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Lastly, West Central Ag services were acquired by CHS forming a new ag retail business and BSR released its 2025 supply chain outlook. The talks, which had been stalled since early November over disagreements on automated container handling technology, are crucial to avoid a potential strike that could disrupt East and Gulf Coast ports.
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. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore.
Home Making Logistics Data Actionable: Insights from Freightos and Gryn July 7, 2025 Blog Data is the backbone of efficient decision-making. However, transforming raw data into actionable insights remains a significant challenge for many logistics organizations.
While SAP has had procurement analytics 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. It is a brilliant tool.” Those types of disagreements disappear in a SCCN platform.
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. How can a supplier diversity program help you gain invaluable competitive advantages? Ready to get started?
Orchestration – the real-time coordination of supply, logistics, and demand – is becoming the new standard. AI-powered orchestration platforms bridge this gap with responsive visibility into cost impacts, risk exposure, and sourcing alternatives. According to Accenture, companies miss out on $1.6
The tools we have used, ERP systems, spreadsheets, and siloed databases, have served us well, however as complexity increases, and the margin for error narrows, there has been a growing recognition that patchwork systems are no longer enough. This means it can: Embed semantic search into procurement or customer service workflows.
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.
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.
Jack Fiedler : We’re unique in the technology industry. We’ve taken the same hybrid approach from a supply chain technology perspective. I’m responsible for the overall digital transformation, including technology. But then it very quickly evolved into a full intelligence platform.
Geopolitical instability, extreme weather, labor shortages, and fluctuating consumer demand regularly impact global logistics. They integrate AI into demand forecasting, inventory optimization, and logistics operations to improve efficiency, reduce costs, and mitigate risks. Amazon is a leader in AI-driven supply chain management.
They are no longer just vendors of goods and services. Access to Unique Process and Asset Capabilities: Some suppliers offer unique skills, technologies, or processes that are not available in-house or through other sources. This means involving procurement in the highest levels of strategic planning and decision-making.
When one thinks of supply chain software vendors, the name InterSystems may not spring to mind. They offer software systems and technology for complex integration, rapid application development, and advanced analytics and sell those solutions to companies that need to accelerate optimized business outcomes.
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
When you talk to companies that have implemented enterprise or supply chain 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 supply chain network platform from SAP called SAP Business Network. Training is critical.
Smart contracts are software programs that self-execute and are stored on a blockchain. Suppliers of smart contract development tools: Ethereum Foundation, Polkadot, Hyperledger, OpenZeppelin, Chainlink How Smart Contracts Automate Supply Chains 1. Suppliers of blockchain logistics solutions: VeChain, IOTA, Helium, IBM TradeLens 3.
Planners are uniquely positioned with an end-to-end focus, from procurement of materials, through manufacturing and engineering, to the movement, storage, and delivery of finished products or services. Supply chain professionals use various tools, including supply chain modeling, inventory management, and forecasting.
In “Navigating the Numbers: Tariffs, AI, and The Future of Supply Chains”, Joe Lynch and Corey DeSantis , BDO’s Logistics and Transportation Subject Matter Expert, discuss the evolving landscape of global trade, the transformative power of artificial intelligence, and strategies for building resilient supply chains for tomorrow.
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
Procurement and sustainability functions often operate independently, leading to inconsistencies when ESG criteria are applied during sourcing and supplier management. Legacy procurement systems pose challenges, as they were not designed to capture and manage ESG-related data. Companies also face internal coordination issues.
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.
Construction materials procurement (e.g., Agencies are directed to review and revise existing rules that may limit AI integration in agriculture, logistics, manufacturing, and healthcare. For supply chain operations, this means: Fewer constraints on the use of predictive analytics and automation tools. developed AI products.
Support It With Technology Continuity planning relies on prompt, reliable data. Real-World Examples Maersk (2017): A ransomware attack crippled IT systems across its global logistics network. Technology helps, but it’s only as good as the people and processes around it. It should be woven into how the supply chain is run.
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.
