article thumbnail

Ocean Freight Procurement and Going with the Stream

Freightos

Not that long ago, they were the only way people listened to music, peaking at 23 million units sold in Q1 2009. The annual fixed-price contract is the current go-to for ocean freight procurement. Just like streaming replaced that iPod as a better way of listening to music, ocean freight procurement now has a better way.

article thumbnail

Uh-Oh! Insights On How P&G Failed And What This Means For You

Supply Chain Shaman

The company transitioned from an innovator in the 1990s to a late adopter in the last decade. While the company’s investments in manufacturing scheduling and demand sensing improved outcomes, the organization under-invested indirect procurement and network design. Yannis transitioned from the role after eight years in 2019.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The expanding scope of procurement analytics: Some initial thoughts

NC State SCRC

Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019).

article thumbnail

Associated Grocers of New England Selects HIMPACT

Herlitz Inventory Management

October XX , 2021, Cambridge, MA – Herlitz Inventory Management , leading innovator in scientific demand forecasting, replenishment and optimization, announced that Associated Grocers of New England (AGNE) has selected HIMPACT as its new purchasing system. “As About Herlitz Inventory Management.

article thumbnail

HICX raises $30M to help companies optimize supplier experience

HICX Solutions

Vaibhav Nalwaya, co-founder and managing partner at Wavecrest, said, “The last three years of global turmoil have highlighted the importance of the mutually beneficial customer-supplier relationship and yet the incumbent procurement and supply chain tech stacks often actually add friction and complexity. ABOUT HICX.

article thumbnail

Unlearning Supply Chain Management

Talking Logistics

The near-infinite processing power Cloud computing provides (along with other technological innovations) will cause everyone in the supply chain and logistics field to unlearn the way we’ve always done things, everything from the way we design software applications to how we design and manage supply chain processes.

article thumbnail

Biogen Idec designs the innovation supply chain

Supply Chain View from the Field

” In 2009, I moved into the supply chain area, and worked with Rob in understanding how to apply analytics with a procurement focus. In 2009 we were $2B, and suddenly had five new drugs approved in two years. We have 7000 employees and are growing into a$10B company. which is a 90 day process.