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Developing Agile Procurement Strategies: Thriving Amid Global Trade Disruptions

Logistics Viewpoints

As a supply chain executive, picture beginning your day with a cup of coffee when a news alert notifies you of newly imposed tariffs affecting your primary suppliers in China. Companies leaning heavily on global sourcing? Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos.

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Beyond Cost Optimization: Building Resilient Supply Chains in an Unstable Trade Environment

Logistics Viewpoints

For years, supply chains were engineered to be lean. Lean models alone are no longer sufficient. Recent years have brought a series of disruptions that exposed vulnerabilities in how supply chains are designed. Why Current Supply Chains Struggle The common failure points are not surprising.

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At St. Luke’s, Supply Chain Excellence Depends Upon Doctor Involvement

Logistics Viewpoints

This lowered hospitals’ margins and created an impetus for hospital chains to begin to tackle costs, but to do so in a manner that did not compromise patient outcomes. Procurement became a logical place for leading healthcare systems to focus. Procurement was a natural place to focus. There are several St. The post At St.

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The Emergence of Supply Chain Data Fabrics

Logistics Viewpoints

When one thinks of supply chain software vendors, the name InterSystems may not spring to mind. A supply chain data fabric can help companies augment their supply chain processes. They aim to achieve the same success in supply chain management that they have achieved in the healthcare sector.

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GEP Procurement & Supply Chain Tech Trends Report

And for procurement and supply chain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supply chain for the year ahead?

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Lenovo Excels in Supply Chain Planning with a Hybrid Approach

Logistics Viewpoints

Jack Fiedler, the vice president for digital transformation of the global supply chain at Lenovo Lenovo is ranked tenth by one leading analyst firm among a list of global companies with exceptional supply chains. During COVID, this more agile and resilient model allowed the firm to grow their market share.

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Why Supply Chain Convergence is Critical to Greater Agility and Resilience

Logistics Viewpoints

Having an effective supply chain practice has always been a difficult balancing act, even in relatively stable times. The pandemic has exposed flaws in business practices across industries, which have been acutely felt in their supply chain and procurement operations. Gap between supply chain and procurement.

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How a Global CPG Leader Optimized $500M of Direct Materials Spend and Exceeded Savings Goal

GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supply chain resilience and agility. This is essential reading for all procurement and supply chain leaders.

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2023 Procurement Planning: How Shippers Can Navigate Disruption With More Agile Strategies

In 2023, shippers have an opportunity to reimagine their supply chain operations so they’re well equipped to navigate any future disruption. Download our agile procurement ebook for a guide to the tactics and tech solutions shippers are approaching to evolve their current strategies.

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Building Supply Chain Resilience in the Real World

Speaker: Kelly Barner - Co-Founder & Managing Director of Buyers Meeting Point, LLC

Since 2020, procurement and supply chain professionals have faced an unprecedented set of challenges. The pandemic was just the start.