Remove Innovation Remove Inventory Remove Procurement Solutions
article thumbnail

Direct Spend Management: A Checklist for Enabling Shared Value with Direct Suppliers

Logistics Viewpoints

Suppliers are now crucial strategic partners that support product innovation, efficient supply chains, and overall competitiveness. An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing. This means involving procurement in the highest levels of strategic planning and decision-making.

article thumbnail

Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

Procurement and supply chain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

AI in Supply Chain Automation: Procurement to Logistics

Logistics Viewpoints

From sourcing and bid evaluation to warehouse slotting and dynamic routing, AI tools support faster and more consistent outcomes by processing large volumes of operational data and identifying patterns that human decision-makers may overlook. These capabilities are now being integrated into mainstream TMS, WMS, and ERP platforms.

article thumbnail

Procurement Technology: Enterprise Solutions Driving Efficiency and ROI

ivalua

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than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems.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.

article thumbnail

How Smart Contracts Are Impacting Supply Chains

Logistics Viewpoints

This is the promise of smart contracts, a blockchain-driven innovation that’s beginning to impact the global supply chain industry. Smart contracts are software programs that self-execute and are stored on a blockchain. How Smart Contracts Improve Procurement Automated Payments: When a supplier meets predefined conditions (e.g.,

article thumbnail

Mastering Disruption: A Smarter, More Connected Approach

Logistics Viewpoints

Most supply chain and logistics teams have recognized that the only way to combat todays incredible level of uncertainty is by adopting and applying digital tools. The pace and scope of supply chain disruption are beyond human cognition, manual analysis, and consumer-grade spreadsheet tools.

article thumbnail

No Balloons Needed: Practical Moves to Navigate Tariff Volatility

Logistics Viewpoints

Instead of broad, theoretical solutions, we need to go deeper and identify the tangible levers companies can pull to adapt. Establish inventory reserves in key markets to avoid supply chain disruptions. Standardizing materials across multiple products can enable greater flexibility in supplier selection and procurement.