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Home Making Logistics Data Actionable: Insights from Freightos and Gryn July 7, 2025 Blog Data is the backbone of efficient decision-making. However, transforming raw data into actionable insights remains a significant challenge for many logistics organizations. That’s the reason why you are collecting data.”
Traditional supply chain planning, which relies on historical data and reactive adjustments, is no longer adequate for managing these challenges. A 2023 McKinsey study found that companies relying on reactive supply chain management lose up to 10% of annual revenue due to inefficiencies and missed opportunities.
As supply chains 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. They can learn and improve over time, as they collect new data and feedback.
As supply chains 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. They can learn and improve over time, as they collect new data and feedback.
For example, if I improve the cost structure in transportation, procurement, manufacturing and sales independently, what decision support framework decides the right trade-offs? The history of this research effort with Georgia Tech ISYE uses Y-Chart data. The data outcome is open source and can be used to improve project outcomes.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.
That tightly integrated advanced planning (APS) coupled to Enterprise Resource Planning (ERP) using order data is sufficient. Figure A: Beverage Industry Aggregate Industry Trend 2014-2023 Figure B. Chemical Industry Aggregate Trend for the Period of 2014-2023 Figure C. Functional Metrics and the Lack of Alignment to Strategy.
Featuring Our 12 Best Procurement Articles! Recognizing this need, Procurement Tactics, a pioneering player in the procurement industry, has introduced its game-changing Price Tracker tool – an innovative solution that promises to reshape the way procurement professionals approach price monitoring.
Interestingly, in Q3 2023, 38% of manufacturers, distributors and retailers missed their target for revenue guidance for the quarter. IoT capabilities can help integrate a digital ecosystem of connected systems that provides users with relevant and updated data to make the most informed decision at all times.”
Driving decarbonization with technology In 2023, the SAP CPO Think Tank community has been closely examining how companies can accelerate supply chain decarbonization. This blog highlights key strategies from these recent forums on sustainable procurement and practical tips to achieve impactful results. How can technology help?
As of 2023, 67% of all American households have an Amazon Prime subscription, and Amazon owns 38% of the e-commerce market in the US. Would Amazon be successful without giving users an abundance of data? Bringing the Amazon Online User Experience to Procurement What might an Amazon-ified system look like?
Everything from procurement to last-mile delivery comes under the supply chain umbrella, and boosting efficiency here drives better business results. Companies store their data in on-premise and third-party servers, leading to a sprawl that is challenging to monitor.
Charting the Course to Sustainable Transportation: Our Journey to a Greener Future Introduction At LogiSYM Platinum in October, 2023, t he LSCMS Shippers Council recently hosted a round table event, bringing together key players in the logistics and supply chain management sectors to discuss the pivotal theme of sustainable transportation.
Outfitters expertise, along with these data-driven insights allow customers to find their best-fitting footwear. The Implementation of Autonomous Mobile Robots The company went live with autonomous mobile robots from Locus Robotics in October of 2023. Better inventory accuracy also improves procurement.
Supply chain and procurement executives should urgently pay heed to the need to make sure it is distributed to them, said Jay Koganti, vice president supply chain at the Center of Excellence of Estée Lauder , during a presentation titled “ AI Trends Transforming Supply Chain – and How Leaders Should Respond,” at the DPW New York conference June 11.
Exiger is the only company capable of identifying the holistic supply chain impacts of critical minerals from technical data packages. In our work with a large DIB manufacturer, Exiger identified additional impacted parts by analyzing technical data packages and master production schedules. WATCH NOW: On Alert: China Ban Crimps U.S.
Smart contracts – Blockchain-based smart contracts increase procurement efficiency and transparency. Supplier risk analysis – Using AI and big data to monitor suppliers continuously reduces risk. Control towers – Centralized data hubs for end-to-end visibility and agile decision-making.
Today, however, TGW Logistics is also benefiting from significant cost savings: in 2023 alone, process costs were reduced by around 2.4 ” This can be seen, for example, in the area of e-procurement: last year alone, TGW Logistics placed over 55,000 orders with suppliers, all of which were triggered in SAP and transmitted to JAGGAER.
The Announcement Specifically announced was SAP Business Data Cloud , a new platform that reportedly will unify all SAP and third-party data throughout an organization, providing the trusted data foundation organizations need to make more impactful decisions and foster reliable AI.
It must address various demands, including indirect procurement requests, project and manufacturing requirements, and external customer demands. Software solutions and third-party inspection services are made to gather and track supplier safety and environmental data.
Cross-functional teams: Forming cross-functional teams that involve representatives from various departments, such as procurement, production, and logistics, can enhance collaboration and enable a holistic approach to lead time reduction. Originally written for Supply Chain Game Changer and published on August 5, 2023.
Citing data generated by Consumer Intelligence Research Partners , during the month of September, newer Apple iPhone 16 models accounted for 20 percent of total U.S. That compared to a cited 29 percent of iPhone 15 sales during September 2023. billion at the end of 2023 to a reported $69.9 iPhone sales.
billion in 2023 to $63.77 North America continues to dominates the market, with a 32.49% share in 2023. For example, they can support managers by processing large amounts of data, then analyzing proposed decisions to address complex operational and tactical challenges. billion by 2032, a compound annual growth rate of 11.7%.
