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
Mastering resilience enables businesses to uphold efficiency, reduce costs, and improve overall performance even when dealing with disruptions. This article will explore key strategies for building supplychainresilience, and how Skill Dynamics can help support your business throughout this transformation.
Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.
The business required 100% vehicle uptime but struggled to meet this goal and manage spare parts inventory. Tanguy Caillet is global supplychain leader at Genpact. Another example of AI’s effectiveness occurred within a leading transportation and logistics company with nearly 450,000 trucks and 150 locations.
Subscribe 8 Ways to Future-Proof Your Business and Build Resilience! When it comes to managing a business, interruptions in the supplychain can pose a major obstacle. Supplychain disruptions can have a huge impact on companies. Below are several ways to build supplychainresilience.
A Fortune 500 CPG company partnered with GEP to improve end-to-end category management, optimize direct spend categories, and increase strategic focus on tail spend. The result was a year-over-year savings of more than 3%.
When one link in the digital supplychain is compromised, it can cascade downstream, disrupting operations across multiple businesses simultaneously. One of the most high-profile examples was the 2020 SolarWinds attack, where hackers gained access to the software build process of a widely used IT management platform.
If you want to improve your daily operations and ensure that your supplychain is well-protected, these technology solutions are perfect for your needs. Smart Automation Technologies That Can Enhance SupplyChainResilience 1. Originally written for SupplyChain Game Changer and published on June 14, 2024.
In this fast-paced economic landscape, the importance of strategic supplier relationship management cannot be overstated. Join us as we delve into the world of Supplier Relationship Management, unlocking the secrets to success in the face of tariff uncertainty.
Many businesses go to market for solution support within supplier management with ESG/Corporate sustainability as a primary compelling event, or driving factor. Customer requirements on more sustainable products/services, and/or requests for supplychain transparency/due diligence.
Speaker: Robert Olszak- Vice President, Global Supply Chain Optimization, RGP
As a supplychain director, you want to ensure that your supplychain network can withstand any disruptions and be optimized for peak performance. The global logistics market is growing, and companies need to prepare for the next generation of supplychainmanagement.
According to a McKinsey report, firms that develop strong supplier partnerships are 35% less likely to experience significant supply disruptions. Improving Cost and Quality Every decision in strategic sourcing impacts the total cost of ownership, the quality of goods or services, and supplychainresilience.
Maja Tepeh , Senior Brand Manager at supplychain risk management solution Prewave , shares what their customers are looking for from their digital procurement investment. However, the cost avoidance from mitigating ESG-related supplychain risks, such as regulatory fines or disruptions, is equally important.
In this article, we’ll take you behind the scenes and explore the logistics and supplychainmanagement that make modern casino operations run smoothly. Managing the Essentials: From Cards to Roulette Wheels Imagine stepping into a casino. This is no accident; it results from effective supplychainmanagement.
The company’s commitment to efficiency and operational excellence will play a crucial role in managing tariff-related uncertainties, ensuring sustainable growth and profitability in the long run. One key aspect of GM’s tariff mitigation strategy has been the implementation of innovative supplychain solutions.
Speaker: Kelly Barner - Co-Founder & Managing Director of Buyers Meeting Point, LLC
Global inflation is at record highs and the Great Resignation has given way to the Great Reshuffling, leading to uncertainty in talent markets. What will 2023 bring? Time will tell, but it is unlikely to be a return to the pre-pandemic normal.
Key metrics were tied to cost reduction and spend under management. 20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management.
One of the most effective strategies for building resilience is integrating project management into supplychain operations. A well-managedsupplychain does not just survive crises it thrives in them. By using its main principles, companies can: Identify risks early and develop contingency plans.
Effective lead time management is essential to avoid operational disruptions. By anticipating supplychain fluctuations, securing backup suppliers, and improving communication with vendors, you can minimize delays and ensure a steady flow of materials. To stay ahead, regularly reassess your supplychain strategy.
In a whirlwind of developments in the world of supplychainmanagement, the latest headlines are buzzing with the news of boeing machinists bringing an end to thier strike. Alongside this, the Institute for SupplyManagement has also made waves with their latest updates.
The unprecedented changes in the last couple of years have caused disruption and flustered supplychainresilience. As a result, shippers are dealing with high freight costs, late shipments, lack of visibility, process inefficiencies, and other complexities.
What Is AI in Supplier Management? AI in supplier management is the use of artificial intelligence (AI) technologies to streamline and enhance various supplier-related processes. What is the use of AI in supplychainmanagement? What is the role of AI in supplier relationship management?
