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What About Procurement Objectives?

Procurement Templates

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.

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Top 10 CEOs Who Have Had Roles in Supply Chain

SCMDOJO

From tech giants to manufacturing leaders, the top 10 CEOs in the supply chain industry have blazed a trail of success. The Top 10 CEOs Who Have Worked As Supply Chain Professionals 1. Tim Cook Tim Cook, the CEO of Apple, has a background in operations and supply chain management. Don’t forget!

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7 Ways to Improve Supply Chain Visibility

Supply Chain Opz

In recent years, the auto-id technology such as bar code and RFID together with the electronic data transmission are considered the holy grail of supply chain visibility. Another way to shorten the pipeline is to reduce the number of suppliers or supply base reduction. The answer is NO.

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The Big Interview with Lorna Baker

Procurement Heads

We’re responsible for the supplier management and then supporting the business in contract management as well. We are having to become much more agile in our approach because suppliers are less willing to hold their pricing. Sustainability is one of those, and supply chains can influence carbon emissions in a huge way.

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Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study

ivalua

As the lynchpin to suppliers, they play a pivotal role in combatting the effects of inflation, ensuring supply continuity, complying with regulatory requirements, improving sustainability and other top business priorities. Furthermore, their rapidly shifting nature requires a new level of agility. The same applies internally.

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What are the different types of sourcing?

IBM Supply Chain Blog

With rising consumer and stakeholder expectations around ethical and responsible supply chains, who supplies your organization’s goods and services is also a C-suite consideration. The sourcing process sits within supply chain management and is used for identifying, vetting and selecting the best suppliers.

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Top 5 Procurement Strategies from 2024 to Set You Up for Success in 2025

NLPA (Next Level Purchasing Association)

Whether its about navigating complex supplier relationships, managing costs, or preparing for unpredictable challenges, procurement leaders have shown that adaptability and innovation are key. Companies doubled down on sourcing responsibly, reducing waste, and ensuring their supply chains supported broader environmental goals.