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Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Were raising the bar.
While past efforts focused on meeting compliance requirements, organizations are now working to proactively embed environmental, social, and governance (ESG) principles into their sourcing, production, and distribution activities. Legacy procurement systems pose challenges, as they were not designed to capture and manage ESG-related data.
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?
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 planners are now frequently tasked with initiating transformations to address these various pressures.
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?
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than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems.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.
A production plan from an IBP meeting should be considered a rough-cut long-term plan, merely the best estimation of what was likely, not something written in stone. Production, in the short term, needed to flex to meet new opportunities and unexpected constraints. This realization led to a new focus on agile planning.
A production plan from an IBP meeting should be considered a rough-cut long-term plan, merely the best estimation of what was likely, not something written in stone. Production, in the short term, needed to flex to meet new opportunities and unexpected constraints. This realization led to a new focus on agile planning.
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. Orchestration is how companies will meet it.
However, logistics managers cannot deliver against todays goals with yesterdays TMS systems. For example, when implementing air-to-ocean logistics strategies, the solution will weigh ocean freight more favorably than air freight. Reducing emissions from transportation is crucial to achieving organizations sustainability goals.
companies accelerated shipments to avoid tariff increases, leading to short-term logistical bottlenecks. Trade Representative Jamieson Greer Chinese Vice Premier He Lifeng Meetings may be held in either country or in a third-party location, subject to mutual agreement. In the U.S., In China, a decline in exports to the U.S.
Update procurement documentation Your existing contracts probably don't account for the new tariff reality. Integrate this with your procurement and pricing systems so tariff impacts are visible in real-time decision making. Cross-functional governance Tariff management can't be a procurement-only responsibility.
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. Effectiveness emphasizes meeting strategic objectives and customer expectations.
Spare parts supply chains, however, come with their own set of complexities, requiring targeted strategies and specialized tools to meet these unique demands effectively. Streamlined Lead Times: Improved procurement efficiency potentially resulting in cost savings from optimized shipping arrangements and favorable supplier terms.
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.
To qualify for consumer tax credits like the $7,500 Clean Vehicle Credit, products must meet stringent sourcing requirements for battery components and critical minerals. This, combined with the general electrification of transport and buildings, is creating a surge in new power demand that many utilities are struggling to meet.
Unifying data across systems allows procurement teams to assess risk, model scenarios, and make more informed, value-focused tradeoffs. Understanding Strategic Sourcing Strategic sourcing represents a fundamental evolution from traditional procurement practices. As a result, margins can decline and innovation suffers.
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.
When you look behind the scenes of a global business operation, procurement strategy and supply chain management are usually top priorities, though theyre not always working in sync. This blog explores procurement vs supply chain strategy and looks at how aligning the two leads to operational excellence. It doesnt have to be that way.
Charting the Course to Sustainable Transportation: Our Journey to a Greener Future Introduction At LogiSYM Platinum in October, 2023, t he LSCMS Shippers Council recently hosted a round table event, bringing together key players in the logistics and supply chain management sectors to discuss the pivotal theme of sustainable transportation.
Digital Opportunity for 3PL Logistics Operations! Below are some common problems in supply chain management and how they can be mitigated with the assistance of software solutions and digital strategies in logistics. Failed customer expectations Logistics management software often has difficulties in fulfilling client expectations.
If you’re evaluating procurement technology 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.
At the core of every successful enterprise are four critical functions: supply chain management, logistics, transportation, and operations. Understanding the differences between supply chain, logistics, transportation, and operations is crucial for effective business planning, reducing delays, and controlling costs. What Is Logistics?
Improve Goods Flow By Outsourcing Logistics! Outsourcing logistics can provide numerous advantages for businesses of all sizes. While outsourcing any business function requires careful evaluation, logistics is an area where outside expertise and resources can offer a significant return on investment.
The logistics landscape is evolving rapidly as more manufacturers relocate production closer to domestic markets. For logistics professionals, understanding how these changes impact freight networks is critical to staying ahead. Investments in rail networks to reduce emissions and support sustainable logistics.
Parts produced early in the cycle may no longer fit revised designs or meet updated performance standards. On-demand production meets that need by replacing batch manufacturing with agile, made-to-order workflows. This makes it easier to meet client-specific requirements without creating excess stock or delaying production.
