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When you talk to companies that have implemented enterprise or supply chain applications, executives will usually admit that they have under-invested in training and preparing users to use the new technology. Molex implemented a multi-enterprise supply chain network platform from SAP called SAP Business Network.
In the fast-paced world of modern supply chains, traditional forecasting methods fall short. Probabilistic forecasting is revolutionizing demand forecasting, supplyplanning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks.
I laugh when business leaders tell me that they are going to replace their current supply chain planning technologies with “AI.” Each supply chain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions. You are right.
Today, in supply chain planning, this could not be further from reality. In May 2025, one in seven home-purchase agreements fell through resulting in the cancellation of 56,000 purchase contracts. Each is attempting to slather AI on today’s offering: this fueling a hype cycle for agentic AI. The reason?
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 procurementexcellence.
Why can’t we put the same energy that we put into inventing new words, tossing around acronyms, and parading on a stage to advocate for maturity models to improve supply chains? Supply chain concepts follow hype cycles. In the supply chain, much of our forward path is fueled by the concepts of the wisdom of the crowd theory.
When you look behind the scenes of a global business operation, procurement strategy 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.
” At that time, the sales organization used more point-of-sale data than their competitors, they had an impressive and innovative IT team, and their supply chain processes were what I considered best-in-class. The use of the supply chain as a functional organization within the organization to reduce costs. Why would I do this?
As businesses become increasingly global, professionals in the supply chain field must keep up with new technologies, trends, and best practices. Summary Table edX Supply Chain Courses vs. SCMDOJO Aspect SCMDOJO edX Focus & Specialization A dedicated platform focused entirely on supply chain management.
In the vast sea of supply chain information, which SCMDOJO supply chain article truly stands out? Dive into our curated list of the top 12 blogs from 2024 that will elevate your supply chain knowledge and give you a competitive edge. Read In Detail About Procurement Department Here 2.
Manufacturing ERP (Enterprise Resource Planning) software integrates all your core business processes into one powerful platform. Think of it as the central nervous system of your operation, connecting everything from production planning and inventory control to supply chain management and financial reporting.
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. Healthcare providers are leveraging efficient supply chains to ensure critical supplies reach patients when needed most.
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.
Demand volatility, frequent promotional shifts, ingredient sourcing constraints, and tight production windows define the playing field. Fragmented data across finance, supply chain, and production slows decision-making and creates blind spots across the value chain. Planning becomes reactive. QAD is different.
I am a big believer in procurement getting involved as early as possible in new product development based on all the market knowledge available. The worst-case scenario is product engineering developing a new product, selecting a supplier and then telling procurement to get on with negotiation. How often do your purchase orders change?
Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.
Looking to improve operations and achieve cost savings within your procurement processes? A process audit report is designed to, ultimately, streamline processes, enhance decision-making and drive overall procurementexcellence. What is the Purpose of a Process Audit Report?
With international commerce increasingly digitalized and customer requirements continuing to grow, the demands on supply chain professionals to create frictionless, responsive, and cost-effective operations have never been higher. Supercharge your supply chain career through the SCMDOJO Supply Chain Learning Track Certification!
Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supply chains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority.
The world of procurement is constantly evolving, demanding professionals with the right skills and knowledge. Moreover, two popular options often considered are the MCIPS qualification from the Chartered Institute of Procurement & Supply (CIPS) and the Procurement Track offered by SCMDOJO.
Supply chains are particularly vulnerable during recessions. These disruptions can occur due to decreased consumer demand, supplier instability, or logistical challenges. Consequently, it is imperative to develop a recession-proof supply chain to make them more resilient and adaptable. Why Recession-Proof Your Supply Chain Now?
While flashy consumer-facing products like social apps garner much attention, innovation in less glamorous areas like supply chain management is equally responsible for propelling startups to unicorn status. Leveraging emerging technologies gives startups supply chain advantages that legacy players cannot match.
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. Why switch to automated procurement?
Top 3 Procurement Technologies to Embrace in 2025 Staying ahead of key procurement technology and advancements is essential for CPOs who want to improve spend cost reduction, drive strategic value, and navigate the increasingly complex procurement landscape.
