Remove Lean Remove Logistics Remove Procurement
article thumbnail

Developing Agile Procurement Strategies: Thriving Amid Global Trade Disruptions

Logistics Viewpoints

Companies leaning heavily on global sourcing? Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore. What Is Agile Procurement? Agile procurement is your lifeline.

article thumbnail

At St. Luke’s, Supply Chain Excellence Depends Upon Doctor Involvement

Logistics Viewpoints

Procurement became a logical place for leading healthcare systems to focus. As vice president of supply chain and procurement, Mr. Wengert was brought in to drive change. Hospital chains’ approach to procurement lagged far behind the practices employed by manufacturers, retailers, and distributors. “We The post At St.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Beyond Cost Optimization: Building Resilient Supply Chains in an Unstable Trade Environment

Logistics Viewpoints

For years, supply chains were engineered to be lean. Lean models alone are no longer sufficient. Sudden tariff increases can quickly make a cost-optimized procurement strategy untenable, leaving companies scrambling to adjust. Procurement is another area seeing change. AI also helps with scenario modeling.

article thumbnail

Tariffs Are the New Normal: Boardrooms are Finally Demanding a Pivot to Real-Time Supply Chain Orchestration – by Mark Morgan, Kinaxis

Logistics Viewpoints

Orchestration – the real-time coordination of supply, logistics, and demand – is becoming the new standard. Platforms like Maestro allow companies to model what-if cases in minutes, powering faster, more informed decisions across sourcing, pricing, and procurement. Lippert Components is a clear example.

article thumbnail

Walmart and the New Supply Chain Reality: AI, Automation, and Resilience

Logistics Viewpoints

Just-in-time (JIT) inventory models, lean supplier networks, and offshore manufacturing reduced expenses but left companies exposed to disruptions. AI-driven analytics, machine learning, and robotics are improving procurement, inventory management, logistics, and supplier negotiations. percent, and extending payment terms.

article thumbnail

Supply Chain Efficiency: A Deep Dive into the Core Drivers

RFgen

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. Let’s break down these key components: Procurement: This is where it all begins.

article thumbnail

How MTSS Platforms Can Prepare the Next Generation of Supply Chain Professionals

SCMDOJO

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.