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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.

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

Procurement Insights

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. CFOs began to see procurement as critical to business continuity and organizational agility.

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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. Commodity Trading is responsible for facilitating price discovery which in turn, helps to establish fair market prices.

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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.

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Role-Based Training for Procurement & Supply Chain Teams

Skill Dynamics

This leads to professional growth and supply chain efficiency – just two benefits of role-based training , of which there are many more. Elevating Procurement Excellence Through Targeted Training Role-based procurement training is ideal because procurement and supply chain roles often come with role-specific challenges.

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The Criticality of Procurement Training in 2023

NLPA (Next Level Purchasing Association)

Supply chains are becoming more and more complex, constrained, and daunting by the day. Covid and post-Covid periods have reaped havoc on supply lines. Market Analysi s: An assessment of the market for each commodity. Supply Chain Agility and Visibility.

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Your Business Guide to Outsourced Procurement

Una

Being able to adapt fast keeps businesses agile and ready for whatever the market throws their way. Prioritize cybersecurity Make sure that your outsourcing partner has robust cybersecurity measures in place to minimize the chance of a supply chain or back-door attack on your organization.