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
Each supply chain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions. To build an outside-in model, and use new forms of analytics, we must start the discussion with the question of, “what drives value?”
With the chaos of the 2024 holiday season descending, the National Retail Federation predicts U.S. A recent study of home delivery sustainability found that 83% of consumers aged 18-24 and 71% of 25-34-year-olds consider the environment when making a purchase, compared to only 43% of consumers aged 65 and older.
Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.
Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. This blog explores the most common challenges in digital procurement and the capabilities that matter most.
A disruption at any point in the global logistics network including the average of 12 touch points from shipment packaging to final delivery can prove disastrous for profits, service levels, customer loyalty, and other key metrics. With the global e-commerce market predicted to reach $8.1 billion to $23.07 billion in 2023 to $13.3
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.
Dive into our curated list of the top 12 blogs from 2024 that will elevate your supply chain knowledge and give you a competitive edge. Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities This supply chain article provides a comprehensive overview of the procurement department within an organization.
The Warehouse Management System market nearly grew by $1 billion in 2024, following a robust four-year climb since the pandemic. A majority of warehouses report labor shortages, and more than 50% cite this as a significant business challenge that is only worsening.
While 18% of all consumers reported cutting back on spending, 43% of under-35s actually increased their online purchases. Furthermore, 44% of this group now buys online at least every two weeks, up from 33% in 2024. Great Expectations This cohort doesn’t just buy more—they also expect more.
SCMDOJO Academy elevates your procurement and supply chain skills through its extensive course library. Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students.
That was one of the primary conclusions of the annual logistics report released last week by the Council of Supply Chain Management Professionals (CSCMP) at a media briefing in New York. This year’s report was entitled “Navigating Through the Fog.” The CSCMP report puts an estimate on what it calls total U.S. billion last year.
Orlando, FL – October 2, 2024 – E2open Parent Holdings, Inc. NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, announced today at its annual Connect customer conference the release of its highly anticipated 2024 Forecasting and Inventory Benchmark Study.
Supply Chain Matters provides our summary and perspectives wrap up of the 2024 holiday fulfillment season. The Numbers Government data along with added adjustments by The National Retail Federation (NRF) indicates that retailers experienced a rather positive 2024 holiday fulfillment period. percent to a record $5.28
In May, the total number of job cuts in the US were 696,309 – an increase of 80% from the 385,859 jobs cut in the first five months of 2024. In May 2025, one in seven home-purchase agreements fell through resulting in the cancellation of 56,000 purchase contracts. The ripple effects are pervasive. Watch for the launch.
Black Friday 2024 is in the rearview mirror, and the results are in. from last year, with over two-thirds of purchases happening online. Stockouts and Overstock Hurt Retailers The inventory imbalance was glaring this year: 33% of shoppers ** reported being unable to find the items they wanted due to stockouts. billion , up 3.4%
In today’s dynamic market, procurement is far more than just a buying and purchasing center. Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Here are some key insights from the e-book.
Electrification continues to make rapid inroads into trucking, as the International Energy Agency (IEA) recorded an 80% growth in sales in 2024 , led by China and making it the third consecutive year of expanding sales after poor market performance from 2018 to 2021. in contrast experienced similar sales to 2023 in 2024, reaching over 1,700.
Supply Chain Matters provides readers with December 2024, Q4-2024 , and year-end global supply chain assessments as reported by various global wide PMI reporting. At the end of 2024, global manufacturing activity levels remained at a state of contraction amid international trade volume declines. value in November.
However, this year promises a significant paradigm shift where traditional performance metrics are replaced by technology-driven frameworks, as recent breakthroughs with Generative AI in supply chains have demonstrated. Enter our list of supply chain trends for 2024. The same holds for the supply chain organization.
Companies often push aside procurement compliance to focus on more pressing issues. No wonder—procurement often gets tedious and burdened with time-consuming processes. However, ignoring procurement compliance is like ignoring a ticking time bomb. Scroll down to find out: What is procurement compliance?
She also said the company planned to ask workers to return to the office five days a week in 2024. percent drop in annual sales, UPS forecast a 2024 upswing of as little as 1.1 Higher labor costs and lower package demand resulted in fourth-quarter sales and 2024 guidance that missed analysts expectations.
Within the next week, New York will be bustling with people attending fashion shows, brand events, and participating in Fall 2024 Fashion Week. These clothing companies have revolutionized how consumers purchase, wear, and dispose of their clothing. lithium refineries. Since last October, the company has spent $1.9
Issuances of common shares, net of issuance costs 3.6 The purchase price for the acquisition was approximately $112.7 Cost Reduction Initiatives Considering the economic and global trade uncertainty many Descartes customers are facing, Descartes has undertaken cost reduction initiatives designed to reduce its cost base.
Rising costs, supply chain chaos, and economic swings put businesses under enormous pressure to protect their margins. According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurementcost reduction.
