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This content is part of the latest WBR Report: As the world has been readjusting to the ripple effects caused by the pandemic in the past two years, successful enterprises have developed contingency plans to protect their supply networks from future shocks to the supplychain. Taking Steps to Increase Resiliency.
Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supplychain variables. . View Webinar Replay.
What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. It also requires a focus on procurement-supplier relationships, and striving to be the customer of choice for your suppliers.
Organizations face an array of challenges, including material and labor shortages, inflation, fluctuating consumerdemand, disruptions in the supplychain, and volatile global trade relationships. In response to these challenges, the leaders must rethink their supplychain strategies, focusing on building resilience.
Organizations face an array of challenges, including material and labor shortages, inflation, fluctuating consumerdemand, disruptions in the supplychain, and volatile global trade relationships. In response to these challenges, the leaders must rethink their supplychain strategies, focusing on building resilience.
Bloomberg reported that "modest improvements are showing up" in a number of industry forecasts, with the consensus among economists that the so-called supply strain is close to being under control. And that is what really matters. Brought to you by the StrategicSourceror.
In the retail sector, collaboration with suppliers can provide retailers with real-time information about inventory levels, enabling them to respond quickly to changes in consumerdemand. Supplychainresiliency & risk mitigation Resiliency has become a key concern for businesses in a dynamic market environment.
Supplychains are particularly vulnerable during recessions. These disruptions can occur due to decreased consumerdemand, supplier instability, or logistical challenges. Consequently, it is imperative to develop a recession-proof supplychain to make them more resilient and adaptable.
Download Free Copy Reshoring vs Nearshoring: Key Differences and Business Benefits Category Inventory Written by Lyle Del Vecchio 16 min read Tags ProcurementSupplyChain Management Last edited March 12, 2025 Download PDF IN THIS ARTICLE What is Reshoring? Benefits of Reshoring Challenges of Reshoring What is Nearshoring?
Resources / Blog / How Procurement Teams Can 3X Their Influence Without Adding Resources How Procurement Teams Can 3X Their Influence Without Adding Resources Nearly 80% of procurement professionals say theyre under pressure to streamline processes, reduce errors, and deliver results faster all without extra resources.
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