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We recommend leveraging these workstreams, based on Gartner’s 4 Workstreams for Successful Implementation of Any Procurement Application to maximize the impact of your next large-scale procurement implementation: 1. Ivalua Spend Management Insights [ivory-search] Get Ready for Success!
This past February we asked members of our Indago supplychain research community — who are all supplychain and logistics executives from manufacturing, retail, and distribution companies — “Is your company using Artificial Intelligence in its supplychain or logistics operations?”
Supplychaintechnology is a difficult, exhilarating topic to cover in detail. Supplychain managers will focus on several key supplychaintechnology implementations or considerations which will impact consumer spending habits, consumer-business interactions and performance measurement.
Subscribe to SupplyChain Game Changer. SupplyChain Investment Challenges – Real and Imagined! Intelligent SupplyChaintechnologies article and permission to publish here provided by Dan Weinberger , UN SupplyChain Expert and CEO of Morpheus Network. Blockchain Technology.
SCMDOJO Academy elevates your procurement and supplychain skills through its extensive course library. Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students.
Supplychain and procurement have undergone a seismic change in recent years. Increased globalization, constant digital transformation, and ever-evolving consumer demands have led to a situation where traditional supplychain skills are simply no longer enough for success.
In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. When Covid-19 hit, supplychains across the globe nearly came to a halt.
We decided 8 or 9 years ago that to create a competitive advantage, we really needed to control much of our supplychain. We’ve taken the same hybrid approach from a supplychaintechnology perspective. I’m responsible for the overall digital transformation, including technology.
The roles of logistics and procurement in an efficient supplychain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. The age of technology has the potential to dramatically reduce inefficiencies in the supplychain.
Last week, Clint Reiser published an article highlighting our 2022 supplychain predictions. While we have published predictions about supplychaintechnology trends at the beginning of the year in past years. This year we have decided to lead with our predictions about the broader supplychain function.
Business intelligence tools can use this visibility and other information to help shippers act more strategically by procuring the most efficient, cost-effective carrier services. Procurement teams play an incredibly important role. Critical insights gleaned from business intelligence also need to be incorporated back into the system.
Collaborate across departments: Engage stakeholders from different departments within the organization – not just supplychain management including logistics and procurement but sales, marketing, and finance.
Ryan is the Co-founder and CEO of GoodShip , an all-in-one platform for supplychain analytics, carrier management, and transportation procurement About Ryan Soskin Ryan Soskin is a 13 year logistics veteran and three time startup unicorn alum with a long history in freight tech. years and a $1.8B
Today, supplychain excellence matters more than ever. During the pandemic, the supplychain discussions take new importance. While the supplychaintechnology market lost its allure at the start of the last decade, it is now cool again. The supplychaintechnology market is responding.
Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. Ensuring supply continuity requires timely and open sharing of information.
If you were tasked with procuring the best supplychain IT system, what would you look for? The New Technology Stack: Beyond ERP, APS, and SCM Todays supplychaintechnology landscape has moved far beyond the old ERP-APS-SCM triangle.
, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips.
Mike is a Client Engagement Director at JBF Consulting , a supplychain execution strategy and systems integrator for logistics-intensive companies of every size and any industry. Mike has extensive experience in Transportation and Logistics from procurement through operations leadership spanning 25+ years. About Mike Wolf.
Maddox is responsible for engaging with shippers offering tools that empower meaningful logistics relationships through its award-winning Freight Procurement Platform. Transforming the $800 billion freight industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform.
DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility. This segment is in the growth stage of its evolution, serving large enterprise brands and their Logistics, Procurement and SupplyChain teams.
Experiencing the negative effects of overextended supplychains and lean manufacturing, merchants are looking to forge a balance between JIT and JIC purchasing models that reduces risk and maintains profit margins. What is just-in-time procurement? What is just-in-case procurement? Advantages.
As I highlighted last week in “Negotiating With A Chatbot: A Walmart Procurement Case Study,” despite all the hype surrounding Artificial Intelligence (AI), relatively few companies are using AI in their supplychain or logistics operations today. When it comes to adopting AI in supply.
