This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
While past efforts focused on meeting compliance requirements, organizations are now working to proactively embed environmental, social, and governance (ESG) principles into their sourcing, production, and distribution activities. Building supplier capabilities while maintaining sourcing flexibility requires additional investment.
In this commentary we focus specifically on the importance of a broader end-to-end datamanagement framework while overcoming the fragmentation of data that is locked in separate, unconnected software applications. This is the basis of more predictive decision-making.
Lets delve into the core concepts of AI Agents and multi-agent workflows, their relevance to what ARC Advisory Group calls Industrial AI , and their potential to revolutionize supply chain management. Integrate with External Tools and Data: AI Agents can augment their inherent language model capabilities with APIs and tools (e.g.,
ML techniques like clustering, data similarity, and semantic tagging can automate master datamanagement. Without accurate data, companies face the garbage in, garbage out problem. This type of forecasting can forecast the number of employees required to perform estimated work down to the day, shift, job, and zone level.
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.
Robotic Process Automation Deployment According to the APQC data, organizations are exploring Robotic Process Automation across a number of supply chain areas, including supply chain planning, sourcing and procurement, logistics and warehousing, and manufacturing. Many technologies are implemented as a source of cost cutting.
AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to managesourcing, risk, and spend across the entire procurement lifecycle. They can learn and improve over time, as they collect new data and feedback.
AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to managesourcing, risk, and spend across the entire procurement lifecycle. They can learn and improve over time, as they collect new data and feedback.
In Part One of the series , Michael observed that standard sourcing solutions struggle in efforts to support direct materials sourcing because of specific challenges in the software design and why. Much of this has to do with needs for deep integration and two way flow of data streams.
Increasingly what Cognite is offering is called a data fabric ; in their case, it is a data fabric for plant-level data. Industrial data is voluminous. trillion records from 47 datasources in the Cognite platform. Industrial data is also more complex than enterprise data. Celanese has 2.5
In todays complex and often volatile global environment, procurement leaders face mounting pressure to cut sourcing costs while navigating geopolitical instability, inflation, tariffs and talent shortages. The truth is, sourcing smarter isnt just about softwareits about strategy, support, and best practices.
Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Logistics and inventory management rounds out the top four focus areas at 82 percent. Sourcing and Procurement In sourcing and procurement, the top focus area for 2024 continues to be supplier/vendor relationship management (SRM).
Mission and Vision: Farelanes aims to be the platform for industry innovation in logistics by enabling true and fair pricing, foundational content, centralized data publishing, and tools for computation and datamanagement. Farelanes Gold: Aimed at shippers, offering comprehensive pricing insights.
Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products. If nothing else, the last few years highlighted the importance of sourcing strategically. Upcoming Recession? Price Volatility.
In our conversations with enterprise logistics and supply chain leaders, we consistently heard about the friction created by managing multiple systems that don’t communicate effectively with each other. The future belongs to connected platforms that can bring together disparate datasources and processes into a coherent whole.
This is also a data issue. Master datamanagement (MDM) as a critical performance driver for the enterprise. What is Master DataManagement? Master datamanagement is the discipline in ensuring data is accurate, accessible, and up to date. Centralized ownership is a foundational requirement.
Managing large volumes of near real-time data from multiple sources of input is a challenge for many businesses — particularly those companies that are managing their supply chains with a series of disparate and disconnected tools. What’s needed to support this robust ecosystem, fed by data?
They may not consider potential issues of integrations, supplier onboarding, supply chain datamanagement, change management and system optimization, all of which add to complexity and costs. Sustainable master datamanagement and governance: As much as 55% of projects fail due to datamanagement issues.
These passports document all aspects of the life cycle – from the sourcing of raw materials to final disposal or recycling. Data Collection Accurate data is critical to the success of any DPP. Information must be collected at each stage of a product’s life, including material sourcing, energy use, and environmental impact.
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 (..)
Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategic sourcing. The answer is simple – automation.
And better data science leads to better business outcomes for customers. But data can and does go bad in many different ways. At the highest level, organizations first need to determine whether they can resolve a given data quality issue, or whether they need to go back to external providers who were the source of the data.
