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
Global conflicts, macroeconomic shocks, and shifting global trade routes are all combining to provide real challenges to modern supplychains, and are driving the uncertainty that organizations feel. Companies often struggle to plan for such challenges, which is why developing a strong and resilientsupplychain team is so important.
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.
From rule-based systems to predictive analytics and the generative AI boom, businesses have leveraged these technologies to optimize operations, forecast trends, and create data-driven strategies. This leap in AI capabilities is revolutionizing industries, and AI-driven supplychainmanagement is no exception.
Supplychains are the backbone of global trade that ensure the smooth movement of goods and materials across industries. One of the most effective strategies for building resilience is integrating project management into supplychain operations. Increase efficiency by standardized processes and workflows.
Best-in-Class for Healthcare SupplyChainManagement? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
By fostering these relationships, businesses can ensure stable supplychains, consistent quality, and even access to supplier innovations. According to a McKinsey report, firms that develop strong supplier partnerships are 35% less likely to experience significant supply disruptions.
In the intricate web of commerce, the strength of a business lies not just in its own operations but also in the resilience of its supplychain. Amidst the dynamic landscape of global trade, Dun & Bradstreet emerges as a beacon of support for businesses seeking to fortify their supplychain strategies.
I can help procurement practitioners dramatically improve ProcureTech implementation timelines, ROI, supplychainresilience, riskmanagement, tariff management, and overall implementation success. So, here are my answers to both questions: YES and YES! And just remember, YOU asked me!)
In teh intricate web of global supplychains, resilience is the key to withstanding the unpredictable challenges of today’s dynamic business landscape. One key advantage of using graph databases in inventory management is their ability to enhance the resilience of supplychains.
The global economy runs on efficient supplychains. The SCMDOJO SupplyChain Track offers a comprehensive supplychain training program to equip you with the knowledge and skills to excel in this dynamic field. It’s your one-stop shop for a complete supplychainmanagement pathway.
The COVID-19 pandemic, along with disruptions such as Brexit, trade wars, and geopolitical tensions, has highlighted the need for business leaders to take a closer look at their supplychains to strike a balance between resilience and efficiency.
The COVID-19 pandemic, along with disruptions such as Brexit, trade wars, and geopolitical tensions, has highlighted the need for business leaders to take a closer look at their supplychains to strike a balance between resilience and efficiency.
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. contract negotiation, risk mitigation) gives it the strongest alignment with core procurement practices. Its emphasis on actionable strategies (e.g.,
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.
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 riskmanagement. CIOs recognized procurements role in optimizing IT spend and driving efficiency.
Supplychains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. However, they are also susceptible to disruptions and risks. Enhancing supplychainresilience as well as supplychain visibility is crucial in today’s interconnected world.
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.
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. Demand Management: Work with internal stakeholders to understand their needs and identify opportunities to reduce consumption or find alternative solutions.
For businesses to succeed, supplychainoptimization is essential to succeed. Supplychainoptimization can achieve this with the help of data analytics. They can understand their supplychain operations with more precision. They can understand their supplychain operations with more precision.
In recent years, there has been a significant shift in the supplychain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supplychain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.
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 optimizingsupplychain performance and achieving long-term business success.
4] Automated Supplier Management is the New Standard: From onboarding to performance monitoring, automation tools are improving accuracy, compliance, and vendor relationships while easing the administrative burden. [5] 7] This proactive approach supports continuity and reduces the impact of supplychain disruptions.
As we are coming to the end of the year, procurement and supplychain leaders across industries initiate their annual strategic planning process for the next year. We have shortlisted 7 C ritical T rends that will help supplychain leaders and practitioners to build a strategic blueprint for 2023 and beyond.
In a rapidly changing world, the realm of supplychainmanagement stands at the forefront of innovation and adaptability. The YouTube video titled “embrace Uncertainty: SupplyChain Superheroes & Future Innovations!” Embracing uncertainty is the mark of a true supplychain superhero.
