article thumbnail

Agile Strategic Sourcing for a Resilient Supply Chain

The Logistics & Supply Chain Management Society

The complexity and interconnectedness of the global supply chain have led to organisations becoming more dependent on suppliers than ever before. Hence, businesses must undertake the strategic sourcing process to mitigate risks in an uncertain environment and improve retail competition.

article thumbnail

How Artificial Intelligence is Boosting Supply Chain Performance

Logistics Bureau

Warehouse management is increasingly making use of machine learning technology, which can extract an avalanche of data to calculate the time needed to perform warehouse tasks and balance pick density targets. Procurement Communications. AI-based applications can extract data from multiple sources and provide answers in seconds.

Insiders

Sign Up for our Newsletter

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

article thumbnail

6 Ways Energy Companies Can Benefit from Procurement Technology

EC Sourcing Group

The energy sector faces several unique procurement challenges, such as complex supply chains, volatile commodity prices, strict regulatory requirements, and the need for sustainable and socially responsible sourcing. Cost Optimization : Commodity prices in the energy sector can be highly volatile.

article thumbnail

Supply Chain Innovation + Automation: How Körber is Positioning Procurement for the Future

ivalua

Today, organizations are looking to build supply chain resilience and maximize opportunities for growth as we pivot and prepare for unexpected global events. . At our annual Ivalua NOW event in Paris, France–Ivalua asked, “Is your procurement team prepared to respond to unexpected supplier chain issues with speed and agility?”.

article thumbnail

The introduction of E-Procurement.

ModusLink Corporation

The introduction of E-Procurement: Price and availability are not the only factors to be considered in a purchasing decision, especially now that a strong supply chain has become an unmissable element for every company in today’s business climate (Namulo, 2017).

article thumbnail

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

GlobalTranz

Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. Isn’t time important? What kinds of "time" measurements exist?

article thumbnail

A Long Road Ahead for Procurement Professionals Managing Their Supply Chains

ModusLink Corporation

Supply Chain Management In the ever-evolving world of freight and logistics, volatility has become the new normal. Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. But what does that mean for future strategies in procurement ?