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Why Predictive Procurement in Health and Pharma is the Future

Arkestro

Critical suppliers are deeply integrated with day-to-day operations, and it is the successful management of these suppliers that delivers a competitive advantage leading to greater business impact. We all remember the early days of the pandemic and shortages in critical medical supplies. All while still maximizing cost savings. .

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CPO Spotlight: Rachel Scarrett

Procurement Heads

We spend about a billion pounds each year through our supply chain of approximately 500 suppliers. I have a team of 30 people with end-to-end category management responsibility. Procurement and supplier management are carried out by separate teams under my leadership.

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Procurement Metrics: Key Performance Indicators for Success

Empowering CPO

By measuring key aspects of the procurement process, these metrics provide insights that can drive significant improvements in cost-efficiency, operational performance, and supply chain resilience. However, not all these metrics will directly influence strategic objectives. That’s where KPIs come in.

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The Resilient Supply Chain! Passing Fad or Long Term Strategy?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Parallel Supply Chain … A Twilight Zone Strategy? Since the Coronavirus pandemic exposed the fragility of the global Supply Chain , everywhere you look you see the word “resilience” being used as the latest buzz word. Get Our EBOOK HERE.

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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. Sustainability commitment: Walmart has made a commitment to sustainability, which influences its procurement practices.

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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. By detecting and mitigating risks in real-time, digital spend analysis contributes to stronger governance and risk management practices.