article thumbnail

How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” But cost reduction is no longer sufficient.

article thumbnail

This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

export regulations led to supply chain disruptions. technology from helping China’s military. technology from helping China’s military. In some cases, shoppers can send back different items than the ones they bought, return stolen items or claim a purchase never got delivered when it really did.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Integrated Supply in 2024: Three Trends Reshaping the Industry

Synovos

“AI advancements in the areas of machine learning and large language models are important developments for integrated supply,” observes Robert Kline, Chief Technology Officer for the global technology team at RS Integrated Supply, a Maintenance, Repair and Operations (MRO) supply chain services company.

Trends 52
article thumbnail

The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. Here are ten things to keep in mind in terms of the role that forecasting can have on supply chains: While not a cure all, forecasting does matter.

article thumbnail

This Week in Logistics News (May 27 – June 2)

Logistics Viewpoints

Executives are plotting alternate supply chains or devising products that can be made elsewhere should China’s hundreds of thousands of factories become inaccessible. semiconductor company Micron Technology, citing national-security risks. manufacturers re-evaluating their reliance on China.

article thumbnail

Shipping Containers and Supply Chain Snarls: Is There a Way Out?

Enterra Insights

A recent episode of CBS’s “60 Minutes” ran a segment on some of the issues involved in the current global supply chain crisis — focusing primarily on U.S. For the supply chain to work smoothly, a complex and highly choreographed dance, involving both full and empty shipping containers, must be performed.

article thumbnail

Companies Using ERP: Case Studies

QAD

ERP software has the ability to connect and transform every aspect of an enterprise. Today’s Software-as-a-Service model provides businesses with a level of efficiency that helps them work smarter, faster, and more cost-effectively. What is ERP Software? ERP stands for “Enterprise Resource Planning”.