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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.
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.
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.
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Together, these procurement strategies are essential for robust, efficient business operations. Discover how Ivalua can transform your direct and indirect procurement.
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
Indirect procurement sometimes flies under the radar, but its impact on cost, compliance, and efficiency can be significant. However, when left unchecked, mismanaged indirect procurement can cost a lot of money, pose audit risk, and a lack of transparency into who’s buying what – or why. What Is Indirect Procurement?
If you’re evaluating procurement technology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.
Companies often push aside procurement compliance to focus on more pressing issues. No wonder—procurement often gets tedious and burdened with time-consuming processes. However, ignoring procurement compliance is like ignoring a ticking time bomb. Scroll down to find out: What is procurement compliance?
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. Keep reading to learn: What Is ERP in Procurement?
Therefore, optimizing spare parts management is crucial for the success of supply chain, manufacturing, and maintenance operations. Sourcing Procurement of spare parts is complex, requiring careful consideration of factors such as customer demand, supplier risks, compliance, and delivery times. appeared first on ThroughPut.
Category management isn’t just another procurement trend. What procurement teams need is a clear view of their spend, tighter control, and a strategy that delivers lasting value—exactly what category management provides. The goal is to get the best results from every category. It’s tactical and short-term.
trade and support domestic manufacturing. Holding the ball All of this uncertainty has left supply chain managers in a difficult position, balancing how much inventory to procure, how much it will cost, and how much they’ll actually need as consumer health remains in question. To request a SONAR demo, click here.
For example, you might choose one electronics manufacturer to supply all your circuit boards, even if five others could do it too. While both procurement strategies have their uses, don’t spend precious time debating single source vs. sole source. Examples of single-source procurement What is sole sourcing? The reason?
For manufacturers and distributors using OptiProERP, which is built on SAP Business One, these AI innovations deliver tangible benefits. With this foundation, SAP Business One is evolving to include more AI capabilities across finance, supply chain, sales, and manufacturing processes. Ready to Explore the Power of AI in Your ERP?
ThroughPut AI: Best for supply chain analytics and decision intelligence WATCH ON-DEMAND THROUGHPUT AI DEMO With Artificial Intelligence (AI) and Machine Learning (ML), a very powerful force comes into play in your supply chain decision-making processes with ThroughPut AI.
In addition, poor visibility, unpredictable demand, and disjointed systems worsen the situation further and lead to inefficient procurement, misplaced stock, and emergency orders. This slows down response times, and also increases the chances of inaccuracies due to human error/bias. Business Challenges Addressed by ThroughPut.AI
How to build a should-cost model How to calculate should-cost: the formula Example of a should-cost model Should-cost modelling in procurement Pros and cons of using a should-cost model Best should-cost modeling software Frequently asked questions about should-cost modeling What is the should-cost model? Gather data. IHS Markit, Bloomberg).
According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction. The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.
A great example comes from a CPG company that restructured its raw material planning by grouping SKUs and locations then aligning these classifications to hit procurement minimums. Your supply chain is likely impacted by the effects of more than one attribute.
In addition, poor visibility, unpredictable demand, and disjointed systems worsen the situation further and lead to inefficient procurement, misplaced stock, and emergency orders. This slows down response times, and also increases the chances of inaccuracies due to human error/bias. Business Challenges Addressed by ThroughPut.AI
“At Aankhen, we believe the future of procurement is autonomous, intelligent, and trust-driven,” said Subhash Chowdary, Founder and CEO of fiChains. Interested enterprises can request early access or schedule a demo at ThroughPut.AI “ThroughPut brings operational foresight. We bring the execution muscle. .”
Ecosystem in Practice: Building a Best-In-Class Manufacturing Tech Stack Full Transcript Below: Rony Kubat All right. We found that a lot of our customers have just kind of started doing the smart manufacturing and digitization of operations, so these partnerships are new. Good afternoon, everyone. My name is Rony Kubat.
But forced labor often happens at the raw material extraction level or in mid-tier manufacturing. Whether you’re in automotive, electronics, life sciences, or manufacturing, now is the time to operationalize transparency and resilience—not just in theory, but across every tier of your supply chain.
At Aankhen , we believe the future of procurement is autonomous, intelligent, and trust-driven,” said Subhash Chowdary, Founder and CEO of fiChains. Interested enterprises can request early access or schedule a demo at ThroughPut.AI ThroughPut brings operational foresight. We bring the execution muscle.
At Aankhen , we believe the future of procurement is autonomous, intelligent, and trust-driven,” said Subhash Chowdary, Founder and CEO of fiChains. Interested enterprises can request early access or schedule a demo at ThroughPut.AI ThroughPut brings operational foresight. We bring the execution muscle.
