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Strategic Procurement: What Is Is and Why It’s Essential for Business Resilience 

Pipefy

The result is greater supply chain predictability, more accurate decision-making, and better business agility. Whether the purpose is savings or forecasting, strategic procurement involves three key business principles at its core for better decision-making and procurement maturity: predictability, agility, and precision.

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Get Started on Your Procurement Transformation Roadmap and Strategy

Pipefy

Procurement teams are now responsible for driving value, achieving sustainable results, and helping businesses maintain their competitive edge despite market shifts and supply chain disruptions. In 2022, the five biggest procurement issues experienced by B2B buyers were: Reliable delivery (43%).

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Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Subscribe Here! Email Address. Making The Right Choices.

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JAGGAER Webinar with Accenture Strategy and Attijariwafa Bank Case Study: Accelerating Trust in Banking – Internal, Suppliers and Customers

Jaggaer

“Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. In our poll, webinar participants saw business partnering, supplier innovation and collaboration, and supply chain risk management as their key areas of focus for procurement.

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What’s Next for Digital Procurement?

Jaggaer

They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) This is not simply about cost savings here and there (the traditional C-suite view of what procurement does) but driving value and making your organization more agile in an uncertain and rapidly changing world. One platform.

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How generative AI is revolutionizing supply chain operations

IBM Supply Chain Blog

Supply chains are under enormous stress. As supply chain leaders, we’ve seen unprecedented levels of disruption, challenges with our ecosystem trading partner networks, tariff wars, real wars and tremendous turnover in human capital. Senior supply chain leaders are retiring in record numbers.

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Procurement Technology: 6 Solutions You Should Know In 2024

Pipefy

Finally, procurement teams are responsible for anticipating and responding to disruptions in the supply chain and their own process. The system gives the ability to automate and streamline supplier management processes, giving visibility over supplier performance, offering better experiences, and valuable insights.