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Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD). This new regulation builds upon its predecessor, the Non-Financial Reporting Directive (NFRD), and brings about significant changes that impact organizatio
Surgery is over. I am safely recuperating at home. Due to travel restrictions, I cannot attend many industry events, so I observe from home, watching webinars and remote broadcasts. As I process the content, I struggle. My mind questions, “How did we get here? ” I believe that the industry is stuck. My question is, “How do we break the conventional norms to drive breakthrough thinking?
The Initial Hurdle: 2021’ Freight Fiasco During the COVID-19 pandemic, Conor from Fort Toys , like many other entrepreneurs, found himself dealing with skyrocketing demand… and skyrocketing freight costs. His product – a magnetic pillow fort for kids that was funded by a wildly successful Kickstarter campaign – was both fun…and bulky.
Gartner Supply Chain Symposium/Xpo EU 2023 has wrapped up its 3-day event in Barcelona, Spain. Featuring over 35 Gartner experts and more than 100 research-driven sessions, this year’s conference gathered over 2,000 supply chain professionals from across Europe and beyond. Our team was energized by the insightful conversations we had and sessions we attended, and we’re excited to share what we’ve learned!
Supply chain management (SCM) master’s programs often emphasize functional silos, as reflected in course titles such as “Operations Management” and “Logistics and Distribution Management” While these traditional elements are important, they risk overlooking transformative perspectives necessary in the face of today’s global challenges.
When manufacturing, quality management and supply chain planning systems are all working synchronously, manufacturers are better equipped to adapt and respond to supply chain disruption.
When manufacturing, quality management and supply chain planning systems are all working synchronously, manufacturers are better equipped to adapt and respond to supply chain disruption.
S&OP and Multi-Horizon Integrated Business Planning Manual supply chain processes are a real headache. Creating and comparing business scenarios in spreadsheets are fruitless exercises in glancing in the rearview mirror rather than looking ahead at the opportunities and risks emerging on the horizon. And next to impossible is creating plans in a timely manner when monitoring unrelated KPIs across multiple disconnected sources of data.
Picture this: You’re a seasoned sailor navigating uncharted waters. You’ve got a trusty map based on old routes, but the sea’s currents constantly change, and new obstacles keep popping up. You quickly realize your old map just isn’t enough anymore. Sounds familiar? That’s precisely what demand forecasting feels like for many businesses today.
The environment in which chief supply chain officers find themselves has changed significantly in recent years, but most organizations have failed to adjust their approach to planning.
KPIs are essential in S&OP as they provide a quantitative framework for gaining visibility, aligning efforts, supporting decision-making, and driving continuous improvement across the business. But how do you know if you are using the right KPIs, including both stakeholder and supply chain performance measures? It All Comes Down to Balance & Alignment Unfortunately there is no easy answer to the question of whether or not you’re using the right KPIs for S&OP.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
This week, I spoke to John. As a supply chain leader, he is struggling how to dance in the ring of fire. You may also be facing the same issue. Let me explain. What Is The Ring of Fire? The ring of fire is corporate politics at the executive level on supply chain performance. Each executive has a different perspective on the definition of supply chain excellence, but they are never discussed and aligned.
In February 2023 I wrote the article What Does 2023 Have In-Store for Global Supply Chains? It introduced the survey we had just launched to determine the perceptions, priorities, and strategic initiatives of today’s supply chain and logistics executives. This post was subsequently followed by two articles that discussed some of the findings from the survey.
Once upon a time, the world of manufacturing was a relatively stable place. But then, supply chain disruption became the rule instead of the exception, consumers changed their tastes as often as their socks, and global competition started playing hardball. Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy.
Editor’s Note: The following is an excerpt of a research report published recently, “Realizing the Full Business Benefits of Supply Chain Visibility.” The research, conducted by Adelante SCM and commissioned by Kaleris, highlights the main objectives companies have for achieving end-to-end supply chain visibility; the biggest dark/blind spots in the supply chain today; and the.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
Mark Lavelle and Joe Lynch discuss n alternative to UPS and FedEx. Mark is the Chief Executive Officer at Maergo , a first-of-its-kind parcel delivery platform, purpose-built for branded direct-to-consumer delivery using modern technology and advanced data capabilities. About Mark Lavelle Mark Lavelle is the Chief Executive Officer at Maergo, a first-of-its-kind parcel delivery platform, purpose-built for branded direct-to-consumer delivery using modern technology and advanced data capabilit
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. At Ivalua, we recognized the need to stay ahead of these developments and organized our first annual Ivalua Summer Symposium in London on a wonderful sunny evening on the Thames to discuss
This is a ChatGPT image rendered when asked, “Show me how Lora Cecere would look riding an Octopus.” Funny? Yes, quite. As I approach my 69th birthday and pending surgery, I thank ChatGPT for removing my facial lines and giving me a good hair day. But, you might ask, “Why an octopus?” Shouldn’t this gal be retiring? This leads me to a long story.
