SCMDOJO
MARCH 28, 2023
Blockchain technology is revolutionizing the way businesses manage their supply chains. By providing a secure and transparent way to track products from their origin to their final destination, blockchain for supply chain can help increase efficiency, reduce costs, and improve trust between suppliers and customers.
Procurement Insights
JANUARY 3, 2025
Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.
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SCMDOJO
FEBRUARY 19, 2024
. – Administrative improvements (reduction in order processing errors, streamlining of customer service functions so that customers are no longer placed on hold, etc.) – Strategic improvements (reduced costs, etc.). – Reduced flexibility and less ability to react to new conditions and circumstances. Hoerl, R.W.,
Procurement Insights
JULY 8, 2024
From our experience at a high level, in 2024 companies budgeted for a recession. Here is a paper I wrote in 2008 – [link] These failures are not due to the technology in each of these generations. If 85% GenAI projects failed in the last 18 months, why are most companies increasing budgets in 2024 and 2025?
SCMDOJO
FEBRUARY 29, 2024
It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Therefore, the success of supplier performance management directly affects the quality of the entire supply chain.
Let's Talk Supply Chain
FEBRUARY 16, 2024
2024 is coming at us fast and the supply chain is front-and-center when it comes to geopolitical tensions and wars plaguing the globe. Just this week, retail brands called for safe travel on the Red Sea amidst growing rates and delays and regional fighting that has cost over $80B in inventory. Yes, don’t forget the pirates.
Procurify
AUGUST 11, 2022
While dealing with the ongoing inflation, companies must navigate supply chain disruptions, geopolitical issues in certain markets, labour shortages and the foggy business environment caused by the pandemic. A big mistake made during a downturn is cutting marketing and sales budgets. Sell smarter. Scale automation.
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