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I laugh when business leaders tell me that they are going to replace their current supplychain planning technologies with “AI.” Each supplychain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions.
When you talk to companies that have implemented enterprise or supplychain applications, executives will usually admit that they have under-invested in training and preparing users to use the new technology. Molex implemented a multi-enterprise supplychain network platform from SAP called SAP Business Network.
However, as carbon taxes and emissions reporting requirements continue increasing, supplychain professionals face mounting pressures from inside and outside their organizations to measure and improve performance against new, nebulous sustainability metrics.
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than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems.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.
Five years ago, we all thought the COVID-19 pandemic resulted in the most disrupted supplychain landscape we would ever see. Since then, supplychain disruptions and volatility have only increased. With the global e-commerce market predicted to reach $8.1 We were wrong. The Ukraine-Russia conflict is ongoing.
Procurement and supplychain 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.
As supplychains become more interconnected and risks more dynamic, traditional procurementtools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. They can learn and improve over time, as they collect new data and feedback.
As supplychains become more interconnected and risks more dynamic, traditional procurementtools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. They can learn and improve over time, as they collect new data and feedback.
While SAP has had procurementanalytics solutions, last year at Spend Connect Live, SAP announced the Spend Control Tower. Daniel Chapman, the senior director of process transformation for procure to pay at Warner Music, was a keynote speaker. My advice,” he concluded, “is just jump in. It is a brilliant tool.”
In this type of environment, traditional procurementsoftware 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.
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.
In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supplychain excellence. For example, a cost improvement in one function could raise the costs in another. ” Let’s face it all supplychains have error.
My head is wobbling with announcements, late-night Friday press releases, company name changes, and executive turnover in the supplychain planning market. Logility, a conservative company supplychain planning technology, historically had no debt and cash reserves of more than 80M, is undervalued in this deal.
E-commerce giants like Amazon, Alibaba, Temu, and Shein are expanding their global warehouse footprints, driving the adoption of WMS to manage inventory, reduce lead times, and optimize last-mile delivery. A majority of warehouses report labor shortages, and more than 50% cite this as a significant business challenge that is only worsening.
If you’re evaluating procurementtechnology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. You know there are opportunities hidden in the numbers; the challenge is surfacing them in time to act. Let’s dig in!
Supplychain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.
This year’s conference brought together industry leaders, tech pioneers, and retail professionals to address challenges and opportunities, to explore technologies and strategies that promise to revolutionize the industry. Here are the key insights we gathered firsthand at this year’s event.
Strategic sourcing and innovative solutions are often viewed as two distinct procurementtools, 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.
Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.
As Procurement teams are tasked to do more with less in an increasingly complex and uncertain market, digitization has become a must. Procurement leaders have increasingly turned to Spend and Supplier Management platforms to improve decision-making, efficiency and collaboration. What is Total Economic Impact? Payback in under 6 months.
The Covid-19 pandemic tested the global supplychain. Like riding a bumpy road, the supplychain leader is riding the ups and downs of changing market conditions facing greater variability day-to-day. Here, based on interviews with supplychain leaders, I share lessons learned. It will not be over soon.
Analytics and business intelligence (BI) are no longer optionaltheyre essential. But to do that effectively, they need more than just spreadsheets and static dashboards. They integrate, align, and activate data across the business to drive better, faster decisions unlike legacy reportingtools that can’t.
Machine learning (ML)a specialized field within artificial intelligence (AI)is revolutionizing demand planning and supplychain management. These improvements directly strengthen the bottom line, making ML capabilities an essential component of modern supplychain management software.
For most CPOs and CFOs, deciding on the right purchasing setup — centralized or decentralized — is no small task. Each model has its perks, and choosing the best fit can feel like walking a tightrope. Keep reading to learn: What is centralized purchasing? What is centralized purchasing?
“May you live in interesting times,” widely attributed as a Chinese curse, some claim this as a blessing; whichever side you take, this is exactly what’s happening in the supplychain world since 2020, and it looks like we will be living with this blessing/curse for a while longer. Emerging Themes for SupplyChain Planning.
