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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. A Blueprint for Demonstrating the value of Strategic Procurement.

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Scaling a FreightTech Business with Mark McEntire

The Logistics of Logistics

In June 2009, he became certified as an APICS CSCP. Automated Freight Procurement & Sourcing: Efficiently match loads with carriers for the best available rates. In 2017, Mark was awarded the Supply Chain and Demand Chain Executive “Pro To Know”. Mark earned a B.S. in Transportation and Logistics from Arkansas State University.

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Ocean Freight Procurement and Going with the Stream

Freightos

Not that long ago, they were the only way people listened to music, peaking at 23 million units sold in Q1 2009. The annual fixed-price contract is the current go-to for ocean freight procurement. Just like streaming replaced that iPod as a better way of listening to music, ocean freight procurement now has a better way.

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The Secret Sauce with Mark McEntire

The Logistics of Logistics

Mark McEntire is the Senior Vice President of Operations at Emerge , a freight technology firm that is reinventing freight procurement. Transforming the $800 billion trucking industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform. Mark earned a B.S. About Emerge.

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What is Economic Order Quantity & its Advantages

SCMDOJO

While the previous points of criticism are valid and worth considering, EOQ might help procure both; the repetitive items and the MRO (maintenance, repair and operation) items. Author : Emad Atef – CSCA, MBA (Candidate), Procurement and Sourcing Manager. Lysons, Procurement & Supply Chain Management, 9th Ed. ,

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The expanding scope of procurement analytics: Some initial thoughts

NC State SCRC

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).

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Period of high financial risk to suppliers on the horizon

Resilinc

Procurement and supply chain managers should take that adage seriously for the next year to 18 months, given the prospects of a recession in the United States. In the 2008-2009 recession, export-dependent countries in Asia suffered a 15% drop in GDP in Q4 2008 due to their dependence on export markets, according to IMF analyses.