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.
They integrate finance, HR, sales, and supply chain management into one complex platform. 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.
AI in retail supply chain is no longer an innovation to observe—it’s a strategic imperative to adopt. By infusing intelligence into every supply chain touchpoint—from sourcing to shelf—AI is driving operational excellence, customer satisfaction, and exponential growth.
For Greater Product Performance Visibility and Improved Sales & DemandPlanning Consumer Packaged Goods (CPG) manufacturers operate in an increasingly competitive environment, where the ability to access and analyze timely, accurate data can make or break a company’s success.
Customer Portal Partner Portal Contact John Galt Solutions Atlas AI-driven SaaS platform that connects and orchestrates your entire supply chain. Inventory optimization is one of the most visible places where organizations expect to see a return from supply chain investments. You implemented the processes. You’ve got your dashboards.
The success of your business links inextricably to the performance of your supply chain. you have to make your supply chain successful too. Supply Chain and Business Success By the Numbers Now for those statistics I mentioned. Conversely, just 8% of businesses with less capable supply chains report above-average growth.
Ivalua NOW AMER 2025 in New Orleans was an event that exceeded all expectations, delivering an unforgettable experience for our thriving procurement community. This year’s theme focused on reshaping the procurement industry’s approach to innovation, tackling challenges, and uncovering fresh paths to success.
Many of the managers I speak with are buying into the application of artificial intelligence in the workplace, but often struggle to identify specific processes that are best suited for AI.I Risk Management Monitoring different events that could disrupt supply chains is an ideal application of AI.
AI in retail supply chain is no longer an innovation to observe—it’s a strategic imperative to adopt. By infusing intelligence into every supply chain touchpoint—from sourcing to shelf—AI is driving operational excellence, customer satisfaction, and exponential growth.
CAGR , the global supply chain management software market is expected to touch USD 50 billion by 2032. This one figure speaks volumes about how organizations worldwide want access to the best supply chain management tools to boost efficiency and value in their distribution and logistics network. Growing at an overwhelming rate of 11.1%
In 2025, we will likely see many supply chain organizations creating multi-purpose COEs that carry out several different processes. We will also see increased application of sensing technology, like GPS on railcars and containers, and backup cameras that are recording all incidents and events and monitoring what is going on in supply chains.
How Documentation Happens in Logistics Accurate documentation in logistics requires structured processes and reliable methods to capture, record, and transmit essential information at every stage of the supply chain. In the procurement phase, documentation begins with purchase orders and supplier contracts.
Maintenance, Repair, and Operations (MRO) professionals, heads of maintenance, and spare parts managers are navigating an environment shaped by supply chain volatility, legacy infrastructure, and an explosion of data. In 2025, the landscape of spare parts management is undergoing a seismic shift.
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.
In capital-intensive industries, MRO is the silent enabler of operational continuity, and often the weakest link in the supply chain. And yet, in sectors like oil & gas, mining, and telecoms, the planning of Maintenance, Repair, and Operations (MRO) materials remains largely fragmented, manual, and reactive.
We recently sat down with Arena Product Manager Nathan Ng and Senior Director, Head of GTM for Supply Chain, Guy Eron, to learn how the new supply chain intelligence (SCI) capabilities in Arena PLM and QMS can help companies proactively address these issues and mitigate component risks. Arena SCI is a fully productized solution.
Amsterdam, NL – aim10x Europe, hosted by o9 Solutions, brought together more than 300 senior leaders from supply chain, commercial, and IT functions for a focused day of discussion on digital transformation. Powered by o9 Solutions, the initiative aims to modernize planning and execution capabilities across the enterprise.
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. Effective vendor collaboration isn’t built on iron-clad contract terms and purchase order s.
In asset-intensive industries, this challenge has only intensified with the growing complexity across supply chains. 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. In addition, poor visibility, unpredictable demand, and disjointed systems worsen the situation further and lead to inefficient procurement, misplaced stock, and emergency orders.
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