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Amul’s Supply Chain The Indian dairy industry is among the fastest growing sectors globally, providing livelihoods for millions of farmers and contributing over 5 percent to the economy. Direct Procurement : Milk is collected directly from farmers at the village level. through net-enabled kiosks in the villages.
Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
A lack of standardized ESG metrics across industries and regions makes it challenging to consistently evaluate and compare supplier performance. Procurement and sustainability functions often operate independently, leading to inconsistencies when ESG criteria are applied during sourcing and supplier management.
They emphasized being an Industry Cloud Complete Company with industry-specific solutions for over 2000 micro verticals across Process Manufacturing, Distribution, Service Industries, and Discrete Manufacturing. Industry-specific content is available for processes like Source to Settle, Procure to Pay, Order to Cash, and more.
The GEP white paper lists 5 common mistakes that impede the success of procurement professionals. Learn from industry veteran Bill Huber about the wrong and right ways to approach a procurement mandate and why just saving money isn’t enough. Download this report now to learn how to avoid the worst procurement practices.
Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
Four key reasons why suppliers are critical for managing direct spend Innovation and Product Development: Suppliers often have deep knowledge about the materials, processes, and industry trends that can drive innovation. This means involving procurement in the highest levels of strategic planning and decision-making.
Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.
Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. This blog explores the most common challenges in digital procurement and the capabilities that matter most.
Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski
Procuring freight can be cumbersome, time-consuming, and error-prone. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by streamlining bid processes and more!
In this type of environment, traditional procurement software and manual processes are insufficient – and many procurement teams are looking to artificial intelligence (AI) for answers. Key Takeaways Understand the potential impact of AI – including Generative AI & AI Agents – in procurement.
Surviving the ride: How leading industries are turning tariff challenges into opportunities fbaker Thu, 05/29/2025 - 08:01 Navigating today’s unpredictable trade landscape can feel a bit like a white-knuckle ride, with companies constantly bracing for the next twist. Learn how industrial manufacturers are navigating tariff disruptions.
Sales & Operations Planning (S&OP) is an established industry process that aims at finding a balance between demand and supply and streamlining cross-functional collaboration. Procurement People should learn the Sales & Operations Planning (S&OP) Process.
Because software-driven architectures touch virtually every industry, there has been an increased need for electronic components including computer chips in every industry. It will have a long-term impact on all industries, even those that don’t directly relate to the chip manufacturers. Understanding the chip industry.
Despite the evolution of technology, none of the 28 industry segments I follow can drive improvement at the intersection of operating margin and inventory turns. The industry is full of experts. I think that the answer has five parts: The Belief that the Industry Has Best Practices. The industry is not clear on desired outcomes.
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 procurement excellence.
This is the promise of smart contracts, a blockchain-driven innovation that’s beginning to impact the global supply chain industry. Procurement & Supplier Agreements Traditionally, businesses negotiate procurement contracts manually, issuing purchase orders, invoices, and letters of credit that require human validation.
This policy shift is being positioned as a voluntary industry transition rather than an outright regulatory ban. Companies may need to revise inventory strategies and adjust procurement lead times accordingly. The affected dyes include Red No. 40, Yellow Nos. 5 and 6, Blue Nos. 1 and 2, Green No. 3, Citrus Red No. 2, and Orange B.
Speaker: Rod Robinson - SVP of the Supplier Diversity Practice, Insight Sourcing Group
Supplier diversity programs are impactful and effective tools in your business strategy because they guarantee a diverse supplier base and ensure inclusivity within your ultimate procurement plan.
They sell to the automotive, data communications, medical, industrial, consumer electronics, and other industries. But the chief procurement officer has been made aware of the 10% of suppliers not participating. The company generates over $7 billion in revenue based on a presence in more than 40 countries.
For example, if I improve the cost structure in transportation, procurement, manufacturing and sales independently, what decision support framework decides the right trade-offs? So, in my journey to industry challenge to shift from inside-out to outside-in planning processes, I built the model shared in Figure 1. You are right.
The manufacturing sector is facing unprecedented volatility in global trade, with tariffs becoming the latest in a series of uncertainty drivers that are impacting virtually all industries. Supply chains need to be more agile than ever, yet much of the advice circulating in the industry remains high-level or less than ideal.
He brings a decade of industry experience, working at some of the largest 4PLs in North America. In roles across transportation operations and transportation procurement, Corey has executed complex solutions for companies in the manufacturing, distribution, and retail sectors.
