Supply Chain Game Changer

MARCH 18, 2021

Subscribe to Supply Chain Game Changer. Procurement teams article and permission to publish here provided by Sam Jenks. Procurement is a function that has long been at cross-roads; dare to transform within people, process & technology, or keep doing what has always worked just fine. Subscribe Here!

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Procurement team Procurement supply chain budgeting Agile and Lean Supply Chain 61

Procurement Insights

JANUARY 3, 2025

Integration with Sustainability Goals : CFOs began to value procurement’s contributions to corporate social responsibility (CSR) , particularly in sourcing ethically and supporting sustainability initiatives. CFOs began to see procurement as critical to business continuity and organizational agility.

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Planergy

MARCH 18, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. directly impact procurement budgets.

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supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 52

Arkestro

JANUARY 4, 2023

Eager to reduce administrative busywork, procurement teams are treating the permacrisis as an opportunity to make long-sought changes along a digital journey. Procurement has had massive challenges and targets over the past year: Managing inflation. As Winston Churchill once said, “Never let a good crisis go to waste.”

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

ivalua

DECEMBER 14, 2020

What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. Resilience and that ability to react quickly to change makes Procurement a much more strategic part of the organization, than if they focus only on reducing costs,” he said.

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Arkestro

OCTOBER 3, 2024

From an increasing regulatory landscape to new automotive innovations, it’s never been more important for procurement professionals to find new ways to reduce costs, eliminate inefficiencies, and stay updated on the latest industry trends. No spam, just relevant procurement news and tips. Subscribe to news from Arkestro.

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Procurement Procurement team Supply Chain Efficiency supply chain budgeting 52

Spend Matters

DECEMBER 28, 2023

Geopolitics becomes a procurement issue Supply chain resilience will assume new meaning, with geopolitical tension presenting a complex puzzle for any global business. Chief Procurement Officers will come under mounting pressure to accelerate supply chain reconfiguration efforts started during the pandemic.

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Procurement solutions Procurement Chief Procurement Officer Procurement team 56

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.

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Supply Chain Game Changer

APRIL 15, 2020

Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. One of the best ways to support supply chain resilience is to ensure that you’re preemptive.

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World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Arkestro

DECEMBER 12, 2022

During the pandemic, healthcare needed to treat people with COVID-19, and the pharmaceutical industry had to increase the production and distribution of medical supplies and vaccines. What Are the Biggest Procurement Challenges in Health and Pharma? Predictive Procurement Supports Supply Chain Resilience and Visibility.

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Arkestro

NOVEMBER 7, 2023

Rather than see the short turnaround and constrained supply as a challenge, Johnson & Johnson’s procurement team and suppliers partnered together to bring incredible innovation, delivering the vaccine to the broader public in record time.

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Procurement Supply Chain Efficiency Innovation Procurement team 52

Jaggaer

JUNE 28, 2024

We need to bring cost, resilience and sustainability into harmony and in doing so we need to look again at strategic leadership in the function. From resilience to agility As Iain was quick to point out, there is no shortage of people offering advice on supply chain resilience. This is the first of two articles.

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Planergy

JANUARY 26, 2023

What to Do About It Consult with your legal team if there’s any doubt about an action the company or a representative may take. The procurement team must always evaluate environmental risks created by contractors and suppliers. To avoid shortages, conduct supply chain risk assessments regularly.

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Risk supply chain software solutions supply chain budgeting Supply Chain Efficiency 52

Empowering CPO

JUNE 9, 2023

The Importance of Procurement in Business Procurement is the lifeblood of any business. It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. This can range from raw materials for production, to office supplies, to strategic partnerships.

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Procurement Software

APRIL 2, 2024

That’s fine if you’re leading a small-ish procurement team. Enterprise-level spend analytics software can easily be purchased within this price bracket. Mid-Range P2P and S2P Software This level of pricing is typically where you’ll find most offerings in the Procure-to-Pay and Source-to-Pay space.

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supply chain budgeting supply chain software solutions Procurement Budget 52

Empowering CPO

JUNE 27, 2023

Spend analysis involves the systematic examination of purchasing data to gain insights into spending patterns, supplier performance, and potential areas of improvement. Digital tools enable real-time insights and scenario modeling, enabling procurement teams to make data-driven decisions swiftly.

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Empowering CPO

JUNE 14, 2023

These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing. The focus here is primarily on cost reduction, with procurement seen as a cost center rather than a value-add function.

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Innovation Procurement Supply Chain Efficiency Sustainability 52

Arkestro

JULY 18, 2022

One of the most critical lessons learned during the global pandemic and its aftermath has been the importance of supply chain resilience. The good news is that these two goals are not mutually exclusive—in fact, sustainability can be a big part of building a more resilient supply chain. .

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Supply chain resilience Sustainability Supply chain Supply 52

NLPA (Next Level Purchasing Association)

NOVEMBER 26, 2024

Whether it’s adapting to global uncertainties, embracing digital tools, or stepping up security efforts, the lessons learned in 2024 will help businesses stay resilient and ready for the future. Here’s what shaped this year and what we can expect as we move forward.

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