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Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
Resilinc made a powerful impact at ISM World 2025—highlighting how AI-driven foresight and financial risk intelligence can transform reactive supplychains into strategic assets. Financial Health Ratings dropped from Medium to High Risk for suppliers in just three months in a tariff simulation exercise.
The global supplychain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects.
If you’ve ever tried to buy a new car during the chip shortage or waited months for furniture delivery, you’ve experienced firsthand what happens when supplychains break down. Supplychain resilience is your business’s ability to bounce back when things go wrongand in today’s world, things will go wrong.
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.
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.
The success of your business links inextricably to the performance of your supplychain. you have to make your supplychain successful too. SupplyChain and Business Success By the Numbers Now for those statistics I mentioned. If you want business success (and who doesn’t?),
In today’s volatile global trade landscape, enterprises face ongoing pressure to optimize their supplychain operations. There are many ways an organization can cut supplychain costs. Mastering Direct Spend Management Procurement teams generally do not report to the chief supplychain officer.
The Ferrari Consulting and Research Group through its affiliated SupplyChain Matters blog provides perspectives and self-rating observations regarding our January 2024 published Research Advisory- 2024 Predictions for Industry Global SupplyChains. Labor activism in the form of labor contract negotiations among U.S.
Running a business in today’s environment is increasingly complex, with supplychain challenges, geopolitical tensions, evolving regulations, and other disruptions becoming standard. Based in Frankfurt, Germany, KION is a global leader in material handling equipment and supplychain solutions.
Risks are guaranteed when dealing with a supplychain, but that doesnt mean you can afford to ignore them. Understanding and addressing any legal issues within your supplychain is vital to ensuring compliance with regulations and developing an effective chain that can operate efficiently and at scale.
Category management isn’t just another procurement trend. With today’s growing cost pressures and increasingly complex supplychains , quick fixes no longer cut it. With today’s growing cost pressures and increasingly complex supplychains , quick fixes no longer cut it.
In earlier articles in this series on GenAI we have discussed its benefits and how it differs from other forms of artificial intelligence, as well as how in future these will converge to create highly sophisticated solutions, not least in procurement. Procurement, too, is vulnerable. Not the least of these are the cybersecurity risks.
Procurement has changed But how does all this affect us in the procurement community? Procurement today has three overarching objectives: to maximize profitability, minimize risk, and optimize sustainability. The second has become more pronounced in recent years, notably with the Covid pandemic and supplychain disruptions.
These networks, while essential to agility and growth, are increasingly susceptible to disruptions, particularly in the upstream supplychain. The reality is stark: most organizations rely on a limited number of key suppliers, and many of the most critical dependencies lie hidden in the second or third tier of their supply networks.
Watch our on-demand webinar to discover how procurement can lead the way in ESG and decarbonization, and learn from experts about driving sustainability transformation across your supplychain. Explore how JAGGAER helps procurement teams stay ahead of regulatory pressure with end-to-end transparency. So, a low threshold.
SupplyChain Matters highlights indications providing added evidence that manufacturers and retailers are front loading inventory management actions in attempts to initially hedge against added U.S. These are already signs of increased costs and supplychain inflationary pressures. tariff strategies.
In his remarks, the President indicated that the Commerce Department will exercise very strong policing as to which parts of an automobile or truck are subject to tariffs. Implications for Automotive Industry Supply and Demand Dynamics As expressed in our prior highlighting of these continually changing U.S. All rights reserved.
That’s actually a really hard cross-functional exercise, and your systems will work better for you when you’ve done that exercise, because systems are just the manifestation, the automation, the efficiency, and the accuracy of that process. But you have to know what your process is.
Our initial take was that businesses and their supplychain teams need to be prepared with various scenarios and options related to any impacts brought about from added tariffs. North America and other global based supplychain leaders and their respective teams therefore face difficult challenges in the months ahead.
If you asked those same leaders what they wished they had in place and are now investing in heavily, the answer would be “supplychain analytics.” Moving from raw, unintegrated data to useful supplychain analytics is expensive — and it takes time. Enter 2025, and we’re facing another major supplychain challenge.
SupplyChain Matters provides our assessment commentary relative to yesterdays declared U.S. The announcement was highly significant in its scope and implications for multiple industry focused supplychain management teams moving forward. liberation day tariff announcements. All rights reserved. The post U.S.
