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For the short-term, a shift to local production alleviated reliance on Asian suppliers and helped mitigate risk, but a longer-term solution will require identifying opportunities to optimize costs, find alternative suppliers and enhance supplychainvisibility. Enter eProcurement. Opportunity Awaits.
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. Procurement Teams Step-up. When Covid-19 hit, supplychains across the globe nearly came to a halt.
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Claritum Article - Procurement Blog. Plus, with this approach to purchases there is no supplychainvisibility. Resulting in the risk of reputational damage and supply delays associated with shipping across borders. Essential is to get the right specialist procurement technology in place. Introduction.
With these purchases there is no supplychainvisibility resulting in the risk of repetitional damage if produced by a dodgy supplier and no control over shipping across borders, such as customs delays. Buying in this way means that companies are offered no price leverages and so often end up over paying for goods.
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