Procurement Heads

SEPTEMBER 14, 2022

We spend about a billion pounds each year through our supply chain of approximately 500 suppliers. Procurement and supplier management are carried out by separate teams under my leadership. This is why supplier relationship management is a particular passion of mine.

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Arkestro

JANUARY 9, 2024

In fact, manufacturing procurement has never been more important, holding the power to influence IT, finance, and C-suite decision-making. Advances in AI, automation, and other emerging technologies are helping manufacturing procurement teams further increase their sphere of influence, allowing them to do more with less. Cost analysis.

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supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Arkestro

JANUARY 4, 2023

Reducing supplier risk. Ensuring continuity of supply. This, coupled with the typical 30-plus years’ experience procurement veteran approaching retirement, companies are seeing their tribal knowledge about suppliers and processes walk out the door and not be replaced.”. The Supply Chain Will Continue to Heal.

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Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

Procurement Insights

DECEMBER 1, 2023

What do supply chain resilience and adaptability really mean? Given the growing significance of ESG factors and geopolitical uncertainties, the relationship with suppliers is more and more important. video above) In this video preview, you can have a glance at the interview we did with Jon Hansen.

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Jaggaer

JUNE 28, 2024

The reason being quite simply that there is so much else going on in our organizations and in the world at large that’s grabbing our attention: supply chain disruptions, supplier value management, risk factors, finding the right balance between savings and lead times and, last but not least, sustainability, in particular reducing carbon footprint.

Leadership 52

Leadership Agile and Lean Supply Chain Raw materials Influencing 52

Supply Chain Trend

AUGUST 13, 2020

It also requires a clear understanding of the environment in which the organization operates, so scenario planning must go extend beyond the enterprise to encompass value-chain dynamics and end-to-end supply chain resilience. Decisions from an IBP meeting need to be made in the light of the company’s vision and strategy.

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supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

IBM Supply Chain Blog

SEPTEMBER 18, 2023

Today, we are seeing significant digital disruption in the business of trade and supply chain financing that is largely influenced by global events and geopolitics, changing regulations, compliance and control requirements, advancements in technology and innovation, and access to capital.

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Arkestro

MAY 30, 2022

From April 2021’s “ A New Paradigm For Procurement ”: “As enterprises increasingly depend on an expanding and evolving supplier ecosystem, better optimization of strategic planning and procurement is paramount. We all remember the early days of the pandemic and shortages in critical medical supplies.

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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.

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Finale Inventory

AUGUST 15, 2024

In the dynamic world of ecommerce, inventory shrinkage can also be influenced by factors such as seasonality, sudden market shifts, and supplier inconsistencies. By reducing shrinkage and ensuring accurate stock levels, businesses can enhance forecasting accuracy, shorten lead times, and strengthen supplier relationships.

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Inventory Strategy Real-time Visibility Inventory control 52

EazyStock

APRIL 18, 2023

This results in lower demand, which will affect the supply chain. As demand falls, businesses need to reduce production or orders, which could mean the same for suppliers further down the supply chain. Global supply chains. How can supply chain managers manage higher inflation and interest rates?

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Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. For one, they often focus too heavily on price at the expense of other factors, such as quality, sustainability, and supplier innovation.

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Empowering CPO

JUNE 9, 2023

Procurement metrics can cover a wide range of aspects, from cost-saving measures to supplier performance, and are crucial for making data-driven decisions. These metrics are typically data-driven, ranging from numerical values like cost savings, to more qualitative assessments like supplier reliability and product quality.

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Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

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Empowering CPO

JUNE 27, 2023

By analyzing and understanding how an organization spends its resources, businesses can identify cost-saving opportunities, enhance supplier relationships, and drive overall efficiency. Supplier Collaboration: Fostering closer collaboration and communication with suppliers through digital platforms and portals.

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Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Spend Matters

JANUARY 7, 2025

On an environmental level, progress toward targets needs to be measurable: not just at the customers company, but across their entire supply chain. On the growth side, selecting sustainable suppliers helps companies improve retention among their customer base. Many thanks to Prewave for sharing this insight with us.

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supply chain software solutions Supply Chain Efficiency Procurement Raw materials 110

Planergy

MARCH 12, 2025

How AP can improve relationships with your key suppliers. Download Free Copy Reshoring vs Nearshoring: Key Differences and Business Benefits Category Inventory Written by Lyle Del Vecchio 16 min read Tags Procurement Supply Chain Management Last edited March 12, 2025 Download PDF IN THIS ARTICLE What is Reshoring?

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Una

OCTOBER 12, 2023

Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement Explore the nuances between offshoring and other approaches to procurement and how each one can impact the bottom line, supply chain resilience and overall strategic objectives. Offshoring Offshoring is the opposite of onshoring.

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Let's Talk Supply Chain

FEBRUARY 12, 2025

This surge, influenced by various factors including supply chain disruptions and increasing global demand, has significantly impacted the operations and profitability of these renowned chocolate producers. Scenario Planning: develop contingency plans to prepare for price fluctuations and ensure a quick response to changes.

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SCMDOJO

DECEMBER 16, 2024

8 Materials Management Competencies Capacity Planning Capacity Planning determines the production capacity required by a supplier or a plant to meet forecasted customer demand. You should also know how to effectively leverage supplier and market data to develop comprehensive capacity plans catering to manufacturing processes.

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