Online articles
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Displaying 1-30 of 101 results
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A better approach to supplier contracts
- Article
- 01 Dec 2023
- David Frydlinger, Oliver Hart, Kate Vitasek
Traditional purchasing contracts don’t work in complex strategic relationships where the parties are highly dependent on each
other and flexibility and trust are required. The authors describe a formal relational contract which companies can use instead. A formal relational contract lays a foundation of trust, specifies mutual goals, and establishes governance structures to keep the parties’ expectations and interests aligned over time. Article includes model wording and the table 'Which type of contract is right for you?'.
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The psych in negotiations: Using human factors to attain superior outcomes
- Article
- 01 Dec 2023
- Mark Trowbridge, Melanie Trowbridge
Advice for procurement professionals on how to be successful in negotiation processes. Four main techniques are described in detail - preparation to understand the supplier's needs, appreciating the counterparty's personality traits, reading non-spoken body language and using interrogatives to appropriately shift the other party's paradigm. A range of example suggestive and leading questions are given which can be used by the negotiator to strengthen their position.
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5 ways AI is changing supply chains
- Article
- 01 Oct 2023
- Gary Forger
The article focuses on the transformative impact of artificial intelligence (AI) on various aspects of supply chains. Topics include the use of AI in on-demand delivery optimization, demand forecasting in retail, automated document processing, emissions tracking for deliveries, and the revolutionary concept of on-demand manufacturing facilitated by AI and these applications showcase AI's ability to enhance efficiency, accuracy, and decision-making in supply chain management.
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Supply chain finance in the trenches
- Article
- 01 Oct 2023
- J. Stephen McNally
Former Campbell's Soup supply chain finance executive J.Stephen McNally shares stories 'from the trenches' on how CFOs and their teams can effectively collaborate with their cross-functional colleagues in supply chain management to mitigate supply chain disruption and build stronger operations.
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How to make AI explainable for supply chain planners
- Article
- 01 Sep 2023
Article discusses how that, although Artificial Intelligence (AI) has the potential to reshape supply chain planning in the future, AI needs to explain the decisions taken to gain the trust of planners. The authors explain how this is done.
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Stories from the front lines: Leadership accounts from the globe's top supply chain executives
- Article
- 01 Sep 2023
- Brian Straight
The article highlights the book 'From Source to Sold: Stories of Leadership in Supply Chain', by Radu Palamariu and Knut Alicke, which offers insights from 26 top global supply chain executives on leadership skills and decision-making. One of the questions the book attempts to answer is why relatively few supply chain professionals have become CEOs. The article includes a diagram showing the attributes of the ideal supply chain leader.
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The data-driven supply chain raises new governance and security issues
- Article
- 01 Sep 2023
- Shawn Muma, David Kappos, Carys Webb
The article highlights the importance of data management and security in today's digital supply chain, where every enterprise is considered a "data enterprise." As companies transition to digitally integrated supply chains, they must prioritize data stewardship, embed data governance and security into their operations, and adapt to changing practices and regulations.
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The CFO as supply chain manager
- Article
- 01 Jun 2023
- Thomas G.Canace, Ayaz Jaffer, Paul E.Juras
The CFO and finance team are well positioned to mitigate the prolonged supply chain disruptions that have challenged cash flow and profitability. Strategic Finance magazine shares insights from several CFOs on the short-term and long-term ways they're addressing supply chain disruptions.
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Ghost kitchens are dying and nobody noticed
- Article
- 16 May 2023
- Leticia Miranda
The ghost kitchen was an innovation that promised to change the world, but has turned out not to be a reliable business model, says Leticia Miranda. Recently restaurants such as Wendy's have announced ghost kitchen closures in the US. Issues with transparency appear to have made customers and also food delivery service platforms such as Uber Eats wary.
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How AI and automation can streamline procurement
- Article
- 25 Apr 2023
The article explains the role of artificial intelligence (AI) and automation in streamlining procurement, reducing costs and dealing with economic slowdown. Topics discussed are the need to build a single version of procurement data and standardize all information into a unified system as part of automating the procurement process and the potential capability of generative AI, machine learning and the digital ecosystem to make autonomous purchasing decisions.
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How AI and automation can streamline procurement
- Article
- 25 Apr 2023
- Cliff Saran
The article explains the role of artificial intelligence (AI) and automation in streamlining procurement, reducing costs and dealing with economic slowdown.
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Planning in a recession
- Article
- 01 Apr 2023
- Rene Ho
Companies need to future-proof their business as they transition from pandemic-related supply chain issues to a potential recession - and the radically different economy that may lie beyond, says Rene Ho. The article covers key tried-and-tested best practices for businesses to take when navigating through tough times.
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Faux cocoa's ethical edge
- Article
- 01 Dec 2022
- Clara Hernanz Lizarraga
The article discusses the ethical supply chain operations of British imitation chocolate manufacturer WNWN Food Labs. Topics explored include the use of British barley and carob by the firm to produce alternatives to chocolate, ethical issues associated with the cocoa industry, and the market challenges being faced by imitation chocolate companies.
