Freightos

APRIL 23, 2025

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.

Optimal Sourcing 156

Optimal Sourcing Benchmarking Manufacturing Procurement Modeling 156

SCMDOJO

JANUARY 9, 2025

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.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Procurement Solutions Negotiating Skills 98

Logistics Viewpoints

FEBRUARY 25, 2025

The company, heavily invested in Canadian manufacturing, faced a crisis because its raw materials were sourced from outside North America, disqualifying it from USMCA tariff exemptions. Design product flexibility to include materials sourced for US and non-US markets or quickly adapt to different sources of materials.

Manufacturing Procurement 275

Manufacturing Procurement Inventory Reduction Price Reduction Material Savings 275

Enterra Insights

DECEMBER 17, 2024

A term once prominent in supply discussions optimization isn’t heard quite as often as it used to be. That doesn’t mean optimization isn’t as important now as it has been in the past. Also, validated financial statements are key in the underlying optimization models. Quite the opposite.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 130

Supply Chain Shaman

APRIL 2, 2025

The issue is that when companies optimize functional metrics, they throw the supply chain out of balance and sub-optimize value. Traditional approaches built optimization on top of relational databases. This shift improves modeling options and the use of disparate data. Supply chain leaders love bright and shiny objects.

Optimal Sourcing 195

Optimal Sourcing Supply Chain Planning Software Modeling Supply Chain Design Software 195

Logistics Viewpoints

MAY 1, 2025

Innovation Pillars: Diagnose: primarily powered by Infor Process Mining, this capability helps organizations gain visibility into business processes, uncover non-conforming variants, identify critical bottlenecks, and optimize operations based on data. Smart Import is also being leveraged to accelerate data integration from various sources.

Prescriptive Analytics Software 226

Prescriptive Analytics Software Optimal Sourcing Material Savings Predictive Analytics Software 226

Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

Optimal Sourcing 295

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 295

Logistics Viewpoints

FEBRUARY 24, 2025

They offer software systems and technology for complex integration, rapid application development, and advanced analytics and sell those solutions to companies that need to accelerate optimized business outcomes. Marketing may want an optimization scenario that costs more but leads to maximum service levels for a new product.

Supply Chain Planning Software 301

Supply Chain Planning Software Prescriptive Analytics Software Agile and Lean Supply Chain Modeling 301

Precoro

DECEMBER 24, 2024

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.

Price Reduction 105

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 105

Logistics Viewpoints

FEBRUARY 26, 2025

Companies find it difficult to fully trust the data from suppliers, complicating efforts to ensure product authenticity, safety, and ethical sourcing. FDAs Drug Supply Chain Security Act (DSCSA) and global standards like ISO 20400 for sustainable procurement are driving companies to adopt blockchain for improved compliance and accountability.

Supply Chain Software 248

Supply Chain Software Pharmaceutical Supply Chain Network Software Optimal Sourcing 248

RFgen

NOVEMBER 27, 2024

It’s the key to transforming your supply chain from a source of frustration into a well-oiled, profit-generating machine. By harnessing the power of data science and analytics, you can gain end-to-end visibility across your entire network, breaking down information silos and optimizing every stage of your operations.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Optimization Modeling Inventory Reduction 98

Logistics Viewpoints

DECEMBER 2, 2024

During COVID, this more agile and resilient model allowed the firm to grow their market share. It might highlight logistics jams, manufacturing capacity, quality issues, or procurement cost trends. We have many products, many different bill of material structures, and many different business models.

Supply Chain Planning Software 294

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Network Software 294

Supply Chain Shaman

APRIL 18, 2023

During the pandemic, companies struggled with planning systems turning off the optimizers, and using the technology as a system of record. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. Steps to Take Here are three steps to take: Adaptive Modeling. Higher variability.

Supply Chain Planning Software 417

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 417

Supply Chain Shaman

NOVEMBER 9, 2023

Use of optimization to consume planned orders into manufacturing scheduling and distribution requirements planning (including inventory optimization of safety stock). And, there is no translation of planned orders for manufacturing into aggregate procurement. The focus is on functional optimization.

Optimal Sourcing 409

Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement Modeling 409

Logistics Viewpoints

FEBRUARY 20, 2024

Optimization and simulation are the two main branches of SCND. Optimization accounts for over 90% of all work that is being done by SCND teams. This article describes how to incorporate simulation techniques into optimization, build a stochastic optimization model, and end up with a more resilient supply chain model.

Sourcing Strategies 312

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 312

Logistics Viewpoints

APRIL 29, 2025

Fictiv’s Global Manufacturing Supply Chain brings together AI-driven technology workflows, a world-class global manufacturing network, and teams of local manufacturing experts to simplify sourcing for custom mechanical components. Fictiv brings exceptional talent, proven technology, and a shared commitment to innovation.

Manufacturing Procurement 165

Manufacturing Procurement Supply Chain Software Logistics Network Optimization Software Manufacturing 165

Supply Chain Shaman

NOVEMBER 15, 2023

Let’s zoom to the bottom line: the results are less than optimal for all the monies spent and practices deployed. When he speaks of the supply chain, he means procurement. Likewise, when he speaks about the supply chain, his partner, Yossi, his mental model is logistics. For this blog post, never mind the comparison.

Supply Chain Planning Software 418

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 418

Logistics Viewpoints

DECEMBER 14, 2023

And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. By identifying these gaps, you can create sourcing events to close them.

