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More and more companies are adopting advanced technologies such as blockchain, artificial intelligence, and the internet of things (IoT) to transform their supply chains and keep pace with market requirements.
Winter is upon us, and with the arrival of cold weather, rising energy prices, and oil and gas supplies being impacted by geopolitical tensions, businesses once again face potential supply chain challenges.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
Categories: Best Practice , Commentary , Procurement Systems & Architecture Tags: EU , Insights Series For several years now, Spend Matters has been collecting and publishing a series of articles about predictions and insights on procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year is no different and we’ve framed the subject around “insights,” highlighting providers' observations from the year they’ve left behind and how
At the operational level, regional supply chains could replace traditional global supply chains. But is friend-shoring so easy to implement? Probably not, but it is certainly worth evaluating.
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At the operational level, regional supply chains could replace traditional global supply chains. But is friend-shoring so easy to implement? Probably not, but it is certainly worth evaluating.
The unpredictability of consumer demand amid the pandemic, coupled with shipping disruptions, have made it difficult for companies including Under Armour to get their stocking levels right.
Request for information (RFI), request for quotation (RFQ), and request for proposal (RFP) all focus on different aspects of the vendor selection process. RFI, RFP, and RFQ are closely related. However, each acronym refers to a distinct step a business can take to get information from potential vendors. Here is a closer look at the terms RFI, RFQ, and RFP, why each is important, and how to differentiate them.
When you're experiencing a problem in your procurement process, how do you go about identifying where it is? Problems in procurement could include managing opposing needs across departments, struggling with visibility on the approval process, or handling spend that's getting out of control. Before you get too carried away, it's important to take a step back and make sure that your procurement problem isn't an intake problem.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
Consumer Electronics Manufacturer The consumer electronics manufacturer used an analytics platform to automate planning platform to support omni-channel operations. The post Automated Planning Platform for Omni-Channel Operations appeared first on Solvoyo.
Now is the perfect time to review those contracts coming up for renewal/renegotiation over the next year, setting yourself up for optimal negotiations in 2023 by avoiding the consequences that come from playing the “waiting game.”.
Clients and results. More Customers. We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. Cristian Maradiaga. King Ocean. Book a Live Demo. Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing.
There’s a common misconception that Christmas is the crucial period for supply chain planning, but if the last two years have taught us anything, it’s that threats to the supply chain don’t just occur at moments of high visibility. This Christmas, teams are contending with postal strikes, an energy crisis, and financial uncertainty, but there’s nothing unusual in this collection of events.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
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Everyone is busy this time of year, but let me tell you – you haven’t seen anything until you’ve survived. The post Unwrapping the Secrets of Santa’s Supply Chain appeared first on Art of Procurement.
Maine's official nickname may be the Pine Tree State, but given its proximity to the coast and its abundance of sea life, it might as well be called the Lobster State. Employing an estimated 5,600 independent lobstermen, harvesting over 100 million pounds of the crustacean annually and contributing over $1 billion to the state's economy per year, according to industry data, the nation's lobster supply chain largely runs through Maine.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
The government's quick roll-back of pandemic-related restrictions has confused experts and triggered concerns that a still relatively low rate of vaccination among the elderly will lead to high numbers of deaths.
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