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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 transportationprocurement process.
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.
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.
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.
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.
In “Navigating the Numbers: Tariffs, AI, and The Future of Supply Chains”, Joe Lynch and Corey DeSantis , BDO’s Logistics and Transportation Subject Matter Expert, discuss the evolving landscape of global trade, the transformative power of artificial intelligence, and strategies for building resilient supply chains for tomorrow.
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.
Freight transportation makes up over 10% of total global carbon emissions. Reducing emissions from transportation is crucial to achieving organizations sustainability goals. Companies should evaluate it alongside cost, lead time, on-time delivery, and capacity utilization.
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.
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.
Political instability has disrupted transportation corridors. Resilience is the ability to respond to disruption while maintaining core operations, and more companies are shifting their strategies accordingly. AI is helping companies better detect risk, model alternatives, and make faster decisions with more confidence.
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.
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.
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.
The organization remains heavily focused on logistics, driven by the influence of consultants and technologists in the transportation sector. In either case, why aren’t we using transportation data to change and define processes from the outside in? As a result, most companies struggle with the feasibility of their plans.
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.
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.
The explosion in globalisation, and corresponding reduction in transport availability over the last decade or so, have together kiboshed some of the factors which once fueled a steady growth in offshore manufacture and procurement. Let me show you why. For instance, when I work with U.S.
Interestingly, in Q3 2023, 38% of manufacturers, distributors and retailers missed their target for revenue guidance for the quarter. ”[4] He offers three principles that he believes apply to companies whose business and success largely rely on the health of their supply chains. … My conclusion?
Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.
… Additionally, data visualization allows companies to drill down into the variances and see where to make adjustments. Understanding the drivers of optimized recommendations is crucial, helping companies better understand their business. Companies are no different.”[4] ” What is Supply Chain Optimization?
For my long-time readers, you know that fewer than 3% of companies outperform their peer group in our Supply Chains to Admire analysis , and that the Gartner Top 25 is essentially a beauty contest for underperformers. The companies that people believe are top performers typically are laggards.
They emphasized being an Industry Cloud Complete Company with industry-specific solutions for over 2000 micro verticals across Process Manufacturing, Distribution, Service Industries, and Discrete Manufacturing. Industry-specific content is available for processes like Source to Settle, Procure to Pay, Order to Cash, and more.
Behind the scenes of every successful business lies a well-orchestrated machine made up of four critical functions: supply chain, logistics, transportation, and operations. What Is Transportation? Real-World Example: Amazon’s two-day delivery is a result of highly optimized logistics, not just fast transportation.
manufacturers have spent the last few decades consolidating production at gigantic offshore plants, especially in China. What it doesn’t necessarily mean is simply transporting those Chinese mega-factories to another hemisphere. It could even entail some degree of domestic production.
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.
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.
What we do at Enchange Supply Chain & RtM Consultancy 💹 Deliver sales growth for our clients 🌏 Work globally, with our local experts 🎓 We are Route to Market & Supply Chain experts At Enchange our passion is helping companies improve their route to market and supply chain so they can sell more, at a higher margin and lower cost.
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.
It’s easy to feel at ease when procurement systems operate as they should—robust and solid. A sudden supplier shutdown, transport delays, or a missed delivery can throw everything off balance. Procurement teams now face a clear need: build bendable systems instead of unbreakable ones. That is, until something goes wrong.
How MES is Shaping the Future of Manufacturing and Boosting Production Efficiency What is a Manufacturing Execution System (MES)? A manufacturing execution system (MES) is a comprehensive, dynamic software system that monitors, tracks, documents, and controls the process of manufacturing goodsfrom raw materials to finished products.
The Manufacturing Supply Chain Journey through AI and Automation Manufacturing Supply Chains Explained The manufacturing supply chain comprises all the processes a business uses to turn raw materials and components into final products that are ready to be sold to customers, whether these are consumers or other businesses.
Strategic Sourcing Is Smart Procurement Strategic sourcing is thus a smart approach to procurement because it considers each sourcing project to be unique based on analysis, insight and knowledge of the marketplace. The word quality here covers a range of considerations contributing to value in every aspect of a companys operations.
Supply chain management typically does not fit very well with procurement, which is a challenge at the best of times, and can be a disaster in difficult times. Moreover, behavior can be changed based on sales incentives or things that are happening within the company that dont truly represent demand.
The Inflation Reduction Act’s Conditional Incentives In contrast to the punitive nature of tariffs, the 2022 Inflation Reduction Act (IRA) was designed to catalyze a domestic clean energy manufacturing renaissance through substantial subsidies. In the short-to-medium term, the primary effect of the current policy mix is disruption.
Companies often struggle to plan for such challenges, which is why developing a strong and resilient supply chain team is so important. A lack of resilience can cause disruptions and delays to sourcing, transportation, or even manufacturing all of which lead to higher costs.
Just ask any manufacturer who’s had to halt production because a single critical component wasn’t available. Some companies focus almost exclusively on efficiencygetting things done as quickly and cheaply as possible. These disruptions aren’t just inconvenientthey can make or break a business.
Many of the world’s largest companies have committed to reaching net zero by 2050, triggering a ripple effect throughout global supply chains. That includes everything from raw materials and manufacturing to packaging and logistics. Known as Scope 3 emissions, these are also the most difficult to measure and manage.
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.
(NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, today announced that e2open has been positioned by Gartner as a Leader for the third consecutive year in the 2025 Magic Quadrant for Transportation Management Systems1. View a complimentary copy of the Magic Quadrant report at e2open.com.
Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. Numbers speak louder: According to Procurement Tactics’ top procurement trends in 2025 , 83% of CPOs prioritize digitization. Companies want to move beyond traditional methods and adopt a more innovative approach.
The logistics landscape is evolving rapidly as more manufacturers relocate production closer to domestic markets. Industries such as semiconductors, electric vehicle (EV) batteries, and transportation equipment are at the forefront of reshoring efforts , leading to a fundamental shift in freight demand patterns. Midwest U.S.
Better inventory management, intelligent manufacturing, flexible logistical systems, and real-time delivery controls have all been made possible by the use of artificial intelligence (AI) in the supply chain and logistics. To maximise operations, procurement must be made aware of the effects that data problems will have later.
For a retailer, that might take the form of guidance as to where and how much to produce items, how to transport them, and where to position them in a manner that best reflects actual consumer demand. What makes mathematical optimization especially valuable, Yurchisin says, is its prescriptive — as opposed to merely descriptive — nature.
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