ivalua

DECEMBER 14, 2020

In a recent webinar, “ How to Leverage S2P Platforms to Enable Supply Chain Resilience ,” procurement experts from Forrester, Ivalua and Procurement Leaders discussed how digital transformation and the technologies that enable it can help companies mitigate risk and be more agile and resilient.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

Procurement Tactics

NOVEMBER 24, 2022

33 Procurement Interview Questions in 2022. Responsible sourcing or ethical sourcing is an approach to sourcing and supply chain done by companies to consciously source and procure products or services for their operations in sustainable and ethical ways. Investors and consumers demand. Download Free Whitepaper ?. ?.

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Sourcing Ethics Sustainability Supply chain 193

Una

MARCH 23, 2023

Pain Points in Procurement Series Improving Time-to-Source in Procurement Improving time-to-source in procurement can lead to greater customer satisfaction, streamlined sourcing processes, and increased cost savings. By Hugo Britt | March 23, 2023 Search Welcome to Una’s Pain Points in Procurement series.

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Sourcing Procurement Procurement team Contract 98

Procurement Tactics

MAY 8, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter CPFR in Supply Chain — Everything You Should Know CPFR in supply chain allows both businesses and suppliers to fulfill customer demand. However, what is it?

Supply Chain Efficiency 200

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 200

Procurement Tactics

MARCH 13, 2023

This means that if processing plants have a limited capacity to process slaughtered cattle, this will cause a low beef supply in the market which will eventually lead to higher demand and value fluctuation. Overall, though there is constant cattle production in the market, its price still relies heaving on demand and supply.

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Price Demand Consumer demands Influencing 195

Procurement Leaders

DECEMBER 22, 2024

As CPO and leader of procurement strategy, you deserve a break because the past 12 months have been challenging to say the least. In fact, its a good job that your average chief procurement officer is naturally drawn to complex problems because there was a rich vein of them through 2024. First, happy holidays! Third, AI bunfights.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Chief Procurement Officer Consumer demands Procurement strategies 130

Procurement Freelancers

MARCH 18, 2024

In the world of fashion, where trends change with the seasons and consumer demands are… The post The Unsung Heroes of Fashion: The Vital Role of Sourcing Agents in the Garment Manufacturing Industry first appeared on Procurement Blog | Procurement & Supply Chain News.

Sourcing 94

Sourcing Consumer demands Supply chain Demand 94

Una

NOVEMBER 14, 2022

Five Predictions for the Future of Procurement. As we move further and further from the effects of a global pandemic, procurement will not revisit the “good old days” of the mid-2010s. COVID permanently changed the procurement game. Did the pandemic already write procurement’s future? By Eric Edwards | November 15, 2022.

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Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

Spend Matters

OCTOBER 12, 2023

In a new series of interviews Spend Matters is speaking with representatives from the procurement world of practitioners, tech solution providers and consultants to discover the word on the street about ‘turning digital.’ This is something that many procurement practitioners have yet to realize. A faster horse or a car?

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Procurement Suppliers Supply chain Consumer demands 114

ivalua

JUNE 17, 2022

Over half of the heads of procurement in our survey (53%) are currently confident in the resiliency of their supply chains, while 20% of the respondents are somewhat confident. Procurement leaders are under increased pressure to improve supply chain resilience. Future-proofing Procurement Against Supply and Demand Shocks.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Risk e2e 130

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

The Thomas Blog

SEPTEMBER 6, 2022

But many major food and beverage (F&B) companies have shown that they are not as nimble as smaller companies when it comes to adapting to consumer preferences and there are still challenges the food and beverage industry faces. Consumer Demands of Millennials & Gen Z. Company Acquisitions To Supercharge The Industry.

Consumer demands 105

Consumer demands Supply Chain Efficiency Buyers Demand 105

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

ivalua

MAY 7, 2020

A Procurement Officer Survey conducted in 2012 by the IBM Institute for Business Value found that 53% of respondents believed their organization was “effective” or “very effective” at leveraging Supplier Relationship Management and Supplier Risk Management technologies. Most Procurement organizations are not yet advanced.

