Procurement Insights

JANUARY 3, 2025

20202024: Procurement as a Strategic Business Partner Accelerated Evolution During the COVID-19 Pandemic : The pandemic underscored procurement’s role in ensuring supply chain resilience , managing disruptions, and navigating shortages. CEOs recognized procurement as critical to organizational resilience and agility.

Agile and Lean Supply Chain

Let's Talk Supply Chain

MARCH 2, 2025

In this fast-paced economic landscape, the importance of strategic supplier relationship management cannot be overstated. Let’s set sail on a journey towards efficient and effective supply chain management. To navigate these‍ uncertainties, implementing proactive risk mitigation measures is crucial.

Supplier relationship management

Supply Chain Game Changer

JULY 19, 2025

Political instability, shifting trade tariffs, and economic fluctuations make supply chain resilience a top priority. Equally important is ensuring your team is trained to use these tools effectively to maximize their benefits. How do you navigate geopolitical uncertainties? Diversification.

Supply Chain Efficiency

Arkestro

DECEMBER 26, 2024

Sustainability Will Be a Top Priority for Procurement Teams in 2025 Sustainable procurement initiatives will continue to grow in importance in 2025. Strengthening supplier partnerships can help improve supply chain resilience, ensure competitive pricing, spark co-innovation in procurement practices, and foster loyalty with trusted partners.

Supply Chain Efficiency

Jaggaer

FEBRUARY 28, 2025

However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models. PwCs 2024 Digital Procurement Survey highlights the importance of this shift.

Agile and Lean Supply Chain

Let's Talk Supply Chain

MAY 16, 2025

One key consideration is diversifying sourcing locations to minimize the‍ impact of tariffs on imported goods. By fostering stronger partnerships and exploring sourcing options, the company aims to enhance its supply chain resilience in the face of evolving trade policies.

Sourcing

Jaggaer

OCTOBER 24, 2024

This is particularly important in industries where speed to market is crucial. Supply chain resiliency & risk mitigation Resiliency has become a key concern for businesses in a dynamic market environment. Ultimately, the reputation of both the buying organization and its suppliers is at stake.

Collaboration

Jaggaer

FEBRUARY 13, 2025

They want to transition their operations in line with the science on climate change, not least because this brings benefits in terms of reputation and brand value, which are increasingly important in the battle to win customers and talent. As companies seek to address these issues, the role of procurement is changing.

Leadership

Let's Talk Supply Chain

MARCH 2, 2025

Alongside this, the Institute ‍for Supply Management has also made waves with their latest updates. let’s delve into the‍ latest supply ‍chain ‍news roundup and uncover the critically‍ important insights shaping the‍ industry landscape.

Supply Chain Optimization

ivalua

AUGUST 6, 2025

Strategic Importance of Indirect Procurement When it’s managed strategically, indirect procurement offers significant opportunities for business impact. Let’s look at some of the most measurable benefits.

Real-time Visibility

TYA Suite

NOVEMBER 15, 2024

This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. What is the importance of supplier risk management? Supplier risk management is extremely important for businesses as it prevents operations against potential disruptions.

Risk management

TYA Suite

MAY 23, 2025

As businesses face increasing pressure to improve operations, control expenses, and stay ahead of market demands, the need for improved supplier relationships has never been more important. has an important role to play. Here are three key reasons why its so important: 1.

supply chain software solutions

Procurement Insights

APRIL 4, 2025

While supply chain is addressed, its secondary to procurement excellence, making it a top pick for procurement specialists seeking practical tools. It integrates supply chain resilience and ESG into procurement strategies, offering practical insights through case studies and global CPO keynotes.

Supply Chain Efficiency

ivalua

MAY 28, 2025

Our CPO Pascal Bensoussan highlighted the importance of meaningful contributions across all teams and how they revolutionize the way we drive innovation. Saric was then joined on stage with one of our transformative customers–Geoffrey Gates, Senior Director of P2P and Technology for Supply Chain and Support Services at Cleveland Clinic.

Agile and Lean Supply Chain

Barkers Procurement

MAY 7, 2025

In a world where geopolitical uncertainty is becoming commonplace, and retailers must stay resilient, leaders would be wise to apply a lesson from the past: make visibility an absolute priority. When Covid-19 first hit five years ago, retailers experienced the need for supply chain resilience.

Agile and Lean Supply Chain

Jaggaer

OCTOBER 24, 2024

This resilience can be defined as “ the ability of a central procurement and supply management function to prepare for unexpected events, respond to disruptions, recover, and emerge even stronger. ” Manufacturers cannot foresee every risk, inconvenience, or disaster, but they can equip themselves to handle the unexpected and come out on top.

Collaboration

Jaggaer

APRIL 16, 2025

Many procurement teams are being asked to deliver value beyond savings alone , strengthening supply chain resilience, reducing compliance risk, and advancing ESG and sustainability goals, at greater speed and without headcount increases. On the demand side, there is pressure to do more with less.

Procurement

TYA Suite

JUNE 22, 2025

This improves supply chain resilience and fosters stronger, more reliable supplier relationships. However, it’s important to view this as a strategic investment rather than just a cost. Without proper filtering, prioritization, and analytical tools, important insights can get lost in the noise.

Procurement

Let's Talk Supply Chain

MAY 2, 2025

Companies are reevaluating their supply chain operations to better manage financial resources amid the uncertainty and volatility caused by trade tensions. This shift is part of a broader industry-wide trend, as businesses increasingly recognize the critical importance of optimizing cash flow to weather economic disruptions.

