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Last year there were widespread strikes of ports on the East Coast, they were halted by a bandaid solution but the United States Maritime Alliance is set to resume contract negotiations on January 7th. The project is expected to create 450 jobs and produce 31,500 metric tonnes of synthetic graphite annually, supporting 325,000 EV batteries.
This week’s headlines reveal a logistics industry caught between two worlds: one still hampered by legacy systems and regulatory bottlenecks, and another rapidly evolving into a landscape defined by real-time orchestration, intelligent automation, and hardened digital trust. The transformation begins at the warehouse. And the real winners?
beef from 1,000 to 13,000 metric tons , removing the 20% tariff within that limit. Pharmaceuticals No finalized agreement has been reached for pharmaceuticals, though both parties have committed to negotiate preferential terms. Companies should incorporate these provisions into their sourcing, pricing, and compliance strategies.
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.
That’s because procurement professionals like you are under constant pressure to cut costs, reduce risk, and deliver data-backed insights to the business. This blog offers a clear, practical overview of what spend analysis is, how it supports strategic sourcing, and why it matters for both direct and indirect procurement. Let’s dig in!
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. This blog explains what a successful procurement strategy looks like in 2025, including a working definition, a strategic procurement framework, and the key steps to building one.
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. This blog explains what a successful procurement strategy looks like in 2025, including a working definition, a strategic procurement framework, and the key steps to building one.
Knowledge Graphs are emerging as an important tool for building advanced AI capabilities. These agents can communicate, negotiate, and collaborate to solve complex problems. This, Mr. Al Syed said, is key in moving from an incremental application ROI to bigger, more strategic forms of value creation. Al Syed elaborated.
As businesses strive to enhance efficiency, resilience, and sustainability, the demand for skilled supply chain professionals has never been higher. This blog explores how MTSS platforms can be strategically utilized to build the competencies necessary for success in supply chain management.
Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time. When decisions for either procurement or SCM are made in isolation, organizations can miss out on cost savings, end up with excess inventory, or experience delayed deliveries.
Jones Act regulations, limited carrier options, capacity constraints, inter-island transfers and price rigidity all make Hawaii a challenging edge case for shippers that requires bespoke strategies and careful thinking. A second layer of pricing. These assumptions quickly receive a reality check.
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.
Supply chain efficiency focuses on improving your processes whilst also reducing costs. In my experience the tipping point is around 6 vehicles – thats when the complexity of manually managing your fleet starts to outweigh the cost of proper routing and scheduling software. What is Supply Chain Efficiency?
Is inventory bloating your costs? Running procurement and supply chain without metrics is like driving blindfolded. Control Costs: Track value beyond just the purchase price and manage inventory effectively. Struggling with the true cost of ownership or serving your customers? Our course breaks down TCO/TCS.
Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). What contexts can it be used in and how, as well as the benefits of using cost performance index in supply chain contexts.
Today’s fast-moving supply networks demand more than intuition; they require systems thinking, digital fluency, and strong data skills. As a result, the degree plays a growing role in boosting cost efficiency and visibility across supply chains. Subscribe Thesis Ideas for Supply Chain Students!
In today’s complex logistics landscape, shippers are demanding more than just periodic tracking updates. End-to-End visibility —once a buzzword—is now a business imperative, unlocking the power of data analytics to improve performance, reduce costs, and manage risk with confidence. Which lanes are underperforming?
The Role of Agentic AI in Supply Chains Supply chains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting. Automates bidding processes and cost optimization. Here are some leading innovators in this space: 1.
Without experienced managers in place, truck availability drops, repairs are delayed, and cost control becomes difficult. These individuals are key to maintaining operational efficiency, cost control, and compliance. Strong supplier agreements and pricing structures depend on consistent leadership. Rising costs.
It’s exciting and chaotic, but without the right tools, it can turn into a logistical nightmare. Efficient logistics and shipment management can make the difference between happy customers and one-star reviews. Efficient logistics and shipment management can make the difference between happy customers and one-star reviews.
Definition: Vendor relations is a strategic practice of cultivating productive, long-term relationships with suppliers. When done right, it’s beneficial for both sides: vendors get a reliable client, while companies benefit from a stable supply chain, consistent product quality, better pricing, and room to grow and collaborate.
This architecture deliberately pushes beyond visibility to enable action and automation, ultimately working toward what project44 describes as “self-optimized logistics” through “adaptive, automated actions at scale.” This extensive connectivity has resulted in impressive metrics: 1.2
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. This evolution reflects procurement’s growing role as a strategic business partner.
Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs. truck, rail, air, sea) to identify the most cost-effective options.
Vendor Contract Management Vendor contracts are the backbone of supplier relationships, detailing terms, pricing, and obligations. This allows businesses to track expenses, costs, and payments against the appropriate financial accounts. This data is invaluable for evaluating suppliers, resolving disputes, or negotiating better terms.
This team controls what’s bought, from where, and at what cost for the entire organization. These benefits aren’t just about lower prices; they’re also about reducing transportation and inventory costs, which can really add up over time. Getting the goods to the right place The next step is logistics.
Rising costs, supply chain chaos, and economic swings put businesses under enormous pressure to protect their margins. According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction.
With global transportation costs climbing and carrier networks becoming more complex, transportation spend management has become a strategic priority — not just a back-office function. Why Transportation Spend Management Demands Better Data Transportation spend often ranks as one of the top operational costs for shippers.
Optimize costs without compromising supply chain continuity. Logistics & Transportation Failures: Port congestion, rising freight costs, and fuel shortages. Increased costs due to emergency sourcing. Improved Supplier Collaboration: Stronger relationships lead to better service levels and pricing.
Rising costs, geopolitical tensions, and tariffs demand a strategic and holistic approach to maintain profitability and competitive advantage. There are many ways an organization can cut supply chain costs. For many large enterprises, procurement makes up a large part of a company’s total costs.
Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.
More output with lower costs—that is the promise of optimization. When approached strategically and holistically, optimization efforts compound over time to yield a formidable competitive edge. Training and Cross-Training Employees Even the most advanced facilities require skilled employees to reach peak performance.
Operational risks: Supplier bankruptcies, poor quality control, or delays in logistics. Whether its political unrest in a region, shipping delays, or a sudden price hike, relying too heavily on one source can bring your operations to a grinding halt. Weekly check-ins, performance reviews, and strategic planning sessions go a long way.
Many people get confused about KPIs or Key Performance Indicators in Logistics and Supply Chain operations. Still, in this article, I will help you evaluate the need for supply chain and logistics KPIs in your organisation, and identify which types of measurement might be most appropriate. Which ones to use?…
With international commerce increasingly digitalized and customer requirements continuing to grow, the demands on supply chain professionals to create frictionless, responsive, and cost-effective operations have never been higher. Personalization is no longer the sole purview of marketing it’s also a logistics differentiator.
With today’s growing cost pressures and increasingly complex supply chains , quick fixes no longer cut it. Category Management (CM) is a strategic procurement approach that groups related purchases into categories to manage each as a strategic unit. High-cost drivers , such as low-volume purchases or overspecified items.
Download our Training Catalogs Gone are the days of one-size-fits-all training programs and static skill sets. A McKinsey Global Institute survey found that 87% of companies worldwide reported experiencing skill gaps now or are expecting to within the next five years.
I am a big believer in procurement getting involved as early as possible in new product development based on all the market knowledge available. The worst-case scenario is product engineering developing a new product, selecting a supplier and then telling procurement to get on with negotiation.
Their responsibilities focus on going beyond cost reduction and achieving broader business goals such as growth, innovation, and customer satisfaction. As procurement and supply chain leaders seek to optimize performance, collaboration with suppliers becomes a strategic tool for creating value for the business.
By understanding what it means to become a preferred partner to transportation providers, shippers can optimize their supply chain and gain a strategic advantage. Better Rates and Cost Savings When capacity is tight, carriers naturally prioritize their most desirable customers. What Is a Shipper of Choice?
Procurement teams are focused on securing supplier agreements, managing costs, and mitigating risks. Supplier instability, shifting trade policies, and rising costs have made real-time coordination between procurement and planning essential. Both are critical. Both should be working toward the same goal.
This means that it is paramount to thoroughly vet potential logistics partners to find one that’s best aligned with your needs and budget. A 3PL RFP (“request for proposal”) is an evaluation method and official documentation that companies use when searching for potential logistics partners for a specific project or service.
But when you overfit to one metric, all youve really done is box in your options. In industries like healthcare, where urgency and precision are non-negotiable, that's a major liability. This deep technical foundation enables him to bridge the gap between engineering innovation and real-world logistics challenges.
The real value lies in how businesses use artificial intelligence (AI) and that data to optimize operations, reduce costs, and stay competitive. With years of experience in supply chain logistics, Morse has seen warehouse operations shift from manual tracking to data-powered decision-making.
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