Subscribe Digital Procurement Improves Supply Chain! And so are your procurement responsibilities. Sometimes, unforeseen disruptions, whether a natural disaster or an internal planning issue, can throw your procurement process off course. Understanding the most common procurement hurdles can help you navigate them effectively.
The supply chain industry is in a process of change that is technologically induced. Invoice processing AI will integrate with procurement, logistics, and payment systems. To track billing accuracy and supplier performance, tools like the Basic Procurement and Supply Chain Scorecard enable KPI visibility across functions.
Platforms like Maestro allow companies to model what-if cases in minutes, powering faster, more informed decisions across sourcing, pricing, and procurement. Accenture research shows that organizations with next-generation, AI-enabled supply chains are 23% more profitable than their industry peers.
Below, we dive into their key takeaways and explore five practical ways to make your logistics data actionable, with insights grounded in industry trends and high-authority sources. university, presented at an FNL freight forwarder event, which found that 80% of the data collected in procurement events goes unused.
These measures have contributed to adjustments in cross-border trade flows and affected planning in industries reliant on bilateral supply chains. This includes easing restrictions that had affected procurement, licensing, and customs processing. China responded with proportional tariffs and other administrative actions affecting U.S.
Modern procurement professionals need to be among some of the most highly skilled workers in any organization, and we want to help you identify exactly what essential procurement skills you need to lead your team as the industry continues to grow and evolve. Ethical sourcing is a huge part of this.
Real-World Success: Demand Planning & Supply Planning Results Industry research supports the effectiveness of probabilistic forecasting. Polaris Industries Polaris Industries , a powersports manufacturer, integrated probabilistic demand planning into its supply chain strategy. The result?
Jack Fiedler : We’re unique in the technology industry. We invest a huge amount of time and resources into our people and making sure that we have the best digital talent in the industry and that we’re doing the most innovative things in the supply chain. We run one of the few truly hybrid supply chain networks.
Just as technology has the potential to transform other major industries, its also having a major impact on procurement. One thing that is often overlooked in procurement, however, is the need to develop staff that are capable of using these technologies. Digital contract management Procurement contracts can be complex.
FDAs Drug Supply Chain Security Act (DSCSA) and global standards like ISO 20400 for sustainable procurement are driving companies to adopt blockchain for improved compliance and accountability. As Mediledger states The life sciences industry is uniquely complex in how pharmaceutical drugs move from manufacturers to serving patients.
Real-World Success: Demand Planning & Supply Planning Results Industry research supports the effectiveness of probabilistic forecasting. Polaris Industries Polaris Industries , a powersports manufacturer, integrated probabilistic demand planning into its supply chain strategy. The result?
Kinaxis' recent certification by Catena-X underscores a broader industry shift: the need for trusted, standardized, and sovereign data collaboration across the entire automotive value chain. It’s a signal of where the industry is going: toward a more transparent, resilient, and responsive supply chain paradigm.
By combining H&Zs sustainability expertise with JAGGAERs advanced procurement technology for Scope 3 emissions tracking and data collection, organizations can better integrate sustainability into their procurement strategies. As companies seek to address these issues, the role of procurement is changing.
It’s easy to feel at ease when procurement systems operate as they should—robust and solid. Procurement teams now face a clear need: build bendable systems instead of unbreakable ones. Let’s look at how procurement ecosystems can become more prepared for anything that comes their way. That is, until something goes wrong.
Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. The right procurement strategy ensures that organizations: Mitigate risks before they escalate. Want to future-proof your procurement function?
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. As companies across industries have discovered, a well-optimized supply chain can drive significant improvements throughout their operations.
In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Service level plays a pivotal role in the aftermarket industry, directly impacting customer satisfaction and loyalty.
Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects. For example, a student might work on a project that involves analyzing sales data to predict future product demand, thereby learning how to adjust procurement strategies accordingly.
Supply chain and procurement have undergone a seismic change in recent years. The Need for Supply Chain and Procurement Upskilling The global supply chain and procurement markets have changed drastically in the last number of years. There are also strong benefits to upskilling for your employees too.
From assistant to copilot to autopilot, JAI is a human-guided AI orchestrator revolutionizing supply chain management Research Triangle Park, NC, 24th June 2025 — In the vibrant setting of its global customer REV event in Miami, JAGGAER today introduced to customers and partners its latest bold leap forward in enterprise procurement transformation.
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