Procurement Insights

NOVEMBER 4, 2024

EDITOR’S NOTE: More than two decades ago, the foundational elements for successfully utilizing advanced, self-learning algorithms to optimize the procurement process using an agent-based model were well established. Monte Carlo) used to determine supply chain optimization. If so, what was it? I hope this helps.

Supply Chain Optimization 59

Supply Chain Optimization supply chain software solutions Supply chain Data 59

Spend Matters

NOVEMBER 7, 2024

“Expansion into Supplier Performance Management, Supplier Portal and Documents leveraging its existing capabilities, Halo Ai can provide unique insights into supplier performance by analyzing historical data, trends and feedback, allowing organizations to monitor supplier effectiveness and optimize procurement decisions.

Supply Chain Efficiency 111

Supply Chain Efficiency Risk management Real-time Visibility Ethics 111

SCMDOJO

JANUARY 9, 2025

By fostering these relationships, businesses can ensure stable supply chains, consistent quality, and even access to supplier innovations. According to a McKinsey report, firms that develop strong supplier partnerships are 35% less likely to experience significant supply disruptions.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Supply Chain Brain

FEBRUARY 15, 2024

Respondents expressed optimism in the economy, and more than 50% say they’ve seen a “greater focus and understanding of supply chains” from those in the C-Suite.

Supply Chain Optimization 124

Supply Chain Optimization Supply chain Supply 124

SCMDOJO

MARCH 27, 2024

The world of supply chain management is fast-paced. For those who use a Mac as their trusted companion in 2024, the hunt ends here. Performance for Supply Chain Management Software on Mac Have you ever run sophisticated supply chain management software on Mac? However, it goes beyond mere listings.

supply chain software solutions 98

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 98

Supply Chain Brain

FEBRUARY 15, 2024

Just months after snarled supply chains led to widespread inventory shortages, the proverbial pendulum has decidedly shifted to the other side.

Inventory 134

Inventory Supply Chain Optimization Supply chain Supply 134

SCMDOJO

APRIL 24, 2024

In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. Suppose you stay ahead of trends like AI optimization, blockchain transparency, and sustainable practices. Let’s see the most common trends in 2024.

Supply Chain Efficiency 90

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 90

Spend Matters

MAY 29, 2024

The first Ivalua NOW conference of 2024 took place in Versailles in March; we covered it here. Overview of Ivalua NOW Americas 2024 The event followed a similar structure to that of the EMEA Ivalua NOW conference. Hazziez illuminated how the healthcare industry optimizes its supply chain. in a saturated market.

supply chain software solutions 117

supply chain software solutions Procurement Supply Chain Optimization Contract 117

Finale Inventory

SEPTEMBER 26, 2024

With a perfect storm of factors in play—ranging from shifting consumer habits and economic pressures to supply chain hiccups—this season will be anything but predictable. We’ll start off with general thoughts on e-commerce trends in 2024 and then get into Amazon-specific predictions. let the Q4 fun begin!

Supply Chain Optimization 111

Supply Chain Optimization Real-time Visibility Inventory Supply Chain Efficiency 111

Supply Chain Dive

DECEMBER 17, 2024

The Freight Logistics Optimization Works program now has 85 members, including Best Buy, True Value, BNSF and CMA CGM.

Supply Chain Optimization 107

Supply Chain Optimization Supply chain Logistics Supply 107

Let's Talk Supply Chain

MARCH 17, 2025

ITS Logistics is one of North America’s fastest-growing, asset-based modern 3PLs, providing solutions for the industrys most complicated supply chain challenges. Using a holistic approach, he combines technology, supply chain expertise, and leadership skills to ensure sustained growth and profitability.

Logistics 52

Logistics Supply Chain Optimization Supply Chain Efficiency supply chain budgeting 52

Procurement Insights

JANUARY 3, 2025

2011 eWorld Video THE EVOLUTION OF THE CFO VIEW Between 2011 and 2024 , CFOs’ views of procurement have evolved significantly, reflecting changes in the business environment, technology, and organizational priorities. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Insights

OCTOBER 31, 2024

What is optimized inventory management? What is supply chain risk management? Alternatively, what would prevent you from wanting to talk with them about you and your challenges and priorities? (*) Here are the four questions I asked ChatGPT: What is predictive analytics? What are collaborative supplier networks?

