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
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 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.
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.
Sudden tariff increases can quickly make a cost-optimized procurement strategy untenable, leaving companies scrambling to adjust. Procurement is another area seeing change. Metrics must reflect the new priorities. Second, many supply chains still lack visibility beyond Tier-1 suppliers. Cultural alignment is just as important.
Data is beyond critical to Procurement Operations. It’s everything, and the burden falls on procurement leaders to capture pertinent data to build good teams, track performance and show value. Now with Digital Transformation as a mandate, Procurement officers must also find ways to measure their digital progress.
Koganti urged the procurement audience to look for whats referred to as “foresight function” in planning tools, which is capable of enhancing data analysis, scenario generation and trend identification , allowing for more informed and proactive decision-making, albeit with human oversight.
How do we design work systems to align organizations and ensure that there is the right balance of reward systems with metrics? Is there a need to redesign metrics to move from a functional and traditional function to drive goal alignment? In the design of the digital program, spend time on metrics and reward systems.
Tesco and Walmart have announced procurement policies aimed at reducing carbon emissions and promoting sustainability throughout their extended supply chains. AI can integrate with procurement platforms, utility meters, logistics trackers and internet of things sensors to gather real-time data. Retailers are following suit.
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.
This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. ” Through this series of reports, we now can see that consumer electronics has pulled ahead of the pack. When companies look at singular metrics (labor costs or inventory), they have moved backwards.
, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips.
Webinars Watch: An Alternative to Traditional Battery-Making Technology for EVs Sourcing/Procurement/SRM Watch: Getting Ahead of Customs Compliance Violations Regulation & Compliance Five Ways AI-Enabled Digital Twins Will Shape the Future of Supply Chains Technology Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. The situation changes with a larger number of suppliers.
According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction. The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.
Webinars Container Ship Explodes, Catches Fire Off Coast of India Global Gateways Europe’s Steel Industry in Jeopardy, Says ThyssenKrupp Exec Global Trade & Economics Watch: An Alternative to Traditional Battery-Making Technology for EVs Sourcing/Procurement/SRM Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
Electronic communication between suppliers and customers (zero latency preferred). Demand analytics around EDI transaction sets 830, 862, 866, as well as any web-based electronic communication. From a measurement perspective the key trending metrics at a high level include: Supplier on time delivery.
We are trying to understand how supply chain leaders have raised the bar at the intersection of these four sets of metrics on the supply chain effective frontier. I also believe that it is because the organization is not incented to manage cash-to-cash metrics. The results have been eye-opening. Other industry groups did not.
The complexity of the electronics supply chain leads to a variety of sustainability issues, including unfair labor practices, presence of harmful chemicals and conflict minerals. Sustainable procurement offers benefits for all parties – it delivers customers safe, ethically sourced products, and reduces overall supply chain risk.
Supply Chain Finance & Revenue Management Supply Chain Visibility Quality & Metrics Sourcing/Procurement/SRM Supply Chain Security & Risk Mgmt RELATED CONTENT RELATED VIDEOS Subscribe to our Daily Newsletter! To keep them moving, we can’t afford to ignore what the data is telling us.
Supply Chain Finance & Revenue Management Lawyer for 737 Crash Victim Families Slams DOJ Deal with Boeing Quality & Metrics U.S. Featured Product Popular Stories Watch: Why Choose FTZs to Mitigate Tariffs?
This transfer of ownership reduced the effectiveness of procurement. Stalled progress on metrics: 90% of companies find themselves stuck on key supply chain metrics (cost, inventory, growth, ROIC). We need to challenge the fundamentals of the past and redefine the atoms and electrons of the processes of the future.
Products Before Talks Photo: iStock/Rat0007 June 7, 2025 Bloomberg RELATED CONTENT RELATED VIDEOS Global Trade & Economics Regulation & Compliance Apparel High-Tech/Electronics Related Articles CP Rail Agrees to Buy Kansas City Southern for $25 Billion Sartorius to Buy French Biotech Polyplus for $2.6
Supply Chain Finance & Revenue Management Lawyer for 737 Crash Victim Families Slams DOJ Deal with Boeing Quality & Metrics DHL Express Canada Workers on Strike Following Lockout Last Mile Delivery U.S. Featured Product Popular Stories Watch: Why Choose FTZs to Mitigate Tariffs?
For instance, electronic data interchange (EDI) enables seamless communication between your company and your partners using electronic forms. This tool allows you to exchange electronic documents like orders, invoices, and shipping notices via an electronic data network (EDN). Procurement Management.
