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Bowman, SupplyChainBrain Supplychains consist of imperfect humans struggling to make perfect decisions. That, at least, is the theory behind mathematical optimization, and the way it’s being applied to supplychainmanagement today. In the end, though, it all comes down to a game of numbers.
The SupplyChain Renaissance Has Begun! As a former COO, overseeing Kaizen events, value-stream mapping analysis , upgrading ERP systems, and implementing customer success programs, I recall how easy it was for functional leaders to get bogged down in their own imperatives and lose sight of the big picture.
Subscribe SupplyChain Visibility Has Never Been More Important! Supplychains are more complex than ever, stretching across continents, industries, and multiple stakeholders. What is Real-Time SupplyChain Visibility?
Is Your SupplyChain Ready To Recover? In the multifaceted world of supplychainmanagement, there are numerous variables that can cause unexpected disruptions. Natural Disasters Natural disasters can wreak havoc on your supplychain operations, causing severe disruptions. Disaster Strikes!!!
2) E-sourcing Once demand is clear, e-sourcing enables teams to launch sourcing events through structured, automated workflows. Procurement teams use e-auctioning software to run reverse auctions or dynamic bidding events, where multiple suppliers compete to offer the best price for a standardized product or service.
The global supplychain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Developing Analytical Skills Data analysis is at the heart of effective supplychainmanagement.
How to Improve Your SoftwareSupplyChain! When you hear the term “supplychain,” you might think of physical goods, logistics, and warehouses. However, software also has a supplychain. Why should you care about the softwaresupplychain?
Navigate SupplyChain Challenges with Supplier ManagementSoftware In today's volatile marketplace, fragile supplychains pose significant risks for growing ecommerce brands. The right system connects directly to your inventory planning software to establish foundations for scalable growth.
The supplychain industry is in a process of change that is technologically induced. Billing is becoming quicker, more precise, and more accurate through the supplychain with the help of new technologies. It also enables the management of the supplychain finances in exciting aspects.
For supplychains, AI offers new paradigms and approaches, delivering streamlined processes and results that are unprecedented. AI is about more than fixing problems — its fundamentally changing how supplychains operate. billion in 2023 to $63.77 billion by 2032, a compound annual growth rate of 11.7%.
The Disintermediation of the SupplyChain! Collaborate with Suppliers and Partners Successful supplychainmanagement relies heavily on collaboration. By working together efficiently, the supplychain can be streamlined, improving overall performance and customer satisfaction.
It’s Event Season 2025! It’s Event Season 2025! Spring and summer mark a season of innovation, connection, and momentum in procurement, as well as some of the industry’s biggest annual events. Here are four of 2025’s past events where Arkestro was a major presence. Resources / Blog / Where in the World is Arkestro?
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supplychains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supplychains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.
In the labyrinth of the global food supply chain, the humble egg has emerged as a contender for the spotlight. One effective strategy is to leverage technology to track and monitor the movement of eggs throughout the supplychain.
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.
Subscribe The Single Point of Failure in SupplyChain – Semiconductor Fabrication! My fear is that SupplyChain leaders are getting lazy. But I do mean lazy in terms of making the strategic improvements necessary to create more robust and resilient SupplyChains. The result was 205.8
Managing a successful supplychain requires more than just ensuring products are delivered on time its about building strong, effective partnerships with your suppliers. Supplier collaboration is essential for optimizing supplychain performance and achieving long-term business success.
In this type of environment, traditional procurement software and manual processes are insufficient – and many procurement teams are looking to artificial intelligence (AI) for answers. Most teams are stuck reacting to problems after they’ve already escalated, rather than proactively managing risk. Decision-making suffers, as well.
Consider this your business suddenly faces a major supplychain disruption. But the truth is, a fragile supplychain can make or break your companys success in today’s world. But the truth is, a fragile supplychain can make or break your companys success in today’s world.
Key metrics were tied to cost reduction and spend under management. Technology Adoption in Early Stages : Adoption of procurement software was growing but not yet widespread, with many organizations relying on manual or semi-automated processes. Collaboration with finance was transactional rather than strategic.
