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Direct vs Indirect Procurement: Key Differences, Challenges, and Opportunities

ivalua

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations. Find Out More What Is Procurement?

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The Supply Chain Merry-Go-Around

Supply Chain Shaman

following the reporting of fourth-quarter results. This is despite the strengths of the recent purchase of Optimity. To make the point, let’s take a look at Eastman Chemical in Figure 1. I first experienced the implementation of OMP and SAP at Eastman Chemical in 2004. The average size of a chemical company is $13B.

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Celanese Leads the Pack When it Comes to Agentic AI

Logistics Viewpoints

The Celanese Supply Chain Celanese Corporation (NYSE: CE), headquartered in Dallas, Texas, is a global chemical and specialty materials company with revenues of over $10 billion. The chemical industry has a complex supply chain. Chemical companies are extremely safety conscious. They must be. This became an investment priority.

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Procurement Compliance Explained: Examples, Challenges, and Best Practices

Precoro

Companies often push aside procurement compliance to focus on more pressing issues. No wonder—procurement often gets tedious and burdened with time-consuming processes. However, ignoring procurement compliance is like ignoring a ticking time bomb. Scroll down to find out: What is procurement compliance?

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AI-Tuned Pricing and Inventory Strategies are the Way Forward for Retailers

Supply Chain Brain

Now, retailers can simulate “what-if” scenarios that reveal how different hypothetical tariff-driven cost increases could impact shoppers’ willingness to purchase upcoming SKUs at various price points, and which products’ margins will suffer most as costs fluctuate. He adds that it’s no wonder that only 15% of U.K.

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Selling Into the EU? Time to Start Preparing for the Digital Product Passport

Supply Chain Brain

Bowman, SupplyChainBrain The European Union is on the verge of rolling out a reporting regulation that promises to have a huge impact on businesses selling into the region. The DPP “represents a significant advance in product transparency and sustainability,” according to an EU report published in September of 2024. “As

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Guide to Manufacturing Inventory Management Software

RFgen

We’re talking real-time tracking, automated purchasing, and a whole lot less stress. Automated Purchase Order Generation: Maintain optimal stock levels by automatically generating purchase orders when supplies run low. It’s not just a nice-to-have; it’s the key to staying competitive.