Remove 2024 Remove Suppliers Remove Supply chain resilience
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Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. It involves a methodical approach aimed at developing long-term supplier relationships, mitigating risks, and improving overall cost efficiency. Done well, it can become a key driver of competitive advantage.

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2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement Insights

2011 eWorld Video THE EVOLUTION OF THE CFO VIEW Between 2011 and 2024 , CFOs’ views of procurement have evolved significantly, reflecting changes in the business environment, technology, and organizational priorities. Analytics and insights from procurement data were minimal.

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The Four Critical Points of Stakeholder (Agent) ESG Alignment

Procurement Insights

C-suite executives are navigating a complex landscape of challenges in 2024. STAKEHOLDER (AGENT) 3 What are the main concerns for suppliers meeting ESG specifications? 2024 ) 30 What is the role of the new Agent-Based AI Operating Systems STAKEHOLDER (AGENT) 1 What are the top five concerns for Chief Procurement Officers?

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5 Procurement Industry Trends to Watch in 2025

Arkestro

According to Gartner , 50% of large global companies are expected to implement AI and advanced analytics in their supply chains in 2025. increase from 2024. By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers.

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Navigating the Top 3 Procurement Challenges in 2025

Jaggaer

However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models. Supplier Collaboration: Collaborate with suppliers to explore joint cost-savings initiatives.

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Voice of the Supplier Survey 2024

HICX

Supplier relationships are currently strained as there is a disconnect between what suppliers want and need, and what buying organizations think they want and need – and their ability to support this. We found that supplier experience is still a problem,” says Costas Xyloyiannis, HICX’s CEO. “We

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4 Key Trends Reshaping Manufacturing Procurement in 2024

Arkestro

Resources / Blog / 4 Key Trends Reshaping Manufacturing Procurement in 2024 4 Key Trends Reshaping Manufacturing Procurement in 2024 The dust is settling after the upheaval of the pandemic, yet the manufacturing industry remains forever changed. So what’s in store for 2024? But the tides are shifting in 2024.