Una

JUNE 6, 2024

To overcome this, procurement can: Quantify the long-term value of stronger community ties and brand reputation Benchmark against competitors to show the market rate for ethical/local sourcing Negotiate with preferred suppliers to keep costs competitive Explore creative financing options like social impact bonds.

Procurement team 52

Procurement team Ethics Suppliers Procurement 52

Una

JANUARY 1, 2024

Make yourself available to guide suppliers through your requirements and answer any questions. Look for contract hurdles that exclude small, diverse suppliers. Look for ways to help increase diverse suppliers’ capacity so you can work with them more.

Procurement 52

Procurement supply chain software solutions Contract Purchasing 52

Jaggaer

OCTOBER 24, 2024

For example, AI can assess risks associated with a supplier’s capacity to meet contract terms, especially in high-risk categories or tight timelines. It also quantifies potential risks tied to suppliers with inconsistent performance. AI provides helpful assistance in identifying your supplier capacity and planning accordingly.

Supply Chain Optimization 52

Supply Chain Optimization Collaboration Suppliers Real-time Visibility 52

World of Procurement blog

APRIL 12, 2021

However, to keep this simple, it is usually the exchange of the Buyer's finances for goods or services by the Supplier. Capacity isn’t about whether or not the Supplier can fulfil the order. That is a question you should be asking your Suppliers especially in a Competitive Tender/Request for Proposal.

Contract 52

Contract Procurement supply chain software solutions Buyers 52

Empowering CPO

MAY 8, 2023

Some examples include supplier capacity constraints, raw material shortages, transportation disruptions, and natural disasters. To manage supply risks, organizations can diversify their supplier base, maintain safety stock, and monitor supplier performance.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

SPLC (Sustainable Purchasing Leadership Council)

MAY 18, 2018

Supplier Capacity Building: A Collaborative Pilot Using the Sustrana Platform. Tessy Plastics, A Supplier’s Sustainability Journey Stg. Establishing a formal Sustainable Procurement Program. Superior Essex. Superior Essex and Platformatics Redefine Historical Preservation with Connected Lighting Solutions. TUV Rheinland.

Leadership 40

Leadership Purchasing Sustainability Supply Chain Efficiency 40

Procurement Insights

APRIL 7, 2025

Tactical Efficiency Metaprise : Transforms procurement into a strategic, revenue-driving function by aligning sourcing, risk management, and supplier innovation across the ecosystem. Example: Automatically reroutes orders during a supply shortage by analyzing global supplier capacity and logistics data.

Real-time Visibility 52

Real-time Visibility Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52