World of Procurement blog

APRIL 23, 2024

This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supply chain structures, contract types, and managerial aspects necessary for efficient and effective procurement. Cost Management: Budgeting and tracking expenses related to procurement.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Agile and Lean Supply Chain 52

World of Procurement blog

APRIL 23, 2024

This guide delves into the essentials of procurement within the construction sector, discussing various strategies, potential obstacles, supply chain structures, contract types, and managerial aspects necessary for efficient and effective procurement. Cost Management: Budgeting and tracking expenses related to procurement.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Agile and Lean Supply Chain 52

Zycus Cognitive Procurement

JANUARY 24, 2023

With new legislation being introduced for 2023 in Europe, such as the Supply Chain Due Diligence Act (SCCDA), CPOs and other procurement and sourcing leaders need to devise an agile procurement strategy to ensure compliance. Investment in technology is crucial and requires even more during the time of an economic downturn. “

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

IBM Supply Chain Blog

DECEMBER 4, 2023

In the rapidly-evolving business ecosystem, many companies face a combination of challenges, including inflation, supply chain disruptions and a complex labor market. In this scenario, traditional planning methods may hinder a company’s ability to respond quickly and strategically to changing opportunities and challenges.  

supply chain budgeting 48

supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization Budget 48

Arkestro

DECEMBER 12, 2023

The same survey found that just 35% of consumers say they plan to splurge on themselves or others this year — a 4% decline from 2022. When broken down by generation, Gen Z is the most likely to tighten their budget, while Gen Xers and Boomers are more likely to splurge.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency supply chain budgeting 52

IBM Supply Chain Blog

DECEMBER 20, 2023

Starbucks also paid careful attention to its supply chain, ensuring is products were ethically sourced and offering specialty drinks that in some geographic locations could be difficult to find. Typically, the chain leases its stores and keeps them small and bare bones, saving money on real estate and extensive labor costs.

Business strategy 69

Business strategy Strategy Leadership supply chain budgeting 69

Procurify

JUNE 8, 2022

Effective supply base optimization can help reduce costs, improve supply chain efficiency, better supplier performance and collaboration, and increased revenue. . 6 steps for successful supply base optimization. Now that you know what supply base optimization is, how do you actually go about doing that?

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Supply 52

World of Procurement blog

MAY 8, 2024

Developing a Strategic Procurement Plan A detailed 3-5 year strategic plan turns the strategy into an actionable roadmap. The plan defines activities like category analysis, supplier consolidation, technology implementation, process re-engineering, skill building etc. needed to deliver on the KPIs.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Pipefy

JULY 29, 2024

Faster turnaround times mean fewer labor hours, and streamlined workflows keep projects within budget. Agility is key to any company’s long-term success. Bots can be trained on supply chain data, learning how to monitor inventory spikes or predict parts starvation.

Data 52

Data Supply Chain Optimization Supply Chain Efficiency Risk 52

Let's Talk Supply Chain

NOVEMBER 26, 2024

As we look back at supply chain management over the last year—whether you’re in logistics or manufacturing—there are signs of progress we can all be thankful for. The COVID-19 pandemic sent shockwaves across supply chains , highlighting regional dependencies and labor shortages.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply Chain Optimization 52