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 Game Changer

AUGUST 21, 2022

Subscribe to Supply Chain Game Changer. Supply Chain’s Moment of Truth Has Arrived! A solid supply chain and logistics strategy is essential for large companies. Logistics plays a critical role in a company’s supply chain. Subscribe Here! Email Address.

Supply Chain Efficiency 104

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Logistics 104

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. delivery reliability”), but is that really “supply chain thinking”?

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

Let's Talk Supply Chain

DECEMBER 28, 2023

As the year draws to a close, we can look back on all the progress women in supply chain made this year and the powerful gains ahead. 2023 marks the year women in supply chain returned to the post-pandemic workforce in full force. Let’s Talk Supply Chain is committed to closing the remaining gender gap.

supply chain budgeting 105

supply chain budgeting Supply chain Supply Leadership 105

Let's Talk Supply Chain

JULY 17, 2024

Hurricane season is always deeply volatile for supply chains, and this year it’s extreme. Hurricanes have already rocked communities and supply chains around the world, and we’re just getting started with the season typically running from June 1 st to November 30 th —peaking in late August and September.

supply chain budgeting 98

supply chain budgeting Supply chain Supply Leadership 98

Let's Talk Supply Chain

MARCH 21, 2024

2024 has brought a fresh sense of urgency to the global supply chain amidst growing regional wars and tensions, and calls from climate scientists have kept sustainability initiatives a top priority. The supply chain isn’t getting any less complicated. Women in supply chain motivate us.

supply chain budgeting 98

supply chain budgeting Supply chain Supply Logistics 98

The Network Effect

APRIL 16, 2015

It is difficult to come across many supply chain leaders today who do not subscribe to the principle of Demand-Driven Supply Chains. As supply chain experts we continue to write about, provide webinars, present at conferences, and assist numerous client companies to progress towards the Demand-Driven Supply Chain model.

supply chain budgeting 65

supply chain budgeting supply chain software solutions Demand Supply Chain Optimization 65

Supply Chain Opz

JUNE 1, 2014

Professionals in supply chain management use various methods to identify best practices to improve the operations. Analysis of case study is certainly one of the most popular methods for people from business management background. Supply Chain of fashion industry involves a time based competition.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply chain 95

Let's Talk Supply Chain

NOVEMBER 7, 2022

It’s not getting better—in fact the performance of each of the three national carriers has steadily declined due to structural issues including poor earnings, supply chain issues and constrained labor. This is the fastest way to reduce costs while ensuring performance remains acceptable. About the Author.

supply chain budgeting 105

supply chain budgeting Supply Chain Optimization Business strategy Logistics 105

NLPA (Next Level Purchasing Association)

DECEMBER 14, 2022

Until you can leverage what it takes to succeed, most businesses today will struggle to maintain fiscal viability and relevance in the Modern Global Market. The root causes of these issues often stem from a clash of the following critical Supply Chain Variables: Poor Toxic Culture. Inability to execute good Business Strategies.

Agile and Lean Supply Chain 52

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

NLPA (Next Level Purchasing Association)

MAY 8, 2023

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them. million in 2015.

Supply Chain Visibility 52

Supply Chain Visibility Real-time Visibility supply chain budgeting Supply Chain Optimization 52

SCMDOJO

OCTOBER 7, 2024

The Global Supply Chain is thriving with each passing day. Business profitability and customer satisfaction always go hand in hand. However, the game-changer is how Cost Efficiency and Cost Effectiveness play their role in the supply chain. What is Cost Efficiency?

Supply Chain Efficiency 92

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 92

Procurement Tactics

SEPTEMBER 22, 2022

Of course, there are companies that have already adopted sustainability in their supply chain. . In this article, we will briefly discuss sustainability in procurement and its significance to businesses. Additionally, we will show you some companies that have embraced sustainability in their supply chain. .

