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3 Ways Procurement Can Help Grow Revenues (Part 1)

ivalua

Procurement’s role and status has been on an upward trajectory for many years, accelerating during the COVID-19 crisis. CEOs increasingly understand that how they spend and manage their suppliers can support a broad range of objectives. There are 3 areas I feel leaders should closely consider. Creating New Revenue Opportunities.

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3 Ways Procurement Can Help Grow Revenues (Part 2)

ivalua

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Technically, this 3 rd strategy does not itself drive revenue growth.

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Market Beat. Four Thumbs Down and One Thumb Up.

Supply Chain Shaman

I forecast that this interest will grow and the market is going to become more confusing. Note the lack of training on next-generation supply chain thinking in Figure 1. As an industry, we struggle to embrace new ways of thinking. Millennials are growing in numbers in the supply chain. They are just too risky.

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A Few Thoughts about Supply Chain Management

Enterra Insights

Ask a person on the street what constitutes supply chain management and my guess is they would say SCM means ensuring the entire supply chain, from procurement of raw materials to product delivery, runs smoothly. ”[1] How important is supply chain management? ”[3]. The importance of supply chain management.

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Supply Chain Optimization Techniques to Achieve Your ECommerce Goals!

Supply Chain Game Changer

As a business owner, optimizing your supply chain for efficiency will reduce these issues and help you build strong customer and vendor relationships. Here are 3 ways to achieve Supply Chain optimization. Your operations are an integral part of the supply chain. The best way to begin is to review your operations for gaps.

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sust[AI]nability

Enterra Insights

Companies are beginning to understand the negative impacts climate change can wreak on their business. They are also beginning to understand how their reputation can be negatively affected if they fail to do their part to reduce greenhouse gas emissions causing climate change. ”[4]. What are companies doing?

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Digital Transformation of the Supply Chain

Enterra Insights

Multinational enterprises deal with a dizzying array of paperwork involving procurement deals, purchase orders, shipping data, etc. ”[1] To emphasize the difference, he cites a comment he received from Tricia Wang ( @triciawang ), a self-described Tech Ethnographer & Sociologist. The modern supply chain is mind-boggling.