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The Supply Chain Management Playbook: Your Game Plan for Operational Success

World of Procurement blog

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimized supply chains lead to improved profit margins.

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Friends not Foes, Supplier Relationships Made to Last

ivalua

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. How can you create a more efficient supply chain and gain a better understanding of overall performance?

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5 Big Ideas for CPOs in Europe to Develop Procurement Strategies for 2023

Zycus Cognitive Procurement

With new legislation being introduced for 2023 in Europe, such as the Supply Chain Due Diligence Act (SCCDA), CPOs and other procurement and sourcing leaders need to devise an agile procurement strategy to ensure compliance. Investment in technology is crucial and requires even more during the time of an economic downturn. “

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Key technologies changing the game in procurement include: E-Procurement Systems E-procurement software provides a centralized platform to manage the entire procurement process online. Conduct supply chain audits and due diligence on high-risk categories. Dual sourcing and supply chain digitization can help.

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The Impact of Digital Transformation on Spend Analysis

Empowering CPO

Agility and Adaptability: Digital transformation equips organizations with the agility and adaptability required to respond to changing market dynamics and evolving customer needs. Change management strategies for successful adoption Implementing digital spend analysis involves organizational change.