Data, Deftness and Redefining Work: Three Rising Trends in Procurement
Supply Chain Brain
JULY 24, 2021
The combined effect of these three trends is reshaping supply chain procurement as we’ve traditionally known it.
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DAT IQ: The Metrics that Matter with Samuel Parker
The Logistics of Logistics
MAY 1, 2024
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. This segment is in the growth stage of its evolution, serving large enterprise brands and their Logistics, Procurement and Supply Chain teams.
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Advancing Transportation Procurement: The Shift From Spreadsheets to Software
FreightWaves SONAR
MAY 7, 2024
For shippers, the approach to transportation procurement is evolving. This approach is cumbersome and fraught with challenges such as limited visibility, inefficient data management and difficulties in bid analysis. This not only makes the process more efficient, but also reduces the likelihood of errors and enhances productivity.
Top Transportation Technology Trends
Logistics Viewpoints
DECEMBER 4, 2023
In transportation, digital freight procurement and asset tracking & data mining are in broad use. The post Top Transportation Technology Trends appeared first on Logistics Viewpoints. Even more cutting-edge solutions, solutions that may or may not prove their worth, include delivery drones and hydrogen vehicles.
GEP Procurement & Supply Chain Tech Trends Report
Advertiser: GEP
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?
NRF 2024: Supply Chain Data
Logistics Viewpoints
JANUARY 23, 2024
This year, a recurring theme that I saw was about using supply chain data to improve the customer experience across the entire value chain. Here are the ones that stood out to me, especially as it relates to supply chain data. The single data cloud runs on Snowflake, one of Blue Yonder’s partners.
How manufacturers can use ERP to improve the procurement process
SYSPRO Smarter ERP
MAY 30, 2022
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.
How AI and Machine Learning Changed Procurement Management
CLX Logistics
FEBRUARY 22, 2024
Procurement management stands at the crossroads of technological innovation and strategic decision-making. As organizations strive to enhance operational efficiency, mitigate risks, and capitalize on emerging opportunities, the role of Artificial Intelligence (AI) and Machine Learning (ML) in procurement has become increasingly prominent.
How manufacturers can use ERP to improve the procurement process
SYSPRO Smarter ERP
MAY 30, 2022
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.
Key Takeaways from SAP Spend Connect Live
Logistics Viewpoints
OCTOBER 24, 2024
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.
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7 Tips: A Guide to Mastering Procurement
Material Handling and Logistics
OCTOBER 30, 2018
It’s not news to anyone that digitization is a roaring trend and I’m here to say: embrace it. 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.
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Using data and AI to improve manufacturing
SYSPRO Smarter ERP
JULY 3, 2023
What is Machine Learning ML is the computing engine behind AI and gives computers the ability to make sense of, and learn, from data to perform specific tasks without manual interference. Nine areas where AI can help manufacturers There are several ways in which data and AI can be applied in the manufacturing industry. The Industry 4.0
Integration Chatbot: How Forwarders Can Streamline Procurement
RPA Labs
APRIL 14, 2022
In every mode of transportation, 2022 has revealed a rate trend that continues to increase. With minimal capacity at maximum cost, freight forwarders are looking for ways to streamline procurement, and leveraging an integration chatbot is one way to achieve that goal. How an Integration for Chatbot s Boosts Collaboration With Carriers.
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Navigating the Future: CLX Logistics’ Data-Driven Supply Chain Wisdom
CLX Logistics
NOVEMBER 13, 2023
The podcast, titled “Navigating the Future: Data-Driven Supply Chain,” served as a platform for CLX Logistics to underscore the pivotal role of data in shaping the future of supply chain operations.
Navigating Market Uncertainty with Sarah Bertram
The Logistics of Logistics
AUGUST 28, 2023
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
The Future of Supply Chain: Top 5 Supply Chain Trends in 2024
3PL Links
APRIL 29, 2024
Image source: Rawpixel | The Future of Supply Chain: Top 5 Supply Chain Trends in 2024 Managing the market’s intricacies will call for a proactive approach that goes beyond simply responding to demands as the halfway point of 2024 draws near. Top 5 Supply Chain Trends in 2024 1. However, technology alone is not sufficient.
