Remove Eliminating Excel in Purchasing Remove Pricing Training Remove Shipping
article thumbnail

Is AI Hype or a Truly Revolutionary Technology Set to Transform Logistics? (AI Popup #3)

Freightos

Historically, we were able to use technology to wrangle standardization for things like pricing and rating, helping ExFreight emerge as the first digital forwarder. So we are currently experimenting with using the trained LLM developed for our chatbot, combined with filtering tools, to automate responses to various email inquiries.

article thumbnail

What is a Sourcing Agency and How does it work?

SCMDOJO

But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s uncover the mystery behind the role of sourcing agencies and see how they make the job of buying things much simpler. They play a big role in making sure the whole process of buying things goes smoothly from start to finish.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Is AI Hype or a Truly Revolutionary Technology Set to Transform Logistics? (AI Popup #3)

Freightos

Historically, we were able to use technology to wrangle standardization for things like pricing and rating, helping ExFreight emerge as the first digital forwarder. So we are currently experimenting with using the trained LLM developed for our chatbot, combined with filtering tools, to automate responses to various email inquiries.

article thumbnail

Use Forward Buying to Gain Profit During Inflation

Herlitz Inventory Management

If ever there was a time to take advantage of forward buying, this is it! Knowing that forward buying is important is only step one. To do so effectively, you need to first understand how much extra to buy. How Much Extra Inventory Should You Buy? Now imagine you bought 90 days of inventory before a 9% price increase.

article thumbnail

Pushing the Supply Chain Reset Button

Supply Chain Shaman

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. The impact varies by supply chain sector and value chain. The cycle is just beginning.

article thumbnail

5 Reasons Why You Need Procurement Planning Software

New Horizon Supply Chain Blog

Procurement planning functionality (essentially the planning of future purchase orders) is typically a subset of broader supply planning applications that plan manufacturing work orders, inventory levels, shipments, as well as purchase orders, to meet demand.

article thumbnail

Pushing the Supply Chain Reset Button

The Logistics & Supply Chain Management Society

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. Companies that tightly tether to enterprise transactional data will never buy the right stuff.