Arkestro

DECEMBER 5, 2022

With globalization, raw materials may come from across the globe. These disruptions have exposed the fragility of global supply chains. Unique obstacles have caused many companies to re-evaluate their sourcing strategies. A shift toward regionalized supply chains and diverse suppliers may be the key to resilience.

Raw materials 98

Raw materials Procurement Agile and Lean Supply Chain Supply Chain Optimization 98

IBM Supply Chain Blog

JANUARY 31, 2024

Sourcing isn’t just a concern for procurement teams. With rising consumer and stakeholder expectations around ethical and responsible supply chains, who supplies your organization’s goods and services is also a C-suite consideration. Near-sourcing can also reduce risk.

Sourcing 91

Sourcing supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain 91

World of Procurement blog

MAY 8, 2024

Its strategic importance stems from its impact on profitability, efficiency, risk mitigation, and competitiveness. Types of Procurement There are several types of procurement that organizations utilize: Direct Procurement Direct procurement involves purchasing raw materials and components that go directly into a company's end products.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Skill Dynamics

OCTOBER 19, 2023

This leads to professional growth and supply chain efficiency – just two benefits of role-based training , of which there are many more. Elevating Procurement Excellence Through Targeted Training Role-based procurement training is ideal because procurement and supply chain roles often come with role-specific challenges.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

Una

NOVEMBER 14, 2022

This left procurement organizations and departments scrambling to find more strategic alternatives to not only survive but carve out their place in an evolving global market. Some companies and organizations thought about the end-customer experience and strategic sourcing , but these concepts were more outliers than standard practice.

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. As the name suggests, Managed Procurement Services involves the strategic outsourcing of procurement processes to expert providers. But what exactly does it entail?

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 52

Supply Chain Game Changer

MAY 12, 2020

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. This interview is with Danny Wang, Vice President of Sourcing and Procurement at Canada Goose. Subscribe Here! Email Address. Hey Procurement!

Leadership 66

Leadership Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 66

Planergy

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Managing marketing procurement can help to ensure that the raw materials needed to create a product are available when they are needed. Best Practices for Your Marketing Procurement Process and Strategic Sourcing.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Planergy

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization supply chain budgeting 52

Empowering CPO

JUNE 9, 2023

It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. This can range from raw materials for production, to office supplies, to strategic partnerships. Delivery: They used On-Time Delivery Rate to ensure timeliness in their supply chain.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Procurement Software

MARCH 5, 2024

FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supply chains.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Planergy

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This typically includes raw materials and components. Quality assurance can also be challenging since conversations between procurement and suppliers are more direct and personal when sourcing services.

Management 52

Management Procurement supply chain budgeting Budget 52

Empowering CPO

JUNE 14, 2023

Introduction Welcome to the dynamic world of procurement, where businesses are constantly seeking innovative ways to manage their supply chains more efficiently and effectively. The Growing Trend of Outsourcing Procurement In our fast-paced global economy, businesses are constantly on the hunt for ways to stay competitive and agile.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Real-time Visibility 52

Empowering CPO

JUNE 26, 2023

By analyzing historical spend patterns and supplier performance, organizations can negotiate better contracts, consolidate suppliers, and implement strategic sourcing initiatives. Stronger supplier relationships lead to better pricing, improved service levels, and a more reliable supply chain.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Procurement Heads

JANUARY 4, 2023

Even at that point blue chip corporations recognised the value of procurement and understood that when you’ve got substantial third-party spend, it’s important to use strategic sourcing approaches. I joined KPMG in their supply chain practice and spend the next 16 years on consulting assignments in a smaller firm.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

Procurement Software

AUGUST 27, 2024

In addition, supply chains and risk management have become more complex, requiring a less siloed and more joined-up approach to managing strategic suppliers. Whereas category management is strategic in its function, purchasing management is more focused on the day-to-day operations of the business.

Category management 52

Category management Management Procurement Agile and Lean Supply Chain 52

Jaggaer

JANUARY 23, 2025

They focused on digital transformation, centralizing digital solutions and resources, increasing transparency across the supply chain, digitalizing source-to-pay processes, recruiting top talent, reevaluating sourcing strategies, tackling ESG challenges, and improving supplier relationships. They have minimal leverage.

Export 52

Export Supply Chain Efficiency Raw materials supply chain budgeting 52