Remove Agile and Lean Supply Chain Remove Purchase orders Remove Suppliers
article thumbnail

Friends not Foes, Supplier Relationships Made to Last

ivalua

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. .

Suppliers 246
article thumbnail

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

SCMDOJO

Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. It involves a methodical approach aimed at developing long-term supplier relationships, mitigating risks, and improving overall cost efficiency. Done well, it can become a key driver of competitive advantage.

professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Navigating the Future of Supply Chains: Insights & Procurement

Jaggaer

Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supply chains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority.

article thumbnail

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

Price 264
article thumbnail

How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence.

article thumbnail

Agile vs Lean Supply Chain: What’s the Difference?

Procurify

Did you know that only 22 percent of companies have a proactive supply chain network? That’s why in today’s fast-paced global economy, it’s more important than ever to make sure your supply chain is efficient and reliable. . Let’s take a look at each of these supply chain management methods. .

article thumbnail

Leveraging supply chain disruptions to accelerate digital transformation

Spend Matters

. “Never waste a good crisis” is a phrase worth pondering in the realm of digital transformation for supply chains. Historically, major companies neglected supply chain transformation and digital investments until global disruptions, such as the Covid pandemic, forced a change. 22, at 10:00 AM PST.