Sustainability 130

Sustainability Procurement supply chain budgeting Supply Chain Efficiency 130

Supply Chain Game Changer

JULY 20, 2021

Subscribe to Supply Chain Game Changer. Do you have a business and want to make it a success? When you want to make your business a success, then you need to think out of the box with respect to your expense management. You will need to make significant changes in your business strategy. Subscribe Here!

supply chain budgeting 98

supply chain budgeting Supply Chain Efficiency Supply chain Budget 98

Jaggaer

FEBRUARY 5, 2025

Historical data and AI-driven insights help optimize decision-making, allowing procurement teams to focus their expertise on more nuanced evaluations like supplier alignment with business strategy and customer service approach. Implement a robust supplier performance management program such as JAGGAER Supply Chain Collaboration.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

Spend Management is a critical function within an organization, and it involves the strategic management of the company’s spending to reduce costs, improve efficiency, and enhance profitability. We should also monitor the actual expenses against the projected spend to ensure that we are staying within our budget.”

Spend management 98

Spend management Management Procurement supply chain budgeting 98

Let's Talk Supply Chain

JANUARY 18, 2024

It’s a new year, and there are reasons to suggest that 2024 might be a departure from the fresh chaos that has hallmarked supply chain since the 2020’s started, or at least a de-escalation. Over the last few years, supply chain professionals have navigated an endless array of challenges.

Logistics 105

Logistics supply chain budgeting Agile and Lean Supply Chain Supply chain 105

Let's Talk Supply Chain

MAY 16, 2024

Supply Chain is no stranger to change, challenges, and yes, general chaos, but this year has been its own kind of animal charged by a strained global economy, shifting tensions across continents, and a major presidential election that could have resounding impacts across business and commerce this coming fall.

supply chain budgeting 96

supply chain budgeting Agile and Lean Supply Chain Supply chain Logistics 96

SCMDOJO

DECEMBER 18, 2023

In the world of manufacturing and maintenance, effective spare parts management is essential for maximizing equipment uptime and reducing costs. Predictive Management Utilization: Utilize predictive management techniques to optimize resource utilization, cut costs, and minimize the time required for issue resolution.

Supply Chain Efficiency 94

Supply Chain Efficiency Inventory control Management supply chain budgeting 94

Supply Chain Brain

SEPTEMBER 29, 2020

These steps aren’t one-time actionable steps but rather long-term focuses that should be implemented alongside other operational and business strategies.

Strategy 98

Strategy Inventory Business strategy Negotiation 98

Supply Chain Game Changer

JULY 14, 2021

Subscribe to Supply Chain Game Changer. Procurement and Sustainability are your business’ Yin and Yang. At the crossroads of sustainability, technology, and the broader supplier base lies smart, sustainable, and scaling supply chain growth; growth that comes with a balance of people, planet, and profitability in mind.

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

Spend Matters

AUGUST 2, 2023

To kick off the first in the vendor series, we spoke with James Stirk, Chief Revenue Officer at business commerce platform Tradeshift. Businesses are inevitably looking at ways to reduce costs, but that’s rarely the primary motivator we’ve seen for change, even in the current economic climate.

supply chain budgeting 98

supply chain budgeting Procurement Supply chain Suppliers 98

Let's Talk Supply Chain

SEPTEMBER 19, 2024

We talk a lot about the latest supply chain disruptions—they are constant—and how to combat them with diversity in thought and representation. Because consumers who drive demand and momentum are more aware of supply chains than ever. Ending the gender gap isn’t just good for people, it’s great for business.

supply chain budgeting 52

supply chain budgeting Supply chain Supply Logistics 52

Let's Talk Supply Chain

AUGUST 18, 2024

Heightening geopolitical tensions and war have been presenting supply chain leaders with new challenges. The Russian War on Ukraine and the Hamas-Israeli war have created fresh challenges for global supply chains. These novel supply chain challenges require diversity in thought and in the workforce.

supply chain budgeting 52

supply chain budgeting Supply chain Supply Logistics 52

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. The aim is not only to streamline operations but also to extract maximum value from every link in the supply chain. This is where EmpoweringCPO stands apart.

