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From balancing cost-efficiency with ethical sourcing to enhancing transparency and integrating corporate social responsibility (CSR), businesses face mounting pressure to align their operations with sustainability, technology, and energy practices. The energy sector provides a compelling example of CSR-driven compliance.
We’ve seen AI take over everyday tools and search engines; AI in Sourcing and Procurement is becoming a strategic tool in our kit, At Ivalua, we are helping global procurement teams integrate AI across the Source-to-Pay process, bringing automation, insight, and agility to every step. This is where AI can make a huge difference.
Regulatory Demands: Governments worldwide are enforcing stricter emissions standards and introducing carbon taxation schemes, pressuring companies to adapt. Proactively adopting cleaner energy sources ensures alignment with these evolving regulations. Transparent sourcing practices build trust among consumers and investors.
Trade policies are constantly evolving, forcing companies to assess how these changes impact customer demand, supply networks, fulfillment strategies, and cost to serve. Theres no shortage of commentary on how companies should respond move production, shift suppliers, and reconfigure operations are just a few common recommendations.
In response to these challenges, a leading heavy equipment manufacturer selected GEP to redesign its source-to-contract processes and implement a convergent data model to help manage procurement data across its multiple locations.
A data gateway is essentially a connective tissue across your supply chain, providing unified access to supply chain data from various sources, including enterprise systems, data feeds, data warehouses, data lakes, data marts, and business entities.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.
Supply chain sustainability is increasingly important for companies facing expectations from investors, regulators, customers, and employees. Building supplier capabilities while maintaining sourcing flexibility requires additional investment. Without verification, companies can inadvertently rely on inaccurate supplier claims.
A data gateway is essentially a connective tissue across your supply chain, providing unified access to supply chain data from various sources, including enterprise systems, data feeds, data warehouses, data lakes, data marts, and business entities.
One policy shift and your sourcing strategy is upside down. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
This is the largest area of investment for the company outside of ERP. SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. It is a brilliant tool.”
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.
In an era of endless voluntary disclosures and increasing emissions reporting regulations arising across the globe, international companies are playing regulatory twister. This discussion illuminated the tough reality that many companies are currently navigating a regulatory maze.
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.
A Fortune 500 CPG company partnered with GEP to improve end-to-end category management, optimize direct spend categories, and increase strategic focus on tail spend. This is essential reading for all procurement and supply chain leaders.
In “2025’s Top 100 3PLs: How Logistics Giants are Confronting Uncertainty”, Joe Lynch and Seth Clevenger , Managing Editor of Features and Multimedia at Transport Topics, discuss the Top 100 logistics companies, 2024 performance, changes to the list, and the trends impacting the industry.
Companies leaning heavily on global sourcing? manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. This strategic shift enabled the company to mitigate the adverse effects of escalating trade tensions effectively.
The resulting strategic question for companies is: How do we build resilient supply chains when even the rule-makers are unstable? Automakers must model dual-path sourcing strategies and reintroduce buffer inventory—not just for parts, but for regulatory flexibility. to “Can we trust any trade rule will hold?”
With companies importing raw materials, components, and finished products, rising tariff rates and customs duties can erode profit margins and disrupt business strategies, especially given the reliance of U.S. Geopolitical instability is a major contributor to the disruptions companies are facing in 2025.
Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. But by then, it may be too late. In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.".
Source: mainebiz.biz In today’s rapidly evolving logistics and supply chain sector, warehouses are increasingly turning to innovative technologies to gain a competitive edge. Furthermore, solar energy is a clean and renewable source of power, which helps reduce greenhouse gas emissions and combat climate change.
The study also provided insight into what companies are doing to address it. The research report What Are Companies Doing to Survive the Supply Chain and Logistics Workforce Challenge? In addition, the report shows what companies are doing to attract and retain employees to mitigate workforce challenges today and in the future.
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. Despite recognizing these risks, only two companies have comprehensive traceability commitments.
Companies are increasingly adopting electric and hydrogen-powered vehicles to transition away from fossil fuels. Innovations in biodegradable and reusable materials, coupled with lightweight designs that reduce shipping weight, are helping companies minimize waste and lower emissions.
Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.
Reducing cost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. Resilience is the ability to respond to disruption while maintaining core operations, and more companies are shifting their strategies accordingly. For years, supply chains were engineered to be lean.
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.
Postal Service reversing its package ban from China to LGs big robotics acquisition, companies are adapting to new regulations and automation trends. tax-free, could lead to higher prices and delays for consumers, impacting companies that rely on low-cost imports from China. From the U.S.
Companies find it difficult to fully trust the data from suppliers, complicating efforts to ensure product authenticity, safety, and ethical sourcing. This will enable diamond jewelry consumers at scale to engage with the unique journeys their diamonds have taken from source.
Think your customers will pay more for data visualizations in your application? Five years ago they may have. But today, dashboards and visualizations have become table stakes. Discover which features will differentiate your application and maximize the ROI of your embedded analytics. Brought to you by Logi Analytics.
The current AI landscape can be viewed as a series of wars,” where companies and organizations are battling for dominance across various technological and market battlefronts. Nvidia continues to dominate with its high-performance GPUs, but companies like AMD and Intel are rapidly developing their own competitive offerings.
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.
Ted Krantz, CEO of Interos Interos , a company providing supply chain resilience and risk management software, emailed me to say that there was a supply chain risk everyone seemed to be ignoring – AI-related risks. Most argue that when the UI is trained with the companys own data, the risk of hallucination is small.
Set for full enforcement starting December 14, 2027, it requires companies to ensure that all stages of their supply chains are free from forced labor. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions. Adding to the uncertainty, recent comments from a new U.S.
Postal Service reversing its package ban from China to LGs big robotics acquisition, companies are adapting to new regulations and automation trends. tax-free, could lead to higher prices and delays for consumers, impacting companies that rely on low-cost imports from China. From the U.S.
In a broad sense, optimization refers to creating plans that help companies achieve service levels and other goals at the lowest cost. Without accurate data, companies face the garbage in, garbage out problem. These predictions accelerate a company’s ability to verify how its extended supply chain is constructed.
Search engine optimizations is one of the best digital marketing hacks out there for your industry since it helps buyers hunting for a transportation and logistics company find you online – and you don’t have to pay for PPC advertising. Its clients tend to use companies based nearby. Local citations are also influential.
From raw material sourcing to logistics and regulatory compliance, stakeholders across the value chain will need to prepare for structural adjustments. Sourcing and Ingredient Availability A central impact of this policy is the need to replace synthetic colorants with natural alternatives. Production scheduling may also be affected.
That's where ZoomInfo Recruiter comes in, helping bridge the gap when job sourcing and communication efforts stall on LinkedIn. But that doesn't mean there aren't some frustrating roadblocks on the network.
The EY research suggests that at many companies, that opportunity is receding. Prepandemic r esearch by the McKinsey Global Institute found that, on average, companies experience a disruption of one to two months in duration every 3.7 Those companies had at least $500 million in annual revenue.
Surviving the ride: How leading industries are turning tariff challenges into opportunities fbaker Thu, 05/29/2025 - 08:01 Navigating today’s unpredictable trade landscape can feel a bit like a white-knuckle ride, with companies constantly bracing for the next twist. Read more about how automotive leaders are adapting to tariff challenges.
However, before you can bring your vision to life, you need to source everything needed for your nightclub to run smoothly. In this article, we’ll explore how you can source everything needed for your nightclub to create the perfect atmosphere for your patrons to dance the night away.
This blog offers a clear, practical overview of what spend analysis is, how it supports strategic sourcing, and why it matters for both direct and indirect procurement. When done right, spend analysis enables cost savings, supplier optimization, risk reduction, and more strategic sourcing decisions.
By analyzing real-time data from disparate sources, these advanced systems offer actionable insights to anticipate potential issues, improve decision-making, and enhance operational efficiency. Learn how companies like yours can reduce lead times by 15%, boost productivity by 20%, and achieve a 10X return on investment.
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