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Supplychains are particularly vulnerable during recessions. Economic downturns can disrupt the flow of goods, increase operational costs, and reduce profit margins. Consequently, it is imperative to develop a recession-proof supplychain to make them more resilient and adaptable.
In the July 2008 Procurement Insights post Procurement considerations when dealing with a merger? (A The 2007 article is a worthwhile read as it demonstrates the potential repercussions of excluding supplychain personnel in the early planning stages of an organization’s M&A strategy.) FROM CANDY.
Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.
Equipment spending must reducecosts immediately while ensuring lasting returns. Initially catering to corporate clients, USM shifted focus during the 2008 recession to address residential needs, highlighting the versatility of its modular products. appeared first on SupplyChain Game Changer™. In 2024, U.S.
Over the years, various methodologies have emerged to address this need, including lean manufacturing, Six Sigma, and the integration of both known as Lean Six Sigma (LSS). In this blog, we’ll delve into the integrated Lean Six Sigma approach, exploring its benefits, deployment models, moreover the implications for SMEs.
According to McKinsey research , in the five years immediately following the 2008 global financial crisis, total return to shareholders for companies with top-quartile procurement capabilities was 42 percent higher than the companies whose procurement operations were in the bottom quartile. This is to enable greater autonomy and agility. .
Banks have the most to gain if they succeed (and the most to lose if they fail) at bringing their mainframe application and data estates up to modern standards of cloud-like flexibility, agility and innovation to meet customer demand.
Politics also plays a huge part – secession in Texas became a hot topic after Obama’s 2008 win (why? While this is true, it’s worth noting that one-third of Texas’ annual budget is supported by federal funds though. What would it mean for supplychains? It’s also about money. Scary, isn’t it?
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