Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Supply Chain Brain

SEPTEMBER 11, 2020

The majority of manufacturing companies manage planning through two separate teams. Finance assembles budgets and capital requirements. The operations team balances supply and demand and calculates future capacity and supply needs. Finance is traditionally responsible for corporate strategy alignment.

supply chain budgeting 58

supply chain budgeting Supply chain Supply chain resilience Supply chain management 58

Supply Chain Trend

AUGUST 13, 2020

The importance of these drivers depends on the planning horizons, from the shortest – the Execution Horizon and Sales and Operations Execution – through Integrated Business Planning to the longest horizons of Strategic Planning and Visioning. STRATEGIC AND VISIONING ENVIRONMENT.

supply chain software solutions 147

supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

TYA Suite

NOVEMBER 15, 2024

Anticipating potential problems allows companies to plan better and mitigate unexpected expenses associated with disruptions or poor-quality goods. This leads to more accurate budgeting and financial stability. This involves creating plans to reduce the likelihood of risks occurring and minimizing their impact if they do happen.

Risk management 40

Risk management Risk Suppliers Strategy 40

Zycus Cognitive Procurement

JANUARY 24, 2023

Procurement professionals who can define, execute and implement strategic planning processes are required for resilient and innovative procurement functions. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

MAY 8, 2024

Developing a Strategic Procurement Plan A detailed 3-5 year strategic plan turns the strategy into an actionable roadmap. The plan defines activities like category analysis, supplier consolidation, technology implementation, process re-engineering, skill building etc. needed to deliver on the KPIs.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52