Procurement Insights

JUNE 1, 2025

Benefits: Sourced local suppliers, saving 1015% on tariffs; used ZIP for procurement efficiency. Overall: Sustained operations, cost control, and ESG-driven branding. Revlon Industry: Cosmetics, reliant on retail and global sourcing. Benefits: Saved 1020% on tariffs; used Coupa for efficiency.

supply chain budgeting

Procurement Insights

MAY 7, 2025

Difference: 1930 crippled chains; 2024 disrupts but sustains functionality. suppliers leverage softens as global sourcing (e.g., Difference: 1930 killed negotiations; 2024 pressures but sustains them. EU intermediates) sustain talks, moderating outcomes. 10-15% trade re- direction). Mexico) competes.

Supply chain

Procurement Heads

MARCH 27, 2023

I’m also committed to making sure that we don’t ignore sustainability, EDI and social value which all need to be included in our bids and we’re in a perfect position in procurement to make sure that our colleagues are including that as part of their decision-making process when they’re evaluating quality bids coming through.

Sustainability

IBM Supply Chain Blog

JANUARY 31, 2024

A sole-source strategy, on the other hand, is a situation where there is only one supplier for a particular product or service, negating the ability for businesses to choose alternatives. Global sourcing Global sourcing is sourcing goods or services from suppliers in global markets.

Sourcing

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. By adopting a TCO mindset, organizations can make more informed decisions that contribute to long-term financial sustainability.

Strategic sourcing

Supply Chain Opz

MARCH 21, 2014

As a result, issues in global supply chain management such as international trade, international transportation, global sourcing , regulatory compliance, risk management , humanitarian and sustainability won''t go away any time soon. Global supply chain environment is dynamic and many issues changes quickly.

Supply chain

ivalua

JUNE 2, 2016

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. Sustainability. Globalization. Burton predicts that China and Brazil will become hubs for global sourcing.

Supply Chain Efficiency

SCMDOJO

JANUARY 30, 2023

During her tenure as a supply chain professional, Barra has been credited with implementing a new global purchasing and supply chain system, which helped GM reduce costs and improve its supply chain operations.

Agile and Lean Supply Chain

Una

JUNE 1, 2023

From supplier relationship management and global sourcing to risk assessment and sustainability initiatives, each day brings new hurdles to overcome. As a procurement professional , you’ll gain a broader perspective and develop valuable intercultural skills that are highly valued in today’s global marketplace.

Procurement

NLPA (Next Level Purchasing Association)

DECEMBER 11, 2024

Making Sustainability More Than Just a Buzzword In 2024, sustainability wasnt just a nice-to-have; it became a must-have for procurement teams. Companies doubled down on sourcing responsibly, reducing waste, and ensuring their supply chains supported broader environmental goals.

Procurement strategies

ivalua

MAY 18, 2022

Such solutions, especially if embedded in spend management suites, can help unify data across the enterprise and fix duplicates and other issues at the source. A lack of technology to enable supplier collaboration was identified as the top obstacle to improving sustainability and top 3 for improving innovation.

Suppliers

ivalua

MAY 9, 2023

As the lynchpin to suppliers, they play a pivotal role in combatting the effects of inflation, ensuring supply continuity, complying with regulatory requirements, improving sustainability and other top business priorities. The biggest gains in sustainability typically come from working with suppliers rather than finding new ones.

Agile and Lean Supply Chain

IBM Supply Chain Blog

FEBRUARY 13, 2024

Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. 3 Building a viable and sustainable ecosystem of partners is complex.

Strategic sourcing

Supply Chain Opz

MARCH 21, 2014

As a result, issues in global supply chain management such as international trade, international transportation, global sourcing, regulatory compliance, risk management, humanitarian and sustainability won''t go away any time soon. Global supply chain environment is dynamic and many issues changes quickly.

Supply chain

World of Procurement blog

APRIL 23, 2024

Global Sourcing : Navigating international sources of supply and understanding global market dynamics. Sustainability and Social Responsibility : Integrating eco-friendly and ethical considerations into procurement processes. Category Management : Managing product or service categories as strategic business units.

Procurement

World of Procurement blog

APRIL 23, 2024

Global Sourcing : Navigating international sources of supply and understanding global market dynamics. Sustainability and Social Responsibility : Integrating eco-friendly and ethical considerations into procurement processes. Category Management : Managing product or service categories as strategic business units.

Procurement

Empowering CPO

JANUARY 28, 2024

Introduction In the dynamic realm of procurement, organizations strive to not only meet their immediate needs but also to establish sustainable and cost-effective supply chains. Sustainability in Procurement: Incorporate sustainable practices into your initiatives.

Strategic sourcing

Una

JUNE 1, 2023

From supplier relationship management and global sourcing to risk assessment and sustainability initiatives, each day brings new hurdles to overcome. As a procurement professional , you’ll gain a broader perspective and develop valuable intercultural skills that are highly valued in today’s global marketplace.

