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Supplier Diversity: From Checking the Box to Driving Business Strategy

ivalua

businesses proudly maintain robust supplier diversity programs. They have now moved from largely being a reporting exercise, to being a business strategy. This piece was a Harvard Business Review article in August 2020 that resonated with me and helped to reframe supplier diversity in terms of supply chain resilience.

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Supplier Collaboration Software — What You Should Know

Procurement Tactics

It is a strategic method of managing suppliers, where the focus is on aligning suppliers and partners with your business strategy. Shared value creation Supplier collaboration fosters shared value creation through enhanced innovation, improved operational efficiency, and supply chain resilience.

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Procurement and Sustainability: A Harmonious Partnership for a Greener Future

Procurement Templates

Conclusion Procurement and sustainability are no longer separate entities but rather intertwined components of a modern, responsible business strategy. Innovation Opportunities: Collaborating with suppliers to develop sustainable products and processes can lead to innovation and a competitive advantage in the market.

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Top supply chain trends in retail for 2023

IBM Supply Chain Blog

Transformational sustainability occurs when sustainability becomes an integral part of an organization’s business strategy. Learn how to build resiliency and intelligence into your supply chains The post Top supply chain trends in retail for 2023 appeared first on IBM Blog.

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CPO Spotlight: Rachel Scarrett

Procurement Heads

My role has seen a shift as a result of all of the emerging risks we’ve encountered, many for the first time, I’ve seen much more focus from our executive team and the regulator on supply chain resilience, so I’ve been strengthening our capability in this area too. Where do our passions lie in the day-to-day of the role?

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

EazyStock

How can supply chain managers manage higher inflation and interest rates? While it’s impossible for you to control geopolitical and economic factors, you can control your business strategy. With a resilient supply chain, your business can absorb the additional stress so that it can recover, whatever the circumstances.

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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. For example, cost-saving metrics can help identify opportunities to reduce expenses and increase profitability.