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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.
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.
But change management is significantly more difficult when the technology deployed is used not just internally, but also by key trading partners. With PO collaboration, buyers send digital purchase orders over the network to suppliers or other trading partners. There were 65 material managers included in the initial rollout.
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. For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital.
Speaker: Rod Robinson - SVP of the Supplier Diversity Practice, Insight Sourcing Group
Supplier diversity programs are impactful and effective tools in your business strategy because they guarantee a diverse supplier base and ensure inclusivity within your ultimate procurement plan. Ready to get started?
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 manageprocurement 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?
5000 developers are working on product enhancements and extensions to the SAP spend management suite. Spend Management Takeaways SAP continues to invest in using generative AI to improve the user experience. While SAP has had procurement analytics solutions, last year at Spend Connect Live, SAP announced the Spend Control Tower.
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manageprocurement 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?
Medical and pharmaceutical manufacturers have faced increasing logistical challenges over the past two years. This report, produced by Worldwide Business Research, explores the progress companies have made toward supply chain digitization and logistics maturity.
BSR Releases Their Future of Supply Chains 2025 Outlook The Future of Supply Chains 2025 primer by BSR outlines key procurement priorities and forces of change that will shape supply chains. It emphasizes the importance of cost savings, supply base rationalization, risk management, strategic foresight, and supplier collaboration.
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.
Procurement became a logical place for leading healthcare systems to focus. As vice president of supply chain and procurement, Mr. Wengert was brought in to drive change. Hospital chains’ approach to procurement lagged far behind the practices employed by manufacturers, retailers, and distributors. “We
For decades, supply chain management has encountered bureaucratic bottlenecks, inefficiencies, and trust issues. Even digital advancements, like Enterprise Resource Planning (ERP) systems, only partially solve these challenges because they still need centralized oversight and reconciliation.
Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst
The supply chain management techniques that dominated the last 30 years are no longer supporting consumer behavior or logistics and manufacturing capabilities. Forecasting techniques to manage inventory. Procurement strategies in response to network delays and bottlenecks. So what’s working now?
Deeper tiers of the supply chain, where critical environmental and social risks often exist, are harder to monitor and manage. Procurement and sustainability functions often operate independently, leading to inconsistencies when ESG criteria are applied during sourcing and supplier management.
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.
Home Making Logistics Data Actionable: Insights from Freightos and Gryn July 7, 2025 Blog Data is the backbone of efficient decision-making. However, transforming raw data into actionable insights remains a significant challenge for many logistics organizations. strive for cost savings and to increase supply chain performance.
Geopolitical instability, extreme weather, labor shortages, and fluctuating consumer demand regularly impact global logistics. Traditional supply chain planning, which relies on historical data and reactive adjustments, is no longer adequate for managing these challenges. Amazon is a leader in AI-driven supply chain management.
In “Navigating the Numbers: Tariffs, AI, and The Future of Supply Chains”, Joe Lynch and Corey DeSantis , BDO’s Logistics and Transportation Subject Matter Expert, discuss the evolving landscape of global trade, the transformative power of artificial intelligence, and strategies for building resilient supply chains for tomorrow.
India’s growth story can continue if it streamlines and effectively manages its supply chain like the iconic dairy brand Amul that recently entered the US market. Direct Procurement : Milk is collected directly from farmers at the village level. This empowers them to have a stake in the business and share profits.
Orchestration – the real-time coordination of supply, logistics, and demand – is becoming the new standard. Platforms like Maestro allow companies to model what-if cases in minutes, powering faster, more informed decisions across sourcing, pricing, and procurement. Tariffs, labor shocks, and geopolitics aren’t going away.
Jack Fiedler, the vice president for digitaltransformation of the global supply chain at Lenovo Lenovo is ranked tenth by one leading analyst firm among a list of global companies with exceptional supply chains. We have a lot of in-house solutions that we’ve built for our digitaltransformation, which is my area of expertise.
Crisis vs. Continuity, Where the Line Falls Crisis management is the immediate response to something unexpected and high impact. Real-World Examples Maersk (2017): A ransomware attack crippled IT systems across its global logistics network. Many companies have documented response plans, risk registers, and compliance frameworks.
