Remove Strategic planning Remove Supply Chain Efficiency Remove Supply Chain Optimization Remove Supply chain resilience
article thumbnail

7 Critical Supply Chain Management Trends for 2023

Zycus Cognitive Procurement

As we are coming to the end of the year, procurement and supply chain leaders across industries initiate their annual strategic planning process for the next year. We have shortlisted 7 C ritical T rends that will help supply chain leaders and practitioners to build a strategic blueprint for 2023 and beyond.

article thumbnail

Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Predictive Procurement in Health and Pharma is the Future

Arkestro

From April 2021’s “ A New Paradigm For Procurement ”: “As enterprises increasingly depend on an expanding and evolving supplier ecosystem, better optimization of strategic planning and procurement is paramount. Procurement and sourcing teams worked tirelessly to find solutions to disrupted supply chains.

article thumbnail

The Impact of Digital Transformation on Spend Analysis

Empowering CPO

As organizations strive to stay competitive, they are increasingly recognizing the need to leverage digital technologies to streamline processes, improve efficiency, and drive growth. Procurement is a strategic function that encompasses the acquisition of goods and services required to support an organization’s operations.