Procurement Insights

NOVEMBER 21, 2023

In my December 2019 post , Sorry, Charlie, there is something wrong with the world’s seafood supply chain I talked about consumer demand for tracking the seafood industry from source to plate. I realize that the above examples focus on the food industry.

e2e 86

e2e Real-time Visibility Sourcing Consumer demands 86

Jaggaer

APRIL 24, 2025

These shifts in consumer behavior may be small but the bullwhip exaggerates their effect the further you go up the supply chain, because each vendor along the chain from end-consumer to raw materials supplier, has greater observed variation in demand, and thus greater need for safety stock. Procurement must adjust accordingly.

Demand 52

Demand Logistics Real-time Visibility Supply Chain Optimization 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

ivalua

DECEMBER 5, 2019

In today’s competitive business landscape, consumers demand a continuous cycle of new products and services, and the gap between each launch is shrinking. Suppliers offer an excellent source of knowledge to help businesses rapidly innovate. Alex Saric, Chief Marketing Officer, Ivalua.

Innovation 170

Innovation Suppliers Procurement Collaboration 170

Let's Talk Supply Chain

MARCH 4, 2025

Companies worldwide depend on a steady supply of rare earth minerals to‍ maintain their production lines and meet consumer demands. Diversifying the sources of ‍rare earth minerals and investing in recycling technologies are key strategies to ensure the sustainability of these critical raw materials for the future.

Supply chain 52

Supply chain Raw materials Supply Sustainability 52

Una

FEBRUARY 21, 2023

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Jeff Davis. Jeff also has experience in global supply chain management, inflation-related disruptions, and changes in consumer demand.

Consumer demands 98

Consumer demands Influencing Supply chain management Supply chain management 98

ivalua

JANUARY 31, 2022

in October 2021*, the highest in more than three decades, as measured by the Consumer Price Index (CPI). Disruptions in global supply chains, labor market shortages, strong consumer demand. to analyze market data, industry factors, and sourcing information to identify and find pricing trends. What can we expect in 2022?

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

Jaggaer

OCTOBER 24, 2024

In the retail sector, collaboration with suppliers can provide retailers with real-time information about inventory levels, enabling them to respond quickly to changes in consumer demand. This not only helps avoid stockouts but also reduces the need for excessive inventory, reducing overage and storage costs.

Collaboration 52

Collaboration Innovation Suppliers Supply Chain Efficiency 52

Skill Dynamics

FEBRUARY 13, 2025

Increased globalization, constant digital transformation, and ever-evolving consumer demands have led to a situation where traditional supply chain skills are simply no longer enough for success. Modern supply chain professionals now need skills in ethical sourcing, environmental regulations, and ethical supplier practices.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 52

Let's Talk Supply Chain

APRIL 19, 2025

By harnessing the power of AI, companies can optimize their supply chain processes, predict trends, and adapt to changing consumer demands with unprecedented accuracy. Sources [link] [link] As technology continues to evolve, the potential for innovation and competitive advantage is unlimited.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency supply chain budgeting 52

Procurement Tactics

MAY 8, 2023

At its core, it is the integration of all the partners in the supply chain where important and critical information from all sources is gathered and shared with all the trading partners in the supply chain. It enhances trust between partners and enables customers to be heard. Thus, transparency is the key to having an effective CPFR.

Supply Chain Efficiency 200

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 200

Strategic Sourceror

JULY 28, 2022

Walmart is well known for its competitive grocery prices and the shift in consumer spending is, the news source said, likely to reflect customer priorities. Add supply chain delays and seasonal purchasing habits into the mix, and retailers have been left with a double hit of unwanted inventory and limited consumer demand.

Inventory 100

Inventory Price Consumer demands Strategic sourcing 100

The Thomas Blog

APRIL 13, 2023

Our platform has over 75,000 categories of products and services, from alloy to zinc, from which professionals like you can source. 2021 saw high demand for lumber, with searches for lumber on the Thomasnet.com platform up 43% year over year. million industrial professionals use Thomasnet.com for their sourcing every month.

