Walmart’s procurement team now runs part of its supplier negotiations through an AI agent. Not a chatbot that drafts a counteroffer for a human to send on — an agent that actually conducts the back-and-forth. Pactum, the vendor behind it, says its agents have handled more than $1 billion in negotiated spend for Walmart, landingContinue reading “AI Agents Are Now Negotiating Real Contracts — Here’s the Fine Print”
Tag Archives: logistics
Gartner’s Warehousing AI Roadmap Is a Blueprint for Trading and Logistics Too
Gartner just mapped the AI maturity curve for warehouses — trading and logistics teams outside the four walls of a DC should be paying attention too.
Mastering Commodity Contracts
Key Contract Types in Commodity Trading In the dynamic world of commodity trading, contracts are more than paperwork—they’re strategic tools that define risk exposure, pricing mechanisms, and supply chain agility. Whether dealing in physical commodities or derivatives, understanding these agreements is essential to managing operations effectively. Here’s an overview of the main types of commodityContinue reading “Mastering Commodity Contracts”
Understanding Incoterms: Simplifying Logistics Decisions
Not so long ago, I found myself grappling with Incoterms, bewildered by questions like, “Who pays?”, “Who ships?”, and “Who takes the risk?” It seemed daunting to navigate these international commercial terms that govern shipping agreements, but now they’re second nature. Working in trading & logistics, I’ve come to appreciate how choosing the right IncotermContinue reading “Understanding Incoterms: Simplifying Logistics Decisions”
