This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore.
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.
The once-traditional freight procurement function is now facing a tsunami of unprecedented change. And in its stead, embrace artificial intelligence (AI) platforms that automate freight procurement workflows and extract information to drive smarter decisions.
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?
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.
Uncover critical industry challenges, emerging trends, and actionable plans to transform logistics obstacles into competitive advantages for your business.
Sustainability is one of the most important trends of our time that is set to dominate business discussions and decisions making for a long-term basis. The post Main Considerations for Sustainable Procurement appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management.
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?
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.
Read more The post Negotiating With A Chatbot: A Walmart Procurement Case Study appeared first on Talking Logistics with Adrian Gonzalez. More than two-thirds of the respondents (68%) said they weren’t using AI and.
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.
To navigate today’s dynamic environment, Procurement Leaders must isolate the trends impacting their function, unpack the challenges they pose, and prioritize the actions needed in response to shape their strategic plans now and into the future.
Supply Chain & Procurement: Key Trends, Challenges and Opportunities. Supply chain and procurement leaders need to know how to navigate an altered playing field and rethink their approach in 2022 in a never-normal world.
Rapid advancements in digital technologies nowadays and the application of these disruptive technologies in Procurement enables strategic sourcing become more predictive, transactional procurement become more automated, and supplier relationship management become more proactive.
Organizations examine past sales trends, apply seasonal adjustments, and make forecasts based on historical models. The companys AI models analyze sales trends, social media activity, economic indicators, and weather patterns to predict demand fluctuations. This reduces excess inventory while maintaining service levels.
The highly anticipated Chief Procurement Officer (CPO) Summit 2024 will be held on November 7-8 at the prestigious Four Seasons Resort Orlando at Walt Disney World Resort.
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.
In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI).
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. Consumer demand for ethical sourcing is also influencing corporate procurement strategies.
The procurement function in the construction industry has resisted change for many decades. But in recent years, new trends have proven a force to be reckoned with, as many organizations begin adopting and embracing new strategies in a bid to stay competitive.
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.
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.
Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. The GEP Outlook 2024: Procurement & Supply Chain report analyzes global business trends and explores seven vital leadership themes that will equip you to make the most of the year ahead.
Modern-slavery and human-rights due diligence should be integrated as part of a broader sustainable procurement program that encompasses environmental and ethical topics, as well.
Mike has extensive experience in Transportation and Logistics from procurement through operations leadership spanning 25+ years. Freight Tech Trends with Mike Mulqueen. About Mike Wolf. Mike Wolf is a Client Engagement Director at JBF Consulting. Learn More About Why Freight Tech Fails. Mike’s LinkedIn. JBF Consulting LinkedIn.
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.
Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski
Procuring freight can be cumbersome, time-consuming, and error-prone. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by streamlining bid processes and more!
Read more Current Trends in the Transportation Market and How to Respond. The post Current Trends in the Transportation Market and How to Respond appeared first on Talking Logistics with Adrian Gonzalez. Those words certainly could apply to the transportation market, especially this year. What is the current state of the market?
About Supply & Demand Chain Executive Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more.
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. Using ERP to improve purchasing transparency.
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.
Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst
You'll learn more about: Trending supply chain tech investments to consider. Procurement strategies in response to network delays and bottlenecks. Forecasting techniques to manage inventory. Operational shifts that reflect the growing business influence of supply chain leaders.
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. Using ERP to improve purchasing transparency.
The procurement department is responsible to acquire goods and services for a business. The post Key Procurement Methods for Pharmaceutical Drugs and Devices appeared first on SIPMM INSTITUTE.
The explosion in globalisation, and corresponding reduction in transport availability over the last decade or so, have together kiboshed some of the factors which once fueled a steady growth in offshore manufacture and procurement. Indirectly, the rest of the world benefits too.
Emerge’s award-winning marketplace provides access to direct capacity and live market conditions helping shippers and carriers make the strongest, most beneficial decisions when procuring domestic freight. the podcast interview, George and Joe discuss 3 important trends that are impacting the logistics and transportation industry.
Data analytics and reporting: Loop provides businesses with actionable insights into their supply chain performance, helping them identify trends and make data-driven decisions. Performance-based payments: Loop allows businesses to pay their suppliers based on performance, incentivizing them to deliver high-quality goods and services on time.
This award featured two main categories, Small Business <$50 million and Enterprise >$49 million, and then five sub-categories within each main category: Procurement/ERP Software, Robotics, Supply Chain Visibility Solutions, WMS/TMS Software and Warehouse Automation.
Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.
For shippers, the approach to transportation procurement is evolving. However, with the advent of specialized software solutions like Keelvar, Emerge and Jaggaer, there’s a noticeable shift in how transportation procurement is managed.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content