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From balancing cost-efficiency with ethical sourcing to enhancing transparency and integrating corporate social responsibility (CSR), businesses face mounting pressure to align their operations with sustainability, technology, and energy practices. The energy sector provides a compelling example of CSR-driven compliance.
While past efforts focused on meeting compliance requirements, organizations are now working to proactively embed environmental, social, and governance (ESG) principles into their sourcing, production, and distribution activities. Building supplier capabilities while maintaining sourcing flexibility requires additional investment.
The rise of AI technology combined with Source-to-Pay (S2P) digitization are becoming key allies for leading procurement teams in their quest for ever smarter workflows, improved insights, and data-based decision-making. Unlike inflation, which has historical benchmarks, the newly announced U.S.
Proactively adopting cleaner energy sources ensures alignment with these evolving regulations. The industry’s dependency on traditional energy sources necessitates an urgent shift toward cleaner alternatives. Transparent sourcing practices build trust among consumers and investors.
Why do some embedded analytics projects succeed while others fail? We surveyed 500+ application teams embedding analytics to find out which analytics features actually move the needle. Read the 6th annual State of Embedded Analytics Report to discover new best practices. Brought to you by Logi Analytics.
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.
Each presentation was exceptional, and the event viewed ESG from a holistic but pragmatic perspective. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.
Source: mainebiz.biz In today’s rapidly evolving logistics and supply chain sector, warehouses are increasingly turning to innovative technologies to gain a competitive edge. This presents a tremendous opportunity for forward-thinking warehouse owner/operators to create a competitive advantage. According to JLL, the U.S.
Together, they presented the vision for the future and innovation priorities. Industry-specific content is available for processes like Source to Settle, Procure to Pay, Order to Cash, and more. Concepts like GenAI Assistants and Agents were presented, offering conversational interfaces and on-demand analysis.
Thinking back on the many presentations, panel discussions and conversations over the course of the conference, a few unifying themes come to mind. As the logistics technology sector continues to mature, the number of tools, solutions and platforms that supply chain stakeholders are using (juggling?)
As a result, hospital chains largely lacked competence in sourcing. In this model, you are presenting the surgeons with all the options. In many healthcare systems, the costs of these supplies and services were not closely examined. The costs were passed down the line to patients and insurers. We built strategic supplier partnerships.”
With deep-tier mapping of supply chains, companies can manage upstream supplier risk and downstream buyer exposure while optimizing alternative supplier sourcing and ensuring trade compliance. digital twins) to visualize and assess the outcomes of different planned responses.
Companies find it difficult to fully trust the data from suppliers, complicating efforts to ensure product authenticity, safety, and ethical sourcing. This will enable diamond jewelry consumers at scale to engage with the unique journeys their diamonds have taken from source.
Shippers’ end-to-end supply chain predictions are based on applying AI to OpenWeb searches, import/export records, data from sourcing platforms like ThomasNet, federal logistics records, and other data. The computer is then presented with those images. The humans label the pictures as dog, not dog, or unclear.
Both scenarios carry hidden dependencies, but overreliance on single or sole sourcing is increasingly a hidden challenge. Tariffs & Trade: The Clock Is Ticking One of the most urgent themes of the presentation was tariff risk escalation. This is especially relevant in light of proposed 2025 U.S.
Bob Gill, General Manager of ARC Advisory Group (right), presented the award to Dave Ching, Head of Sales for Southeast Asia, Australia, and New Zealand (left). Kole AMR integrated with a robotic picking arm in action Kole Robotics, another new participant, presented its range of AMR solutions for retrieval of totes at elevated height.
Companies must harness a wide variety of data structures and formats, spanning internal and external sources. Planners need the right information at the right time, presented with the proper context, to make meaningful decisions. While the abundance of data is seen as an asset, the real question is: What do you do with it?
This enables companies to adjust sourcing, production, and logistics well in advance of potential disruptions. AI integrates external data sources such as weather forecasts, geopolitical events, and social media trends to refine demand projections. Challenges and Constraints AI adoption presents several challenges.
This eliminates the need for lengthy back-and-forth communications and manual data entry by delivering a single source of truth. Joe Slater and Jonathan Doller at NASCES 2024. Instead of relying on slow-moving processes and outdated information, AI provides real-time insights to stakeholders across all departments.
Ivalua commissioned Forrester Consulting to conduct a Total Economic Impact (TEI) study , offering key insights into how companies can unlock substantial financial benefits and operational improvements by adopting Ivalua’s unified Source-to-Pay (S2P) platform. 393% ROI from process automation, better visibility, and replacing old systems.
Facilities sourcing and construction contracting were centralized in the procurement department. At a quarterly meeting of the Institute of Supply Management, Kevin Frechette, the founder and CEO of Fair Market, gave a presentation on tail spend management. There was also a realignment. The machine does all that comparison for you.
