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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. Building supplier capabilities while maintaining sourcing flexibility requires additional investment.
” In this type of presentation, I struggle to sit in my chair. I prefer a grounded, data-driven presentation focused on improving value. 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.
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
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.
Each presentation was exceptional, and the event viewed ESG from a holistic but pragmatic perspective. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.
The company, heavily invested in Canadian manufacturing, faced a crisis because its raw materials were sourced from outside North America, disqualifying it from USMCA tariff exemptions. Design product flexibility to include materials sourced for US and non-US markets or quickly adapt to different sources of materials.
Together, they presented the vision for the future and innovation priorities. Industry-specific content is available for processes like Source to Settle, Procure to Pay, Order to Cash, and more. Concepts like GenAI Assistants and Agents were presented, offering conversational interfaces and on-demand analysis.
Companies find it difficult to fully trust the data from suppliers, complicating efforts to ensure product authenticity, safety, and ethical sourcing. 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.
What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. It is called strategic because it replaces traditional ad hoc approaches to sourcing, which were almost entirely focused on cost savings, item by item.
Now more than ever, organizations must prepare their supply chain for the present and the unknown challenges and opportunities in the future. Doing so helps organizations detect market shifts and makes supply chain decisions more forward-looking than an analysis of the past, present, and at best, a tactical view of the future.
In 2017, a strategy consultant was hired to do a top-to-bottom assessment of the Boston University procurement program. Randall Moore was hired as the new chief procurement officer in May. Facilities sourcing and construction contracting were centralized in the procurement department. There was also a realignment.
It’s human nature to want to start a new year with new goals—the ever-present new year’s resolutions. Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Logistics and inventory management rounds out the top four focus areas at 82 percent.
in turn, is a boutique procurement consultancy. The main take aways from the presentation earlier this year were the following: The auto industry has made supply chain risk management a priority since the Fukushima nuclear disaster in 2011. The implementation was not trivial. Autoliv’s Ongoing Journey in Supply Chain Risk Management.
And now on to this week’s logistics news. The company has faced sourcing constraints as a result of the war in Ukraine, causing the company to rely on second sourcing capabilities for its mustard procurement. The post This Week in Logistics News (April 30 – May 6) appeared first on Logistics Viewpoints.
Koganti urged the procurement audience to look for whats referred to as “foresight function” in planning tools, which is capable of enhancing data analysis, scenario generation and trend identification , allowing for more informed and proactive decision-making, albeit with human oversight.
Too few companies have a holistic approach to embrace the plan, make, source, and deliver together. The problem with supplier visibility is bookended into procurement processes that have gone back, not forward over the last decade. Survey existing suppliers, third-party logistics providers and customers.
Brad serves as the Senior Director of Customer Strategy at Emerge , the leading freight procurement platform. Brad brings it all to the table from characterizing Emerge’s brand and culture, presenting Emerge’s value proposition to the industry, and determining pivotal insights to enhance customer experience. About Emerge.
This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. A solution needs to be trained on the right data, on data that has been ethically sourced.” The idea of community was there from the beginning.”
DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility. This segment is in the growth stage of its evolution, serving large enterprise brands and their Logistics, Procurement and Supply Chain teams. Samuel has his B.A.
As a result, organisations have had to rely on a larger number of suppliers and third-party logistics to meet this demand. Procurement, activities such as strategic sourcing, are one of the main processes in the supply chains that can generate a positive impact on companies by giving them a competitive advantage in the market.
Expertise in operations, LTL pricing and procurement, flatbed operations, dry van, tracking and tracing, reality tv shows and how to turn a stranger into your new best friend. FreightWaves.com, the company’s news site, is the leading provider of news and commentary for the transportation and logistics space. Mary on LinkedIn.
Brent crude oil prices Dec 2009 – Dec 2014 (Source MoneyAM.com). I use this example to illustrate the challenges (or, perhaps, the futility) of making supply chain and logistics predictions. For related commentary, see: In Logistics, Somebody Has to Own the Assets. Do Facebook and Twitter Need a Logistics Strategy?
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.
Third-party logistics providers are expected to face heightened cybersecurity threats.” They explain, “Rising tariffs, export restrictions and a lack of supplier diversity are making rare metals more expensive and difficult to procure. 4] Inside Logistics, op. 4] Inside Logistics, op. ” Value at Risk.
