SCMDOJO

JANUARY 9, 2025

This article delves into how these two elements, working together, can transform procurement strategies into long-term competitive advantages. It involves a methodical approach aimed at developing long-term supplier relationships, mitigating risks, and improving overall cost efficiency.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

ivalua

MARCH 16, 2021

They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supply chain management activities that can help Procurement teams build and maintain supply chain resilience now and in the years to come. Create speed and transparency.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

ivalua

JULY 8, 2020

To get started and keep the process more manageable, many companies focus on a smaller subset of key suppliers. Source-to-Pay technology can help procurement teams establish and organize campaigns to collect & update supplier information and receive real-time supplier risk management updates on important risk factors (e.g.

Agile and Lean Supply Chain 26

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 26

SCMDOJO

FEBRUARY 16, 2025

From rule-based systems to predictive analytics and the generative AI boom, businesses have leveraged these technologies to optimize operations, forecast trends, and create data-driven strategies. They can proactively identify risks, optimize processes in real time, and even negotiate supplier contracts without human oversight.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 72

Supply Chain Game Changer

NOVEMBER 2, 2022

Subscribe to Supply Chain Game Changer. Supply Chain Risk Management is a Cirque Du Soleil Calibre Act! In today’s world, supply chains are more important than ever. In fact, 89% of businesses encountered a supplier risk event in the last five years. Subscribe Here! Email Address.

Risk management 96

Risk management supply chain software solutions Risk Management 96

Supply Chain Game Changer

JULY 27, 2021

Subscribe to Supply Chain Game Changer. The Parallel Supply Chain … A Twilight Zone Strategy? Since the Coronavirus pandemic exposed the fragility of the global Supply Chain , everywhere you look you see the word “resilience” being used as the latest buzz word. Subscribe Here!

Agile and Lean Supply Chain 119

Agile and Lean Supply Chain Supply chain Strategy Real-time Visibility 119

Procurement Insights

JANUARY 3, 2025

Key metrics were tied to cost reduction and spend under management. Minimal Strategic Involvement : Procurement was often siloed, with limited involvement in broader corporate strategies. Procurement is no longer judged solely on cost savings but also on metrics like risk mitigation, supplier diversity, and innovation impact.

Agile and Lean Supply Chain 52

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

SCMDOJO

FEBRUARY 15, 2025

One of the most effective strategies for building resilience is integrating project management into supply chain operations. Structured methodologies, risk assessment tools, and agile frameworks allow companies to improve coordination, enhance decision-making, and ensure they remain adaptable to disruptions.

Project management 91

Project management Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 91

SCMDOJO

MAY 2, 2024

Organizations face an array of challenges, including material and labor shortages, inflation, fluctuating consumer demand, disruptions in the supply chain, and volatile global trade relationships. In response to these challenges, the leaders must rethink their supply chain strategies, focusing on building resilience.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 98

SCMDOJO

MAY 2, 2024

In response to these challenges, the leaders must rethink their supply chain strategies, focusing on building resilience. Enroll in the Full Course offered by our expert Vera Rozanova on Supply Chain Resilience!

Agile and Lean Supply Chain 93

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 93

Procurement Insights

APRIL 4, 2025

Below is a ranking from highest to lowest focus on procurement and supply chain practices, as of April 4, 2025, based on their stated missions, agendas, and historical emphasis. Its emphasis on actionable strategies (e.g., contract negotiation, risk mitigation) gives it the strongest alignment with core procurement practices.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Procurement 52

Arkestro

DECEMBER 26, 2024

While these advancements have led to improved efficiency, cost savings, and enhanced strategies, theyve also made procurement processes more complex than ever before. In 2025, businesses will focus on building strong partnerships with suppliers to enhance reliability, drive innovation, and manage risks more effectively.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Empowering CPO

MAY 8, 2023

Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Finally, we will provide practical tips for incorporating risk management best practices into your organization’s procurement process.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Jaggaer

FEBRUARY 28, 2025

However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models. Lets dive into these critical issues and explore actionable strategies that help CPOs navigate the path forward.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Supply Chain Optimization Real-time Visibility 52

ivalua

SEPTEMBER 14, 2022

With 30% of respondents indicating their organizations are suffering from an inability to assess risk across suppliers, many are investing in new strategies to minimize the frequency and impact of disruption.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply chain Supply chain resilience Spend management 130

ivalua

FEBRUARY 25, 2021

Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care?

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

SCMDOJO

MAY 7, 2024

Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. However, they are also susceptible to disruptions and risks. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world.

Supply Chain Visibility 98

Supply Chain Visibility Real-time Visibility e2e Supply Chain Optimization 98

Jaggaer

APRIL 9, 2025

It also aligns with dealership and aftermarket service strategies. Key Challenges in Manufacturing Supply Chains and Solutions The world is currently going through an era of unprecedented challenges in supply chain management. AI-powered risk management platforms can predict disruptions (e.g.,

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 52

Jaggaer

FEBRUARY 13, 2025

By combining H&Zs sustainability expertise with JAGGAERs advanced procurement technology for Scope 3 emissions tracking and data collection, organizations can better integrate sustainability into their procurement strategies. These include risk management and resilience in a volatile world.

Leadership 52

Leadership Procurement Supply Chain Efficiency Sustainability 52

Zycus Cognitive Procurement

DECEMBER 9, 2020

The pandemic has taught us supply chain professionals a precious lesson in supply chain risk management. The pandemic has put to the test, flexibility, adaptability, and resilience of supply chains. It exposed weak links in production strategies and supply chains of organizations.

