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Subscribe to SupplyChain Game Changer. SupplyChainVisibility – An Overcomplicated Challenge! A recent Deloitte survey estimated only 15% of CPO’s have visibility beyond their tier one suppliers. I found this striking that there is so little multi-tier SupplyChainvisibility.
In a strategic dance of adaptation, household giant Clorox is contemplating a delicate tango of sourcing shifts to counterbalance the looming impact of a hefty $100 million tariff blow. This strategic evaluation involves meticulously analyzing sourcing alternatives and potential partnerships to navigate the evolving trade landscape.
Enhancing supplychain resilience as well as supplychainvisibility is crucial in today’s interconnected world. SupplyChain Resilience refers to a supplychain’s ability to withstand and recover from unexpected events.
This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supplychain. What Is Procurement Technology?
Discover how Ivalua’s SupplyChain Collaboration solution empowers you to work more closely with suppliers, reduce risk, and build a more agile, connected supplychain. Procurement vs. SupplyChain Management: What’s the Difference?
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. alternatives.
Overall, customers want tech that integrates diverse data sources, speeds up risk analysis and offers clear guidance on potential mitigation steps. Our customers’ top concerns include expanding risk types, gaps in technology and a lack of full supplychainvisibility. Supplychain risk is also more complex now.
Primarily, our customers are prioritising supplychainvisibility, adopting proactive risk management strategies and staying compliant with evolving regulations. A unified platform providing a single source of truth enables better collaboration, regular oversight and audit readiness.
The more sustainable path lies in structured action planning. Supplier diversification across geographies to reduce dependency on high-risk sources. Building internal alignment across procurement, supplychain, legal and finance to tie sourcing decisions to tariff cost modeling and compliance.
Amid economic uncertainties and geopolitical shifts, procurement leaders face mounting pressure to drive sustained growth. However, simply cutting costs isnt a sustainable strategy CPOs must move beyond tactical price reductions and embrace strategic cost management.
For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. . Sustainable master data management and governance: As much as 55% of projects fail due to data management issues. Demand planning capabilities.
“The impact of all of that is that organizations are actively creating geographical supplier diversity within their supplychains, to strike a better balance between cost reduction and agility,” he said. Corporate Sustainability: Sawschcuk said that sustainability is an area in which Procurement can make a big impact.
The Role of SupplyChain Resilience in Operational Success A truly resilient supplychain is deeply interconnected with other business faculties, such as procurement and logistics, which are essential for consistent sourcing and delivery of goods.
Collaborative efforts between buyers and suppliers, along with better tools, education, and incentives, can help overcome these barriers and foster a more sustainablesupplychain. Now it’s dropped back to 2019 levels.” ( Source – The Wall Street Journal, Sept.
Additionally, the Institute for Supply Management (ISM) news highlighted the growing focus on sustainability and ethical sourcing within supplychains. Embracing environmentally friendly practices and promoting ethical sourcing are becoming essential components of a modern supplychain strategy.
First Name Email Download 51 Prompts → Or receive our famous weekly newsletter Global SupplyChain — Everything About SupplyChain Global supplychain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.
Enhancing collaboration pays off, both by increasing transparency with suppliers and improving the bottom line through multi-tier supplychainvisibility. Analytics also help you better evaluate potential suppliers, pinpoint cost-saving opportunities, and strengthen future sourcing strategies.
Categories: Procurement Systems & Architecture , SupplyChainVisibility Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of Circularise, a blockchain-based traceability solution that helps companies trace products and materials to verify their origins, certificates, CO2 footprints and other material data.
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For smaller fashion brands, as highlighted by Glossy , the financial burden of tariffs can be especially acute, often forcing them to absorb higher costs or shift their sourcing strategies entirely. China tariffs continues to evolve, impacting industries from tech to fashion. Timely, incisive articles delivered directly to your inbox.
Bertrand agrees the rationale for supply management has become even more obvious, but he thinks that despite this not enough attention has been paid to it yet: “One could argue procurement has been heavily focused on supplier management, on ensuring they work with the most appropriate suppliers.
