SIPMM Professional Publications

JULY 11, 2019

Today, companies are increasingly recognizing the importance of sustainable procurement. According to a global study, 2017 Sustainable Procurement Barometer, conducted by EcoVadis and HEC, 97% of the surveyed supply chain professionals from a total of 120 companies regard sustainable procurement as highly important.

Procurement 114

Procurement Strategy Survey Study 114

SIPMM Professional Publications

APRIL 4, 2019

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.

Procurement 145

Procurement Survey Strategy 145

Shipsta

MARCH 11, 2022

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.

Price Reduction 130

Price Reduction Procurement Strategy Freight 130

Logistics Viewpoints

MARCH 19, 2025

This article outlines key factors driving supply chain change, the limitations of outdated strategies, and how Walmart is restructuring its supply chain using AI and automation.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.

Supply Chain Software 97

Supply Chain Software Supply Chain Planning Software Inventory Reduction Cost Reduction 97

The Logistics of Logistics

JULY 27, 2022

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.

Logistics Network Optimization Software 367

Logistics Network Optimization Software Modeling Software Supply Chain Software Procurement 367

The Logistics of Logistics

MAY 1, 2024

DAT iQ provides freight intelligence to inform your budget and procurement strategies 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.

Optimal Sourcing 370

Optimal Sourcing Logistics Network Optimization Software Sourcing Strategies Negotiating Skills 370

Shipsta

JULY 29, 2021

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.

Procurement 130

Procurement Freight Strategy Logistics 130

Logistics Viewpoints

OCTOBER 17, 2024

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.

Supply Chain Planning Software 115

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 115

The Logistics of Logistics

SEPTEMBER 25, 2023

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.

Optimal Sourcing 448

Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 448

SIPMM Professional Publications

FEBRUARY 15, 2020

Successful procurement strategy 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.

Optimal Sourcing 122

Optimal Sourcing Procurement Cost Reduction Optimization Software 122

Shipsta

JANUARY 18, 2022

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.

Procurement 130

Procurement Cost Reduction Freight Strategy 130

Logistics Viewpoints

NOVEMBER 25, 2024

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.

Purchasing Skills 118

Purchasing Skills Sourcing Strategies Sourcing Procurement Solutions 118

The Logistics of Logistics

JANUARY 13, 2023

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.

Manufacturing Procurement 366

Manufacturing Procurement Optimal Sourcing Procurement Solutions Purchasing Skills 366

Supply Chain Brain

JUNE 30, 2024

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.

Sourcing Strategies 109

Sourcing Strategies Procurement SAP Strategy 109

Shipsta

JUNE 3, 2024

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.

Optimal Sourcing 130

Optimal Sourcing Procurement Freight Optimization 130

SIPMM Professional Publications

OCTOBER 17, 2019

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.

Procurement 112

Procurement Purchasing Supply Chains Strategy 112

The Logistics of Logistics

FEBRUARY 11, 2022

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.

Cost Reduction 370

Cost Reduction Manufacturing Procurement Supply Chain Software Logistics Network Optimization Software 370

Shipsta

OCTOBER 22, 2024

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:

Procurement 130

Procurement Freight Strategy 130

SIPMM Professional Publications

JULY 25, 2020

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 107

Procurement Material Savings Purchasing Strategy 107

Shipsta

NOVEMBER 25, 2021

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!

Procurement 130

Procurement Freight Strategy 130

Shipsta

MAY 27, 2021

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.

Optimal Sourcing 130

Optimal Sourcing Procurement Resource Reduction Data 130

Shipsta

NOVEMBER 5, 2021

No matter how well you plan your procurement strategy, spot buying will always be a necessary part of your processes.

Procurement 130

Procurement Strategy 130

Logistics Bureau

OCTOBER 11, 2024

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.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 98

The Logistics of Logistics

JUNE 29, 2022

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.

Supply Chain Planning Software 369

Supply Chain Planning Software Optimal Sourcing Optimization Software Supply Chain Software 369

SYSPRO Smarter ERP

AUGUST 14, 2020

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.

Manufacturing Procurement 119

Manufacturing Procurement Procurement Material Savings Cost Reduction 119

Talking Logistics

JANUARY 16, 2020

Truckload rates and capacity should not create concerns for shippers managing a proper procurement strategy 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.

Cost Reduction 118

Cost Reduction Strategy Procurement Trends 118

Supply Chain Brain

MAY 14, 2024

Rising geopolitical tensions, climate change and global commerce disruptions are making the jobs of chief procurement officers harder than ever.

Procurement 95

Procurement Strategy Supply Chains Data 95

Supply Chain Brain

MAY 19, 2024

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.

Sourcing Strategies 111

Sourcing Strategies Manufacturing Procurement Sourcing Strategy 111

Logistics Viewpoints

MARCH 26, 2025

Let’s examine Amazon’s approach as well as the limitations of traditional supply chain planning, the operational benefits of AI, and the necessary steps for implementing AI-driven strategies. AI-driven procurement tools analyze pricing trends and supplier performance to negotiate better contract terms.

Supply Chain Planning Software 83

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Scenario Planning 83

Logistics Bureau

DECEMBER 9, 2020

For small companies, it is usually enough to have one person dealing with procurement but in large enterprises teams of people are needed, all with specific roles to play. The Finance Manager , on the other hand, controls the financial input and output of the procurement division. How Large Procurement Teams Operate.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Procurement Purchasing Skills 98