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Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supplychains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supplychainvisibility and monitoring solutions a top priority.
As global trade winds gust through the intricate web of supplychains, Clorox stands at a crossroads, poised to navigate the shifting currents in a bid to maintain stability and agility in the face of economic turbulence.
Key Strategies for Enhancing Collaboration From efficiently negotiating terms on a bid to determining supplier capacity in a high-risk category, supplier collaboration works to your advantage.
Do you have visibility of a global supplychain? If your organisation struggles with supplychainvisibility you are not alone, according to Deloitte’s survey of Chief Procurement Officers, 65% of CPO’s have limited or no visibility beyond their Tier 1 suppliers. Supplychainvisibility is poor. %.
Demand forecasting & inventory optimization Can we finally bid goodbye to overstocked warehouses and disappointed customers? Why Do We Need SupplyChainVisibility? It allows for enhanced decision-making, streamlined operations, and the ability to tackle challenges head on with precision.
Often, with bespoke purchases, there is no supplychainvisibility. Users should be able to create a structured closed bid RFx (RFQ/RFP) process. Buying in this way means that organisations are offered no price leverages and end up paying higher prices. Damage to reputation. Project based sourcing of bespoke items.
It enables: Building stronger relationships with your key suppliers Competitive bidding, which optimises cost Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability Performing the appropriate pre-qualification of suppliers.
Competitive bidding, which optimises cost. Some of the more advanced procurement software offering source-to-pay functionality can also provide: Reverse auction capability, with complex functionality for bid and proposal evaluation criteria. End-to-end supplychainvisibility ensures more synergy in cooperation.
Often, with bespoke purchases, there is no supplychainvisibility. Users should be able to create a structured closed bid RFx (RFQ/RFP) process. Buying in this way means that organisations are offered no price leverages and end up paying higher prices. Damage to reputation. Project based sourcing of bespoke items.
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