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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than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems.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.
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?
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.
In today’s dynamic market, procurement is far more than just a buying and purchasing center. Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Here are some key insights from the e-book.
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.
Similar results regarding AI were found in a recent Reuters Events, Supply Chain free-to-download report. Looking at AI, despite that 74% reporting that AI is already making a difference, just 12% report currently using generative AI and 47% machine learning.
Understanding how your Procurement and Supply Chain KPIs are performing isn’t just a nice-to-have; it’s essential for survival and growth. Why You Need Visibility of Supply Chain and Procurement KPIs? Running procurement and supply chain without metrics is like driving blindfolded. Are materials arriving when needed?
This learning platform covers every angle of supply chain management, from demand planning and inventory management to supplier relationship management, procurement, and logistics. Additionally, there are no hidden costs for accessing tools or downloadable resources like templates, checklists, and reports. Click here!
This article is derived from our newest SRM White Paper, “One Platform, One Vision – The Benefits of a Unified AI-Driven Supply Chain Planning & Procurement Decision-Making Platform” Ask a procurement leader and a supply chain planner about their biggest priorities, and you’ll likely hear two very different answers.
By digitalizing and automating their production planning processes, manufacturers can respond faster and more profitably when confronted with demand variability, materials shortages, logistics roadblocks and other supply chain issues.
The Supply Chain Matters blog provides observations and additional information perspectives related to the 2025 State of Logistics report. Background and Summary Earlier this month, the Council of Supply Chain Management Professionals (CSMP) released findings from its annual State of Logistics research report. percent of national GDP.
Businesses across APAC are gradually adopting AI and noticing clear benefits: Real-time visibility and better forecasting AI consolidates data from procurement, inventory, logistics, and fulfillment into one real-time view. Download the full report today. About 30% believe AI significantly boosts productivity and cuts costs.
These courses cover essential topics, from supply chain management fundamentals to specialized areas such as logistics, procurement, and sustainability. They don’t have a separate domain for supply chain management courses. Future Learn Certifications are also affiliated with multiple universities.
Overview: CSCMP Certification VS SCMDOJO CSCMP Certification They offer certifications, such as the ScPro, Certified Supply Chain Professional (CSCP), and Certified in Logistics, Transportation, and Supply Chain (CLTP). Lets dig deep and analyze what we need to know about both these platforms.
Whether it’s for design collaboration, procurement coordination, or regulatory compliance, being able to communicate across languages with speed and precision is critical. Translation as a Strategic Function Too often, translation is treated as an afterthought, something tacked on at the end of procurement or compliance workflows.
In addition, poor visibility, unpredictable demand, and disjointed systems worsen the situation further and lead to inefficient procurement, misplaced stock, and emergency orders. In asset-intensive industries, this challenge has only intensified with the growing complexity across supply chains. Business Challenges Addressed by ThroughPut.AI
COGS represents the direct cost of producing or procuring the goods that you sold (which you can later use to calculate gross profit). You need to accurately account for any new inventory procured and update your stock levels and inventory ledger accordingly. Example: Say your business makes candles.
Download our Training Catalogs Gone are the days of one-size-fits-all training programs and static skill sets. This personalization is particularly crucial in the diverse world of supply chain and procurement. From sourcing specialists to logistics managers, each role requires a unique skill set.
How to Achieve Flawless Fixed Asset Tracking with Mobile Barcoding DOWNLOAD NOW Strategies for Preventing the Bullwhip Effect While the bullwhip effect can pose significant challenges, businesses can implement various strategies to mitigate its impact and create a more stable and responsive supply chain.
In addition, poor visibility, unpredictable demand, and disjointed systems worsen the situation further and lead to inefficient procurement, misplaced stock, and emergency orders. In asset-intensive industries, this challenge has only intensified with the growing complexity across supply chains. Business Challenges Addressed by ThroughPut.AI
Obsolete stock, fragmented procurement workflows, and disconnected data only make the challenge harder. Provides insights into supplier reliability to inform procurement decisions. Download our solution brief to learn more. This is where software steps in. Supports strategic sourcing by highlighting top-performing suppliers.
Obsolete stock, fragmented procurement workflows, and disconnected data only make the challenge harder. Provides insights into supplier reliability to inform procurement decisions. Download our solution brief to learn more. This is where software steps in. Supports strategic sourcing by highlighting top-performing suppliers.
This means that it is paramount to thoroughly vet potential logistics partners to find one that’s best aligned with your needs and budget. A 3PL RFP (“request for proposal”) is an evaluation method and official documentation that companies use when searching for potential logistics partners for a specific project or service.
