article thumbnail

Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

Procurement’s value became evident, as did the importance of the supplier relationships they had built. As a result of the disruption, cost management and supply chain visibility were suddenly top of mind for executive leadership teams. . You can download Gartner’s full report here.

article thumbnail

What Are The Pressures That Procurement Faces In 2023 And Beyond?

Barkers Procurement

Questions such as: What vulnerabilities do current suppliers have? What are the events impacting the end-to-end supply chain? How are suppliers managing the Cost of Goods Sold (COGS)? What measures such as product value engineering or alternative raw materials can be implemented to mitigate pressures?

professionals

Sign Up for our Newsletter

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

article thumbnail

Supply Chain as a Service (SCaaS): A Golden Opportunity for the Supply Chain Industry

SCMDOJO

SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. SCaaS providers typically use advanced technologies like artificial intelligence, machine learning, and blockchain to improve visibility, traceability, and collaboration across the supply chain.

article thumbnail

Counterintuitive strategies to navigate the recession: Part 2

Zycus Cognitive Procurement

Engage with your vendors and suppliers to work through the contract review process with a win-win mindset. You may provide better demand visibility to the vendor partner. Review your ‘Supplier Risk and Performance Management solution to prioritize renegotiations with suppliers whose performance has been below par.

article thumbnail

What’s Next for Digital Procurement?

Jaggaer

Our survey shows that most procurement teams are there already with many applications: SRM, eSourcing, and eProcurement are in place. They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) This will play a vital role in making organizations more agile and reducing supplier risk.

article thumbnail

5 steps for Procurement to impact on financial results

Claritum

This automation can be achieved with either the right investment in eProcurement. are adhered to and that there is appropriate supplier selection. strategic suppliers, approved suppliers and competitive bids for. Securing competitive suppliers for Indirect Spend categories. effective supplier.

article thumbnail

5 steps for Procurement to impact on financial results

Claritum

Focus Procurement on supplier optimisation. This automation can be achieved with either the right investment in eProcurement technology (platforms that enable users to buy goods and services without involving procurement people.) Securing competitive suppliers for Indirect Spend categories. Claritum Article - Procurement Blog.