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

Procurement Insights

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. CFOs began to see procurement as critical to business continuity and organizational agility.

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Leveraging Critical Factors for Supply Chain Success

NLPA (Next Level Purchasing Association)

Until you can leverage what it takes to succeed, most businesses today will struggle to maintain fiscal viability and relevance in the Modern Global Market. The root causes of these issues often stem from a clash of the following critical Supply Chain Variables: Poor Toxic Culture. Inability to execute good Business Strategies.

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Strategic Sourcing Success – Techniques Deployed by Leaders in S2P

Jaggaer

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. We also now break down the negotiation stage into sourcing and final negotiation of contracts.

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Smart Procurement: Build More Agile and Efficient Processes

Pipefy

Smart procurement is the use of technology to improve efficiency and help build more agile procurement processes. The benefits include cost savings increase, better decision making and risk management. Other technologies commonly used are IoT, business process automation (BPA), and blockchain. What is smart procurement?

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CPO Spotlight: Clive Berrington

Procurement Heads

If you know the regulations well and you can think strategically, you can still be agile, innovative and drive value for money. I also brought in some new people into my national team and changed the culture to be more agile and service-orientated. This underlines how seriously we’re taking the threat of climate change as a business.

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Supply Chain Powerhouse, Erica Patterson on Finding Her Voice, Mentoring, and Supplier Diversity

Let's Talk Supply Chain

With a decade hallmarked by disruption, consumers are more aware of supply chain and how industry shortages, talent gaps, and climate events impact their daily lives and local communities. One dialogue that is still catching fire is how closing the gender gap in supply chain can help the industry build its ranks and agility.

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Procurement Technology: 6 Solutions You Should Know In 2024

Pipefy

Because procurement teams provide critical insights to inform business strategy , identifying opportunities to cut costs is one of the most important ways they do this. Procurement teams also share crucial data and information that business leaders need in order to make choices, set strategy, and remain competitive.