This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChainResilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supplychain visibility.
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supplychainresilience and agility in times of crisis. There are many supplychain management lessons to learn from the Covid-19 crisis.
As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react. There are many supplychain management lessons to learn from the Covid-19 crisis. These challenges in the direct material supplychain pose a real threat, especially in a time of crisis.
In a world that feels like it is constantly teetering on the edge of chaos or permacrisis, procurement professionals must master uncertainty by building resilience and agility. And one way to do that is to rethink where organizations source from.
“A 2023 survey by KPMG highlights this transition, revealing that procurement leaders are now focusing on supplychainresiliency (68%), introducing new products or expanding into new markets (65%), and improving margins through cost reduction (71%). Its less about control and more about agility.
For years, supplychain professionals have measured success by how well they have been able to drive down costs and drive up efficiency. Then, 2020 sent shockwaves through many JIT strategies; the disruption was just too big to absorb and supplychain ecosystems had not been built to flex.
When Covid-19 first hit five years ago, retailers experienced the need for supplychainresilience. Now, as they build the agility and strength needed to respond to potential unexpected events, we can look to this period for guidance. A key flaw to emerge was that supplychains were murky. Nothing moved.
By selecting and developing the right suppliers and establishing streamlined, transparent communication with them, manufacturers gain the agility and resilience to respond to customer demands, rise to the top, and navigate disruptions more easily. That makes agility a foundational part of your manufacturing strategy.
As we are coming to the end of the year, procurement and supplychain leaders across industries initiate their annual strategic planning process for the next year. We have shortlisted 7 C ritical T rends that will help supplychain leaders and practitioners to build a strategic blueprint for 2023 and beyond.
buyers, suppliers) interacting based on real-world commodity traits (e.g., Agents update their models to favor successful strategies, aligning with Hansens agility focus (2014 post,). cosmetics luxury inputs, coffees farm-gate prices). Department of Defense). Feedback Loop (Learning): Process: Outcomes are fed back to agents (e.g.,
The appetite for third-party risk management (TPRM) within procurement and the supplychain is keener than ever before — risks are more numerous and complex in what is an increasingly fast-paced and global business environment. So you have to consider the role of your buyer and the problem they want to solve.
I was recently delighted to be joined in webinar discussion by Iain Prince, Operational Transformation & SupplyChain Partner at KPMG. We need to bring cost, resilience and sustainability into harmony and in doing so we need to look again at strategic leadership in the function.
Subscribe to SupplyChain Game Changer. The Digital SupplyChain Road is Full of Potholes, Construction and Accidents! SpendMatters SupplyChain Dive SupplyChain Digital Art of Procurement (Podcast). Procurious Procurement Leaders Chartered Institute for Procurement & Supply (CIPS).
Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. Conduct supplychain audits and due diligence on high-risk categories. Buyer/Purchasing Agent - Executes purchase orders and transactions. Dual sourcing and supplychain digitization can help.
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 supplychainresilience, mitigate risks, and contribute to strategic objectives.
Scoutbee is an AI-powered procurement network that connects buyers with potential suppliers. Agentic AI takes this a step further by enabling autonomous supplychain systems. Fortunately, at SCMDOJO we help professionals to build a business case for implementation of supplychain technologies.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content