Let's Talk Supply Chain

FEBRUARY 27, 2025

Key implications of double-digit inflation on service supply chain operations include: Increased cost pressures throughout the supply chain. shifts in pricing strategies to maintain profitability. Diversification: Diversify your supplier base to spread risk and take advantage of different pricing structures.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Demand 52

Procurement Insights

JANUARY 3, 2025

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. It was often considered a support function rather than a driver of strategic value.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

TYA Suite

NOVEMBER 15, 2024

. : Based on the risk assessment and supplier evaluations, businesses develop specific strategies to mitigate identified risks. Companies may also establish backup suppliers for critical components to ensure continuity in case of disruptions. Continuous monitoring is crucial for effective supplier risk management.

Risk management 40

Risk management Risk Suppliers Strategy 40

Procurement Insights

MAY 25, 2024

Using Mintec data in supplier negotiations, they can control price inflation and reduce proposed price increases across branded and private-label goods. “We save a small proportion in a single negotiation using Mintec, but these savings can be significant when you spread it out across the year.”

Sustainability 40

Sustainability Supply chain resilience Supply Chain Efficiency Data 40

World of Procurement blog

MAY 8, 2024

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. A shortlist of suppliers is created for further evaluation.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

TYA Suite

JULY 17, 2024

This strategy outlines the methods and processes for selecting suppliers, negotiating contracts, , and ensuring that procurement activities align with the organization’s overall goals and objectives. Relies on manual processes for sourcing, negotiation, and Focuses on cost reduction through competitive bidding and bulk purchasing.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

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.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52