This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChainResilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Create speed and transparency.
From this discussion, we compiled a list of 8 critical supplychainmanagement activities that to improve, build, and maintain supplychainresilience now and in the years to come. Related Content: How to Assess Potential Risks to your SupplyChain. Create speed and transparency.
Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to categorymanagement and strategic sourcing. The answer is simple – automation.
They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supplychainmanagement activities that can help Procurement teams build and maintain supplychainresilience now and in the years to come. Create speed and transparency.
Furthermore, sustainability goals must be balanced with the need for cost-savings, supplychainresilience and meeting industrial strategy objectives. This means that other crucial aspects of procurement, like categorymanagement, stakeholder engagement, and innovative problem-solving, are often neglected.
Procurement stands at the center of several competing aims and objectives: cost savings, compliance, reputation, innovation, finance and supplychainresilience. At H&Z we have developed a three-step approach to addressing this challenge: First, measure the emissions related to the companys supplychain.
But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Introduction A. Understanding Procurement A.
Overcoming these challenges requires a collective effort from organizations, leaders, and individuals to create a more inclusive and supportive environment for women in the supplychain. Why SupplyChain is a Great Career Choice for Women? Maryna has: 5 years of experience in procurement training and consulting.
This resilience can be defined as “ the ability of a central procurement and supplymanagement function to prepare for unexpected events, respond to disruptions, recover, and emerge even stronger. ” Manufacturers cannot foresee every risk, inconvenience, or disaster, but they can equip themselves to handle the unexpected and come out on top.
But if there’s one advantage, it’s that crisis creates change and the potential for innovation. Companies Will Scale Their Procurement Knowledge Base and Enablement Programs To Attract and Retain A New Profile of CategoryManagement Talent. As Winston Churchill once said, “Never let a good crisis go to waste.”
We spend about a billion pounds each year through our supplychain of approximately 500 suppliers. I have a team of 30 people with end-to-end categorymanagement responsibility. Procurement and supplier management are carried out by separate teams under my leadership.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content