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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.
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.
Companies leaning heavily on global sourcing? Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. What Is Agile Procurement? Agile procurement is your lifeline.
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.
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.
The adoption of AI in supply chain automation is enabling companies to make more accurate decisions, reduce cycle times, and better manage complexity. AI in supply chain automation is gradually reshaping how core functions operate, particularly in procurement, warehousing, and logistics.
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?
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. Building supplier capabilities while maintaining sourcing flexibility requires additional investment.
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.
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?
Scenario modeling, running what-if simulations to stress-test sourcing, pricing, and inventory decisions, has become a cornerstone of supply chain strategy. Orchestration – the real-time coordination of supply, logistics, and demand – is becoming the new standard. They’re the norm. It’s a boardroom imperative.
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
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.
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.
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.
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.
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. Design product flexibility to include materials sourced for US and non-US markets or quickly adapt to different sources of materials.
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.
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. Companies with dual sourcing and buffer inventory got back on track faster.
Reducing cost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. Sudden tariff increases can quickly make a cost-optimized procurement strategy untenable, leaving companies scrambling to adjust. Procurement is another area seeing change.
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.
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?
From raw material sourcing to logistics and regulatory compliance, stakeholders across the value chain will need to prepare for structural adjustments. Sourcing and Ingredient Availability A central impact of this policy is the need to replace synthetic colorants with natural alternatives.
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 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
Companies find it difficult to fully trust the data from suppliers, complicating efforts to ensure product authenticity, safety, and ethical sourcing. Instead of depending on a single central authority, blockchain establishes a shared digital ledger where every transaction is permanently recorded, making it impossible to alter past records.
Data Fabric Studio: One Place to Start At the center of the discussions was the InterSystems Data Fabric Studio , a cloud-based system designed to integrate and organize data from multiple sources. Created lookup tables and transformation rules to automate future loads. Time to deploy? Less than a week! Reconcile it across systems.
What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. It is called strategic because it replaces traditional ad hoc approaches to sourcing, which were almost entirely focused on cost savings, item by item.
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.
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.
By 2027, when both the UFLPA and FLR are fully operational, the global supply chain landscape will have transformed significantly. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions.
Digital Opportunity for 3PL Logistics Operations! Below are some common problems in supply chain management and how they can be mitigated with the assistance of software solutions and digital strategies in logistics. Effectively managing suppliers becomes crucial in parallel with meeting customer expectations.
Today, however, TGW Logistics is also benefiting from significant cost savings: in 2023 alone, process costs were reduced by around 2.4 TGW Logistics decided to introduce JAGGAER One back in 2016, as the company’s growth had led to new challenges in global purchasing. million euros.
Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. Technology integration: Leveraging digital tools to enhance visibility and decision-making.
What is Vendor Relationship Management (VRM) and Why It’s Essential for Your ERP and Inventory Software? Strong vendor relationships are critical for business success, especially when it comes to managing inventory and procurement. Why is Vendor Relationship Management Important?
They write, “This includes tackling bigger issues such as compliance, supplier relationship management, risk and disruption, responsible sourcing, and transparency. ” Logistics optimization. ” Sourcing optimization. If you think this sounds like an enormous task, youd be right.
In today’s interconnected world, ethical sourcing has transitioned from a “nice-to-have” to a critical imperative for businesses across all sectors. This heightened awareness places a significant responsibility on procurement professionals to ensure that their supply chains align with ethical and environmental standards.
That, at least, is the theory behind mathematical optimization, and the way it’s being applied to supply chain management today. Bowman, SupplyChainBrain Supply chains consist of imperfect humans struggling to make perfect decisions. In the end, though, it all comes down to a game of numbers.
Because logistics are tightly woven into production, fulfillment and the customer experience, the impact of a transit issue, like a delayed shipment, can quickly ripple across the whole business. And cross-functional teams — from procurement and sales to finance and customer service — are left scrambling to react. Assembly lines pause.
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. The result: a $3.2
But amid the ups and downs, one thing remains constant: the need for agility and adaptability in supply chain management. Automotive: Managing tariffs; overcoming supply constraints and cost surprises For automotive manufacturers , tariffs don’t just impact costs—they create major supply constraints.
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