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Optimizing fulfillment requires a series of steps to get a shipment from its source to the end customer. These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management.
This blog offers a clear, practical overview of what spend analysis is, how it supports strategic sourcing, and why it matters for both direct and indirect procurement. When done right, spend analysis enables cost savings, supplier optimization, risk reduction, and more strategic sourcing decisions.
You’ll learn how to review your current approach, pinpoint gaps, and start implementing improvements right away, focusing on automation, data visibility, and stakeholder alignment. Centralizing data enables better sourcing decisions and improves collaboration across procurement, legal, and business other units.
Download Now AI Solutions for Complex Demand Planning For supply chain professionals, managing demand involves analyzing multiple signals from diverse sources. A New Era of Demand Planning White Paper Learn more about these new demand models in this whitepaper.
In "How to Avoid the Pitfalls of Contract Management in Telecom and High-Tech," GEP experts outline a four-pronged approach to getting contract management under control once and for all.
You’ll learn how to review your current approach, pinpoint gaps, and start implementing improvements right away, focusing on automation, data visibility, and stakeholder alignment. Centralizing data enables better sourcing decisions and improves collaboration across procurement, legal, and business other units.
We’ve seen AI take over everyday tools and search engines; AI in Sourcing and Procurement is becoming a strategic tool in our kit, At Ivalua, we are helping global procurement teams integrate AI across the Source-to-Pay process, bringing automation, insight, and agility to every step. This is where AI can make a huge difference.
The key is to measure how well your supply chain can absorb uncertainty, rather than striving for perfect forecasts. Heres how to approach this shift from forecast-driven to uncertainty-driven planning: Acknowledge that your forecast will be wrong. If your forecast is wrong, then any decisions based on that forecast will also be wrong.
The rise of AI technology combined with Source-to-Pay (S2P) digitization are becoming key allies for leading procurement teams in their quest for ever smarter workflows, improved insights, and data-based decision-making. This makes it difficult for procurement teams to assess their impact or plan responses.
One policy shift and your sourcing strategy is upside down. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
However, before you can bring your vision to life, you need to source everything needed for your nightclub to run smoothly. In this article, we’ll explore how you can source everything needed for your nightclub to create the perfect atmosphere for your patrons to dance the night away.
A data gateway is essentially a connective tissue across your supply chain, providing unified access to supply chain data from various sources, including enterprise systems, data feeds, data warehouses, data lakes, data marts, and business entities.
There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Price fluctuations and sourcing issues. Trade disputes and tariffs.
Why Download: Identify and assess critical supply chain risks Ask the right questions to evaluate vendor preparedness Implement effective strategies to reduce vulnerabilities Improve communication, transparency, and coordination across your network What You’ll Learn: How to evaluate and monitor suppliers for resilience Tips for diversifying sourcing, (..)
The difference between sole source vs. single source is on the surface. In single sourcing, your company selects a single supplier exclusively , even though there are other capable suppliers on the market. In sole sourcing, you don’t have a choice —only one supplier can provide what you need. The reason?
Image source: Oliver Wight. The right tools can help to assess how you can build towards your strategic plan. The post 7 Pitfalls of Stalled IBP Initiatives and How to Overcome Them appeared first on AIMMS SC Blog. In this part of the process, teams typically struggle with a lack of transparency and poorly aligned expectations.
A data gateway is essentially a connective tissue across your supply chain, providing unified access to supply chain data from various sources, including enterprise systems, data feeds, data warehouses, data lakes, data marts, and business entities.
A business will lose money if these resources and services are sourced from distant regions and locations. And vice versa, sourcing from nearby locations will save money and time. The following chapters will review three core local SEO strategies and focus on how to boost these essential SCM processes in your business.
Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. But by then, it may be too late. In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.".
Additionally, your platform still needs to provide your operations with an open portal into the common data lake, establishing access to a source of truth from any system or device in near real-time. Our mission and core values are the foundation of our culture and guiding source in our interactions. Sound too good to be true?
This includes the entry of the order, sourcing, payments, and fulfillment. The post How to Achieve the Perfect Delivery appeared first on Logistics Viewpoints. Distributed order management allows an organization to capture all information in the order management process across all relevant channels. You can watch the full video below.
Diversify your sources: Avoid placing all your supplier eggs in one geographical basket. Maintain reserve stocks: Keep extra inventories as a buffer against abrupt shortages Cultivate multiple sourcing strategies: Broadly distribute risk by diversifying the number of vendors for any given product line.