Manhattan Associates, a supplier of supply chain management software solutions and the market share leader for warehouse management systems (WMS), had their Momentum user conference a couple of weeks ago. Sanjeev Siotia, the chief technology officer at Manhattan, spoke about the role of ChatGPT for supply chain management in one of the keynotes on day one of the conference.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Global organizations want more automation within their supply chain to tackle issues like cost escalation and demand volatility. Generative AI has emerged as a transformative force with the potential to revolutionize the global supply chain, including the power to serve as a co-pilot to help operations and customer service organizations do their job better, faster.
Trey Griggs and Joe Lynch discuss key takeaways from TMSA Elevate, a conference held in Savannah, Georgia on June 11, 12, and 13. TMSA is the Transportation Marketing and Sales Association, a non-profit organization for sales and marketing professionals in transportation and logistics. Trey Griggs, Founder of the Beta Consulting Group was an emcee for the event.
Ivalua Spend Management Insights [ivory-search] Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation June 14, 2023 | | Thought Leadership by Vishal Patel Implementing a procurement application requires careful planning and execution, but combining it with a successful strategy can also ensure stakeholder buy-in, improve communications, support change management, reduce cost, and increase speed to market.
What is Remote-Insourcing? Sounds like an oxymoron, right? Not anymore. Remote-Insourcing isn’t outsourcing—it’s a revolutionary staffing model that lets our clients fill key entry-level positions with top-tier, loyal, long-term talent, integrated seamlessly into their businesses—just like local employees but without the turnover or W2 HR hassles. With under 4% unwanted attrition, you train once and keep the same team for years.
The Gartner Supply Chain Symposium/Xpo conference brings thousands of supply chain executives together. Instead of enjoying world-famous theme parks, and nightlife in Orlando, Florida this year, attendees explored new ideas and technology investments that drive business growth and create more resilient supply chains. Various speakers discussed important topics that are top of mind for every executive, such as supply chain resiliency, digitalization, and sustainability.
The marijuana supply chain is an interesting market to follow. Like any agricultural product, there are ebbs and flows to its supply and demand. However, there is one caveat in the marijuana supply chain that makes things a bit trickier: in most states, cannabis products can only be sold and consumed within the state that the original plant was grown.
With the 4th of July holiday next Tuesday, I’m betting many people are taking the day off today (and Monday) to extend their time off. At least that’s what I’m doing. So, without further delay, here’s the supply chain and logistics news that caught my attention this week: If you’re still reading this, thank you. Read more The post Above the Fold: Supply Chain Logistics News (June 30, 2023) appeared first on Talking Logistics with Adrian Gonzalez.
Savvy B2B marketers know that a great account-based marketing (ABM) strategy leads to higher ROI and sustainable growth. In this guide, we’ll cover: What makes for a successful ABM strategy? What are the key elements and capabilities of ABM that can make a real difference? How is AI changing workflows and driving functionality? This Martech Intelligence Report on Enterprise Account-Based Marketing examines the state of ABM in 2024 and what to consider when implementing ABM software.
Lionel van der Walt and Joe Lynch discuss revolutionizing freight forwarding using tech, which is exactly what Raft.ai does. Lionel is the Chief Growth Officer of Raft.ai , an intelligent logistics platform that automates AP invoices, customs, shipping documents, and pre-alert workflows significantly reducing manual work while increasing accuracy and compliance for freight forwarders and customs brokers.
Teaming up with ToolsGroup, the Italian frozen seafood company chooses AI to advance its supply chain processes and guarantee a superior consumer experience. MILAN and BOSTON – June 6, 2023 – ToolsGroup , a global leader in retail and supply chain planning and optimization software, is thrilled to announce it has been selected by D.I.MAR, an Italian leader in the frozen food industry, to heighten its supply chain performance, bolster supplier relationships, and drive enhanced business results.
Are Digital Twins Achievable? I have to imagine that everyone that works in an industrial setting has heard about digital twins at this point. Perhaps they’ve heard more than they care to, and would rather see more digital twins in practice. While the promise is clear, and we see a growing number of case studies proving the benefits of the approach, many companies struggle to create and maintain digital twins.
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