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And cross-functional teams — from procurement and sales to finance and customer service — are left scrambling to react. Each transfer increases the chance of delays or damage, and cargo liability is limited, usually calculated based on the amount of trailer space occupied. Assembly lines pause. Inventory buffers shrink.
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Koganti urged the procurement audience to look for whats referred to as “foresight function” in planning tools, which is capable of enhancing data analysis, scenario generation and trend identification , allowing for more informed and proactive decision-making, albeit with human oversight.
Tesco and Walmart have announced procurement policies aimed at reducing carbon emissions and promoting sustainability throughout their extended supply chains. AI can integrate with procurement platforms, utility meters, logistics trackers and internet of things sensors to gather real-time data. Retailers are following suit.
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By embracing a pricing mindset that is as agile as the trade policies it responds to, businesses can take full advantage of pricing as a profit lever, increasing resilience in the face of uncertainty. Andrew Butt is founder and CEO of Enable.
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A CaseStudy A global automotive manufacturer adopted sophisticated AI technology for spare-parts distribution. The planning team selects specific items from a catalog of half a million-plus spare parts to be stored onsite, while optimizing both availability and lowest possible stock count.
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Beef Prices Soar to Record Highs Global Supply Chain Management Heathrow Considering Legal Action Against Utility Company Over Fire Air Cargo U.K. We’re creating new and novel chemistry methods that weren’t available when we started,” Jones says. NEXT: Can China get around cotton origin testing?
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These technologies work together to deliver a unified, digital-first approach to managing medication flow — from procurement to administration. Smart cabinets, pharmacy automation stations and medication workstations integrated with RFID data further enhance safety, speed and auditability.
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government would never ask General Electric to shut down a power grid in Asia, or Ports America to bottleneck cargo in Savannah. Featured Product Popular Stories End to De Minimis Slows Flow of Air Cargo from China to U.S. These actors understand that commercial flows are more fragile and target-rich than traditional military hardware.
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We have taken this proactive measure to safeguard our people, assets, and customers’ cargo in light of increased regional instability." The safety and security of our seafarers and operations are our top priorities," Maersk said in a statement June 20. "We Timely, incisive articles delivered directly to your inbox.
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Having a clear and current view of inventory becomes the foundation for intelligent procurement, better vendor negotiations and smart reallocation of inventory across nodes. Inventory is capital sitting on the floor. If it’s miscounted, mislocated, or miscategorized, it’s dead capital — and worse, it leads to bad decisions downstream.
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