Insights from a Former Procurement Manager People often ask me why I left FORVIA, a French global automotive supplier, to join QAD. As organizations strive to remain competitive, the need for efficient procurement processes has never been more critical.
Emergency Procurement: During natural disasters or other unexpected events, the supply chain may be disrupted. Data Backup: In the digital age, data security is paramount. Casinos regularly back up their essential data, including customer records and financial information, to secure off-site locations.
Points of Connectivity A Digital Supply Chain requires the collection of all possible electronic data from every node in the network in real time. But all of this starts and ends with the collection of electronic data. Data must be collected at every node: 1. If you don’t have it then you don’t have real time data.
In a posting published in October 2023 we highlighted a then published report indicating that activist hedge fund Eliott Management was considering making a proposal to take E2open Parent Holdings private. Tom Thimot, who has served as CEO since 2023, will reportedly transition to serving as Advisor to the CEO.
Whether it’s for design collaboration, procurement coordination, or regulatory compliance, being able to communicate across languages with speed and precision is critical. Public machine translation tools can compromise confidentiality, leaving sensitive documents vulnerable to data breaches and regulatory non-compliance.
government contracting data. This graph from DDIQ Analytics shows a ~44% jump (from 2022 to 2023) in federal contracts awarded to U.S.-based But Northstar ceased Mo-99 production at the end of 2023, citing an inability to compete with foreign-government subsidized competitors and increasing raw material and reactor irradiation costs.
Freight Market Adjustments and Rate Trends Spot Rate Fluctuations After sharp declines in 2023, freight rates are beginning to rebound in 2025 due to rising demand and tightening capacity. Data-Driven Decision-Making in Freight Procurement Advanced Transportation Management Systems (TMS) enable: Carrier vetting and rate comparison.
Over the course of 2023 and continuing throughout 2024, we have celebrated progress while remaining focused on continuing to meet specific ESG targets. In 2023, JAGGAER’s total greenhouse gas (GHG) emissions amounted to 8,699 tonnes CO2e, with Scope 3 emissions comprising 92% of this total.
As per Gartner’s Prestigious 2023 Market Guide for Analytics and Decision Intelligence Platforms in Supply Chain , ThroughPut AI was recognized as a leading vendor in this space. It integrates data from external systems, like SAP ERP, to enable seamless demand and supply balancing, real-time visibility, and advanced scenario simulations.
This data was compiled from Resilincs EventWatchAI , a risk monitoring database provided to customers. In 2023 , a worker strike among delivery and logistics workers at parcel carrier UPS was characterized by The Wall Street Journal as being “ the largest collective bargaining agreement involving a private employer in North America.”
Outsourcing logistics allows companies to leverage these advanced systems and data analytics capabilities without the high costs of ownership. Originally written for Supply Chain Game Changer and published on November 6, 2023. This can help streamline supply chain processes, improve visibility, and assist in planning and optimization.
Similarly, supply chains can leverage smart contracts to automate various stages of the procurement and distribution process. Enhanced Security Measures Bitcoin casinos prioritize security to ensure the integrity of transactions and protect user data. Originally written for Supply Chain Game Changer and published on August 14, 2023.
To meet this moment, health systems must adopt a more resilient, transparent, and data-driven approach, powered by digital transformation. billion in clinics in 2023, with continued increases projected. Automation fed by real-world data can streamline operations, eliminate redundancy and accelerate response times.
Between 2021 and 2023, attacks jumped by 431% , and reports show this number will likely keep rising throughout 2025. Ransomware payments in 2023 exceeded the $1 billion mark — the highest number ever seen. These threats are hazardous to supply chain contacts because insiders often have special access to critical systems and data.
Prediction Background According to data from Pitchbook , U.S. based Advanced AI start-ups raised a record $209 billion in 2023, and a further record of $97 billion in 2024. The complexity, velocity and repetitiveness of data streams, and where humans need to continually be in or out of the loop must further be addressed.
That includes not only the business and supply chain product and business process competencies, but also the data interconnectivity, along with the strategic, tactical and operational decision-making support needs. That especially applies to aircraft engines.
Ali Ghodsi, Co-Founder and CEO of Databricks indicated to the publication that this deal addresses a challenge that businesses face when considering deployment of AI agents, specifically how to integrate the data needed to deploy agents. Cirtuo is a recognized leader in procurement spend category management.
The World Procurement Awards celebrate excellence in procurement and represent the pinnacle of professional achievement. The awards spotlight the best practices and transformative strategies shaping the future of procurement. The whole team is thrilled that our work has been showcased in this way.
Definition: Financial forecasting is a projection of the company's future financial performance based on historical data, market research, and business needs. Financial forecasting has gone from a 'nice-to-have' to a must-have for procurement and financial planning teams. Finally, what is financial forecasting?
In August of 2023, after these multiple delays, the U.S. The uniqueness, or with some like Supply Chain Matters would argue is the inherent dysfunctional nature of drug and healthcare supply chain networks, requires an inherent native knowledge of this industry’s existing or sub-optimal physical, data and information needs.
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