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Direct vs Indirect Procurement: Key Differences, Challenges, and Opportunities

ivalua

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations.

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Navigating trade turbulence: What tariffs are really exposing in Procurement

Spend Matters

The US administrations announcement of reciprocal tariffs in early April sent a jolt through global supply chains. Another CPO pointed to the urgent internal push for greater transparency at the supplier-level mapping and for granular understanding of sub-tier suppliers, component origins and even HS-code-level exposure.

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Responding to “Tariff Man”: Beyond the Rhetoric

Jaggaer

They focused on digital transformation, centralizing digital solutions and resources, increasing transparency across the supply chain, digitalizing source-to-pay processes, recruiting top talent, reevaluating sourcing strategies, tackling ESG challenges, and improving supplier relationships.

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Supply Chain Department – A Typical Structure

SCMDOJO

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

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6 Ways Lean Supply Chain Management Can Benefit Your Organization

Procurify

For companies who desire optimum productivity, conventional supply chain methods may not fit the bill. Typical supply chains are often less efficient as lean supply chains, and as a result, numerous organizations around the world are implementing lean strategies. Warehousing.

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Ivalua Launches Pre-Packaged Solutions for Manufacturers

ivalua

Best practice supply chain & procurement capabilities now available for rapid deployment to manufacturers. The new packages span the full source-to-pay process for all spend categories including direct materials, MRO, assets and tooling and indirect goods and services.

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2023 supply chain and logistics management trends

EazyStock

The supply chain world has been rocked repeatedly over the past few years due to global issues such as the Covid-19 pandemic, shipping container shortages, catastrophic weather events, and socioeconomic issues – many outside our control.