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
Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.
When you look behind the scenes of a global business operation, procurementstrategy and supply chain management are usually top priorities, though theyre not always working in sync. This blog explores procurement vs supply chain strategy and looks at how aligning the two leads to operational excellence.
Most of the business networks were hollowed out by venture capitalists or purchased by opportunists. ” My problem is that we move through these hype cycles with little accountability for spending and with a major opportunity cost to not redefine work. Or that a focus on costreduction can actually undermine value creation?)
Understanding how your Procurement and Supply Chain KPIs are performing isn’t just a nice-to-have; it’s essential for survival and growth. Is inventory bloating your costs? Why You Need Visibility of Supply Chain and Procurement KPIs? Running procurement and supply chain without metrics is like driving blindfolded.
Definition: Procurement transformation is the strategic overhaul of how a business buys goods and services. This approach focuses on changing procurement holistically beyond minor tweaks, starting from strategies to organizational structures. Procurement transformation has several objectives.
The stakes have never been higher: unplanned downtime due to unavailable parts can cost organizations thousands of dollars per minute, erode customer trust, and disrupt critical operations. They are also responsible for data integrity, vendor management, and aligning with enterprise sustainability initiatives.
Conversely, just 8% of businesses with less capable supply chains report above-average growth. 2) According to a 2012 report into corporate insolvencies by the Australian Securities and Investments Commission, 44% of businesses in Australia failed because of poor strategic management.
While it does an excellent job in streamlining the front-end customer experience from discovery to checkout its true potential is unleashed when combined with CRM tools like Salesforce, HubSpot, Zoho, or Pipedrive. This real-time visibility translates into faster issue resolution, enhanced forecasting, and vendor coordination.
Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. Numbers speak louder: According to Procurement Tactics’ top procurement trends in 2025 , 83% of CPOs prioritize digitization. Keep reading to learn: What Is ERP in Procurement?
Definition: Procurement automation is the use of digital tools to make routine tasks throughout procurement more efficient. Advanced technologies like AI and cloud-based procurement software helps companies reduce the burden of manual work, lower costs, and gain insight into analytics.
For AFFLINK's partners and affiliates navigating complex procurement environments, ESG integration reshapes how supply chains are built, evaluated, and optimized. Why ESG Matters to Supply Chain Management Modern supply chain strategies extend beyond efficiency and cost containment.
Definition: Vendor relations is a strategic practice of cultivating productive, long-term relationships with suppliers. When done right, it’s beneficial for both sides: vendors get a reliable client, while companies benefit from a stable supply chain, consistent product quality, better pricing, and room to grow and collaborate.
Analytics and business intelligence (BI) are no longer optionaltheyre essential. They integrate, align, and activate data across the business to drive better, faster decisions unlike legacy reporting tools that can’t. Flexible Delivery Options Interactive dashboards, scheduled reports, alerts, mobile access, and more.
The stakes have never been higher: unplanned downtime due to unavailable parts can cost organizations thousands of dollars per minute, erode customer trust, and disrupt critical operations. They are also responsible for data integrity, vendor management, and aligning with enterprise sustainability initiatives.
In addition, poor visibility, unpredictable demand, and disjointed systems worsen the situation further and lead to inefficient procurement, misplaced stock, and emergency orders. Without a scalable system in place, these complexities quickly result in inefficiencies and uncontrollable operational costs. ThroughPut.AI
In addition, poor visibility, unpredictable demand, and disjointed systems worsen the situation further and lead to inefficient procurement, misplaced stock, and emergency orders. Without a scalable system in place, these complexities quickly result in inefficiencies and uncontrollable operational costs. ThroughPut.AI
ThroughPut AI: Best for supply chain analytics and decision intelligence WATCH ON-DEMAND THROUGHPUT AI DEMO With Artificial Intelligence (AI) and Machine Learning (ML), a very powerful force comes into play in your supply chain decision-making processes with ThroughPut AI.
The food and beverage industry is a dynamic, ever-evolving sector in which manufacturers are continuously seeking ways to optimize production and reducecosts in the face of shifting consumer demand and preferences. Food and beverage manufacturers should also consider cloud versus on-premise models of ERP systems.
By allowing customers to purchase temporarily out-of-stock items, companies can preserve customer relationships while gaining valuable demand data. When implemented correctly, a backorder strategy can transform potential lost sales into future revenue while enhancing customer loyalty. They reduce overstocking.
Kechie ERPs automation eliminates the need for repetitive tasks, making the entire distribution process more efficient. With Kechie ERP, distribution companies can efficiently track orders, optimize their supply chains, and maintain excellent customer service, all from CRM to procurement, logistics , order management, returns, and financials.
Financial forecasting has gone from a 'nice-to-have' to a must-have for procurement and financial planning teams. Although some executives are skeptical about forecasting, citing its unreliability and inaccuracy, a systematic approach to forecasting with realistic expectations can completely transform the fiscal year strategy.
In 2024 manufacturing trends will be centered on strategies that drive operational efficiency. The high level of pandemic-era medical, home, and leisure product demand that fueled a produce-at-all-cost approach to manufacturing operations is ending. So, vendor consolidation becomes very enticing for these large companies.
