Remove Global sourcing Remove Sourcing Remove Supply chain resilience
article thumbnail

How Supplier Risk Management needs to evolve in 2021

Zycus Cognitive Procurement

The challenge will be to make the supply chain resilient, better manage supplier risks without lowering profitability, and competitive advantage. When your supplier relations and supply chain grow globally, the complexity and the variables companies would need to monitor increase multifold. Source: [link] ).

article thumbnail

The Key Benefits of Outsourcing to Managed Procurement Services

Empowering CPO

Procurement is no longer just about sourcing goods and services; it’s about creating strategic alliances, driving innovation, and adding value to the organization. This is where the concept of managed procurement services comes into play. The role of procurement services in businesses is multifaceted.