These agents address process areas related to inventory management, retail shelf planogram product planning, logistics operations, warehouse intraday operations planning and supply network operations. Agent applications reportedly include a co-innovation partnership with Microsoft AI Co-Innovation Labs.
Key Strategies to Optimize Tariffs and Build Adaptive Supply Chains In our opinion, tariffs are a constraint that must be modeled within the end-end supply chain model in addition to all other constraints such as production, logistics, consumer demand, interest rates, taxes, etc. The post Terrified of Tariffs?
Various strategic steps and procurement procedures are incurred to make informed decisions about inventory production. The 7 Stages of the Inventory Life Cycle Procurement Acquiring necessary goods and materials before starting a business is essential. Distribution/Logistics Timely and cost-effective product delivery.
Download Ware2Go’s eBook to effectively implement efficient warehousing and fulfillment processes that support the JIT approach. Partnering with a tech-enabled fulfillment company can enable you greater visibility into stock levels across your sales channels and warehouse locations to inform your procurement strategy for JIT inventory.
Entry-Level Positions Entry-level supply chain roles, such as logistics coordinators or inventory analysts, provide foundational skills and require analytical abilities, attention to detail, and software proficiency to manage shipments and stock effectively. Certifications such as CPIM or CSCMP enhance credentials and career prospects.
Background Within our research arms 2025 Predictions for Industry Specific Demand and Supply Networks ( Available for complimentary downloading within our Research Center website page ), we outlined three specific industries with the most consequential challenges during this year.
Areas span planning, procurement, manufacturing, logistics, customer fulfillment, product management and services. As in prior years, the report is being made available on a complimentary basis, but user registration is required for downloading.
SCMDOJO keeps its courses updated with the utmost feasibility of free PDF downloads that can help students get cheat notes and a platform to learn about their relevant and desired fields.
of GDP The Council of Supply Chain Management Professionals (CSCMP) and partners Kearney and Penske Logistics are out last week with the 2025 State of Logistics Report, looking primarily at 2024 data. Again this year, Penske Logistics funded the report development. of the total cost logistics number (versus 7.2%
Chief Supply Chain Officer or Chief Procurement Officer efforts directed at short and longer term strategy setting will be all consuming, depending on specific industry. That is quickly fleeting. Stay tuned. Bob Ferrari Copyright 2024, The Ferrari Consulting and Research Group and the Supply Chain Matters blog. All rights reserved.
Join Exiger at AFCEA West 2025 28 - 30 January 2025 San Diego Convention Center Days Hours Minutes Seconds Meet Up Hear from our experts on resilience, critical minerals, contested logistics, critical infrastructure, and emerging technology protection. What Comes Next?
Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Download white paper. Companies Will Seek New Ways to Use Technology in Procurement. Brexit Will Continue to Cause Disruptions in Procurement.
As logistics continues to grow more lucrative to the customer experience, 3PLs are playing an increasing role in the supply chain. To find the right logistics transportation services partner for your unique business needs, shippers should consider these five crucial characteristics. . Focus on Carrier Procurement and Management.
As a third-party logistics company focused on over the road transportation management, and having an LTL rating engine and web-based TMS for nearly 20 years (web-based even before Google!), at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well.
We continue our top blog posts of 2014 from our main categories today by focusing on something at Cerasis we are experts in : Logistics. If you are familiar with the term logistics, then you undoubtedly know it conjures up a different meaning to different people , different countries, and different companies even. Read the full Post.
These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. Download eBook.
The reality is that the speed at which the supply chain & logistics industries are changing are breathtaking. Download the all new Cerasis e-book "The Most Impactful Supply Chain & Logistics Trends in 2017" by Filling out the Form Below. Download all of our educational e-books here.
In today’s blog post we continue our look at the logistics technology trends that will shape 2018. In our first post on this subject, we addressed the 5 automated logistics technologies that will serve as the foundation of the transformation to the digital logistics & supply chain landscape. download ebook.
We release our second e-book today by focusing on strategic logistics and transportation management creates a competitive business advantage for shippers. You can download our first e-Book, "The Future Of Supply Chain, Logistics & Manufacturing: How Technology Is Transforming Industries" here.
With the rise of e-commerce, the value of logistics has grown. Logistics professionals can no longer simply go about standard operations, and the days of peaks and lulls have ended. The Top Logistics Trends that Will Impact Logistics Management in 2018. Download Here. It sounds great, but it comes with problems.
Managed transportation is about streamlining and centralizing the whole process of both inbound and outbound logistics, ranging from warehousing through delivery. Download the White Paper: Transportation Optimization: Its Strategic Role in Transportation Management. Learn More.
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