Remove Ethics Remove Global sourcing Remove Risk management Remove Supply Chain Efficiency
article thumbnail

4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

article thumbnail

A Gameplan for Procurement Transformation

NLPA (Next Level Purchasing Association)

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

professionals

Sign Up for our Newsletter

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

article thumbnail

Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study

ivalua

Technology must be employed that supports securely sharing all relevant information between internal stakeholders and suppliers, and it must support effective planning and transparency for project teams. Disruptions, ethical and compliance risks are more likely to occur deep in your supply chain.

article thumbnail

Procurement Challenges Condensed

Claritum

To my mind, your challenges depend on where you are in transformational change within your organisation, the scope of your function within Procurement and the nature of the organisation’s supply chain. For example, is your focus on strategic long-term supply relationships to support your manufactured product? Risk Management.

article thumbnail

5 Steps Towards Modernizing Supplier Management

ivalua

At the same time, organizations have never been more exposed to risk from their supply chains, from supply continuity, quality, or ESG violations. Below, we outline the 5 steps toward modernizing supplier management, addressing both transparency and effective engagement. Gain control of your supplier data.

Suppliers 130