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7 Critical Supply Chain Management Trends for 2023

Zycus Cognitive Procurement

As we are coming to the end of the year, procurement and supply chain leaders across industries initiate their annual strategic planning process for the next year. We have shortlisted 7 C ritical T rends that will help supply chain leaders and practitioners to build a strategic blueprint for 2023 and beyond.

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Supply Chain Management Inefficiencies Threaten Organizations’ Competitive Advantage, New JAGGAER Research Reveals

Jaggaer

These investments, however, aren’t going far enough: Over 40% of procurement teams state manual and inefficient processes hold them back from fully addressing the C-suite’s critical business priorities. Procurement and supply chain professionals are emerging as enterprise linchpins.

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The Importance of Supply Chain Collaboration

The Good Spending

Why is supply chain collaboration essential? Once, I was asked what makes the supply chain important to a company. Shadow procurement, supply chain, and logistics have become standard for many companies. The supply chain is the most collaborative function in the business.

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Scrabbling through Odd Technology Terms

The Good Spending

Disintermediation Disintermediation is the process of removing intermediaries from a supply chain. In the procurement world, this means directly engaging with manufacturers or service providers instead of going through distributors, agents, or other middlemen. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice."

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The Top Procurement Trends of 2022 that you need to know

World of Procurement blog

With solutions such as Tealbook , which creates a supplier data foundation that isn’t dependent on a supplier going into a portal and updating information, we will see a shift in procurement teams opting for options such as this. With better data comes more precise insights into your Supply Chain.

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The New Look on Industrial Buying

The Good Spending

So, there's no limitation to the competitive sourcing process. T hese routine activities leverage integrated automated systems, enabling supply chain visibility. Perhaps, it makes sense to optimize our legacy procurement toolkits through relationship-based upgrades. My Udemy course "Procurement Lab."

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The Road to a Stronger Business is through Procurement

HICX

Leaders peering into the supply chain can’t see what’s happening through all this bad data – and their choices suffer for it. How then, can management create a clear supply chain view and keep it that way? By making it easier for suppliers to work with their businesses. Get to the heart of the problem.