Supply Chain Design Software 326

Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software Modeling 326

Supply Chain Shaman

NOVEMBER 21, 2022

” As I dipped my spoon into some scrumptious chestnut soup at a great restaurant, my companion asked, “With the advancements in optimization and self-learning, aren’t we close to having self-driving supply chains?” I started with, “How can I help you?” “ Reflection. The facts are clear.

Supply Chain Planning Software 376

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 376

Logistics Viewpoints

APRIL 6, 2023

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.

Optimal Sourcing 246

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 246

Supply Chain Shaman

MAY 26, 2023

The basic frame of supply chain planning–functional taxonomies for optimization on a relational database–must be redesigned before supply chain leaders can reap the benefit of deep learning, neural networks, and evolving forms of Artificial Intelligence (AI). Or a unified data model across source, make, and deliver for planning?

Optimal Sourcing 369

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 369

Freightos

APRIL 23, 2025

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.

Optimal Sourcing 156

Optimal Sourcing Benchmarking Manufacturing Procurement Procurement 156

Logistics Viewpoints

JULY 23, 2024

Without sufficient data, AI models can’t uncover meaningful patterns, make accurate predictions, or provide valuable insights for informed decision-making in complex and dynamic environments. At the same time, feeding your AI models too much data can also be a problem. ERP, CRM, SCM), external sources (e.g.,

Optimal Sourcing 312

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 312

ToolsGroup

MAY 30, 2018

There has been a lot of discussion around this topic lately and I wanted to offer a few insights, including around the importance of the data model in high-quality decision making using digital twins. These are virtual counterparts to the physical world that model a product’s uniqueness and its lifecycle.

Modeling 168

Modeling Modeling Software Supply Chain Planning Software Optimization Modeling 168

Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. The distribution models were never tested when implemented. As a result, after four years of the initial go-live, the team blindly used planning models, distorting the plan. I encourage all to backcast to test and improve their models. Go to the source. The reason?

Supply and Demand 431

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 431

Supply Chain Shaman

JULY 31, 2024

What is the role of make, source, and deliver? Coefficient of Determination or R² measures how well a statistical model predicts an outcome. ) Define a proactive approach and the value/economies of scale of planning manufacturing/transportation and sourcing together. What defines a feasible plan? Here I share some insights.

Supply Chain Planning Software 413

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 413

Jaggaer

MAY 16, 2025

In many industries, procurement is responsible for managing significant budgets which means it holds a key lever for business performance. From Order Fulfillment to Strategic Value Creation Partner This realization is relatively new and comes with a fundamental shift in how the role of procurement is understood.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Negotiating Skills Procurement 52

SCMDOJO

FEBRUARY 21, 2025

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?

Optimal Sourcing 54

Optimal Sourcing Supply Chain Disruption Vendor Strategies Cost Reduction Strategies 54

ivalua

NOVEMBER 14, 2019

Gartner predicts that by 2023, organizations that don’t optimize supplier master data management (MDM) could have wrong information for half of their suppliers! Accurate supplier master data (SMD) is essential for procure-to-pay (P2P) automation, accuracy and analytics, but connecting data to users and systems sometimes gets bumpy.

Optimal Sourcing 113

Optimal Sourcing Optimization Software Modeling Optimization Modeling 113

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. In fact these models are not just used casually, but they often are designed to inform and make optimal sourcing choices. What is a Total Cost of Ownership Model?

Optimal Sourcing 103

Optimal Sourcing Purchasing Skills Manufacturing Procurement Negotiating Skills 103

Logility

MAY 25, 2022

the traditional supply chain model is falling short. Now more than ever, the conventional silos of planning, sourcing, and procurement teams must be connected into one cohesive network. A digital supply chain platform enables these interactions between planning, sourcing, and procurement ? Let’s face it ?

Optimal Sourcing 130

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 130

Supply Chain Shaman

JUNE 9, 2023

The discussions included the pros and cons of probabilistic versus deterministic optimization, advancements in Artificial Intelligence (AI) and Deep Learning, and improvements in Machine Learning. Each box has an optimizer that drives output from a model based on a functional definition using enterprise data.

Optimal Sourcing 363

Optimal Sourcing Supply Chain Planning Software Supply and Demand Manufacturing Procurement 363

RFgen

DECEMBER 4, 2024

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. As companies across industries have discovered, a well-optimized supply chain can drive significant improvements throughout their operations.

Sourcing Strategies 96

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 96

Logistics Viewpoints

AUGUST 23, 2021

Those include trust issues, the operating model, and technology. The larger the number of industry participants on a network, the better the solution is at sourcing and onboarding. The LevaData solution, for example, speeds up sourcing significantly. A control tower provides a digital model of a company’s extended supply chain.

Optimal Sourcing 299

Optimal Sourcing Supply Chain Planning Software Supply Chain Network Software Modeling Software 299

Jaggaer

MARCH 7, 2025

In an era where digital transformation is reshaping industries, government procurement is no exception. Advanced technologies such as AI, automation, and predictive analytics are playing a pivotal role in optimizing procurement processes, enhancing transparency, and driving efficiency.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Software Optimization Software 52

Jaggaer

APRIL 24, 2025

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. The success of this globalized model rested on three assumptions, the first of which was that governments would act in a rational manner to ensure frictionless trade.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Analytics Demand Planning Software 52

Supply Chain Shaman

JULY 13, 2023

How wrong and how biased depends on the inputs and the refinement of the model. The problem is helping models sort through inaccuracy and bias. The general AI models like ChatGPT are the buzz, but the greatest lift for the supply chain is happening in the world of narrow AI driven by deep learning.

Optimal Sourcing 368

Optimal Sourcing Supply Chain Planning Software Modeling Supply Chain Planning 368