Product development Sourcing Supply chain resilience 
SCMDOJO
JANUARY 9, 2025
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.
Jaggaer
OCTOBER 24, 2024
This resilience can be defined as “ the ability of a central procurement and supply management function to prepare for unexpected events, respond to disruptions, recover, and emerge even stronger. ” Manufacturers cannot foresee every risk, inconvenience, or disaster, but they can equip themselves to handle the unexpected and come out on top.
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Jaggaer
OCTOBER 24, 2024
Moreover, by involving suppliers in the initial stages of product development, companies can identify potential issues before they become costly problems. Supply chain resiliency & risk mitigation Resiliency has become a key concern for businesses in a dynamic market environment.
Zycus Cognitive Procurement
JANUARY 20, 2023
ESG Adoption and Integration: As the business dynamics continue to change, so do the sourcing and procurement mandates. Supply Chain Resilience: The unprecedented disruption caused by the pandemic has highlighted the importance of supply chain resilience.
Arkestro
OCTOBER 3, 2024
Other government actions could mean higher duties for critical minerals and EV (electric vehicle) battery components, leading to increased production costs. Another example is the requirement supporting localized sourcing content from the USMCA (United States-Mexico-Canada Trade Agreement).
Zycus Cognitive Procurement
JANUARY 20, 2023
ESG Adoption and Integration: As the business dynamics continue to change, so do the sourcing and procurement mandates. Supply Chain Resilience: The unprecedented disruption caused by the pandemic has highlighted the importance of supply chain resilience.
Empowering CPO
JUNE 14, 2023
At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.
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