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Is Covid-19 the Death of Global Supply Chains?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Parallel Supply Chain … A Twilight Zone Strategy? Death of Global Supply Chains article and permission to publish here provided by Sam Jenks at kodiakrating.com. Is COVID19 the death of Global Supply Chains? Subscribe Here! Email Address.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Enables adherence to policies and regulations through ethical, sustainable, and compliant practices.

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A Gameplan for Procurement Transformation

NLPA (Next Level Purchasing Association)

Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

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Digital Transformation in Procurement: Leveraging Technology for Efficiency

Empowering CPO

In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management. This approach often resulted in inefficient use of resources, limited visibility into supplier performance, and difficulty in managing complex supply chains.

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BCG’s 10 Step Plan for Procurement Excellence

Procurement Software

Very few CEOs come from Procurement or Supply Chain. Supply Chain should become one of the top agenda items on board level meetings. Identify projects which help both improve supplier financial performance and deliver cost savings. Reduce Cost (yes, it’s always going to be our job!)

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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

They can also create adversarial relationships between buyers and suppliers, as they often involve tough negotiations and a focus on short-term gains rather than long-term collaboration. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

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7 Trending Business Practices Disrupting Procurement!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Initiatives are being put in place to make these statements a reality, but are these organizations agile enough to shift strategies, process and operations — for real? A report in 2016 by GT Nexus, “showed there is a demand for ethically and sustainably sourced products.