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The rise of AI technology combined with Source-to-Pay (S2P) digitization are becoming key allies for leading procurement teams in their quest for ever smarter workflows, improved insights, and data-based decision-making. This makes it difficult for procurement teams to assess their impact or plan responses.
Below is an excerpt from a report published recently by Amber Road and the American Association of Exporters and Importers (AAEI) titled “ The Trade Trends Report: 2017 Report on Sourcing, Trade, and e-commerce.” This bring concerns for transportation costs as we see as the #2 area of importance for sourcing.
This blog offers a clear, practical overview of what spend analysis is, how it supports strategic sourcing, and why it matters for both direct and indirect procurement. When done right, spend analysis enables cost savings, supplier optimization, risk reduction, and more strategic sourcing decisions.
Download Now AI Solutions for Complex Demand Planning For supply chain professionals, managing demand involves analyzing multiple signals from diverse sources. A New Era of Demand Planning White Paper Learn more about these new demand models in this whitepaper.
By 2027, Gartner predicts that 40% of sourcing will be handled outside of the procurement function. Download this must-read guide to total procurement orchestration. How can procurement pros ensure that the process is efficient and unified for all users?
Click here if you would like to download our presentation on winning the supply chain wars By embracing digital transformation and strategic planning, businesses can turn their supply chains into powerful tools for success. ToolsGroups AI-powered solutions are helping companies navigate uncertainty and stay ahead of the curve.
Ivalua commissioned Forrester Consulting to conduct a Total Economic Impact (TEI) study , offering key insights into how companies can unlock substantial financial benefits and operational improvements by adopting Ivalua’s unified Source-to-Pay (S2P) platform. 393% ROI from process automation, better visibility, and replacing old systems.
AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies.
AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies.
Strengthen your operations with the Supply Chain Resilience Checklist. This practical, easy-to-use tool helps your organization prepare for disruptions and ensure long-term continuity in an unpredictable world.
This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supply chain. What Is Procurement Technology? Here are some of the most important tools teams are already using.
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The following Supply Chain Matters multi-part guest commentary is authored by Michael Lamoureux who provides over 18 years of experience and observations and experience in procurement sourcing technology applications. Michael is the Editor-in-Chief of the Sourcing Innovation blog. We’ll explore each of these. Why is this?
Digital procurement streamlines workflows and unifies data, enabling faster sourcing, better collaboration, and improved accuracy. Digital procurement is the use of digital technologies to enhance, automate, and optimize procurement processes across the entire source-to-pay (S2P) lifecycle.
Turning embedded analytics into a source of revenue means integrating advanced features in unique, hard-to-steal ways. Download the whitepaper to learn about Monetizing Analytics Features, and Why Data Visualizations Will Never Be Enough. Think your customers will pay more for data visualizations in your application?
Procurement is the strategic, big-picture approach to sourcing and supplier relationship management, while purchasing is the tactical execution of those plans. Procurement is the end-to-end process of identifying business needs, sourcing goods and services, negotiating contracts, and managing supplier relationships over time.
Author’s Note: At the ProMat conference earlier this year, I delivered a presentation at the Locus Robotics booth titled “Warehouse Robots: What We’ve Learned So Far” based on research results from our Indago supply chain research community and other sources. You can download the Indago research.
A resilient supply chain incorporates alternative sources, carriers, routes, and other characteristics so that it can flex in response to a situation. To increase resiliency, consider broadening the supplier base and adding local or near-shore sources. Download the Supply Chain Resilience Guide.
The report advocates for increased transparency within the pharmaceutical supply chain, strategic national stockpiling,advanced research pathways,diversification of sourcing, and the revitalization of domestic manufacturing to safeguard public health and national security to ensure a healthy America.
Think your customers will pay more for data visualizations in your application? Five years ago they may have. But today, dashboards and visualizations have become table stakes. Discover which features will differentiate your application and maximize the ROI of your embedded analytics. Brought to you by Logi Analytics.
You can be proactive and use c ausal f orecasting to leverage data you already own, model additional data sources that could help explain demand variability… or do nothing. . Featured Download. Short Registration - Multi Part - BLOG FEATURED DOWNLOAD. Phone * Company * Job Title * Zip Code * Source Asset SourceDownload ID.
A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment. What is Source-to-Pay? The Source-to-Pay process itself is quite broad but it covers most if not all the aspects of a procurement organization, at least from a process and technology perspective.
However, one-third of SCP leaders cite “the lack of effective decision making in the S&OP meeting process as the most critical problem to solve for their function’s overall performance” (source: Gartner, Improve S&OP Decision Making Through Scenario Planning , Supply Chain Research Team, 4 May 2020).
Leverage TMS technology platforms to source OTR transportation capacity in tight markets, keep information in context, and stay informed with real time visibility.? Download the White Paper: Over the Road Freight Management Trends. Download the White Paper: Over-the-Road (OTR) Freight Management Trends. Learn More.
