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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Create speed and transparency.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Provides key data insights through spend analysis that informs strategic decisions. Sources innovation by engaging suppliers in new product/service development. What are the company's goals for growth, cost reduction, sustainability, innovation etc? Conduct supply chain audits and due diligence on high-risk categories.

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Pandemic Prepared! 8 Steps to Building Supply Chain Resilience

ivalua

From this discussion, we compiled a list of 8 critical supply chain management activities that to improve, build, and maintain supply chain resilience now and in the years to come. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.

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8 Steps to Building Supply Chain Resilience for Manufacturers in a Post-Covid World

ivalua

They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supply chain management activities that can help Procurement teams build and maintain supply chain resilience now and in the years to come. Create speed and transparency.

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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Introduction A.

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The Key Benefits of Outsourcing to Managed Procurement Services

Empowering CPO

Procurement is no longer just about sourcing goods and services; it’s about creating strategic alliances, driving innovation, and adding value to the organization. This is where the concept of managed procurement services comes into play. The role of procurement services in businesses is multifaceted.

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The Hitchhiker’s Guide to Digital Procurement!

Supply Chain Game Changer

When I hear the word startup I think instantly of tech, innovation, market expansion, disruption, new products, and exciting opportunity. What I’m getting at is… don’t be afraid to be an early adopter or co-innovator. One of the best ways to support supply chain resilience is to ensure that you’re preemptive.