Remove Procurement strategies Remove Risk management Remove Supply chain resilience
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Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence. This article delves into how these two elements, working together, can transform procurement strategies into long-term competitive advantages.

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Risk Management in Procurement: Strategies and Tools for Success

Empowering CPO

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Understanding Procurement Risk A. Introduction A.

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Which conference is the best when it comes to supply chain and procurement practice: DPW, ISM Annual Conference, Procurement Leaders, SIG, and Supply Chain Canada National Conference?

Procurement Insights

Below is a ranking from highest to lowest focus on procurement and supply chain practices, as of April 4, 2025, based on their stated missions, agendas, and historical emphasis. While supply chain is addressed, its secondary to procurement excellence, making it a top pick for procurement specialists seeking practical tools.

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Do the MRO trends of the 2004 Acres of Diamonds paper endure in 2025?

Procurement Insights

This underscores the need for different procurement strategies, risk management, and technology solutions for indirect MRO spend versus direct materials 3 5. For computer parts, procurement strategies must account for rapid swings and external shocks, making timing and market intelligence critical.

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Beyond Compliance: How Procurement Can Drive ESG Leadership and Decarbonization

Jaggaer

By combining H&Zs sustainability expertise with JAGGAERs advanced procurement technology for Scope 3 emissions tracking and data collection, organizations can better integrate sustainability into their procurement strategies. These include risk management and resilience in a volatile world.

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5 Big Ideas for CPOs in Europe to Develop Procurement Strategies for 2023

Zycus Cognitive Procurement

Zycus recently conducted a virtual event for CPOs, Procurement Leadership Agenda and Narratives (PLAN 2023), where we invited industry experts and procurement thought leaders across the Europe to discuss the upcoming technology trends and procurement strategies for 2023.

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Procurement Trends 2025: Automation, Analytics & Strategy

Planergy

Predictive tools help teams flag supplier vulnerabilities early and make smarter sourcing decisionsleading to a 20% improvement in risk management outcomes.[7] 7] Advanced Analytics Drove Smarter Procurement Decisions Data is now a core part of every procurement strategy.