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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.
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than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems.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.
While prior riskmanagement disruptions occurred and quickly established a new normal, in the COVID-19 pandemic, the only normal is constant change. Next Steps: Start to model demand based on market data to align the organization on baseline demand. Resist the temptation to place deeper analytics on top of existing data models.
Reason #5 Not having a supply chain riskmanagement process. Reason #6 Not effectively managing inventory. Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Imagine that your child brings home their report card and it’s a mix of good and fair grades. Sound ridiculous?
Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities This supply chain article provides a comprehensive overview of the procurement department within an organization. Read In Detail About Procurement Department Here 2.
GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Key spend management suppliers include GEP, Coupa, and Jaggaer.
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. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.
Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.
Strong vendor relationships are critical for business success, especially when it comes to managing inventory and procurement. Vendor Relationship Management (VRM) helps businesses manage supplier interactions, track performance, and ensure smooth procurement processes.
One of my favorite supply chain leaders has a stack of Palantir reports in black binders on his desk. The Palantir approach is not a good fit for the supply chain management market. Kinaxis Purchase of Rubikloud. The purchase of Rubikloud by Kinaxis shows just how little the Kinaxis team knows about demand management.
The state of the logistics industry is evolving. Technology allows shippers to work smarter, faster and with fewer human resources, and new technologies, such as drones and augmented reality, are continuing the process, reports Victoria Kickham of Logistics Brief. GET YOUR FREE WHITE PAPER. DOWNLOAD WHITE PAPER.
Which supply chain metrics correlate to market capitalization by Morningstar sector? Amazon can now deliver almost every category of item to your home with no shipping cost for Amazon Prime customers. Performance-based logistics in aerospace and defense changed the A&D industry forever. Results of the Supply Chain Index.
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 riskmanagement, legal and value analysis.
According to a July 2014 supply chain research study from Accenture focused on Big Data and supply chain riskmanagement, most organizations have high hopes for using big data analytics in their supply chain but many have had challenges in deploying it. You can start small with a few trading partners and expand over time.
I use this example to illustrate the challenges (or, perhaps, the futility) of making supply chain and logisticspredictions. So, here is my invented future for 2015, starting with my most audacious prediction: Google will acquire a logistics service provider (3PL) and/or a logistics software vendor.
Risks in halal supply chains The halal integrity of a brand (and its products) is a function of its supply chain, where a breakage in halal integrity anywhere in a supply chain becomes a breakage of its halal integrity. This trend is also better known as the evolution of halal or when applied to an organisation: the corporate halal maturity.
In other news… Supply Chain RiskManagement Now a Priority for Most Businesses ( Accenture ). Several reports have been published in recent years underscoring the growing importance of supply chain riskmanagement. billion a day, disrupt 169,000 jobs, and cost the average household $170 in purchasing power.
Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance.
This notice of the Rodanthe house purchase by the National Park Service was listed in my news feed above an article that Elliott Management Partners announced a confirmed 13.8% On August 31, 2023, E2open reported fiscal second-quarter reporting. This buying spree followed a decade of seven software purchases.
Definition: Category management is a systematic way to organize and supervise groups of products or services within a company. Businesses often use it in retail and purchasing. In category management, you sort items with similar characteristics and treat each group as a separate unit.
Expand the “FLOW” program for logistics information sharing to forecast transportation flow. I believe that the ASCM definition is too reactive and rooted in the traditional, and outdated concepts on riskmanagement. I am currently doing research on inventory management. Today, this is not the case.
In this blog, we explore the different types of predictive AI models for supply chain riskmanagement. In our second AI blog of the series, Predictive AI vs. Generative Supply Chain AI , we looked at the difference between predictive AI and generative AI. How does Resilinc use regression models?
They integrate finance, HR, sales, and supply chain management into one complex platform. 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.
I have learned that supply chain systems are more complex than I originally thought, and that the relationships between supply chain metrics are nonlinear. They also enable the evaluation of networks for both sales and procurement relationships to optimize the flows upstream and downstream. I believe that it matters.
