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AI in supply chain automation is gradually reshaping how core functions operate, particularly in procurement, warehousing, and logistics. Key Insight: The use of AI in supply chain automation is producing tangible benefits across procurement, warehousing, and logistics.
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.
For most CPOs and CFOs, deciding on the right purchasing setup — centralized or decentralized — is no small task. Each model has its perks, and choosing the best fit can feel like walking a tightrope. Keep reading to learn: What is centralized purchasing? What is centralized purchasing?
A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting.
As a result, the degree plays a growing role in boosting cost efficiency and visibility across supply chains. Procurement teams may use one platform, while logistics depends on another, and finance runs an entirely separate system. That works to a point, but without layered analytics, the models lack precision.
Rising costs, supply chain chaos, and economic swings put businesses under enormous pressure to protect their margins. According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurementcost reduction.
Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. Numbers speak louder: According to Procurement Tactics’ top procurement trends in 2025 , 83% of CPOs prioritize digitization. Keep reading to learn: What Is ERP in Procurement?
Depending on the nature of your business, your trading partners or your location, this could include procurement strategies, demand planning, logistics, and global trade management among others. Mastering Direct Spend Management Procurement teams generally do not report to the chief supply chain officer.
What Contractors Need to Streamline Procurement in 2025 By Ian Summers (pictured) Content Writer 111 Views You’re on-site before dawn, the framing crew’s ready, but the steel shipment’s stuck in limbo, the invoice isn’t approved, and your project management app just pinged you for the fourth time.
The procure to pay focus may continue, but other types of COE activities are layered on top, building on progressively more sophisticated activities such as KPI development, category intelligence support, risk management, contract management, and predictiveanalytics.
Product sourcing is the process of finding the products you want to sell in your store, buying them from a supplier, and then reselling them. Too often, brands find a supplier but end up experiencing performance issues further down the line, leading to delays, shortages, and quality issues. What is product sourcing?
Jonathan Starks , CEO of FTR Transportation Intelligence, observes, “A trade war would be bad for growth, bad for supply chains, [and] bad for consumers.[2] A related strategy to supply chain diversification is relocating manufacturing facilities to reduce transportationcosts and shorten supply lines.
Identify new technologies for supply chain logistics management operating models In the next couple of years, many organizations will undergo transformations that will affect the way they engage with, and draw value from, technology, Gartner says. link] Robert Transportation Manager, N/A Posted on: Aug, 30 2016 Good article!
One measure of the health of the US manufacturing sector is the US Purchasing Managers Index from the Institute of Supply Management. It was a slight down six months for oil prices in the first half of the year. It was mostly down from there until the end of May, when the price surged to about $75.0, growth for all 2025, 2.8%
Gartner says, adding that “They are approaching the current environment from a data-driven analytical method that wasn’t nearly as prominent five years ago.” or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring. link] Robert Transportation Manager, N/A Posted on: Aug, 30 2016 Good article! I am sending this to my colleagues who work with me.
or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring. link] Robert Transportation Manager, N/A Posted on: Aug, 30 2016 Good article! What do you say? I am sending this to my colleagues who work with me.
or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring. link] Robert Transportation Manager, N/A Posted on: Aug, 30 2016 Good article! I am sending this to my colleagues who work with me.
Each of these policy shifts carries substantial implications for automakers, suppliers, and investors, reshaping competitive dynamics, cost structures, and long-term strategic planning. are assembled in Mexico or Canada, meaning a 25% tariff would create immediate price shocks throughout the industry.
companies experienced logistics cost increases of 10% to 15% due to tariffs in the past year. These costs cascade through the supply chain, raising consumer prices and squeezing profit margins. According to a National Retail Federation study , a 10% tariff on imported apparel can increase retail prices by 3% to 5%.
Increased tariffs mean higher prices for raw materials and finished goods, but shipping, storage and handling costs often increase too, which threatens small- to midsized business (SMB) profitability — especially when up against larger competitors with more resources. Higher prices can alienate loyal buyers.
In the first facility management was focused on controlling the workforce through individual metrics. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring. I am sending this to my colleagues who work with me.
Ongoing disruptions in the Middle East are driving up supply chain costs across energy, transportation, insurance, inventory, and technology. Assess and mitigate exposure to new global transportation bottlenecks 2. Prepare CFOs for continued supply chain cost volatility 3. What do you say?
