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Direct vs Indirect Procurement: Key Differences, Challenges, and Opportunities

ivalua

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations. Find Out More What Is Procurement?

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Mattel leverages diversified supply chain amid new China tariffs

Let's Talk Supply Chain

As the specter of new tariffs on Chinese imports loom large, the toy giant’s strategic use of a diversified supply chain comes to the forefront, showcasing resilience and adaptability in the face of uncertainty.

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How Supply Chain Innovation Propels Startups to Unicorn Status!

Supply Chain Game Changer

While flashy consumer-facing products like social apps garner much attention, innovation in less glamorous areas like supply chain management is equally responsible for propelling startups to unicorn status. Leveraging emerging technologies gives startups supply chain advantages that legacy players cannot match.

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Bezos? Jeff Bezos? What does he have to do with anything related to procurement and supply chain?

Procurement Insights

Hansen’s early concepts—especially his 1998 frameworks involving agent-based modeling , the Metaprise , time-zone polling , and advanced self-learning algorithms —share fundamental DNA with the adaptive, decentralized, and data-rich supply chain models later refined and scaled by Jeff Bezos at Amazon. MODEL 2 Jon W.

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Supplier Collaboration: Fundamental to Elevating Manufacturing Performance

Jaggaer

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.

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Procurement Talent: Upskilling for the AI Era

Procurement Software

Traditional waterfall methodologies give way to agile approaches. They understand product development cycles, marketing strategies, and operational challenges. Modern procurement teams compete for executive attention and budget allocation. These create transparent supply chain tracking mechanisms.

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A complete guide to operational procurement

TYA Suite

The procurement team reviews these requests to ensure theyre aligned with the companys budget and strategy. Typically, a manager or procurement officer will examine the request to ensure it fits within the budget and complies with company policies. If necessary, they may suggest alternative solutions or adjustments to save costs.