Procurement Tactics

DECEMBER 21, 2022

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.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Jaggaer

OCTOBER 24, 2024

A major pharmaceutical company might collaborate closely with its suppliers, distributors, healthcare providers, and consultants specializing in ethical best practices. Supply chain resiliency & risk mitigation Resiliency has become a key concern for businesses in a dynamic market environment.

Collaboration 52

Collaboration Innovation Suppliers supply chain budgeting 52

ivalua

MAY 6, 2021

The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line. Modernize your SVM software to deliver on these goals and help your supplier ecosystems be agile, ethical and reliable.

supply chain software solutions 130

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

Let's Talk Supply Chain

MARCH 3, 2025

Furthermore, supply chain resilience continues to be a top priority for businesses, with an emphasis on diversifying sourcing locations and building agile, responsive supply networks.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Logistics supply chain budgeting 52

Jaggaer

APRIL 9, 2025

Supply Chain Resilience and Compliance Recognizing organizations that use JAGGAER solutions and/or JAGGAER technology partners to anticipate, adapt to, and recover from supply chain disruptions.

Supply Chain Optimization 52

Supply Chain Optimization Eprocurement Supply chain resilience Contract 52

Jaggaer

APRIL 9, 2025

Supplier management involves selecting, onboarding, and maintaining relationships with tier 1 suppliers and those further up the supply chain (tiers 2 and upward). Effective supplier management ensures quality control, risk mitigation, and compliance with sustainability and ethical sourcing standards.

Agile and Lean Supply Chain 52

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

Procurement Templates

SEPTEMBER 14, 2023

This involves selecting suppliers and partners who are committed to ethical and eco-friendly practices. Additionally, organizations should work with legal experts to navigate complex compliance issues and ensure that their procurement practices align with legal and ethical standards.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

SCMDOJO

FEBRUARY 5, 2025

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.

Procurement 59

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 59

Procurement Insights

APRIL 13, 2025

This loopback refines decisions without human intervention, though Hansen would stress human oversight for ethics (2009 post,). Hansens model thrives on real-time resilience, as seen in its 23% savings (). Self-Learning Aspect: Algorithms adjust weights or priorities (e.g., supplier scores) based on success metrics (e.g.,

Real-time Visibility 52

Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization Data 52

Jaggaer

OCTOBER 24, 2024

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.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

ivalua

DECEMBER 14, 2020

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. As Forrester’s VP and Principal Analyst Duncan Jones noted, while avoiding risk is impossible, preparing for it is critical.

Agile and Lean Supply Chain 130

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

SCMDOJO

JUNE 28, 2024

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?

Supply Chain Optimization 93

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

Spend Matters

OCTOBER 24, 2023

This aligns with the broader trend of responsible and ethical procurement practices. The resilience of supply chains will continue to occupy us in the future. Sustainability will continue to be a paramount concern, with organizations seeking environmentally responsible and ethically sourced products and services.

Procurement solutions 111

Procurement solutions Supply Chain Efficiency supply chain software solutions Procurement 111

TYA Suite

NOVEMBER 15, 2024

In today’s socially conscious market, consumers are increasingly aware of and concerned about the ethical standards of the companies they support. Effective mitigation strategies enhance overall supply chain resilience. Healthy relationships can create a more reliable supply chain.

Risk management 40

Risk management Risk Suppliers Strategy 40

Procurement Heads

SEPTEMBER 14, 2022

My role has seen a shift as a result of all of the emerging risks we’ve encountered, many for the first time, I’ve seen much more focus from our executive team and the regulator on supply chain resilience, so I’ve been strengthening our capability in this area too. Where do our passions lie in the day-to-day of the role?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Suppliers Supply chain Risk 130

SCMDOJO

JUNE 6, 2023

By analyzing supply chain data, businesses can detect anomalies, potential risks, and deviations from their standard operating procedures. By doing this, they can make corrections fastly which will help avoid costly disruptions and improve supply chain resilience.

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Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

World of Procurement blog

MAY 8, 2024

Enables adherence to policies and regulations through ethical, sustainable, and compliant practices. Procurement Best Practices To maximize the value of procurement, organizations should follow certain best practices around ethics, sustainability, risk management, and cost savings. Dual sourcing and supply chain digitization can help.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

TYA Suite

JULY 17, 2024

Prioritizes environmental, social, and ethical considerations in supplier selection and sourcing decisions. Collaborating closely with key suppliers fosters innovation, reduces lead times, and enhances supply chain resilience. : Organizes procurement activities around specific categories of goods or services.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

Supply Chain Action Blog

MARCH 12, 2015

I’ll leave you with this thought of my own: “Ethical corporate behavior comes from hiring ethical people. What are you doing to achieve this capability for competitive advantage? . Thanks for stopping by. Short of that, no amount of rules or focus on the avoidance of penalties will succeed.”

Supply Chain Analytics 40

Supply Chain Analytics Supply Chain Optimization supply chain software solutions Supply chain 40

World of Procurement blog

MAY 8, 2024

Sustainability SCM plays a key role in corporate sustainability initiatives by reducing carbon emissions in transportation and promoting ethical sourcing. Sustainability and Risk Management Effective supply chain management involves taking steps to ensure sustainability and mitigate risks.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Procurement Insights

OCTOBER 8, 2024

Here are the top 3 concerns likely to dominate the agenda for CPOs in 2025: Supply Chain Resilience and Risk Management Sustainability and ESG Compliance Supply Chain Visibility Conclusion: CPOs in 2025 will need to navigate a complex, fast-changing landscape shaped by technology, sustainability, and global uncertainty.

Chief Procurement Officer 52

Chief Procurement Officer Supply Chain Efficiency Procurement Supply Chain Optimization 52

Empowering CPO

JUNE 14, 2023

Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives. This includes environmental protection, fair labor practices, ethical business conduct, and more.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

JUNE 9, 2023

By measuring key aspects of the procurement process, these metrics provide insights that can drive significant improvements in cost-efficiency, operational performance, and supply chain resilience. For example, cost-saving metrics can help identify opportunities to reduce expenses and increase profitability.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Let's Talk Supply Chain

APRIL 13, 2025

These technologies enable real-time data analysis,proactive risk identification,and predictive modeling to optimize supply chain performance and responsiveness. With the advancement of technology, businesses are now turning to innovative solutions to mitigate these disruptions and improve their overall supply chain resilience.

Risk management 52

Risk management Supply Chain Optimization Supply Chain Efficiency Risk 52

Let's Talk Supply Chain

MARCH 17, 2025

Companies will need to embrace advanced technologies such as artificial intelligence, blockchain, and Internet of Things to optimize operations and enhance visibility across the supply chain. Moreover, sustainability will continue to be a top priority for businesses, with a growing focus on eco-friendly practices and ethical sourcing.

Supply Chain Efficiency 52

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

Let's Talk Supply Chain

MARCH 2, 2025

Remember, staying proactive and adaptable is key to overcoming supply chain challenges. Take action now to ensure the smooth flow of goods and services in the face‍ of disruptions. Together,we can make a difference in the world.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Real-time Visibility 52