Remove Examples Remove Procurement Remove Strategy
article thumbnail

Developing Agile Procurement Strategies: Thriving Amid Global Trade Disruptions

Logistics Viewpoints

Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore.

article thumbnail

Inventory management takes center stage

DC Velocity

They’ve already been planning for months now to ensure they procure, position, sort, and store enough inventory to meet holiday demand. The most common strategy in the playbook for coping with such challenges is to stockpile inventory, says John Santagate, senior vice president, global robotics, at supply chain technology provider Infios.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Logistics Viewpoints

Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. Market Intelligence: Suppliers often have access to valuable business and supply market intelligence, which can inform a company’s strategy especially in the area of direct spend.

article thumbnail

Boston University’s Sourcing Transformation

Logistics Viewpoints

In 2017, a strategy consultant was hired to do a top-to-bottom assessment of the Boston University procurement program. Randall Moore was hired as the new chief procurement officer in May. Facilities sourcing and construction contracting were centralized in the procurement department. It was like a trip through Hell.

article thumbnail

Tariffs Are the New Normal: Boardrooms are Finally Demanding a Pivot to Real-Time Supply Chain Orchestration – by Mark Morgan, Kinaxis

Logistics Viewpoints

Others had already pressure-tested their supply chain strategies for moments like this. Scenario modeling, running what-if simulations to stress-test sourcing, pricing, and inventory decisions, has become a cornerstone of supply chain strategy. Lippert Components is a clear example. When the latest wave of U.S. They’re the norm.

article thumbnail

Outsmart Disruption with AI: Three Strategies for Supply Chain Resilience

Supply Chain Brain

AI also improves the efficiency and cost-effectiveness of supply chain operations, both in terms of automating processes, and finding ways to refine pricing strategies and take advantage of forecast trends. Combining these in the supply chain is the ideal way to advance beyond reactive strategies to proactive and even predictive ones.

article thumbnail

InterSystems READY 2025 – Modern Supply Chains, Practical Data Strategy, and Tools That Work

Logistics Viewpoints

Not just for IT departments or data scientists, but also for the people who manage daily operations, procurement leads, planners, and inventory analysts. This means it can: Embed semantic search into procurement or customer service workflows. Feed large language models with accurate, up-to-date information drawn from verified data.