Procurement: Page 69
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Kohl's 12-quarter inventory reduction streak ends
As new tariffs encourage inventory pull-forward and fulfillment commitments for e-commerce orders speed up, retailers have had to rethink where to store inventory and what healthy stock levels look like.
By Emma Cosgrove • Aug. 21, 2019 -
3D printing can reduce lead times and inventory, but it's not for everything
More than 40% of 1,300 3D printing users cited lower lead times as a benefit of 3D printing in a recent survey.
By Matt Leonard • Aug. 19, 2019 -
Explore the Trendline➔
Sean Gallup via Getty ImagesTrendlineInventory Management
Read how retailers and brand manufactures are rethinking inventory management.
By Supply Chain Dive staff -
Asos intervenes when supplier cuts off wages, water, food to workers
Working with a local labor union and the Mauritian government, Asos facilitated wage payouts after the factory stopped paying workers months before liquidation.
By Emma Cosgrove • Aug. 19, 2019 -
AAFA: 77% of apparel, footwear imports to face tariffs Sept. 1
Although tariffs on some clothing and footwear are delayed until Dec. 15, the majority will still face duties at the beginning of next month.
By Shefali Kapadia • Aug. 16, 2019 -
Kraft Heinz's comeback begins after months of procurement scandal
A bonus structure that rewarded cost-cutting above all else and insufficient review of supplier contracts led to years of procurement misconduct. A new CEO is charged with the turnaround.
By Emma Cosgrove • Aug. 15, 2019 -
VA, Defense Logistics Agency agree to centralize medical procurement for cost savings
Previous efforts in contract negotiations resulted in $1 billion in savings on prescription drug purchases.
By Morgan Forde • Aug. 15, 2019 -
Will Walmart raise prices to mitigate tariffs?
The CFO warned in May tariffs would lead to price hikes, but analysts say Walmart has enough volume in its supply chain to keep consumers insulated from tariffs.
By Emma Cosgrove • Aug. 15, 2019 -
By Michael Rivera - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=31767355
Advance Auto Parts mitigates tariff impact through supplier collaboration, price hikes
The auto parts retailer's CFO highlighted how, even though gross profit margin declined in Q2, advanced preparation and reliance of in-house inventory will help it weather the storm.
By Andy Burt • Aug. 14, 2019 -
USTR: 10% tariffs on 'certain' clothing, electronics from China delayed to Dec. 15
Chinese imports not included on USTR's forthcoming list will still face 10% duties on Sept. 1, as President Donald Trump announced earlier this month.
By Shefali Kapadia • Updated Aug. 13, 2019 -
Tyson shifts production after plant fire to 'keep supply chain full'
A dip in processing capacity will likely manifest in a depleted and pricier spot market for beef, according to consultants.
By Emma Cosgrove • Aug. 13, 2019 -
Maker of Saucony, Keds ups inventory 30% ahead of September tariffs
CEO Blake Krueger said it is too early to determine what the impact will be on 2020 consumer pricing, as the company is holding its mitigation strategies until tariffs take effect.
By Emma Cosgrove • Aug. 13, 2019 -
Is Walmart doing enough to protect workers in its supply chain?
The retailer has been auditing, investigating and reporting on its supply chain to clean up labor abuses, but experts say many of the current best practices fall short.
By Ben Unglesbee • Aug. 12, 2019 -
Picking the right procurement KPIs for your business
Key performance indicators related to suppliers, staff and organizational performance serve as measurement tools to keep businesses on track.
By Rich Weissman • Aug. 8, 2019 -
Procurement platform C2FO gets $200M backing from SoftBank
C2FO said the Series G raise will go toward expanding the platform's reach in new industries and among middle-market buyers.
By Emma Cosgrove • Aug. 8, 2019 -
S&P: 10% list 4 tariffs more damaging than previous 3
Technology firms are particularly at risk, as funds directed to moving global supply chains lead to less money available to invest in R&D.
By Morgan Forde • Aug. 8, 2019 -
Tariff whiplash is already taking a toll on retail
Retailers and brands have been scrambling to source elsewhere besides China, but it's not easy, quick or even possible for everyone.
By Ben Unglesbee • Aug. 5, 2019 -
IBM launches blockchain supplier management platform with Anheuser-Busch, Nokia, others
Trust Your Supplier aims to digitize and secure paper-based supplier information, qualification, onboarding and management processes with a full commercial rollout planned for the third quarter of the year.
By Morgan Forde • Aug. 5, 2019 -
10% China tariffs and the supply chain scramble
The tariffs will come as importers ramp up shipments for peak season, creating the potential to disrupt global supply chains and trade flows for the remainder of the year.
By Shefali Kapadia • Aug. 2, 2019 -
Sustainable sourcing at scale: H&M's approach
Alternative fibers are challenging to produce and procure at scale. A shift from mass market consumption to a craft model with enhanced visibility may be the solution.
By Deborah Abrams Kaplan • Aug. 1, 2019 -
Watchdog finds fraud ring sent fake RFQs, orders to federal tech vendors
The fraudsters impersonated procurement officials to receive hundreds of thousands of dollars in electronics and sell them on the black market without ever paying the vendor, according to an inspector general report.
By Matt Leonard • Aug. 1, 2019 -
Trump: US to impose 10% tariffs on $300B in Chinese goods
The tariffs will take effect on Sept. 1, and negotiations will continue in early September.
By Shefali Kapadia • Updated Aug. 2, 2019 -
White House backs importing drugs from abroad
The Trump administration's latest drug price plan features ideas Republicans traditionally oppose and breaks with past claims about the FDA's ability to safely oversee importation.
By Jonathan Gardner • July 31, 2019 -
Apple CEO dismisses possibility of moving production away from China
Tariffs have driven businesses across numerous industries to reduce sourcing from China and move production, but Tim Cook expressed confidence in Apple's global and diversified supply chain.
By Shefali Kapadia • July 31, 2019 -
Why Bumble Bee Foods chose blockchain to track its tuna supply
The single platform makes it easier to share information between multiple suppliers and vendors throughout the supply chain.
By Mitch Betts • July 31, 2019 -
Albertsons names Starbucks veteran as strategic sourcing VP
Jonathan Gardner, who spent nine years with the beverage giant, will help lead the expansion of Albertsons' goods not for resale division.
By Lauren Manning • July 31, 2019