This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Direct and indirect procurement are two fundamental approaches in supplychain management, each serving distinct functions within an organization. Indirect procurement supports organizational agility, requiring tailored controls and workflows to manage cross-functional spend. Find Out More What Is Procurement?
Skip to main content Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. To remain competitive, organizations must fundamentally rethink their approach to supplychain management.
Manufacturing and industrials: Strengthening the supplychain backbone In the manufacturing world, procurement is about much more than just tracking spend its the heartbeat of supplychain management. Supply network modeling, now integrating large language models (LLMs), allows for precise tracking and material tracing.
Strategic Sourcing: Strategic sourcing involves managing suppliers, while their selection is done through Request for Quotation (RFQs) forms from multiple suppliers to compare and evaluate them based on pricing, quality, and delivery speed. However, its impact is typically greater on the buyer than on the supplier. Huntzinger, J.
By selecting and developing the right suppliers and establishing streamlined, transparent communication with them, manufacturers gain the agility and resilience to respond to customer demands, rise to the top, and navigate disruptions more easily. That makes agility a foundational part of your manufacturing strategy.
Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supplychain. Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more.
MODEL #2 An agent-based model within a metaprise framework outperforms traditional equation-based intake and orchestration models in procurement because it better addresses the complexity, unpredictability, and multi-stakeholder nature of modern supplychains. inventory shortages, quality failures) without human intervention.
We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — Halo Ai’s founder has a background in procurement and has built the tool with procurement in mind and to replace current TPRM and GRC point solutions.
It is a process that creates efficiencies across all spend categories, minimizes supplychain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Supplier Onboarding and SupplyChain Collaboration – An often overlooked or underestimated challenge is supplier onboarding.
The PO serves as an official record of the transaction between the buyer and the supplier. Over time, these enhanced collaborations improve supplychain stability and can even lead to co-innovation opportunities. This document includes details like the product or service, agreed-upon price, quantity, and delivery expectations.
data entries, supplier choices) to improve data quality and process efficiency, while agents guide outcomes to fit DNDs context. Key Features: Practitioner-Led: Agents (DND buyers) own workflows to teach self-learning algorithms. Self-learning algorithms augment this by analyzing agent actions (e.g.,
February 2025 – Liquid networksdynamic, decentralized, and highly adaptable systemsare reshaping procurement and ProcureTech by enhancing supplier collaboration, innovation, and agility. Supplychain risk management is proactive and data-driven. Delivery performance and product quality also improved dramatically.
buyers, suppliers) interacting based on real-world commodity traits (e.g., unit, source coffee from Ethiopia at $4/kg) based on current data, prioritizing cost and quality. Agents update their models to favor successful strategies, aligning with Hansens agility focus (2014 post,). Department of Defense). unit), assess $0.07/unit
If this were a manufacturing process generating over 30% waste, it would be something that lean experts would be crawling all over. Ask yourself: why it is that startups are so lean and agile…? How many of these tasks could be done by an Admin Assistant, Data Analyst or a Junior Buyer? But What if My Data Quality is Poor?
specific suppliers, individual buyers, unique market conditions). Dynamic “What-If” Scenario Simulation with Real-Time Adaptability: Living Digital Twins: Enterprises will operate “living” digital twins of their entire supplychain, procurement ecosystem, or even broader market segments, powered by Hansen’s ABM.
THE SHORT ANSWER Procurement Insights is not a replacement for analyst firms its a complementary and sometimes disruptive mirror , helping enterprise buyers and tech vendors see past sanitized reports into what actually matters to practitioners. – Challenges rigid quadrants with more agile, narrative-driven insights.
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. Retrieved from Yedi Houseware on July 17, 2025 Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback.
The new procurement tech players: agile and configurable My prediction is most of the solutions that disappear will be replaced on a one-to-one ratio by new market entrants. The economic buyer in this case is undoubtedly going to be the CFO. I’m not a computer scientist, and neither are most CPOs and CFOs.
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. Dive Brief: Mars has reduced greenhouse gas emissions across its supplychain by 16.4% 18, 2005, in Sydney, Australia.
When buyers rely on gut feeling rather than data-driven analysis, inventory decisions become disconnected from actual market demand. The right technology transforms inventory management from reactive to proactive, dramatically reducing the likelihood of accumulating deadstock while improving overall supplychain optimization.
Pierre Mitchells Profile: Leads procurement research at Spend Matters, with 30 years of experience in supplychain and digital transformation, per Spend Matters (2022). Advocates for clean data as critical for agility and resilience, per Tealbook (2021), and coined guided buying, focusing on tech-enabled processes, per LinkedIn.
