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Supplier Onboarding is Core to a Digital Supply Chain Transformation

Logistics Viewpoints

The most common form of trading partner collaboration is purchase order collaboration. With PO collaboration, buyers send digital purchase orders over the network to suppliers or other trading partners. The company uses a process monitoring tool called Celonis. Getting the buy-in of the material managers helped with this.

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Schneider Electric’s Supply Chain Design Journey

Logistics Viewpoints

One essential tool used by the supply chain team is supply chain design. One key tool they use to accomplish this is a supply chain design solution from Coupa. As Schneider Electric matured with the network design tool, they also found they could drive savings through shipment consolidation.

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Key Takeaways from SAP Spend Connect Live

Logistics Viewpoints

It is a brilliant tool.” Business Network Takeaways While Business Network rolls up into the spend management product development organization, the trading partner collaboration this platform covers extends beyond just sourcing. SAP’s Business Network is a supply chain collaboration network.

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Effective Supplier Collaboration Is Critical

Logistics Viewpoints

McKinsey, the global consulting firm, has done research and writing on supply chain collaboration. In one McKinsey survey of more than 100 large organizations in multiple sectors, companies that regularly collaborated with suppliers demonstrated higher growth, lower operating costs, and greater profitability than their industry peers.

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Direct Spend Management: A Checklist for Enabling Shared Value with Direct Suppliers

Logistics Viewpoints

When companies collaborate closely with suppliers, they can co-develop new products and improve existing processes, leading to competitive advantages in terms of product differentiation. Work with Direct Spend Suppliers to Develop Mutually Beneficial Opportunities Collaborate with direct suppliers to identify opportunities for shared value.

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Shipsta by Freightos Introduces Rate Refresh: The Future of Agile Procurement in 2025

Freightos

For example, PUMA , the fastest sports brand in the world, first used Rate Refresh in July and has seen significant improvements in efficiency, speed, and quality of the complete rate management on a global scale. As the global freight market continues to evolve, so too will the tools that drive it.

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Mastering Disruption: A Smarter, More Connected Approach

Logistics Viewpoints

Most supply chain and logistics teams have recognized that the only way to combat todays incredible level of uncertainty is by adopting and applying digital tools. The pace and scope of supply chain disruption are beyond human cognition, manual analysis, and consumer-grade spreadsheet tools.