As businesses face tighter regulations on product safety, sustainability, and ethical sourcing, Digital Product Passports (DPPs) are becoming crucial for navigating these challenges. Additionally, managing compliance for multiple products, each with distinct regulatory requirements, adds significant complexity.
Many factors need to align for an organization to be able to source materials, produce a product and put it in the hands of customers. Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point. Solutions for master datamanagement.
The development of Movement involved expanding API connectivity to over 5,000 companies, a technically complex undertaking that required solving major challenges in global logistics datamanagement.
Image source: Stefan de Kok 2. Move Beyond Spreadsheets: Smarter Supply Chain DataManagement Traditional spreadsheets struggle to keep up with the complexities of intermittent demand especially when managing a large SKU portfolio.
Data cannot be uploaded to the tables without a schema and tables need to be created and configured. Schema-on-write architectures limit the supply chain team’s ability to easily sourcedata. Current network technologies have improved the user interface, but not the movement and sourcing of data. The problem?
Five Ways to Improve your Supply Chains Resilience 1) Create Transparency This process involves determining the critical components for your operations and then, working with production personnel, identifying which ones are sourced from high-risk areas and lack ready substitutes.
Jörg Schlager describing SKF's Integrated Planning (Source: Optilon). Figure 1 Source: SKF. Figure 2 Source: SKF. Figure 3 Source: SKF. Figure 4 Source: SKF. In Figure 3 the functional groups in the organization are managing multiple roles. This shift is illustrated in the figures above.
CPG companies that invest in transparent, data-driven strategies will not only stay ahead of regulations, they’ll position themselves as partners of choice for global retailers and consumers alike. Yee Chow is global head of strategy and implementation at Zevero.
You can connect with Vishal on Linkedin You May Also Like Source to Pay (S2P) What is Source to Pay Best Practice? An Analysis by Ivalua Read More : What is Source to Pay Best Practice?
We offer a single platform to address specific supply chain topics, including allocation, supply and inventory optimization, sourcingmanagement, automated order promising, datamanagement, predictive analytics, demand planning, optimization, demand sensing, and more. The same is not the case with ERP systems.
Here is a summary of these five key data processing steps to help streamline and automate supply chain data analysis. Pre-configured and adaptable data connectors can enable your business users to easily tap into nearly any data system. Create new tables, append values to existing tables, or update existing table values.
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 (..)
Following widely-known standards keeps your vendor options open so you’re not locked into sourcing from a small pool of specialty suppliers that can negatively impact time to market. Datamanagement issues : Recent legislation and consumer pressure require you to maintain comprehensive information about your entire supply chain.
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?
NLP can also help robots to access and process information from various sources, such as manuals, databases, or websites. Predictive Analytics Predictive analytics is the use of AI and ML to analyze data and make predictions about future outcomes, events, or behaviors.
New scope of managed services brings new challenges for LSPs The scope of managed service is expanding from transportation to other supply chain services including inventory management, demand forecasting, supplier management, raw material sourcing, robotics, and supply chain and transportation modeling.
He provides services to companies on master datamanagement and is more familiar with transactional processing than decision support. Planned Technology Deployments In addition, the supply management taxonomy stack is immature for direct materials. In deployments, data issues abound. This is his world.
This multinational operates 280 factories and 500 warehouses, that source raw materials from 52,000 suppliers in over 150 countries, processes 25 million customer orders annually, that are then shipped to customers in over 190 nations. These include such well-known brands as Dove, Vaseline, Hellman’s and Ben & Jerry’s.
A significant point of concern is the dependency on single-sourced components, which poses considerable risks. This reliance necessitates a reevaluation of sourcing strategies and the development of contingency plans to ensure continuity of supply.
Demand signals can originate from internal and external sources such as point of sale (POS), demand signal repositories (DSRs), competitive data, or syndicated datasources like weather patterns to identify demand trends. Supply chain datamanagement. Time-phased replenishment planning.
The regulation is designed to provide European consumers with extensive data about the provenance of the items they purchase, all the way back to the sourcing of raw materials. Beyond the promotion of ethical sourcing, it’s also about “how we can extend the life of products,” Balaam says.
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. There are many supply chain management lessons to learn from the Covid-19 crisis.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content