Predicting Unpredictability: Expert Advice for 2024 Freight Operations, Benchmarking, and Procurement Preparation
CLX Logistics
NOVEMBER 21, 2023
When looking ahead to the future, it’s crucial to reflect on the past year, identify emerging trends, and strengthen strategies for benchmarking and procurement. This innovative approach translates data into actionable insights that help to unveil hidden patterns that would otherwise remain unnoticed. The outcome?
Top 6 Retail Trends & Supply Chain Planning Challenges in 2023
Logistics Viewpoints
JUNE 1, 2023
That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supply chain planning.
5 Key Trends in 2024 for Asian Manufacturers
SYSPRO Smarter ERP
JANUARY 29, 2024
Significant trends are emerging that manufacturers should be watching. These trends will make a difference to manufacturers internally, helping them to become stronger and more flexible to deal with future changes and disruptions. with AI will revolutionise how companies collect, process, and extract insights from IoT data.
LTL Freight Rates: Using data to improve annual contract negotiations
FreightWaves SONAR
APRIL 13, 2021
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. The incredible insights that accurate data has to offer combats volatility and unearths a clear understanding of what’s actually happening in the market. Those are the founding principles behind SONAR SCI Lane Acuity.
Direct Spend Management: A Checklist for Enabling Shared Value with Direct Suppliers
Logistics Viewpoints
OCTOBER 17, 2024
Four key reasons why suppliers are critical for managing direct spend Innovation and Product Development: Suppliers often have deep knowledge about the materials, processes, and industry trends that can drive innovation. This means involving procurement in the highest levels of strategic planning and decision-making.
2024: Planning for Success Amid the Uncertainty
Logistics Viewpoints
FEBRUARY 14, 2024
To examine supply chain management priorities, performance, and anticipated trends, APQC conducted its 10 th annual Supply Chain Management Priorities and Challenges research, including a survey of more than 350 supply chain professionals from around the world and across multiple industries.
5 shipping trends for 2021 for carriers to know
FreightWaves SONAR
JANUARY 5, 2021
With the havoc 2020 caused, can shipping trends get any worse? And demands for 2021 already reveal strife in procurement in the shipping industry and visibility through all operations, including carrier troubles. Preparation becomes the name of the game in shipping trends, and being ahead becomes the new normal.
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Unlocking Logistics Profits with Matt McKinney
The Logistics of Logistics
DECEMBER 6, 2023
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.
Freight Market Data Sources
FreightWaves SONAR
APRIL 16, 2024
(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freight data insights. Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. And as mentioned, that TMS data becomes a key SONAR data source.
Coupa Leverages Community Intelligence to Power AI
Logistics Viewpoints
MAY 13, 2024
This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. The public cloud gives Coupa visibility to $6 trillion in transactional data that passes through their platform. “15 The best data makes for the best AI.
SONAR Indices & Insights: Improve Freight Shipping Procurement with SONAR SCI’s Lane Acuity Plus
FreightWaves SONAR
MARCH 15, 2021
Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. Advancements in tender data science and paid market data now power SONAR SCI (Supply Chain Intelligence) Lane Acuity Plus.
The Perfect Procurement Plan: Why Visibility Into the Supply Chain Is Important
Turvo
AUGUST 31, 2021
With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers. Why Poor Visibility in Grocery Procurement Plans Lead to Big Issues.
Top 10 SCM Trends for 2024
Logistics Business Magazine
NOVEMBER 24, 2023
Ralf Duester, board member of the Bochum-based SCM software specialist Setlog, shows which trends will be important in 2024. His statements are based not only on discussions with experts from the industry and research, but also on data from Setlog customers who use the SCM tool OSCA. At a glance: The top ten SCM trends in 2024 1.
Predicting Unpredictability: Expert Advice for 2024 Freight Operations, Benchmarking, and Procurement Preparation
CLX Logistics
NOVEMBER 21, 2023
When looking ahead to the future, it’s crucial to reflect on the past year, identify emerging trends, and strengthen strategies for benchmarking and procurement. This innovative approach translates data into actionable insights that help to unveil hidden patterns that would otherwise remain unnoticed. The outcome?