How Predictive Procurement Has Become a Game Changer for High-Tech Manufacturing To stay competitive, high-tech manufacturers are increasingly adopting Predictive Procurement technology to gain greater agility, cost savings, and enhanced supplychainresilience.
As the procurement industry and supplychains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supplychainmanagement in the coming year.
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.
For many enterprise teams, managing indirect spend feels like a reactive process that’s out of sync with business goals. A unified procurement platform will help your team manage indirect sourcing with the same discipline as you manage direct procurement. What Is Indirect Procurement?
auto tariffs are being felt across global supplychains. As the automotive industry grapples with mounting challenges, a new trend is taking shape a strategic shift toward cash flow management and financial resilience. Impact of US Auto Tariffs on Global SupplyChains Amid escalating tensions over U.S.
This leap in AI capabilities is revolutionizing industries, and AI-driven supplychainmanagement is no exception. Agentic AI takes this a step further by enabling autonomous supplychain systems. Enhances AI-driven supplychainresilience. Here are some leading innovators in this space: 1.
Great Packaging Optimizes SupplyChainManagement The supplychain facilitates the movement of products and services. This process involves converting raw supplies into finished products. A well-engineered product packaging also promotes better inventory management and lower shipping costs.
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 impending transformation, outlined in a recent report by Supply and Demand Chain Executive, is set to reshape the vrey foundation of how goods and services are sourced, managed, and delivered. Heightened focus on demand forecasting and inventory management.
Focus on large-scale transformations, strategic frameworks, and cutting-edge technologies like AI and supplychainresilience. Engages with broader procurement dynamics, including team management and outsourcing. McKinsey Strengths : Deep industry research and data-driven insights.
These include risk management and resilience in a volatile world. Companies want to avoid or mitigate disruptions to the supplychain and manage stranded assets. At H&Z we have developed a three-step approach to addressing this challenge: First, measure the emissions related to the companys supplychain.
By fostering stronger partnerships and exploring sourcing options, the company aims to enhance its supplychainresilience in the face of evolving trade policies. The Way Forward As Clorox navigates the challenges posed by the $100 million tariff hit, it stands at a pivotal crossroads in its supplychain strategy.
This collaborative approach can take various forms, from co-developing new products to jointly managing risks and ensuring sustainability in the supplychain. Supplychainresiliency & risk mitigation Resiliency has become a key concern for businesses in a dynamic market environment.
It includes sourcing and supplier management, contract management, and procure-to-pay (P2P) functions. Key elements include total cost of ownership (TCO) analysis, supplier relationship management, and category management. What is Source-to-Pay?
Through the strategic implementation of AI solutions, companies can unlock a myriad of benefits, including predictive analytics for demand forecasting, automated inventory management to minimize stockouts, and real-time monitoring for enhanced visibility across the entire supplychain.
I can help procurement practitioners dramatically improve ProcureTech implementation timelines, ROI, supplychainresilience, risk management, tariff management, and overall implementation success. So, here are my answers to both questions: YES and YES! And just remember, YOU asked me!)
Below is a ranking from highest to lowest focus on procurement and supplychain practices, as of April 4, 2025, based on their stated missions, agendas, and historical emphasis. While supplychain is addressed, its secondary to procurement excellence, making it a top pick for procurement specialists seeking practical tools.
Supplier Collaboration vs. Supplier Relationship Management What good is having the best suppliers if you can’t communicate well enough to leverage their products and skills? The primary goals of SRM are to foster hand-in-glove supplier relationships, manage risk, and optimize the value chain.
Skip to content The Network Effect Beyond SupplyChains Menu Home Business Networks SupplyChainManagement Logistics Resilience AI About Submit a Post Rethinking Defense SupplyChains with Network-Based Command Centers July 11, 2025 Michael Bruens Defense , SupplyChainManagement This post has already been read 125 times!
Skip to content The Network Effect Beyond SupplyChains Menu Home Business Networks SupplyChainManagement Logistics Resilience AI About Submit a Post Are Micro Fulfillment Centers the Next Frontier in Retail Logistics? In lower-density or rural regions, the return on investment is harder to achieve.
Managing a successful supplychain requires more than just ensuring products are delivered on time its about building strong, effective partnerships with your suppliers. Risk management collaboration involves working together to identify and mitigate potential risks in the supplychain.
MCIPS: The Gold Standard in Procurement Qualifications MCIPS is a globally recognized professional qualification that signifies a deep understanding of procurement and supplymanagement. It’s a structured program with defined levels that culminate in a prestigious certification.
From overcoming complex challenges to spearheading innovative initiatives, their insights have inspired us to redefine the limits of what’s achievable in procurement and supplychainmanagement! Brent Griffith Day 2: More Keynotes, Sessions, and Silent Demos!
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