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Procurement and supplychainmanagement 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.
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manageprocurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manageprocurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
Table of Contents Introduction You can have the best technology in the world, but it means nothing if you dont have the proper stakeholders. This is a lesson weve learned at Exiger after helping many of the Fortune 500 and government agencies around the world to map, manage, and orchestrate their complex, global supplychains.
The SupplyChain Matters blog provides perspectives relative to despite having a tentative back-to-work wage negotiation, the outstanding issue of port automation provides added concerns for global industry supplychain teams. ports lag behind other global ports in automation focused on increased throughput.
In 2025, the landscape of spare parts management is undergoing a seismic shift. Maintenance, Repair, and Operations (MRO) professionals, heads of maintenance, and spare parts managers are navigating an environment shaped by supplychain volatility, legacy infrastructure, and an explosion of data.
government procurement of critical components. defense contractor, however, is reportedly still reliant on Russian titanium at lower tiers of its supplychain. Exigers SupplyChain Explorer (SCE) identified 18,828 exports of Russian titanium or nickel since 2023 , including 467 shipments that went directly to the U.S.
While I have watched the advent of transformative technologies like the Internet of Things (IoT), Industry 4.0, and advanced Big Data and Analytics, productivity growth has remained stubbornly flat for the past 15 years. Why haven’t these technological advancements delivered on their immense potential? Industry 4.0
In 2025, the landscape of spare parts management is undergoing a seismic shift. Maintenance, Repair, and Operations (MRO) professionals, heads of maintenance, and spare parts managers are navigating an environment shaped by supplychain volatility, legacy infrastructure, and an explosion of data.
Exiger AI Illuminates Your SupplyChain, Foresees Disruptions, and Strengthens Resilience As an original and proud sponsor of the AI+ Expo and the Special Competitive Studies Project (SCSP), Exiger is an AI platform trusted by Fortune 500 companies, 65 federal agencies, and the defense industrial base.
Introduction Global trade has entered a new era of volatility, with tariffs and trade restrictions already proving to be powerful tools of economic policy. Supplychain and procurement leaders must now navigate an increasingly complex regulatory environment, balancing cost efficiency with risk mitigation.
Exiger Earns Categorys Highest Functional Scores in Both SupplyChainRiskManagement and Third Party RiskManagement WASHINGTON, DC. Exiger was recognized as a Best-of-Breed Solution and named a Value Leader for the second consecutive release of Spend Matters biannual report.
I got a pitch from the PR firm representing Everstream Analytics that was different. Everstream Analytics is sitting on a vast trove of risk data. The company applies AI and other analytics to this data to provide supplychainriskanalytics and insights to its clients.
SupplyChain Matters highlights for industry supplychain leaders, strategists, and planners that the latest reporting relative to economic and supplychain wide activity levels points to demand and supply alignment challenges in the weeks to come. percent from the prior March forecast of 2.8
The Ferrari Consulting and Research Group, through its affiliated SupplyChain Matters blog shares excerpts of select individual predictions that will be included in our annual 2025 Predictions for Industry and Global SupplyChains Research Advisory publishing later this month. billion in funds.
The Ferrari Consulting and Research Group through its affiliated SupplyChain Matters blog provides summary themes of our soon to published 2025 annual predictions for industry and global supplychains. However, global and regional production and purchasing activity as measured by the J.P.
The average SupplyChainmanagement professional measures their SupplyChain by reviewing cost reduction. Is cost reduction all that there is in measuring SupplyChain performance? 3 Key Metrics for Measuring SupplyChain Performance Beyond Cost Reduction.
Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. Reason #3 Not having end-to-end supplychain visibility. Reason #4 Making key decisions by modelling the supplychain in Excel. by John Westerveld.
Well, my big audacious prediction for 2015 did not come true. Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. But some of my other predictions did hit the mark or came close. Making supplychain and logistics predictions is like throwing darts at a moving target.
According to a July 2014 supplychain research study from Accenture focused on Big Data and supplychainriskmanagement, most organizations have high hopes for using big data analytics in their supplychain but many have had challenges in deploying it.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supplychain visibility.
Three years later, he stayed with his $300-a-barrel prediction, but shifted the timeframe to 2020 (see the CBS News article, Another $300 Oil Prediction — and Why This One Matters ). I use this example to illustrate the challenges (or, perhaps, the futility) of making supplychain and logistics predictions.
Welcome to part three of our AI in SupplyChain blog series. In this blog, we explore the different types of predictive AI models for supplychainriskmanagement. We will also look at real-life use cases and applications for each model. How does Resilinc use regression models?