[INFOGRAPHIC] Procurement Trends: Carving a Bigger Role in Supply Chain & Manufacturing
GlobalTranz
FEBRUARY 19, 2016
As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work. Why Is Technology Driving Procurement Trends and the Role of Procurement?
5 transportation Procurement & Benchmarking Trends to Keep Costs Down in 2019
CLX Logistics
APRIL 26, 2019
For companies willing to embrace opportunities for improvement across the entire supply chain, here’s a look at the top transportation procurement and benchmarking trends. The good news is, shippers have more access to data than ever before, which brings us to trend number two. Hiring data scientists?
Supply Chain Trend Predictions
Logistics Business Magazine
DECEMBER 13, 2023
Mark Morley, Senior Director, Product Marketing at OpenText , provides his supply chain trend forecast for the year ahead. In 2024, we will see more companies looking to obtain greater value and insights from the data being exchanged across their business ecosystem.
Truckload rates: Using data predict and prepare spot vs. contract bids and RFPs
FreightWaves SONAR
APRIL 5, 2021
Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. Tracking market trends within truckload rates relies heavily on data and analysis. Data-driven insights provide a rubric for guiding RFP processes.
Robotic Process Automation in Supply Chain
Logistics Viewpoints
JULY 24, 2024
Robotic Process Automation Deployment According to the APQC data, organizations are exploring Robotic Process Automation across a number of supply chain areas, including supply chain planning, sourcing and procurement, logistics and warehousing, and manufacturing.
How to Unlock Value of Data-driven Logistics
Logistics Business Magazine
AUGUST 15, 2023
The ability to tap into data is critical to business success – from predicting sales trends to improving operations and customer service, writes Stephan Sieber (pictured), CEO at Transporeon. It’s not enough to just have access to data.
Nine Key Steps to Enabling Resilient Supply Chains
Logistics Viewpoints
DECEMBER 14, 2023
And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. For this to happen, finance needs to be in lockstep with procurement.
Transportation Technology Procurement: How to Get all Stakeholders Onboard to Secure a TMS Budget
MercuryGate
APRIL 1, 2021
And the first step that supply chain managers must implement to align organizations with modern trends is to understand transportation technology analytics. At the heart of many successful companies lies shareholder support for the supply chain network and the effective use of data, especially concerning those solutions that […].
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[INFOGRAPHIC] Expert Reveals 7 Supply Chain Trends to Watch
GlobalTranz
APRIL 6, 2015
Look at these 7 supply chain trends as a guide to better your supply chain today. In this article, Professor Burcu Keskin from University of Alabama will share 7 supply chain trends that working professionals should watch. INFOGRAPHIC] 7 Supply Chain Trends as Laid out by Supply Chain Expert. 2) Connected supply chains.
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The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean
GlobalTranz
JANUARY 10, 2017
From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The State of Supply Chain 2016 Trends. The move to agile supply chain management inherently required more data sources than traditional supply chains, reports GT Nexus.
Tapping IoT Data to Drive Last-Mile Delivery
IoT World Today
MARCH 18, 2020
A case in point is last-mile delivery, an area where IoT (Internet of Things) data may not yet be fully tapped. This quest places attention on another “last mile”: the final stretch in the IoT data chain, where business users cull IoT sensor data to make decisions on the most efficient means to move freight to its destination. .
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[INFOGRAPHIC] FreightWaves SONAR spot freight market data sources
FreightWaves SONAR
APRIL 2, 2021
(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freight data insights. Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. And as mentioned, that TMS data becomes a key SONAR data source.
Why accurate predictive freight rates are only possible with holistic and real-time data
FreightWaves SONAR
MARCH 22, 2021
Big data and predictive freight rates in the digital supply chain are nothing new. Nearly all shippers, brokers and carriers collect and use data to derive insights, including predictive rates. Unfortunately, the most robust applications of that data will quickly diminish in value as data ages.
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5 Supply Chain Trends to Watch in 2021
Stord
DECEMBER 9, 2020
Many of the trends and changes we expect to see in 2021 are largely driven by the supply chain weaknesses and gaps identified in 2020. These brands were relying on 3PLs more than ever to handle the increased supply chain complexity, which in turn meant layering their technology stacks on top of one another, creating data and planning siloes.
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