Remove Export Remove Risk management Remove Supply Chain Optimization
article thumbnail

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

Procurement Templates

Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. Stay Updated on Regulations: Regularly review trade agreements, import/export rules, and labor laws. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., Coursera, Udemy).

article thumbnail

Tariffs and Procurement (Part 2): Tariff management and building an action plan

Spend Matters

Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.

professionals

Sign Up for our Newsletter

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

article thumbnail

Getting to grips with tariffs, trade and compliance with Thomson Reuters

Spend Matters

While the imposition of import/export tariffs on goods is nothing new, the recent spate of quid pro quo mandates is increasing complexity and uncertainty for organizations trying to navigate their impact on supply chains. This consolidation aimed to make supply chains more resilient.

article thumbnail

Supply Chain Department – A Typical Structure

SCMDOJO

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

article thumbnail

How Europe is Coping with Supply Chain Disruption

Jaggaer

This is perhaps an extreme example, but it highlights how COVID-19 is causing severe disruptions to supply chains. The broader issue is that border controls and travel bans limit the ability of supply managers to identify and qualify new suppliers. Coronavirus will lead to permanent changes in global supply chains.”.

article thumbnail

Trade Wars Put U.S. Small Business on the Front Line

Supply Chain Brain

In these wars, it's not only large multinational corporations but smaller businesses with supply chains extending into China and other countries that could incur increased tariffs, losses due to pre-contracted prices and investments overseas. These investments are now at risk. A Newly Vulnerable Supply Chain.

Export 40
article thumbnail

Overcoming Procurement Challenges with Procurement Outsourcing Services

Empowering CPO

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.