Supply Chain Optimization 75

Supply Chain Optimization Risk management Networking Collaboration 75

Spend Matters

OCTOBER 21, 2024

During the week of September 23, I represented Spend Matters at the Amazon Business Reshape 2024 event in Dallas, Texas. Both services are designed to automate restocking, helping companies maintain optimal inventory levels and prevent stockouts. The post Amazon Business Reshape 2024 appeared first on Spend Matters.

Purchasing 111

Purchasing Inventory Supply Chain Optimization Buyers 111

Spend Matters

MARCH 11, 2025

While the imposition of import/export tariffs on goods is nothing new, the recent spate of quid pro quo mandates is increasing complexity and uncertainty for organizations trying to navigate their impact on supply chains. This consolidation aimed to make supply chains more resilient.

Supply Chain Optimization 79

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 79

Finale Inventory

JULY 18, 2024

Effective strategies can optimize inventory control and enhance overall efficiency. It also offers 15 best practices for 2024 to ensure smooth inventory management. This includes tasks such as stock monitoring, replenishment, forecasting, and maintaining optimal stock levels in warehouses or distribution centers.

Inventory 98

Inventory Supply Chain Efficiency Management Real-time Visibility 98

Spend Matters

JANUARY 12, 2024

Procurement priorities will shift as budgets increase Driven by expected budget increases in 2024, procurement teams globally will make a dramatic shift in how they spend their time, placing an added emphasis on pursuing ESG goals.

Procurement solutions 111

Procurement solutions Procurement supply chain budgeting Procurement team 111

Supply Chain Dive

FEBRUARY 12, 2024

As a growing asset-based carrier in 2024, having an efficient truck dispatch system in place is more critical than ever for managing your expanding fleet, optimizing complex operations and winning the most profitable loads – particularly dedicated lanes.

Fleet Optimization 111

Fleet Optimization Management 111

Spend Matters

DECEMBER 11, 2023

Operational efficiency, AI advancements and socially-conscious spending will be key business drivers Coupa has a core philosophy of “none of us is as smart as all of us” and it’s with this spirit that our insights for 2024 are written. using supply chain digital twins to optimize supply chain networks for carbon takeout).

Procurement solutions 102

Procurement solutions supply chain budgeting Procurement Supply Chain Optimization 102

Spend Matters

JANUARY 8, 2024

In 2024, this will require continued transformation as businesses look to increase resilience, swift value delivery, combatting inflation and sustainable procurement practices. Amid lower growth forecasts and higher interest rates, companies continue to grapple with the challenge of swiftly optimizing working capital.

Procurement solutions 101

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 101

Spend Matters

JANUARY 16, 2024

Redefining procurement in 2024: A quest from cost savings to strategic value creation Today, procurement leaders find themselves at a crossroads, torn between the age-old pursuit of cost savings and the imperative to infuse strategic value into their organizations.

Procurement solutions 103

Procurement solutions Procurement Spend management Supply Chain Optimization 103

SCMDOJO

MARCH 12, 2025

One promising solution is the implementation of integrated logistics networks, a strategy that promotes coordination, technology adoption, and collaborative partnerships to enhance supply chain performance. GST unified tax regulations, significantly reducing transportation delays and making supply chains more efficient.

Networking 52

Networking Logistics Supply Chain Efficiency Real-time Visibility 52

Spend Matters

DECEMBER 21, 2023

Procurement needs to think AI-first in 2024 and beyond The generative AI wave of 2023 truly brought us into the AI economy, with companies realizing how advances in AI have the potential to transform key processes and workflows that underpin how they operate and generate value.

