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
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.
The DOE is still issuing large federal loans to startup companies, Novonix a synthetic graphite startup just received a $755 million loan to support its mission and reach its goal of producing 31,500 metric tonnes of synthetic graphite. The facility aims to reach full production capacity by the end of 2028.
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.
Procurement and supply chain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.
However, as carbon taxes and emissions reporting requirements continue increasing, supply chain professionals face mounting pressures from inside and outside their organizations to measure and improve performance against new, nebulous sustainability metrics. Freight transportation makes up over 10% of total global carbon emissions.
Procurement People should learn the Sales & Operations Planning (S&OP) Process. Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies.
Sudden tariff increases can quickly make a cost-optimized procurement strategy untenable, leaving companies scrambling to adjust. Procurement is another area seeing change. Metrics must reflect the new priorities. Second, many supply chains still lack visibility beyond Tier-1 suppliers. Cultural alignment is just as important.
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.
The Logistics Data Challenge The logistics sector is awash with data, from shipment volumes and freight rates to sustainability metrics and supplier performance. Ritzmann emphasized the need to align data collection with specific business goals, such as procurement optimization, sustainability reporting, or supplier performance management.
Use metrics like lead-time sensitivity, margin contribution, and order volume to prioritize. What Disrupts Supply Chains Today? What a Real Continuity Plan Includes Strong business continuity planning goes well beyond a binder on a shelf. It should be woven into how the supply chain is run. Key components include: 1.
In mid-May, after the two countries agreed to temporarily halt planned tariff increases, container bookings surged by nearly 300% , straining port operations and carrier capacity. And cross-functional teams — from procurement and sales to finance and customer service — are left scrambling to react. Assembly lines pause.
Advertise Contact Us Supplier Directory SCB YouTube About Us Login Subscribe Logout My Profile LOGISTICS Air Cargo All Logistics Facility Location Planning Freight Forwarding/Customs Brokerage Global Gateways Global Logistics Last Mile Delivery Logistics Outsourcing LTL/Truckload Services Ocean Transportation Parcel & Express Rail & Intermodal (..)
From procurement to delivery, supply chain leaders are expected to make faster, smarter decisions based on volumes of performance indicators, forecasts, and reports. Vendor Performance Reviews Made Visual Procurement teams routinely evaluate vendors based on metrics like delivery timeliness, cost efficiency, quality ratings, and compliance.
The Role of Agentic AI in Supply Chains Supply chains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting. Helps businesses drive cost savings and mitigate procurement risks.
These systems should complement existing processes, allowing incremental capacity expansion without disrupting current operations. This involves analyzing production capacity, equipment effectiveness, and resource utilization to identify opportunities and potential bottlenecks.
This allows the procurement team to quickly identify the lowest or most favorable bid based on cost factors. Historical data and AI-driven insights help optimize decision-making, allowing procurement teams to focus their expertise on more nuanced evaluations like supplier alignment with business strategy and customer service approach.
Category management isn’t just another procurement trend. What procurement teams need is a clear view of their spend, tighter control, and a strategy that delivers lasting value—exactly what category management provides. The goal is to get the best results from every category. It’s tactical and short-term.
Definition: Procurement transformation is the strategic overhaul of how a business buys goods and services. This approach focuses on changing procurement holistically beyond minor tweaks, starting from strategies to organizational structures. Procurement transformation has several objectives.
Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.
This resilience can be defined as “ the ability of a central procurement and supply management function to prepare for unexpected events, respond to disruptions, recover, and emerge even stronger. ” Manufacturers cannot foresee every risk, inconvenience, or disaster, but they can equip themselves to handle the unexpected and come out on top.
The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships Dynamic market changes and global events seem to create newer demands and greater pressure on procurement professionals. These metrics allow you to assess whether your suppliers are meeting their commitments and contributing to your business objectives.
metric tons per person and in the European Union 5.66 metric tons per person. metric tons. But what is less well known is that China also invests far more than the EU or the USA in its renewable energy capacity as it seeks to reduce its dependency on oil imports. And it is those of us in the richer countries (i.e.,
You’ll discover a unique threefold strategy that enables workers to pick more items in less time with up to 30% fewer robots compared to legacy systems.
This means tracking key metrics like inventory levels, shipment status, and supplier performance. This team typically includes representatives from operations, procurement, logistics, and finance. Key components include: Risk Assessment and Monitoring You need real-time visibility into your entire supply chain.
Whether managing global air freight for pharmaceutical companies, regional FTL capacity for just-in-time fulfillment, or final-mile delivery, LSPs must tailor each network to the shipper’s unique needs—and ensure it adapts in real time. Carrier scorecards – live on-time, dwell, and cost metrics that steer freight to the best performers.
