NC State SCRC

JULY 5, 2019

Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019).

Procurement Analytics 40

Procurement Analytics Optimal Sourcing Analytics Software Procurement Solutions 40

AB&R

FEBRUARY 3, 2023

In fact, studies by Harvard Business Review and Bain & Company looked at the difference investing in innovation makes during periods of major financial challenges, such as the 2007-2009 Great Recession. One of the most significant factors in their success was their investment in technology, according to Bain & Company [2].

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Supply Chain Software Purchasing Skills 52

Enterra Insights

MAY 6, 2020

Alan Rappeport ( @arappeport ) and Jeanna Smialek ( @jeannasmialek ) report, “The International Monetary Fund issued a stark warning about the coronavirus’s economic toll, saying that the world is facing its worst downturn since the Great Depression as shuttered factories, quarantines and national lockdowns cause economic output to collapse.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Material Savings Supply Chain Planning Software Supply Chain Strategy 100

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. With the right strategies in purchasing, logistics and supply chain, you can navigate through a recession and come out as a winner.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Oracle SCM

JULY 12, 2017

The years from 2007 through 2009 were notable for their economic volatility, reflected not only in the global economic recession but also the instability of customer demand and rapid movement in raw material, fuel, and commodity prices. By Maha Muzumdar. Original version published in APICS Extra , July 2010.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

Arkieva

JANUARY 6, 2017

After a couple of quick questions about the product that she had purchased, it was obvious to me that the product itself had the right features. Dale Davidson, a famed economist who predicted the economy collapse of 1999 and 2007 warns, “Don’t imply that a 50% collapse is looming – it’s already at our doorstep.” ’ My Ph.D.

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

ShipBob

AUGUST 3, 2020

It has been forecasted that by 2040, approximately 95% of all purchases will be facilitated by ecommerce. It was the world’s largest VC firm in 2007 with over $20 million in assets during the year. Product sourcing is the process of purchasing or creating products that you can sell. Forerunner Ventures. Product sourcing.

Trends 105

Trends Purchasing Skills Manufacturing Procurement Modeling Software 105