What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. And if your organization is big enough to need a Chief Procurement Officer , that person is directly or indirectly responsible for every stage of that journey. Yet there are good reasons to do so.
Competitors or new market entrants can use it to attack you these days – you don’t need a chain of retail shops on the high street, just a good idea, a great website and an outsourced logistics operation. What does this mean for procurement and supplier management?
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.
Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? 5 Procurement Increasing Its Focus on and Use of Data.
Reduced margins, unnecessary costs, frustrated suppliers and customers, delayed deliveries, and unclear processes are just some of the potential consequences when procurement, finance, and supply chain organizations lack cohesive, collaborative teams, consistent processes, and effective technology. To read the full article, click here.
Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.
Last week at the Ariba LIVE 2013 conference, I led a discussion session titled “At the Intersection of Social and Business Networks” with about fifty senior executives in supply chain and procurement. Ariba plans to expand into supply chain, logistics, and inventory management processes, with the first solutions coming out in 2014.
Category management isn’t just another procurement trend. What procurement teams need is a clear view of their spend, tighter control, and a strategy that delivers lasting value—exactly what category management provides. The goal is to get the best results from every category. It’s tactical and short-term.
Procurement managers are now asked to address ESG issues in their sourcing and foreign manufacturing operations. Meanwhile, trade compliance managers are tasked with ensuring that the procurement department is following the rules. This article will focus on European Union trade regulations because the EU leads in this area.
At the conference, I was fortunate to see a presentation from Brent Wilson, Senior Vice President of Global Supply Chain at Qualcomm. Brent pointed out that Covid created small interruptions for many companies in terms of sourcing semiconductor chip materials. In May, I attended the Kinaxis Kinexions event in San Diego, CA.
I’ve said it before (right here in Logistics Viewpoints), but it’s worth repeating: the digital transformation of our complex global supply chains is an ongoing journey. Some examples: Procurement and Co-manufacturing : What is the impact of inbound transportation issues on materials? Why is this shift such a big deal? Lesson learned.
The Supply Chain Matters blog provides observations and additional information perspectives related to the 2025 State of Logistics report. Background and Summary Earlier this month, the Council of Supply Chain Management Professionals (CSMP) released findings from its annual State of Logistics research report. percent of national GDP.
Challenges in Using Blockchain in E-Commerce The difficulties of blockchain depend on the source questioned. In other words, the technology will continue to present challenges until its use becomes a standard in global and domestic trade. How Surface Mode Shippers Can Compete in E-Commerce Logistics. Download Here.
The company is present in 38 nations and has more than 40,000 employees. Mr. Eberle is the vice president of logistics and distribution operations at Molex. Mr. van den Eijnden is the director of global logistics operations planning and systems at Molex. Because of capacity issues, Molex is working with more logistics partners.
Five Forces Reshaping Logistics as We Know it. Because warehousing and transportation represent significant cost centers, intelligent logistics decisions are critical. Forget what you knew about logistics. Supply chain technology investments were once delegated to a specific function such as procurement or logistics.
Source: IDC FutureScape: Worldwide Supply Chain 2022 Predictions — APEJ Implications. Tender documents and responsible source guidance are requiring suppliers to show evidence of their actions to support ESG initiatives, as well as the actions of their suppliers. Companies, both large and small, are changing. MORE FROM THIS EDITION.
At the Gartner Supply Chain Symposium/Xpo 2025 , one thing was clear: AI is no longer a future visionits a present-day game changer. From AI-powered logistics and demand forecasting to generative AI in autonomous sourcing, the discussions emphasized practical implementation and measurable outcomes.
What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis.
But what if I told you that establishing supply chain planning and procurement processes also helps your company's culture, would you believe me? This past March, Tim Carroll, Product Availability Team Captain at AutomationDirect, was presented the 2020 World-Class Culture Award at the Atlanta Supply Chain Awards (ASCA).
The usual themes were still very present as solution providers and retailers alike were more than happy to talk about omni-channel, mobility, robotics, and machine learning, to name a few. The most interesting thing that Blue Yonder is doing from an OMS standpoint is driving promising and pre-sourcing to retailers.
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