Remove Global sourcing Remove Procurement Remove Supply chain resilience
article thumbnail

Do the MRO trends of the 2004 Acres of Diamonds paper endure in 2025?

Procurement Insights

This is due to factors such as fragmented procurement, lack of centralized contracts, supply chain disruptions, and rapid adoption of new technologies 3 5. Direct materials are usually managed with formal procurement processes and long-term contracts, which dampen price volatility and create predictability.

Price 75
article thumbnail

The Key Benefits of Outsourcing to Managed Procurement Services

Empowering CPO

Introduction In an era where businesses are increasingly seeking efficiency, cost-effectiveness, and agility, the role of procurement has become more critical than ever before. This is where the concept of managed procurement services comes into play. The role of procurement services in businesses is multifaceted.

professionals

Sign Up for our Newsletter

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

article thumbnail

How Supplier Risk Management needs to evolve in 2021

Zycus Cognitive Procurement

Now that the situation is slowly moving towards normalcy, supply chain and procurement teams are under insurmountable pressure to monitor and mitigate supplier risks and compromise competitiveness closely. The post How Supplier Risk Management needs to evolve in 2021 appeared first on Zycus Procurement Blog.

article thumbnail

What Do Procurement Organizations From Estee Lauder, Duke Energy, And Virginia Have In Common?

Procurement Insights

Companies leveraging this approach gain 612 months lead time to mitigate disruptions, optimize supply chains, and capitalize on emerging opportunities. This isn’t retrospective theorycraftingit’s a real, operational decision framework that reframes procurement as a predictive function, not just a reactive one.

article thumbnail

100 Years Of Tariffs And Supply Chains: What We Do Know And What We Should Know

Procurement Insights

The following article is from the the current issue of The Procurement Italia Magazine. – Micol Barba, Editor in chief&Congress organizer WHAT 1930 CAN TEACH US ABOUT TARIFFS AND SUPPLY CHAINS IN 2025 There is an old saying that the more things change, the more they stay the same. Tariff plan on U.S. 2018 tariffs).