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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 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.
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?
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?
Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. This blog explores the most common challenges in digitalprocurement and the capabilities that matter most.
The DOE is still issuing large federal loans to startup companies, Novonix a synthetic graphite startup just received a $755 million loan to support its mission and reach its goal of producing 31,500 metric tonnes of synthetic graphite.
In this type of environment, traditional procurement software and manual processes are insufficient – and many procurement teams are looking to artificial intelligence (AI) for answers. Key Takeaways Understand the potential impact of AI – including Generative AI & AI Agents – in procurement.
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.
Background Most of the clients that I am working with are working on two large supply chain initiatives: Implementation of SAP RISE and Compliance with the EU Digital Product Passport initiative. In today’s architectures and functional metrics, value optimization does not exist. You are right. This work was expensive.
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to managesourcing, risk, and spend across the entire procurement lifecycle.
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to managesourcing, risk, and spend across the entire procurement lifecycle.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, 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 procurement excellence.
However, transforming raw data into actionable insights remains a significant challenge for many logistics organizations. Below, we dive into their key takeaways and explore five practical ways to make your logistics data actionable, with insights grounded in industry trends and high-authority sources.
Subscribe Strategic Supplier Relationship Management – Do’s and Don’ts At any given time, working with the resources of any business depends on procuring the right materials at the right time and at the right cost. Sourcing and procurement take on a meaning that transcends the mere buying of materials or services.
Historically, supply chain leaders managed supply chains in a world of abundance. It was never measured or managed. When we measure the bullwhip impact (in my class on outside-in process thinking), the bullwhip between manufacturing and procurement is 2-3X. Use a digital twin to quantify the impact on operating margin.
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. Use metrics like lead-time sensitivity, margin contribution, and order volume to prioritize. Companies with dual sourcing and buffer inventory got back on track faster. Key components include: 1.
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.
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 Set Clear KPIs and Governance Structures : Establish transparent metrics for sales, coverage, and service levels.
Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.
Procurement People should learn the Sales & Operations Planning (S&OP) Process. Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies.
The Power of Source-to-Pay DigitalTransformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items.
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.
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.
Drip Digital Supply Chain. The issue is that when companies optimize functional metrics, they throw the supply chain out of balance and sub-optimize value. Consider several factors rooted deeply into change management: The Role of the Planner. Industry 4.0. Drip Big Data. The Connected Supply Chain. Self-Healing Supply Chains.
It’s the key to transforming your supply chain from a source of frustration into a well-oiled, profit-generating machine. Connected technology transforms traditional supply chains into dynamic systems capable of real-time decisions and proactive problem-solving. That’s where data analytics comes in.
Subscribe DigitalProcurement Improves Supply Chain! And so are your procurement responsibilities. Sometimes, unforeseen disruptions, whether a natural disaster or an internal planning issue, can throw your procurement process off course. Effective lead time management is essential to avoid operational disruptions.
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?
That, at least, is the theory behind mathematical optimization, and the way it’s being applied to supply chain management today. Others cite the use of a “digital twin” — a virtual representation of an entire supply chain — to create and review various what-if scenarios. “I In the end, though, it all comes down to a game of numbers.
In today’s dynamic market, procurement is far more than just a buying and purchasing center. Forward-thinking organizations have transformed the department into an untapped gold mine that creates value for the entire end-to-end manufacturing process—from design and sourcing to production and delivery.
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.
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?
And cross-functional teams — from procurement and sales to finance and customer service — are left scrambling to react. Situational needs like these often guide short-term freight decisions, and over time, those choices can influence broader sourcing and shipping strategies, too. Assembly lines pause. Inventory buffers shrink.
Today’s fast-moving supply networks demand more than intuition; they require systems thinking, digital fluency, and strong data skills. A Masters in Management Information Systems, especially earned online, offers a practical edge. Blending IT and management concepts, the degree helps them design leaner, more adaptable operations.
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 sourcing strategy.
Image: iStock/JuSun June 18, 2025 Helen Atkinson, Managing Editor “The future is already here; it’s just not evenly distributed,” wrote William Gibson in his 1984 novel Neuromancer. SCB Feature Report From DPW: What’s Next for AI in Supply Chain? That’s because the promise of artificial intelligence for supply chain operations is huge.
The landscape of public sector procurement has undergone significant transformation in recent years, driven by advancements in technology, evolving regulatory frameworks, and an increasing emphasis on sustainability. Predictive analytics powered by ML helps organizations anticipate procurement trends and identify potential risks.
The global supply chain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects.
According to Deloitte Insights , 83% of digitally maturing companies use cross-functional teams to improve supply chain performance. Supply chain management training allows team members to understand and appreciate the interdependencies of various functions. Identify and resolve bottlenecks more effectively.
This leap in AI capabilities is revolutionizing industries, and AI-driven supply chain management is no exception. The Role of Agentic AI in Supply Chains Supply chains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting.
From procurement to delivery, supply chain leaders are expected to make faster, smarter decisions based on volumes of performance indicators, forecasts, and reports. The Rise of Visual Intelligence in Supply Chain Management Traditionally, supply chain data has lived in spreadsheets, ERP systems, or complex dashboards.
and other global players goes beyond policy change to the point where it is structurally transforming international trade as we know it. s introduction of a universal 10% baseline tariff, for example, may appear a manageable challenge at face value. The recent wave of tariffs introduced by the U.S.
Cost savings and climate action. metric tons per person and in the European Union 5.66 metric tons per person. metric tons per person and in the European Union 5.66 metric tons per person. metric tons. Procurement has changed But how does all this affect us in the procurement community?
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