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Many businesses go to market for solution support within supplier management with ESG/Corporate sustainability as a primary compelling event, or driving factor. Customer requirements on more sustainable products/services, and/or requests for supplychain transparency/due diligence.
Maja Tepeh , Senior Brand Manager at supplychain risk management solution Prewave , shares what their customers are looking for from their digital procurement investment. On an environmental level, progress toward targets needs to be measurable: not just at the customers company, but across their entire supplychain.
Sustainability Will Be a Top Priority for Procurement Teams in 2025 Sustainable procurement initiatives will continue to grow in importance in 2025. Sustainability means considering social and environmental factors alongside purely financial and economic ones. Subscribe to news from Arkestro.
Collaborative efforts between buyers and suppliers, along with better tools, education, and incentives, can help overcome these barriers and foster a more sustainablesupplychain. STAKEHOLDER (AGENT) 4 What are the main concerns that affect consumer decision-making regarding ESG goals?
Supplier Collaboration: Driving Innovation and Competitive Advantage In today’s hyper-connected global economy, where supplychains span continents, and industries are interlinked globally, supplier collaboration serves as the foundation to drive innovation and create a future-ready organization.
This Spend Matters Vendor Analysis gives an updated overview of Sphera’s SCRM solution, a solution built to improve supplychainresilience by tackling both predictable and unpredictable risks. GHG, human rights and PFAS). GHG, human rights and PFAS). This content is for members only.
According to Geraint John , Vice President Analyst with the Gartner SupplyChain practice, “Supplychain executives overwhelmingly recognize the necessity to make their networks more resilient and agile.” In this blog, let’s explore best practices that drive supplychainresiliency with this definition at the core.
Additionally, a purpose-built solution will enable you to measure and monitor buyer adherence to compliance purchasing, ensuring your team is taking advantage of preferred items and reaping the rewards of the contracts you have in place. Best-in-Class Beats Single-Stack.
Our flagship product, Onventis Buyer cloud software, stands as a comprehensive procurement system designed to empower organizations across all aspects of procurement. Onventis Buyer represents a powerful solution that streamlines and automates the entire procurement journey, from the initial sourcing to the final payment to spend analysis.
Supplier collaboration goes beyond traditional buyer-supplier relationships by promoting cooperation, transparency, and innovation throughout the supplychain. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4.
“A 2023 survey by KPMG highlights this transition, revealing that procurement leaders are now focusing on supplychainresiliency (68%), introducing new products or expanding into new markets (65%), and improving margins through cost reduction (71%). What is your take?
Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. Tools like PLANERGY enhance supplychainresilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers.
This resilience can be defined as “ the ability of a central procurement and supply management function to prepare for unexpected events, respond to disruptions, recover, and emerge even stronger. ” Manufacturers cannot foresee every risk, inconvenience, or disaster, but they can equip themselves to handle the unexpected and come out on top.
Here are the 7 supplychain management trends for 2023 – Building agile supplychain ecosystems. Managing supplychain risk. Improving supplychain analytics. Enhancing supplychainresilience. Improving supplychainsustainability.
Risk mitigation, innovation through supplier collaboration, and increased sustainability have also driven SupplyChain’s strategic value – but they’ve taken a back seat to efficiency. Long-term business relationships between suppliers and companies are inherently more resilient than purely transactional relationships.
Geopolitics becomes a procurement issue Supplychainresilience will assume new meaning, with geopolitical tension presenting a complex puzzle for any global business. Chief Procurement Officers will come under mounting pressure to accelerate supplychain reconfiguration efforts started during the pandemic.
They come primarily from a cyber perspective, from an anti-bribery and corruption (ABAC) perspective, from an ESG and a supplychainresiliency perspective and, of course, data privacy. So you have to consider the role of your buyer and the problem they want to solve.
The reason being quite simply that there is so much else going on in our organizations and in the world at large that’s grabbing our attention: supplychain disruptions, supplier value management, risk factors, finding the right balance between savings and lead times and, last but not least, sustainability, in particular reducing carbon footprint.
Sustainability is hot. One of the best ways to support supplychainresilience is to ensure that you’re preemptive. Looking to be a part of the conversation on LinkedIn? People don’t want to buy something because it’s cheap anymore, they want to buy something because it’s from a brand they trust.
Enables adherence to policies and regulations through ethical, sustainable, and compliant practices. Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. What are the company's goals for growth, cost reduction, sustainability, innovation etc?
Over 90% of business buyers say a company’s customer experience is as important as what it sells. To avoid this, it’s crucial for businesses to carefully plan and design intelligent automation initiatives that prioritize the needs and preferences of their customers, whether they are consumers or B2B buyers.
It’s no longer about simply obtaining goods and services at the lowest cost, but also about adding value to the organization, reducing risks, enhancing sustainability, and promoting social responsibility. We will explore what they are, why they matter, and how they are being implemented across different sectors.
Scoutbee is an AI-powered procurement network that connects buyers with potential suppliers. Agentic AI takes this a step further by enabling autonomous supplychain systems. Another crucial element of sustainable logistics as a logistics trend to watch out for 2025 is the embrace of circular economy initiatives.
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