article thumbnail

How to Use Group Purchasing as a Cost Reduction Strategy

Una

The hardest-hit industries were those in which consumer demand plummeted: restaurants, gyms, transportation, construction, theme parks, conventions, oil and gas, automakers, discretionary travel, live sports, hotels, and (of course), airlines. Industries seeking a new cost reduction strategy.

article thumbnail

SRM: How to secure the new value that sustainability can bring

Positive Purchasing

The motivation to become more sustainable goes beyond protecting the organization and is now a means to create competitive advantage, increase market share and build brand value, as today’s consumers demand more from the brands with which they engage. It first appeared on the Supply Management magazine on 6 September 2022.

article thumbnail

7 Trending Business Practices Disrupting Procurement!

Supply Chain Game Changer

Due to globalization, growing consumer demands on transparency, the pertinence of sustainable development and technological advancements, procurement and supply chain professionals have been highlighted as an integral part of their organizations. Responsible Sourcing. Total Value Ownership (TVO). Circular Economy.