As a former buyer specialist turned Presales consultant for QAD, Ive seen firsthand how Supplier Relationship Management (SRM) solutions can transform procurement processes. This apprehension can hinder progress and prevent organizations from fully realizing the advantages that effective SRM solutions can bring to their procurement processes.
Customs and Border Protection (CBP) that their products are not manufactured, wholly or in part, using forced labor from the Xinjiang Uyghur Autonomous Region of China (Xinjiang). Request a demo to understand how the Exiger enhanced UFLPA solution can help your enterprise identify potential forced labor risks across the supply chain.
Manufacturing Varied components: Manufacturing units source multiple components from various suppliers, a scenario that can be exploited with duplicate or fake invoicing. Anna Inbound Sales Representative at Precoro We'll help ensure 100% compliance with your procurement policy across all departments and locations.
The tariff hike has driven a sharp drop in China – US container flows with manufacturing in China also being negatively impacted. Many US importers have paused orders out of China, but shippers (as well as manufacturers) can hold out only so long before consumers will start to see empty shelves or higher prices.
So while the 145% tariffs drove a drop of 35% or more in China-US ocean volumes since early April, were likely to see a significant demand rebound in the near term as shippers replenish inventories that may have started to run down in the past month and as many Chinese manufacturers have high levels of finished goods already ready to ship.
Schedule time with our team to book a meeting or connect for a demo. Request a demo The results are in Exiger is named a Leader in the 2025 Gartner Magic Quadrant for Supplier Risk Management Get the Full Report : 4.8 / 5 : 4.5 / 5 based on 31 ratings. NewsNation – April 11, 2025 U.S.-China
Schedule time with our team to book a meeting or connect for a demo. Request a demo Exigers Tariff Intelligence Solution The 1Exiger platform can assess tariff impact with a user interface that’s configurable to your needs and provides insights to keep you prepared in case of tariff volatility.
The magnitude of exposure for many industries is evident in this chart: Taking cars and trucks imported into the US from Mexico as an example, Exigers Supply Chain Explorer identified over 1,400 companies that will be affectedincluding several major auto manufacturers. manufacturers and slowing progress in critical sectors, he says.
The 6 Best Industrial Marking Machine Manufacturers By Claire Lloyd (pictured) Content Writer 124 Views Industrial marking machines help companies maintain accuracy, efficiency and compliance. Manufacturers rely on these machines to keep workflows running smoothly and avoid costly errors or rework. Telesis Technologies, Inc.
3-D Printing: localization of manufacturing through the sharing of digital images using additive manufacturing. The 1610 SAP S/4 HANA release includes advancements in response management (allocation, ATP and order management) and procurement tracking and collaboration of purchase order workflows.
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.
Trey is the Co-founder and CEO at Amplio , an Atlanta based tech firm that predicts and prevents material and parts shortage for companies in the electronic manufacturing space. Trey Closson is the Co-founder and CEO at Amplio, an Atlanta based tech firm builds supply chain resilience for electronics manufacturers. About Trey Closson.
Globally ten percent of jobs are in manufacturing, while 37% are associated with supply chain management. They are impatient that they know more about pizza’s status for lunch before their zoom meeting than the inbound shipment status for their critical manufacturing run. Reflection. The supply chain career is new.
Supply chain leaders from planning to procurement to logistics face labor shortages and cost concerns, so they want to reduce workforce time spent on manual activities. The table needs to be able to be manufactured and delivered to meet demand on time in full (OTIF), to achieve customer satisfaction. Check the reviews of your provider.
While companies have capitalized on globalization over the last few decades, the COVID-19 pandemic exposed a number of weaknesses within supply chain and procurement industries. Overall, while relocating may be an investment at first, many procurement leaders agree that the benefits of having a supply chain closer to home are worth it.
In the dynamic world of manufacturing, the quest for operational excellence is unending. QAD’s Industrial Transformation Platform At the heart of QAD’s solution portfolio is the Industrial Transformation Platform , designed to empower manufacturing and supply chain enterprises to become Adaptive Enterprises.
This year, our discussions covered Invoice Automation, Scope 3 Emissions, Contract Management, Supply Chain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice. With the support of technology, procurement is well-positioned to help organizations adapt to today’s uncertain world,” he added.
In the communications, media, and high-tech industries, for example, it’s common for original equipment manufacturers (OEMs) to price goods on a cost-plus basis, with incentives to expedite hot products, such as the latest smartphone. These functions must integrate easily into current logistics, invoicing , and procurement processes.
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