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4 Key Trends Reshaping Manufacturing Procurement in 2024

Arkestro

In fact, manufacturing procurement has never been more important, holding the power to influence IT, finance, and C-suite decision-making. Advances in AI, automation, and other emerging technologies are helping manufacturing procurement teams further increase their sphere of influence, allowing them to do more with less.

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Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement

Una

Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement Explore the nuances between offshoring and other approaches to procurement and how each one can impact the bottom line, supply chain resilience and overall strategic objectives. Offshoring Offshoring is the opposite of onshoring.

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

ivalua

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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Procurement and Sustainability: A Harmonious Partnership for a Greener Future

Procurement Templates

Procurement, traditionally seen as a function focused on sourcing goods and services at the best possible prices, has now evolved into a strategic driver for sustainability. It has the potential to drive change throughout the entire supply chain, influencing how products are sourced, manufactured, and distributed.

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The Big Interview with James Ball

Procurement Heads

That could be operating model design, it could be sourcing activities, it could be supply chain support….the but Covid and Ukraine have pushed this subject much further and deeper and the need to plan for today and tomorrow using multiple sources and collaborate with the business operations. I would probably say that.

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Why Predictive Procurement in Health and Pharma is the Future

Arkestro

We all remember the early days of the pandemic and shortages in critical medical supplies. Procurement and sourcing teams worked tirelessly to find solutions to disrupted supply chains. By adopting this strategy, procurement teams build supply chain resilience and agility.

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4 Predictions on Procurement’s Top Trends in 2023

Arkestro

They will ensure their teams have meaningful data available in an actionable format to help them supercharge the influence of each team member.”. The Supply Chain Will Continue to Heal. Supply chains will improve,” according to Derek Mellott, Arkestro Solutions Consultant.