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Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supplychain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution. About Ivalua. Global Media Contact.
In 2024, the logistics and supplychain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. According to industry reports, over half of business leaders acknowledge the need for supplychain improvements, with 52% believing they could enhance their operations.
The supplychain plays a pivotal role in delivering goods and services to both businesses and consumers, serving as the connective thread between industries, nations, communities and all components of the value chain. Our dependence on supplychains is most pronounced in ensuring food supply.
In the supplychain, order management and inventory management play significant roles in rapid growth. Business success requires efficiency and effectiveness in managing an increasing number of orders. billion figure by 2026, which was $1.0 Furthermore, it provides analytical reports, insights, and transparency.
To keep the supplychain moving, companies must adopt the new trends in the supplychain that tackles driver shortage and invest in driver retention which includes driver incentives to be given by companies. . The driver shortage is one of the main problems that the supplychain industry is facing.
Here, we’ll discuss how it becomes useful for SCMs and what are some blockchain supplychain examples. Understanding SupplyChain The production industry uses a variety of procedures to serve its consumers through the market; all these activities can be covered under one umbrella term: supplychain.
Subscribe to SupplyChain Game Changer. In early 2020, online shopping increased 74% and projections point to the surge continuing up to 200 billion packages annually by 2026. In order to reap all these benefits, the entire supplychain experienced a shift toward growth. Subscribe Here! Email Address.
By 2026, the procurement analytics market is predicted to grow at a compound annual growth rate (CAGR) of nearly 20% , equating to $8.36 Procurement teams run at the highest level of efficiency with autonomous procurement. Risk Mitigation The average company experiences a significant supplychain disruption every 3.7
Why is CSRD a big deal for supplychain sustainability? It broadens who must report, standardizes what they report, and expands the scope of reporting to include the full value chain. Key innovations of CSRD Value chain is at the core. Key innovations of CSRD Value chain is at the core.
Almost all governments are looking to onboard CTCs, with most of Europe being covered by 2026. As supplychains flip from a buyer to seller driven market, maximising the benefits of CTCs will remove the gaps from the process. And France is not alone in Europe. What are the implications?
Well partly because it’s what the public demands but more urgently because carbon accounting impacts a company’s valuation and future prospects Thus carbon reduction has significantly expanded procurement’s traditional mandate to deliver cost reduction, quality assurance and efficiency with this new dimension.
I went to university planning to become a Diplomat, then in the second year I found myself in supplychain work, and I just fell in love with it, especially contracts negotiation. That made me very passionate about the supplychain. Could you tell us about your journey to becoming Executive Director at BC Ferries?
As-a-service models are expected to become more prevalent, with IDC forecasting that 65% of tech buyers will prioritize these models by 2026 This shift echoes the response to economic pressures and the need to fill talent gaps in IT operations.
With David we discussed: An alternative approach to digital transformation Digital Darwinism and evolution within supplychains Adoption challenges and future of Procurement. David’s advice is to be as transparent as possible and explain what specific parts of the transformation will mean for each stakeholder individually.
It is not new in supplychain management either. Lee’s uncertainty framework (2002) shows how segment your supplychain in demand streams and how to define your supplychain response to that. It is not new in strategy. Elegantly put in a two by two we all love.
Let’s explore how the IBM® Maximo® Application Suite (MAS) can help you optimize the efficiency of your assets through operational emissions management. Strategic planning and operational efficiency Strategic maintenance planning drives significant cost savings. billion levied in 2026, rising to USD 1.8
What would a Martian expert in supplychain planning and technology think when looking back at earth? Closing the planning automation gap After more than hundred years of automating our physical assets in the supplychain, we now have automated warehouses, trucks, productions plants and delivery drones.
How can you pivot efficiently in response to the changing market conditions? How efficient is your release process? By 2026, approximately 80% of software engineering organizations will establish platform teams as internal providers of reusable services, components and tools for application delivery.
The demand for an automated solution arrives as Germany’s government has mandated that electronic file management be implemented by courts in all civil, administrative, social and criminal proceedings by 2026 as part of digitalization goals established by the European Union (EU).