And it can automate manual and routine tasks, like generating purchase and change orders, delivery estimates, and financial reports. When your employees spend less time on manual day-to-day tasks, they can spend more time bringing in new business and providing excellent service to the customers you already have.
Research indicates that up to 75% of firms report positive impacts from outsourcing to logistics service providers (Langley J, Capgemini 2007). Peters and Waterman in their best, sellerIn Search for Excellence identify one of the eight factors of organisational success as sticking to the knitting. But what about cost of service?
Just-in-time (JIT) inventory is a lean supply chain strategy designed to minimize waste and reduce inventory carry costs by replenishing stock as-needed to meet demand rather than holding safety stock (known as Just in Case inventory). What Is Just-in-Time (JIT) Inventory? How Does Just-in-Time Inventory Work?
Garner says that successful organizations should focus on the following actions: Prioritize long-term digital strategy over short-term goals Gartner says that as logistics continues to transform technologies, processes and people, the need for high-quality data and decision-making capabilities is growing.
Use them to align plans with your company’s longer-term North Star strategies. Use them to align plans with your company’s longer-term North Star strategies and frame investments in the context of addressing multiple business objectives. Supply Chain Digest Says. Aronow says to start by investing in organizational storytelling skills.
Gartner says, adding that “They are approaching the current environment from a data-driven analytical method that wasn’t nearly as prominent five years ago.” Financial performance metrics are valuable as they capture the economic consequences of business decisions. Supply Chain Digest Says.
The growing level of robotic automation has driven productivity gains at Amazon facilities, which reduces fulfillment costs, which in turn also helps the company deal with labor shortages and high turnover levels at its fulfillment centers. What do you say?
As you noted, however, this time the placement was for “IoT Platforms,” a category of software tools from a good number of vendors to manage connectivity, data communications and more with IoT-enabled devices in the field. Financial performance metrics are valuable as they capture the economic consequences of business decisions.
In the first facility management was focused on controlling the workforce through individual metrics. Large amounts of confusion about what to do next and larger amounts of rework are eliminated. Financial performance metrics are valuable as they capture the economic consequences of business decisions.
CSCOs, he says, should reassess existing supplier networks, confirm the viability of current mitigation plans, and address any overreliance on specific geographies to reduce exposure and ensure business continuity. Prepare CFOs for continued supply chain cost volatility 3. A ny comments on Gartners thoughts?
NMFTA says the new “Cybersecurity Cargo Crime Reduction Framework” is an actionable guide for shippers, carriers, third-party logistics providers and brokers that It outlines key steps parties can take to reduce cargo theft risk. Financial performance metrics are valuable as they capture the economic consequences of business decisions.
It adds that even for shippers with annual contracts, which tend to be larger and better protected from cost changes from their vendors, Drewry had seen a trend of more frequent unexpected surcharges, such as Red Sea and ship deviation surcharges since late 2023.
In the way the analyst business worked then and largely still does, Meta considered if any current vendor clients might provide any good candidates, and I am told Klappich’s name emerged early on, and he was hired not long after. Financial performance metrics are valuable as they capture the economic consequences of business decisions.
But according to a report on the data, US birth rates rose only for one demographic: Hispanic women. births per 1,000 women in 2023 was the lowest ever recorded since data collection began in 1909, according to the CDC report. That left logistics costs as a percent of US GDP down a bit in 2024 to 8.7%. trillion, up from $2.44
Meanwhile, our supply chain and logistics stock index, which is made up of more than 20 stocks across freight carriers, logistics service providers, and supply chain hardware and software vendors, lagged the S&P, with a gain of just 10.3% in the past year, using an unweighted average of the 22 stocks in the index.
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. Somewhere along the way, CSCMP took over the sponsorship.
Click here to send us your comments The Cass report showed May shipment volumes in the US were down 3.4%seasonally Click here to send us your comments The Cass report showed May shipment volumes in the US were down 3.4%seasonally Supply Chain Digest Says. In May, the Linehaul Index fell 0.5% month-over-month. in May from 0.9%
Commandment 9: Insist on User Friendliness Independent of the effort put forth to design a system, purchase hardware and develop software, the single biggest test of implementation occurs when an operator attempts to scan bar coded media. This can be a pleasant experience (it is most of the time) or controversial.
Smith’s pilots were asked to use their personal credit cards to buy fuel and stagger cashing their paychecks.” ( See More Below) CATEGORY SPONSOR: SOFTEON At one point, the company was down to its last $5,000 — which Smith took to Las Vegas and turned into $27,000 playing blackjack.
That was captured in the SOL report by the chart below, which shows uncertainty, as tracked by something called the Economic Policy Uncertainty Index from an organization of academics using the same name as the index. Source: State of Logstics Report 2025 May you live in interesting times, as the Chinese saying goes.
Mortimer again claims that early tests results show up to 20% better fuel performance, and marked reductions in greenhouse gases, sulfur oxides and nitrogen oxides. There is no shortage of reporting tools, green fuel pilots or glossy ESG statements. What do you say? Not technologically. Not mentally.”
Any vendors briefing Klappich found out fast enough he was a real straight shooter, and that a hype approach wouldn’t get you very far. See More Below) CATEGORY SPONSOR: SOFTEON Any vendors briefing Klappich found out fast enough he was a real straight shooter, and that a hype approach wouldn’t get you very far. What do you say?
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