article thumbnail

Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. When Covid-19 hit, supply chains across the globe nearly came to a halt.

article thumbnail

10 Key Issues The Hackett Group Says Will Impact Supply Chain Transformation in 2021

ivalua

What Will Impact Procurement Processes in 2021? Supply Chain Transformation is ongoing but never more important than in 2021. Supply Chain Risk and Supply Continuity: Risk moved front and center of Procurement during the pandemic, as procurement organizations grappled with constrained supply chains.

professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

The New Look on Industrial Buying

The Good Spending

Buygrid Framework: An introduction to industrial buying theory The Buygrid Framework (1967) classical procurement theory analyzes the industrial (B2B) buying behavior and business processes. The increasing organizational interdependence in industrial buying Industrial buying is influenced by megatrends (Industry 4.0,

article thumbnail

391: Gain Supreme Power Over Your Supply Chain, With SDI

Let's Talk Supply Chain

In addition to his leadership at SDI, John is an esteemed member of the ConnexFM Technology Council, further testifying to his influence and commitment to driving technological advancements in facility management and beyond. And don’t forget to grab your free copy of the ZEUS Supply Chain Analytics Guidebook now.

article thumbnail

Elevating Supply Chain Visibility through Effective Marketing

SCMDOJO

Discover Ways to Boost Supply Chain Visibility through Digital Marketing Supply chain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Customers face significant frustrations that erode brand trust and sales without supply chain visibility.

article thumbnail

The Reality of Automation in Procurement!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. But there is the reality of automation in Procurement.

article thumbnail

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. If you are not the big "influencer" to the supplier, recognize that and find other incentives for the supplier. Supply chain cost is always flat around the optimal strategy.