This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Risk Mitigation: Identify and manage procurement risks by ensuring supplier reliability, diversifying sources, and monitoring market trends. Savings can be cashable or non cashable i.e. cost avoidance.
In this age of supplychain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.
In recent years, the auto-id technology such as bar code and RFID together with the electronic data transmission are considered the holy grail of supplychain visibility. Even though sophisticated visibility software is implemented, there are the ways that allow us to see the situations with better clarity. The answer is NO.
When I began my career there was no such thing as “SupplyChain Management” SupplyChain was not a title to be found anywhere on any organization chart. So what exactly is the definition of “SupplyChain Management”? Interestingly there are many views on how to define SupplyChain.
Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform GlobalSourcing”. For those of you who are executives in SupplyChain, Procurement or New Product Introduction/Development, this is a must read. Globalization. Integration.
Does your business source products and services from global markets? If your company is sourcing goods and services internationally you could be reaping many benefits. However, you could also face many challenges when globallysourcing across geopolitical boundaries. Do you have visibility of a globalsupplychain?
In recent years, the auto-id technology such as bar code and RFID together with the electronic data transmission are considered the holy grail of supplychain visibility. Even though sophisticated visibility software is implemented, there are the ways that allow us to see the situations with better clarity. The answer is NO.
Today, as many as half of all companies—and 70% of top-performing companies— use software developed internally to differentiate themselves in crowded markets. As more businesses become software businesses, a long-term development strategy that prioritizes continuous feedback and core organizational value is key to success.
If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Key Data: Founder / CEO: Dr. Elena Mechik Date Founded: 2019 Visit Inhubber profile in our Software Finder 2. Anyone at Series A onwards, we would typically label as a Scaleup.
When cost savings is the main driver of a sourcing initiative, many consider looking at what is available abroad, in countries where both labor rates and material costs are known to be more competitive than in the US. Source: Offshore Outsourcing: Industry Trends in 2023 ) Nearshoring vs Offshoring: Which is Right for You?
Subscribe to SupplyChain Game Changer. On top of that we have all other forms of economic growth, the expansion of outsourcing and globalsourcing, all of which drive ever increasing demand on the over the road transportation of goods. Subscribe Here! Email Address.
It covers digital transformations and technological advancements, from digital sourcing platforms to new tools and systems, providing insights into new technology-driven approaches to category management. Tom Walsh, Associate Director, GlobalSource-to-Pay Excellence Lead, Astellas Pharma US, Inc.
To my mind, your challenges depend on where you are in transformational change within your organisation, the scope of your function within Procurement and the nature of the organisation’s supplychain. For example, is your focus on strategic long-term supply relationships to support your manufactured product? Resourcing.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content