article thumbnail

Developing Agile Procurement Strategies: Thriving Amid Global Trade Disruptions

Logistics Viewpoints

manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore. They may be able to shave 15% off their costs and dodge a tariff bullet. What Is Agile Procurement?

article thumbnail

Supply Chain & Logistics News Round Up (October 7th-11th 2024)

Logistics Viewpoints

UVa Health said it is working on reducing any unnecessary waste of IV products, including IV fluids, dialysis fluids, parenteral nutrition, and irrigation fluids. US Official Says China is Oversupplying Lithium to Eliminate Rivals A senior U.S. However, the price drop has hindered global investment in lithium projects.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Navigating the Supply Chain Wars: Strategies for Wholesale Distribution Success

ToolsGroup

Lets explore these challenges and strategies to overcome them. Optimize Inventory and Pricing Use AI-driven insights for stock mix optimization and dynamic pricing, reducing excess stock while meeting service level goals. Invest to buffer inventories of critical goods and use pricing to intelligently respond to tariffs.

article thumbnail

Sales & Operations Planning: Bridge Strategy and Execution

ToolsGroup

This model should support: Cross-functional collaboration Real-time scenario planning Execution-ready forecasts Data consistency across teams A unified model eliminated silos, ensures all teams work from the same assumptions, and provides the foundation for fast, data-driven decision-making.

article thumbnail

The Cost-Plus World of Supply Chains: The Macroeconomic and Geopolitical Environment

From new pricing strategies and material substitutability to alternative suppliers and stockpiling, a new GEP-commissioned Economist Impact report reveals that enterprises are adopting a variety of approaches underpinned by data and technology.

article thumbnail

No Balloons Needed: Practical Moves to Navigate Tariff Volatility

Logistics Viewpoints

Trade policies are constantly evolving, forcing companies to assess how these changes impact customer demand, supply networks, fulfillment strategies, and cost to serve. As a result, the company had to lay off workers and reevaluate its entire strategy – even as tariffs are paused – due to a lack of supply chain flexibility.

article thumbnail

The Importance of Energy Transition and Sustainability in the Logistics and Supply Chain Industry

Logistics Viewpoints

The transition to renewable energy and the adoption of sustainable practices are now essential for reducing environmental impact, ensuring regulatory compliance, and maintaining competitiveness. Reducing dependency on fossil fuels can mitigate these risks and improve operational predictability.

article thumbnail

Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.

article thumbnail

5 Early Indicators Your Embedded Analytics Will Fail

Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. But by then, it may be too late. In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.".

article thumbnail

New Study: 2018 State of Embedded Analytics Report

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.

article thumbnail

How to Package and Price Embedded Analytics

Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.

article thumbnail

Next-Gen AI-Based Demand Planning: Turn Your Insights Into Accuracy in 1 Day

Artificial intelligence designed for demand planning brings the following benefits: Immediate forecast error reduction of 15-40%: this drives optimal service & stock levels. The planner gets insight into the drivers of demand: what is the impact of seasonality, price changes, or promotions?

article thumbnail

10 Ways to Leverage Buyer Signals and Drive Revenue

In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase.

article thumbnail

What Resilience Means in 2021

Speaker: Scott Wooley, President of Thermal Packing Solutions at Atlantic Tape and Packaging

In this webinar, we will cover the following topics: Champion/Challenger strategy. Blended Supplier Pricing Model. Join Scott Wooley, President of Thermal Solutions at Atlantic Tape and Packaging, and redefine what a resilient supply chain is. Total Cost of Ownership (TCO). Save your seat now! This is a session you won't want to miss!