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Today, marketing without a business plan in place is nearly impossible if you want to drive results—and it's even more true in the manufacturing sector. You need to align your strategy of bringing in new clients with how you're planning to expand into new markets, work at capacity, and expand your company. Industrial marketing can help you create a competitive strategy and drive financial success.
• Vendor management is the sum of all activities a company undertakes to maximize the value of the relationship they have with its vendors. This includes but is not limited to listing probable vendors, comparing prices, quality checks, cost control, and risk management. • Effective vendor management takes combined efforts across departments and therefore purchasing […].
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
There’s no doubt that procurement and supply chain are at the heart of some of the most challenging and stimulating issues we face as a society – climate change acceleration, geopolitical manoeuvrings, increased volatility and disruption, rampant inflation, to list just a few. Neither is there any doubt that the role and influence of business leaders will continue to grow over the coming decade as we grapple with the types of challenges listed above.
33 Procurement Interview Questions in 2022. Success! First Name. Email. Download Free PDF. Or receive our famous weekly newsletter. Supply Chain Planning — The Ultimate Guide of 2022. Supply chain planning helps organizations to meet customer demands efficiently. However, to achieve this, you will need to have effective supply chain planning. . For this article, we will show you steps on how to create a successful supply chain plan.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Supply chain resiliency is the ability of an organization to avoid, absorb and recover from the business impact of disruptions through a risk-balanced approach to product, supply chain strategy and network design.
“‘Go live’ is not a business outcome. Because there is a lack of clarity as to what the target business. The post [Pod] Digital Procurement Is Not Easy: Don’t Go It Alone w/ Anthony Mignogna and Claire Sexton appeared first on Art of Procurement.
Using drones for inventory control presents extraordinary benefits. Still, barriers to adoption persist—including the fear of investing in bleeding-edge technology with no guarantee of achieving real results.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
Organizations are recalibrating to address supply chain pressures and disruptions amidst the changing world order. To build resilience, incorporating strategic technologies that solve their unique needs is critical.
Categories: Procurement Systems & Architecture , Supplier Information Management , Supplier Management , Suppliers Tags: PRO In this Spend Matters PRO Vendor Analysis we give an overview of Trust Your Supplier (TYS), a solution built to enhance supplier management that focuses on enabling its customers to identify and qualify suppliers most efficiently and effectively.
Environmental, Social, and Governance, or ESG for short, is not a new concept. You can think of it as a more evolved and measurable form of Corporate Social Responsibility (CSR). With growing pressure on businesses worldwide, developing an effective ESG strategy for your organization ensures that all transactions with suppliers are conducted in a way that aligns with these principles.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
DSV CEO Jens Bjørn Andersen tells the WSJ that he’s looking to expand his reach in the U.S. as he revives a strategy that has helped build the Danish operator into the world’s third-largest freight forwarder.
Strategic supplier relationship management (SRM) is a key factor for driving competitive advantage for multi-national organizations. In fact, it’s as important to get the best value from key partners as it is to get the best contribution from employees. Toyota is an example of a company that has excelled in supplier management, giving them a competitive edge that enabled them to transform from a small regional manufacturer into the largest automotive company in the world.
Suppliers are becoming increasingly important and powerful—it can feel like a supplier’s world. CEO of Fine Tune, Rich Ham , reiterated the importance of this awareness when he declared: “It’s time to sound the alarm.” So, what can procurement practitioners do with this supplier power struggle? How can procurement practitioners improve supplier performance in a suppliers’ world?
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Our “Procurement Experts on CPO Rising” series continues today with an excerpt from my 2021 episode of the Procurement Rising Podcast — Ian Maher, former Vice President and Head of Strategic Sourcing for Global Atlantic Financial Group (click to listen to the full interview). Note that this excerpt has been edited for readability. This is Part Two of […].
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