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Supplier Diversity: From Checking-the-Box to a C-Suite Strategy

ivalua

For the Government, supplier diversity programs are something procurement professionals in the United States (US) have accepted as a key element to their procurement success. Since their inception more than 50 years ago, supplier diversity programs have spread beyond public procurements. Supplier Diversity on the World Stage.

Suppliers 246
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Procurement Strategy Case Studies — 5 Insightful Examples

Procurement Tactics

Procurement Strategy Case Studies — 5 Insightful Examples. Setting the appropriate strategy in procurement is the first step to improving control and effectiveness of the overall procurement and sourcing activities. However, not everyone knows where to start in their strategy. . Ultimate Supplier Plotting Checklist 2023.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

Price 264
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7 Purchasing Negotiation Strategies Every Buyer Should Use

ProcurePort

• In procurement, the balance of power can shift towards the suppliers for many reasons. First, suppliers can eliminate competition by applying a loss-leadership strategy that drives other companies out of business. • The post 7 Purchasing Negotiation Strategies Every Buyer Should Use appeared first on ProcurePort Blog.

Buyers 246
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Brace for Impact. Unpredictable Tariff Disruptions Are Here––Your Playbook

The advisory explores how leading companies are: Accelerating supply chain flexibility with “China-Plus-One” and regional diversification strategies Shifting risk through outsourced supply chain financing and operations Embedding tariff contingencies into supplier contracts and cost models Read the report for strategies to protect your supply chain (..)

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A procurement professional’s guide to risk events and mitigation strategies — FMCG

Spend Matters

Also, limited headway in resolving risk is possible, even without deep supplier connection that is built on several years of engagement. Recent electoral results that may impact the supply chain from China Risk identification: Associations, suppliers, press releases. Risk planning and mitigation by in-depth project planning.

Risk 111
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Sustainability in Procurement: Strategies and Challenges

ivalua

Among these practices are supplier identification through sourcing, relationship management, and reporting. Strategies to Improve Sustainability in Procurement. 55% of our respondents cited collaboration with all stakeholders to set improvement goals as top strategy to improve sustainability.

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The Cost-Plus World of Supply Chains: The Macroeconomic and Geopolitical Environment

From new pricing strategies and material substitutability to alternative suppliers and stockpiling, a new GEP-commissioned Economist Impact report reveals that enterprises are adopting a variety of approaches underpinned by data and technology.

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Return to Success: Streamlining Returns in the Supply Chain for Enhanced Efficiency

Speaker: Cathy Morrow Roberson, Research Manager for the Reverse Logistics Association

Efficient return management stands as a crucial strategy for optimizing the supply chain. While establishing efficient communication channels with suppliers and empowering customers with comprehensive return information can be challenging, it is attainable with the right approach and tools.

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Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains

Speaker: Ethan Woolley, Director at Kharon

You will learn: Best practices for identifying and mitigating forced labor risks before they become compliance issues 🔍 How analytics and human subject matter experts can help companies anticipate enforcement actions, identify high-risk suppliers, and adjust sourcing strategies before issues arise 📊 How companies have successfully navigated (..)