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Our daily lives are inundated with data. Supply chain teams face a similar dilemma – companies are overloaded with vast amounts of data, and the ability to sift through the noise and focus on relevant insights has become a critical capability. Why Context Matters Context transforms data into actionable insights.
Supply chain practitioners seeking the best way to speed decision intelligence, unify supply chain data, and increase operational efficiency can benefit from a supply chain data gateway. Here are 10 ways a supply chain data gateway can improve your performance across the end-to-end supply chain.
Supply chain practitioners seeking the best way to speed decision intelligence, unify supply chain data, and increase operational efficiency can benefit from a supply chain data gateway. Here are 10 ways a supply chain data gateway can improve your performance across the end-to-end supply chain.
Companies leaning heavily on global sourcing? manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcingstrategy. Consequently, when shortages emerged, they had already secured alternative sources, thereby averting a significant disruption to production. For example, U.S.-based
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.
Our daily lives are inundated with data. Supply chain teams face a similar dilemma companies are overloaded with vast amounts of data, and the ability to sift through the noise and focus on relevant insights has become a critical capability. While the abundance of data is seen as an asset, the real question is: What do you do with it?
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. Data collection and verification remain areas of concern. Cost pressures can complicate ESG efforts.
Proactively adopting cleaner energy sources ensures alignment with these evolving regulations. The industry’s dependency on traditional energy sources necessitates an urgent shift toward cleaner alternatives. Transparent sourcing practices build trust among consumers and investors.
Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. Access to Unique Process and Asset Capabilities: Some suppliers offer unique skills, technologies, or processes that are not available in-house or through other sources.
Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. In this whitepaper, you’ll learn: Midmarket vs. enterprise BI needs Why you need more than BI basics Top strategies for gaining advanced insight into your business
One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.
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. moves to raise tariffs on goods from various countries. businesses (and American consumers) on Chinese imports.
As logistics networks become increasingly complex, the volume of real-time data generated by devices, equipment, vehicles, and facilities is growing rapidly. Edge computing processing data locally, near the source has emerged as a method to address these challenges by reducing latency and improving resiliency.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. This article delves into how these two elements, working together, can transform procurement strategies into long-term competitive advantages. Click here!
But, as leaders know, adapting to change is rarely a simple task and requires a fresh look at existing processes in planning and sourcing, inventory management, warehousing & distribution, and more. Key topics covered: Eliminating friction points and coping with the continual disruptions through a modern datastrategy approach.
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.
Want to be data-driven? Prepare for the journey by redefining your relationship with data. Data has a cycle as described by this quote from Techtarget.com. D ata management is the process of ingesting, storing, organizing, and maintaining the data created and collected by an organization. The reason? Definition?
Demand is at the Heart of Supply Chain Network Design The first step in the SCND process is translating business rules into a set of data inputs: demand, products, customers, sites, shipment rules, production details, and various constraints. Another strategy is to dedicate resources and build the best algorithm for demand forecasting.
The key to this lies with sourcing. Before diving further, let us define what sourcing is. Sourcing is the practice of finding and selecting suppliers for a range of services (e.g., Traditional sourcing practices tend to be highly manual and are fraught with latencies and inefficiencies. Digitalizing sourcing (i.e.,
Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes
Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention. 📅 September 18, 2024 at 11:00 am PT, 2:00 pm ET, 7:00 pm BST
Innovation Pillars: Diagnose: primarily powered by Infor Process Mining, this capability helps organizations gain visibility into business processes, uncover non-conforming variants, identify critical bottlenecks, and optimize operations based on data. The strategy strongly focused on enabling customer success and accelerating innovation.
The law mandates the Forced Labor Enforcement Task Force to develop strategies for enforcement and requires importers to provide clear evidence that their supply chains are free from forced labor. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.
Procurement AI enables teams to quickly process mountains of data, uncover hidden patterns, and automate repetitive tasks like invoice processing and supplier evaluations. Read on to explore key AI use cases in procurement, the challenges businesses face, strategies to overcome them, and the exciting opportunities AI brings for the future.
