Procurement: Page 26
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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 Ben Unglesbee • June 8, 2023 -
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 Eric Walz • June 8, 2023 -
Explore the Trendline➔
Sean Gallup via Getty ImagesTrendlineInventory Management
Read how retailers and brand manufactures are rethinking inventory management.
By Supply Chain Dive staff -
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 Deborah Abrams Kaplan • June 7, 2023 -
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 Ben Unglesbee • June 7, 2023 -
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 Kate Magill • June 6, 2023 -
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 Deborah Abrams Kaplan • June 5, 2023 -
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 -
Retrieved from Coupa.com on June 01, 2023
Coupa lays off workers as it resets strategy
The procurement software vendor will also close underutilized offices.
By Kelly Stroh • June 1, 2023 -
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 Kelly Stroh • June 1, 2023 -
Ford inks long-term lithium supply contracts
The automaker announced deals lasting through at least 2034 in three different countries.
By Kelly Stroh • May 30, 2023 -
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 Ben Unglesbee • May 30, 2023 -
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 Ben Unglesbee • May 26, 2023 -
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 -
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 Ben Unglesbee • May 25, 2023 -
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 -
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 Ben Unglesbee • May 24, 2023 -
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 -
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 -
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 -
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 Ben Unglesbee • May 18, 2023 -
Foxconn begins building $500M factory in India
The groundbreaking comes as Apple, one of the manufacturer’s largest customers, invests beyond China.
By Ben Unglesbee • May 18, 2023 -
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 Kelly Stroh • May 17, 2023 -
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 -
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 Ben Unglesbee • May 16, 2023 -
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