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When you talk to companies that have implemented enterprise or supplychain applications, executives will usually admit that they have under-invested in training and preparing users to use the new technology. Molex implemented a multi-enterprise supplychain network platform from SAP called SAP Business Network.
I laugh when business leaders tell me that they are going to replace their current supplychain planning technologies with “AI.” Each supplychain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions.
In the fast-paced world of modern supplychains, traditional forecasting methods fall short. Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks.
Technology can change or even improve work. Companies today making a fundamental mistake: they are attempting to automate current processes with AI versus challenging and redefining work. Today, in supplychain planning, this could not be further from reality. What’s missing? This bearish attitude is well-founded.
Strategic sourcing and innovative solutions are often viewed as two distinct procurementtools, 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 procurementexcellence. Click here!
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Definition: Procurementtransformation is the strategic overhaul of how a business buys goods and services. This approach focuses on changing procurement holistically beyond minor tweaks, starting from strategies to organizational structures. Procurementtransformation has several objectives.
CAGR , the global supplychainmanagementsoftware market is expected to touch USD 50 billion by 2032. This one figure speaks volumes about how organizations worldwide want access to the best supplychainmanagementtools to boost efficiency and value in their distribution and logistics network.
Ivalua NOW AMER 2025 in New Orleans was an event that exceeded all expectations, delivering an unforgettable experience for our thriving procurement community. The vibrant energy of the “Big Easy” served as the perfect backdrop for two days of discussions, technology showcases, networking opportunities, and a few beignets along the way.
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” At that time, the sales organization used more point-of-sale data than their competitors, they had an impressive and innovative IT team, and their supplychain processes were what I considered best-in-class. The use of the supplychain as a functional organization within the organization to reduce costs.
I am a big believer in procurement getting involved as early as possible in new product development based on all the market knowledge available. The worst-case scenario is product engineering developing a new product, selecting a supplier and then telling procurement to get on with negotiation. How often do your purchase orders change?
Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.
Top 3 ProcurementTechnologies to Embrace in 2025 Staying ahead of key procurementtechnology and advancements is essential for CPOs who want to improve spend cost reduction, drive strategic value, and navigate the increasingly complex procurement landscape.
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How Kechie ERP SoftwareTransforms Operations Across Key Business Sectors How are companies managing the external and internal challenges that increase the complexity of their operations every day? That solution is Kechie ERP, a configurable, user-friendly tool designed to support businesses of all sizes.
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Yet many manufacturers still rely on disconnected tools and legacy ERP systems to manage what has become a fast-moving, data-driven, multi-site operation. Fragmented data across finance, supplychain, and production slows decision-making and creates blind spots across the value chain. It’s a system of action.
Managing spare parts inventory has always been a delicate balancing actexcess inventory ties up capital, while shortages risk costly downtime and production delays. In asset-intensive industries, this challenge has only intensified with the growing complexity across supplychains. What is Spare Parts Inventory Management?
Managing spare parts inventory has always been a delicate balancing act—excess inventory ties up capital, while shortages risk costly downtime and production delays. In asset-intensive industries, this challenge has only intensified with the growing complexity across supplychains. What is Spare Parts Inventory Management?
The world of procurement is constantly evolving, demanding professionals with the right skills and knowledge. Moreover, two popular options often considered are the MCIPS qualification from the Chartered Institute of Procurement & Supply (CIPS) and the Procurement Track offered by SCMDOJO.
In the age of relentless disruption, razor-thin margins, and digitally empowered customers, the retail industry must rapidly evolve to stay relevant. AI in retail supplychain is no longer an innovation to observe—it’s a strategic imperative to adopt.
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In 2025, the landscape of spare parts management is undergoing a seismic shift. Maintenance, Repair, and Operations (MRO) professionals, heads of maintenance, and spare parts managers are navigating an environment shaped by supplychain volatility, legacy infrastructure, and an explosion of data.
The success of your business links inextricably to the performance of your supplychain. you have to make your supplychain successful too. SupplyChain and Business Success By the Numbers Now for those statistics I mentioned. If you want business success (and who doesn’t?),
In the age of relentless disruption, razor-thin margins, and digitally empowered customers, the retail industry must rapidly evolve to stay relevant. AI in retail supplychain is no longer an innovation to observe—it’s a strategic imperative to adopt.
They integrate finance, HR, sales, and supplychainmanagement into one complex platform. Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. Keep reading to learn: What Is ERP in Procurement? Frequently Asked Questions What Is ERP in Procurement?
How Documentation Happens in Logistics Accurate documentation in logistics requires structured processes and reliable methods to capture, record, and transmit essential information at every stage of the supplychain. Thus, transcription services convert this content into structured digital documents.
Many of the managers I speak with are buying into the application of artificial intelligence in the workplace, but often struggle to identify specific processes that are best suited for AI.I Bots are technologies that can grab an API key and follow a command. Bots are technologies that can grab an API key and follow a command.
In capital-intensive industries, MRO is the silent enabler of operational continuity, and often the weakest link in the supplychain. Interestingly, despite its critical importance, MRO is frequently treated as a procurement function rather than a strategic lever. Leading organizations are starting to change that.
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Customer Portal Partner Portal Contact John Galt Solutions Atlas AI-driven SaaS platform that connects and orchestrates your entire supplychain. Inventory optimization is one of the most visible places where organizations expect to see a return from supplychain investments. You implemented the processes.
Amsterdam, NL – aim10x Europe, hosted by o9 Solutions, brought together more than 300 senior leaders from supplychain, commercial, and IT functions for a focused day of discussion on digitaltransformation. We needed a complete mindset shift,” Adnan stated.
In 2025, the landscape of spare parts management is undergoing a seismic shift. Maintenance, Repair, and Operations (MRO) professionals, heads of maintenance, and spare parts managers are navigating an environment shaped by supplychain volatility, legacy infrastructure, and an explosion of data.
And if your organization is big enough to need a Chief Procurement Officer , that person is directly or indirectly responsible for every stage of that journey. Rather than treat procurement as a series of disparate tasks, global organizations in all sectors implement efficiency across the source-to-pay journey. the public sector).
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