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.
Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen compliance. 📆 April 15th, 2025 at 9:30 AM PDT, 12:30 PM EDT, 5:30 PM BST
That’s where data analytics comes in. It’s the key to transforming your supply chain from a source of frustration into a well-oiled, profit-generating machine. Modern supply chains thrive on real-time data, execution-focused applications, and dynamic decision-making. Ready to get started? Let’s dive in.
Edge Hardware: The battle for edge hardware also intensified in 2024, as companies sought to deploy AI capabilities closer to the source of data. ChatGPT Search : This feature gives users a way to get answers from relevant web sources.
Shippers, brokers, carriers, news organizations and industry analysts rely on DAT for trends and data insights based on a database of $150 billion in annual market transactions. He is responsible for driving strategy, customer engagement, and industry analysis.
The law requires importers to provide clear and convincing evidence of a forced-labor-free supply chain and tasks the Forced Labor Enforcement Task Force with devising enforcement strategies. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions.
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. AMRs operate with autonomy, navigating complex environments using real-time data.
Ian Arroyo April 29, 2025 Blog As Freightos’ Chief Strategy Officer, I’ve had the privilege of witnessing firsthand how the logistics industry has transformed since COVID-19 disrupted supply chains worldwide. What’s become increasingly clear is that there are no more black swans in global logistics.
To improve,” the report rightly notes, “organizations should enhance supply chain visibility with robust data and analytics; use AI to foresee disruptions; keep business continuity plans current; and diversify supply sources, suppliers, manufacturing and logistics partners.”
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. These capabilities are now being integrated into mainstream TMS, WMS, and ERP platforms.
Data fabrics, knowledge graphs, a digital thread, and digital twin technologies are critical. However, Alex Pradhan, the global product strategy leader at John Galt Solutions, talks differently about what her company sees in the market. This creates a unified view by stitching together datasources in real time.
This move aligns with LGs strategy to expand its presence in the robotics sector, particularly in industrial automation, where its Production Engineering Research Institute is driving growth through AI and digital transformation. This approach helps companies meet regulatory requirements and address consumer demands for transparency.
In this commentary we focus specifically on the importance of a broader end-to-end data management framework while overcoming the fragmentation of data that is locked in separate, unconnected software applications.
Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcingstrategy.
… Additionally, data visualization allows companies to drill down into the variances and see where to make adjustments. They write, “This includes tackling bigger issues such as compliance, supplier relationship management, risk and disruption, responsible sourcing, and transparency. ” Sourcing optimization.
But now, it’s being activated through AI agents designed to automate sourcing, manage risk in real time, and reduce the friction thats long plagued procurement and finance functions. This move positions Coupa as the full-stack provider for planning, execution, and optimization in global sourcing. One standout moment?
The shortage has not impacted Charlottesville’s other major healthcare provider, Sentara Health as this organization sources its IV solutions from a different manufacturer. Data shows that Chinese car brands are quickly growing in sales representing over half of Russia’s new car sales.
Her approach blends data-driven strategy with a human touch, helping companies solve complex problems while creating space for collaboration. Offers national pallet management services, acting as a single source for pallet supply, retrieval, and tracking. Bettaway Pallet Systems, Inc.: Bettaway Beverage Distributors, Inc.:
This move aligns with LGs strategy to expand its presence in the robotics sector, particularly in industrial automation, where its Production Engineering Research Institute is driving growth through AI and digital transformation. This approach helps companies meet regulatory requirements and address consumer demands for transparency.
A data-driven, holistic approach is essential to ensure that organizations stay agile, cost-effective, and resilient during times of uncertainty. In this blog, well explore key strategies to enhance supply chain resilience and highlight how services like those offered by ModusLink can help businesses navigate these challenges effectively.
Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. In response, many organizations have shifted toward decentralized and regionalized supply chain models, distributing production and sourcing across multiple regions.
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