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Supplier Diversity: From Checking the Box to Driving Business Strategy

ivalua

Part I: Building Business Cases and Driving Momentum. Supplier diversity programs are something many procurement professionals in the United States (U.S.) But since its inception more than 50 years ago, supplier diversity programs have spread beyond public procurements and now many privately held U.S.

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Supplier Collaboration Software — What You Should Know

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Supplier Collaboration Software — What You Should Know The use of supplier collaboration software continues to rise as businesses grow and technology advances. However, what is it?

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Procurement and Sustainability: A Harmonious Partnership for a Greener Future

Procurement Templates

Procurement, often considered the gateway between an organization and its suppliers, plays a central role in this transformation. It has the potential to drive change throughout the entire supply chain, influencing how products are sourced, manufactured, and distributed.

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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. Procurement and supplier management are carried out by separate teams under my leadership. This is why supplier relationship management is a particular passion of mine.

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How do rising interest rates and inflation affect global supply chains?

EazyStock

This results in lower demand, which will affect the supply chain. As demand falls, businesses need to reduce production or orders, which could mean the same for suppliers further down the supply chain. It’s natural for businesses to try to reduce these costs by reducing their inventory levels.

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Procurement Metrics: Key Performance Indicators for Success

Empowering CPO

Procurement metrics can cover a wide range of aspects, from cost-saving measures to supplier performance, and are crucial for making data-driven decisions. They help to highlight areas of improvement, streamline operations, and ultimately contribute to the overall success of the business. That’s where KPIs come in.

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Do You Need a Network Design CoE?

Supply Chain Action Blog

If a value network was not explicitly designed to support the business strategy, then it probably doesn’t. For example, stable products may need to flow through a low-cost supply chain while seasonal and more volatile products, or higher value customers, require a more responsive path. One size fits all.