article thumbnail

Procurement Strategy’s Role in Guarding Against Supply Chain Disruptions

SCMDOJO

Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. Optimize costs without compromising supply chain continuity. Enhanced Agility: Enables rapid response to unexpected supply chain changes.

article thumbnail

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

Procurement Insights

Impact of Globalization and Supply Chain Complexity : The complexity of global supply chains highlighted procurement’s role in managing risks, ensuring continuity, and driving efficiencies. CFOs began to see procurement as critical to business continuity and organizational agility.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

Market Conditions: PPV can be favourable for the companies who monitor the market trends actively as it can give the advantage of the commodities declining prices and seasonal fluctuation due to change in the market trends. Industry Benchmarks: In the market, a company is never the sole player. References Garnder, S.

Price 69
article thumbnail

The Rise of Women in Supply Chain: Career Choice

SCMDOJO

In recent years, there has been a significant shift in the supply chain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supply chain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.

article thumbnail

Commodity Trading — Everything You Should Know

Procurement Tactics

Livestock Commodities Livestock and meat commodities include lean hogs , pork, live cattle , and feeder cattle. It follows the principles of supply and demand as it is the driving force of commodity markets. Mintec Mintec provides market intelligence, commodity prices, and price forecasts across the agri-food supply chain.

article thumbnail

Pando: Vendor Analysis — Logistics fulfillment solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Pando and its solution for freight and logistics fulfillment. Even before the coronavirus pandemic, supply chains were prone to disruption due to the lack of collaboration between suppliers, customers, carriers and facilities. This content is for members only.

article thumbnail

How Learning a New Language Can Benefit Your Career in Supply Chain Management

SCMDOJO

Even if we take a quick look at the current supply chain management challenges like digital transformation and demanding forecasting evaluation, it becomes obvious that learning a new language is essential. Why Learning a New Language Can Benefit Your Career in Supply Chain Management – Global Market Analysis.