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In a survey we conducted in October 2020, 91% of our Indago supply chain research community members, who are all supply chain executives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
By becoming more data driven in their decision making. That is the focus of a multi-part video seminar we are producing in partnership with Transporeon (a Talking Logistics sponsor) on data-driven decision making. The seminar is based on the research report “From Gut Feelings to Data-Driven.
Ryan is the Co-founder and CEO of GoodShip , an all-in-one platform for supply chain 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. Ryan Soskin and Joe Lynch discuss insight to action.
John is the Co-founder and COO of ISO , the only neutral platform that provides shippers, brokers and carriers with the ability to measure the total cost of transportation procurement. ISO helps customers measure the hidden costs of service, supercharge carrier procurement, and build stronger network relationships with more accountability.
And for procurement and supply chain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supply chain for the year ahead?
The company aims to change this with the expansion of its data fabric portfolio. A supply chain data fabric can help companies augment their supply chain processes. Now companies are trying to collect data from multiple tiers of a supply chain in near real-time. Decisions need to be digitized.
AI helpsprocurement specialists to solve complex problems and enormous data more effectively by using software applications and smart computer algorithms. The post Artificial Intelligence (AI) in Procurement for the Hotel Industry appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management.
Thanks to ongoing innovation in technology, systems integration, and cloud networks, we have more data available today than ever before. But how can companies turn this abundance of data into actionable insights to make smarter and more effective operational and procurement decisions? That is the key question.
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. DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility.
As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains.
Your own data is your best resource for improving your freight procurement strategy. It gives you the most accurate insights into which carriers offer you the best quotes and meet your business needs.
With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.
Today, supply chain and logistics professionals are awash in all kinds of data. One area in particular where data plays a critical role is in transportation procurement. How does analyzing data effectively connect. Read more Supply Chain’s Most Profitable Four-Letter Word: Data.
As a broker insider, Mike saw first-hand how antiquated the freight procurement process was for manufacturers, retailers and distributors. Also, when shippers engage directly with the carriers using Sleek they gain access to their shipping data and insights into the freight market that they might not get if they had a broker.
Procurement leaders are at a pivotal moment. Download The 2025 Annual ProcureCon CPO Report to uncover key insights to thrive in a dynamic procurement landscape. With CPOs playing an increasingly strategic role, it’s time to leverage innovation and technology to drive resilience and efficiency.
Verusen utilizes advanced data science and artificial intelligence to harmonize disparate material data across multiple enterprise systems to provide complex supply chains with material truth for supply and inventory planning and procurement intelligence. The Greenscreens.ai
Marc is the Co-founder and CEO of Fishtail, a Boston based fintech company that empowers freight forwarders to finance the movement and procurement of goods – for small and medium businesses (SMBs) around the world. Marc Held and Joe Lynch discuss the Fishtail story. About Marc Held. About Fishtail. Key Takeaways: The Fishtail Story.
A data-driven, technology-enabled approach is required to build resilience and efficiency. AI-driven analytics, machine learning, and robotics are improving procurement, inventory management, logistics, and supplier negotiations. Walmart is also implementing AI-driven logistics and procurement.
Digital freight procurement is the use of digital technologies to rapidly source, compare and analyse bids from carriers. By automating complex tasks and providing greater visibility of data, digital freight procurement helps businesses control freight cos ts and manage risk in their supply chain.
Lynch and his team leverage data intelligence and strong industry relationships to help clients uncover transportation savings, build scalable supply chain strategies, and ace retailer compliance programs.
With recent developments and continued volatility in the transportation industry, most procurement and logistics leaders have understood how essential it is to infuse their end-to-end freight process with relevant insights and additional execution power.
Traditional supply chain planning, which relies on historical data and reactive adjustments, is no longer adequate for managing these challenges. AI as a Predictive Tool AI-driven supply chain planning integrates machine learning, real-time data analytics, and external risk monitoring to anticipate disruptions before they materialize.
