This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This initiative comes at a crucial time when global disruptions have underscored the importance of robust supplychains. By leveraging Dun & Bradstreet’s expertise, companies can proactively identify vulnerabilities, optimize their supplier networks, and strengthen overall supplychainresilience.
“A 2023 survey by KPMG highlights this transition, revealing that procurement leaders are now focusing on supplychainresiliency (68%), introducing new products or expanding into new markets (65%), and improving margins through cost reduction (71%). The focus is on efficiency and control.
20202024: Procurement as a Strategic Business Partner Accelerated Evolution During the COVID-19 Pandemic : The pandemic underscored procurement’s role in ensuring supplychainresilience , managing disruptions, and navigating shortages. Professionals became more involved in ensuring supplychainresilience and continuity.
4] Automated Supplier Management is the New Standard: From onboarding to performance monitoring, automation tools are improving accuracy, compliance, and vendorrelationships while easing the administrative burden. [5] Teams using these tools can reallocate budgets more effectively and surface hidden inefficiencies across departments.[7]
However that’s only part of the puzzle – strong vendorrelationships are equally essential. As such, many organizations are increasing technology investments and digital transformation efforts to benefit from long-term cost savings and efficiencies.
However that’s only part of the puzzle – strong vendorrelationships are equally essential. As such, many organizations are increasing technology investments and digital transformation efforts to benefit from long-term cost savings and efficiencies.
To ensure your supplychain remains adaptable and compliant post-settlement, consider using the SupplyChainResilience Self-Assessment Tool. Relationship Management and Future Planning Ensuring compliance during implementation naturally leads to reestablishing trust between parties.
Both companies are exploring options such as diversifying sourcing strategies, revisiting vendorrelationships , and reorganizing inventory management systems. This effort marks a strategic shift in how these industry leaders approach sourcing and procurement.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content