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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. Leadership Perspective We’re not just changing a name.
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.
From balancing cost-efficiency with ethical sourcing to enhancing transparency and integrating corporate social responsibility (CSR), businesses face mounting pressure to align their operations with sustainability, technology, and energy practices. The energy sector provides a compelling example of CSR-driven compliance.
The logistics and supply chain industry is a critical component of global trade, responsible for moving goods and materials efficiently to meet consumer and business demands. Proactively adopting cleaner energy sources ensures alignment with these evolving regulations. Transparent goal-setting communicates commitment to stakeholders.
Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes
Hear from experts who have mastered the art of using data to not only meet customer expectations, but exceed them, creating loyal customers who keep coming back. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.
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. Leadership Perspective We’re not just changing a name.
The key to this lies with sourcing. Before diving further, let us define what sourcing is. Sourcing is the practice of finding and selecting suppliers for a range of services (e.g., Traditional sourcing practices tend to be highly manual and are fraught with latencies and inefficiencies. Digitalizing sourcing (i.e.,
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.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.
Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.
Source: mainebiz.biz In today’s rapidly evolving logistics and supply chain sector, warehouses are increasingly turning to innovative technologies to gain a competitive edge. Furthermore, solar energy is a clean and renewable source of power, which helps reduce greenhouse gas emissions and combat climate change.
One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.
SEFE will manage global ammonia sourcing and distribution through Germanys hydrogen core grid, while Hegh Evi will provide midstream infrastructure, including shipping and floating ammonia-to-hydrogen conversion. This approach helps companies meet regulatory requirements and address consumer demands for transparency.
SEFE will manage global ammonia sourcing and distribution through Germanys hydrogen core grid, while Hegh Evi will provide midstream infrastructure, including shipping and floating ammonia-to-hydrogen conversion. This approach helps companies meet regulatory requirements and address consumer demands for transparency.
Why do some embedded analytics projects succeed while others fail? We surveyed 500+ application teams embedding analytics to find out which analytics features actually move the needle. Read the 6th annual State of Embedded Analytics Report to discover new best practices. Brought to you by Logi Analytics.
To mitigate risks, many companies are incorporating alternate parts into their sourcing strategy. Here, we highlight some of the obstacles with alternate parts sourcing and discuss key considerations to help streamline the process. 5 ESSENTIALS FOR SOURCING ALTERNATE COMPONENTS 1. Ensure parts originate from a trusted source.
The shortage has not impacted Charlottesville’s other major healthcare provider, Sentara Health as this organization sources its IV solutions from a different manufacturer. UVa Health said it is working on reducing any unnecessary waste of IV products, including IV fluids, dialysis fluids, parenteral nutrition, and irrigation fluids.
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. Smart Import is also being leveraged to accelerate data integration from various sources. Infor calls this the Value Void.
Facilities sourcing and construction contracting were centralized in the procurement department. At a quarterly meeting of the Institute of Supply Management, Kevin Frechette, the founder and CEO of Fair Market, gave a presentation on tail spend management. There was also a realignment. Moore’s goals was to drive innovation.
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.
data extractors, search APIs) to perform tasks, enabling them to dynamically adjust to new information and real-time knowledge sources. Multi-agent systems can dynamically adjust production and distribution plans to meet customer needs while minimizing waste and improving efficiency.
Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?
Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy. Automation can also play a role here.
Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. In response, many organizations have shifted toward decentralized and regionalized supply chain models, distributing production and sourcing across multiple regions.
However, one-third of SCP leaders cite “the lack of effective decision making in the S&OP meeting process as the most critical problem to solve for their function’s overall performance” (source: Gartner, Improve S&OP Decision Making Through Scenario Planning , Supply Chain Research Team, 4 May 2020). – Tweet this.
In this article, we delve deeper into the Exiger capabilities and solutions that can meet DORA requirements. How to Meet Them with Exiger: Exigers capabilities focus on comprehensively detecting vulnerabilities and risks within software supply chains. malware, grenade-ware) before vulnerabilities become known.