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Respect "good" inventories
- Article
- 01 Nov 2022
- Larry Lapide
Some supply chain managers believe having excess inventory is a bad thing. But is it really? It depends, says Larry Lapide. Excess inventory mainly comprising high-margin items that contribute to long-term market share can be a smart investment.
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Cloud dominates supply chain
- Article
- 01 Jul 2022
- Bridget McCrea
Article reports that demand for computing services delivered via the web has taken off across most industry sectors, with logistics and supply chain organizations ranking among the biggest users of on-demand computer system resources.
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Procurement has a significant role to play in the pursuit of ESG goals
- Article
- 01 Jul 2022
- Elouise Epstein
By looking at Environmental, Social and Governance (ESG) factors across your supply chain it's possible to create an exponential gain of benefits, says Elouise Epstein. Procurement teams should use both digital tools and a boots-on-the-ground approach to ensure accurate intelligence gathering.
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Don’t let negotiations upset the apple cart
- Article
- 01 May 2022
- Jacqueline K.Eastman, Monique L.Murfield, Stephanie P.Thomas
When it comes to successful negotiations, a buyer's history with a supply chain partner creates expectations. Any changes in that negotiation strategy can create confusion, as buyers search for explanations for the unexpected behaviour. Here are suggestions for buyers dealing with supplier relationships in a turbulent supply chain environment.
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Buy now, pay later: Is it a supply chain thing?
- Article
- 01 May 2022
- Tan Miller
Buy now/pay later is one of the hottest trends in marketing, creating new sales for organizations. It's also creating headaches for supply chain professionals, from procurement to operations. Tan Miller presents an analytic model to facilitate evaluating the logistics impacts of BNPL.
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Using governance to improve procure-to-pay
- Article
- 01 May 2022
- Marisa Brown
Marisa Brown discusses the benefits of an end-to-end process for procurement-to-payment, to help organizations ensure increased interaction and alignment between procurement and accounts payable.
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Many happy returns
- Article
- 01 Mar 2022
- Gary Forger
Returns are a proverbial mess for all but the most accomplished retailers. Going forward, part of a company's reputation and success will be a reflection of the sophistication and responsiveness of their reverse logistics strategy and processes.
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The great supply chain disruption
- Article
- 01 Mar 2022
- Abe Eshkenazi, Bob Trebilcock
A panel of three supply chain leaders discuss how their organizations responded to the COVID-19 pandemic, and how they're preparing for the next inevitable disruption.
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Winning the war against returns
- Article
- 01 Mar 2022
- Larry Lewis
As consumer demand spikes and online sales continue to gain momentum, brands are left determining how to get products out of the door - while also navigating the entire process in reverse. The article suggests some ways suppliers can better prepare to manage returns.
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You've suffered a supply chain disruption: Now what?
- Article
- 01 Mar 2022
- Robert J.Trent
You may not be able to avoid supply chain disruptions, but you can take steps to assess your company's vulnerability, risk exposure and courses of action as quickly as possible. Robert J.Trent contrasts examples of companies which handled a supply chain disruption well, vs examples of companies which were slow to adapt.
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The risks facing the CFO
- Article
- 01 Mar 2022
- Frank Manzi, Mark Martinelli
Article exploring some of the business risks from ongoing challenges such as newly unfolding economic events, a remote workforce and supply chain disruptions, as well as consumer expectations. The authors look at the role that a CFO plays in identifying and developing effective enterprise risk management practices.
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Is Cryptocurrency the next supply chain finance tool?
- Article
- 01 Mar 2022
- Aaron Benningfield
Article discusses what impact cryptocurrency will have on supply chains and why it matters and is the early hype living up to expectations? Several use cases are provided that supply chain leaders can use to capitalise on Cryptocurrency for supply chain finance operations.
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The future of global supply chains in a post-COVID-19 world
- Article
- 01 Feb 2022
- Valentina De Marchi, Rajat Panwar, Jonatan Pinkse
This article maps the changes occurring in supply-chain planning and management in a post-COVID-19 world. It also draws conclusions about how configurations of global supply chains might change: automation and digitalization are likely to play a key role in these transitions.
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Rethinking how to grow a small business
- Article
- 01 Jan 2022
- Christopher Johnson
The right finance strategies will help your business be more resilient in the face of challenging market conditions. Christopher Johnson notes some possible adjustments, including rethinking your working capital, protecting cash flow, diversifying your sources of lending, asking your lender the right questions and considering equipment financing.
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Helping retailers go that extra mile
- Article
- 01 Jan 2022
- Maev Martin
Buymie co-founder and CEO Devan Hughes shares his view of the online grocery retail market in Ireland and outlines buymie's strategy for growth in Ireland and the UK.
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Managing your supply chain: 'Push' vs. 'Pull' inventory management strategies
- Article
- 01 Jan 2022
- Howard Coleman
A look at the benefits of pulling rather than pushing inventory through the supply chain. The customer's demand signal can be used as an inventory driver to drive replenishment, based on real demand and actual consumption rather than forecasts.
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Procurement's new charter
- Article
- 01 Jul 2021
- Alex Yakubovich
Procurement teams are moving beyond cost containment to better manage risk, support business agility, maintain supply continuity, and seize opportunities for supplier-driven innovation. Many teams are fast-tracking initiatives such as automating their procurement process and digitizing more supplier information.
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