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With international commerce increasingly digitalized and customer requirements continuing to grow, the demands on supplychain professionals to create frictionless, responsive, and cost-effective operations have never been higher. Supercharge your supplychain career through the SCMDOJO SupplyChain Learning Track Certification!
Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supplychains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supplychainvisibility and monitoring solutions a top priority.
Subscribe to SupplyChain Game Changer. SupplyChainVisibility Has Never Been More Important! SupplyChainvisibility article and permission to publish here provided by Adam Miglio. And the limitations in supplychainvisibility seem to start right here.
Discover Ways to Boost SupplyChainVisibility through Digital Marketing Supplychainvisibility 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 supplychainvisibility.
In an age where supplychains face persistent disruptionsfrom pandemics and trade wars to cyberattacks and climate volatilityresilience is no longer optional. This shift has pushed supplychain leadership to pivot from reactive management to proactive strategy built on data. Not sure where your supplychain stands?
The series follows the methodology described in our Aligning Finance and Procurement in-depth guide , which offers a practical, structured approach to enhancing cash flow visibility, optimizing payment timing, reducing working capital risk and improving liquidity outcomes through closer collaboration between finance and procurement.
The Manufacturing SupplyChain Journey through AI and Automation Manufacturing SupplyChains Explained The manufacturing supplychain comprises all the processes a business uses to turn raw materials and components into final products that are ready to be sold to customers, whether these are consumers or other businesses.
Under the heading Candy and supply base synchronization, I wrote the following: How important is effective internal collaboration? This will be a worthwhile read as it demonstrates the potential repercussions of excluding supplychain personnel in the early planning stages of an organizations M&A strategy.)
Companies of all sizes have been capturing the value from Global SupplyChain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supplychain operations. However, you may wonder what kind of practices really work.
In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supplychain management. Reminder of Key Definitions – Logistics & SupplyChain Management. Rider (1970)). Bowersox, David J.
Your customers, employees and shareholders want to know you have a plan to address supplychain sustainability. Supplychain sustainability is defined as embedding environmental, social or corporate governance considerations as raw materials are sourced, converted to products and delivered to market.
Subscribe to SupplyChain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your SupplyChain! Everyone involved in these SupplyChains is abiding by the social distancing and protective mandates we all are adhering to. Subscribe Here! Email Address.
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.
Secondly come eProcurement, SupplyChain Collaboration, Invoicing, and Payments. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration. These begin with enhanced visibility. So, lets be blunt.
I recently hosted a webinar in which our star speaker was Lora Cecere, Founder at SupplyChain Insight. Supplychain management typically does not fit very well with procurement, which is a challenge at the best of times, and can be a disaster in difficult times. As late as the 1990s, supplychains were very local.
When Covid-19 hit, supplychains across the globe nearly came to a halt. Procurement’s value became evident, as did the importance of the supplier relationships they had built. As a result of the disruption, cost management and supplychainvisibility were suddenly top of mind for executive leadership teams. .
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.
But what exactly does procurement operations mean, and why is it so important? This step often begins with employees or departments noticing a shortfall, whether its raw materials for production, office supplies, or maintenance equipment. The need is recognized and communicated to the procurement team to start the process.
In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Procurement Tracking: Why is it Important? These tools allow for automated, integration to suppliers and visibility in procurement data at any time.
Don’t forget to check out our best practices , tools , and a list of helpful supplychain resources on the website! To maximize efficiency, distributors should adhere to the following set of guidelines for evaluating and planning their supplychain with the strategies mentioned below.
Today I’m joined by Logward , an exciting tech brand with a vision of a future where supplychain departments lead the transformation of their industries, instead of simply transporting it. 31.33] An overview of Logward’s Transport Solutions, and the visibility it provides. You avoid that by listening properly.”
Subscribe to SupplyChain Game Changer. The SupplyChain Detective and the Distribution Centre Disaster! This change paradox, and the resultant paralysis, could only be solved by The SupplyChain Detective. To understand the challenge ahead it was important to understand the players involved.
S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. preferred terms are negotiated in sourcing but only captured if purchased against) Invoicing: The most important part of the process for the supplier–getting paid. Purchasing is also where value is captured (i.e.,
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. Where and how to buy strategically important goods and services in a way that optimizes value while minimizing risk.
