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How to Use Group Purchasing as a Cost Reduction Strategy

Una

In this article, we’ll explore ways to achieve cost reduction in procurement and ensure business continuity in times of economic uncertainty. Likewise, manufacturers hit by falling demand also had to deal with impacts on the supply-side , particularly those who rely on China for key parts or components. in April 2020.

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Russia’s Arctic Expansion: The Future of Global Shipping

SCMDOJO

With untapped oil and gas reserves and melting polar ice, the Arctic presents an opportunity for Russia to access these resources. Normal ships cannot travel through these routes, and ice-breaking ships are required to clear out the ice. Russia’s strategic location between Europe and Asia places it in a vital position for trade.

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The Future of Procurement

Una

This left procurement organizations and departments scrambling to find more strategic alternatives to not only survive but carve out their place in an evolving global market. So, we discovered a few things after scouring countless online consulting resources, using hand-me-down dowsing rods, and shaking our professional Magic 8-ball user.

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The Future of Procurement Is Upon Us. Are You Ready?

ivalua

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management. Burton predicts that China and Brazil will become hubs for global sourcing. Sustainability.

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Supply Chain Woes with Inflation Rising … What’s Next?

Supply Chain Game Changer

Inflation rising article and permission to publish here provided by Olivia Alex. Sadly, with the advent of the Covid-19 pandemic, many global organizations had to rethink their supply chain strategy , especially those who depended solely on China for their requirements of raw or finished materials. What happens next?