Remove 2023 Remove Eliminating Excel in Purchasing Remove Procurement
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How Can You Improve Value in Your Supply Chain?

Supply Chain Shaman

For example, if I improve the cost structure in transportation, procurement, manufacturing and sales independently, what decision support framework decides the right trade-offs? I observe that organizations are unclear on outcomes and the definition of supply chain excellence. You are right. Before we get started, let’s agree.

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Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.

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What is Supply Chain Decision Support? Are We Rearranging Deck Chairs on the Titanic?

Supply Chain Shaman

FactSet reports that 66% of companies in Q3 2023 beat revenue guidance. The second is, Why are companies focused on traditional risk management investments primarily focused on supply/procurement when the more significant opportunity is balancing risk and opportunity in an increasingly complex world? The public markets are nervous.

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RS Group Achieves Back-to-Back Ecovadis Platinum Medal for Sustainability Excellence

Synovos

This achievement is further heightened, as the criteria for attaining the platinum standard in 2023 are even more rigorous than in previous years. The assessment focuses on 21 sustainability criteria that are grouped into four themes: environment, labor and human rights, ethics, and sustainable procurement.

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Online Procurement System: Guide to Choosing the Right Tool

Precoro

Procurement operations are no exception. In fact, 43% of GPOs that took part in the 2023 Global Chief Procurement Officer Survey cited overall procurement risk had increased significantly as compared to 20% in the 2021 study. Keep reading to learn: What is an online procurement system?

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Pushing the Supply Chain Reset Button

Supply Chain Shaman

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. Supply chain excellence happens when leaders manage complex non-linear flows.

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How Supply Chain Innovation Propels Startups to Unicorn Status!

Supply Chain Game Changer

Supply chain excellence enables startups to scale efficiently , reduce costs, provide fantastic customer experiences, and withstand market turbulence. Smart contracts – Blockchain-based smart contracts increase procurement efficiency and transparency. See Amazon buying Kiva Systems.