The chief procurement officer (CPO) is a senior executive responsible for developing and implementing their organization’s procurement policies, procedures, and strategies. Making sure these purchases are of high quality and compliant with relevant laws and regulations also falls under the CPO’s responsibilities.
How Intake and Orchestration AI Are Reshaping Procurement If youve been paying attention to technology developments in procurement, youve probably come across the term Intake & Orchestration. These could be service requests, inquiries, demand planning, or purchase needs. So, whats it all about? And why should you take note?
The potential supply chain impacts of this conflict dwarf any other supply chain news that might be reported. Interos, a company providing supply chain riskmanagement solutions, did an analysis of likely impacts on the global raw material and commodity supply chains. This week’s news will all center on this war.
In the world of supply chain and logistics, the built environment comes in many forms, from warehouses and logistics parks to the buildings associated with ports and terminals. Start looking into your built environment and try to understand the potential cyber risks posed by it.
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.
And most importantly, what augmented analytics can do for you. Read up on How Augmented Analytics Will Transform Your Organization: A Gartner Trend Insight Report. Analytics has been with us for some time – more than a couple of decades. And that, of course, includes procurement professionals.
Why Procurement Transformation Can Fail! The duties of procurementmanagers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurementmanagers are focusing on optimizing and automating processes.
If you were tasked with procuring the best supply chain IT system, what would you look for? Think of it managing things like purchase orders, invoices, and inventory records. Meanwhile, the strength of SCM is in providing visibility and managing real-time information flows on an end-to-end basis.
In this scenario, by adopting an adaptive supply chain, the retailer uses real-time data analytics to identify emerging trends and collaborate closely with suppliers to quickly adjust production and inventory levels to meet customer demand. This data-driven approach enables faster decision-making and better riskmanagement.
More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurementmanager?
Procurement operations are no exception. In fact, 43% of GPOs that took part in the 2023 Global Chief Procurement Officer Survey cited overall procurementrisk had increased significantly as compared to 20% in the 2021 study. Keep reading to learn: What is an online procurement system?
In this week’s news… XPO Logistics to Acquire New Breed Logistics. Dun & Bradstreet Launches Supplier RiskManager™ 2.0. Reports 2014 Second-quarter Results. XPO Logistics continues its roll-up strategy with its announced acquisition of New Breed Logistics this week for $615 million.
But before I bring out the lawn mower and tool box, here’s the supply chain and logistics news that caught my attention this week: Mondelez Says Cyberattack Cost it Business (WSJ – sub. AscendTMS Launches Commission System In Logistics TMS Software. As reported by the Wall Street Journal : Mondelez International Inc.’s
Menlo Worldwide Logistics and Temasek Polytechnic Establish Scholarship Programme, Announce 2013 Winners. Retailers and small and midsize businesses (SMBs) – the two market segments supply chain and logistics software vendors are hyper-focused on these days. ATA Releases Latest Freight Forecast, Projecting Strong Trucking Growth.
This one figure speaks volumes about how organizations worldwide want access to the best supply chain management tools to boost efficiency and value in their distribution and logistics network.
With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.
For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). As a B2B company, procurementmanagement is essential.
Recently, on the Auto Supply Chain Prophets podcast , my co-host Jan Griffiths, a prior VP of Supply Chain at a major Tier 1, and I reflected on these dynamics as we discussed the critical importance of developing a collaborative yet rigorous approach to supplier management and performance. Grammer uses QAD SRM to manage its supply base.
Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.”. One of the new tools available to decision makers is predictiveanalytics. Leveraging predictiveanalytics is as close as business leaders will come to having a crystal ball.
Moving on to this week’s supply chain and logistics news… Target Lowers Free Shipping Minimum to $25 for Online Orders. DHL launches next phase Resilience360 riskmanagement tool to help customers avoid global disasters. enVista Announces Record Revenue for 2014. ATA Truck Tonnage Index Jumped 1.2% in January.
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