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Procurement and supplychainmanagement are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. In this blog, we cover the key differences between procurement and supplychainmanagement, and explain where the biggest disconnects typically occur.
This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supplychain. Your procurement technology platform should help unify data and processes across tiers to avoid disruptions.
In this article, we will discuss what a sustainablesupplychain is. We will also tell you how you can analyze your supplychain and how you do an initial risk assessment. We will also tell you how you can analyze your supplychain and how you do an initial risk assessment.
Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g.,
Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managingsustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supplychain disruptions and geopolitical tensions.
SustainableSupplyChain — The Ultimate Guide. The sustainablesupplychain is adopted by many companies due to the increasing pressure to demonstrate greater environmental and social responsibility. However, how can companies demonstrate tier responsibility through the supplychain?
In the vast sea of supplychain information, which SCMDOJO supplychain article truly stands out? Dive into our curated list of the top 12 blogs from 2024 that will elevate your supplychain knowledge and give you a competitive edge. Read In Detail About Procurement Department Here 2.
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.
Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, SupplyChain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
Thats why local SEO, or Search Engine Optimization, is critically important for any business operation, and SupplyChainManagement is no exception. If you are looking for ways to improve your supplychainmanagement performance, e.g., by cutting costs and saving time, you must consider leveraging local SEO.
Organizations navigating increasingly complex global networks have discovered that integrating sustainable practices has multiple key benefits. Sustainability can drastically slash waste, streamline operational efficiency, and even improve employee engagement. As…
Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.
The global supplychain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Developing Analytical Skills Data analysis is at the heart of effective supplychainmanagement.
Many businesses go to market for solution support within supplier management with ESG/Corporate sustainability as a primary compelling event, or driving factor. Customer requirements on more sustainable products/services, and/or requests for supplychaintransparency/due diligence.
Two prominent online learning platforms, Future Learn Courses and SCMDOJO, offer courses on demand to meet supplychain enthusiasts’ diverse needs. As you know, the supplychainmanagement landscape constantly evolves, necessitating continuous learning and skill development for professionals in this field.
Ivalua’s new Environmental Impact Center empowers Procurement and SupplyChain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. With regulatory requirements, sanctions regimes, and public scrutiny on the rise, sustainability is a top priority for every organization globally.
Subscribe The SupplyChain Renaissance Has Begun! This article depicts how innovative technology transforms supplychain operations. This blog studies how technological tools boost business efficiency and market standing to lead companies toward lasting success in our rapidly changing global market.
The German SupplyChain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. In Germany, this figure amounts to approximately 3,000 companies and requires them to conduct due diligence to identify and address potential risks in their supplychain.
Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Risk Mitigation: Identify and manage procurement risks by ensuring supplier reliability, diversifying sources, and monitoring market trends. Savings can be cashable or non cashable i.e. cost avoidance.
In today’s competitive business landscape, optimizing supplychains is crucial for achieving operational efficiency and cost reduction. While inventory management and logistics often take center stage, another critical component that significantly impacts supplychain performance is fixed asset management.
Global conflicts, macroeconomic shocks, and shifting global trade routes are all combining to provide real challenges to modern supplychains, and are driving the uncertainty that organizations feel. Companies often struggle to plan for such challenges, which is why developing a strong and resilient supplychain team is so important.
A further one in four (24%) executives admit they do not know if their sustainability efforts are making any positive difference at all, and 20% say they are unaware if their business has any metrics in place to measure the effectiveness of their environmental initiatives in the first place.
It is easy to address supplychainmanagement from a strict numbers mindset. Enter supplychain safety. Although supplychain safety doesn’t get talked about a lot, it is a key component in protecting workers and maintaining compliance. A more efficientsupplychain is a more effective one.
Maja Tepeh , Senior Brand Manager at supplychain risk management solution Prewave , shares what their customers are looking for from their digital procurement investment. On an environmental level, progress toward targets needs to be measurable: not just at the customers company, but across their entire supplychain.
Best-in-Class for Healthcare SupplyChainManagement? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter SupplyChain Network Design — Everything About SupplyChainSupplychain network design helps businesses to mitigate disruptions by configuring the supplychain.