It's no secret that hiring for a senior management position is a tough task for recruiters, and remaining open to changes and seeking better ways to source candidates is critical. How to Source Talent. Get ready to hire executives by downloading today! In this eBook, learn: The Discovery Processes.
Download our ebook: Demand Forecast Is Why You Need to Adopt a Service-Driven Supply Chain Strategy Top Four Strategies for Demand Forecasting Success In the current landscape, the challenges of supply chain disruptions remain a pressing concern. Image source: Stefan de Kok 2. Escape from the vicious cycle of unreliable forecasts.
While large national networks comprise a significant percentage of transportation service providers' shipping options, several challenges present if these are the only OTR freight transportation sources considered, including. Download the White Paper: Over the Road Freight Management Trends. Learn More.
If the final “manufacturing” of the product can be performed by the customer (such as downloading, storing, printing and, increasingly, 3D-printing of files), then this approach also solves the “final mile problem”. Data analytics or “Big Data” also bears huge potential for increasing supply chain efficiencies.
China's Production of Impacted Minerals Source: Bloomberg In recent years, China restricted the exports of several other critical minerals. Material shortages : Given China’s substantial share in the production of these metals, global shortages are possible until alternative sources are identified. It is not clear whether U.S.
Turning analytics into a source of revenue means integrating advanced features in unique, hard-to-steal ways. Download this white paper to discover which features will differentiate your application and maximize the ROI of your analytics. Think your customers will pay more for data visualizations in your application?
Planning and optimization software, powered by mathematical optimization, can perform calculations based on all available data sources to generate optimal plans It will help your planners manage existing resources and constraints to meet your business goals.
Increased costs due to emergency sourcing. A well-defined procurement strategy doesnt just mitigate risksit adds significant value to your organization : Cost Savings: Strategic sourcing and supplier negotiations reduce procurement costs. Regulatory Compliance: Ensures adherence to industry laws, ESG policies, and ethical sourcing.
Download the White Paper: Transportation Optimization: Its Strategic Role in Transportation Management. Depending on the source in question, most freight invoices contain some form of discrepancy. Download the White Paper: Transportation Optimization: Its Strategic Role in Transportation Management. Learn More.
This key supplier had been identified and sure enough, you have a second source primed and ready to go. We have a problem.” The alternate source uses the same supplier in Taiwan. Adding to this challenge is the reluctance of suppliers to share their sources with their customers for competitive reasons.
But, as leaders know, adapting to change is rarely a simple task and requires a fresh look at existing processes in planning and sourcing, inventory management, warehousing & distribution, and more. Download your copy today! Managing disruption of any kind has become the #1 priority in supply chain operations.
Source: [link]. By creating greater transparency throughout food supply chains, manufacturers can identify where the wastage happens and solve the problem at the source. To learn more about future food trends, download our ebook here. Pete Pearson Director of Food Waste, WWF. The problem seems to be greater in developed nations.
The source pointed to several trends that are encouraging the adoption of TMS, including better control of data, more comprehensive analysis and the need to support omni-channel supply chains. Inform yourself on these trends by downloading the Capgemini/Penn State/Panalpnia 2013 18th Annual 3PL Study.
For the true DIYer, open-source projects such as RepRap allow hackers to build their own machines using filament to print in materials such as plastic and metal. Luckily, there are generous and talented people who spend their time creating files available for download (for example, with programs like Rhinoceros ).
Source : Designing Disruption. To learn more about the various use cases of virtual twin technologies, and their benefits, in driving more sustainable operations, download the research paper: Designing Disruption: The Critical Role of Virtual Twins in Accelerating Sustainability. Figure 1 : Potential use case benefits.
Download Today! You can connect with Vishal on Linkedin You May Also Like Source to Pay (S2P) What is Source to Pay Best Practice? An Analysis by Ivalua Read More : What is Source to Pay Best Practice?
Here are a few tactics: Monitorinventory, including components and sources,with digital supply-chain mapping. To learn more, download our exclusive ebook about supply chain planning. . Get resilient by adjusting your supply chain strategy. So, what can companies do to prepare for major disruptions in the future?
Download white paper. What makes Ethereum different is that it actively encourages software development teams to use its open-source protocol to design tokens that run on top of the Ethereum blockchain. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018.
You can read and download the full report at [link]. Source: “Omni-Channel Logistics Leaders: Top 5 Inventory Insights,” Adelante SCM & LEGACY SCS. Source: “Omni-Channel Logistics Leaders: Top 5 Inventory Insights,” Adelante SCM & LEGACY SCS.
Featured Download. Short Registration - Multi Part - BLOG FEATURED DOWNLOAD. Phone * Company * Job Title * Zip Code * Source Asset SourceDownload ID. 2 Identify and get access to the right data sources. First Name * Last Name * Email *. Then plan on a quarterly review for the remainder of the year.
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