The following Supply Chain Matters multi-part guest commentary is authored by Michael Lamoureux who provides over 18 years of experience and observations and experience in procurement sourcing technology applications. Michael is the Editor-in-Chief of the Sourcing Innovation blog. We’ll explore each of these. Why is this?
However, exports are now subject to quotas and must meet origin requirements, including “melted and poured” conditions. Companies should incorporate these provisions into their sourcing, pricing, and compliance strategies. Further details on derivative product eligibility and quota volumes have not been published.
As Tim Payne, Research Director at Gartner, emphasizes: Responding to the customer can be achieved with cost overruns, excessive inventory and firefighting, but to respond profitably means understanding the sources of volatility and planning for them appropriately.
Meet with the Leader in Procurement Risk AI As geopolitical risk, regulatory change, and ESG expectations accelerate, Exiger helps CPOs tackle the growing list of procurement challenges. Exiger is a Leader in the Gartner Magic Quadrant for Supplier Risk Management Solutions.
Optimize Inventory and Pricing Use AI-driven insights for stock mix optimization and dynamic pricing, reducing excess stock while meeting service level goals. Strengthen Supplier Relationships Build diversified and collaborative networks to enhance visibility and reliability.
Image source: Cape Analytics. Image Source: Nola. Image Source: USA Today. Image source: CNBC. The new plant will produce 30% more once it’s up and running, which should meet some of the increased demand. Image source: Meme Generator. It’s projected to register a compound annual growth rate (CAGR) of over 3.5%
John is CEO of FreightPath, an innovative talent firm that offers both a comprehensive learning management system and a direct candidate sourcing solution. FreightPath addresses multiple industry challenges by offering both a comprehensive learning management system and a direct candidate sourcing solution.
These passports document all aspects of the life cycle – from the sourcing of raw materials to final disposal or recycling. As a result, DPPs are emerging as a straightforward, common sense solution for meeting these needs efficiently. What Components Comprise a Digital Product Passport?
Edge Hardware: The battle for edge hardware also intensified in 2024, as companies sought to deploy AI capabilities closer to the source of data. ChatGPT Search : This feature gives users a way to get answers from relevant web sources.
Exiger Launches Advisory Council of Industry, Academic and Government Leaders Meet Exiger at Gartner Supply Chain Symposium/Xpo 19 - 21 May 2025 International Barcelona Convention Centre, Barcelona, Spain Days Hours Minutes Seconds BOOK A MEETING Increasing geopolitical risk and disruption require the leading AI solution.
Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. Capacity Planning: By understanding demand patterns, procurement can work with suppliers to ensure they can meet future needs.
There is a need to actively make trade-offs across source, make, and deliver while aligning to a balanced scorecard. If you are a supply chain planning operational leader recognize that there is no ONE solution to meet your needs. Think about how multiple solutions could work together to meet your needs. What do you think?
Collaborative discussions can help identify relevant data sources and metrics that capture the end-to-end supply chain process and align with overall business goals. Data inventory and assessment: Conduct a comprehensive inventory of available data sources within the organization, including internal systems (e.g., sensors, RFID tags).
One of the most powerful tools in modern supply chain management is the Control Tower, which offers a comprehensive, real-time view of the entire supply chain and is the single source of truth for the latest developments on the demand and supply side. What is a Control Tower? Another vital feature is the management of alerts and exceptions.
China's Production of Impacted Minerals Source: Bloomberg In recent years, China restricted the exports of several other critical minerals. Material shortages : Given China’s substantial share in the production of these metals, global shortages are possible until alternative sources are identified. It is not clear whether U.S.
As businesses face tighter regulations on product safety, sustainability, and ethical sourcing, Digital Product Passports (DPPs) are becoming crucial for navigating these challenges. DPPs allow companies to centralize compliance data, ensuring that it meets requirements across regions.
Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products. If nothing else, the last few years highlighted the importance of sourcing strategically. Upcoming Recession? Price Volatility.
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