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Image via Flickr by zackzen Every day the Baltic Exchange in London releases the Baltic Dry Index, which tracks the prices of shipping bulk freight. This week, prices are up 14 percent over last week, and have reached the highest level of the current year. Though most company representatives only agreed to speak with reporters…
Image via Flickr by familymwr Advances in web technology have opened a door of opportunity for procurement professionals. With an automated procurement system, including pay-to-procure, in-house, and stand-alone marketplaces, e-procurement provides a means for reducing costs, standardizing processes, and more. It’s a tactic being used by government agencies and companies in both private and public…
Image via Flickr christiaan_008 Ransomware is a dangerous computer virus that can wreak havoc on businesses and their operations. To deploy ransomware, hackers use encryption code to lock up targeted computer data and hold it for ransom. If victims want to regain access to the data, they typically have to pay a large sum of…
Image via Flickr socalscouse The truck driver population in the U.S. is aging. That’s bad news for the supply chain industry, because not enough new truck drivers are entering the labor force to replace the truck drivers who retire. Take a look at what supply chains are doing to address this problem.Oops! You don’t have…
Image via Flickr by Carl Wycoff Fifteen years ago, the U.S. banned imports of beef from Ireland because of mad cow disease. Now, the ban is being lifted. This will boost the euro beef industry by millions of dollars, particularly in Ireland. The U.S. Department of Agriculture has performed strict inspections at beef production facilities in…
Image via Flickr by linkedmediagrp Many procurement professionals shy away from social media due to the overwhelming amount of information out there. It’s simply easier to manage if you avoid the up to the minute news and reports, and rely on the old newspaper or water cooler chat. However, with a few skills you can…