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However, as carbon taxes and emissions reporting requirements continue increasing, supply chain professionals face mounting pressures from inside and outside their organizations to measure and improve performance against new, nebulous sustainability metrics. Sustainability is high on the list of favorite corporate buzzwords.
While SAP has had procurementanalytics 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. This solution provides insights in a much easier way to digest.
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.
Three months into 2025, we have seen a barrage of on-again, off-again tariffs that have supply chain and logistics teams reeling, as they must rethink everything from next weeks shipping route to their foundational network models. With the global e-commerce market predicted to reach $8.1
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than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems.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.
An organization with tens of thousands of different products may have to move them across many modes of transportation, IT systems, and third-party logistics partners, all adding to complexity, as well as loss of visibility and control. Timely information is critical, as data older than a few days can lead to costly supply chain disruptions.
Shippers face many challenges in successfully delivering products to end-users, and last mile logistics will be a core focus of change in the coming months. By 2018 alone, same-day delivery and last mile logistics will be valued at more than $1.35 Last Mile Logistics Gets Faster Fulfillment. trillion by 2018 as well.
The election is over, but the race is just starting for logistics providers. From Amazon to hyper-local retailers, 2017 will be a year of intense scrutiny and pressure on logistics providers. Fortunately, your organization can get ahead of the learning curve by knowing what trends in logistics to watch for this year.
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.
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.
It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. From natural disasters to geopolitical tensions and the ongoing COVID-19 pandemic, supply chains have been significantly impacted.
That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supply chain planning.
on logistics rose in both absolute dollar terms and as a percentage of GDP, and it isn’t likely to go down anytime soon. That was one of the primary conclusions of the annual logisticsreport released last week by the Council of Supply Chain Management Professionals (CSCMP) at a media briefing in New York. Not much has changed.”
These clothing companies have revolutionized how consumers purchase, wear, and dispose of their clothing. First, in the early 2000s, advancements in data analytics, RFID, and localized supply chains fueled the rise of “fast fashion.” Now Let’s Get to The Supply Chain & Logistics News for the Week! lithium refineries.
E-commerce is growing at a phenomenal rate and, powered by the top trends in e-commerce logistics, shippers have an amazing opportunity to increase profitability and reduce freight spend simultaneously. In addition, retailers around the globe struggle to stay competitive with the e-commerce behemoth, Amazon, reports Huemor.
Supply chain and logistics functions have been one of the most volatile in the global economy of the last four years. The third trend is that global trade growth appears to be gradually slowing. The report for August (released in late September) shows negligible changes in the aggregate. I see that as a positive.
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.
What is reverse Logistics? Before we dive in the nuances of reverse logistics, otherwise known as return logistics, integration, let's briefly recap what reverse logistics is. Reverse logistics refers to all operations related to the reuse of products and materials. Managing return logistic can be challenging.
The concept of automating processes and activities is a major sticking point for supply chain and logistics. Supply chain and logistics automation allow companies to refocus their efforts on tasks requiring human hands, and redundant tasks can be automated through robotics , as well as technologies designed to assist human workers.
Logistics consolidation will have a resounding effect on the industry in 2019. Logistics consolidation is a fancy way of describing the transition of shipping modes to accommodate available capacity. Also, the logistics industry will see more high-priority shipments as consolidation continues. The Move to LTL Digital Shipping.
Similar to the supply chain maturity curve of technologies, as explained by Steve Banker of Forbes , supply chain managers should consider how top supply chain trends will influence operations in the coming year. Learn the Landscape, trends, types, & applications. What Top Supply Chain Trends Can We Look Forward to in 2018.
Challenges drive dramatic shifts in supply chain and logistics. Across many of our industries, conventional wisdom about best practices for supply chain operations and logistical networks is being challenged. Hallmarks of successful logistics transformation. Automate, automate, automate – This is not a new idea or trend.
