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The Strategic Importance of Global Procurement

Logistics Bureau

Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.

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Inefficient Procurement processes are costing UK businesses almost £2m per year, reveals research

ivalua

At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. The research, conducted by Vanson Bourne on behalf of Ivalua, found that 71% of respondents believed the rate of digitisation in Procurement is low.

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Illuminating Supply Chain Risks in Isolation Gowns for Healthcare

Exiger Perspectives

Table of Contents Executive Summary Exiger Government Solutions (“Exiger”) was tasked by a U.S. government client with assessing the isolation gown industry and its associated risks, particularly relating to isolation gown manufacturers’ and distributors’ compliance with The Make Personal Protective Equipment (PPE) in America Act.

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Putting Procurement Front and Center of Your Supply Chain

Oracle SCM

Procurement professionals are now playing an increasingly strategic role within their organizations. Procurement of raw materials and components that go into the manufacturing process is essential to ensure final product quality and strong financial performance. The new procurement professional needs a broad set of skills.

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BD Achieves End-to-End Supply Chain Visibility

Logistics Viewpoints

Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. Mr. Nelson points out that it is possible for a sourcing problem deep in a supply chain to halt production for BD. BD, was using a supply chain risk management solution. They call this their “n-tier” supply chain.

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5 Models of AI for Supply Chain Risk Management—And Why They Matter

Resilinc

Currently, Resilinc uses several predictive AI models in tracking purchase orders (POs) and commodities, autonomous mapping, risk-scoring models, and simulators. Regression Models: Predict Purchase Order Delays What are regression models? Watch the video below to learn more about our Purchase Order Delivery Delay Prediction Engine.

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Navigating COVID-19: Mid-term Procurement Strategies for a Managing the Crisis

Jaggaer

Procurement teams can lead the way in building a robust system into the future. According to the Financial Times , over 3,300 suppliers in China received force majeure certificates in February alone. According to the Financial Times , over 3,300 suppliers in China received force majeure certificates in February alone.