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In a whirlwind of developments in the world of supplychainmanagement, the latest headlines are buzzing with the news of boeing machinists bringing an end to thier strike. Alongside this, the Institute for SupplyManagement has also made waves with their latest updates.
Forty years ago, the Harvard Business review published Peter Kraljic’s article ‘ Purchasing Must Become SupplyManagement ,’ which debuted the supplier segmenting method that we now know as the Kraljic matrix. For this, you really need supplymanagement. But,” Bertrand asks, “what is your supplier buying?
While the procurement industry is consistently evolving and shifting, supplymanagement professionals across the globe have had to quickly prepare for change and innovation in technology, business regulations, and the general speed of commerce. . The Criticality of the SupplyChain (and Suppliers).
SupplyChain is no longer a back-office, transactional function. What once used to be a field strictly about getting goods from point A to point B has become one where the top performers use sophisticated technology and supplier relationship management to provide untold cost savings, risk mitigation and innovation.
The software was founded by a group of seasoned procurement professionals who have developed a full-suite spend management platform with two overriding principles: time to value and ease of use. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supplychains.
Segment 7 – Enabling Technology: The Emergence of the Metaprise Enabling Technology Technology is the key in the supplychain organization of the future. The right technology will enable enterprise-wide supplymanagement, external supplychainvisibility, and internal and external collaboration.
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