Risk management 52

Risk management Risk Suppliers Management 52

Procurement Tactics

JANUARY 13, 2023

Procurement success in 2023 with our Strategy Course. The conference is said to deliver frameworks, strategies, and insights for chief supply chain officers and supply chain leaders to make a bold move and drive real impact in their organizations. . Lessen the risks and quickly respond to disruptions.

Procurement 159

Procurement Chief Procurement Officer Agile and Lean Supply Chain Supply chain 159

Zycus Cognitive Procurement

JANUARY 24, 2023

Zycus recently conducted a virtual event for CPOs, Procurement Leadership Agenda and Narratives (PLAN 2023), where we invited industry experts and procurement thought leaders across the Europe to discuss the upcoming technology trends and procurement strategies for 2023.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Planergy

MARCH 18, 2025

How better management in AP can give you better flexibility for cash flow management. Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules.

supply chain budgeting 52

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

SCMDOJO

JUNE 6, 2023

What’s more, data analytics can help businesses implement ‘just-in-time’ (JIT) inventory management. What is JIT inventory management? This strategy reduces carrying costs, minimizes the risk of stockouts, and can improve cash flow— all thanks to data analytics. Download from the below link.

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

SCMDOJO

JUNE 28, 2024

Key competencies: Direct & indirect materials Function Strategy & transformation Digitalization ESG Risk management Supplier Relationship management She is an invited lecturer and Award-Winning Speaker, nominated for ‘Best Procurement CPOs – Russia’ list.

Supply Chain Optimization 93

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 93

ivalua

APRIL 27, 2023

Tackling Today’s Procurement Challenges According to Roach, Procurement is experiencing a “triple squeeze” in today’s business environment as inflation, labor force shortages, and supply chain disruption continue to impact the value Procurement delivers to organizations. To do so, we need to get creative and curious.”

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Sustainability 130

ivalua

APRIL 27, 2023

Tackling Today’s Procurement Challenges According to Roach, Procurement is experiencing a “triple squeeze” in today’s business environment as inflation, labor force shortages, and supply chain disruption continue to impact the value Procurement delivers to organizations. To do so, we need to get creative and curious.”

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

Procurement Templates

SEPTEMBER 14, 2023

One of the key strategies in sustainable sourcing is to promote local suppliers, reducing transportation-related emissions. Conclusion Procurement and sustainability are no longer separate entities but rather intertwined components of a modern, responsible business strategy.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

Zycus Cognitive Procurement

DECEMBER 15, 2022

Here are the 7 supply chain management trends for 2023 – Building agile supply chain ecosystems. Managing supply chain risk. Improving supply chain analytics. Enhancing supply chain resilience. Improving supply chain sustainability.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

Let's Talk Supply Chain

FEBRUARY 18, 2025

Hosted by Sarah Barnes Humphrey, the founder of Let’s Talk Supply Chain,‍ the video delves into a range of topics, from the remarkable survival story of Dave Sanderson during the miracle on the Hudson to Ikea’s strategies in handling supply chain disruptions.

Agile and Lean Supply Chain 52

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

Procurement Heads

SEPTEMBER 14, 2022

Procurement and supplier management are carried out by separate teams under my leadership. I also have accountability for the supply chain third-party management risk and environmental, social and governance (ESG) strategy. Where do our passions lie in the day-to-day of the role?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Suppliers Supply chain Risk 130

Procurement Insights

DECEMBER 1, 2023

What do supply chain resilience and adaptability really mean? How do you assess the impact of these changes on procurement strategies and supply chain dynamics , especially concerning alliances, trade, and potential risks?

Procurement 60

Procurement Supply chain resilience Supply chain Sustainability 60

Una

JUNE 5, 2024

Key elements include diversified sourcing, real-time visibility, strategic inventory management, and the ability to quickly respond to disruptions. Companies that had invested in semiconductor supply chain resilience were able to maintain production and avoid costly delays. Why Do We Need Supply Chain Visibility?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 52

Value Match

FEBRUARY 23, 2023

The Environmental Agency has set out it’s own risk management strategy to support the nation for flooding and coastal changes. Below are some examples: Conduct a supply chain risk assessment : Procurement teams can start by assessing the risks associated with sea level rise, including the impact on operations and infrastructure.

Procurement team 52

Procurement team supply chain software solutions Supply chain resilience Bidding 52

Arkestro

MAY 30, 2022

Ultimately, many of the findings explain the importance of predictive procurement , a strategy that will be critical to the future of health and pharma. . We all remember the early days of the pandemic and shortages in critical medical supplies. By adopting this strategy, procurement teams build supply chain resilience and agility.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement supply chain software solutions Real-time Visibility 52

HICX

MAY 12, 2023

Sam explains that they identified five areas in Procurement where improvements could be made: Risk and master data processes  Increasing insights and value from the data in the supply chain  Reducing reactive risk management and moving to proactive risk management.  We do not need an end-to-end solution.

e2e 52

e2e Real-time Visibility Supply chain resilience Supply chain 52

Supply Chain Game Changer

APRIL 15, 2020

Following a digital roadmap, and building requirements based upon existing processes and strategies doesn’t always reflect what the market has to offer. It’s important to have a holistic approach and strategy, but if you don’t know when to narrow your focus, you may get caught up in the magnitude of a digital shift. Trust the Startups.

Procurement 90

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 90