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Companies leaning heavily on global sourcing? Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. What Is Agile Procurement? Agile procurement is your lifeline.
In a survey we conducted in October 2020, 91% of our Indago supply chain research community members, who are all supply chain executives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
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.
They noted the fact that companies whose leaders had supply chain experience took a more proactive approach to addressing potential supply-chain challenges, and in leveraging the supply-chain function to generate new business opportunities. They are no longer just vendors of goods and services.
For global manufacturers, managing direct and indirect material spend can get very complicated very quickly. Multiple legacy systems prevent procurement from standardizing processes and tracking what they’re spending with each supplier.
This is the largest area of investment for the company outside of ERP. While SAP has had procurement analytics solutions, last year at Spend Connect Live, SAP announced the Spend Control Tower. Daniel Chapman, the senior director of process transformation for procure to pay at Warner Music, was a keynote speaker.
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.
Artificial intelligence (AI) is reshaping supply chain operations by enabling predictive planning, allowing companies to anticipate disruptions before they occur and adjust operations accordingly. Companies must react after the fact, often incurring higher costs and reduced service levels.
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.
Speaker: Adam Robinson, Director of Marketing, Cerasis
We’ll address how automation in the supply chain will provide employees with the following: More Strategic Procurement. More Efficient Manufacturing as well as ability to fill the skills gap & make more strategic employees. Improved Picking & Warehouse Efficiency thanks to Picking Autonomous Mobile Robots & Voice Commands.
Fictiv , a global supply chain technology company, announced that it has entered into an agreement to be acquired by MISUMIGroup Inc., a leading global supplier of mechanical components for the manufacturing industry headquartered in Japan. Once closed, Fictiv will join MISUMI.
The manufacturing sector is facing unprecedented volatility in global trade, with tariffs becoming the latest in a series of uncertainty drivers that are impacting virtually all industries. Manufacturing plants are deeply entrenched; tied to infrastructure, suppliers, skilled labor, and regulatory requirements.
As preposterous as this thought experiment seems, it is the reality of procurement departments in manufacturing firms across the United States. The Procurement Predicament Procurement professionals need to secure thousands of parts for many different products at the best price possible for their company.
When you talk to companies that have implemented enterprise or supply chain applications, executives will usually admit that they have under-invested in training and preparing users to use the new technology. Molex is a private company headquartered in Lisle, IL in the US. The company uses a process monitoring tool called Celonis.
Medical and pharmaceutical manufacturers have faced increasing logistical challenges over the past two years. This report, produced by Worldwide Business Research, explores the progress companies have made toward supply chain digitization and logistics maturity.
This includes the evolution of schema-on-read architectures and the use of advanced sensing and network automation as companies work through endless cycles of legacy technology like ERP and APS. The issue is that most companies are using new forms of technology to make bad decisions faster. The reason? Clarity on Value.
Here I define value as improving market capitalization/employee for a public company. For example, if I improve the cost structure in transportation, procurement, manufacturing and sales independently, what decision support framework decides the right trade-offs? You are right. This work was expensive.
Resilience is the ability to respond to disruption while maintaining core operations, and more companies are shifting their strategies accordingly. First, overreliance on a narrow group of suppliersespecially those in politically sensitive regionsexposes companies to risk when trade relationships shift.
Companies that fail to modernize face supply shortages, revenue loss, and regulatory risks. Just-in-time (JIT) inventory models, lean supplier networks, and offshore manufacturing reduced expenses but left companies exposed to disruptions. Companies that fail to integrate these technologies risk inefficiencies and higher costs.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence. Click here!
(If you would like to participate in a current research study, we would love your help and participation in the contract manufacturing study. We are trying to assess the value of a network in managing contract manufacturing.) One of the alignment gaps that is growing and is unfortunate is the gap between procurement and manufacturing.
The company aims to change this with the expansion of its data fabric portfolio. When you combine the volume, complexity, and speed with which decisions need to be made and executed, the current way companies manage this is unsustainable. A supply chain data fabric can help companies augment their supply chain processes.
This past February we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — “Is your company using Artificial Intelligence in its supply chain or logistics operations?”
Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. One master of freight procurement is Kyle Masters. Almost all companies will say that “service” is important.
