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Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
To build an outside-in model, and use new forms of analytics, we must start the discussion with the question of, “what drives value?” ” Traditional planning models optimize functional processes to improve cost and customer service. You are right. How Do You Drive Value? Your next step?
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
That is exactly the direction taken by InterSystems and their customers, as detailed at InterSystems READY 2025 in Orlando, Florida. Not just for IT departments or data scientists, but also for the people who manage daily operations, procurement leads, planners, and inventory analysts.
While SAP has had procurementanalytics solutions, last year at Spend Connect Live, SAP announced the Spend Control Tower. Daniel Chapman, the senior director of process transformation for procure to pay at Warner Music, was a keynote speaker. This solution provides insights in a much easier way to digest.
Setting the Stage The National Retail Federation’s 2025 conference has unveiled a clear vision of retail’s future, where artificial intelligence, integrated planning solutions, and customer-centric approaches are reshaping the industry landscape. Here are the key insights we gathered firsthand at this year’s event.
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than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems.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.
Subscribe Digital Procurement Improves Supply Chain! And so are your procurement responsibilities. Sometimes, unforeseen disruptions, whether a natural disaster or an internal planning issue, can throw your procurement process off course. Understanding the most common procurement hurdles can help you navigate them effectively.
In this type of environment, traditional procurement software and manual processes are insufficient – and many procurement teams are looking to artificial intelligence (AI) for answers. Key Takeaways Understand the potential impact of AI – including Generative AI & AI Agents – in procurement.
Skip to content The Network Effect Beyond Supply Chains Menu Home Business Networks Supply Chain Management Logistics Resilience AI About Submit a Post Rethinking Defense Supply Chains with Network-Based Command Centers July 11, 2025 Michael Bruens Defense , Supply Chain Management This post has already been read 125 times!
Three months into 2025, we have seen a barrage of on-again, off-again tariffs that have supply chain and logistics teams reeling, as they must rethink everything from next weeks shipping route to their foundational network models. With the global e-commerce market predicted to reach $8.1 We were wrong. billion to $23.07
Subscribe Strategic Supplier Relationship Management – Do’s and Don’ts At any given time, working with the resources of any business depends on procuring the right materials at the right time and at the right cost. Sourcing and procurement take on a meaning that transcends the mere buying of materials or services.
The landscape of public sector procurement has undergone significant transformation in recent years, driven by advancements in technology, evolving regulatory frameworks, and an increasing emphasis on sustainability. Predictiveanalytics powered by ML helps organizations anticipate procurement trends and identify potential risks.
Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supply chains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority.
listed B2B logistics platform provider e2open Parent Holdings for a reported $2.1 According to a published report by The Wall Street Journal , WiseTech expects to achieve at least $50 million in annualized run rate cost synergies by the end of the second year of ownership. In comparison, WiseTech reported $683.7
Top 3 Procurement Technologies to Embrace in 2025 Staying ahead of key procurement technology and advancements is essential for CPOs who want to improve spend cost reduction, drive strategic value, and navigate the increasingly complex procurement landscape.
What Contractors Need to Streamline Procurement in 2025 By Ian Summers (pictured) Content Writer 111 Views You’re on-site before dawn, the framing crew’s ready, but the steel shipment’s stuck in limbo, the invoice isn’t approved, and your project management app just pinged you for the fourth time.
The supply chain industry faces a transformative era heading into 2025. E-Commerce Fulfillment Trends Shaping Supply Chains in 2025 E-commerce continues to dominate retail, placing fulfillment services at the heart of supply chain innovation. Subscribe The Supply Chain Renaissance Has Begun!
To help you optimize your search for the best supply chain management software in 2025. Which is the Best Supply Chain Management Software in 2025? 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.
Artificial intelligence enhances decision-making through predictiveanalytics. Artificial Intelligence for Smarter Decision-Making Artificial intelligence (AI) is revolutionizing supply chain management by enabling predictiveanalytics. Originally written for Supply Chain Game Changer and published on February 24, 2025.
In 2025, the landscape of spare parts management is undergoing a seismic shift. The stakes have never been higher: unplanned downtime due to unavailable parts can cost organizations thousands of dollars per minute, erode customer trust, and disrupt critical operations.
What food and beverage companies need to know about tariffs: Lessons from Canada sharkins Fri, 05/16/2025 - 09:53 Tariffs have been a constant threat since the beginning of 2025, but one sector has felt the impact more immediately than most: consumer packaged goods. goods were “ rapidly dropping.”
As a result, the degree plays a growing role in boosting cost efficiency and visibility across supply chains. Procurement teams may use one platform, while logistics depends on another, and finance runs an entirely separate system. That works to a point, but without layered analytics, the models lack precision.
Photo: iStock/South_agency July 2, 2025 Helen Atkinson, Managing Editor How does a retailer stay ahead of the dizzying number of factors that go into whether it can sell what it puts on the shelves at a profit? The promise of computational power plus AI means predictiveanalytics are the way forward, Petro says. AI can help.
Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. Numbers speak louder: According to Procurement Tactics’ top procurement trends in 2025 , 83% of CPOs prioritize digitization. Keep reading to learn: What Is ERP in Procurement?
This comprehensive guide explores the top route planning software of 2025, providing detailed insights into their key features, route quality, user ratings, and pricing to help you select the ideal solution tailored to your business needs. Complexity: OptimoRoute is packed with features, but that depth can come at a cost.
In 2025, rising costs in the delivery business, tighter delivery windows, and growing customer expectations mean that “good enough” directions from a free app like google maps just don’t cut it anymore. Ratings pulled from G2 spring 2025 grid for our delivery service. Upper Ease of use 500-stop import, clean UI $120/mo No 4.6
In 2025, efficient spare parts inventory management is no longer a competitive advantage — it’s a business necessity. Obsolete stock, fragmented procurement workflows, and disconnected data only make the challenge harder. Supplier Performance Ranking Assesses suppliers based on fulfillment capabilities and cost-efficiency.
To call todays supply chain environment high pressure feels like the understatement of 2025. At the same time, companies have been forced to pull forward inventory purchases, creating a squeeze where carrying costs are up while cash flow is tight.
In 2025, efficient spare parts inventory management is no longer a competitive advantage — it’s a business necessity. Obsolete stock, fragmented procurement workflows, and disconnected data only make the challenge harder. Supplier Performance Ranking Assesses suppliers based on fulfillment capabilities and cost-efficiency.
In 2025, the landscape of spare parts management is undergoing a seismic shift. The stakes have never been higher: unplanned downtime due to unavailable parts can cost organizations thousands of dollars per minute, erode customer trust, and disrupt critical operations.
In 2025, we will likely see many supply chain organizations creating multi-purpose COEs that carry out several different processes. They also perform P2P transactions, analytics studies, business intelligence, and other work. As the different activities of a COE mature, the degree of influence and control over activities becomes lower.
Mastercard , which utilizes tracking data related to all forms of payment transactions, excluding automotive sales, reported that retail sales increased 3.8 Mastercard reported that shopping for gift items was higher in 2024 with apparel sales increasing 3.6 Retail sales for the full 2024 year were reportedly grew 3.6
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.
They help manufacturers and distributors foster loyalty and encourage bulk purchasing. Automated systems also enable more consistent and timely reporting, allowing businesses to identify and address discrepancies quickly. Real-time reporting: Providing up-to-date insights for informed decision-making.
It also demystifies AI, making it more accessible to operations professionals who havent traditionally worked with advanced analytics. Program aimed at helping businesses unlock rapid results from their existing tech stack no new integrations, no delays, just immediately actionable insights for measurable outcomes.
Top 10 Data Extraction Tools in 2025 By Rob Jackson (pictured) Content Writer 101 Views Let’s be real: in 2025, the phrase “data is the new oil” is about as fresh as a three-day-old cup of office coffee. The Rest of the Top 10 Data Extraction Tools in 2025 2. The right data extraction tool. Let’s dig in. minute breeze.
In 2023, the National Institute of Standards and Technology (NIST) reported that 62% of organisations experienced a supply chain-related cyber incident. The average dwell time (how long they stay before getting caught) is 212 days , according to IBM’s 2024 report. Most of them didn’t see it coming. Why Attack the Supply Chain?
It also demystifies AI, making it more accessible to operations professionals who haven’t traditionally worked with advanced analytics. Program aimed at helping businesses unlock rapid results from their existing tech stack – no new integrations, no delays, just immediately actionable insights for measurable outcomes.
Mastering Inventory in 2025: Key Trends Watch Webinar Now WATCH WEBINAR Understanding the difference between the bullwhip effect and the inventory accelerator is essential for effective inventory management. Using advanced analytics to predict future demand can help manufacturers better align their production with actual market needs.
He further established the case for why supply chain teams needed context to integrated sourcing along with procurement. In todays business environment, a B2B focused product demand, sourcing, procurement supply and customer fulfillment network alignment is essential.
With increasingly complex delivery models, shorter delivery windows, and rising operational costs, businesses can no longer afford inefficient routing strategies. This guide will walk you through everything you need to know about efficient routes, what is route optimization, how it works, and why it’s critical in 2025.
In todays complex and often volatile global environment, procurement leaders face mounting pressure to cut sourcing costs while navigating geopolitical instability, inflation, tariffs and talent shortages. When I started working with KION five years ago, they faced fragmented procurement processes across regions. The outcome?
The company’s innovative approach to securing the supply chain has earned it recognition as a winner of the 2025 FreightWaves Fraud Fighter Awards. Fraudulent operators employ sophisticated tactics, from stealing login credentials to purchasing unused MC numbers, allowing them to impersonate legitimate companies.
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