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For example, if I improve the cost structure in transportation, procurement, manufacturing and sales independently, what decision support framework decides the right trade-offs? In today’s architectures and functional metrics, value optimization does not exist. Align functional metrics to reliability to deliver value.
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?
Procurement People should learn the Sales & Operations Planning (S&OP) Process. 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.
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. Click here!
And cross-functional teams — from procurement and sales to finance and customer service — are left scrambling to react. Last Mile Delivery Logistics LTL/Truckload Services Ocean Transportation Rail & Intermodal Supply Chain Security & Risk Mgmt RELATED CONTENT RELATED VIDEOS Subscribe to our Daily Newsletter!
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.
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.
Tesco and Walmart have announced procurement policies aimed at reducing carbon emissions and promoting sustainability throughout their extended supply chains. AI can integrate with procurement platforms, utility meters, logistics trackers and internet of things sensors to gather real-time data. Retailers are following suit.
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Which Metrics Matter? Still, a few metrics consistently rose to the top of the conversation, signals that seem to cut across company size, geography, and service model. Still, a few metrics consistently rose to the top of the conversation, signals that seem to cut across company size, geography, and service model.
Advertise Contact Us Supplier Directory SCB YouTube About Us Login Subscribe Logout My Profile LOGISTICS Air Cargo All Logistics Facility Location Planning Freight Forwarding/Customs Brokerage Global Gateways Global Logistics Last Mile Delivery Logistics Outsourcing LTL/Truckload Services Ocean Transportation Parcel & Express Rail & Intermodal (..)
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If a major customer leaves, an AS/RS investment could become a stranded asset that sits on the balance sheet and drags down financial metrics such as return on asset (RoA) or other profitability measures. RELATED CONTENT RELATED VIDEOS Robotics Warehouse Automation Related Articles Watch: P2G or G2P Robotics?
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This means tracking key metrics like inventory levels, shipment status, and supplier performance. This team typically includes representatives from operations, procurement, logistics, and finance. Key components include: Risk Assessment and Monitoring You need real-time visibility into your entire supply chain.
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SPECIAL REPORT AI: Real or Hype? Image: iStock/koto_feja July 9, 2025 Sponsored by DELMIA No other technology in recent history has received as much attention as artificial intelligence.
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Together, we’re opening doors and inspiring the next generation of female c-suite change-makers,” said Jim Monkmeyer, president of transportation for DHL Supply Chain North America and First Vice Chair of Girl Scouts of Ohio’s Heartland.
These technologies work together to deliver a unified, digital-first approach to managing medication flow — from procurement to administration. Smart cabinets, pharmacy automation stations and medication workstations integrated with RFID data further enhance safety, speed and auditability. Tim Tinnel is EVP & COO at Intelliguard.
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The real hard stuff comes with what we’re doing, which is modeling the expected response of people to what you do. Governments have been doing that for years, but retailers are slow to pick up on this.”
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Because companies often fail to let go of old habits and siloed metrics, and they fail to align decisions across functions. A great example comes from a CPG company that restructured its raw material planning by grouping SKUs and locations then aligning these classifications to hit procurement minimums. Shared metrics are critical.
Sweating your assets is no longer about overworking your people or overburdening your systems — it’s about using technology to make the most of what you already have.
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Global Supply Chain Management Supply Chain Security & Risk Mgmt RELATED CONTENT RELATED VIDEOS Subscribe to our Daily Newsletter! This war is already underway, and if we fail to act, we’ll lose without even realizing we were under attack. Dennis Groseclose is chief executive officer of TransVoyant.
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