Behind the scenes of every successful business lies a well-orchestrated machine made up of four critical functions: supply chain, logistics, transportation, and operations. What Is Logistics? What Is Logistics? Real-World Example: Amazon’s two-day delivery is a result of highly optimized logistics, not just fast transportation.
Today, however, TGW Logistics is also benefiting from significant cost savings: in 2023 alone, process costs were reduced by around 2.4 Today, however, TGW Logistics is also benefiting from significant cost savings: in 2023 alone, process costs were reduced by around 2.4 million euros. million euros.
Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. Numbers speak louder: According to Procurement Tactics’ top procurement trends in 2025 , 83% of CPOs prioritize digitization. Keep reading to learn: What Is ERP in Procurement?
Strategic Sourcing Is Smart Procurement Strategic sourcing is thus a smart approach to procurement because it considers each sourcing project to be unique based on analysis, insight and knowledge of the marketplace. cost, products, legal terms, logistics etc.) Request proposals based on your specifications (e.g.
FreightPath is renowned for its innovative cloud-based learning management system and candidate recruitment solutions tailored for the logistics industry. John’s vision for continuous service improvement and his prior experience with global recruitment firm Search Logistics drive FreightPath’s success.
In the world of logistics, where timing, coordination, and precision are everything, documentation often operates behind the scenes—yet it holds the entire system together. As such, this article explores why accurate documentation is not just administrative busywork but the backbone of logistics operations.
These breakdowns accumulate and threaten the ability to meet delivery commitments. Thus, refining internal logistics involves mapping the movement of materials from storage to the production line and removing unnecessary steps or bottlenecks. Coordinating with procurement and suppliers further supports timely deliveries.
Definition: Procurement automation is the use of digital tools to make routine tasks throughout procurement more efficient. Advanced technologies like AI and cloud-based procurement software helps companies reduce the burden of manual work, lower costs, and gain insight into analytics. Why switch to automated procurement?
In this article, we’ll take you behind the scenes and explore the logistics and supply chain management that make modern casino operations run smoothly. These suppliers must meet strict standards to ensure fairness and security. Managing the Essentials: From Cards to Roulette Wheels Imagine stepping into a casino.
According to a survey of 250 global companies by the consulting firm McKinsey, 91% of shippers and 75% of logistics service providers have implemented a warehouse management system. In the distribution center, we tried adding staff and lengthening the workday to meet those challenges. But those things proved to be superficial fixes.
That includes everything from raw materials and manufacturing to packaging and logistics. Tesco and Walmart have announced procurement policies aimed at reducing carbon emissions and promoting sustainability throughout their extended supply chains. Known as Scope 3 emissions, these are also the most difficult to measure and manage.
Businesses that effectively orchestrate their supply chain operations can significantly cut expenses across production, warehousing, and logistics. By optimizing procurement processes, companies ensure that they acquire materials at the best prices and terms.
From procurement to delivery, supply chain leaders are expected to make faster, smarter decisions based on volumes of performance indicators, forecasts, and reports. Whether you’re walking into an S&OP meeting or preparing a supplier review deck, your ability to visually articulate your message can impact outcomes.
Thirty percent of digital transformation projects meet expectations. Industry-specific content is available for processes like Source to Settle, Procure to Pay, Order to Cash, and more. The post Infor Analyst Innovation Summit 2025: A Look at the Future of Industry Cloud appeared first on Logistics Viewpoints.
This article is derived from our newest SRM White Paper, “One Platform, One Vision – The Benefits of a Unified AI-Driven Supply Chain Planning & Procurement Decision-Making Platform” Ask a procurement leader and a supply chain planner about their biggest priorities, and you’ll likely hear two very different answers.
Because of its sophisticated software and ease of use, the Mac may be an excellent partner in logistics, analytics, strategic planning, and operational management. Ensure safety and productivity In today’s supply chain management (SCM) environment, data security is as critical as analytics or logistics. Regular meetings.
After enjoying the wet UK Bank Holiday, one of my first meetings was with an established FMCG CEO. I recall how many companies plodded along with what we now accept as core Supply Chain functions lost amongst other departments e.g. Buying, Procurement and Logistics would often end up reporting to Finance.
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