Remove Chief Procurement Officer Remove Supply chain resilience Remove Sustainability
article thumbnail

Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

According to a McKinsey report, firms that develop strong supplier partnerships are 35% less likely to experience significant supply disruptions. Improving Cost and Quality Every decision in strategic sourcing impacts the total cost of ownership, the quality of goods or services, and supply chain resilience.

article thumbnail

The Four Critical Points of Stakeholder (Agent) ESG Alignment

Procurement Insights

STAKEHOLDER (AGENT) 1 What are the top five concerns for Chief Procurement Officers? Collaborative efforts between buyers and suppliers, along with better tools, education, and incentives, can help overcome these barriers and foster a more sustainable supply chain.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Navigating the Top 3 Procurement Challenges in 2025

Jaggaer

Procurement Priorities for 2025 and Beyond The manufacturing industry is evolving rapidly, leaving Chief Procurement Officers (CPOs) grappling with challenges that could make or break their organizations. Lets dive into these critical issues and explore actionable strategies that help CPOs navigate the path forward.

article thumbnail

Why retailers can’t navigate the next disruption without visibility

Barkers Procurement

In a world where geopolitical uncertainty is becoming commonplace, and retailers must stay resilient, leaders would be wise to apply a lesson from the past: make visibility an absolute priority. When Covid-19 first hit five years ago, retailers experienced the need for supply chain resilience.

article thumbnail

Thinking Carbon Reduction in 2025 – What Every CPO Needs to Consider

Barkers Procurement

In practice, this means that business leaders, including Chief Procurement Officers (CPOs), should gauge whether they are making a meaningful impact on their carbon footprint and net zero policies. Next, evaluate supply chain resilience. There is no doubt that the pressure is on.

article thumbnail

Supply Chain Innovation + Automation: How Körber is Positioning Procurement for the Future

ivalua

The global supply chain is undergoing an incredible transformation that will change the way we do business. Today, organizations are looking to build supply chain resilience and maximize opportunities for growth as we pivot and prepare for unexpected global events. . Session REPLAY. Körber + Ivalua.

article thumbnail

Procurement In My Lifetime: A Timeline Of Understanding (1959 to 2024)

Procurement Insights

” – Albert Einstein It started as a simple exercise: ask ChatGPT, “What are the Top 3 concerns for Chief Procurement Officers in 2025?” What are the Top 3 concerns for Chief Procurement Officers in 2025? What are the Top 3 concerns for Chief Procurement Officers in 2023?