Procurement: Page 26


  • A red-brick facade mall entrance to a Macy's store.
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    Daphne Howland/Supply Chain Dive
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    Macy’s doubles down on inventory discipline as demand falters

    Inventories at the department store retailer were down 7% as it keeps its budget open to buy in-demand product.

    By June 8, 2023
  • A General Motors Hummer EV chassis outside of an event in Lansing, Michigan where CEO Mary Barra announced a $7 billion investment in EVs and battery production.
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    Bill Pugliano via Getty Images
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    GM invests over $1B to boost EV battery production

    The automaker and its joint venture partner POSCO Future M want to increase the production of cathode active material.

    By June 8, 2023
  • Explore the Trendline
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    Sean Gallup via Getty Images
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    Trendline

    Inventory Management

    Read how retailers and brand manufactures are rethinking inventory management.

    By Supply Chain Dive staff
  • Blue capsules on a conveyor at pharmaceutical factory. Tablet and capsule manufacturing process.
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    SweetBunFactory/iStock via Getty Images
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    Pharmaceutical supply chains raise data concerns as traceability law nears final step

    Companies have had ten years to comply with the Drug Supply Chain Security Act, but some fear the industry is not ready for the Nov. 27 deadline.

    By June 7, 2023
  • Smoke streaming from the smokestacks of the TECO Big Bend coal-fired power plant in Apollo Beach, Florida
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    donm60 via Getty Images
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    How Nike, McCormick and others are taking on supply chain emissions

    Collaborating with suppliers to reduce Scope 3 footprints was a common theme at the Economist Impact's Sustainability Week U.S. conference.

    By June 7, 2023
  • hormel skippy spam
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    Justin Sullivan via Getty Images
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    Hormel makes progress on trimming bloated inventory

    The company pulled back on manufacturing in areas where supply outpaced demand and worked to improve its supply planning processes.

    By June 6, 2023
  • Allina Health's Abbott Northwestern Hospital in Minneapolis, Minnesota
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    Courtesy of Allina Health
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    How Allina Health is rethinking supply chain spend

    The hospital operator is deploying supply chain staff to the front lines, using group purchasing for diversity, and building data transparency.

    By June 5, 2023
  • Tote bags for sale at Whole Foods. A sign says the bags are made from recycled materials.
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    David McNew via Getty Images
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    Column

    5 ways to drive sustainability in procurement

    The majority of a company’s emissions stems from their suppliers. Here’s how to work with them toward a greener future.

    By Praveen Kumar Soni • June 2, 2023
  • Coupa website homepage which features logo and a menu at the top and a 'learn more' button in the center, with images of money at the right side.
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    Retrieved from Coupa.com on June 01, 2023
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    Coupa lays off workers as it resets strategy

    The procurement software vendor will also close underutilized offices.

    By June 1, 2023
  • Big Lots to remain open on Thanksgiving.
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    Courtesy of Big Lots
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    Big Lots pursues creative sourcing to lessen product shortages

    The retailer expects to fully overcome the shuttering of its largest supplier by the end of Q2.

    By June 1, 2023
  • A 2022 Mustang Mach-E premium ice white edition
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    Courtesy of Mustang Ice White Appearance Package
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    Ford inks long-term lithium supply contracts

    The automaker announced deals lasting through at least 2034 in three different countries.

    By May 30, 2023
  • A brown-brick facade with a white "Kohl's" sign decorates a cream-colored building and main entrance of a store, with small trees in the foreground.
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    Courtesy of Kohl's
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    Kohl’s inventory down 6% as it makes way to chase merchandise

    Executives say they feel good about current levels as they clear space and budget for newer goods.

    By May 30, 2023
  • Nike Rise in Seoul, South Korea
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    Courtesy of Nike
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    Nike CFO takes on procurement oversight

    Matthew Friend, who joined the brand in 2009, will have responsibility over a massive supply operation that sources from hundreds of factories around the globe.