A supply chain planning application is the core technology that enables robust planning. Interestingly, while demand for SCP applications has slowed, the investments made by leading SCP suppliers show that they are determined to make their planning platforms capable of supporting greater agility. More than 5.6
However, logistics managers cannot deliver against todays goals with yesterdays TMS systems. Advanced TMS systems should provide tools to visualize these relationships, enabling managers to make strategic choices that comprehensively balance costs, efficiency, and sustainability.
The global supply chain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects.
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.
Direct Procurement : Milk is collected directly from farmers at the village level. Technology Integration : Use of technology in logistics, inventory management, and supply chain tracking has helped improve efficiency and transparency. This empowers them to have a stake in the business and share profits.
Blockchain technology is supporting this by providing a secure, decentralized, and tamper-proof method for real-time product tracking. 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.
Companies must take a pragmatic approach leveraging supply chain planning technology and strategic decision-making to effectively navigate tariff volatility and uncertainty. Platform Revisions to Material Sourcing Re-evaluating Bills of Materials (BOMs) and redesigning sourcing strategies can help reduce reliance on high-tariff regions.
The ACA led to a move away from fee-based services and toward compulsory value-based payment initiatives. 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. Procurement was a natural place to focus.
Sudden tariff increases can quickly make a cost-optimized procurement strategy untenable, leaving companies scrambling to adjust. When a new tariff is proposed, companies using AI-based forecasting tools are often able to adjust their sourcing or logistics strategies well before the policy takes effect.
Food and Drug Administration (FDA), in collaboration with the Department of Health and Human Services (HHS), announced a plan to phase out eight petroleum-based synthetic food dyes from the U.S. Companies may need to revise inventory strategies and adjust procurement lead times accordingly. Yesterday April 4 2025, the U.S.
I question how we can remain open to outcomes and have data-driven discussions as technology continues to offer new opportunities. Examples are consensus forecasting, the evolution of the SCORE model, the Annual State of Logistics Report, and the Gartner Top 25. During the pandemic, logistics was a constraint. percent to $1.85
The Top 5 Impacts of Artificial Intelligence (AI) in Logistics! Better inventory management, intelligent manufacturing, flexible logistical systems, and real-time delivery controls have all been made possible by the use of artificial intelligence (AI) in the supply chain and logistics.
Digital Opportunity for 3PL Logistics Operations! Supply chain software is a game-changing tool that offers immense opportunities for growth and success in the transportation services market. Failed customer expectations Logistics management software often has difficulties in fulfilling client expectations.
Black (Swan) is the New White Since 2019, supply chains and logistics have seen one black swan event after another disrupt operations and impact costs starting with trade wars and the pandemic and continuing through the Ever Given, Houthi attacks in the Red Sea , multiple labor disruptions, and now a possible renewed trade war.
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. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.
Fictiv , a global supply chain technology company, announced that it has entered into an agreement to be acquired by MISUMIGroup Inc., Based in Japan, MISUMI supplies mechanical components, tools, consumables, and other products to more than 318,000 companies worldwide. Once closed, Fictiv will join MISUMI.
Fleet Feet is the largest franchisor of retailer specialty stores focused on providing premium service for runners, walkers, and fitness enthusiasts of all abilities. When new industrial technology emerges, it is large companies that implement them first. There is a lag before smaller companies begin to implement the technology.
By digitalizing and automating their production planning processes, manufacturers can respond faster and more profitably when confronted with demand variability, materials shortages, logistics roadblocks and other supply chain issues. But what practical benefits does advanced production planning software deliver?
Supply chain optimization is no longer about individual tools that solve individual problems. The technology is ready to go; now is the time to use it.”[1] That’s exactly what Kyle Krug , Vice President of Corporate Strategy & Marketing at Legacy Supply Chain Services, suggests. ” Logistics optimization.
At the heart of this transformation is the integration of advanced technologies that allow systems to communicate in real time. This connection between machines, software, and data is key to improving decision-making, reducing waste, and boosting operational efficiency. Smart factory integration is not just a technological upgrade.
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