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Mark Baxa , John Delgado and Joe Lynch discuss supply chain shock waves: strategies for survival and success. Practical Strategies for Survival and Success: Discover actionable strategies and insights from Mark Baxa and John Delgado to help your organization not only survive but thrive amidst the ongoing supply chain shock waves.
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.
AI in supply chain automation is gradually reshaping how core functions operate, particularly in procurement, warehousing, and logistics. Key Insight: The use of AI in supply chain automation is producing tangible benefits across procurement, warehousing, and logistics.
Read more The post How Shippers Can Uplevel Their Real-time Transportation ProcurementStrategies? That’s a lyric from one of my favorite Oingo Boingo songs, and I think it perfectly describes the world of supply chain management — and the transportation market in particular, which has taken many turns over the past few years.
By 2027, Gartner predicts that 40% of sourcing will be handled outside of the procurement function. How can procurement pros ensure that the process is efficient and unified for all users? For a synchronized and democratized approach to procurement, leaders are embracing total procurement orchestration solutions.
For many years, public procurement was perceived as an administrative, back-office function. The post Essential Strategies for Public Procurement Practices appeared first on SIPMM INSTITUTE.
The post Six Key Strategies to Avoid Procurement Fraud appeared first on SIPMM ACADEMY. While fraud comes in many forms, it can be majorly categorized into asset misappropriation, financial statement fraud, and corruption. Most of these fraud categories are internal.
Brad serves as the Senior Director of Customer Strategy at Emerge , the leading freight procurement platform. Transforming the $800 billion freight industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform. About Brad Wheeler. Key Takeaways: The FreightTech Dilemma.
Procurement fraud is a growing global problem. Procurement fraud relates to purchasing goods, services or commissioning construction projects from third parties. The post Fraud Prevention Strategies for Construction Procurement appeared first on SIPMM INSTITUTE.
Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends?
Sustainable procurement has been introduced to a public and private organization for decades and it has now become a “must have” key element to integrate in business strategy for company competitive advantages and sustainable development. The post Key Considerations for Sustainable Procurement appeared first on SIPMM INSTITUTE.
The combination of global crises, high shipping rates and port congestion has made it the go-to strategy for most forward-thinking shippers. Moving away from large annual bids to small surgical bids targeting your heaviest and most volatile lanes, allows you to adjust your strategy quickly when prices change or disruptions occur.
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Were raising the bar.
This article outlines key factors driving supply chain change, the limitations of outdated strategies, and how Walmart is restructuring its supply chain using AI and automation. AI-driven analytics, machine learning, and robotics are improving procurement, inventory management, logistics, and supplier negotiations.
One policy shift and your sourcing strategy is upside down. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
Mark McEntire is the Senior Vice President of Operations at Emerge , a freight technology firm that is reinventing freight procurement. Transforming the $800 billion trucking industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform. Key Takeaways: The Secret Sauce.
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.
The term ‘autonomous freight procurement’ is thrown around a lot in logistics today. However, it’s far more than just a buzzword, it’s the one of the most exciting and game-changing developments in the shipping world today.
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.
Without the right strategy, enterprises face hidden risks and unnecessary spend. Tail spend — often unmanaged, fragmented and costly — can account for as much as 80% of total transaction volume. It’s time to shift from fragmented, ad hoc purchasing to a strategic, technology-driven approach.
Paul is the Founder and Chief Strategy Officer of Verusen , a supply chain intelligence platform, purpose-built to help manufacturers streamline their MRO supply and materials management. About Paul Noble As Founder and Chief Strategy Officer of Verusen, Paul Noble oversees the company’s vision and strategic direction.
Successful procurementstrategy benefits are usually derived from adequate and efficient procurement procedures that achieve cost optimizing that meet user requirement. Satisfactory procurement activities are resulted in three major advantages: (1) cost savings, (2) product effect, and (3) technology development commitment.
Procurement and sustainability functions often operate independently, leading to inconsistencies when ESG criteria are applied during sourcing and supplier management. Legacy procurement systems pose challenges, as they were not designed to capture and manage ESG-related data. Companies also face internal coordination issues.
Freight procurement threw some big surprises at us in 2021. From the blockage in the Suez Canal to dramatic freight shortages throughout the year – it certainly kept us all on our toes.
With disruptions looming, procurement and supply chain managers are stepping up their game. This new report from The Economist and GEP explores how procurement and supply chain professionals are responding to shifting business dynamics. What new tools and strategies can help? No wonder, resilience is a top priority today.
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. Key Takeaways: The Amplio Story.
DAT iQ provides freight intelligence to inform your budget and procurementstrategies 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 Supply Chain teams. Samuel has his B.A.
In this webinar, procurement technology experts from Spend Matters and the SAP Ariba team share how advancements in AI are being used right now and attendees will walk away with a summary of real-life source-to-pay use cases that are or can be enhanced by AI.
Learn how to optimize fuel surcharge management in freight procurement with 5 key strategies. Discover how SHIPSTA can help you stay ahead of market changes.
What are the risks for procurement in 2023? Read the GEP Spend Category Outlook 2023 report now to build successful spend management strategies across 22 indirect & direct categories. What should leaders do to deliver value amid uncertainties?
Measuring procurement performance is an important role in an organization especially in supply chain during an economic downturn. The post Key Indicators for Measuring Procurement Performance appeared first on SIPMM INSTITUTE.
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. third-party?logistics.
In late 2021, I (together with the rest of the freight world) witnessed Trans-Pacific ocean freight rates skyrocket to $20,000 per FEU, up from $1,500 just 18 months earlier. This unprecedented volatility wasn’t an exception. Over the next four years, this volatility would stem from factors like:
Having sustainable procurement in building industry as the acquisition of product or services which can minimize or provide positive environmental impact throughout the factoring of environmental concerns into major purchasing strategies, policies, directives and practices. A quieter part of […].
Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Finally, there’s some breathing room, and the opportunity to create long-term strategy, build resilience and explore the growing potential of artificial intelligence.
When you’re running a global procurement team, finding time to discover new and innovative strategies can be tough. But it’s the leaders who keep up with the latest ideas and are always learning who come out on top, especially in today’s complex freight procurement market!
Your own data is your best resource for improving your freight procurementstrategy. It gives you the most accurate insights into which carriers offer you the best quotes and meet your business needs.
Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.
CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. “What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action.
Mike is a Client Engagement Director at JBF Consulting , a supply chain 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.
Among the strategies that businesses are adopting during this time in order to keep costs in check and reduce the size of layoffs, is to focus on procurement to maintain ongoing supplies of materials and components, and to […]. The post 6 Challenges Facing Procurement and How to Address Them appeared first on SYSPRO US.
Truckload rates and capacity should not create concerns for shippers managing a proper procurementstrategy during the first half of 2020. Read more Truckload Tactics for 2020: Balance Strategy to Control Cost. Emerging brokerage offerings can add confusion to these market complexities.
Manufacturers are rethinking their sourcing strategies, and for that exercise the chief procurement officer occupies center stage. But there’s another executive who’s playing an equally vital role.
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