In the world of supplychain and logistics, the built environment comes in many forms, from warehouses and logistics parks to the buildings associated with ports and terminals. The operational technology (OT) world, however, is a different story. The operational technology (OT) world, however, is a different story.
Yesterday we began our two part series on 2016 supplychain trends that will drive supplychainmanagement into the future. As with most trends we all have read over the last few years, the focus was on technology. SupplyChain Trends 2016: 5 Additional More Areas of Focus.
Professionals in supplychainmanagement use various methods to identify best practices to improve the operations. Analysis of case study is certainly one of the most popular methods for people from business management background. SupplyChain of fashion industry involves a time based competition.
In other news… SupplyChainRiskManagement Now a Priority for Most Businesses ( Accenture ). HighJump Software Releases Next Cloud-Based Solution: HighJump Route Administrator. Several reports have been published in recent years underscoring the growing importance of supplychainriskmanagement.
Moving on to this week’s supplychain and logistics news… Target Lowers Free Shipping Minimum to $25 for Online Orders. DHL launches next phase Resilience360 riskmanagementtool to help customers avoid global disasters. enVista Announces Record Revenue for 2014. ATA Truck Tonnage Index Jumped 1.2%
Will the supplychain ever catch a break? With every link of the supplychain impacting businesses both large and small, keeping up with the globally disrupted supplychain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged SupplyChain.
What is supplychainriskmanagement? Supplychainriskmanagement is the process of identifying and managing issues within a supplychain. ordinated approach to implementing strategies to manage both daily challenges and unique risks.
In countless surveys over the past decade, manufacturers and retailers rank “improving supplychain visibility” as one of their top priorities. Yet, despite their focus on this effort and advancements in technology, achieving timely, accurate, and complete supplychain visibility remains an elusive goal for many companies.
Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.”. One of the new tools available to decision makers is predictiveanalytics. Leveraging predictiveanalytics is as close as business leaders will come to having a crystal ball.
But before I bring out the lawn mower and tool box, here’s the supplychain and logistics news that caught my attention this week: Mondelez Says Cyberattack Cost it Business (WSJ – sub. AscendTMS Launches Commission System In Logistics TMS Software. Truckload Turnover Rate Rises Slightly in First Quarter.
I thought I understood all the major supplychain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and SupplyChain Strategy beyond Covid-19. The potential supplychain impacts of this conflict dwarf any other supplychain news that might be reported.
With new products constantly entering the markets and increased availability of international trading, supplychains are now more complex than ever before. Functional supplychains are essential for businesses to succeed, so stakeholders prioritize ensuring their stability. What Are SupplyChainRisks?
.”[1] What is often overlooked in the pursuit of better customer experiences is how those experiences can be affected by supplychain operations. Customer Experience and SupplyChainManagement. ” Knowledgeable retail and supplychain professionals fully understand this symbiotic relationship.
Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supplychain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing.
The Covid-19 pandemic has exposed the fact that many supplychains remain inadequately prepared for a crisis. Supplychainmanagement and procurement sit poised on the frontlines of managing global supplyrisks for their brands. Gaining a Full Picture of SupplyChain Threats.
Supplychain professionals are asked on a daily basis for what can seem like miracles: improve customer service and reduce costs, do more with less. Look at the process enabling tools. Look at the process enabling tools. Specifically, what does your supplychain team use to managesupplychain planning?
A critical part of any supplychain is an effective and efficient supplychainriskmanagement (SCRM) program. Supplychains do not respect functional boundaries. Stone , Vice President of SupplyChainRiskManagement at Exiger Government Solutions.
With a holiday weekend upon us, let’s go straight to the supplychain and logistics news that caught my attention this week: Retailers Seek U.S. GE Acquires Top SupplyChainSoftware Provider ShipXpress to Expand Digital Rail Offerings. Help With Shipping Crisis (WSJ – sub. Hanjin handles about 7.8
Some say COVID-19 is changing the future of supplychain. Our research indicates that COVID-19 impacted 98% of businesses, with 60% reporting an ‘extreme’ impact. According to a pre-COVID report published by the Federal Emergency Management Agency ( FEMA ), 40% of businesses do not reopen following a natural disaster.
This week, the company announced a reversal in manufacturing and supplychain strategy, as well as a major turnabout. Supplychain strategy, process, talent and enabling technologies each play important roles. The supplychain supporting the delivery of equipment is the de-facto facilitator of this business model.
Although the connection between great customer experience and a world-class supplychain is obvious, customer experience is not the first thing that pops into most peoples’ minds when they hear the term “supplychain.” The supplychain’s role in creating a great customer experience.
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