Raw materials 98

Raw materials Consumer demands Demand Sourcing 98

ivalua

DECEMBER 14, 2020

What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. Automation is also an essential capability.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

Procurement Insights

APRIL 13, 2025

sourcing cosmetics packaging or coffee beans) based on real-time data and outcomes. sourcing coffee from Ethiopia) and refine based on rewards (e.g., unit bioplastics sourcing but may lag if new tariffs (e.g., kg, but humans verify ethical sourcing. This processconstructed from Agent-based Metaprise principles (e.g.,

Ethics 52

Ethics Supply Chain Optimization Export Data 52

Supply Chain Game Changer

MAY 24, 2021

The supply chain is transforming fast and by drastically altering how companies design, source, manufacture, transport, and service goods, digital innovations can increase competitive flexibility. While sanitizers, ventilators, and masks were on-demand, there was a disconnect between manufacturers and the supply chain industries.

supply chain budgeting 98

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Supply chain 98

Procurement Templates

AUGUST 28, 2024

Geopolitical Instability and Trade Wars One of the most significant sources of supply chain shocks in 2024 is geopolitical instability. Logistics and Transportation Challenges Logistics and transportation disruptions continue to be a major source of supply chain shocks in 2024.

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization 130

Strategic Sourceror

SEPTEMBER 23, 2022

Growth in consumer demand Depending on the season, certain items tend to be purchased at a higher rate, such as cabbage and corned beef in mid-March and Bell's seasoning and pumpkin filling in late November. That's up from 42% when a similar survey was conducted in 2021. Brought to you by the StrategicSourceror.

Supply 102

Supply Consumer demands Price Supply chain 102

TYA Suite

NOVEMBER 25, 2024

What is strategic sourcing and how does it work? Strategic sourcing is a method used by businesses to buy goods and services in a way that focuses on long-term value, not just short-term savings. Unlike traditional sourcing, which usually aims to find the lowest cost option and looks at the bigger picture.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

TYA Suite

MAY 13, 2025

While it may not seem as strategic or high-profile as long-term sourcing deals, operational procurement is essential. Agility in response to market changes In todays fast-paced market, businesses must be agile and responsive to changing conditions, whether it's fluctuating raw material prices or sudden shifts in consumer demand.

Procurement 40

Procurement supply chain budgeting Supply Chain Efficiency Raw materials 40

Strategic Sourceror

AUGUST 5, 2022

But as with a number of other industries, the candy sector is in the midst of labor shortage, unable to produce as much product as they have in the past and at the pace of consumer demand. Brought to you by the StrategicSourceror.

Supply chain 104

Supply chain Supply Buyers Consumer demands 104

Strategic Sourceror

AUGUST 3, 2022

But with the COVID-19 lockdowns lifted and life largely back to normal, retailers appear to have overestimated consumer demand, with their inventories far exceeding the once torrid pace of sales. Brought to you by the StrategicSourceror.

Inventory 104

Inventory supply chain budgeting Supply Chain Optimization Consumer demands 104

Jaggaer

MAY 8, 2025

If you have adopted a logistics sourcing strategy based on lowest cost, you will in all probability be one of the worst affected by the bullwhip effect when things get tight. Or they could be economic related, such as the number of bankruptcies among freight companies (due to overcapacity, falling rates, labor shortages etc.)

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply chain Procurement 52

The Network Effect

FEBRUARY 11, 2015

See below for a visual explanation… Source: ChainLink Research. If you don’t know what I’m talking about, it’s similar to social networks like Facebook and Linked In, but for large enterprises with globally outsourced supply chains.

Networking 68

Networking Supply chain Consumer demands Supply 68

Strategic Sourceror

FEBRUARY 10, 2023

From drive shafts and semiconductors to a number of other essential parts, the component crunch that's played out over the past several years has exacerbated motor carriers' inability to keep up with the pace of consumer demand. Brought to you by the StrategicSourceror.