Supply chain planners are now frequently tasked with initiating transformations to address these various pressures. Planners are uniquely positioned with an end-to-end focus, from procurement of materials, through manufacturing and engineering, to the movement, storage, and delivery of finished products or services.
Thirty percent of digitaltransformation projects meet expectations. Industry-specific content is available for processes like Source to Settle, Procure to Pay, Order to Cash, and more. IDP converts paper-based documents into automated digital processes. Infor calls this the Value Void.
When both regulations are in effect in 2027, the corporate supply chain within which we currently work will be transformed. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.
Sudden tariff increases can quickly make a cost-optimized procurement strategy untenable, leaving companies scrambling to adjust. When a new tariff is proposed, companies using AI-based forecasting tools are often able to adjust their sourcing or logistics strategies well before the policy takes effect.
As part of the workshop, we are developing a list of Do’s and Don’ts related to Distributor Management. Do Invest in Distributor Capability Building : Provide training, digital tools, and performance incentives. Do Embrace Technology and Data : Use real-time data for demand forecasting, inventory management, and route optimization.
When you combine the volume, complexity, and speed with which decisions need to be made and executed, the current way companies manage this is unsustainable. Decisions need to be digitized. They aim to achieve the same success in supply chain management that they have achieved in the healthcare sector. Who is InterSystems?
However, logisticsmanagers cannot deliver against todays goals with yesterdays TMS systems. To achieve traditional supply chain outcomessuch as reducing costs and managing lead timesTMS systems generate insight and foresight into these metrics during planning and execution processes.
Not just for IT departments or data scientists, but also for the people who manage daily operations, procurement leads, planners, and inventory analysts. Created lookup tables and transformation rules to automate future loads. This means it can: Embed semantic search into procurement or customer service workflows.
There are actions within a supply chains control that can make a real impact without requiring an overnight transformation, and that provide agility, flexibility, and resilience in the face of uncertainty. Practical Strategies for Managing Tariff Volatility 1.
The company saved 700 man-hours annually on admin and increases its share of certified suppliers by 20% Madrid, 13th May 2025 JAGGAER bolsters the digitalisation of procurement processes at Cosentino, a Spanish family-owned company with an international presence and a world leader in the production of surfaces for architecture and design.
Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities This supply chain article provides a comprehensive overview of the procurement department within an organization. Read In Detail About Procurement Department Here 2.
From raw material sourcing to logistics and regulatory compliance, stakeholders across the value chain will need to prepare for structural adjustments. For companies managing large product portfolios, the scale of these changes will be resource-intensive and time-sensitive, particularly given the proposed 2026 target for full transition.
In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Overcoming Unique Challenges in Spare Parts Supply Chains Spare parts supply chains present unique challenges that differ significantly from traditional finished goods logistics.
" * " indicates required fields Email * Consent * I agree to receive logistics, freight tech, and commercial emails. Procure : Streamlined procurement and cost savings with digital rate management and automated workflows. Join 60,000+ Supply Chain Experts Who Never Miss an Issue!
When it comes to risk management, assessing the likelihood of various outcomes, and preparing accordingly, is vital. Paul Maplesden , Lead Content Strategist for Logistics and the Supply Chain at GEODIS, explains, “Mapping out key supply chain partners, routes and other factors is a good first step toward resilience.
When a speaker wafts eloquently on one of these terms that I hate, I have to manage the inner Lora. Examples are consensus forecasting, the evolution of the SCORE model, the Annual State of Logistics Report, and the Gartner Top 25. During the pandemic, logistics was a constraint. business logistics costs totaled $2.3
In the end-to-end source-to-pay (S2P) process , strategic sourcing is the link between spend analytics, category management and contracts management, and is supported by supplier intelligence. cost, products, legal terms, logistics etc.) Your focus here is to get security of service at a good price.
When you look behind the scenes of a global business operation, procurement strategy and supply chain management are usually top priorities, though theyre not always working in sync. This blog explores procurement vs supply chain strategy and looks at how aligning the two leads to operational excellence.
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.
Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. The right procurement strategy ensures that organizations: Mitigate risks before they escalate. Want to future-proof your procurement function?
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