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The adoption of AI in supply chain automation is enabling companies to make more accurate decisions, reduce cycle times, and better manage complexity. AI in supply chain automation is gradually reshaping how core functions operate, particularly in procurement, warehousing, and logistics.
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 procurementcostreduction. It cutscosts yet helps maintain product quality and smooth operations.
Natural Language Processing Like OCR, natural language processing (NLP) eliminates manual invoice data entry. AI checks for duplicate invoices, validates totals, and confirms the accuracy of vendor details. On average, supply chain companies cut invoice handling by over 70% using AI tools.
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.
Companies often push aside procurement compliance to focus on more pressing issues. No wonder—procurement often gets tedious and burdened with time-consuming processes. However, ignoring procurement compliance is like ignoring a ticking time bomb. Scroll down to find out: What is procurement compliance?
They help manufacturers and distributors foster loyalty and encourage bulk purchasing. They provide precise control over rebate terms, ensuring all parties are aligned and reducing the likelihood of disputes. Managing Inventory: Help clear out excess stock, minimizing storage costs and reducing waste.
This shift has pushed supply chain leadership to pivot from reactive management to proactive strategy built on data. Analytics allows organizations to move beyond intuition. With real-time dashboards, predictivemodels, and risk simulations, leaders can identify bottlenecks before they occur.
The topic/report will be on the logistics M&A so far this year. The report will be available free for paid Substack subscribers but I’ll provide a summary and a link to the report in case you’re interested in either purchasing it separately or paying for an anuual subscribtion to my Substack articles.
With unpredictable shifts in consumer behavior, seasonal spikes, and mixed fulfillment models like omnichannel, adaptability is no longer a nice-to-have; it’s a requirement. If you want to set a fulfillment strategy for the next five to 10 years, you need flexibility without downtime.
Bowman, SupplyChainBrain The European Union is on the verge of rolling out a reporting regulation that promises to have a huge impact on businesses selling into the region. The DPP “represents a significant advance in product transparency and sustainability,” according to an EU report published in September of 2024. “As
With the new year on the horizon, we’re finalizing 2025 supply chain strategies for our most important customers. Know exactly what retail buyers expect from you and how to avoid damaging your relationships by reading our Retail Buyer Report. And as our gift to you this holiday season, we want to share that foundation with you!
Inventory Planner Inventory Planner helps you optimize your inventory purchasing operations with accurate forecasting and replenishment recommendations. Its Open-to-Buy (OTB) planning feature helps you plan your cash flow and inventory purchases according to your purchasing budget. Inventory management integrations 4.
Inventory Planner Inventory Planner helps you optimize your inventory purchasing operations with accurate forecasting and replenishment recommendations. Its Open-to-Buy (OTB) planning feature helps you plan your cash flow and inventory purchases according to your purchasing budget. Inventory management integrations 4.
Reported April 24 Over 60% of our business is from products that are manufactured, bagged, assembled or grown in the United States and only 12% of our business is direct imports. Recall, we purchased targeted additional inventory in late fiscal '25 and early fiscal '26, ahead of tariffs.
Reported April 22 Our trends in April have held consistent with March, and while market conditions remain soft, we've seen no appreciable downturn over the past two weeks, despite the tariff environment. Automotive Parts Genuine Parts , Q1 ending March 31. Brent Kirby – President Toys Hasbro , Q1 ending March 31. tariffs were enacted.
The report will be available free for paid Substack subscribers but I’ll provide a summary and a link to the report in case you’re interested in either purchasing it separately or paying for an anuual subscribtion to my Substack articles. Reported June 3. Reported June 3. Winifred Y. We are looking.
Research indicates that up to 75% of firms report positive impacts from outsourcing to logistics service providers (Langley J, Capgemini 2007). While many logistics service providers commenced as transport companies, they have diversified to engage in contract warehousing logistics, freight forwarding plus many other value adding services.
The topic/report will finally be on the logistics M&A through the end of May. The report will be available free for paid Substack subscribers but I’ll provide a summary and a link to the report in case you’re interested in either purchasing it separately or paying for an anuual subscribtion to my Substack articles.
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?
First, the immediate benefits for warehouses: reducing shortages and incorrect reorder points, eliminating the stress and cost of emergency orders, and minimizing the chance of losing customers due to unfulfilled promises. But just as important, the units directly cut working capital needs.
In a recent blog post, Tunca had this to say: “CSCOs must develop an organizational structure to support the management of growing fleets of robots by creating a warehouse automation strategy.” Financial performance metrics are valuable as they capture the economic consequences of business decisions.
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.
One measure of the health of the US manufacturing sector is the US Purchasing Managers Index from the Institute of Supply Management. Freight volumes were mixed but mostly down, as the “freight recession” continued on now for more than two years. growth for all 2025, 2.8% for overall global growth, and 4.0% compared to 2024.
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.
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.
This week: Winner in global tariff war could be Mexico, report says; DutyFreeZone.com secures distribution rights for Corona beer; and Korean auto supplier opens factory in Mexico. might slow down a little bit, but it is not going away,” Jose Guerrero, Uber Freight’s director of U.S. While the average U.S. Nearshoring.
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.
Click here to send us your comments In response, the National Motor Freight Traffic Association (NMFTA) has just released a framework it says can help shippers, carriers and brokers fight back against the growing and increasingly sophisticated threat of digitally enabled cargo theft.
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. Contingency planning for alternative ports is essential.
Click here to send us your comments That according to a recent blog post by the maritime analysts at Drewry, which noted that “More than five years have passed since the huge shipping disruptions, damaging port congestion, and cost spikes of the Covid period, but one feature has remained: freight rate volatility.”
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.
That price would represent about a 23% premium to Norfolk Southern’s stock before the first reports of a potential deal this month. Bloomberg News reported previously that a transaction could be announced as soon as this week. Norfolk Southern is set to report second-quarter earnings July 29.
All that is distant memory now, as the maker of freight trucks powered by hydrogen fuel cells announced it had begun selling off its assets. But according to a report on the data, US birth rates rose only for one demographic: Hispanic women. March The US CDC announced that the number of US births in 2024 was 3.6
with 34% of consumers saying that theyve delayed making purchases until theres more certainty. with 34% of consumers saying that theyve delayed making purchases until theres more certainty. with 34% of consumers saying that theyve delayed making purchases until theres more certainty. According to a survey of 1,000 U.S.
Click here to send us your comments The Cass report showed May shipment volumes in the US were down 3.4%seasonally The monthly report from Cass and partner Tim Denoyer of ACT Research is based on data from the billions of dollars of freight bills that Cass pays for its shipper clients. Supply Chain Digest Says.
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.
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.
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.
He founded a new freight company called “Federal Express,” to denote his national ambitions. 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.
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?
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