Remove Agile and Lean Supply Chain Remove Demand Planning Remove Global sourcing
article thumbnail

What About Procurement Objectives?

Procurement Templates

Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations. Create Contingency Plans: Develop risk management protocols for supply disruptions and emergencies. Explore alternative sourcing models , such as consortium buying or global sourcing hubs.

article thumbnail

The Big Interview with Lorna Baker

Procurement Heads

We are having to become much more agile in our approach because suppliers are less willing to hold their pricing. I’m passionate about working in collaboration with the supply chain and allowing for constructive conversations so that we’re doing all we can to ensure the best value for money for our customers.