You're Doing It Wrong Too many companies underutilize the procurement function. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

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Your Inspiration For March 10

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You’re Doing it Wrong:
The Underutilized Procurement Function

Cost-conscious manufacturers of commodity products might be overlooking an important source of strategic value capture, according to McKinsey & Co.

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Hershey Unwraps New Sustainability Goals, Sets Higher Bar for Chocolate Supply Chain

Back in the day, a chocolate bar could evoke many simple emotions — happiness, satisfaction, nostalgia — but unless you ate too much, guilt probably wasn’t one of them. That started to change as consumers became aware of the high environmental and social costs of cocoa production.

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‘Never More Critical’: Supply and Demand
Digital Visibility

Eyes wide open, everyone! 2021 is shaping up to be the year of supply chain visibility because it’s what you can’t see that can hurt you — and you might not see it if your organization has not invested in digital capabilities.

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By the Numbers

23.6%

Foot Locker reported that shipping port congestion contributed to a reduction in its inventory of 23.6% in its Q4. "We're seeing about two- to three-week delays and we have an awful lot of inventory that comes into the West Coast," CEO Dick Johnson noted on an earnings call.

Quote/Unquote:

"What worked until very recently no longer works. How the buy [supply-facing] side of the retail business model is designed and how well it is synchronized with the new sell [customer-facing] side of operations has become front-and-center for retailers."

Brian Kilcourse, managing partner at Retail Systems Research and co-author of the report “Managing Through Disruptive Times with Data-Driven Speed and Adaptability.”

Innovator in Action

2021 Logistics and Supply Chain Trends and Outlook

Why shippers who leverage strategic partnerships with logistics providers will set themselves up for success in 2021. 

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Watch This

How MRO Improves Manufacturing Agility

Advanced Technology Services says data collection, digital technology and supply chain analysis should be areas of focus.

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