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A procurement professional’s guide to risk events and mitigation strategies — FMCG

Spend Matters

As part of our theme this quarter on Procurement’s role and value in supply chain risk management, we are speaking with practitioners in the field to understand their perceptions of risk — clearly different industries perceive types of risk in different ways.

Risk 111
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Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. Develop Long-term Relationships: Establish partnerships with key suppliers to foster trust and innovation. Workshops on negotiation and supplier relationship management. Coursera, LinkedIn Learning).

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Agentic AI in Supply Chains: The Future of Decision Making

SCMDOJO

However, the next wave of AI innovation is here: autonomous AI agents. This leap in AI capabilities is revolutionizing industries, and AI-driven supply chain management is no exception. Agentic AI takes this a step further by enabling autonomous supply chain systems.

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Procurement Technology – What it can and can’t replace in a Manufacturer’s Journey Towards Supply Chain Resilience and Agility

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A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. There are many supply chain management lessons to learn from the Covid-19 crisis.

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Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. By fostering these relationships, businesses can ensure stable supply chains, consistent quality, and even access to supplier innovations. Click here!

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What About Procurement Objectives?

Procurement Templates

Adopt a Forward-Thinking Approach: Stay ahead by monitoring emerging procurement trends, such as digital transformation and sustainability innovations. Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations. CIPS, ISM).

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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

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Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.