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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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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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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.