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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.
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.
Preview – Most IBP cycles around the world are based on a 20-year-old process definition supported by 20-year-old planning concepts. In this blog : a new role for supplychain planners. The new evolutionary challenge for IBP, and more specific for supplychain leaders, is to close the traditional IBP decision gaps.
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 AI has definitely become a big topic because of the liability associated with it.
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).
A recent study suggests that supplychain planners spend 50% of their time on data gathering and tinkering with it. Knowing this, who wants a job in supplychain planning when you just finished your degree? How can supplychain attract the best talent when all you do is tying data together?
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. Procurement, in the context of Porter’s modeling, has a very narrow definition as a function: ‘Responsible for the acquisition of inputs, or resources, for the firm.’ The definition of insanity is doing the same thing over and over, and expecting different results”. Subscribe Here!
By measuring key aspects of the procurement process, these metrics provide insights that can drive significant improvements in cost-efficiency, operational performance, and supplychainresilience. Quality Metrics Definition and Examples – Quality metrics evaluate the quality of goods and services procured.
Definition and Purpose of Procurement Procurement is a multi-faceted function that goes beyond the simple acquisition of goods and services. Organizations are now expected to not only manage cost but also to ensure supplychainresilience, mitigate risks, and contribute to strategic objectives.
SupplyChain Strategies: What the Pandemic Has Taught Us So Far? Many nations are now facing the prospect of new lockdowns which will undoubtedly further impact global supplychains. . SupplyChain Risk Management on the World Stage – Lessons Learned. Global SupplyChains are Here to Stay.
Subscribe to SupplyChain Game Changer. The Parallel SupplyChain … A Twilight Zone Strategy? Since the Coronavirus pandemic exposed the fragility of the global SupplyChain , everywhere you look you see the word “resilience” being used as the latest buzz word. Get Our EBOOK HERE.
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