Supply Chain Efficiency 90

Supply Chain Efficiency Consumer demands Strategic sourcing Strategic sourcing 90

TYA Suite

DECEMBER 16, 2024

Ethical and sustainable sourcing is no longer just a trend; its a commitment to doing business responsibly. For eco-friendly businesses, sourcing products and materials ethically means prioritizing fair labor practices, minimizing environmental damage, and supporting sustainable suppliers. What is the Meaning of Sustainable Sourcing?

Ethics 40

Ethics Sustainability Sourcing Supply Chain Efficiency 40

SupplyShift

DECEMBER 18, 2019

“Consumers are becoming more environmentally and socially conscious and will increasingly turn to brands that not only talk about responsibility but demonstrate it through their business practices,” Standish said. . Conscious consumers are expected to spend more this year with retailers that have responsibly sourced products.

Sustainability 52

Sustainability Supply Chain Efficiency Consumer demands Supply chain 52

SCMDOJO

APRIL 11, 2025

These disruptions can occur due to decreased consumer demand, supplier instability, or logistical challenges. Diversify and Strengthen Your Supplier Network for Reliable Sourcing Overreliance on a single supplier or geographic region increases vulnerability during economic disruptions.

Agile and Lean Supply Chain 56

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 56

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

SCMDOJO

APRIL 27, 2022

Fashion designers curate design pieces, keeping in mind the current trends and consumer demands. For the production, the appropriate raw material is sourced or produced based on the details provided by the fashion designers in the previous step. Design is the first step that happens in apparel manufacturing.

Supply chain management 137

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 137

SCMDOJO

JANUARY 19, 2025

Such a change was stirred by a consumer base interested in rising internet usage, and the smartphones worldwide appearance. Grown from the concept of the e-commerce supply chain – end-to-end process from product sourcing through delivery, it has become the determining factor in a business advantage. Several funding sources.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 52

Una

FEBRUARY 13, 2023

Try to ascertain how long your principal supplier will be offline and arrange a backup source of supply to cover that period. Logistics visibility: Gathering and analyzing data is the only way to mitigate supply chain disruptions like canal blockages, border closures, and delays or surges in consumer demand.

Supply chain 98

Supply chain Supply Contract Suppliers 98

IBM Supply Chain Blog

APRIL 24, 2023

Innovative organizations sought modern solutions to manage larger data capacities and attain secure storage solutions, helping them meet consumer demands. Typically, organizations have multiple data sources from different business lines that must be integrated for analytics.

Data 88

Data Demand Consumer demands Management 88

IBM Supply Chain Blog

FEBRUARY 2, 2024

A 2023 report found that global investment in green or low-carbon energy sources exceeded USD $1 trillion, 1 while advanced data collection tools and artificial intelligence (AI) are helping to better monitor emissions and inform sustainability strategy. Today, sustainability efforts are being shaped by new urgency and new technology.

Sustainability 85

Sustainability Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 85

Planergy

MARCH 12, 2025

With changing customer expectations, rising costs, and global factors creating pockets of instability, its crucial to ensure your business has a solid supply chain strategy that allows you to effectively source, manufacture, and deliver products. Back in 2013, Whirlpool re-shored appliance production to Ohio.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 52

Strategic Sourceror

JANUARY 20, 2023

Department of Labor, the Consumer Price Index in November 2022 had increased 7.1% Resurgent consumer demand, business closures, transportation disruptions and port congestion have all conspired to put pressure on suppliers and raise the cost of doing business. According to the U.S. over the previous 12 months.

supply chain budgeting 62

supply chain budgeting Raw materials Supply chain Supply 62

The Network Effect

MAY 4, 2015

From a demand sensing perspective, this could be the most important data set since we need to predict what consumer demand would have been on the days the inventory was not available on the shelf. For example, many of today’s forecasting systems will skip data from days where there were inventory shortages on the shelf!

Demand 68

Demand Data Inventory Networking 68