    By May 26, 2023
  • A stack of wooden pallets.
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    Permission granted by National Wooden Pallet and Container Association
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    Wood vs. plastic: Which pallets are more sustainable?

    More pallet companies are marketing their products’ sustainability amid growing attention to ESG practices, fueling the ongoing debate of whether one substrate reigns superior.

    By Katie Pyzyk • May 26, 2023
  • A worker collects shopping carts from the parking lot of a Walmart store on May 18, 2023 in Chicago, Illinois.
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    Scott Olson via Getty Images
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    Walmart works with some suppliers to lower prices

    The retailer wants to “get costs down more as fast as we possibly can” in food and consumables, CEO Doug McMillon told analysts. 

    By May 25, 2023
  • A Chanel sign is pictured outside of its retail store
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    Drew Angerer/Getty Images via Getty Images
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    Chanel buys partial stake in cashmere and natural fibers supplier

    The stake in Cariaggi strengthens the fashion brand's supply chain and alleviates sourcing issues.

    By Laurel Deppen • May 25, 2023
  • Appl
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    Eric Thayer via Getty Images
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    Apple strikes multibillion-dollar deal with Broadcom for US-made 5G tech

    The mobile and computing giant framed the partnership as part of its commitment to invest $430 billion in the domestic economy.

    By May 24, 2023
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    Brandon Bell/ via Getty Images
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    Chipotle prepares national rollout of RFID for food traceability

    The restaurant chain is expanding its use of the technology to track ingredients from suppliers in real-time.

    By Sarah Zimmerman • May 23, 2023
  • tea farm farmers
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    pawopa3336 via Getty Images
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    Major tea companies linked to human rights abuses, report says

    Unilever, Starbucks and others said they are working to enhance supply chain transparency.

    By Chris Casey • May 22, 2023
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    Adeline Kon/Supply Chain Dive
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    Opinion

    It’s not easy buying green: How procurement can drive ESG in supply chain

    More than two-thirds of buyers aim to invest in more sustainable practices. What's stopping them?

    By Aster Angagaw • May 22, 2023
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    "TJ Maxx" by Mike Mozart is licensed under CC BY 2.0
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    TJX looks to capitalize on an ‘outstanding buying environment’

    As other retailers shed unsold product, the off-pricer says its clean inventory position and scale gives it immense sourcing opportunities.

    By May 18, 2023
  • Workers put up scaffolding on a building owned by the contract manufacturer Foxconn International Holdings Ltd on November 28, 2010 in Shenzhen, China.
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    Daniel Berehulak via Getty Images
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    Foxconn begins building $500M factory in India

    The groundbreaking comes as Apple, one of the manufacturer’s largest customers, invests beyond China.

    By May 18, 2023
  • AMC Theatre in New York City on March 17, 2020
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    Victor J. Blue via Getty Images
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    AMC will make its own candy as brands hike prices

    The movie theater chain will launch a sweets line by early next year in a bid to lower costs.

    By May 17, 2023
  • Customers gather outside a corner concrete store with a banner across the front that reads Shein
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    Presley Ann via Getty Images
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    Shein invests $70M toward upgrading its supply chain

    The company hopes its five-year financial commitment will improve conditions at its third-party manufacturing suppliers.

    By Howard Ruben • May 17, 2023
  • People at work in a large warehouse full of boxes.
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    kupicoo via Getty Images
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    Deep Dive

    After last year’s inventory tidal wave, where do retailers go from here?

    Bare shelves are still a recent memory, but many are learning to live on leaner inventories after overstocking in 2022.

    By May 16, 2023
  • A factory with rows of Bangladeshi garment workers behind their sewing machines working on fashion garments
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    Allison Joyce / Stringer via Getty Images
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    Opinion

    Apparel makers must reform purchasing practices that hurt workers

    When suppliers are squeezed on price, workers feel the greatest pain, writes a program manager at the NYU Stern Center for Business and Human Rights.

    By Natasja Sheriff Wells • May 15, 2023