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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

When Covid-19 hit, supply chains across the globe nearly came to a halt. According to Accenture, 94% of Fortune 1000 companies saw supply chain disruptions and 75% had negative or strongly negative impacts on their businesses due to the pandemic. Procurement Teams Step-up. Influence Begins with Good Relationships.

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Supplier Collaboration: Fundamental to Elevating Manufacturing Performance

Jaggaer

By selecting and developing the right suppliers and establishing streamlined, transparent communication with them, manufacturers gain the agility and resilience to respond to customer demands, rise to the top, and navigate disruptions more easily. That makes agility a foundational part of your manufacturing strategy.

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The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay

Jaggaer

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.

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What Are The Pressures That Procurement Faces In 2023 And Beyond?

Barkers Procurement

The increasing pressure from macroeconomic factors that include Inflation, Continued Supply Chain disruption and Geopolitical tensions are primary areas of concern for the procurement professional. McKinsey reports that supply chain disruption is costing companies 0.47% on average each year. How can Barkers help?

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Navigating the Procure-to-Pay Process: Essential Steps and Insights

Jaggaer

This end-to-end workflow , typically managed by procurement and finance teams, ensures compliance, efficiency, and transparency across transactions. Supplier information stored in different systems rarely aligns, creating a lack of visibility across suppliers and spending that hinders strategic decision-making.

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What’s Next for Digital Procurement?

Jaggaer

Our survey shows that most procurement teams are there already with many applications: SRM, eSourcing, and eProcurement are in place. They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) This will play a vital role in making organizations more agile and reducing supplier risk.

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Procurement KPIs: 22 Essential Metrics for Tracking and Visualizing Procurement Performance

Pipefy

Effective modern procurement requires end-to-end process tracking to both view and control the costs, sourcing, quality, and delivery times associated with acquired goods and services. Supplier KPIs Suppliers, by definition, comprise a crucial link in your supply chain.