article thumbnail

The Critical Path: Navigating Supply Chain Efficiency in the Oil Industry

SCMDOJO

In an era where efficiency equates to competitive advantage, the oil industry’s supply chain management plays a pivotal role in determining a company’s profitability and sustainability. What Are the Key Components of an Oil Company’s Supply Chain?

article thumbnail

Procurement Supply Chain Shocks in 2024: An Overview

Procurement Templates

The global supply chain in 2024 faces a myriad of challenges that continue to disrupt procurement processes across industries. In this post, we will explore the major procurement supply chain shocks in 2024, their causes, and the potential responses organizations are adopting to mitigate their impact.

professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

High Speed 2’s approach to building supply chain transparency

Procurement Leaders

was set up by the UK Government to design and construct the railway and is responsible for procuring and coordinating a supply chain of designers and contractors to deliver billions of pounds worth of contracts. As a public funded project, supply chain transparency is critical.

article thumbnail

Data-Driven Procurement: Transparency is Essential, Not Optional

ivalua

The business case for data-driven transparency is not hard to make. In the latest Procurement Leaders Report and Survey , we ask top-performing CPO’s how they’re prioritizing data-enabled supply chain visibility–and the changes that need to be made. This shift in thinking is not surprising.

article thumbnail

Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions.

article thumbnail

Iron Ore Prices – Historical Graph [Realtime Updates]

Procurement Tactics

Iron Ore Prices – Historical Graph Real-time chart of historical daily iron ore prices. The prices are down in U.S. The current price is and is last updated on. Which variables impact the price of iron ore? What is the future price of iron ore? And is there a way to predict the price of iron ore?

Price 194
article thumbnail

Potential Efficiency Improvements: Vehicle Efficiency in Businesses

SCMDOJO

Vehicle efficiency is a critical factor for businesses operating trucks. This blog post explores various strategies that can significantly improve vehicle efficiency in truck operations. biodiesel) These alternative fuels offer environmental benefits and can contribute to improved vehicle efficiency. increase in fuel efficiency.