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How to build a successful procurement strategy

IBM Supply Chain Blog

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. When implemented with clear objectives, the procurement strategy will provide a roadmap for procurement managers to follow.

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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.

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There Are Not Enough Women Supply Chain Leaders!

Supply Chain Game Changer

Women Supply Chain Leaders article and permission to publish here provided by Sam White at argentus.com. Women have made tremendous strides in the Supply Chain Management profession. Time was, Supply Chain Management was seen as an outgrowth of a blue collar profession. What’s more?

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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.

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Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

At this basic level your team performs the traditional Procurement functions of finding suppliers, getting quotes, negotiating prices and terms, putting contracts in place, placing purchase orders, and managing day to day issues. It tends to be a more reactive organization focussed on managing day to day tasks and fires.

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Shortage vs. Surplus: Causes and Definitions

Finale Inventory

Causes like supply management, marketing strategies and planning are all things businesses should focus on to prevent surpluses and shortages as much as they can. Continue reading for more information about shortages and surpluses and how Finale Inventory’s scalable inventory management system can help your business thrive.

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Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

At this basic level your team performs the traditional Procurement functions of finding suppliers, getting quotes, negotiating prices and terms, putting contracts in place, placing purchase orders, and managing day to day issues. It tends to be a more reactive organization focussed on managing day to day tasks and fires.