article thumbnail

#1! Are you a Supply Chain Digital Champion?

ivalua

As the demands on supply chains continue to increase, so do the expectations of consumers. Consumers also expect transparency – in product origin, quality standards, and how organizations are improving their environmental and sustainability efforts. . Leveraging Technology to Transform The Supply Chain.

article thumbnail

What is supply chain sustainability?

IBM Supply Chain Blog

Your customers, employees and shareholders want to know you have a plan to address supply chain sustainability. Supply chain sustainability is defined as embedding environmental, social or corporate governance considerations as raw materials are sourced, converted to products and delivered to market.

professionals

Sign Up for our Newsletter

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

article thumbnail

Transparency is the first step to securing global supply chains

SupplyShift

The coronavirus pandemic has disrupted supply chains around the globe and brought intense scrutiny to management strategies. Manufacturing industries such as apparel, auto parts and semiconductors have been hit particularly hard as factories shut down in China, followed by other global supply regions. But that’s just the start.

article thumbnail

Transparency is the first step to securing global supply chains

SupplyShift

The coronavirus pandemic has disrupted supply chains around the globe and brought intense scrutiny to management strategies. Manufacturing industries such as apparel, auto parts and semiconductors have been hit particularly hard as factories shut down in China, followed by other global supply regions. But that’s just the start.

article thumbnail

Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. When Covid-19 hit, supply chains across the globe nearly came to a halt. Procurement Teams Step-up.

article thumbnail

Smarter Insights, More Innovative Solutions: Why Procurement Needs a Seat at the Strategy Table

Pipefy

To do this, procurement teams require visibility into their data, control over their processes, and a seat at the business strategy table. In the same survey, more than two-thirds (67%) of business leaders in finance departments sought out process automation because of its potential for increasing efficiency.

article thumbnail

What Does Finance Think of Procurement?

Arkestro

We’ll break them down into two groups: efficiency and ROI. Efficiency Both CFOs and CPOs prioritize efficient spending down to the last dollar. Here are just a few of the metrics CFOs look at when examining procurement process efficiency: Cost of Purchase Order: What are the internal costs associated with each purchase?