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How to build a successful procurement strategy

IBM Supply Chain Blog

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

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Transparency is the first step to securing global supply chains

SupplyShift

The abrupt shift in shopping patterns and demand for certain consumer goods and medical supplies compounded the problem and revealed the risk of maintaining small inventories through just-in-time sourcing. In this broader context, supply chain transparency is much more than just a short-term strategy. But that’s just the start.

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Transparency is the first step to securing global supply chains

SupplyShift

The abrupt shift in shopping patterns and demand for certain consumer goods and medical supplies compounded the problem and revealed the risk of maintaining small inventories through just-in-time sourcing. In this broader context, supply chain transparency is much more than just a short-term strategy. But that’s just the start.

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There Are Not Enough Women Supply Chain Leaders!

Supply Chain Game Changer

The rise of big data in various manufacturing and logistics industries, the development of sophisticated ERP systems, and end-to-end Supply Chain visibility has made it a crucial strategic function for companies looking to get an edge in highly-competitive industries like Consumer Goods, Food Production and Pharma.

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Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

They have an end to end view of the Supply Chain. Strategic Procurement is focussed on how to drive innovation and unique capabilities to meet end Customer and stakeholder needs and requirements. A Strategic Procurement organization does everything stated above and much more. ” Conclusion.

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Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

They have an end to end view of the Supply Chain. Strategic Procurement is focussed on how to drive innovation and unique capabilities to meet end Customer and stakeholder needs and requirements. A Strategic Procurement organization does everything stated above and much more. ” Conclusion.

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The 25 Hottest US Procurement Startups

Procurement Software

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. At its heart is a source-to-pay suite offering a range of functionality, with a complete suite of cloud-based modules. FRDM FRDM is a software company specialising in supply chain risk management.