The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships Dynamic market changes and global events seem to create newer demands and greater pressure on procurement professionals. Ensuring that your suppliers understand your commitment to customer satisfaction will help build a more responsive and reliable supplychain.
Subscribe The SupplyChain Renaissance Has Begun! Efficient supplychainmanagement is the key. All of this is possible thanks to an optimized supplychain. This requires everyone in the supply network to share accurate and timely information to identify problems and streamline processes.
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?
This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations. This process is known as supplier risk management.
Checking these details early means you won’t face unexpected losses, fraud, or interruptions in your supplychain later on. This means looking at their production facilities, supplychain, quality control processes, and delivery schedules. This safeguard keeps your company secure and operational.
The most recent Hackett Group Report highlights key priorities reshaping procurement in 2025, including technology adoption, the rise of Generative AI, and managing emerging risks. However, simply cutting costs isnt a sustainable strategy CPOs must move beyond tactical price reductions and embrace strategic cost management.
The process creates efficiencies across all spend categories, minimizes supplychain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. In some categories it makes sense to conduct a competitive sourcing event, for example an online auction using eSourcing software.
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 real time. Alarmingly, 7% attributed at least one medication safety event to a shortage-related issue. drug spending reached $37.1
Assessing eAuction Bids eAuctions, or online sourcing events, have been around for more than twenty years and they have proven a highly effective tool for finding the best suppliers based on total cost. Since reverse auctions focus heavily on price competitiveness, this can be easily done with sourcing software tools.
Fewer Emails Procurement teams typically manage more suppliers than Sales teams do customers. Dealing with all of these contracts, sourcing events and purchase requests simultaneously, without a digital solution, results in email overload.
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. This is not just an ERP upgrade to the next set of software," CEO Linda Rendle said. You can unsubscribe at anytime.
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 today’s competitive market, every drop of efficiency in extraction and logistics fuels innovation across supplychains, ensuring that products reach consumers faster and at lower costs. How does oil and gas production drive global supplychain innovation?
Smarter, faster, still human — A GenAI playbook for modern sourcing Iyyappan Chandramouleeswaran, a source-to-pay transformation specialist and ex-management consultant, offers some personal insights into how instead of replacing humans in sourcing processes, it unlocks strategic capacity by augmenting their work.
Like any industry, the gaming sector faces its own unique set of supplychain challenges. Rapid evolution constantly moves the goalposts The first step in adequately managing a supplychain is understanding it. Ever since the events of 2020 , availability of AMD chips has struggled to meet demand.
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows supplychain industry news Let SupplyChain Dives free newsletter keep you informed, straight from your inbox. You can unsubscribe at anytime. That builds on a 40% cut in fishing category SKUs and 30% YoY decrease in vendors in Q4 2023. By Edwin Lopez • Jan.
Procurement has become a strategic function in modern businesses, with growing pressure to manage costs, improve supplier performance, and drive operational efficiency. Efficient data management involves the collection, cleaning, integration, and storage of procurement data.
However, as supplychains have evolved into complex, global systems, the demands on procurement, and associated workload have increased significantly. Businesses must now navigate sustainability, risk management, and total cost of ownership (TCO)—which now are shifting more spend into the “defer” or “ignore” buckets.
Instead, it spreads out supply needs across multiple vendors and regions to avoid disruptions when unexpected events occur. Procurement managers must also consider supplier stability. Tools such as supplychain visualisation software can support this process, offering more control and less guesswork.
We later rebranded to The Procurement Software Podcast to match our software directory.) Since then, procurement software companies have been racing to add AI into their product (or enhance their previous offering). More procurement-specific events The events space post-COVID has certainly blossomed too.
As operators struggle to build agility and scale while they manage costs, the use case for person-to-goods (P2G) robotics is more compelling than ever. AMRs don’t require costly or disruptive fixed installation, and they navigate the warehouse with a mix of location-based software and radar to avoid obstacles.
Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supplychain.
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