the key for supermarket survival appeared first on IT Supply Chain.

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Supply Chain Greenwashing? Six Certifications to Look For

Supply Chain Brain

In recent years, consumers have become increasingly interested in shopping sustainably. With that increasing interest has come a lot of confusion — 64% of Americans are willing to pay more for sustainable products, but 26% don’t know how to identify them.

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How to Reduce Supply Chain Redundancy With Technology

Supply Chain Brief Submitted Articles

According to a McKinsey report, supply chain disruptions cost the average organization 45% of one year’s profits over the course of a decade.

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Amazon Puts the Best Possible Spin on an Overbuilt Network

Logistics Viewpoints

Goods-to-Man Robot at an Amazon Warehouse. Last Tuesday, Amazon issued a press release that highlighted the company’s investments across its global operations network to provide fast delivery for customers. Prime Day is July 12 th and 13 th. On Prime Day, Prime members in 20 countries have access to deals on everything from top national brands to products from third-party sellers.

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What Makes a Warehouse Worker Happy?

The 2024 Newcastle Systems Worker Satisfaction Survey provides insights into the life of a warehouse worker and what matters to them.

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Top Ways 3PL Warehouses Can Survive a Period of Inflation and Financial Downturn

All Things Supply Chain

Unless you’ve been living underneath a rock, you’re aware that our world has been hit with a few years of unprecedented challenges – from a global pandemic to supply chain…

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What is Economic Order Quantity & its Advantages

SCMDOJO

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. Like safety stock calculations , EOQ is one of the most important equations in supply chain planning.

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7 key skills for successful supply chain and procurement negotiation

Procurement Academy

Negotiation is key to business success. Successful negotiation involves good interpersonal and communication skills used together to bring a desired result. For procurement professionals, it’s a core skill that’s essential to be well practiced in. A good negotiator can ensure the right prices are secured, which makes a significant contribution to an organization’s success.