Jack Fiedler, the vice president for digital transformation of the global supply chain at Lenovo Lenovo is ranked tenth by one leading analyst firm among a list of global companies with exceptional supply chains. I’ve not seen a company that does a better job of agile planning across an end-to-end, multi-tier supply chain.
Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.
Having an agent detect how long it takes to ship from a supplier site to a manufacturing facility, and then doing a running calculation on how the average lead time is changing, is trivial math. And the companies that used these solutions, saw their forecasts improve much more quickly than traditional solutions.
What food and beverage companies need to know about tariffs: Lessons from Canada sharkins Fri, 05/16/2025 - 09:53 Tariffs have been a constant threat since the beginning of 2025, but one sector has felt the impact more immediately than most: consumer packaged goods. Enter a Canadian supermarket today, and you will witness the transformation.
The resulting increase in demand may place pressure on agricultural producers and extract manufacturers to scale operations. Reformulation and Product Development The transition will require most affected manufacturers to reformulate products that rely on the targeted dyes. Reformulation is not a one-to-one ingredient swap.
Digital Twin Screen Shot and Architecture The most comprehensive form of planning that companies engage in is integrated business planning. Executives came to understand that IBP should not constrain a companys ability to react to what was happening in the market. IBP balances what can be produced against projected demand.
Companies today making a fundamental mistake: they are attempting to automate current processes with AI versus challenging and redefining work. Most companies forecast a single stream with a focus on error. Ask a procurement or transportation professional if they have a good demand signal and expect a laugh.
Running a manufacturing business isn’t easy. That’s where a manufacturing ERP comes in. Manufacturing ERP (Enterprise Resource Planning) software integrates all your core business processes into one powerful platform. It’s a lot to handle. Let’s get started.
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.
Companies should evaluate it alongside cost, lead time, on-time delivery, and capacity utilization. A proactive approach to carbon management is essential for companies seeking to reduce their environmental impact while maintaining supply chain efficiency.
companies accelerated shipments to avoid tariff increases, leading to short-term logistical bottlenecks. and lower manufacturing activity were reported in the months preceding the talks. This includes easing restrictions that had affected procurement, licensing, and customs processing. In the U.S., There is no change to the U.S.
This is amplified across the supply chain into an exponential impact on inventory and planned orders for manufacturing. When we measure the bullwhip impact (in my class on outside-in process thinking), the bullwhip between manufacturing and procurement is 2-3X. Without a synchronized signal, companies make the wrong decisions.
On the positive side, companies such as a small manufacturer of advanced plastic components used across various sectors, such as medical, industrial, automotive and consumer products has experienced increased interest from clients eager to purchase American-made goods. Where do industrial companies focus to prepare for tariffs?
The resulting strategic question for companies is: How do we build resilient supply chains when even the rule-makers are unstable? Automotive: Can JIT manufacturing survive legal disruptions to tariff policy? Companies relocating to Mexico may face rapid reversal in cost advantage if emergency tariffs are struck down.
The company sources goods from 34,000 suppliers out of 30 nations. The company is piloting secure lockers for stock at their major sites. Adding to the complexity of the supply chain is that Ferguson is an acquisitive company. The company recorded 1.9 The company has shown sustained improvement on this metric.
Supply chains, which facilitate the movement of products from manufacturers to consumers, have historically encountered issues such as inefficiency, fraud, and a lack of transparency. Companies find it difficult to fully trust the data from suppliers, complicating efforts to ensure product authenticity, safety, and ethical sourcing.
The discipline has done a good job of driving collaboration between sales and marketing and manufacturing, procurement, and logistics. Because procurement is a major theme of the conference, I could not help but talk to the top executives of this business unit about the new Elon Musk biography.
Planners are uniquely positioned with an end-to-end focus, from procurement of materials, through manufacturing and engineering, to the movement, storage, and delivery of finished products or services. By forecasting demand accurately, companies can ensure that they have the right amount of inventory at the right time.
Scaling manufacturing operations is crucial for business growth but presents unique challenges. Balancing increased demand with consistent quality and controlled costs is difficult but essential for manufacturers looking to expand. Successfully scaling manufacturing requires more than just adding resources.
” In this work, my observation is that large companies have a more difficult journey to drive organizational alignment, than smaller companies. Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. This gap grew over the last decade. False Beliefs.
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