Strategic Sourceror

OCTOBER 27, 2022

Many of those supply chains remain in rough shape in a variety of respects, from raw materials being hard to come by to staffing shortages. As a recent survey from the National Federation of Independent Business found, close to 50% of small-business owners have more open jobs than they do workers.

Collaboration 105

Collaboration Supply Chain Efficiency supply chain software solutions Supply chain 105

Planergy

MAY 8, 2025

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In 2025, more than 50% of procurement leaders rely on advanced analytics to guide key decisionsfrom budgeting and sourcing to contract negotiation and supplier performance monitoring.[3] Available at: [link]. ” Gartner.

Strategy 52

Strategy Real-time Visibility Procurement Agile and Lean Supply Chain 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

Una

OCTOBER 12, 2023

Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement Explore the nuances between offshoring and other approaches to procurement and how each one can impact the bottom line, supply chain resilience and overall strategic objectives.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

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. To avoid shortages, conduct supply chain risk assessments regularly.

supply chain software solutions 52

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

Empowering CPO

JUNE 9, 2023

It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. This can range from raw materials for production, to office supplies, to strategic partnerships. The Importance of Procurement in Business Procurement is the lifeblood of any business.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52