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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.
In this type of environment, traditional procurement software and manual processes are insufficient – and many procurement teams are looking to artificial intelligence (AI) for answers. Key Takeaways Understand the potential impact of AI – including Generative AI & AI Agents – in procurement.
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.
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.
Procurement is in the middle of a tech tsunami. Autonomous procurement. Unified source-to-pay ecosystems. These innovations are converging and transforming how procurement teams operate. The GEP 2025 Procurement & Supply Chain Tech Trends Report breaks it all down. Agentic AI.
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.
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.
In a world of ever-growing economic uncertainty, procurement is at the heart of organizations’ aim to drive efficiency and cost savings. As more and more companies invest in S2P technology, Ivalua has commissioned a survey and report on “The State of Source-to-Pay Digitization 2025” from trusted research and advisory firm Ardent Partners.
Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. This blog explores the most common challenges in digital procurement and the capabilities that matter most.
Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.
In an era of endless voluntary disclosures and increasing emissions reporting regulations arising across the globe, international companies are playing regulatory twister. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.
This enables companies to adjust sourcing, production, and logistics well in advance of potential disruptions. Operational Benefits of AI-Driven Supply Chain Planning Cost Reduction AI enables cost reductions by optimizing inventory management, logistics, and procurement.
As regulations across the globe strengthen, the pressure to collect, report, and organize emission-related metrics has never been higher. Structure Your Data for Seamless Reporting Most reporting statutes already require or will require companies to provide data for their Scope 1 through 3 emissions.
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.
If you’re evaluating procurement technology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.
The COVID-19 pandemic and ongoing geopolitical shifts demonstrated the risks of relying on single-source suppliers and minimal inventory buffers. AI-driven analytics, machine learning, and robotics are improving procurement, inventory management, logistics, and supplier negotiations. Resilience is now taking precedence.
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.
SCB Feature Report From DPW: What’s Next for AI in Supply Chain? Koganti said this is the fastest-growing use of AI in supply chain, especially when it comes to forecasting, procurement and fulfillment. You’ll be able to have an agent like you have a human resource,” he said.
Stricter forced labor regulations, ongoing trade disputes, and the emission reporting mandates of the EUs Corporate Sustainability Reporting Directive (CSRD) will create immense pressure on companies. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions.
As Procurement teams are tasked to do more with less in an increasingly complex and uncertain market, digitization has become a must. Procurement leaders have increasingly turned to Spend and Supplier Management platforms to improve decision-making, efficiency and collaboration.
Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.
Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.
What Lieferkettengesetz Means for Procurement? The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. By Jan-Hendrik Sohn. Export and import of certain hazardous wastes.
Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supply chain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. A full 84% of procurement leaders agree that dealing with supply chain disruptions has been their biggest career challenge to-date.
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.
In today’s interconnected world, ethical sourcing has transitioned from a “nice-to-have” to a critical imperative for businesses across all sectors. This heightened awareness places a significant responsibility on procurement professionals to ensure that their supply chains align with ethical and environmental standards.
The days of quarterly reviews and annual procurement cycles are giving way to a much more dynamic, responsive approach to supply chain management. Having everything connected from market intelligence to tender procurement to actual bookings transforms how shippers operate. However, this specialization has created its own challenges.
Looking to improve operations and achieve cost savings within your procurement processes? Perhaps you already have a process audit report, or are interested in discovering how it could benefit you and streamline your operations. What is the Purpose of a Process Audit Report?
Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.
The combination of Maestro’s scenario modeling capabilities and Catena-X data integration equips planners to stress-test decisions before they cascade through production and procurement. Transparency as a strategic lever Visibility can’t just be a reporting function anymore—with transparency, it’s a strategic differentiator.
Supply chain was defined in 1982 as interoperability between source, make and deliver. Ask a procurement or transportation professional if they have a good demand signal and expect a laugh. The Supply Chains to Admire report is designed to help you align your organizational goals to industry potential. Watch for the launch.
The report, which comprised 310 respondents, provides a cross-industry snapshot of the current state of RPA in supply chain, including the likelihood of implementation as well as the benefits and obstacles surrounding RPA deployment. Many technologies are implemented as a source of cost cutting.
Supplier Management solutions have garnered significant recognition in the procurement industry for their innovative approach and substantial business benefits. This recognition underscores QADs growing influence and effectiveness in addressing the complex needs of todays procurement professionals.
Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities This supply chain article provides a comprehensive overview of the procurement department within an organization. Read In Detail About Procurement Department Here 2.
I volunteered to write a report on supply visibility. We never published the report. Too few companies have a holistic approach to embrace the plan, make, source, and deliver together. The problem with supplier visibility is bookended into procurement processes that have gone back, not forward over the last decade.
Industry-specific content is available for processes like Source to Settle, Procure to Pay, Order to Cash, and more. Specific AI use cases available in Infor WMS, such as Product Location Recommendations and the Facility Review Report (GenAI), were highlighted. Key features include Multi-tier Mapping and Trace Request.
GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.
The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. Who Should Prioritize an S2P Digital Transformation?
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.
In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. Order cycles–the requested time from order to delivery–decreased while supply cycles –the time to procure materials– increased. (Yes, Build in-market sourcing. Shift in cycles.
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.
Amid a continuing component supply shortfall involving commercial aircraft global supply networks a report indicates that India has become a more attractive source of components. Industry sources are cited indicating that the countrys emerging aerospace suppliers are being encouraged to elevate their capabilities.
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