The final pillar of defense against cargo theft involves collaboration with trusted partners to track threats and report incidents – which often doesn’t happen even in today’s environment. link] Robert Transportation Manager, N/A Posted on: Aug, 30 2016 Good article! I am sending this to my colleagues who work with me.
or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring. link] Robert Transportation Manager, N/A Posted on: Aug, 30 2016 Good article! I am sending this to my colleagues who work with me.
or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring. link] Robert Transportation Manager, N/A Posted on: Aug, 30 2016 Good article! I am sending this to my colleagues who work with me.
Since early 2025, the US Surface Transportation Board, the federal regulatory agency overseeing railroads, has signaled a more industry-friendly approach to merger reviews. That price would represent about a 23% premium to Norfolk Southern’s stock before the first reports of a potential deal this month. Supply Chain Digest Says.
But according to a report on the data, US birth rates rose only for one demographic: Hispanic women. births per 1,000 women in 2023 was the lowest ever recorded since data collection began in 1909, according to the CDC report. That left logistics costs as a percent of US GDP down a bit in 2024 to 8.7%. trillion, up from $2.44
Egypt's Suez Canal offers 15% discount for big container ships to win back trade Egypt's Suez Canal will offer a 15% discount on transit fees for container ships with net tonnage of at least 130,000 metric tons, to encourage trade back now the security situation has eased and help ships offset rising insurance costs, its authorities said on Tuesday.
Rare earth magnet users jolted into paying premium prices for ex-China supply For years, Rahim Suleman had reached out repeatedly to automakers and other potential clients to market the rare earth magnets from the plant his company was building in Estonia, one of just a handful outside dominant producer China.
I will note we lost one member of our index when software maker and privately held Aptean acquired Logility early in 2025, and will soon lose another software company when non-public WiseTech’s purchase of e2open is finalized. link] Robert Transportation Manager, N/A Posted on: Aug, 30 2016 Good article! We have to keep this in mind.
of GDP The Council of Supply Chain Management Professionals (CSCMP) and partners Kearney and Penske Logistics are out last week with the 2025 State of Logistics Report, looking primarily at 2024 data. The US thus spent about $131 billion more in parcel shipping than it did in rail transport last year - a bit more than a delta of $127.4
Click here to send us your comments The Cass report showed May shipment volumes in the US were down 3.4%seasonally Click here to send us your comments The Cass report showed May shipment volumes in the US were down 3.4%seasonally link] Robert Transportation Manager, N/A Posted on: Aug, 30 2016 Good article! month-over-month.
Commandment 9: Insist on User Friendliness Independent of the effort put forth to design a system, purchase hardware and develop software, the single biggest test of implementation occurs when an operator attempts to scan bar coded media. Reputable suppliers are ready, willing and able to properly support the many aspects of bar coding.
The early years were rough, both due to Smith’s personal troubles (a lawsuit by his half-sisters and a hit-and-run incident for which charges were later dropped) and high fuel prices from the 1973 OPEC embargo. link] Robert Transportation Manager, N/A Posted on: Aug, 30 2016 Good article! We have to keep this in mind.
Add to that the new battle in the Middle East, with its risk of expansion, potentially impacting oil prices and more, and there is a lot to be worried about. Add to that the new battle in the Middle East, with its risk of expansion, potentially impacting oil prices and more, and there is a lot to be worried about.
There is no shortage of reporting tools, green fuel pilots or glossy ESG statements. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring. Not technologically. Not mentally.” We have to keep this in mind.
or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring. link] Robert Transportation Manager, N/A Posted on: Aug, 30 2016 Good article! I am sending this to my colleagues who work with me.
Another manager in the computers and electrics sector stated that: “Tariffs continue to cause confusion and uncertainty for long-term procurement decisions. The Prices Index remained in expansion (or increasing) territory, registering 69.7, Source: ISM However, of the 18 sectors tracked by ISM, 9 reported growth in June.
or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring. link] Robert Transportation Manager, N/A Posted on: Aug, 30 2016 Good article! I am sending this to my colleagues who work with me.
or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring. link] Robert Transportation Manager, N/A Posted on: Aug, 30 2016 Good article! I am sending this to my colleagues who work with me.
Electric Charging Station Installs Soar in Q2 According to a report from Transport Topics this week, 703 high-speed, public charging stations opened in the US in the second quarter, the second-largest such infrastructure boom on record, according to Department of Energy data. An y reaction to t hese stories?
Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. For example, transportation management often focuses on the journey of products after manufacturing. The Definition of Procurement Logistics. Purchased parts and similar items.
Resist the temptation to place deeper analytics on top of existing data models. Instead, rethink the model and the approach. Re-implement demand planning, trade promotion management, and revenue/price management together to improve the baseline demand signal. Watermelon Metrics Don’t Drive The Right Results.
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