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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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Using Digital Supply Chain Planning to Respond to Market-Changing Disruptions like COVID-19

ToolsGroup

Gartner research shows that companies that continued to increase earnings while others declined in 2009 and 2010 were those that were able to keep their foot on the gas through the downturn because they had planned responses in advance. Take advantage of dynamic multi-echelon rerouting tools.

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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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Associated Grocers of New England Selects HIMPACT

Herlitz Inventory Management

“As AGNE has grown over the years, it’s important we upgrade our technology to match the needs we have from our independent retailers,” said Joe Conley, Director of Merchandising and Procurement at Associated Grocers of New England. “We We are confident that HIMPACT will provide the assistance our team needs to perform at the next level.”.

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How the Semiconductor Shortage Could Have Been Averted

QAD

Very similar to the crisis in 2008-2009 and much to the surprise of industry analysts, automotive demand came back much quicker than expected. see Figure 2) was added in response to shortages and disruptions that occurred in 2008-2009. The following is the content contained in the six chapters of MMOG/LE (see Figure 1).

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Who Should Be In The Winner’s Circle?

Supply Chain Shaman

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs.

Gartner 239
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For supply chain managers to become a trusted advisor, talent management is key

Supply Chain View from the Field

A CPO in the financial services industry also noted that a need to redefine procurement’s role in the enterprise is happening, driven by the recognition that a new type of procurement capability is needed: Prior to our transformation, the ONLY metric by which our performance was measured is how much money we saved for the organization.