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Four key reasons why suppliers are critical for managing direct spend Innovation and Product Development: Suppliers often have deep knowledge about the materials, processes, and industry trends that can drive innovation. For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital.
Organizations examine past sales trends, apply seasonal adjustments, and make forecasts based on historical models. This enables companies to adjust sourcing, production, and logistics well in advance of potential disruptions. Automated warehouse operations streamline order fulfillment, reducing dependency on manual labor.
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.
Shippers, brokers, carriers, news organizations and industry analysts rely on DAT for trends and data insights based on a database of $150 billion in annual market transactions. Adamo has been quoted in the Wall Street Journal and extensively in trade publications as a leading voice on freight market trends.
Unified source-to-pay ecosystems. The GEP 2025 Procurement & Supply Chain Tech Trends Report breaks it all down. And if it feels like the old playbooks aren’t working anymore, that’s because they aren’t. Agentic AI. Autonomous procurement. These innovations are converging and transforming how procurement teams operate.
SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. Spend Management Takeaways SAP continues to invest in using generative AI to improve the user experience.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.
Digital transformation is an ongoing process so we can expect to see this year’s breakthrough trends continuing to shape society into next year.”[1] ”[1] Below are a few of the trends experts have identified in the artificial intelligence field. Artificial Intelligence Trends Rise of the Prompt Engineer.
Kevin Hill and Joe Lynch disucss 4 trends in freight brokerage. Summary: 4 Trends in Freight Brokerage Kevin Hill of Brush Past Research joins the Logistics of Logistics podcast to discuss the growth, evolution, and current state of the freight brokerage industry.
What’s Inside: Exploring the importance of having a dedicated buy-side contracting team Leveraging tools to enhance efficiency and empower the legal and sourcing teams Establishing processes to gather and analyze contract data to spot trends
It creates a single source of truth for your rate management, automating RFQs and streamlining the entire procurement process. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.
The Need for Speed When you talk to supply chain planning software suppliers, they identify similar trends. And the trends they are focused on have a direct impact on their product development plans. This creates a unified view by stitching together data sources in real time.
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.
Think your customers will pay more for data visualizations in your application? Five years ago they may have. But today, dashboards and visualizations have become table stakes. Discover which features will differentiate your application and maximize the ROI of your embedded analytics. Brought to you by Logi Analytics.
Global Trade Compliance Is Not Showing Signs of Slowing Down Any Time Soon The Global Trade Compliance market is experiencing steady growth and is expected to continue this trend over the next five years. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions.
Companies leaning heavily on global sourcing? manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. Consequently, when shortages emerged, they had already secured alternative sources, thereby averting a significant disruption to production. For example, U.S.-based
That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supply chain planning.
Postal Service reversing its package ban from China to LGs big robotics acquisition, companies are adapting to new regulations and automation trends. Supply Chain & Logistics News January 2nd-6th 2025 The global supply chain never sleeps, and this weeks headlines reveal the fast-moving shifts shaping logistics, trade, and technology.
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.".
Get the inside scoop on the top supply chain trends shaping 2025direct from the Gartner Supply Chain Symposium/Xpo. Here are four trends the Resilinc team took away from the 2025 Gartner Supply Chain Symposium/Xpo that are shaping the next era of supply chain leadership. Whats next for supply chain leaders?
Postal Service reversing its package ban from China to LGs big robotics acquisition, companies are adapting to new regulations and automation trends. Supply Chain & Logistics News February 2nd-6th 2025 The global supply chain never sleeps, and this weeks headlines reveal the fast-moving shifts shaping logistics, trade, and technology.
Download Now AI Solutions for Complex Demand Planning For supply chain professionals, managing demand involves analyzing multiple signals from diverse sources. It helps understand signals such as hospital or patient consumption trends, while taking strict regulations into account.
Ethical sourcing is a fundamental aspect of social sustainability. Companies can tap into this trend by introducing carbon-neutral delivery options or product lines that prioritize environmentally responsible materials and practices. Sustainability itself can be a driver of revenue growth.
Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration.
The Need For Supply Chain Innovation: Why You Should Watch These Four Trends ? The fundamental trend reshaping supply chains over the last two decades has been the shift from supply push to demand pull through the rise of e-commerce. Source: US Census Bureau. Megatrends (Possibly) Shaping Supply Chain Trends: Technology.
One of the most transformative tools in this regard includes, digital sourcing or also referred to as, e-sourcing applications. These digital platforms have revolutionized how businesses approach sourcing by enhancing efficiency, reducing costs and fostering better supplier relationships.
Integrating Real-Time Data for Improving Demand Forecast Accuracy AI-driven demand planning models leverage real-time data sources, such as: Point-of-sale transactions Social media trends Website traffic analytics Consumer behavior indicators 3.
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.
data extractors, search APIs) to perform tasks, enabling them to dynamically adjust to new information and real-time knowledge sources. Here are some specific use cases: Demand Forecasting AI Agents can analyze historical sales data, market trends, and real-time demand signals to predict future demand accurately.
It creates a single source of truth for your rate management, automating RFQs and streamlining the entire procurement process. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Industry-specific content is available for processes like Source to Settle, Procure to Pay, Order to Cash, and more. The platform leverages AI and Digital Technologies like RFID at Source (reducing receiving and packing time and chargebacks) and 2D barcodes/Digital Links to drive transparency and capture data for product circularity.
To examine supply chain management priorities, performance, and anticipated trends, APQC conducted its 10 th annual Supply Chain Management Priorities and Challenges research, including a survey of more than 350 supply chain professionals from around the world and across multiple industries.
In Part One of the series , Michael observed that standard sourcing solutions struggle in efforts to support direct materials sourcing because of specific challenges in the software design. He further established the case for why supply chain teams need to context integrated sourcing as well as procurement.
Listen to the full podcast interview here ) Source: Fort Of course, this stark reality was faced by many small and medium-sized businesses (SMBs) during the peak of the pandemic. This trend was a while in coming. to 0.85 (Source: ShipBob ). One of the most prominent shifts has been sourcing patterns.
With Freightos Procure, were now in a position to build true Procurement Intelligence by combining global market data with modern sourcing and decision-making processes. Former Global Logistics Partner Manager at Kuehne+Nagel, specializing in LSP sourcing, onboarding, and management.
They write, “This includes tackling bigger issues such as compliance, supplier relationship management, risk and disruption, responsible sourcing, and transparency. “Sophisticated predictive analytics tools process sales data, seasonal trends, and market fluctuations to forecast demand accurately.
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?
The Latest Trend in Baseball: the Torpedo Bat Consumer product trends and fads have always shaped consumer behavior. The sporting goods industry is no exception, where new trends often make waves, creating opportunities and challenges for manufacturers.
The solution is to back up, figuratively speaking, to the general definition of the need and see how overall trends and developments in the world could make this need map onto other, different solutions. This trend represents a fundamental shift from traditional asset-heavy models to more flexible, collaborative approaches.
As Tim Payne, Research Director at Gartner, emphasizes: Responding to the customer can be achieved with cost overruns, excessive inventory and firefighting, but to respond profitably means understanding the sources of volatility and planning for them appropriately.
Network Analytics: Shippers gain granular visibility into capacity, helping them optimize sourcing and manage their transportation network more efficiently. About DAT Freight & Analytics DAT Freight & Analytics operates the largest truckload freight marketplace in North America.
As organizations look for reducing dependencies on concentrated sources of supply, Eastern Europe, Mexico, and South Asian countries will start providing viable alternatives to the current manufacturing powerhouse countries. All in all, several of the trends that have been at play will be accelerated during 2022 and beyond.
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