SCMDOJO

JANUARY 9, 2025

According to a McKinsey report, firms that develop strong supplier partnerships are 35% less likely to experience significant supply disruptions. Improving Cost and Quality Every decision in strategic sourcing impacts the total cost of ownership, the quality of goods or services, and supply chain resilience.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

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.

Collaboration 52

Collaboration Innovation Suppliers supply chain budgeting 52

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.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Tactics

JUNE 7, 2023

Shared value creation Supplier collaboration fosters shared value creation through enhanced innovation, improved operational efficiency, and supply chain resilience.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Zycus Cognitive Procurement

JANUARY 20, 2023

Supply Chain Resilience: The unprecedented disruption caused by the pandemic has highlighted the importance of supply chain resilience. Organizations must build tough and robust supply chains to cope with these kinds of shocks and stay competitive in the long run.

supply chain software solutions 52

supply chain software solutions Procurement Supply chain resilience Supply Chain Efficiency 52

Zycus Cognitive Procurement

JANUARY 20, 2023

Supply Chain Resilience: The unprecedented disruption caused by the pandemic has highlighted the importance of supply chain resilience. Organizations must build tough and robust supply chains to cope with these kinds of shocks and stay competitive in the long run.

supply chain software solutions 40

supply chain software solutions Procurement Supply chain resilience Supply Chain Efficiency 40

Arkestro

OCTOBER 3, 2024

For these transactions, automakers and medium-to-large auto suppliers consider production supplier scorecards, supply chain resilience, geopolitical risks, ESG (environmental, social, and governance), and much more to make purchasing decisions. PPO can transform automotive procurement in a variety of areas.

Procurement 52

Procurement Procurement team Supply Chain Efficiency supply chain budgeting 52