What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. It is called strategic because it replaces traditional ad hoc approaches to sourcing, which were almost entirely focused on cost savings, item by item.
AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies.
AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies.
Click here if you would like to download our presentation on winning the supply chain wars By embracing digital transformation and strategic planning, businesses can turn their supply chains into powerful tools for success. ToolsGroups AI-powered solutions are helping companies navigate uncertainty and stay ahead of the curve.
Many of the case studies being presented at today’s conferences were born during the pandemic and the post-pandemic turbulence. The audience assumes that the presenting company is outperforming. Watching the presentations, I wonder how we became so laser-focused on such a limited view of risk.
Author’s Note: At the ProMat conference earlier this year, I delivered a presentation at the Locus Robotics booth titled “Warehouse Robots: What We’ve Learned So Far” based on research results from our Indago supply chain research community and other sources. Below are some excerpts from the presentation and research.
While AI is readily accessible to just about every business today, in my opinion Samara’s presentation was an important reminder that it needs to be applied thoughtfully and strategically. One of those inspiring stories was presented by HEINEKEN.
Now more than ever, organizations must prepare their supply chain for the present and the unknown challenges and opportunities in the future. Doing so helps organizations detect market shifts and makes supply chain decisions more forward-looking than an analysis of the past, present, and at best, a tactical view of the future.
The panel group is sourced from my group of LinkedIn followers. Summary So, if you are at a conference hearing a presentation on S&OP imagine where the presenting company is on maturity and ask for feedback on this research. My goal is to help. I openly conduct and share research in front of the firewall.) The reason?
What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all. Yet there are good reasons to do so.
He also spoke at the ARC forum in 2023, and this article is based on that presentation as well. trillion records from 47 data sources in the Cognite platform. It accesses, transforms, and harmonizes data from multiple sources to make it usable and actionable for various business use cases. Industrial data is voluminous.
In our monthly webinar last Wednesday, I presented these results. During the webinar, a respondent asked me to not present just the facts but to give advice. Recently, I was presenting to a supply chain team in Europe. Successful network design strategies are holistic crossing the boundaries of source, make and deliver.
Marisa Brown, Senior Principal Research Lead, Supply Chain Management at APQC (American Productivity & Quality Center) recently gave a presentation at ARC Advisory Group’s Supply Chain Forum. In her presentation, Ms. Because of the pandemic, risk management surrounding sourcing has become top of mind in supply chain organizations.
For procurement organizations, the German Supply Chain Act presents both challenges and opportunities. The Act also presents an opportunity for procurement organizations to demonstrate their commitment to sustainability and ethical conduct. BAFA can impose penalties on businesses that don’t comply with regulations, including: .
Source: Fortune. #3: Source: Fortune. Give individual contributors stretch assignments and present these to leadership. Find out what employees value as part of their professional development, work/life balance, and benefits, and go from there. 3: Overcome the Staff Shortage by Supporting a Remote Workforce.
What is the role of make, source, and deliver? For additional insights check out our presentation at Informs. Define a proactive approach and the value/economies of scale of planning manufacturing/transportation and sourcing together. In small, regional distributors, the goal may be better replenishment.
Each session, discussion, and presentation showcased the power of teamwork in shaping possibilities that truly matter. Presenters delivered their pitches infused with humor, engaging the audience and making their ideas stand out from the crowd. Brent Griffith Day 2: More Keynotes, Sessions, and Silent Demos!
This disconnect between AIs potential and real-world adoption presents a significant opportunity for companies to gain a competitive edge, especially in supply chain management where uncertainty is the norm.
Peter is a widely published author in numerous trade press and frequent presenter at utility industry conferences. His expertise spans across generation, transmission, distribution, and smart grid and renewables-related technologies, with a strong focus on ROI- and strategic marketing- driven concerns.
Edge computing processing data locally, near the source has emerged as a method to address these challenges by reducing latency and improving resiliency. Data security at the edge also presents risks. Environmental factors present additional challenges.
At the conference, I was fortunate to see a presentation from Brent Wilson, Senior Vice President of Global Supply Chain at Qualcomm. Brent pointed out that Covid created small interruptions for many companies in terms of sourcing semiconductor chip materials. In May, I attended the Kinaxis Kinexions event in San Diego, CA.
Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supply chain. Yet, within the pursuit of efficiency lies a lurking peril: single sourcing. The pandemic was a wake-up call to the dangers of single sourcing. What is single sourcing and sole sourcing?
The main take aways from the presentation earlier this year were the following: The auto industry has made supply chain risk management a priority since the Fukushima nuclear disaster in 2011. They wanted these diverse sources of information pulled together in one central, user-friendly location they call their “garage.”
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