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Tariffs and Procurement (Part 2): Tariff management and building an action plan

Spend Matters

Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.

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GM confident it can mitigate tariffs

Let's Talk Supply Chain

Heading 2: Leveraging Supply Chain Resilience for tariff Adaptation General Motors (GM) has announced its confidence in its ability to navigate and mitigate the challenges posed by tariffs through strategic supply chain resilience.

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2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement Insights

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

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The Four Critical Points of Stakeholder (Agent) ESG Alignment

Procurement Insights

Reference to Triple Bottom Line post Consumer decision-making regarding ESG (Environmental, Social, and Governance) goals is influenced by several concerns, which can either encourage or hinder their commitment to purchasing products and services that align with ESG principles. Reference to Scoutbee buycott versus boycott post.

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

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To that end, you have to get better at building the data, knowing what assets you have, and bringing in unstructured data from sources that exist outside the four walls of the enterprise.” Once we have the data, we have to continue to refresh it and engage with it, and that’s where analytical skills come in, Sawchcuk added. Next Steps.

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Arkestro Secures $36M in Strategic Investment to Accelerate Predictive Procurement Innovation

Arkestro

Through their investment, Altira Group and Aramco Ventures support Arkestro’s global growth efforts and recognizes its predictive procurement technology’s ability to reduce risk and enhance supply chain resilience. Learn more at www.arkestro.com.

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From Compliance to Innovation: Redefining Public Procurement in 2025

Future Purchasing

This challenge is exacerbated by a lack of visibility in government supply chains, which hinders risk management and makes it difficult to build a resilient supply chain. Organisational Challenges Skills shortages The procurement industry is experiencing significant skills shortages.