Procurement Insights

APRIL 18, 2025

This underscores the need for different procurement strategies, risk management, and technology solutions for indirect MRO spend versus direct materials 3 5. “The scarcity of spare parts, including new, repaired, and used serviceable materials (USM)” is affecting these critical systems.

Price 75

Price Demand Supply chain Real-time Visibility 75

Procurement Templates

SEPTEMBER 14, 2023

Life cycle assessments (LCAs) evaluate the environmental effects of a product from raw material extraction to disposal. Here are some evaluation criteria to consider: Environmental Impact : Carbon Footprint : Evaluate suppliers’ efforts to reduce greenhouse gas emissions in their operations, transportation, and supply chain.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

Planergy

MAY 8, 2025

This has helped boost transformation success by 42% , as workflows become easier to manage and adopt across departments.[7] 4] Real-time dashboards support centralized oversight, improving coordination between procurement, finance, and supply chain teams.[3] 9] Risk mitigation is another driver.

Strategy 52

Strategy Real-time Visibility Procurement Agile and Lean Supply Chain 52

TYA Suite

MAY 23, 2025

Additionally, it fosters innovation by encouraging the sharing of new ideas, materials, and processes, helping businesses stay competitive and meet evolving customer demands. Risk management collaboration involves working together to identify and mitigate potential risks in the supply chain.

supply chain software solutions 40

supply chain software solutions Collaboration Supply Chain Efficiency Suppliers 40

SCMDOJO

MAY 27, 2025

Or imagine manufacturers pooling resources after a buyout so they can negotiate better prices on raw materials. For supply chain leaders , this isnt theory; its happening across the industry every quarter. Private equity funds often link unrelated players under one umbrella, making collaboration less of an uphill battle.

supply chain software solutions 40

supply chain software solutions Risk Supply chain Innovation 40

Zycus Cognitive Procurement

JANUARY 24, 2023

Shortages in raw materials, energy, shipping, and labor required that CPOs performed at the top of their game to ensure business continuity. Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Arkestro

OCTOBER 3, 2024

Overall, procurement has seen more requirements around tracking raw materials and origin throughout the supply chain. Another example is the requirement supporting localized sourcing content from the USMCA (United States-Mexico-Canada Trade Agreement).

Procurement 52

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 52

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Proactive risk management prevents major losses.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Always have another supplier for any mission-critical raw materials in case there are issues of any kind with your primary suppliers. While that doesn’t sound like much, nearly $14 billion in cargo couldn’t dock.

supply chain software solutions 52

supply chain software solutions Risk supply chain budgeting Supply Chain Efficiency 52

World of Procurement blog

MAY 8, 2024

Its strategic importance stems from its impact on profitability, efficiency, risk mitigation, and competitiveness. Types of Procurement There are several types of procurement that organizations utilize: Direct Procurement Direct procurement involves purchasing raw materials and components that go directly into a company's end products.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

APRIL 2, 2024

For example, there are software platforms out there targeting marketing, transportation, SaaS, raw materials and professional services procurement. Along with niche category specific procurement tools, there are also project management and internal collaboration applications in this space.

supply chain software solutions 52

supply chain software solutions supply chain budgeting Procurement Budget 52

Empowering CPO

JUNE 9, 2023

This can range from raw materials for production, to office supplies, to strategic partnerships. By measuring key aspects of the procurement process, these metrics provide insights that can drive significant improvements in cost-efficiency, operational performance, and supply chain resilience.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Arkestro

DECEMBER 12, 2022

And many consumers and advocacy groups are sensitive to the environmental impact of products or raw materials that may be harvested using forced labor. Under the Drug Supply Chain Security Act , any company selling pharmaceuticals in the U.S. Managing Supplier Relationships. Avoid supply chain delays.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52