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October Marked Seventh Straight Month of Increased Spare Capacity

Supply Chain Brain

The survey showed that the extent to which supplier capacity went underutilized was higher in October 2023 than it was in September and August.

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Manufacturers Must Seek Better Supply Chain Visibility

ivalua

For manufacturers, key functions such as sourcing and supplier management have become more challenging as the result of increasing supply chain complexity. Unfortunately for manufacturers, there are many areas in need of improved visibility such as customer demand, inventory, total cost, and supplier risk.

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5 New Year’s Resolutions for Procurement

Una

Survey all stakeholders, including your own team, end-users of your procurement systems, your suppliers, heads of other functions, and your leadership team. 29 Questions To Ask In A Voice Of Supplier Survey. Make sourcing events more accessible to diverse suppliers. Appreciating Diverse Suppliers. Survey everyone.

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5 New Year’s Resolutions for Procurement

Una

Survey all stakeholders, including your own team, end-users of your procurement systems, your suppliers, heads of other functions, and your leadership team. Without visibility of contract expiry dates and auto-renewals, procurement and their partners in IT miss out on the opportunity to change suppliers or renegotiate the contract.

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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

It also requires a focus on procurement-supplier relationships, and striving to be the customer of choice for your suppliers. Yet today’s Procurement organizations are plagued with inefficient processes, poor supplier stakeholder collaboration and data silos. Balancing New Priorities Makes Procurement More Valuable.

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Risk Management in Procurement: Strategies and Tools for Success

Empowering CPO

These risks can arise from various sources, including suppliers, market conditions, geopolitical factors, and internal organizational processes. Some examples include supplier capacity constraints, raw material shortages, transportation disruptions, and natural disasters. Steps in Procurement Risk Management Process A.

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Why Procurement Pros need to understand Contracts

World of Procurement blog

You may have gone out to the market with a set of specs and asked for Suppliers to come back to you with options as to how they can fulfill your requirements. When evaluating the suppliers’ responses you might have found the perfect component that a supplier is going to make bespoke for you. WHAT IS A CONTRACT?