Define the contours of your supplychain network from end-to-end – inbound from vendors to production facilities and outbound from DCs to customers. Game out how the risk(s) you’ve identified may impact each supplychain and be prepared with strategies to react in real-time to disruptions as they occur.
For years, supplychain professionals have measured success by how well they have been able to drive down costs and drive up efficiency. Then, 2020 sent shockwaves through many JIT strategies; the disruption was just too big to absorb and supplychain ecosystems had not been built to flex.
SupplyChain Management is complex and truly mastered by few. For those of us who have made our careers in supplychain, one of the great challenges, and the attraction of the discipline, is the variety of differing opinions about what constitutes ‘excellence in supplychain’ and how it can be best achieved.
Ecosystem Orchestration: Agents align procurement with finance, logistics, and suppliers, ensuring end-to-end process coherence. Example: During the 2025 China tariff retaliation, agents rerouted $700M in coffee imports to Latin American suppliers, limiting cost hikes to 57%.
The disruption the global supplychain is facing today has been a long time coming, yet it seems to have caught the entire industry off guard. At the time of this article going live, I can imagine a lot of scrambling going on across importers up and down the country—and we’ve not even hit peak selling season yet.
There’s an interesting report from Boston Consulting Group (BCG), Three Paths to Advantage with Digital SupplyChain , that illustrates the urgent need for companies today to transition to a digital supplychain, if they haven’t done so already. ” What is the Digital SupplyChain?
Subscribe to SupplyChain Game Changer. Imagining the SupplyChain of the Future! Mike Mortson was recently interviewed by Oracle as a part of their Global SupplyChain Influencer program. This article was posted on Oracle’s SupplyChain Management blog. Email Address. Mike Mortson.
Leadership Founder & CEO: Jag Lamba, former McKinsey consultant, leads the company with a focus on operational agility, risk management, and AI innovation. Advantage AI-First Automation End-to-end automation, from onboarding to risk and compliance, with AI at every step. Key Differentiators Feature Certa.ai is essential.
Smart procurement is the use of technology to improve efficiency and help build more agile procurement processes. Artificial intelligence plays an important role in the popularization of smart procurement for its ability to track and analyze data faster than ever before. Making more agile and accurate business decisions.
What is SupplyChain Management (SCM) SupplyChain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimized supplychains lead to improved profit margins.
For businesses of all sizes, the digital transformation of supplychain planning became the most important initiative. . Considering this surge in digital transformation and the changing needs of 2021, here are some insights and tips for embarking on SupplyChain Digital Transformation projects.
Recent trends have increased the strategic importance of an effective, transparent Invoice-to-Pay process, managed by AP. A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments.
Subscribe to SupplyChain Game Changer. Create a Responsive SupplyChain to Handle Peaks and Lulls! If you work in Business or SupplyChain you feel the results and the immense pressure caused by inaccurate forecasts. This can be highly disruptive and it is a very real SupplyChain nightmare scenario.
Eliminating network complexity and bolstering application connectivity In a world where consumers expect the best possible experience when interacting with an organization’s offerings, DNS continues to serve an important role in how we transact through applications and data.
As if the gender gap wasn’t enough already, women leaders in supplychain have their work cut out for them. With a decade already punctuated by constant disruption; consumers are more aware of supplychain and how industry shortages , talent gaps, and climate events impact their daily lives and local communities.
How can you tell if your SupplyChain is broken? But before the situation gets to those extremes what are the clues that your SupplyChain is not working as well as it could, or should? But before the situation gets to those extremes what are the clues that your SupplyChain is not working as well as it could, or should?
As an increasing number of organizations engage with vendors on a global level to fulfill their supplychains, the need for supplychain robustness has never been so critical. The Global SupplyChain Landscape: What is the current situation?
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. Supplier chain collaboration itself isn’t new.
I was recently delighted to be joined in webinar discussion by Iain Prince, Operational Transformation & SupplyChain Partner at KPMG. But to focus our attention even more sharply, let’s take our cue from Sir David Attenborough: “The decisions we make this decade are the most important in human history”. No pressure, then!
To do this, procurement teams require visibility into their data, control over their processes, and a seat at the business strategy table. Today, quick fixes are being eclipsed by strategic agility that seeks to drive long-term business value and innovation. Among those executives in finance, the percentage rose to 67%.
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