Last mile logistics is among the most misunderstood parts of transportation networks. On the surface, last mile may not seem very important, but it can make up 28 percent of a shipments total cost. In addition, growth in e-commerce is radicalizing how shippers view last mile logistics. What Is Last Mile Logistics? .
Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supply chains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority.
It is our mission to provide education around transportation management, trends in transportation, pertinent regulation changes and impacts on transportation, and anything related to trucking and carriers. Let’s take a look at these trucking industry trends and what kind of facts they provide. Read the Full Blog Post.
As physical stores opened, shut down and re-opened again, consumers became more flexible in the way they shop for, and purchase, just about every product. Navigating an Increasingly Challenging Logistics Landscape. It’s challenging for logistics providers to keep up, even in perfect supply chain conditions. The next step?
And now on to this week’s logistics news. Costco has reintroduced purchase limits. Amazon has been pushing its way into the full-service logistics space for a number of years, bolstering its efforts with last mile delivery vans, ocean vessels, and a fleet of jets known as Prime Air.
There is so much data, and to make use of it, we need to use data mining and analytics to drive meaningful insights that can be put to some good use. ABC analysis creates product segments by grouping products with similar sales volume or purchase frequency to enable category managers to focus on what matters most.
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.
And now on to this week’s logistics news. In many of these incidents, homeowners were reported to have mistaken delivery drivers for intruders due to their cars being unmarked. The industry added jobs at a time when logistics companies have been coping with a faltering freight market for the past 20 months.
Understanding how your Procurement and Supply Chain KPIs are performing isn’t just a nice-to-have; it’s essential for survival and growth. Is inventory bloating your costs? Why You Need Visibility of Supply Chain and Procurement KPIs? Running procurement and supply chain without metrics is like driving blindfolded.
It is that time of year again when we at Cerasis take a global view of what trends to expect in supply chain management throughout the remainder of the year. We will delve into what will set third-party logistics providers apart in the coming year, and what to expect as e-commerce continues to merge with brick-and-mortar retail.
Businesses often use it in retail and purchasing. Category management isn’t just another procurementtrend. It’s a way for companies to group similar goods or services (like IT infrastructure, facilities, or raw materials) and manage them holistically instead of handling every purchase in isolation.
Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurementlogistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of ProcurementLogistics.
This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. This solution provides for purchase order collaboration. But it took several months for Turner to realize just how much foresight the company had shown.
Shoppers coping with inflation have shifted buying habits , purchasing fewer goods and cutting back on big name brands in favor of cheaper alternatives. Behind the scenes, CPG brands are strategically balancing cost cutting measures with supply chain investments to ensure preparedness for continuing market shifts.
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.
The Supply Chain Matters blog provides observations and additional information perspectives related to the 2025 State of Logisticsreport. The report points to an upcoming period of high uncertainties along with the need to fundamentally rethink supply chain resilience as a strategic imperative. percent in other costs.
Near the end of 2021, I had the chance to make the early call on Logistics Viewpoints on what 2022 would look like across five major logistics themes. 2023 call: Consumers will focus on home delivery performance and retailers will focus on home delivery cost reduction or recovery. appeared first on Logistics Viewpoints.
The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.
Key components of mobile inventory management include: Smartphone app: Allows field agents to log information, analyze metrics, and manage tasks even in remote areas with limited connectivity. Cloud software: Stores and distributes real-time data, producing reports accessible to all team members.
I always find the news round-up exciting to write, as I end up reading more about supply chain and logistics than I would have thought possible. All of us at Logistics Viewpoints would like to thank our readers for continuing to tune in every week. Without our readers and sponsors, Logistics Viewpoints would not be possible.
This is a challenging and uncertain economic and trade environment for shippers, carriers and logistics services providers. We remain committed to growing our business with prudent investments and cost discipline to build the premier network and technology for logistics-intensive businesses." Ryan, Descartes' CEO.
Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. It includes all of its elements: customers, sales channels, products, warehouses, logistics network, and the interactions between them. Accurate and timely reconciliation of purchase orders with receipts.
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