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I laugh when business leaders tell me that they are going to replace their current supply chain planning technologies with “AI.” Each supply chain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions. You are right.
Sales & Operations Planning (S&OP) is an established industry process that aims at finding a balance between demand and supply and streamlining cross-functional collaboration. Procurement People should learn the Sales & Operations Planning (S&OP) Process.
Supply chain sustainability is increasingly important for companies facing expectations from investors, regulators, customers, and employees. Integrating ESG across supply chains presents clear operational and strategic challenges that require focused attention. Visibility typically decreases beyond immediate (Tier 1) suppliers.
Over the past five years, supply chains have faced unprecedented challenges. E-commerce demands, trade pressures, and increasingly complex supplier networks have necessitated executives to raise concerns about their supply chain operations. Who is responsible for Supply Chain Planning?
The new year has arrived and so has the new wave of noteworthy news coming out of the supply chain space. The DOE is still issuing large federal loans to startup companies, Novonix a synthetic graphite startup just received a $755 million loan to support its mission and reach its goal of producing 31,500 metric tonnes of synthetic graphite.
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.
For over a decade, since founding Supply Chain Insights in 2012, I have pounded the keyboard, asking business leaders to think more holistically about the impact of supply chain decisions on the firm’s value, the improvement of a value chain, and the impact on the environment. Thirteen years. Where does time go?
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.
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.
Historically, supply chain leaders managed supply chains in a world of abundance. There are many factors: war, supply shortages, climate change, labor (knowledge and availability), and shifts in governmental regulation. The waste included: Negative Forecast Value Added (FVA) in demandplanning. What does this mean?
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
For years, supply chains were engineered to be lean. Recent years have brought a series of disruptions that exposed vulnerabilities in how supply chains are designed. Recent years have brought a series of disruptions that exposed vulnerabilities in how supply chains are designed. Lean models alone are no longer sufficient.
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.
As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. What’s the technology behind autonomous procurement agents?
As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. What’s the technology behind autonomous procurement agents?
The Connected Supply Chain. Drip Digital Supply Chain. Autonomous Supply Chain Planning. Self-Healing Supply Chains. Touchless Supply Chains. Small companies outperform large companies, and the marquee customers of major supply chain planning technology providers underperform. Industry 4.0.
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.
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. Healthcare providers are leveraging efficient supply chains to ensure critical supplies reach patients when needed most.
Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. This blog explores the most common challenges in digital procurement and the capabilities that matter most.
Disruptions aren’t the exception anymore, they’re part of how supply chains run. In this environment, crisis response and business continuity planning can’t be treated as check-the-box activities. What Disrupts Supply Chains Today? It should be woven into how the supply chain is run. Both are essential.
Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.
In this type of environment, traditional procurement software and manual processes are insufficient – and many procurement teams are looking to artificial intelligence (AI) for answers. Key Takeaways Understand the potential impact of AI – including Generative AI & AI Agents – in procurement.
The Logistics Data Challenge The logistics sector is awash with data, from shipment volumes and freight rates to sustainability metrics and supplier performance. “You really need to make [data] actionable… use it to manage your suppliers, to drive supply chain improvements. Esch cited a study by a U.S.
Subscribe Strategic Supplier Relationship Management – Do’s and Don’ts At any given time, working with the resources of any business depends on procuring the right materials at the right time and at the right cost. Sourcing and procurement take on a meaning that transcends the mere buying of materials or services.
Bowman, SupplyChainBrain Supply chains consist of imperfect humans struggling to make perfect decisions. Bowman, SupplyChainBrain Supply chains consist of imperfect humans struggling to make perfect decisions. In the end, though, it all comes down to a game of numbers. By itself, the word “optimize” doesn’t mean anything specific. “A
Do Set Clear KPIs and Governance Structures : Establish transparent metrics for sales, coverage, and service levels. Regular reviews and joint business planning foster accountability and trust. Do Embrace Technology and Data : Use real-time data for demand forecasting, inventory management, and route optimization.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.
The global supply chain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects.
And cross-functional teams — from procurement and sales to finance and customer service — are left scrambling to react. To keep operations and supply chains stable amid the volatility of today’s global trade dynamics, companies need a freight strategy that can flex under pressure. Assembly lines pause. Inventory buffers shrink.
Ever feel like your supply chain is a tangled mess of spreadsheets, frantic phone calls, and last-minute scrambles? That’s where data analytics comes in. It’s the key to transforming your supply chain from a source of frustration into a well-oiled, profit-generating machine. Let’s dive in.
SCB Feature Report From DPW: What’s Next for AI in Supply Chain? That’s because the promise of artificial intelligence for supply chain operations is huge. It could do more to accelerate the journey of supply chain operations from the backroom to the boardroom than any other change. trillion to U.S.
Subscribe Digital Procurement Improves Supply Chain! And so are your procurement responsibilities. Sometimes, unforeseen disruptions, whether a natural disaster or an internal planning issue, can throw your procurement process off course. Focus on proactive planning and forecasting. You’re not alone.
I recently hosted a webinar in which our star speaker was Lora Cecere, Founder at Supply Chain Insight. Supply chain management typically does not fit very well with procurement, which is a challenge at the best of times, and can be a disaster in difficult times. As late as the 1990s, supply chains were very local.
Breaking Down Business Silos Supply chains don’t exist in isolation. To truly build resilience across the entire organization — including supply chain and logistics — businesses need to remove the internal silos that can lead to restricted data flow and collaboration. It all starts with adaptability.
Many of the world’s largest companies have committed to reaching net zero by 2050, triggering a ripple effect throughout global supply chains. For most CPG brands, indirect emissions — those that occur across the supply chain — represent the majority of their carbon footprint. Retailers are following suit.
Understanding how your Procurement and Supply Chain KPIs are performing isn’t just a nice-to-have; it’s essential for survival and growth. Why You Need Visibility of Supply Chain and Procurement KPIs? Running procurement and supply chain without metrics is like driving blindfolded.
Strong supply chain capabilities drive efficiency and develop competitiveness in an oversaturated market. Global disruptions such as COVID-19 have unearthed a wide range of vulnerabilities within international supply chains. All of this leads to more effective demandplanning which will ultimately benefit the business.
In an age where supply chains stretch across continents and rely on increasingly complex data streams, the ability to present data clearly and effectively is no longer a luxury—it’s a strategic necessity. Here’s how better presentation of supply chain data can directly impact decision-making: 1.
By harnessing the growing power of AI to not only sensedemand at a very fine-grain, real-time level, but also to govern decisions about pricing and inventory. Demandsensing has nothing to do with supply; it’s just about where and when, not whether, it will sell.
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.
Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. The right procurement strategy ensures that organizations: Mitigate risks before they escalate. Want to future-proof your procurement function?
There’s a growing sense that we may see a loosening of the regulatory environment — similar to the 2016-2020 period — which could offer carriers and logistics providers the chance to shift focus from compliance-heavy operations to strategic growth and efficiency. Which Metrics Matter?
Every Procurement organization is faced with the need to deliver cost savings. But virtually every Procurement organization ignores or gives lip service to an area that promises substantial savings opportunity: Tail spend. Tail spend is generally ignored in Procurement organizations and the level of attention it gets varies.
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