Procurement solutions 110

Procurement solutions Procurement e2e Real-time Visibility 110

Let's Talk Supply Chain

FEBRUARY 13, 2025

In a fast-paced world where supply chain disruptions, generative AI innovations, and trade tariffs constantly shape the global economy, staying informed is vital. Hosted by Sarah Barnes Humphrey, the founder of Let’s Talk Supply Chain, the video promises an insightful discussion with special guest Audrey Ross.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 52

Spend Matters

JANUARY 17, 2024

From planning a product, design and simulation, to optimizing a specific process across the supply chain, customer expectations for AI integration continue to evolve as new applications for supply chain automation are discovered.

Procurement solutions 103

Procurement solutions Agile and Lean Supply Chain Procurement Supply Chain Optimization 103

SCMDOJO

JANUARY 19, 2025

We conclude that different types of loans may help e-commerce supply chains. Grown from the concept of the e-commerce supply chain – end-to-end process from product sourcing through delivery, it has become the determining factor in a business advantage. Here, we get another central point, the capital.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 52

Spend Matters

MARCH 5, 2024

Today Spend Matters is delighted to announce the release of its Spring 2024 SolutionMap and TechMatch℠ procurement technology rankings, which include 79 procurement technology vendors. Our Spring 2024 SolutionMap results are testimony to how vendors are stepping up to the challenges of a volatile business environment.

Procurement 130

Procurement Sourcing Risk management Ethics 130

Procurement Insights

MARCH 31, 2025

Hansen, identified as a Chief Procurement Officer (CPO), introduced the idea in the context of linking seemingly unrelated data streams or strands to optimize procurement outcomes. Instead, his contributions are more broadly tied to practical applications of algorithmic thinking in supply chain and procurement optimization.”

Chief Procurement Officer 52

Chief Procurement Officer Supply Chain Optimization Procurement Suppliers 52

Let's Talk Supply Chain

MARCH 8, 2024

In today’s episode of Women In Supply Chain, I’m joined by Lisa Dolan – a multi-award-winning supply chain professional, board member and speaker, dedicated to empowering women and girls across the industry. From truck drivers to CEOs, what these winners are doing matters to the future of all supply chains.

supply chain budgeting 96

supply chain budgeting Supply Chain Optimization Supply chain Supply 96

Spend Matters

JULY 10, 2024

Intake manage and orchestration During the second quarter of 2024, the Spend Matters team gave special attention to ‘ Intake and Orchestration Solutions ‘ The major highlights are described below. In this roundup of Q1, we review the Vendor Analyses and other Insider content that the team produced in the previous quarter.

Procurement 114

Procurement Management Contract Sourcing 114

IBM Supply Chain Blog

FEBRUARY 7, 2024

In 2024, sustainability is taking center stage. Sustainable supply chains : Driven by increasing consumer demand for sustainable products and heightened awareness of the environmental impact of producing and shipping goods, more businesses are looking to make their supply chain operations more sustainable.

Sustainability 88

Sustainability supply chain software solutions Supply Chain Efficiency Supply Chain Optimization 88

Jaggaer

NOVEMBER 14, 2024

According to The Hackett Group’s 2024 CPO Agenda , cost reduction remains the top priority for Chief Procurement Officers (CPOs). An advanced source-to-pay platform is crucial for unleashing procurement’s potential and optimizing supply chain performance. Here are some key insights from the e-book.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

SCMDOJO

JULY 7, 2023

However, this initial success was soon overshadowed by a series of setbacks and challenges that Rivian had to navigate through mainly related to supply chain and production. The production setbacks experienced by Rivian had a direct impact on its reputation and supply chain.

Supply Chain Efficiency 105

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 105

Una

JANUARY 30, 2024

EPISODE 150 2024: The Year of the Dragon? with Kris Lance By Kelly Barner | January 31, 2024 In Chinese culture, the dragon represents good luck, strength, and health. Given the challenges dominating this year’s headlines, all of us are probably going to need a balance of all three to make it through the year successfully.

Supply Chain Optimization 80

Supply Chain Optimization Supply chain Sourcing Procurement 80

Jaggaer

FEBRUARY 28, 2025

However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models. This could include optimizing specifications, reducing waste, or exploring product substitution.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Supply Chain Optimization Real-time Visibility 52