Jones Act regulations, limited carrier options, capacity constraints, inter-island transfers and price rigidity all make Hawaii a challenging edge case for shippers that requires bespoke strategies and careful thinking. When demand chokes existing carrier capacity, a typical response is to raise rates, which then attracts additional carriers.
Owners and lessees benefit from automation capacity that can be dynamically aligned with warehouse demand. 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.
Further, schedules that ignore capacity often lead to idle workers in one area and bottlenecks in another. Coordinating with procurement and suppliers further supports timely deliveries. For instance, metrics like cycle time reveal how long it takes to complete each unit, helping teams identify steps that slow down output.
Leveraging data on the fleet age, vendor capabilities, and location capacity, the company was able to improve forecast accuracy by 15%, reduce inventory levels by 10%, and even increase customer satisfaction. The business required 100% vehicle uptime but struggled to meet this goal and manage spare parts inventory.
The connected ecosystem of composition agents works across fulfillment, procurement, planning, and logistics. Ask a basic GenAI tool for supply chain KPIs, and you’ll get a textbook list that includes forecast accuracy, days of inventory, and capacity utilization.
According to Deloitte’s 2025 Global Chief Procurement Officer (CPO) survey , 41% of CPOs are actively renegotiating with existing vendors to deal with volume volatility and price hikes. Before selecting suppliers , procurement collaborates with all relevant departments to define what exactly the business needs and why.
By going vertical, you can dramatically increase storage capacity without changing your footprint. Modular systems make it easy to expand as your business grows. 4 Maximize Your Existing Space If you’re only storing inventory at eye level, you’re missing out on massive potential.
Two months later, Malaysia Airlines reduced its flight capacity by 20%, citing labor shortages and a lack of spare parts. Legacy IT systems, which were not designed for real-time data sharing, force production, procurement and logistics to run on separate, disconnected systems.
Advertise Contact Us Supplier Directory SCB YouTube About Us Login Subscribe Logout My Profile LOGISTICS Air Cargo All Logistics Facility Location Planning Freight Forwarding/Customs Brokerage Global Gateways Global Logistics Last Mile Delivery Logistics Outsourcing LTL/Truckload Services Ocean Transportation Parcel & Express Rail & Intermodal (..)
The system analyzes real-time data on material availability, machine capacity, and labor resources, generating accurate timelines for your manufacturing orders. Warehouse staff , for example, will require in-depth training on scanning procedures, while procurement teams should focus on mastering purchase order generation.
RELATED CONTENT RELATED VIDEOS Global Trade & Economics Sourcing/Procurement/SRM Supply Chain Security & Risk Mgmt Supply Chains in Crisis Chemicals & Energy Related Articles China’s Electricity Crunch Is World’s Latest Supply Chain Threat Canada’s Shrinking St. farmers, don’t expect a reversion down in pricing,” Taylor said.
Integrating Analytics Into Every Tier Analytics must penetrate every layer of the supply chainfrom procurement to last-mile delivery. Midstream, route optimization and production planning benefit from real-time telemetry data, AI-enhanced maintenance forecasting, and dynamic capacity modeling.
It’s grown so big, in fact, that you just don’t have the time or capacity to fulfill your own orders anymore. Operational data and requirements Even if a 3PL offers the specific services you’re looking for, it doesn’t necessarily guarantee that they have the capacity to meet your operational needs. You’re ready to outsource to a 3PL.
Administration are becoming either a noted concern or inventory hedging opportunity area for global based manufacturers and materials procurement teams. percentage points in inventory levels which were the fastest rate of expansion for this metric since June 2022. import tariffs, including likely retaliatory tariffs.
Any degree of constraint to the accessibility of these and other ports in the region will add significant pressure to the remaining infrastructure as companies scramble to secure capacity and services to other entry and exit points across the region." Timely, incisive articles delivered directly to your inbox.
Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial? Michael Hurd Lean Consultant, Unemployed Posted on: Jun, 10 2017 A Very Good Article.
Modern data collection is fundamentally supported by advanced specialized sensors that serve as the primary tools for gathering various metrics in manufacturing environments. Here’s a breakdown of the key data types: Production Metrics: These tell you how much you’re producing and how efficiently. do you have available?
Swiss Trade Deal Likely to Contain Assurances on Pharma Levy Global Trade & Economics Heatwave Dries Up Cargo Capacity on Europes Largest Rivers Global Gateways McKinsey: Consumers Deliver Mixed Message on Importance of Sustainable Packaging Parcel & Express Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial? Michael Hurd Lean Consultant, Unemployed Posted on: Jun, 10 2017 A Very Good Article.
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