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Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore.
Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses. Ready to Transform Your Freight Operations?
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Were raising the bar.
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Were raising the bar.
Sudden tariff increases can quickly make a cost-optimized procurement strategy untenable, leaving companies scrambling to adjust. Procurement is another area seeing change. First, overreliance on a narrow group of suppliersespecially those in politically sensitive regionsexposes companies to risk when trade relationships shift.
Ivalua, a global leader in spend management , and Capgemini, a global IT services and consulting firm, today announced that after a comprehensive evaluation of available technology solutions, the Volkswagen Group has chosen Ivalua’s platform to digitize its global indirect procurement processes for the Group’s entire brand portfolio.
East Asia – April 29, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Blog Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 1% to $2,328/FEU. China – N. Europe – N.
The days of quarterly reviews and annual procurement cycles are giving way to a much more dynamic, responsive approach to supply chain management. Having everything connected from market intelligence to tender procurement to actual bookings transforms how shippers operate. However, this specialization has created its own challenges.
Judah Levine November 21, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) decreased 8% to $1,573/FEU. Europe prices (FBX11 Weekly) decreased 7% to $1,291/FEU.
The key to Zara’s ability to establish an agile Supply Chain rests on the following unique approaches: Procurement Methodology: Zara’s Procurement team doesn’t work on the number of finished clothes but on the quantity of raw materials needed to manufacture the clothes. Zara’s Supply Chain Approach.
Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. The lack of chassis and the need to return empty containers to Asia paralyzes North American ocean freight. The Emergence of Logistics as Constraint.
SYDNEY, Australia, 1st July 2025 – JAGGAER, the global leader in source-to-pay and supplier collaboration, today announced the expansion of its global alliance with BearingPoint through a new reseller agreement in the Asia-Pacific region.
In the spring of 2022, Asia/US ocean container rates resumed pre-pandemic levels and congestion eased in November 2022 into California ports. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. Yes, we have achieved greater normalcy in transportation. Shift in cycles.
The Suez Canal is the shortest route for container traffic from Asia to the Mediterranean and Europe, and is also used for some volumes from the Far East or Southern Asia to North America. With the other major carriers also rerouting now, it is likely freight rates will rise for Asia – N. Asia – N.
by Stephanie Krishnan – Associate Vice President, IDC Manufacturing & Energy Insights Asia/Pacific, IDC Asia/Pacific. “By In Asia, Governmental and Finance. A procurement professional I recently spoke to said “it’s coming at us thick and fast, so we’ve got to be ready for it.”
Essential Skills for Supply Chain Leaders in Asia during Pandemic The Asian Institute of Management conducted a study across orgainsations in Asia to identify crucial skills and competencies required by supply chain managers and leaders in Asia.
This includes senior management, government linked and academic positions in a variety of international companies and institutions based in Asia, the US, Europe and Australia. This recognition was in part due to the setting up of the region’s first and only physical warehouse training facility.
Inevitably, the procurement process is complex and challenging to manage. Procurement System Improvement Goals. Recognizing the vital importance of procurement to their business, ANCA management set about finding a tool to help. Streamlined Component Procurement. A more complex purchasing activity is hard to imagine!
Ivalua is the Lead Partner at this year’s ProcureCon Asia, which will be held at the Amara Sanctuary Resort Sentosa. He had taken on a few leadership roles in Flex such as Procurement Compliance Director, led the Global Sourcing team, and is currently member of Flex Supply Chain Council and Supply Chain Risk Management.
This includes senior management, government linked and academic positions in a variety of international companies and institutions based in Asia, the US, Europe and Australia. This recognition was in part due to the setting up of the region’s first and only physical warehouse training facility.
The explosion in globalisation, and corresponding reduction in transport availability over the last decade or so, have together kiboshed some of the factors which once fueled a steady growth in offshore manufacture and procurement. Indirectly, the rest of the world benefits too. Reducing bottlenecks in U.S.
8 April, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on restoring growth. Now is the time to digitalise procurement and use it as a growth driver.
Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.
8 April, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on restoring growth. Now is the time to digitalize procurement and use it as a growth driver.
Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.
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?”. Automation and innovation are at the forefront of the supply chain industry with procurement acting as a key enabler in the process. Körber at a Glance….
Empowering Procurement & Supply Chain Leaders Across the Globe. Canada, the Middle East, South America and Asia are now using Ivalua’s platform to power their digital transformations, improving efficiency, reducing costs, managing risk and growing revenue. “We Hundreds of the most admired companies from Europe, the U.S.,
by Martin You – Sales Director for Asia Pacific at E2open. More specifically, it took 83 days for container transport from Europe to Asia, and 88 days from North America to Asia. Martin You – Sales Director for Asia Pacific at E2open. Driving Sustainable Growth Through Supply Chain Resilience.
If interested in receiving a full table of contents, please contact Conrad Hanf ( chanf@arcweb.com ) if you are located in North America, Latin America, or Asia; or Ann-Kathrin Blech ( ABlech@ARCweb.com ) if in Europe.
If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.
In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging.
In Asia, Vietnam and Bangladesh are more important sourcing locations. Much of the world’s fabric is produced in Asia, for example. VF is having conversations with fabric manufacturers to encourage them to produce more fabric in factories outside of Asia. There will be no emails or spreadsheets.
Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. Fortunately, the report shows that procurement is putting actions behind words.
Imagine an AI agent that notices a port delay in Asia. The connected ecosystem of composition agents works across fulfillment, procurement, planning, and logistics. At the same time, higher levels of business creativity, productivity, and resilience are unlocked. The true breakthrough lies in whats next: multi-agent orchestration.
From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. They are advised to c arry out a thorough risk assessment and adjust their supply chain management risk operating model and procurement strategy.
In an IDC InfoBrief titled Building the Future of Supply Chains: AI-Driven Orchestration for Asia/Pacific Success, 99.7% of supply chain leaders in Asia-Pacific identified agility as critical to their success. About 30% believe AI significantly boosts productivity and cuts costs.
Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.
Muslim (majority) countries in Asia (such as Brunei, Indonesia, and Malaysia) and several countries in the Middle East are moving to stage 3: the halal supply chain. Muslim (majority) countries in particular in Asia and the Middle East are further strengthening their halal ecosystems through regulations in the coming years.
In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!
Sourcing raw materials from Asia, coordinating freight with European logistics providers, or navigating distribution networks in the Americas cross-border operations rely on effective communication to make them happen. Procurement staff must send alternate sourcing orders. Logistics coordinators will need to reroute deliveries.
Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.
Over the last 12 months, Ivalua has delivered a significant number of rapid procurement transformations with the help of its expanding ecosystem of advisory and implementation partners. Empowering Procurement and Supply Chain Leaders Across the Globe. 2019 revenue is expected to continue to grow rapidly and exceed $100M.
Sustainability is definitely coming of age in Asia. In fact, IDC predicts that manufacturers across Asia who digitally transform and accelerate sustainable innovation to improve supply chain operations, will increase their revenue by 20 percent in 2025. Making Asia a Leader – One Green Initiative at a Time.
Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.
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