For supplychain employers, particularly those managing large, distributed workforces or frontline operations, understanding this shifting landscape is essential to staying compliant, minimizing risk and planning for the future. For supplychain employers, this moment offers an opportunity to reassess.
SupplyChain Matters calls reader attention to a report that indicates the pre-loading of an estimated $36 billion in pharmaceutical API raw material. SupplyChain Matters has featured some joint announcements from drug makers and the Trump Administration relative to new or added investments in U.S.
SupplyChain Matters highlights recent data regarding China s reported trade deficit and export trade volumes and the implications to industry supply network strategies in 2025. We pointed to the various implications to either global based, nearshored or domestic supply network sourcing strategies. administration.
Many industry supplychain strategists, supply management and planning teams were obviously awaiting such specifics and timing, along with the implications that such actions would bring. Bob Ferrari Copyright 2025, The Ferrari Consulting and Research Group and the SupplyChain Matters blog. All rights reserved.
It is not merely about procuring machinery; it is about securing a partnership that resonates through the entire lifecycle of your projects. A reliable supplier should have a robust system, ensuring you can quickly procure necessary components without delays. appeared first on SupplyChain Game Changer™.
For telecom, this translates into: AI-powered forecasting : Aligning marketing, supplychain, and network teams with a single source of truth. End-to-end visibility : Eliminating fragmented decision-making by integrating demand planning, procurement, and fulfillment.
As I was enjoying the holidays, I had an opportunity to reflect on the year past and what the future holds for supplychains. However, organizations will need to be deliberate in designing supplychains with optionality so it does not become cost prohibitive. SupplyChain Design is essential in tackling these.
Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supplychain goals. One master of freight procurement is Kyle Masters. Procurement ran a request for proposal event.
Makers of weight loss drugs are looking out a big picture window of patented opportunity right now, but this rosy view is blocked by supplychain challenges. What role can supplychain play in preventing stockouts? So how can supplychain orchestration help?
After a dramatic drop at the beginning of the pandemic, SupplyChain Management (SCM) and Enterprise Resource Planning (ERP) software public valuations are near twice the ten-year average. The majority of the transactions are in Enterprise Resource Planning (91) versus supplychain planning (31). Imagining What Could Be.
I use this example to illustrate the challenges (or, perhaps, the futility) of making supplychain and logistics predictions. More companies will treat SupplyChain Design as a continuous business process instead of a standalone project or a once-a-year exercise. The Google Robot, Your Future Logistics Worker.
Unfortunately, the use of full truckload shipments and expenditures have hit an all-time high, reports Kate Patrick of SupplyChain Dive. The Solution: Shippers Must Use Out-of-the-LTL-Box Strategies Shippers must take a more strategic approach to truckload procurement, explains CH Robinson via SupplyChain 24/7.
For more than a year, global supplychains have been buffeted by one major disruption after another. Raw materials are in short supply, many manufacturers have temporarily mothballed production lines, transportation costs are rising, and labor is getting tight on our roadways , railways and ocean vessels. The impact?
At the end of a long day of a strategy session on supplychain excellence with a client, I needed to fill up some time in an agenda. Over the last decade, I find fewer and fewer companies understand supplychain planning. Over the last decade, I find fewer and fewer companies understand supplychain planning.
Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for SupplyChains. Feature Article by Dr. Raymon Krishnan – President at the Logistics and SupplyChain Management Society. Firms must constantly evaluate and evolve their supplychains and leverage opportunities.
Whether you’re planning to benchmark your supplychain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supplychain component. 7 Procurement KPIs You Should be Using. Cycle times are critical in the supplychain.
In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. When Covid-19 hit, supplychains across the globe nearly came to a halt.
Do you dream of confidently navigating the ever-changing procurement world, not confused with what procurement training to opt for? The SCMDOJO Procurement Track isn’t just another training program – it’s your key to unlocking a commanding presence in the field. Dive in and discover the power within!
Brad serves as the Senior Director of Customer Strategy at Emerge , the leading freight procurement platform. Through thousands of shipper and carrier interactions revolving around successful freight tech implementation, Brad brings an incredibly valuable perspective to any shipper looking to introduce technology into their supplychain.
As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supplychain vendors who could deliver AI based solutions at a faster turn.
The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.
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