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
Procurement and supplychain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.
Subscribe to SupplyChain Game Changer. SupplyChainVisibility – An Overcomplicated Challenge! A recent Deloitte survey estimated only 15% of CPO’s have visibility beyond their tier one suppliers. I found this striking that there is so little multi-tier SupplyChainvisibility.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supplychainvisibility.
First Name Email Download 51 Prompts → Or receive our famous weekly newsletter Global SupplyChain — Everything About SupplyChain Global supplychain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.
This leap in AI capabilities is revolutionizing industries, and AI-driven supplychain management is no exception. The Role of Agentic AI in SupplyChainsSupplychains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting.
Supplychains are particularly vulnerable during recessions. Economic downturns can disrupt the flow of goods, increase operational costs, and reduce profit margins. Consequently, it is imperative to develop a recession-proof supplychain to make them more resilient and adaptable.
Supplychains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. Enhancing supplychain resilience as well as supplychainvisibility is crucial in today’s interconnected world. However, they are also susceptible to disruptions and risks.
Managing a successful supplychain requires more than just ensuring products are delivered on time its about building strong, effective partnerships with your suppliers. This software enables companies to create more efficient and transparent relationships with their suppliers, improving the overall performance of their supplychain.
The dawn of Multi-Enterprise SupplyChain Business Networks (MESCBN) has ushered in a new era of interconnected commerce, transforming the customary supplychain landscape. Join us as we uncover the unprecedented potential that awaits in the realm of supplychain business networks, as reported by Yahoo Finance.
From this discussion, we compiled a list of 8 critical supplychain management activities that to improve, build, and maintain supplychain resilience now and in the years to come. But building an agile, resilient supplychain doesn’t happen overnight; it requires forethought and planning.
They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supplychain management activities that can help Procurement teams build and maintain supplychain resilience now and in the years to come. Focus on digital transformation and adopt procurement technology.
Equipment-heavy and reliant on an aging infrastructure, E&U clients suffer from costly supplychain disruptions as wear, tear and time take their toll. But with the right tools, tactics and collaboration, it doesn’t have to be this way. Visibility.
Today I’m joined by forward-thinking tech company Beacon Technologies – a brand that says, when it comes to supplychain, they believe in power to the people! Beacon’s supplychainvisibility platform is a central hub for real-time ocean and air freight tracking, supplychain performance analytics and carbon emissions reporting.
Are you interested in understanding how businesses effectively manage their supplychains? Look no further – this guide is here to help you grasp the fundamentals of supplychain management (SCM) and how it can lead to success. It encompasses activities such as procurement, supplier selection, and evaluation.
While many manufacturers rely on ERP systems for procurement, these platforms are designed for broad business management rather than the intricate demands of sourcing, supplier collaboration, and cost control in a manufacturing environment. Industry-Specific Expertise – Not all ERP solutions are created equal.
However, this initial success was soon overshadowed by a series of setbacks and challenges that Rivian had to navigate through mainly related to supplychain and production. The production setbacks experienced by Rivian had a direct impact on its reputation and supplychain.
In the healthcare supplychain, there are three main challenges pharmacies, hospitals, pharmaceutical companies and patients are facing: shortages and delays; lack of convenient and cost-effective fulfillment options; and rising counterfeiting and regulatory changes, along with a persistent need for better drug cold chain management.
Subscribe to SupplyChain Game Changer. The Digital SupplyChain Road is Full of Potholes, Construction and Accidents! This Digital Twinning of SupplyChains article focuses on transformative ideation of transport & logistics value chains. The physical supplychain is not easily changeable.
Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supplychain variables. . As operating budgets tighten, restrictive spending will pressure businesses to focus on savings and creative alternatives. . The Criticality of the SupplyChain (and Suppliers).
Today I’m joined by SDI , a digital supplychain brand whose people, processes, and technology have enabled the world’s most efficient supplychains for over 50 years. 06.40] A closer look at current supplychain challenges, and what SDI are seeing with their clients.
Subscribe to SupplyChain Game Changer. The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. Along with cost savings, procurement managers are focusing on optimizing and automating processes. Unparalleled Collaboration. SupplyChain Transparency.
