Remove Inventory Remove Strategic sourcing Remove Supply chain resilience
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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Create speed and transparency.

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Pandemic Prepared! 8 Steps to Building Supply Chain Resilience

ivalua

From this discussion, we compiled a list of 8 critical supply chain management activities that to improve, build, and maintain supply chain resilience now and in the years to come. Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay.

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8 Steps to Building Supply Chain Resilience for Manufacturers in a Post-Covid World

ivalua

They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supply chain management activities that can help Procurement teams build and maintain supply chain resilience now and in the years to come. Balance supply chain risk and resilience with ROI.

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5 Procurement Industry Trends to Watch in 2025

Arkestro

By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers. Strategic sourcing prioritizes developing long-term, value-driven relationships with suppliers rather than just chasing the lowest price.

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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

A best-in-class solution may also offer inventory management features to enable you to auto-replenish orders, as well as workflows with client-defined business rules to enforce payment channel buying strategies. Sustainable master data management and governance: As much as 55% of projects fail due to data management issues.

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Navigating the Top 3 Procurement Challenges in 2025

Jaggaer

However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models. Solutions: Strategic Sourcing: Move beyond transactional purchasing and embrace strategic sourcing.

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3 ways collaboration can make supply chains more durable

Strategic Sourceror

Shoring up staff is a good way to increase supply chain resiliency, which companies are trying to do more of today to ensure theirs has what it takes to stay together when it's taxed in the future. Technology, like enterprise resource planning solutions, provides superior visibility into supply chains and workflows.