Readers will also find key suggestions from procurement leaders in the healthcare space on how to prepare for the future. This report, produced by Worldwide Business Research, explores the progress companies have made toward supply chain digitization and logistics maturity.
LeanDNA is a cloud-based supply chain execution platform that helps discrete manufacturers digitally transform their procurement operations. The company centralizes data from multiple sources to manage inventory, simplify change management, and improve data quality. The Greenscreens.ai
While SAP has had procurement analytics solutions, last year at Spend Connect Live, SAP announced the Spend Control Tower. Daniel Chapman, the senior director of process transformation for procure to pay at Warner Music, was a keynote speaker. This solution provides insights in a much easier way to digest.
Expertise in operations, LTL pricing and procurement, flatbed operations, dry van, tracking and tracing, reality tv shows and how to turn a stranger into your new best friend. FreightWaves isn’t called the Bloomberg of Freight for nothing – they have actionable data that enables better decision making for carriers, shippers, and 3PLs.
Speaker: Laura Garcia, Sr. Editor at Supply Chain Digital and Procurement Magazines
During this webinar, we’ll discuss how to take an objectives-first approach and demystify some of today’s hottest tech such as IoT, AI, and Big Data and show you how they can help build resiliency, unearth competitive advantages and optimize bottom-line results by: Fostering innovation. Implementing strategic procurement strategies.
Adopt a Holistic Direct Spend strategy Move beyond isolated tactics and adopt a holistic, approach to direct spend that integrates sourcing, contract management, procurement and invoicing. This means involving procurement in the highest levels of strategic planning and decision-making.
Her supply chain and traditional G&A consulting background bring a unique perspective to clients who must work across their organizations to drive supply chain initiatives with Procurement, IT, Operations, and the C-suite. At DAT, she has been instrumental in growing the shipper practice. The Greenscreens.ai
As the landscape of supply chains grows increasingly complex and data-driven, the role of artificial intelligence becomes more critical in streamlining procurement processes.
Learn how to organize your data operations in alignment with supply chain strategy. Complex supply chains generate more data, which companies can use to drive greater efficiency or engage in innovation that disrupts an entire industry—think Amazon. More data is coming in than ever before.
Speaker: Adam Robinson, Director of Marketing, Cerasis
We’ll address how automation in the supply chain will provide employees with the following: More Strategic Procurement. Using Automation Driven Data for Improved Actionable Insights. Find Freight Capacity & Reduce Freight Costs with Automated, AI, & Blockchain Driven TMS. We look forward to having you at this webinar! AM PST, 2.00
Having studied engineering at USC and Stanford, Matt is no stranger to complex data problems. When he’s not wrangling unstructured data, you can find him running, biking, or playing with his two sons. About Loop Loop is on a mission to unlock profits trapped in the supply chain and lower costs for consumers.
But by implementing data driven maintenance strategies these cost, performance, and environmental impacts can be greatly reduced. An intelligent data-driven approach Maintenance doesn’t have to be this arbitrary. None of this is good for sustainability.
One of the biggest paradoxes in logistics is that data is an essential part of the freight procurement process, yet so much of it is left lying dormant and underutilised.
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.
Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Data-driven decision making with ERP as a single source of the truth.
There’s certainly a lot of data in supply chain and logistics. Some companies drown in it, while others find a way to convert data into business value. One area where data plays a critical role is in transportation procurement. How does data connect to procurement connect to profitability?
Parade helps carrier sales teams procure and manage carriers, boost rep productivity, and increase margins. Winning More Bids: Parade’s data-driven insights help brokerages price competitively and win more deals, boosting bottom lines. Shipper sales teams get precise pricing, optimized bidding, and advanced shipper connectivity.
Data is the lifeblood of AI in the supply chain. Without sufficient data, AI models can’t uncover meaningful patterns, make accurate predictions, or provide valuable insights for informed decision-making in complex and dynamic environments. At the same time, feeding your AI models too much data can also be a problem.
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