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Sustainable Procurement Business Drivers — Embracing SustainabilitySustainable procurement business drivers are the factors why many businesses embrace sustainability within their operations.
Sustainable Procurement Maintain high profitability while moving toward sustainability 4. In this article, we will discuss what warehouse management is. We will talk about the importance and the processes involved in managing your warehouse. Warehouse Management: What is it? However, what is it?
Supplychain reports offer a comprehensive view of your entire supplychain operation. What are SupplyChain Reports? However, implementing inventory management techniques such as ABC analysis and safety stock to optimize stock levels and minimize the risk of stockouts.
Watch our on-demand webinar to discover how procurement can lead the way in ESG and decarbonization, and learn from experts about driving sustainability transformation across your supplychain. NFRD left gaps in capturing the full scope of corporate sustainability impacts, and the CSRD addresses these shortcomings.
Alexandra Arens , Senior Content Marketing Manager at Onventis , shares what their customers are looking for from their digital procurement investment based on the 2024 Procurement Barometer study results and the DACH SME Procurement Barometer 2024. The need for resilient supplychains is also a key factor driving procurement digitalization.
In a world where the digital realm continues to shape the future of industries, the supplychain landscape stands at the precipice of profound conversion. As we fast forward to the horizon of 2025, the Institute for SupplyManagement News ventures into the unknown, exploring the enigmatic path that lies ahead.
In the ever-evolving landscape of supplychainmanagement, procurement leaders must stay ahead of the curve to ensure success in 2025 and beyond. In this article, we will explore four key strategies that procurement leaders can adopt to navigate the complexities of the future supplychain landscape.
Sustainable Manufacturing — Everything You Should Know. Sustainable manufacturing is gaining popularity as a growing number of manufacturers are realizing its substantial financial and environmental benefits. However, what is sustainable manufacturing? . This article will tackle what sustainable manufacturing is.
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter How Companies Can Benefit From Sustainable Procurement Many businesses are shifting towards sustainability due to the perceived benefits when applied to the actual processes in procurement and supplychain.
Sustainable Procurement Analysis — The Ultimate Guide. However, what is it when it comes to sustainability? In this article, we will discuss what sustainable procurement analysis is. Once you finish reading this article, you will gain a deeper knowledge of what sustainable procurement analysis is.
Following on from Phase 4 Leveraging technology to bridge the Finance-Procurement gap of our In-Depth Guide to aligning finance and procurement, Phase 5 looks at how to measure and sustain that success. Track spend under management to determine how much organizational spend is strategically controlled.
In this article, we will discuss what sustainability means in procurement. In this article, we will discuss what sustainability means in procurement. We will tell you about sustainable suppliers and how to select one. Also, you will learn how to position your company within the market for sustainable opportunities.
Making Sustainability Happen for Real! Sustainability has become a core focus for industries worldwide, and warehousing is no exception. Modern warehouses are not just storage spaces—they are dynamic hubs of activity that play a critical role in supplychainefficiency. Subscribe Responsible Sourcing!
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Sustainable Goals in Procurement —Embracing SustainabilitySustainable goals in procurement help it to stay on track with its sustainability objectives in its activities. Why is it Important?
auto tariffs are being felt across global supplychains. As the automotive industry grapples with mounting challenges, a new trend is taking shape a strategic shift toward cash flow management and financial resilience. Impact of US Auto Tariffs on Global SupplyChains Amid escalating tensions over U.S.
First Name Email Download 51 Prompts → Or receive our famous weekly newsletter Global SupplyChain — Everything About SupplyChain Global supplychain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.
Why stakeholder management matters in procurement digital transformation Stakeholder management is the foundation of any successful procurement digital transformation initiative. To understand why, lets look at the following parallel: Procurement professionals often discuss spend under management (SUM) as a key metric of success.
Gathered around a table laden with insights and expertise, industry leaders recently convened at the institute for SupplyManagement to delve into the latest hot topics shaping the world of supplychain management.From procurement strategies to risk mitigation, the roundtable discussion was a lively exchange of ideas and perspectives.
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