According to a Gartner® report , “By 2026, more than 80% of enterprises will have used generative AI APIs or models, and/or deployed GenAI-enabled applications in production environments, up from less than 5% in 2023.”*
Organizations have increasingly turned to containerization to create more scalable, efficient and agile infrastructure. Containers have grown more important as organizations need portable and resource-efficient technologies, becoming the de facto compute units of modern cloud-native applications.
Article written for SupplyChain Game Changer by Russ Davidson at Software Connect. The Bureau of Labor Statistics recently predicted manufacturing will be the only major occupational group that will experience a decline in the 10-year period from 2016 to 2026. appeared first on SupplyChain Game Changer™.
According to the Victorian Government’s Digital Strategy 2021-2026, a 4-step approach for selecting software is construed as the need of the hour. This will not only reduce the cost of development but also improve implementation, scalability, and efficiency.
In the end, IBP is a philosophy, or belief system that strives for transparency, near perfect integration and alignment, both horizontal (between functions, BUs, even companies) and vertical (between strategy, planning and execution). These are ideas of enhancement, evolution, not replacement. So, there are many possible approaches.
They are powerful tools and methods that can help you drive efficiency, agility and resiliency throughout the data center and into everything the business does through digital means. Gartner predicts that 15% of on-premises production workloads will run in containers by 2026. AI and containerization are not just buzzwords.
Measurement of Greenhouse Gas Emissions Across The SupplyChain It will be insufficient for water companies to simply understand their own carbon impact as an organisation, they will also need to focus on their scope 3 emissions. To accurately report on such data, it is likely that water companies will require specialist support.
billion in 2021 to a projected $8 billion by 2026, which corresponds to a compound annual growth rate, or CAGR, of 25.3% In other words, I would lump e-sourcing, contract management and certain supplychain risk and resilience technology into this definition too. (Just for the record, I didn’t spend $4,500 to read it in full!).
The experience of COVID-19 also showed that poorly managed vendor master data contributed to some of the delivery delays and supplychain disruption. As a result, their tools enable them to do their jobs in a more efficient manner with better results. Apple has him to thank for how sleek and optimised its supplychain is.
Following recent events like the pandemic, the shift to non-office work models, and supplychain pressures, the demand for business process transformation has accelerated. This includes initiatives aimed at improving product development, customer experiences, and operational efficiency.
Supporting the data management life cycle According to IDC’s Global StorageSphere, enterprise data stored in data centers will grow at a compound annual growth rate of 30% between 2021-2026. [2] ” Notably, watsonx.data runs both on-premises and across multicloud environments.
Wind and solar photovoltaic (PV) power generation are forecast to exceed nuclear power generation in 2025 and 2026, respectively. The expansion of the solar PV supplychain is enabling the manufacturing necessary to meet the demands of the growing industry.
The EU AI Act provides a much-needed framework for ensuring transparency, accountability and human oversight in developing and deploying AI technologies. December 2026: Banks of EU non-Eurozone countries are required to support receiving SEPA instant payments.
Take waste management – yes, we could negotiate a cheaper contract with improved efficiencies, but can the winning contractor offer opportunities to young people to build new skills and in doing so increase their life chances. Use it to drive change through a whole supplychain – positive purchasing!
How about we stop covering companies that fail to give us transparent and unfettered access to their client base? Like 1Reply Vera Rozanova MBA, MCIPS Chartered, MEng (Hons)CPO-Chief Procurement Officer | Procurement Director | SupplyChain | Invited Lecturer | Author | Business Trainer | Transformation 2h Jon W.
This move aims to achieve more complete and transparent sustainability reporting across the region. CSRD addresses a number of known shortcomings of NFRD, such as the vagueness of reporting requirements, resulting in inconsistent data, absence of climate disclosures, non-compliance and a general lack of transparency.
And by 2026, more than 80% of companies will have deployed AI) ) AI-enabled apps in their IT environments (up from only 5% in 2023). AI and ML algorithms enhance these features by processing unique app data more efficiently. SaaS app development and management is no different.
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