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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 transportation procurement process.
Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore.
The company aims to change this with the expansion of its data fabric portfolio. A supply chain data fabric can help companies augment their supply chain processes. Now companies are trying to collect data from multiple tiers of a supply chain in near real-time. Decisions need to be digitized.
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.
And for procurement and supply chain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supply chain for the year ahead?
From sourcing and bid evaluation to warehouse slotting and dynamic routing, AI tools support faster and more consistent outcomes by processing large volumes of operational data and identifying patterns that human decision-makers may overlook. Integration allows seamless transitions from data insights to purchase approvals and execution.
As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. They can learn and improve over time, as they collect new data and feedback.
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 leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.
As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains.
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.
Procurement and purchasing are often used interchangeably, but they serve distinct roles within any successful organization.While both involve acquiring goods and services, their workflows, objectives, and impact on enterprise risk management differ significantly. Procurement vs. Purchasing: What’s the Difference? What is Procurement?
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.
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Were raising the bar.
Procurement leaders are at a pivotal moment. Download The 2025 Annual ProcureCon CPO Report to uncover key insights to thrive in a dynamic procurement landscape. With CPOs playing an increasingly strategic role, it’s time to leverage innovation and technology to drive resilience and efficiency.
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. This solution provides insights in a much easier way to digest.
Data collection and verification remain areas of concern. Procurement and sustainability functions often operate independently, leading to inconsistencies when ESG criteria are applied during sourcing and supplier management. Legacy procurement systems pose challenges, as they were not designed to capture and manage ESG-related data.
Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.
Traditional supply chain planning, which relies on historical data and reactive adjustments, is no longer adequate for managing these challenges. AI as a Predictive Tool AI-driven supply chain planning integrates machine learning, real-time data analytics, and external risk monitoring to anticipate disruptions before they materialize.
Adopt a Holistic Direct Spend strategy Move beyond isolated tactics and adopt a holistic, approach to direct spend that integrates sourcing, contract management, procurement and invoicing. This means involving procurement in the highest levels of strategic planning and decision-making.
This added responsibility for companies will have lasting effects on business operations, corporate partnerships, supply chain logistics, compliance requirements, and data integrity. Regulations requiring Scope 3 emissions data from companies, create an end-to-end value chain reporting issue.
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.
Readers will also find key suggestions from procurement leaders in the healthcare space on how to prepare for the future. This report, produced by Worldwide Business Research, explores the progress companies have made toward supply chain digitization and logistics maturity.
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. Procurement ran a request for proposal event.
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Were raising the bar.
For example, if I improve the cost structure in transportation, procurement, manufacturing and sales independently, what decision support framework decides the right trade-offs? The history of this research effort with Georgia Tech ISYE uses Y-Chart data. The data outcome is open source and can be used to improve project outcomes.
Data is the lifeblood of AI in the supply chain. Without sufficient data, AI models can’t uncover meaningful patterns, make accurate predictions, or provide valuable insights for informed decision-making in complex and dynamic environments. At the same time, feeding your AI models too much data can also be a problem.
Speaker: Laura Garcia, Sr. Editor at Supply Chain Digital and Procurement Magazines
During this webinar, we’ll discuss how to take an objectives-first approach and demystify some of today’s hottest tech such as IoT, AI, and Big Data and show you how they can help build resiliency, unearth competitive advantages and optimize bottom-line results by: Fostering innovation. Implementing strategic procurement strategies.
This year, a recurring theme that I saw was about using supply chain data to improve the customer experience across the entire value chain. Here are the ones that stood out to me, especially as it relates to supply chain data. The single data cloud runs on Snowflake, one of Blue Yonder’s partners.
A data-driven, technology-enabled approach is required to build resilience and efficiency. AI-driven analytics, machine learning, and robotics are improving procurement, inventory management, logistics, and supplier negotiations. Walmart is also implementing AI-driven logistics and procurement.
They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few. To navigate this changing regulatory landscape, solutions such as Global Trade Compliance, Multi-Enterprise Supply Chain Networks, and Supply Chain planning will be in high demand.
The fragmentation of data and processes was creating blind spots, inefficiencies, and ultimately, vulnerability to disruption. The days of quarterly reviews and annual procurement cycles are giving way to a much more dynamic, responsive approach to supply chain management. This insight wasn’t merely theoretical.
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. Using Automation Driven Data for Improved Actionable Insights. Find Freight Capacity & Reduce Freight Costs with Automated, AI, & Blockchain Driven TMS. We look forward to having you at this webinar! AM PST, 2.00
Sudden tariff increases can quickly make a cost-optimized procurement strategy untenable, leaving companies scrambling to adjust. These simulations are especially valuable when theyre integrated into digital twinsreal-time models of supply chain networks that reflect current data and assumptions. Visibility is the next critical step.
That’s where data analytics comes in. Modern supply chains thrive on real-time data, execution-focused applications, and dynamic decision-making. In this post, we’ll explore how data analytics can revolutionize your supply chain. Demand Forecasting: Analyze past data to predict future needs.
Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions. For use cases like tariff calculation, a large data model can be implemented using public cloud architecture with proper permissions. Consequently, demand for robust GTC solutions will continue to rise.
As Procurement teams are tasked to do more with less in an increasingly complex and uncertain market, digitization has become a must. Procurement leaders have increasingly turned to Spend and Supplier Management platforms to improve decision-making, efficiency and collaboration. Payback in under 6 months.
That tightly integrated advanced planning (APS) coupled to Enterprise Resource Planning (ERP) using order data is sufficient. I think that the answer has five parts: The Belief that the Industry Has Best Practices. Functional Metrics and the Lack of Alignment to Strategy. The Lovefest with Shiny Objects.
That’s the power of manufacturing data collection. Data transforms operations. Manufacturing data collection is your secret weapon for boosting efficiency, cutting waste, and staying ahead of the competition. Let’s dive in and unlock the potential of your manufacturing data.
Companies find it difficult to fully trust the data from suppliers, complicating efforts to ensure product authenticity, safety, and ethical sourcing. FDAs Drug Supply Chain Security Act (DSCSA) and global standards like ISO 20400 for sustainable procurement are driving companies to adopt blockchain for improved compliance and accountability.
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.
The ability to drill down into this data at multiple levels ensures that sustainability measures are implemented and optimized for various supply chain segments. By embedding carbon considerations directly into transportation planning, organizations can make data-driven decisions that balance cost, efficiency, and environmental impact.
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