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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.
Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. This blog explores the most common challenges in digital procurement and the capabilities that matter most.
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.
If you’re evaluating procurement technology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.
Modern procurement professionals need to be among some of the most highly skilled workers in any organization, and we want to help you identify exactly what essential procurement skills you need to lead your team as the industry continues to grow and evolve. Ethical sourcing is a huge part of this.
As we move towards a new decade is the emphasis in the procurement world changing – are we going to see a new age, where the Art of Procurement comes to the fore? Technology has radically changed procurement activities and procurement roles across virtually all our spheres of activity.
The safety and security of our seafarers and operations are our top priorities," Maersk said in a statement June 20. "We According to the New York Times, Iran sent a barrage of missiles into Israel on June 20 that struck in several places, including Haifa, where two people were severely injured.
Webinars Watch: An Alternative to Traditional Battery-Making Technology for EVs Sourcing/Procurement/SRM Watch: Getting Ahead of Customs Compliance Violations Regulation & Compliance Five Ways AI-Enabled Digital Twins Will Shape the Future of Supply Chains Technology Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
The Hackett Group report recommendations on IT & Procurement collaboration and how it can benefit your organization in the time of Covid-19 and beyond. This study includes input from a range of industries via interviews conducted with pairs of IT and Procurement leaders.
Webinars Container Ship Explodes, Catches Fire Off Coast of India Global Gateways Europe’s Steel Industry in Jeopardy, Says ThyssenKrupp Exec Global Trade & Economics Watch: An Alternative to Traditional Battery-Making Technology for EVs Sourcing/Procurement/SRM Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
Time to Start Preparing for the Digital Product Passport Supply Chain Visibility Five Ways AI-Enabled Digital Twins Will Shape the Future of Supply Chains Technology Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
This type of software is used by businesses to plan and oversee routine operations, such as supply chain management, manufacturing, services, project management, customer relationship management, risk management, compliance, accounting and procurement. CaseStudy #1: Noble Biomaterials. CaseStudy #2: Veoneer.
Truce Ocean Transportation Container Ship Explodes, Catches Fire Off Coast of India Global Gateways Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
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 (..)
Webinars Container Ship Explodes, Catches Fire Off Coast of India Global Gateways Europe’s Steel Industry in Jeopardy, Says ThyssenKrupp Exec Global Trade & Economics Watch: Supply Chain Planning in Times of Disruption Artificial Intelligence Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
Government CaseStudy Two major providers of Tc-99m to the U.S. is a cooperative agreement partner with the National Nuclear Security Administration (NNSA), a semi-autonomous agency within the U.S. But, as noted, BR-2 is temporarily offline until December, placing further near-term strain on the Mo-99 supply chain. LLC (the U.S.
Webinars Watch: An Alternative to Traditional Battery-Making Technology for EVs Sourcing/Procurement/SRM Watch: Getting Ahead of Customs Compliance Violations Regulation & Compliance Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
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 (..)
2) According to a 2012 report into corporate insolvencies by the Australian Securities and Investments Commission, 44% of businesses in Australia failed because of poor strategic management. There is also the question of ethical procurement and purchasing to consider.
Blockchain ensures that this entire process is recorded securely, transparently, and immutably, which is especially important for industries with stringent quality and regulatory requirements. In addition, find out if the vendor has experience in your sector of manufacturing, and can provide casestudies and references to prove it.
One dinner participant laughed as he said, “The more efficient we try to make procurement, the more we screw it up!” Instead, I question the status quo, paint some possible use cases, and prod the industry to consider a different path. Here are some casestudies I developed through talking to technology experts.
Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Introduction. Remove the noise.
A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning. For instance – improved communication skills or legal contract knowledge.
To do so, we conducted an online survey which secured the participation of over 90 senior executives involved in the management of European logistics systems, over half them working for businesses with turnovers in excess of €1 billion.
There are, though, several strategies that can help to secure this support from the key figures across your business. Above all, by taking the time to understand their perspectives, showcase the benefits of training, and align with your business goals, you can build a compelling case for investment in employee development.
This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.
Through immersive casestudies and real-world anecdotes, she kindles a revolution in supply chain practices, fostering a vibrant community of enthusiasts. These insights guide businesses in forming high-performing procurement teams, thereby fostering a seamless and efficient supply chain network.
operations, quality, procurement), contract manufacturers, and suppliers in design reviews and gather their input early on. Because collaboration best practices and security controls are inherent with cloud-native technology, organizations don’t have to reinvent processes. Involve downstream product team members (e.g.,
This includes the procurement and delivery of the parts used to build the finished product. Third-party procurement. Right now, your buyers probably spend a good percentage of their time negotiating with, and procuring goods from, makers of boxes, nuts, bolts, and other consumable parts and materials. What is inbound logistics?
Claritum Article - Procurement Blog. Crazy World of Procurement. Assessing procurement automation solutions and service providers often includes comparison of features and functions, with weighting being given to those systems that have more features. 2 Crazy World of Procurement. Introduction. Further Reading.
There are 14 other sites that receive procurement support. Among some examples of savings secured by the RS Integrated Supply team over the course of the contract: $1.5 The Result: The RS Integrated Supply team was able to demonstrate consistent savings earned since program inception.
Claritum Article - Procurement Blog. This article will look at how this high level distinction impacts procurement and will also dive deeper into some of the resultant differences between these groups that impact on the procurement function. So how do these differences affect procurement and supply. Introduction.
Globally, governments around the world are upgrading their procurement functions with a fresh perspective. The New Government Procurement Act is at the forefront of these reforms, introducing transparency, efficiency, and accountability in public spending. The Philippines has enacted the New Government Procurement Act (Republic Act No.
2) According to a 2012 report into corporate insolvencies by the Australian Securities and Investments Commission, 44% of businesses in Australia failed because of poor strategic management. Mini CaseStudy: Walmart. Mini CaseStudy: Whirlpool. Procurement costs. Inventory and storage costs.
Procurement: Automation streamlines procurement, from supplier selection to purchase order processing, improving speed, compliance, and cost efficiency through intelligent analysis. Ensuring reliable security performance is essential as organizations transition to more sophisticated digital controls.
This self-service 4-session course provides an overview of how to build a strong transportation management foundation, with a focus on strategy development, procurement, the role of technology, and the importance of enabling a continuous improvement culture and processes. Through direct connectivity with U.S.
Only one made it through and it was QAD DynaSys and its Production Planning, Procurement Planning and Advanced Analytics solutions. “We It would have been much more difficult to operate without the Production Planning, Procurement Planning and Advanced Analytics solutions during this Covid 19 pandemic,” confirms Christophe Pinard.
Save the Day With Exiger Empowering customers with Supply Chain AI Article 1Exiger Ending Forced Labor CaseStudies Technology Platform Proactive Intelligence One platform. End-to-end visibility into your entire supply chain and risk. 1Exiger leverages advanced AI and real-time analytics to provide end-to-end visibility.
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