Remove Examples Remove Innovation Remove Procurement
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Direct Spend Management: A Checklist for Enabling Shared Value with Direct Suppliers

Logistics Viewpoints

Suppliers are now crucial strategic partners that support product innovation, efficient supply chains, and overall competitiveness. An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing. This means involving procurement in the highest levels of strategic planning and decision-making.

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AI in procurement: Applications, Challenges, and Mitigation Strategies

Precoro

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.

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Lenovo Excels in Supply Chain Planning with a Hybrid Approach

Logistics Viewpoints

We invest a huge amount of time and resources into our people and making sure that we have the best digital talent in the industry and that we’re doing the most innovative things in the supply chain. An iGPU (integrated graphic processing unit) is a current example. But I think we’ve taken it to a more extreme level.

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Why Procurement Professionals Should Learn About S&OP

SCMDOJO

Procurement People should learn the Sales & Operations Planning (S&OP) Process. Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies.

S&OP 97
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New Study Shows Global Trade Compliance Is Not Slowing Down Any Time Soon

Logistics Viewpoints

Three major trends are driving growth in this industry whichcan be attributed to regulatory pressures such as the Uyghur Forced Labor Protection Act, advancements in AI, and supply chain innovations. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions.

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How Procurement can help to drive Supplier-led innovation

ivalua

This means companies are under more pressure than ever to innovate at pace. As a result, the role of the supplier has grown in importance – for example, much of the innovation in the aerospace market comes from suppliers rather than traditional aerospace firms. Cost-focused approaches block innovation.

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Freight Procurement is a Different Game

Logistics Viewpoints

Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. One master of freight procurement is Kyle Masters. Procurement ran a request for proposal event.