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In today’s architectures and functional metrics, value optimization does not exist. And, when procurement and tactical planning operate in isolation, there is no decision support framework to guide the trade-offs especially when the functions are tethered to different and conflicting metrics. You are right.
We’ve seen AI take over everyday tools and search engines; AI in Sourcing and Procurement is becoming a strategic tool in our kit, At Ivalua, we are helping global procurement teams integrate AI across the Source-to-Pay process, bringing automation, insight, and agility to every step. This is where AI can make a huge difference.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. This article delves into how these two elements, working together, can transform procurement strategies into long-term competitive advantages. Click here!
Schneider Electrics new Environmental Data Program gives logistics professionals unprecedented access to carbon and sustainability metrics, covering over 70% of its product turnover. This move empowers companies to make more informed sourcing decisions, comply with ESG standards, and build greener operations.
He also spoke at the ARC forum in 2023, and this article is based on that presentation as well. They prepare equipment for maintenance, do isolation (disconnect a piece of equipment from the flow of chemicals by closing valves), look at quality or reliability metrics, and do rounds. Al Syed elaborated. Industrial data is voluminous.
At a high level, procurement focuses on sourcing the goods and services an organization needs, while supply chain management oversees the broader flow of those goods, from raw materials to end customers. Supply Chain Management (SCM) involves orchestrating a product’s or service’s entire lifecycle, from sourcing and production to delivery.
imports, according to Maersk’s container-weighted effective average tariff rate metric,” the company said. “At companies in apparel and fashion have shifted their sourcing, and have reached “single-digit” dependency on Chinese manufacturing, said Maersk Chief Commercial Officer Karsten Kildahl, in the update. “[O]ther in June, 2021.
Timely, incisive articles delivered directly to your inbox. Bowman, SupplyChainBrain Watch: What’s in DOJ’s New Guidelines for FCPA Enforcement? More from this author Subscribe to our Daily Newsletter! Featured Product Popular Stories End to De Minimis Slows Flow of Air Cargo from China to U.S.
This supply chain article will focus on the importance of packaging in businesses to help you determine the best packaging systems for your brand. Furthermore, supply chain management involves product planning, raw material sourcing, manufacturing, warehousing, shipping, and distribution.
Situational needs like these often guide short-term freight decisions, and over time, those choices can influence broader sourcing and shipping strategies, too. Increasingly, companies are weighing transportation efficiency as a factor in where and how they source. Timely, incisive articles delivered directly to your inbox.
Whether you’re sourcing from different warehouses or shipping to various branches, VRM tools help track and manage vendors across multiple locations. Kechie ERP with VRM capability helps you monitor metrics like delivery times, product quality, and order consistency. In This Article Why is Vendor Relationship Management Important?
Still, in this article, I will help you evaluate the need for supply chain and logistics KPIs in your organisation, and identify which types of measurement might be most appropriate. Unlike most of the KPIs we recommend, perfect order is a composite of several elementary metrics. Which ones to use?… … How many to use?
In this article, we explore what true end-to-end visibility looks like, the tools that enable it, and how companies like Trans Audit help make sense of it all. Different carriers and logistics providers often use proprietary formats, making it difficult to consolidate data into a single source of truth.
Sourcing As an employer, it’s your responsibility to find and choose business partners. Costs The cost of labour and materials is one of the most crucial metrics to pay attention to. Supply Chain efficiency article and permission to publish here provided by Megan at Eleven-Tenths.
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In this article, well explore proven strategies to safeguard your supply chain, minimize risks, and keep your business running smoothly, no matter what obstacles lie ahead. Geopolitical issues: Trade wars, tariffs , political instability, or regulatory changes that affect sourcing.
If a major customer leaves, an AS/RS investment could become a stranded asset that sits on the balance sheet and drags down financial metrics such as return on asset (RoA) or other profitability measures. RELATED CONTENT RELATED VIDEOS Robotics Warehouse Automation Related Articles Watch: P2G or G2P Robotics?
In this case, gen AI gathers insights from this data, while agentic AI autonomously adjusts sourcing strategies for supply chain risk mitigation. Timely, incisive articles delivered directly to your inbox. Consider an AI solution that analyzes supplier locations by region and the potential effects of a new tariff.
Timely, incisive articles delivered directly to your inbox. Zebra Navigating the Future of Demand Forecasting More from this author Subscribe to our Daily Newsletter!
The key to successful supplier collaboration lies in having a single version of the truth—a consolidated source of data that everyone in the supply chain can rely on. According to an article by Supply Chain Dive , this can be challenging considering only 6% of companies report having full visibility across their supply chains.
Bowman, SupplyChainBrain In the rush to adjust sourcing strategies in line with current trends in international trade, the answer might be to think small. And they can identify alternative sources in the event of a disruption in the primary supply line, whatever the cause. Timely, incisive articles delivered directly to your inbox.
