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

Spend Matters

To manage tariffs effectively, companies must align their tariff strategies with their broader business goals, including product design, pricing, supply chain resilience and sustainability objectives. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.

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Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

According to a McKinsey report, firms that develop strong supplier partnerships are 35% less likely to experience significant supply disruptions. Improving Cost and Quality Every decision in strategic sourcing impacts the total cost of ownership, the quality of goods or services, and supply chain resilience.

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7 Procurement Challenges Startups Will Face in 2025!

Supply Chain Game Changer

Strategic sourcing, supplier collaboration, and bulk purchasing agreements can help optimize both cost efficiency and quality. Political instability, shifting trade tariffs, and economic fluctuations make supply chain resilience a top priority. How do you navigate geopolitical uncertainties? Diversification.

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

Procurement Insights

20202024: Procurement as a Strategic Business Partner Accelerated Evolution During the COVID-19 Pandemic : The pandemic underscored procurement’s role in ensuring supply chain resilience , managing disruptions, and navigating shortages. Professionals became more involved in ensuring supply chain resilience and continuity.

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5 Ways Predictive Procurement Is Transforming High-Tech Manufacturing

Arkestro

How Predictive Procurement Has Become a Game Changer for High-Tech Manufacturing To stay competitive, high-tech manufacturers are increasingly adopting Predictive Procurement technology to gain greater agility, cost savings, and enhanced supply chain resilience.

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5 Procurement Industry Trends to Watch in 2025

Arkestro

Within procurement, sustainability is the process of integrating environmental, social, and governance (ESG) goals into procurement, purchasing, and supply chains, which helps build a circular economy. Sustainability means considering social and environmental factors alongside purely financial and economic ones.

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Navigating the Top 3 Procurement Challenges in 2025

Jaggaer

However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models. Solutions: Strategic Sourcing: Move beyond transactional purchasing and embrace strategic sourcing.