Supplychainautomation refers to the tools and technologies we can use to make manual tasks automated, reducing the need for human workers. It’s sometimes misunderstood, but it’s actually integrated into almost all supplychains nowadays in av ariety of different ways.
He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supplychains. Containerization eventually reduced shipping and loading costs by at least 75%. The myth of the “perfect plan”.
Today, we published The SupplyChains to Admire for 2023. Nvidia, Northrup Grumman, PACCAR Inc, PCA (Packaging Corporation of America), ResMed, Rockwell Automation, Ross Stores, Taiwan Semiconductor Manufacturing (TSMC) Company, Tempur-Pedic, TJX, Toro, Toyota, West Pharma, United Tractors, and Urban Outfitters. I admit it.
Today, supplychain excellence matters more than ever. During the pandemic, the supplychain discussions take new importance. While the supplychaintechnology market lost its allure at the start of the last decade, it is now cool again. The supplychain career is new. Reflection.
Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supplychain resilience. Background The Council of SupplyChain Resilience met for the first time this month. What is supplychain resilience? The reason?
Remember those times when we used to stroll down the block and find local stores such as the mom-and-pop diners and get the chance to relish the coziness and sense of family environment there. Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement.
Procuring transportation for freight is much different than any other procurement category. There are different tools, goals, and market dynamics. Transportation procurement needs to support both customer service and a company’s internal supplychain goals. One master of freight procurement is Kyle Masters.
I seethed as the news stations celebrated supplychain success for the December holidays. The health of the supplychain underpins our economy. When the supplychain is sick, all industries suffer. Not only did the cost increase, but variability tripled. jump in apparel costs and 5.5%
In a major advancement for global supplychaintechnology, project44 has launched Movement, a comprehensive Decision Intelligence Platform that transforms how businesses manage their supplychains. The platform is built on a four-layered framework: Connect, See, Act, Automate.
A digital workforce weaves together disconnected automationtools – Robotic Process Automation (RPA), AI, and machine learning – to think, act and analyse the way a human worker would, and work alongside humans. RPA as it is also referred to, has the capability to transform supplychain management. Procurement.
Procurement and SupplyChain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supplychain focuses on service and procurement focuses on the cost of acquiring materials and services.
For businesses, DPPs are becoming essential to comply with best practice guidance as well as coming statutory regulations that demand transparency in supplychains. Blockchain can also build trust in the supplychain, as all channel stakeholders can verify the same data.
increase, highlighting a broader slowdown in consumer confidence amid economic uncertainty and rising costs. Complicating matters, e-commerce retailers—particularly those heavily reliant on imports from China—are feeling the pressure from higher costs of goods sold (COGS). In 2020, U.S. Although U.S. retail spending grew by 1.7%
Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supplychain teams will play a crucial role in making this vision a reality.
In today’s business world, real-time data isn’t just nice to have; it’s essential. Mobile inventory management is a digital solution that combines a mobile inventory app with cloud-based software to track, manage, and optimize inventory in real-time. Let’s get started!
Opportunities for ProcurementTechnology As we look toward 2025, European businesses are reshaping their supplychains to navigate an increasingly complex global landscape. What This Means for Procurement: Procurement teams need tools that provide real-time tracking and end-to-end transparency across the supplychain.
Supplychain excellence is easier to say than to explain. Executive teams strive to drive improvement in supplychain results; yet, sadly, only four percent of public companies succeed. The promise of a well-intended consultant just sounds sooooooo good. The supplychain is a complex non-linear system.
In an age where supplychains face persistent disruptionsfrom pandemics and trade wars to cyberattacks and climate volatilityresilience is no longer optional. This shift has pushed supplychain leadership to pivot from reactive management to proactive strategy built on data.
I work in supplychain. If I had done due diligence, I’d have seen the warnings – the retailer had pretty pictures on their website, but their supplychain failed them, creating an eleven-month saga and unhappy customer. The failure was in supplychain orchestration – connecting planning to execution.
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