Remove Ethics Remove Purchasing Remove Supply chain resilience
article thumbnail

Supply Chain Collaboration — The Ultimate Guide

Procurement Tactics

The complexity of today’s supply chain makes it more prone to severe impacts from disruptions, just like what happened at the start of the pandemic. . Due to this, many organizations have put supply chain resilience as a top priority. Enhanced ethical standards. Ultimate Supplier Plotting Checklist 2023.

article thumbnail

Procurement and Sustainability: A Harmonious Partnership for a Greener Future

Procurement Templates

This involves selecting suppliers and partners who are committed to ethical and eco-friendly practices. For example, a product with a lower purchase price may have higher long-term operational and disposal costs. LCAs can also reveal hidden costs associated with unsustainable practices.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

MCIPS vs SCMDOJO Procurement Track

SCMDOJO

Comprehensive Curriculum: MCIPS covers a broad spectrum of topics, from procurement principles and strategies to contract management, negotiation, and ethical considerations. Think of it as the gold standard for procurement professionals. It provides a holistic view of the procurement landscape.

article thumbnail

How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. Resilience and that ability to react quickly to change makes Procurement a much more strategic part of the organization, than if they focus only on reducing costs,” he said.

article thumbnail

The Rise of Women in Supply Chain: Career Choice

SCMDOJO

Embracing diversity as a strategic advantage in the supply chain industry is not only the right thing to do ethically but also a smart business decision that drives innovation, growth, and sustainable success. Why Supply Chain is a Great Career Choice for Women?

article thumbnail

Onventis makes the leap from a ‘Provider to Watch’ to a ‘Provider to Know’ in the 2023 best-in-class procurement solution lists

Spend Matters

Here’s how Onventis describes itself: “We are pioneers in cloud-based solutions, transforming purchasing and finance processes since 2000. These technologies will have a major impact on purchasing and significantly improve the efficiency and accuracy of procurement processes. Supply chain resilience is becoming increasingly critical.

article thumbnail

Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.