This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
The adoption of AI in supplychainautomation is enabling companies to make more accurate decisions, reduce cycle times, and better manage complexity. AI in supplychainautomation is gradually reshaping how core functions operate, particularly in procurement, warehousing, and logistics.
Why Transformation Is a Boardroom Priority Supplychainmanagement is now a core strategic concern for business leaders. Companies that fail to modernize face supply shortages, revenue loss, and regulatory risks. A data-driven, technology-enabled approach is required to build resilience and efficiency.
Jack Fiedler, the vice president for digitaltransformation of the global supplychain at Lenovo Lenovo is ranked tenth by one leading analyst firm among a list of global companies with exceptional supplychains. Jack Fiedler : We’re unique in the technology industry.
The technological landscape is dynamic and changes quickly. And for procurement and supplychain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle.
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.
Harvard Business Review recently published an article, “ To Build Resilience, CEOs Need to Become Supply-Chain Experts ”. In this article, we wanted to discuss one aspect of supplychain that is often not given enough attention – building strategic relationships and shared value with direct spend suppliers.
Imagine a world where supplychains run with complete transparency, efficiency, and automationwhere every transaction, shipment, and payment are executed seamlessly without intermediaries slowing things down. For decades, supplychainmanagement has encountered bureaucratic bottlenecks, inefficiencies, and trust issues.
The new year has arrived and so has the new wave of noteworthy news coming out of the supplychain space. A first-of-its-kind research project was published by the FAIRR Initiative, addressing human rights violations and overfishing in the seafood supplychain. As the year marches on, you can count on weekly updates here!
But investing in supplychain and procurementtechnology will help manage inflationary pressures better. Here are 3 tools that GEP recommends for your company to use. As inflation and geopolitical instability worsen, many companies are going slow on investments.
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.
Over the past five years, supplychains have faced unprecedented challenges. E-commerce demands, trade pressures, and increasingly complex supplier networks have necessitated executives to raise concerns about their supplychain operations. Managing them requires strong technical and interpersonal skills.
In a survey we conducted in October 2020, 91% of our Indago supplychain research community members, who are all supplychain executives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
As a supplychain executive, picture beginning your day with a cup of coffee when a news alert notifies you of newly imposed tariffs affecting your primary suppliers in China. Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. What Is Agile Procurement?
A new survey shows 55% of enterprises anticipate a major supplychain disruption to strike any time. With disruptions looming, procurement and supplychainmanagers are stepping up their game. What new tools and strategies can help? No wonder, resilience is a top priority today. And guess what?
Historically, supplychain leaders managedsupplychains in a world of abundance. There are many factors: war, supply shortages, climate change, labor (knowledge and availability), and shifts in governmental regulation. It was never measured or managed. Don’t have digital twin technology?
Supplychain disruptions have become a persistent operational risk. Traditional supplychain planning, which relies on historical data and reactive adjustments, is no longer adequate for managing these challenges. Amazon is a leader in AI-driven supplychainmanagement.
When one thinks of supplychainsoftware vendors, the name InterSystems may not spring to mind. 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. Who is InterSystems?
Procurement and supplychainmanagement 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.
As early as next year, procurement and supplychain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supplychains.
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.
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.
India’s growth story can continue if it streamlines and effectively manages its supplychain like the iconic dairy brand Amul that recently entered the US market. Amul’s supplychain model is a well-structured and decentralized cooperative framework that focuses on efficiency and farmer welfare.
Supplychain sustainability is increasingly important for companies facing expectations from investors, regulators, customers, and employees. Integrating ESG across supplychains presents clear operational and strategic challenges that require focused attention. Data collection and verification remain areas of concern.
Low-code/no-code is a powerful innovation in software development that’s already redefining what’s possible with digitalsupplychain and procurement platforms. Read this whitepaper from TechTarget and GEP to see how it can benefit your enterprise.
Others had already pressure-tested their supplychain strategies for moments like this. That’s why real-time supplychain orchestration is no longer a nice-to-have. Scenario modeling, running what-if simulations to stress-test sourcing, pricing, and inventory decisions, has become a cornerstone of supplychain strategy.
However, as carbon taxes and emissions reporting requirements continue increasing, supplychain professionals face mounting pressures from inside and outside their organizations to measure and improve performance against new, nebulous sustainability metrics. Sustainability is high on the list of favorite corporate buzzwords.
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?
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?
Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supplychain disruptions and geopolitical tensions.
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.
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.
Home No More Black Swans: The Age of SupplyChain Uncertainty Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses. Everything should be expected and planned for.
Robotic Process Automation (RPA) refers to process automation that combines process steps with decision models or business rules with little to no human oversight. APQC conducts research on supplychain and logistics to help organizations assess the performance of their own processes and functions compared to their peers.
In 2025, many challenges will persist, but procurement and supplychain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). You name it, and you’ve had to navigate it.
Direct and indirect procurement are two fundamental approaches in supplychainmanagement, 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.
Supplychains, which facilitate the movement of products from manufacturers to consumers, have historically encountered issues such as inefficiency, fraud, and a lack of transparency. Blockchain technology is supporting this by providing a secure, decentralized, and tamper-proof method for real-time product tracking.
Thirty percent of digitaltransformation projects meet expectations. They are focusing on how Infor creates value through insights, automation, and process. Industry-specific content is available for processes like Source to Settle, Procure to Pay, Order to Cash, and more. RPA automates manual and repetitive tasks.
I find that most companies’ understanding of supplychain planning is immature, and that next week, at the Gartner SupplyChain Summit in Orlando, that many will don their Mickey ears to discuss what I consider outdated supplychain planning models. How can I improve the process of software selection?
Your Roadmap to Smarter Spend Management in 2024 Geopolitical, economic and supplychain challenges will stick around in 2024, but don’t despair. There are strategic opportunities to leverage AI-powered technology and digital toolsets to overcome these hurdles more effectively.
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supplychains become more interconnected and risks more dynamic, traditional procurementtools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supplychains become more interconnected and risks more dynamic, traditional procurementtools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.
In the fast-paced world of modern supplychains, traditional forecasting methods fall short. Advanced supplychain planning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supply planning, and inventory optimization.
In this type of environment, traditional procurementsoftware 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.
In the face of volatile macroeconomic conditions and other complex challenges, supplychain and procurement pros must strike a tough balance between seemingly contradictory demands: boosting performance and sustaining and extending business operations, all while meeting customers’ needs.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content