In addition, the Council will conduct a supply chain review by December 31, 2024, to evaluate the impact of the supply chain on National Security Lora’s Take I think that we need to be skeptical without getting political. Maximize the value of the purchase order flow data already in the existing networks. (A
In August 2024, China announced restrictions on antimony, a metal used in defense technology. From August 2024 to December 2024, antimony shipments from China to the United States dropped 97% while prices rose 200%. In December 2024, China banned the export of gallium, germanium, and antimony to the United States entirely.
The checkout kiosks bleat and flash when you fail to set a purchase down in the right spot. Journalist Chris Gorrie reports, “Walmart’s heavy reliance on self-checkout has necessitated the deployment of workers as makeshift security personnel, actively monitoring customers for potential theft.”[2]
Uncertainty around federal and state policy changes poses a significant challenge for procurement leaders across all types of higher education institutions. Additionally, institutions must remain adaptable to changes in compliance requirements related to federal grant-funded purchases, sustainability mandates, or supplier diversity policies.
The latest round was $10M on January 11, 2024. following the reporting of fourth-quarter results. This is despite the strengths of the recent purchase of Optimity. Renames the Company Daybreak. No doubt that the company, Noodle.ai, needed a fresh start after burning through $107M in capital of five rounds of financing.
Key components of mobile inventory management include: Smartphone app: Allows field agents to log information, analyze metrics, and manage tasks even in remote areas with limited connectivity. Cloud software: Stores and distributes real-time data, producing reports accessible to all team members.
Bowman, SupplyChainBrain The European Union is on the verge of rolling out a reporting regulation that promises to have a huge impact on businesses selling into the region. The DPP “represents a significant advance in product transparency and sustainability,” according to an EU report published in September of 2024.
billion in 2024, Halloween is inching closer to Christmas-level importance for retailers and consumers alike.”[1] A year ago, journalist Christopher Wolf reported, “Spooky season is here, and it’s back in a big way. ” Costume vendors and candy makers have taken notice of what Ferrero North America calls “Adultoween.”[4]
The IDC MarketScape evaluated Direct Spend vendors for the strengths and challenges providing decision makers responsible for purchasing direct sourcing solutions with clear, actionable insight.
Leveraging advanced analytics : You can use analytics to identify top-performing suppliers as well as address any issues based on supplier performance metrics. Analytics also help you better evaluate potential suppliers, pinpoint cost-saving opportunities, and strengthen future sourcing strategies.
Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 83% of consumers with a household income of over $100,000 report that returns are important.
For AFFLINK's partners and affiliates navigating complex procurement environments, ESG integration reshapes how supply chains are built, evaluated, and optimized. With consumers and investors alike expecting higher accountability, ESG compliance has become a key differentiator in global procurement.
The Supply Chain Matters blog provides observations and additional information perspectives related to the 2025 State of Logistics report. The report points to an upcoming period of high uncertainties along with the need to fundamentally rethink supply chain resilience as a strategic imperative. Costs in all of 2024 rose a reported 5.4
”[3] The ACA also notes, “[In 2022, the] USDA Economic Research Service [reported] more than 22 million full- and part-time jobs were related to the agricultural and food sector, or roughly 10 percent of all U.S. The post National Ag Day 2024 first appeared on Enterra Solutions. employment. employment.
AI Popup #3) AI Popup #3 August 10, 2024 Dive deeper into freight data that matters Learn More For anyone who has played around with ChatGPT or Midjourney, it’s now clear that AI has the potential to be an incredible tool for enhancing efficiency and productivity. It’s been about two years since OpenAI publicly released ChatGPT.
The RTS staff reports, “The United States discards more food than any other country in the world: nearly 60 million tons — 120 billion pounds — every year. Department of Agriculture (USDA) reports, “In 2015, the USDA joined with the U.S. The post Stop Food Waste Day 2024 first appeared on Enterra Solutions.
In 2024 manufacturing trends will be centered on strategies that drive operational efficiency. The high level of pandemic-era medical, home, and leisure product demand that fueled a produce-at-all-cost approach to manufacturing operations is ending. In 2024, this is becoming less true.
Since 2023, China has increasingly placed export controls on key raw materials like gallium, germanium, and antimony, culminating in its recent December 2024 ban on exports to the U.S. May 2024 ban on imports of low-enriched uranium produced in Russia or by a Russian entity, and Russias subsequent ban on enriched U-235 exports to the U.S.,
Insights from a Former Procurement Manager People often ask me why I left FORVIA, a French global automotive supplier, to join QAD. In todays fast-paced business environment, digitalization has become a cornerstone of operational success, particularly in the realm of purchasing.
This data ranges from your interests and purchases to your online behaviors, and it is collected by websites, apps, devices, services, and companies all around the globe. Journalist Danielle James reports that a survey conducted by Cisco confirms consumer concerns about data privacy. Remind people what data they shared and when.
We organize all of the trending information in your field so you don't have to. Join 102,000+ 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