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Global Supply Chain Management: Best Practices and Trends

HICX

As an increasing number of organizations engage with vendors on a global level to fulfill their supply chains, the need for supply chain robustness has never been so critical. The Global Supply Chain Landscape: What is the current situation?

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Procurement Tracking – Everything You Should Know

Procurement Tactics

It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates. Supplier Performance The quality, timeliness, and adherence to contractual commitments of suppliers shall be monitored. Documents concerning the contracts shall also be undertaken.

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New Year Insights for the procurement solutions and services marketplace 2024: GEP

Spend Matters

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

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What Are the Pressures That Procurement Faces In 2024 and Beyond?

Barkers Procurement

The increasing pressure from macroeconomic factors that include inflation, continued supply chain disruption, geopolitical tensions and ESG factors are primary areas of concern for the procurement professional. McKinsey has reported that supply chain disruption is costing companies 0.47% on average each year.

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What Are the Pressures That Procurement Faces In 2024 and Beyond?

Barkers Procurement

The increasing pressure from macroeconomic factors that include inflation, continued supply chain disruption, geopolitical tensions and ESG factors are primary areas of concern for the procurement professional. McKinsey has reported that supply chain disruption is costing companies 0.47% on average each year.

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How to build a successful procurement strategy

IBM Supply Chain Blog

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Building strong supplier relationships to encourage favorable contracts and service is also a common goal.

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See Through Disruptions: How Supply Chain Visibility Builds Resilience

SCMDOJO

Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. However, they are also susceptible to disruptions and risks. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world.