Table of Contents ** Minutes What is product sourcing? Where can I source products from? This makes it essential that buyers understand where they are sourcing their products from and how that ultimately affects their brand. What is product sourcing? Where can I source products from?
Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes
Gain insights into the following: 🎯 Understand the essential role of customer data in creating personalized retail experiences 🔍 Master the step-by-step process for collecting and analyzing data for personalization success 🚀 How to apply new found insights to enhance both online and offline shopping experiences 🛒 Learn (..)
As a result, hospital chains largely lacked competence in sourcing. They don’t want a businessperson telling them how to practice clinical medicine.” In many healthcare systems, the costs of these supplies and services were not closely examined. The costs were passed down the line to patients and insurers.
A well-known formula used in inventory management incorporates these variability assumptions, Read more Source Statistical formulas are commonly used to size safety stocks, helping businesses account for demand variability and lead-time variability.
Five Ways to Improve your Supply Chains Resilience 1) Create Transparency This process involves determining the critical components for your operations and then, working with production personnel, identifying which ones are sourced from high-risk areas and lack ready substitutes.
Shippers’ end-to-end supply chain predictions are based on applying AI to OpenWeb searches, import/export records, data from sourcing platforms like ThomasNet, federal logistics records, and other data. These predictions accelerate a company’s ability to verify how its extended supply chain is constructed.
It's no secret that hiring for a senior management position is a tough task for recruiters, and remaining open to changes and seeking better ways to source candidates is critical. How to Source Talent. In this eBook, learn: The Discovery Processes. Ways to Reach Best-fit Candidates.
So, many users still buy TikTok followers from reliable marketing sources. Before we dive into how to work with influencers on TikTok, first let’s look at who’s using the platform to see if it would be a good marketing fit for your brand. Let’s dive into how to do that successfully. Have you already tried to work out this point?
Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?
data extractors, search APIs) to perform tasks, enabling them to dynamically adjust to new information and real-time knowledge sources. Begin experimenting with task specific agents to understand the specific benefits and how to scale them across the organization.
It collects and stores data from a variety of sources. These sources may include electronic logging devices, telematics networks, mobile devices, RF devices, and GPS information from automatic identification systems for ship locations and NORAD for aircraft positioning. The post Do You See What I See?
How much value could you add? This framework explains how application enhancements can extend your product offerings. Just by embedding analytics, application owners can charge 24% more for their product. Brought to you by Logi Analytics.
Ivalua commissioned Forrester Consulting to conduct a Total Economic Impact (TEI) study , offering key insights into how companies can unlock substantial financial benefits and operational improvements by adopting Ivalua’s unified Source-to-Pay (S2P) platform. NPV generated over three years for a typical organization.
Here’s how to get a head start now and set your business up for success. Evans’ customers have access to evans365, a business intelligence tool that provides a holistic view of account activity, based on real-time data from Evans’ warehouse management system (WMS) and other data sources. Learn more. Ready to get started?
This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supply chain. What Is Procurement Technology? Here are some of the most important tools teams are already using.
The data outcome is open source and can be used to improve project outcomes. The course is designed to facilitate networking and engage like-minded leaders in a “how-to class” on building outside-in planning processes. This work was expensive. I thank Kinaxis for funding the graduate students working on this project.
Speaker: Fernando Penteado, CPSM - Supply Chain and Logistics Executive, Global Markets Expert, and International Speaker
Now, as a variety of disruptive events cause supply chain challenges, companies are contemplating bold moves to keep business moving, including moving sourcing and manufacturing closer to home markets and maintaining a larger reserve stock to help manage the fluctuations in supply and demand.
In April’s Green Corridor Green Initiatives for Logistics, I wrote about how to make initiatives for your organisation so it can start to become carbon free. In the article I lay down how to do this in a 3-step plan. Identify sources of emissions 2. Create initiatives that will reduce the emissions 3.
We have not designed the planning systems to serve managers, directors, and vice presidents, aiming to improve decision-making and collaboration across the source, make, and deliver processes. Explore the data the organization owns and explore how to use different forms of data to answer the questions central to the business.
While the five sources of inefficiency and cost described here might seem like common sense, time has a way of eroding the good work done in initial warehouse layout planning. Use vertical lift modules (VLMs) or vertical carousels for smaller items and reduce your floor space requirements while improving pick rates.
AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies.
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