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The Evolution of Asset Management: Humans, Inventory and the Rise of AI

The Logistics & Supply Chain Management Society

The Evolution of Asset Management: Humans, Inventory and the Rise of AI by Jeroen Hendriks , Director at Art of Supply Chain Sdn Bh In the ever-evolving landscape of organisational success, the spotlight is now on asset management. In this article, we will focus on inventory and people as assets.

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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

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Managing Complexity in Resource-Heavy Supply Chains!

Supply Chain Game Changer

This includes linking procurement decisions to market forecasts or using real-time analytics to update cost models based on shipping routes or fuel prices. Companies are increasingly using leaseback arrangements, joint ventures, or mineral trust structures to manage these risks and unlock liquidity without sacrificing operational control.

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Where to Start if You’re New to Procurement Sourcing Solutions

EC Sourcing Group

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Procurement Sourcing Solutions : What Is Procurement Management?

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Companies Improve their Supply Chains with Artificial Intelligence

Logistics Viewpoints

AspenTech’s advantage is that they have both asset management (a solution that can use machine learning for the predictive maintenance alert) and the supply chain planning models those alerts can feed. These “events” are turned into supplier scores, and if significant the score goes flagged in the Oracle procurement system.

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Why Our Goal Should Not Be an Integrated Supply Chain

Supply Chain Shaman

It was also clear to me that transactional data was only one of the feeds to the planning engines (approximately 60% of the data feed, but not the sole source). The focus is outside-in, from the customer back, and demand-orchestrated across the silos to guide procurement decisions. I fought a hard fight and lost.

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Spare Parts Management in 2025: Data-Driven Strategies for MRO Teams and Maintenance Leaders

ThroughPut

Supplier Diversification and Sourcing Challenges: Many organizations rely on a vast network of suppliers, sometimes numbering in the hundreds. Sourcing bespoke or specialized parts from overseas can add further complications, such as minimum order quantities, anti-dumping regulations, and sustainability audits.