Supply Chain Optimization 52

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

HICX

DECEMBER 11, 2023

The effective management of supply chains is critical to business operations and by adopting newer digital solutions, organizations can benefit from improved efficiency, reduced costs and operational improvements across the supply chain as a whole.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Agile and Lean Supply Chain 52

Let's Talk Supply Chain

JUNE 19, 2024

Summer is here and we’re already cooking with fresh global supply chain disruptions. The Supply Chain Act driving sustainability and putting environmental conservation first for European businesses is presenting new challenges for businesses looking to find compatible logistics and sourcing partners.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply chain Supply 52

The Good Spending

AUGUST 23, 2022

The fight for discounts will lead to applying either of three project management levers - Time, Budget, or Scope - and the inevitable quality deterioration. Cost avoidance Future years. Any savings attributable to the future periods beyond the current fiscal year is treated as cost avoidance because future P&L will account for it.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Let's Talk Supply Chain

NOVEMBER 30, 2023

Women in supply chain are gaining momentum in narrowing the gender gap. They now make up 41% of the supply chain workforce, an almost 40% increase from the year prior. Post-pandemic dynamics and more awareness of supply chains are empowering progress in what was once an overwhelmingly male-dominated industry.

supply chain budgeting 52

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

Let's Talk Supply Chain

OCTOBER 27, 2023

The number of women in supply chain is still rising, increasing 3 to 5% annually, now making up 41% of the industry. This decade has brought a greater understanding and awareness of how supply chains impact communities globally. The recently overwhelmingly male-dominated industry is shifting and evolving.

Agile and Lean Supply Chain 52

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

Let's Talk Supply Chain

FEBRUARY 16, 2024

2024 is coming at us fast and the supply chain is front-and-center when it comes to geopolitical tensions and wars plaguing the globe. Just this week, retail brands called for safe travel on the Red Sea amidst growing rates and delays and regional fighting that has cost over $80B in inventory. Yes, don’t forget the pirates.

Logistics 98

Logistics supply chain budgeting Supply Chain Efficiency Supply chain 98

Supply Chain Game Changer

JULY 2, 2021

Subscribe to Supply Chain Game Changer. Businesses have come a long way from just selling products and services to refining various processes and audience targeting. Today, running a business is undoubtedly rewarding but challenging at the same time. Your decisions will have a significant impact on the overall business.

Management 73

Management supply chain budgeting supply chain software solutions Supply Chain Efficiency 73

Jaggaer

APRIL 14, 2020

Define your procurement response strategy. Catch the on-demand webinar on building business continuity plans and business strategies for the short, mid and long-term. This is perhaps an extreme example, but it highlights how COVID-19 is causing severe disruptions to supply chains. The longer-term impacts.

supply chain budgeting 52

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

SCMDOJO

NOVEMBER 9, 2023

Budgeting the Inventory controls Anticipation and meticulous planning are paramount when embarking on inventory management, necessitating the formulation of an annual inventory budget well in advance. Inventory control templates must be formulated dictating the desired budget.

Inventory control 105

Inventory control Inventory supply chain budgeting Supply Chain Optimization 105

Let's Talk Supply Chain

OCTOBER 23, 2022

Today I’m joined by Shipium , a powerhouse logistics tech company who are on a mission to modernize the ecommerce supply chain, and help you turn logistics into a strategic differentiator for growth. Shipium coordinates previously disconnected supply chain steps to help retailers offer fast, free, and on-time shipping.

Supply Chain Efficiency 40

Supply Chain Efficiency supply chain budgeting Supply chain Supply 40

IBM Supply Chain Blog

JANUARY 16, 2024

Successful companies fuse product development practices with overarching business strategies to ensure sustainable innovations that will resonate efficiently and sustainably with customers—both in existing markets and among new target audiences. Will a product or feature drive specific and measurable business value?

Product development 74

Product development Strategy supply chain budgeting supply chain software solutions 74

Arkestro

FEBRUARY 25, 2025

Organizations across the globe are rethinking their procurement practices and policies, recognizing that ethical procurement isnt just about following trends; its about building a more inclusive, efficient, and equitable supply chain. While this represents a substantial investment, the benefits are undeniable.

Sustainability 52

Sustainability Supply Chain Efficiency supply chain budgeting Ethics 52