Agile and Lean Supply Chain

TYA Suite

JULY 23, 2025

During this process, important elements like: ⇒ Business registration and legal standing ⇒ Compliance with industry standards and regulations ⇒ Data protection and cybersecurity practices How much does vendor due diligence help businesses? It’s important to keep monitoring the vendor regularly, especially for long-term partnerships.

supply chain software solutions

SCMDOJO

APRIL 11, 2025

A resilient supply chain is one that can absorb shocks and continue functioning with minimal disruption. An adaptable supply chain can quickly adjust to changes in demand, supply, or other external conditions. The burden of paying import duties on unsold stock can also be substantial.

Agile and Lean Supply Chain

Supply Chain Dive

JULY 21, 2025

For many companies, especially those relying on imported components or finished goods, these shifting barriers can wreak havoc on cost structures, customer pricing, and even product viability. But while the global trade environment continues to challenge supply chain agility, businesses are not helpless. Similarly, the U.S.

Agile and Lean Supply Chain

Procurement Insights

FEBRUARY 27, 2025

. “A 2023 survey by KPMG highlights this transition, revealing that procurement leaders are now focusing on supply chain resiliency (68%), introducing new products or expanding into new markets (65%), and improving margins through cost reduction (71%).

Agile and Lean Supply Chain

Procurement Insights

APRIL 27, 2025

Using the 4-Model RAM assessment framework, what are the top five procurement and supply chain issues the following industries face in 2025: Finance, Energy and Utilities, Pharmaceuticals, Food and Beverage, and Automotive? So, who is more accurate in their assessment?

Supply chain resilience

Let's Talk Supply Chain

MARCH 3, 2025

Furthermore, supply chain resilience continues to be a top priority for businesses, with an emphasis on diversifying sourcing locations and building agile, responsive supply networks.

Supply Chain Optimization

Jaggaer

APRIL 9, 2025

Here are eight important benefits that arise from this: Improved production efficiency: MES optimizes workflows, reduces downtime, and ensures smooth coordination between machines, materials, and labor. IIoT, artificial intelligence and blockchain being some of the most important.

Supply Chain Efficiency

SCMDOJO

AUGUST 22, 2023

Discover the power of sustainable procurement in enhancing supply chain resilience and brand reputation and learn about its importance.

Sustainability

Let's Talk Supply Chain

APRIL 17, 2025

This initiative comes at a crucial time when global disruptions have underscored the importance‍ of robust supply chains. By leveraging Dun & Bradstreet’s expertise, companies can proactively identify vulnerabilities, optimize their supplier networks, and strengthen overall supply chain resilience.

Supply Chain Optimization

Finale Inventory

JULY 18, 2025

It's important to distinguish between the reorder point (when to order) and the reorder quantity (how much to order). Supply Chain Resilience Recent global disruptions have taught inventory planners to build additional buffer into their calculations.

Inventory

Procurement Insights

APRIL 24, 2025

Thank you for making us think or rethink what supply chain resilience really means: I wrote an article for The Procurement Italia magazine, which will be published on May 5th ( Micol Barba ). The article is titled “What 1930 Can Teach Us About Tariffs And Supply Chains In 2025.” WTO disputes).

Supply chain resilience

Procurement Insights

DECEMBER 3, 2024

” – (Multiple Sources) “When you look at the importance of [environmental, social and corporate-governance efforts], you can clearly see a huge peak in 2021 to 2022 where there was also a lot of action off the back of” the Glasgow COP26 climate conference in 2021, said Torsten Lichtenau, Bain’s global carbon transition practice lead.

Chief Procurement Officer

SCMDOJO

MAY 23, 2025

They also reduce cost by minimizing waste, downtime, and overproductionturning resilience into a competitive advantage. Not sure where your supply chain stands? SCMDOJOs Supply Chain Resilience Self-Assessment Tool enables businesses to evaluate their current resilience posture and identify key vulnerabilities.

Leadership

Finale Inventory

JULY 18, 2025

How can companies improve resilience in their supply chain? Companies can improve supply chain resilience by implementing multi-faceted strategies. Start with comprehensive visibility – deploy systems that track inventory across locations and throughout the supply pipeline.

supply chain software solutions

Procurement Insights

JUNE 1, 2025

The theory distinguishes itself from general signal detection by emphasizing the importance of identifying relationships between disparate data sources that individually might not indicate risk but collectively reveal emerging threats. Overall: Enhanced supply chain robustness, cost savings, and competitive edge in drug delivery.

supply chain budgeting

Procurement Insights

APRIL 18, 2025

Tariffs and Trade Policy: New and proposed tariffs (up to 60% on Chinese imports) are expected to directly impact hardware prices in 2025 and beyond. Disasters, droughts, power outages, and geopolitical tensions (especially in Taiwan and China) continue to disrupt production and logistics, leading to rapid swings in availability and cost 2.

Price

Procurement Insights

MAY 7, 2025

and Euro- pean supply chains in both the short term Editor and lead writer Procurement Insights Blog WHAT 1930 CAN TEACH US ABOUT TARIFFS AND SUPPLY CHAINS IN 2025 a cura di Jon Hansen FOCUS FOCUS (within 1-2 years of implementation) and longer term (3-10 years), Ill analyze trade disruptions, supply chain resilience, and adaptation dynamics.

Supply chain

SCMDOJO

MAY 27, 2025

To deepen your understanding of import/export regulations, local sourcing mandates, and customs strategy, the Global Trade Management Course equips you with vital skills for managing cross-border supply chain risks. Overlapping Trade Laws: Different countries have their own rules on imports, exports, and local sourcing.

supply chain software solutions