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
Subscribe SupplyChainVisibility Has Never Been More Important! Supplychains are more complex than ever, stretching across continents, industries, and multiple stakeholders. What is Real-TimeSupplyChainVisibility?
You know there are opportunities hidden in the numbers; the challenge is surfacing them in time to act. We’ll walk through key benefits, types of spend analysis, steps to get started, and metrics to track—backed by lessons learned from real-world implementations. Let’s dig in!
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 The SupplyChain Renaissance Has Begun! Supplychain management in the U.S. With the introduction of new technologies, businesses can now streamline operations, increase efficiency, and better meet consumer demands. Key Takeaways Supplychain management in the U.S.
If you’re beginning to explore e-procurement, you’ve probably been grappling with manual approvals that delay purchases and limited visibility into spend. Modern e-procurement platforms use automation and AI to streamline workflows, enforce policies, and improve spend visibility.
Direct and indirect procurement are two fundamental approaches in supplychain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducingcosts but differ in their strategic approach and impact on the core business operations.
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.
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.
Subscribe How Artificial Intelligence Benefits Logistics and SupplyChain! Artificial Intelligence (AI) is transforming supplychain management, enabling companies to adapt more effectively to market demands, streamline operations, and enhance visibility across the entire supplychain.
Supplychains are particularly vulnerable during recessions. Economic downturns can disrupt the flow of goods, increase operational costs, and reduce profit margins. These disruptions can occur due to decreased consumer demand, supplier instability, or logistical challenges.
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.
The SupplyChain Renaissance Has Begun! The realm of SupplyChain and Logistics myths is no different. Is the global supplychain fully automated? Do supplychain jobs go to the most educated candidates, or are there other, more relevant factors that play in the decision? If not, why not?
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.
Subscribe Digital Procurement Improves SupplyChain! Can you reduce lead times without compromising quality? Innovation is exciting, but it often comes with long lead times. Effective lead time management is essential to avoid operational disruptions. Should you prioritize cost savings or quality?
In the intricate dance of the global electronics supplychain, a disruptive force has emerged, sending ripples of chaos through its intricate web of interconnected components. Welcome to the frontline of change in the world of electronics supplychains.
Yet the complex supplychains behind those therapies are increasingly vulnerable. A System Under Strain The fragility of the medication supplychain isn’t theoretical; it’s happening in realtime. Automation fed by real-world data can streamline operations, eliminate redundancy and accelerate response times.
The Resilient SupplyChain! Supplychains are believed to be the backbone of your business operations. Supplychain disruptions are unpredictable but can be controlled. There’s no supplychain immune to the disruptions. Technology advocates for automation of the supplychain processes.
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.
While flashy consumer-facing products like social apps garner much attention, innovation in less glamorous areas like supplychain management is equally responsible for propelling startups to unicorn status. Leveraging emerging technologies gives startups supplychain advantages that legacy players cannot match.
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.
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.
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.
Learn about Ivalua’s AI-powered virtual assistant and how it can help you save time, reduce risk and improve decision-making across the source-to-pay lifecycle. Inefficiencies are baked into the procurement process, wasting time and budget while leaving the door open to errors such as missed deadlines or incorrect orders.
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.
Skip to content The Network Effect Beyond SupplyChains Menu Home Business Networks SupplyChain Management Logistics Resilience AI About Submit a Post Are Micro Fulfillment Centers the Next Frontier in Retail Logistics? What Is a Micro Fulfillment Center? Why Are Retailers Exploring MFCs?
Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.
Subscribe The SupplyChain Renaissance Has Begun! Efficient supplychain management is the key. Imagine being able to offer faster deliveries, reducecosts, and minimize errors. All of this is possible thanks to an optimized supplychain. But what happens if one of the parts of the chain fails?
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?
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.
The 2007 article is a worthwhile read as it demonstrates the potential repercussions of excluding supplychain personnel in the early planning stages of an organization’s M&A strategy.) If it did, then 85% of all e-procurement and supplychain initiatives would not fail. SCADA in energy or Epic in healthcare).
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.
SupplyChain Disruption in 2025: Navigating SupplyChain Issues Supplychain issues have become the defining challenge for multichannel merchants in 2025. When supplychains falter, customer satisfaction plummets and competitors gain ground. What Are SupplyChain Issues in Plain Language?
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.
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.
These may include processes related to: Supplier evaluation Supplier onboarding Performance tracking, Supplier risk management Contract analysis By automating repetitive tasks and analyzing large datasets, AI improves efficiency, reduces errors, and enhances decision-making. What is the use of AI in supplychain management?
Skip to main content Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. times higher than operational emissions, according to data from the U.S. Environmental Protection Agency.
With automated systems, purchase orders can be generated based on predefined criteria, such as inventory levels or specific triggers, ensuring timely and accurate procurement. Real-time tracking and reporting capabilities allow organizations to monitor the status of purchase orders, deliveries, and payments.
These procurement technologies empower teams to move beyond traditional methods, using data-driven insights for smarter sourcing, demand forecasting, and risk management. Predictive AI, on the other hand, uses historical data to forecast potential disruptions, price changes, and supplychain risks.
Modern cloud solutions have democratized access, making what is vendor managed inventory a pressing question for businesses seeking competitive advantage. The vendor managed inventory process reverses traditional ordering dynamics by empowering suppliers with real-time data.
Fit Score Link : This translates into high Fit Score alignment in areas like cross-functional collaboration, tech interoperability, and strategic sourcing visibility. Complex Workflows : Fragmented tech stacks and inefficient processes hinder agility and cost efficiency in large enterprises.
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. Decision-makers must plan supplychain resilience strategies for a wide range of risk scenarios.
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.
Vehicles are sidelined, drivers grow frustrated, and delivery times slip. Without experienced managers in place, truck availability drops, repairs are delayed, and cost control becomes difficult. Without experienced managers in place, truck availability drops, repairs are delayed, and cost control becomes difficult.
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