Remove Raw materials Remove Strategic sourcing Remove Supply chain resilience
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3 ways collaboration can make supply chains more durable

Strategic Sourceror

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.

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Procurement Trends 2025: Automation, Analytics & Strategy

Planergy

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.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

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.

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Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement

Una

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.

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Supply Chain Risks: Different Types and How To Mitigate Them

Planergy

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.

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Procurement Metrics: Key Performance Indicators for Success

Empowering CPO

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.