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Supply Chain Optimization Supplier relationship management Supply chain Risk 130

Fraxion

APRIL 11, 2022

Over the past two years, the global pandemic has exposed existing weaknesses in global supply chains—high consumer demand and increasing supply chain costs have created difficulties in procurement worldwide, with soaring inflation impacting business spend and, ultimately, profitability [1].

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Supply chain Consumer demands Procurement Supply 52

Strategic Sourceror

JULY 28, 2022

And there is a consensus amongst analysts that over-optimistic procurement strategies across the retail sector have led to a predictable level of overstocking. Add supply chain delays and seasonal purchasing habits into the mix, and retailers have been left with a double hit of unwanted inventory and limited consumer demand.

Inventory 100

Inventory Price Consumer demands Strategic sourcing 100

Strategic Sourceror

SEPTEMBER 23, 2022

Growth in consumer demand Depending on the season, certain items tend to be purchased at a higher rate, such as cabbage and corned beef in mid-March and Bell's seasoning and pumpkin filling in late November. That's up from 42% when a similar survey was conducted in 2021. Brought to you by the StrategicSourceror.

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Supply Consumer demands Price Supply chain 102

Strategic Sourceror

AUGUST 5, 2022

But as with a number of other industries, the candy sector is in the midst of labor shortage, unable to produce as much product as they have in the past and at the pace of consumer demand. They're also snatching up ingredients more quickly than they in the past to shore up their inventory and avoid delays.

Supply chain 104

Supply chain Supply Buyers Consumer demands 104

Strategic Sourceror

AUGUST 3, 2022

But with the COVID-19 lockdowns lifted and life largely back to normal, retailers appear to have overestimated consumer demand, with their inventories far exceeding the once torrid pace of sales. Brought to you by the StrategicSourceror.

Inventory 104

Inventory supply chain budgeting Supply Chain Optimization Consumer demands 104

Una

AUGUST 9, 2022

In this article, we’ll explore ways to achieve cost reduction in procurement and ensure business continuity in times of economic uncertainty. Two years later, we’re seeing the opposite end of the spectrum as consumer demand for things like fuel and new automobiles has now spiked. Cost reduction in procurement.

Purchasing 96

Purchasing Strategy supply chain budgeting Procurement team 96

SupplyShift

NOVEMBER 12, 2021

In the wake of the COVID-19 pandemic and mass shortages of basic goods like toilet paper, the world is realizing the pivotal role that procurement plays in the everyday running of businesses and global commerce. In recent years, as consumer demand has increased, so have the consequences.

Sustainability 52

Sustainability Procurement Procurement team Consumer demands 52

Strategic Sourceror

FEBRUARY 10, 2023

From drive shafts and semiconductors to a number of other essential parts, the component crunch that's played out over the past several years has exacerbated motor carriers' inability to keep up with the pace of consumer demand. Brought to you by the StrategicSourceror.

Supply Chain Efficiency 90

Supply Chain Efficiency Consumer demands Strategic sourcing Strategic sourcing 90

Jaggaer

OCTOBER 24, 2024

In the retail sector, collaboration with suppliers can provide retailers with real-time information about inventory levels, enabling them to respond quickly to changes in consumer demand. This not only helps avoid stockouts but also reduces the need for excessive inventory, reducing overage and storage costs.

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Collaboration Innovation Suppliers supply chain budgeting 52

Procurement Insights

NOVEMBER 21, 2023

In my December 2019 post , Sorry, Charlie, there is something wrong with the world’s seafood supply chain I talked about consumer demand for tracking the seafood industry from source to plate. I realize that the above examples focus on the food industry.

e2e 86

e2e Real-time Visibility Sourcing Consumer demands 86

NLPA (Next Level Purchasing Association)

SEPTEMBER 30, 2024

This change is particularly relevant for procurement and purchasing professionals. Let’s explore why warehouse automation is crucial for new players in the purchasing and procurement industry. Automation allows procurement professionals to streamline processes, reduce labor costs, and improve accuracy across the supply chain.