Amplio helps you meet your production goals by removing procurement roadblocks – the software assesses your BOMs’ sourcing risk, locates inventory for you, and recommends optimal purchasing strategy so that you get the components you need at the best price. Streamline procurement. Access diverse sources of supply.
Supplychain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. Let’s break down these key components: Procurement: This is where it all begins.
Business complexity is rising and teams are trying to get to data and align the organization against supplychain objectives. Disparate systems and gaps in supplychaintechnologies lead the list. Supplychain talent falls midway on most lists. It is not easy.
Maggie is the Vice President of Strategic Initiatives at Emerge , a company that is Reinventing Freight Procurement. Emerge ’s award-winning marketplace provides access to direct capacity and live market conditions helping shippers and carriers make the strongest, most beneficial decisions when procuring domestic freight.
The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supplychain management.
My Perspective and Point of View Traditional supplychaintechnologies depend on relational database structures. Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. I term this our data jail.
As supplychain professionals, we often fall into the trap of creating a functional checklist procurement can then turn into a scoring model for new vendors. Your supplychaintechnology should not be a bottleneck. I nstead, think in terms of capabilities. Ask around. . It should be an enabler.
To read more about this subject, I suggest you read the new whitepaper, SupplyChain’s New World Order” , where I discuss the cloud, S&OP, and why a holistic approach is needed for supplychain management. The post Why the supplychain should be more social appeared first on The Network Effect.
Never one to be satisfied with the status quo, Inna is focused on helping companies improve the application of supplychaintechnology to maximize customer experience and profitability. Her success as a leader both reflects and propels women’s advancement not just in supplychain, but in the professional world in general.
Bob Ferrari, supplychaintechnology industry analyst and Founder and Executive Editor of this platform will also be attending this event and looks forward to catching up with readers. Readers should utilize promo code XR2025 during registration, to waive the $995 ticket fee.
The network effect is at the heart of supplychain transformation. Essentially, the network effect exists when all components of the supplychaintechnology ecosystem work together to improve the performance of the end-to-end supplychain. This is where the true power of time slot management exists.
What Are SupplyChain Leaders Clamoring For? This week I met with a venture capitalist team that is heavily invested in supplychaintechnologies. The world of supplychaintechnologies historically was a nightmare for the investment world. Is Efficiency A Meaningful Goal?
LeanDNA helps manufacturers to improve their supplychain efficiency and agility, while also reducing costs and improving customer satisfaction. LeanDNA is a cloud-based supplychain execution platform that helps discrete manufacturers digitally transform their procurement operations.
Here is the list: Supplychaintechnology implementations have reduced inventory. Companies should implement supplychain best practices. Companies that have focused on collaboration in the supplychain have built competitive advantage. ” I played three lies and a truth with the group.
Procurement Director. Jian works as a Director of Procurement at Fannie Mae. She leads a team that is tasked with identifying, designing, and implementing best practices and innovative solutions in support of corporate procurement’s delivery of business objectives and performance excellence. REGISTER NOW. Jian Xu, Ph.D.,CSCP.
It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. The last phase of the process, also known as Procure-to-Pay includes the ordering of goods/services, receiving of these, invoicing and payment to suppliers.
Today, nine out of ten supplychains are stuck. Despite two decades of advancement in supplychaintechnologies, companies are struggling to gain balance at the intersection of operating margin, inventory turns and case fulfillment. These technologies are applicable to solve many problems.
A recent webinar hosted by SupplyChain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives. She also explained how Ivalua was instrumental in making that happen.
A recent webinar hosted by SupplyChain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives. She also explained how Ivalua was instrumental in making that happen.
Improvements in End-to-End Decision Making: Procurement and transportation operate today in silos. In today’s systems, planned orders are consumed by manufacturing but the flows are disconnected from procurement and transportation. As a result, there is no good way to make trade-offs between source, make and deliver constraints.
The Procurement Link. Grant solicitations are much like procurement solicitations in that, to be successfully managed, require contracts, budget tracking, purchase orders, invoicing, and audit preparedness. Prior to joining Ivalua, Sean held sales and operational leadership roles in several supplychaintechnology organizations.
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