Subscribe to SupplyChain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Poor Data Quality, Scattered Tech Landscapes, Lacking Leadership Approval/Budgets. Subscribe Here!
The most notable competitors include: Direct Competitors in Third-Party Risk, Compliance, and Lifecycle Management Competitor Core Focus/Strengths Exiger AI-powered platform for third-party and supplychain risk management, entity monitoring, and compliance automation. Summary Table: Certa.ai vs. Main Competitors Certa.ai
Today I’m joined by SDI , a digital supplychain brand whose people, processes, and technology have enabled the world’s most efficient supplychains for over 50 years. Today John Delligatti, Director of Digital SupplyChain Transformation at SDI, joins me to talk all about SDI’s purpose-built ZEUS technology.
The decision-making may involve plans to modify the product specifications, prices, terms, or vendors to enhance the product quality or reducecost. globalization, disrupting value chains, etc.) and new forms of collaboration between business partners. Examples: framework agreements, Vendor-Managed Inventories.
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. The ultimate goal of SCM is to reducecosts while satisfying customer demands.
This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supplychain structures, contract types, and managerial aspects necessary for efficient and effective procurement. Cost Management: Budgeting and tracking expenses related to procurement.
This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supplychain structures, contract types, and managerial aspects necessary for efficient and effective procurement. Cost Management: Budgeting and tracking expenses related to procurement.
Logistics Complexity and the Strategic Moves Companies Are Making to Reduce It The last mile is typically the costliest and most complicated leg of a supplychain, accounting for, on average, 53% of overall shipping costs. Dataworks uses AI to predict shipping times and accurate delivery dates.
Supply base optimization is a strategy used to reduce the number of suppliers you work with, especially those who are inactive or limited-use suppliers. Effective supply base optimization can help reducecosts, improve supplychain efficiency, better supplier performance and collaboration, and increased revenue. .
As supplychain technology improves for transportation, inventory management and warehousing, the procurement tools for manufacturing businesses now need to step up. The company specialises in procurement software that streamlines purchase order management and supplier collaboration. And stepping up, they indeed are.
By implementing robust procurement risk management strategies, organizations can minimize disruptions, secure favorable terms, and maintain supplychain stability. These risks can disrupt supplychains, increase costs, and limit access to essential materials or services.
The Execution and Collaboration modules give you the ability to track tasks and approvals individually, bringing you closer to project completion. FRDM FRDM is a software company specialising in supplychain risk management. Their software is designed for multinational corporations managing complex supplychains.
The good news is that sustainability and profitability go hand-in-hand, especially in the retail supplychain. 3 Tips for delivering on promise and purpose in the retail supplychain 1. From origins to ingredients to shelf life, consumers demand a transparent supplychain.
The pandemic disrupted many supplychains,” Bartolini said. “In Our supplychains became resilient. In the immediate aftermath of the global pandemic, there’s been a shift to prioritizing cash management and improving supplychainvisibility,” he said. “We There are many in the U.S.
Welcome to the latest edition of “Logistics Viewpoints,” where we unravel the intricate web of supplychain and logistics news from the week of February 2nd-6th, 2025. In this ever-evolving industry, every twist and turn, every innovation and collaboration, shapes the way goods move from Point A to Point B.
in the bustling world of grocery retail, were stockpiled goods sway like ships in a storm, a revealing subplot has emerged – a staggering 65% of retailers are navigating the tumultuous waters without the guiding light of real-time supplychain data.
READ THIS FIRST FOR CONTEXT to understand today’s post: Can great tech overcome poor communication and collaboration within acompany? What Organizations Leaning Toward Consolidation Might Say and Why What They Say: Were consolidating our ProcureTech stack to streamline operations, reducecosts, and leverage AI for better insights.
Agentic AI takes this a step further by enabling autonomous supplychain systems. These AI agents leverage real-time data, predictive analytics, and generative AI to enhance resilience, reducecosts, and improve overall efficiency in AI-driven supplychain resilience. Check out the course below!
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