His Proprietary Historic Industry Archives include decades of case studies, articles, and insights, such as the Nokia-Ericsson supplychainrisk study or his work with the Department of National Defence (DND) on indirect materials procurement. Tariff Mitigation and RiskManagement: Hansens insights on supplychainrisk (e.g.,
CTA April 28, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. Gaps and dysfunction in the supplychains and a lack of visibility are making it difficult to support Environment, Social, and Governance (ESG) initiatives. Those are three hot topics in the enterprise today.
Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. According to SupplyChain Now’s Greg White, the cracks have been exposed and there is nowhere to hide.
Research reveals a rise in disruptive incidents deep in the supplychain. What is the optimal way to categorize your suppliers so that you can manage them better and maximize business continuity? of organizations experienced supplychain disruption in 2019 compared to 56.5% 2019 Disruption Levels 51.9%.
When Mother Nature almost always manages to present disruption of human plans for centuries, can supplychains be an exception? The devastating impact of bad weather on supplychains is a recurring challenge. This highlights the vulnerability of supplychains to even seemingly localized weather events.
What is SupplyChainManagement (SCM) SupplyChainManagement (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimizedsupplychains lead to improved profit margins.
The adoption of digital procurement solutions has accelerated over the past two decades, driven by the need for automation, cost savings, riskmanagement, and supplychainresilience. The Real Question When I asked ChatGPT, “What are the implementation success rates of the above companies?
Here are the top 3 concerns likely to dominate the agenda for CPOs in 2025: SupplyChainResilience and RiskManagement Sustainability and ESG Compliance SupplyChain Visibility Conclusion: CPOs in 2025 will need to navigate a complex, fast-changing landscape shaped by technology, sustainability, and global uncertainty.
Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. How can procurement help achieve those aims through better supplier relationships and spending optimization? Supplier Management Supplier management is a critical component of the procurement process.
According to the Logistics Bureau , strategically reducing supplychain costs can substantially boost net profits, while the scope for potential reductions remains wide open. This is especially the case as supplychains become increasingly complex and digitalized.
Use case 1: AI for modernization and business model expansion AI-powered tools can be incredibly valuable in optimizing and modernizing business operations throughout the customer journey, but it is critical in the commerce continuum. This content includes product descriptions, images, videos and even interactive experiences.
These experts don’t just handle the purchasing, but they also bring in their knowledge, skills, and technology to streamline the process, managerisks, and ultimately, unlock greater value for the business. The Need for Outsourcing Procurement Services Managing procurement in-house can pose a host of challenges for businesses.
It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. AI can analyze vast amounts of data to identify trends, predict future demand, and suggest optimal buying decisions.
By measuring key aspects of the procurement process, these metrics provide insights that can drive significant improvements in cost-efficiency, operational performance, and supplychainresilience. Importance and Impact on the Organization – Delivery metrics are vital for maintaining a smooth and efficient supplychain.
Within this domain, spend analysis plays a pivotal role in enabling informed decision-making and optimizing procurement processes. Process Optimization: Redesigning procurement processes to eliminate inefficiencies, minimize manual interventions, and enhance collaboration among stakeholders.
What are the primary supplychainmanagement trends for 2019? Let’s dig into the future supplychain trends that could transform your supplychain and logistics operations! SupplyChainResiliency and RiskManagement. Distributed Inventory. Digital Twin.
The pandemic and resulting supplychain disruptions have added extreme pressure on the health and pharma sector to address shortages quickly and efficiently. Constrained supplychains and the associated shortages have resulted in mounting pressures for organizations to diversify their supplier bases.
From April 2021’s “ A New Paradigm For Procurement ”: “As enterprises increasingly depend on an expanding and evolving supplier ecosystem, better optimization of strategic planning and procurement is paramount. We all remember the early days of the pandemic and shortages in critical medical supplies. Take the Next Step.
Headings: Market Overview: The SupplyChainRiskManagement market is set to experience ample growth from 2025 to 2032. Companies are increasingly looking to invest in technologies that offer real-time monitoring, predictive analytics, and supplychain visibility.
In the intricate web of global commerce, the supplychain serves as the beating heart of countless industries, ensuring the seamless flow of goods from production to consumption. As we look ahead to 2025,the landscape of supplychainmanagement is poised for meaningful evolution.
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