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Adopt a Forward-Thinking Approach: Stay ahead by monitoring emerging procurement trends, such as digital transformation and sustainability innovations. Promote a Culture of Innovation: Encourage team members to propose creative solutions and recognize contributions that drive results. Automate supplier evaluation using real-time data.
Many organizations make use of advanced statistical methods and intelligent machine-learning models to conduct accurate predictive analyses on future demand patterns. All of this leads to more effective demandplanning which will ultimately benefit the business. There are challenges, however.
In 2025, businesses will focus on building strong partnerships with suppliers to enhance reliability, drive innovation, and manage risks more effectively. Our innovative platform has helped organizations increase efficiency, improve supplier relations, and make quicker and better-informed decisions through data-driven insights.
Speaker: Lisa Anderson, MBA, CSCP, CLTD - President of LMA Consulting Group, S&OP Expert, and Speaker
Join demandplanning and SIOP expert Lisa Anderson for a riveting discussion evaluating the geopolitical landscape and looking at the bigger picture to create a path forward. Several issues are converging simultaneously, creating a precarious path forward.
In many organizations, procurement also plays a critical role in ESG compliance, innovation sourcing, and maintaining business continuity during supply disruptions. Supply Chain Management: Procurement is responsible for identifying suppliers, negotiating contracts, and ensuring cost-effective, compliant purchases.
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Logistics Global Logistics Artificial Intelligence Forecasting & DemandPlanning Global Trade Management Inventory Planning/ Optimization Supply Chain Planning & Optimization RELATED CONTENT RELATED VIDEOS Subscribe to our Daily Newsletter! Are you ready for the challenge?
Humans will still be very much in the picture, he argued, but one of the most important elements in the relationship between human and machine will continue to be trust.
From automating tasks and generating insights to driving innovation in manufacturing and procurement, GenAI is a versatile force that’s rapidly becoming essential. Explore the sections below to dive deeper into the evolving world of GenAI and how it’s driving innovation across industries. What is Generative AI and How Does It Work?
Top-performing suppliers become candidates for development programs, where collaborative initiatives identify opportunities for just-in-time inventory systems, innovation, or cost reduction. Ideal platforms combine supplier management with inventory turnover ratio optimization and demandplanning.
From generative AI that supports strategic sourcing to autonomous agents that help engineers self-source during design, this webinar dives into real-world examples of AI that frees up procurement professionals to focus on what really matters: supplier innovation, risk mitigation, and value creation. Where can AI make the biggest impact?
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Maintaining an agile and transparent flow of information allows all parties to be aware of inventory needs and helps prevent overstocking or understocking of products, even amid fluctuating periods of consumer demand. In short, the best advice you can follow is always to have a plan B to face any emergency.
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SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information, and capital in functions that broadly include demandplanning, sourcing, production, inventory management and logistics. Ensuring transparency in sourcing (e.g., Fifth, the skills gap is a challenge in SCM.
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The challenge with AI innovation today isn’t a lack of ideas; it’s a lack of use cases with measurable value. This level of confusion means anyone can become a leading AI innovation voice in their company. This is true no matter where your organization is on its AI journey. Become an AI expert.
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In the face of these challenges, businesses are deploying innovative strategies to mitigate tariff impacts. Rising costs, sourcing disruptions and compliance challenges are real, but so are the opportunities for innovation. Following are five key approaches reshaping supply chains in 2025. Nearshoring and Reshoring U.S.
Currently serving as the Vice President of Industry Solutions at GAINS, Amber leverages her extensive knowledge to help companies optimize their supply chain performance through innovative, cloud-based solutions. Check out our other podcasts HERE.
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RELATED CONTENT RELATED VIDEOS Supply Chain Planning & Optimization Sourcing/Procurement/SRM Related Articles The Job of the Chief Information Officer in Manufacturing Is Evolving Greatly The Growing Role of the Chief Supply Chain Officer The Growing Role of the Chief Supply Chain Officer Robert J.
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