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Procurement Strategy’s Role in Guarding Against Supply Chain Disruptions

SCMDOJO

Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. Optimize costs without compromising supply chain continuity. Conduct a Supply Market Analysis: Use PESTEL and SWOT frameworks.

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Category Management in Procurement: A Comprehensive Overview & Best Practices

SCMDOJO

Category Management as a Strategic Procurement Function Category management is regarded as a strategic procurement function as it helps drive value for the organization, such as reduced prices and costs, supply chain risks and timescales and focusing on building supplier relationships.

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AI in procurement – The machine/human paradox

Spend Matters

So where and how is this great leveller of procurement effectiveness being used in the real world (the practical) and how is it viewed by the CPOs and heads of procurement and supply chain who are on the front line fighting the daily efficiency battle. The actual cost of doing nothing may be quite substantial.

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Let’s Get Digital: Introducing your Source-to-Pay Guide

ivalua

By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered. As an industry analyst, he researched and advised organizations in various industries​ on best ​and innovative practices, digitization and optimization.

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Strategic Sourcing Success – Techniques Deployed by Leaders in S2P

Jaggaer

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Assessment of the supply market (who offers what?) However, whats really missing hereneeds analysis.

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Category management is much more than strategic sourcing

Future Purchasing

Category management is the strategic end-to-end process for managing categories of related supplier spend that aligns business goals and requirements with supply market capability. It creates cost efficiencies across spend categories and minimises supply risks through improved supplier selection. Improvement opportunities.

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What Does “Good” Look Like: Strategic Sourcing

ivalua

That is hardly optimal given the diversity of products, services and supply partnerships in place at most companies. Procurement must be able to apply the general principals of Strategic Sourcing in a way specific enough to maximize the value of each spend category.