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.
Unfortunately, outdated tools and fragmented processes make it difficult to maintain visibility across the supplychain and adapt at the pace of business. Key Takeaways Legacy procurement processes limit scale, speed, and visibility, making it harder to manage risk, compliance, and costs.
Global conflicts, macroeconomic shocks, and shifting global trade routes are all combining to provide real challenges to modern supplychains, and are driving the uncertainty that organizations feel. A resilient supplychain safeguards against these risks and maintains a strong operational flow within your business.
Supplychain reports offer a comprehensive view of your entire supplychain operation. What are SupplyChain Reports? However, identifying and addressing slow-moving and obsolete inventory is necessary to prevent capital from being tied up in unproductive assets.
Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration. Without the right tools, procurements contributions to financial strategy can remain disconnected from budgeting, forecasting and risk management.
A well-structured transformation journey ensures organizations progress from basic digitalization to advanced AI-driven procurement, enabling smarter decision-making, better compliance and optimized supplychain performance. When procurement lacks visibility into budget constraints or supplier performance, inefficiencies arise.
Subscribe The SupplyChain Renaissance Has Begun! This article depicts how innovative technology transforms supplychain operations. SupplyChain Management oversees the operational connection between businesses responsible for making and moving products through all distribution stages.
ERP vs. Best-in-Class for Healthcare SupplyChain Management? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts. The verdict?
Aligning procurement and purchasing ensures efficiency, cost control, and reduced risk across the organization. Technology unifies procurement and purchasing, improving visibility, compliance, and workflow automation. Learn how you can streamline procurement and purchasing to gain control, boost compliance, and cut costs.
Subscribe The Complexity of the Lego SupplyChain! Supplychains in the energy sector are among the most complex and capital-intensive in the world. Each of these actors introduces interdependencies, legal considerations, and transaction costs. It’s about capital flow, asset risk, and regulatory layering.
From rule-based systems to predictive analytics and the generative AI boom, businesses have leveraged these technologies to optimize operations, forecast trends, and create data-driven strategies. This leap in AI capabilities is revolutionizing industries, and AI-driven supplychain management is no exception.
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.
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.
While traditional KPIs often emphasize cost savings or budget control, aligned organizations take a more strategic approach, tracking performance indicators that reflect the joint impact of finance and procurement on business outcomes. Tracking performance over time is key to measuring the business value the collaboration is delivers.
Additionally, we will tell you the advantages of having integrated logistics in your supplychain. Thus, this will enable you to implement it in your supplychain. Defining goals Defining your goals involves establishing clear targets for reducingcosts, improving efficiency, and enhancing customer satisfaction.
Consider this your business suddenly faces a major supplychain disruption. Perhaps a critical supplier goes out of business, a natural disaster halts shipments, or new regulations are introduced that throw a wrench in your entire process. This nightmare becomes a reality for many businesses more often than wed like to admit.
AI systems are able to learn, recognize patterns, and make predictions by analyzing data with the use of algorithms and statistical models. AI in logistics refers to the use of AI-powered solutions to optimize supplychain management, improve decision-making and enhance customer experience.
It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. Are you using any tools or solutions to help you manage your spend?
By collecting data on routes, stock levels, drivers’ availability, vehicle tracking, and other pertinent information, a transport management system accurately forecasts expected delivery times while efficiently scheduling drivers accordingly.
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.
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.
Today Tom Burke, Portfolio Product Manager at CargoWise Landside, joins me to talk all about how drayage rating and quoting best practices can improve supplychain management, visibility, and logistics execution. 32.52] How DrayMaster can help truckers to reduce quote turnaround times by up to a huge 95%.
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.
Modern enterprises rely on supplychain software to track several activities, including manufacturing and distribution of goods. Many supplychain systems are closed-source, all-in-one, proprietary, expensive, and difficult to customize ( read Why ERP Sucks ). What are No-code Platforms? Benefits of No-code Platforms.
Discover Ways to Boost SupplyChainVisibility through Digital Marketing Supplychainvisibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Each of these experiences damages the customer relationship.
How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process. Why is Business Budgeting Important?
Thus, you will know what operational model will work better for your supplychain. A fourth-party logistics , typically known as 4PL, is an operational model where a business outsources its entire supplychain and logistics to a single external provider. 4PL: What is it?
As the demands on supplychains continue to increase, so do the expectations of consumers. Supplychains are particularly affected by these changes, as well as other external influences that threaten to disrupt their daily operations, such as: extreme weather conditions, supply shortages, global health issues, and economic crises.
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.
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.
If you’re in the business world, you’re probably always looking for ways to streamline your supplychain operations. Luckily, supplychain analytics is here to help! But like any new technology, there are hurdles to overcome when implementing supplychain analytics.
Subscribe to SupplyChain Game Changer. What is Big Data? The supplychain management industry has undergone many changes in recent years. This article will look at how edge computing is revolutionizing supplychain management. Introducing IoT Devices for SupplyChain Enhancement.
In a fast-paced world where efficient movement of goods is key, staying updated on the latest supplychain and logistics news is crucial. This week, from January 20th to January 23rd, Logistics Viewpoints brings you a complete insight into the dynamic world of supplychain management.
When you look behind the scenes of a global business operation, procurement strategy and supplychain management are usually top priorities, though theyre not always working in sync. This blog explores procurement vs supplychain strategy and looks at how aligning the two leads to operational excellence.
Poll Time The following is a poll that was posted in the Global & Purchasing SupplyChain Professionals LinkedIn Group, which has over 164,000 members. Reality: No one invested time in proper training, and category managers are still relying on spreadsheets. What is the edge one driver has over another?
Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reducecosts, and improve supplier collaboration. A well-executed S2P strategy reducescosts, increases visibility, and ensures compliance.
Optimizing the cost of capital to improve financial flexibility. Procurement’s cash flow priorities Procurement plays a vital role in cash flow management by: Strengthening supplier relationships to ensure resilience in the supplychain. Ensuring supplier financial health to prevent disruptions in critical supplychains.
The supplychain management industry is growing and changing before our very eyes, and new technologies are at the very heart of that change. As globalization continues, companies will keep trying to develop their supplychains to be more and more efficient easier said than done when they span more countries than ever.
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.
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.
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. This results in reduced carrying costs and improved order fulfillment rates.
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.
Supplier Collaboration: Driving Innovation and Competitive Advantage In today’s hyper-connected global economy, where supplychains span continents, and industries are interlinked globally, supplier collaboration serves as the foundation to drive innovation and create a future-ready organization. What is supplier collaboration?
Download Free Copy SupplyChain Disruptions in Schools: Challenges and Solutions Category Inventory Written by Keith Murphy 17 min read Tags Education Risk Management SupplyChain Management Last edited March 18, 2025 Download PDF KEY TAKEAWAYS Efficient school supplychains are critical for maintaining consistent educational services.
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