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. Held will help scale operations, optimize the supplychain and ensure that products are consistently available across the chain’s U.S.
Such a model, based on prioritizing unit economies and production at scale, doesn’t prepare manufacturers and retailers for the waves of disruption that are washing over global supplychains today. Singhal says AI is instrumental today in helping buyers to locate suppliers that can provide maximum agility.
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. The goal is to promote the adoption of digital interoperable traceability to drive “trust in fishery and aquaculture supplychains,” per the website.
Supplychains are the systems that move products from where they are made to where they are needed. Many companies follow Health, Safety, Environment, and Quality HSEQ practices to keep everything running smoothly. Strong HSEQ practices can help supplychains avoid big problems that cost a lot of time and money.
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. The coffee brand said the latter services include monitoring and bettering workers’ rights across Nescafé’s supplychains.
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. A RIVR employee accompanied the robot during the trial for quality assurance. Will mass adoption ever come? By Edwin Lopez • Jan.
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supplychain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react.
We believe that a key pillar of this transformation is the supplychain. With such growth comes supplychain complexity. Shift towards self-contracting and self-distribution: With health systems gaining significant scale and wanting more control over their supplychain, this shift is accelerating.
These behaviors are commercially advantageous, increasing competition to directly improve quality, drive down costs, and improve project ROI. In addition, diverse suppliers can improve their own supplier resilience, proving they are agile and can “turn on a dime” when it comes to responsiveness. Agile Procurement in Canada.
The following is a business case highlighting the background, context and value proposition of SCMDOJO’s Expert Marketplace, a platform designed to connect businesses with specialized SupplyChain Expert Services. It is within this context that SCMDOJO’s Expert Marketplace was conceived.
We are having to become much more agile in our approach because suppliers are less willing to hold their pricing. I’m passionate about working in collaboration with the supplychain and allowing for constructive conversations so that we’re doing all we can to ensure the best value for money for our customers.
Check out Brand Protection – The Definitive Role of the SupplyChain! The SupplyChain function within your company has many responsibilities. Yet often the SupplyChain is undervalued. Why is SupplyChain often undervalued? Pressures for Cost Reduction in SupplyChain.
Discover Ways to Boost SupplyChain Visibility through Digital Marketing Supplychain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Customers face significant frustrations that erode brand trust and sales without supplychain visibility.
In supplychain management, total lead time is a crucial metric encompassing the period from customer order to delivery, be it in B2B or B2C scenarios. Production Lead Time: Encompassing manufacturing, quality control, assembly, and related processes. Improved forecasting contributes to better overall supplychain planning.
Subscribe to SupplyChain Game Changer. What SupplyChain Management problem does this solve? The biggest problem in the transitional supplychain is lack of open and trustworthy information availability across the supplychain caused by multiple issues – trust, technology and legacy practices being the top ones.
Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supplychain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supplychain management. Discover the Top 10 TikTokers reshaping how you view supplychains.
Procurement professionals are now celebrated for their innovation, creativity, agility, and cost-saving initiatives. And let’s not forget the crucial role they play in driving diversity and sustainability within the supplychain. Reducing suppliers also helps mitigate risk throughout the supplychain.
However, they could probably leverage their great buyers in a better way by having proper data delivered to them upfront and allowing them to identify the most strategic new projects. This process can also carry over into the supplychain where Amrest needs visibility and the full strategic payments process to identify key suppliers.
Supplychain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supplychain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Subscribe Here! Email Address. Making The Right Choices.
Supplychains are under enormous stress. As supplychain leaders, we’ve seen unprecedented levels of disruption, challenges with our ecosystem trading partner networks, tariff wars, real wars and tremendous turnover in human capital. Senior supplychain leaders are retiring in record numbers.
Task-Specific Services: Primarily involved in tasks like supplier identification, negotiation, and quality control. Here, the agency seeks to understand the client’s specific needs, budget constraints, and quality standards. Throughout the production process, the agency implements rigorous quality control measures.
Buyers of direct materials will empathize with the availability and quality of an item rather than the price itself. Category strategy will elaborate on logistical and supply management aspects, i.e., inventory planning and supplychain configuration. Indirect ones support the production and operational processes.
Subscribe to SupplyChain Game Changer. Procurement is one of the sole functions in an organization that can truly implement and realizes quality and sustainability initiatives in the line; considering procurement’s ability to impact the global supplychain network at the supplier level. Subscribe Here!
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content