article thumbnail

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

Spend Matters

To manage tariffs effectively, companies must align their tariff strategies with their broader business goals, including product design, pricing, supply chain resilience and sustainability objectives. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.

article thumbnail

GM confident it can mitigate tariffs

Let's Talk Supply Chain

Heading 2: Leveraging Supply Chain Resilience for tariff Adaptation General Motors (GM) has announced its confidence in its ability to navigate and mitigate the challenges posed by tariffs through strategic supply chain resilience.

professionals

Sign Up for our Newsletter

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

article thumbnail

Procurement transformation 2025: Why invest in procuretech and how to make the case – Prewave

Spend Matters

In procurement, the infinite nature of deep supply chain mapping from raw material to end product is a practically textbook use case for AI. The continued emphasis on sustainability and ESG compliance has a huge influence on the need for procuretech. Many thanks to Prewave for sharing this insight with us.

article thumbnail

10 Key Issues The Hackett Group Says Will Impact Supply Chain Transformation in 2021

ivalua

Influence Over Spend: Spend influence is among the top measurements of procurement’s performance, leading to reduced purch asing costs, improved quality and better strategic outcomes such as product innovation. In light of the social unrest and concerns we’ve seen around the world, particularly in the U.S., Next Steps.

article thumbnail

Elevate Your Supply Chain Resilience With Scenario Planning

Speaker: Robert Olszak- Vice President, Global Supply Chain Optimization, RGP

Cutting-edge technology allows for the envisioning, designing, and testing of your supply chain's resilience in the face of various hypothetical "attacks." The end result: driving up profit maximization, operational efficiency, and customer experience to achieve a heightened supply chain resilience.

article thumbnail

The Four Critical Points of Stakeholder (Agent) ESG Alignment

Procurement Insights

Reference to Triple Bottom Line post Consumer decision-making regarding ESG (Environmental, Social, and Governance) goals is influenced by several concerns, which can either encourage or hinder their commitment to purchasing products and services that align with ESG principles. Reference to Scoutbee buycott versus boycott post.

article thumbnail

2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement Insights

20202024: Procurement as a Strategic Business Partner Accelerated Evolution During the COVID-19 Pandemic : The pandemic underscored procurement’s role in ensuring supply chain resilience , managing disruptions, and navigating shortages.

article thumbnail

Building Supply Chain Resilience in the Real World

Speaker: Kelly Barner - Co-Founder & Managing Director of Buyers Meeting Point, LLC

In particular, she will focus on: Why procurement and supply chain professionals need to stay on top of the news - but not entirely be guided by it How to let current disruptions influence - but not confine - forward-looking risk mitigation strategies How to balance short-term firefighting with longer-term planning March 14, 2023, at 9:30 am PT, 12:30 (..)