Procurement

SCMDOJO

APRIL 16, 2025

These industries rely heavily on real-time supply chain coordination and demand accurate, timely deliveries of components to sustain operations without idle inventory. To address these concerns, some Indiana-based firms are investing in more sustainable transport models. The average cost of a supply chain disruption is estimated at $1.5

Supply Chain Efficiency

World of Procurement blog

APRIL 24, 2024

This certification is crucial for professionals aiming to optimize their organization's supply chain and ensure its sustainability and success in a global economy. It is especially valuable for professionals involved in global sourcing, international logistics, and cross-cultural negotiations.

Procurement

Pipefy

JANUARY 30, 2024

The global source-to-pay and procure-to-pay outsourcing market is expanding rapidly with the market expected to reach $55.8 billion by 2028. This increases oversight of purchasing patterns and streamlines communication and work handoffs between teams via process automation. That means less errors, rework, or duplicated efforts.

Agile and Lean Supply Chain

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Initiatives that prioritize environmentally friendly practices, fair labor, and responsible sourcing improve brand reputation and mitigate potential legal and reputational risks. Remember that procurement transformation is an ongoing process, and staying adaptable and innovative is key to sustained success.

Procurement

IBM Supply Chain Blog

JANUARY 16, 2024

Successful companies fuse product development practices with overarching business strategies to ensure sustainable innovations that will resonate efficiently and sustainably with customers—both in existing markets and among new target audiences.

Product development

Empowering CPO

JULY 5, 2023

By aligning procurement strategy with broader business objectives, it can help organizations achieve their goals more effectively and sustainably. They began to take on a more strategic role, with responsibilities such as supplier relationship management, risk management, sustainability initiatives, and even innovation sourcing.

Management

Procurement Software

JANUARY 23, 2024

Specific and sustainable supplier catalogues are included, allowing users to benefit from Hivebuy’s bulk buyer conditions. Along with a cloud-based supplier search engine that aims to fully automate global sourcing. Budget management and control features allow for transparent presentation and allocation of budgets.

Procurement

Positive Purchasing

SEPTEMBER 22, 2022

It now owns 15 of the 17 cobalt mines in the Dominican Republic of Congo, the biggest global source of cobalt. This is why sustainability represents such added value. For example, China has progressively bought up huge swathes of land for agricultural use in the sub-African continent. The challenge for procurement.

Procurement

Supply Chain Game Changer

NOVEMBER 25, 2018

Globalization :- This is driven both through companies taking their products to new geographies and requiring the supply chain to “stretch” and enable this. Thinking about how messaging, approach and timing may need to adapt to different cultures to sustainably deliver change should never be over looked.

Leadership

Una

OCTOBER 17, 2023

By Mackenzie Oakley | January 5, 2023 Search Search While cost savings is likely at the forefront of any procurement initiative, the profession continues to evolve with more focus than ever being placed on risk reduction, sustainability, strengthening supplier relationships, compliance and business continuity.

supply chain budgeting

SupplyShift

APRIL 27, 2021

Here, cotton yarn is mixed from a variety of global sources into large sheets that are then sent downstream for further production. Using tools like the new YESS (Yarn Ethically and Sustainably Sourced) Initiative, brands can empower yarn spinners to implement effective due diligence systems when it comes to their own yarn sourcing. .

Supply Chain Efficiency

Supply Chain Game Changer

MARCH 30, 2021

On top of that we have all other forms of economic growth, the expansion of outsourcing and global sourcing, all of which drive ever increasing demand on the over the road transportation of goods. They are also including capabilities related to sustainability demands. ” Conclusion.

supply chain software solutions

SupplyShift

APRIL 27, 2021

Here, cotton yarn is mixed from a variety of global sources into large sheets that are then sent downstream for further production. Using tools like the new YESS (Yarn Ethically and Sustainably Sourced) Initiative, brands can empower yarn spinners to implement effective due diligence systems when it comes to their own yarn sourcing.

Supply Chain Efficiency

SCMDOJO

FEBRUARY 29, 2024

Current State of Supplier Performance Management Nowadays, the interest in improving supplier performance management methods has increased due to the increase in global sourcing and that of the global economy in particular (Gordon Sherry R, 2008).

Suppliers

Claritum

JUNE 13, 2019

Corporate Social Responsibility (including Ethical, green and sustainable supply). Multiple / global sourcing of critical components. Consumables. Logistics / Freight. Constant change and need to remain flexible. Cost (value) management. Market Intelligence. Effective procurement data analytics. Process Optimisation.

Procurement

Procurement Heads

MARCH 7, 2023

International Women’s Day 2023’s #EmbraceEquity campaign theme aims to drive our reflection on ‘Why equal opportunities aren’t enough ’ to drive sustainable progress. “In Tchiya Makasa, Global Sourcing Lead, JLL “Gender equity will bring about gender equality!

Leadership

Positive Purchasing

MAY 3, 2024

Category Management in Purchasing , now in its 5th edition, is a comprehensive and practical guide to approaching purchasing and procurement strategically, effectively, and sustainably through category management. The new edition provides key updates to the 5i® Category Management methodology with sustainability embedded at every step.

Category management

Positive Purchasing

APRIL 11, 2022

But a number of crises have caused companies to question that and we have also seen price hikes associated with global sourcing. Sustainability We used to not care about the treatment of labor in a Malaysian factory, or that our Indian suppliers were powered by coal-based energy. It costs to move away from some low-cost sources.

Raw materials