Purchasing 52

Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 52

Supply Chain Game Changer

NOVEMBER 22, 2018

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing.

supply chain budgeting 63

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63

Una

OCTOBER 26, 2023

What Skills Does an ESG Procurement Manager Need? Organizations are feeling the need to fill highly-skilled ESG procurement manager roles to meet consumer demand for sustainable goods. Why is demand for ESG procurement managers growing? What makes the role of ESG Procurement Manager so attractive?

Management 52

Management Procurement Supply Chain Efficiency Stakeholder engagement 52

Empowering CPO

MAY 11, 2023

The Importance of Sustainable Procurement In today’s rapidly evolving global economy, businesses and organizations must look beyond traditional procurement practices to ensure long-term success and positive impact. Understanding Sustainable Procurement A. Introduction A.

Sustainability 52

Sustainability Procurement Supply Chain Efficiency Raw materials 52

SCMDOJO

MAY 2, 2024

Organizations face an array of challenges, including material and labor shortages, inflation, fluctuating consumer demand, disruptions in the supply chain, and volatile global trade relationships. Moreover, she is an invited lecturer and Award-Winning Speaker, nominated for the ‘Best Procurement CPOs – Russia’ list.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 98

SupplyShift

NOVEMBER 12, 2021

In the wake of the COVID-19 pandemic and mass shortages of basic goods like toilet paper, the world is realizing the pivotal role that procurement plays in the everyday running of businesses and global commerce. In recent years, as consumer demand has increased, so have the consequences.

Sustainability 40

Sustainability Procurement Procurement team Consumer demands 40

Arkestro

OCTOBER 10, 2023

Resources / Blog / AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success The COVID-19 pandemic forced countless industries to become more lean, agile, and innovative, and the oil and gas industry was no exception to the trend.

Agile and Lean Supply Chain 52

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

Supply Chain Game Changer

MARCH 6, 2019

7 KPIs Your Procurement Team May Be Ignoring! Procurement is a business function that has undergone a lot of change in the last few years. As a believer in the power of procurement, this recognition makes me happy. But, we can’t begin our journey towards the future of procurement excellence in a ’93 Escort. Email Address.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

SCMDOJO

MAY 2, 2024

Organizations face an array of challenges, including material and labor shortages, inflation, fluctuating consumer demand, disruptions in the supply chain, and volatile global trade relationships. Moreover, she is an invited lecturer and Award-Winning Speaker, nominated for the ‘Best Procurement CPOs – Russia’ list.

Agile and Lean Supply Chain 93

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 93

The Thomas Blog

APRIL 13, 2023

2021 saw high demand for lumber, with searches for lumber on the Thomasnet.com platform up 43% year over year. The lumber sourcing surge was fueled by a spike in building materials, driven by the resurgence of construction projects and consumer demand for home improvement materials. billion by 2030. New to Thomasnet.com ® ?

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Raw materials Consumer demands Demand Sourcing 98

Strategic Sourceror

JANUARY 20, 2023

Department of Labor, the Consumer Price Index in November 2022 had increased 7.1% Resurgent consumer demand, business closures, transportation disruptions and port congestion have all conspired to put pressure on suppliers and raise the cost of doing business. According to the U.S. over the previous 12 months.

supply chain budgeting 62

supply chain budgeting Raw materials Supply chain Supply 62

Planergy

MARCH 12, 2025

Download Free Copy Reshoring vs Nearshoring: Key Differences and Business Benefits Category Inventory Written by Lyle Del Vecchio 16 min read Tags Procurement Supply Chain Management Last edited March 12, 2025 Download PDF IN THIS ARTICLE What is Reshoring? How better management in AP can give you better flexibility for cash flow management.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 52

Una

FEBRUARY 13, 2023

Activate your supply chain backup plan First, risk management 101 in procurement involves having a network of backup suppliers for when disruption occurs. Logistics visibility: Gathering and analyzing data is the only way to mitigate supply chain disruptions like canal blockages, border closures, and delays or surges in consumer demand.

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Supply chain Supply Contract Suppliers 98