From planning a product, design and simulation, to optimizing a specific process across the supplychain, customer expectations for AI integration continue to evolve as new applications for supplychain automation are discovered.
Implementing tracking technologies such as barcodes, RFID, and blockchain provides granular data that enhances both forecasting capabilities and overall supplychainvisibility. Nearshoring and establishing regional supply centers can reduce dependency on distant sources and enhance responsiveness.
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Altana is the world’s first Value Chain Management System – a unified, comprehensive approach that goes far beyond supplychain risk management, with unprecedented visibility, contextualized netrt across business areas, and a collaborative network with end-to-end workflows to get jobs done.
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During her tenure as a supplychain professional, Barra has been credited with implementing a new global purchasing and supplychain system, which helped GM reduce costs and improve its supplychain operations. In 1998, he joined Apple as Senior Vice President for Worldwide Operations.
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?
SupplyShift takes a look at three ways that supplychain professionals can drive sustainability through procurement practices. The researchers found that 50% of consumer-packaged goods (CPG) growth came from products marketed as sustainable. times faster than those without a sustainability focus in their marketing.
SupplyShift takes a look at three ways that supplychain professionals can drive sustainability through procurement practices. The researchers found that 50% of consumer-packaged goods (CPG) growth came from products marketed as sustainable. times faster than those without a sustainability focus in their marketing.
This could include co-developing new products, sharing market insights, or aligning on sustainability goals. By collaborating on risk management, both businesses and suppliers can build a more resilient supplychain and avoid costly disruptions caused by unforeseen events.
During this session, the panel answered questions surrounding data as a driver of sustainable value, continuity, and transparency and how data can fuel digital transformation. . Dramatic supply and demand shifts during the pandemic prioritized the need for data accuracy to solve short and long term supplychain challenges.
In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. When Covid-19 hit, supplychains across the globe nearly came to a halt. Procurement Teams Step-up.
Building Resilience in the SupplyChain Risk Assessment and Mitigation To build resilience, start with comprehensive risk assessments to identify potential vulnerabilities. Develop contingency plans to address these risks, and diversify your supplier network to reduce dependency on any single source.
Or, maybe youre suffering from Cinderella complex: not bold enough to demand an upgrade to the outdated, clunky, legacy Source-to-Pay suite interfaces that suppliers and stakeholders havent really adopted. But then you blow this by futzing around trying to be a cheapskate and running procurement ops in ERP.
Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?
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Does the vast potential of this promising technology mean that companies of all sizes and stages should be rebuilding their responsible sourcing systems from the ground up to include it? At SupplyShift, we’re excited about a future where fully transparent and sustainablesupplychains are a reality for every global business.
Does the vast potential of this promising technology mean that companies of all sizes and stages should be rebuilding their responsible sourcing systems from the ground up to include it? At SupplyShift, we’re excited about a future where fully transparent and sustainablesupplychains are a reality for every global business.
Supporting the Liquor Control Board of Ontario (LCBO) during a rail strike requires a procuretech provider that offers strong supplychainvisibility, risk management, and flexibility in sourcing and logistics. SupplyChainVisibility and Risk Management 3. Here’s why: 1.
Some of the key advantages that visibility solutions bring include: Less risk According to McKinsey, organizations that have implemented digital dashboards for their supplychainvisibility needs were twice as likely to have avoided the supplychain issues that plagued the industry in the early months of 2022.
In this article, we will show you tips from worldwide experts that you can use to streamline your global supplychain operations. Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supplychain networks.
Sign Up for SCMDOJO Pro Membership Importance of Effective SupplyChain Management Supplychain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.
As the procurement landscape continues to evolve, Chief Procurement Officers (CPOs) in 2025 will face a wide range of challenges and concerns shaped by technological advancements, geopolitical shifts, sustainability demands, and more. What are the Top 3 concerns for Chief Procurement Officers in 2012?
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