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Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Explore Emerging Tech: Understand blockchain’s role in tracking and IoT for inventory management. Sustainability and Ethical Sourcing Actionable Steps: Develop a Sustainability Policy: Incorporate green procurement principles into procurement criteria. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,

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What’s in Store for the Supply Chain in 2025? – Institute for Supply Management News

Let's Talk Supply Chain

Enhanced Sustainability: Sustainability will take center stage, with a focus on reducing carbon footprints, promoting ethical sourcing, and fostering environmentally-friendly practices‍ throughout the supply chain. Predictive Analytics: Utilizing data to forecast demand and optimize inventory levels.

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How MTSS Platforms Can Prepare the Next Generation of Supply Chain Professionals

SCMDOJO

For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs. Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects.

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Supply Chain News Roundup: Boeing Machinists End Strike – Institute for Supply Management News

Let's Talk Supply Chain

Additionally, the Institute for Supply Management ‍(ISM) news highlighted the growing focus on sustainability and ethical sourcing within supply chains. companies are increasingly prioritizing environmentally friendly practices and ensuring that their suppliers adhere to ethical standards.

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The Benefits Of Ethical Procurement

Barkers Procurement

Ethical procurement policies provide clear guidance for sourcing supplies and establishing internal and external relationships essential for daily operations and long-term growth. What is ethical procurement? ” The research further found that one-third of employed UK workers left a job for ethical reasons.

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Supplier Collaboration: Driving Innovation and Competitive Advantage

Jaggaer

A major pharmaceutical company might collaborate closely with its suppliers, distributors, healthcare providers, and consultants specializing in ethical best practices. This not only helps avoid stockouts but also reduces the need for excessive inventory, reducing overage and storage costs.

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Upskilling Supply Chain & Procurement To Gain Strategic Skills

Skill Dynamics

Data Analytics and Technology Integration : Data plays a more important role than ever in modern supply chain management, with a clear need for professionals to interpret and understand large amounts of data to help optimize inventory, manage logistics, and forecast overall demand. What Is an End-to-End Supply Chain?