The regulation is designed to provide European consumers with extensive data about the provenance of the items they purchase, all the way back to the sourcing of raw materials. Beyond the promotion of ethical sourcing, it’s also about “how we can extend the life of products,” Balaam says. Featured Product Popular Stories J.B.
For clarity in this article, LSP is an umbrella term covering 3PLs, freight brokers, freight forwarders (FFWs), 4PLs—any party that both plans and executes freight on behalf of shippers. Carrier scorecards – live on-time, dwell, and cost metrics that steer freight to the best performers.
In this article, we explore why real-time visibility and accurate data are essential for optimizing transportation spend — and how verified, audit-backed data can unlock smarter planning, tighter cost control, and stronger carrier relationships. However, this data often suffers from: 1.
The Cost Performance Index (CPI) is a financial efficiency metric used to measure cost performance in projects and operational activities. indicates cost inefficiency, signaling a need for supplier negotiations or alternative sourcing strategies. What is the Cost Performance Index (CPI)? According the research paper by Winanda et.
From the start, negotiate terms that benefit both parties and establish clear performance metrics to track progress. Strategic sourcing, supplier collaboration, and bulk purchasing agreements can help optimize both cost efficiency and quality. Article and permission to publish here provided by Gracia Chinguel. Diversification.
metric tons per person and in the European Union 5.66 metric tons per person. metric tons. Lets now break that down into the various stages in the traditional upstream source-to-contract (S2C) processes. And it is those of us in the richer countries (i.e., By comparison, in India the figure is just 2.5
In this article, we’re going to look at how role-based training and supply chain training courses play a crucial role in improving team collaboration and efficiency. For example, a logistics professional with insights into procurement can anticipate potential delays in sourcing materials.
Oil and gas production is more than just an energy source—it is the backbone of modern industrial progress and global trade. This article embarks on a journey to unravel how the industry’s dynamic processes are reshaping operational paradigms and driving global competitiveness.
Geopolitical conflicts, social changes, new market conditions, or adverse weather conditions are sources of disruption in supply chains that must be taken into account. Article and permission to publish here provided by SERPpro. Originally written for Supply Chain Game Changer and published on January 27, 2025.
By the time I have finished writing this article, and certainly before it is published, the situation will have changed. She found that the best combination of metrics to evaluate total cost is a balanced scorecard of revenue per employee, operating margin, inventory returns, and return on capital employed.
When everyone operates from the same source of truth, decision-making gets faster, more accurate and far less dependent on legacy processes. Which Metrics Matter? Still, a few metrics consistently rose to the top of the conversation, signals that seem to cut across company size, geography, and service model.
For smaller fashion brands, as highlighted by Glossy , the financial burden of tariffs can be especially acute, often forcing them to absorb higher costs or shift their sourcing strategies entirely. Timely, incisive articles delivered directly to your inbox. China tariffs continues to evolve, impacting industries from tech to fashion.
This article will go over the procurement compliance definition, the types of compliance, and the best practices to keep procurement both compliant and agile. Recent policies cover sustainable and ethical efforts, such as sustainable sourcing , diversity initiatives, and environmental impact. Unsustainable sourcing.
In 1992 Harvard Business Review published a seminal article, Staple Yourself to an Order. If you have adopted a logistics sourcing strategy based on lowest cost, you will in all probability be one of the worst affected by the bullwhip effect when things get tight.
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Well-established organizations typically have dedicated risk management teams; however, they often work in a reactive mode, relying on outdated or infrequently updated data sources. This article examines how combining PLM with AI-driven supply chain insights helps companies make better business decisions and navigate current uncertainties.
As such, this article explores why accurate documentation is not just administrative busywork but the backbone of logistics operations. To actively reduce manual errors and benchmark performance, SCMDOJO’s Logistics KPIs Excel Template offers a ready-to-use tool that tracks efficiency metrics directly tied to documentation quality.
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Timely, incisive articles delivered directly to your inbox. Helen Atkinson, Managing Editor Report From DPW: What’s Next for AI in Supply Chain? More from this author Subscribe to our Daily Newsletter!
In this article, we’ll delve into the challenges of stock balancing, explore effective strategies, and examine how this often-overlooked practice can significantly impact your bottom line. These metrics provide quantifiable data that reveals the impact of stock balancing efforts and identifies areas for improvement.
Resource Link: www.HaiRobotics.com RELATED CONTENT RELATED VIDEOS Technology Robotics Warehouse Automation Warehouse Management Systems Related Articles Four Things Every Employer Should Know About Supply Chain Law Related Directories SnapFulfil Tecsys, Inc. Timely, incisive articles delivered directly to your inbox.
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