Time to Start Preparing for the Digital Product Passport Supply Chain Visibility Five Ways AI-Enabled Digital Twins Will Shape the Future of Supply Chains Technology Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
How do we design work systems to align organizations and ensure that there is the right balance of reward systems with metrics? Is there a need to redesign metrics to move from a functional and traditional function to drive goal alignment? My goal in redefining electrons focuses on planning/insights, networks and the use of analytics.
Advertise Contact Us Supplier Directory SCB YouTube About Us Login Subscribe Logout My Profile LOGISTICS Air Cargo All Logistics Facility Location Planning Freight Forwarding/Customs Brokerage Global Gateways Global Logistics Last Mile Delivery Logistics Outsourcing LTL/Truckload Services Ocean Transportation Parcel & Express Rail & Intermodal (..)
Webinars Container Ship Explodes, Catches Fire Off Coast of India Global Gateways Europe’s Steel Industry in Jeopardy, Says ThyssenKrupp Exec Global Trade & Economics Watch: Supply Chain Planning in Times of Disruption Artificial Intelligence Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
Within the report, each risk is assigned a risk score metric to help global supply chain leaders prioritize planning and mitigation efforts this year. The report outlines the most critical supply chain cybersecurity risks, particularly for the manufacturing and electronics industries. All rights reserved.
RELATED CONTENT RELATED VIDEOS Global Trade & Economics Automotive High-Tech/Electronics Industrial Manufacturing Related Articles U.S., trade negotiations with China. trade negotiations with China. The revived brand is expected to offer the Traveler SUV and Terra pickup starting in 2027. “We
The procurement process is a critical business function, but how do you measure how effectively the process is managed in your business? Setting KPIs for your procurement department can help to demystify their performance and deliver insights into where improvements can be made. So which procurementmetrics and KPIs should you measure?
In one high-tech medical electronics firm, an executive decision was made to penetrate a new market with products no other company offered. If the procurement function is focused on low-price instead of agility, then there’s no chance for success. Create the right metrics and monitor them.
Webinars Watch: An Alternative to Traditional Battery-Making Technology for EVs Sourcing/Procurement/SRM Watch: Getting Ahead of Customs Compliance Violations Regulation & Compliance Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
When it comes to electronic ordering, real-time order visibility, and the use of mobile apps and technology, Domino’s Pizza is much further up the supply chain maturity curve (see video demonstrating Domino’s Tracker app ). Streamline, automate, and compress Order-to-Cash and Procure-to-Pay processes.
We have found that supply chain metrics are gnarly and complicated.During In our program, cost avoidance, while desirable, does not count towards the metric. We would not have succeeded without a team effort across R&D, the business leaders, and SC disciplines of engineering, procurement, and manufacturing.
The IT and telecommunications sectors have long been at the forefront of sustainable procurement, yet the pressure to successfully actualize sustainable practices along each stage of the supply chain (raw materials, manufacturing and end-of-life recycling) is intensifying.
Claritum Article - Procurement Blog. We’ve read through some of the best analyst reports and surveys to bring you this procurement fact file containing some of the most interesting findings, statistics and quotes. Click here to download a printable pdf version of the procurement fact file. Procurement.
Featuring Our 12 Best Procurement Articles! Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it. Get OUR EBOOKS HERE. What is Purchase Price Variance (PPV)?
A scientific survey details the positive effects of electronic invoicing for the invoice’s issuer and the recipient Despite all the buzz over catchwords like Industry 4.0, automation and digital transformation, when it comes to invoicing, we still live in a mainly analogue, non-electronic, non-automated world.
Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success. What does a procurement manager do?
million metric tons (or 60% of the world’s supply). million metric tons. Apple: Electronics Makers Risk Being Nudged out by Automakers. About a quarter of global cobalt demand comes from companies that make smartphones and other electronic devices. Where Do Companies Get Their Cobalt? Conclusion.
To bring new products to market quickly and profitably, new ideas must be analyzed and budgeted (finance); components must be sourced (procurement and supply chain); and goods must be quoted and sold (marketing and sales) made (manufacturing), and shipped (distribution). Product development can’t function on its own.
List of Top 10 Supply Chain Analytics Books 1) Supply Chain Metrics that Matter (Wiley Corporate F&A) 1st Edition This book offers an in-depth guide to understanding the link between corporate financials and supply chain maturity, evaluating the progress of over a hundred companies from 2006-2013.
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