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Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. Access to Unique Process and Asset Capabilities: Some suppliers offer unique skills, technologies, or processes that are not available in-house or through other sources.
Companies leaning heavily on global sourcing? Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. What Is Agile Procurement? Agile procurement is your lifeline.
90-day tariff response: From crisis management to competitive advantage sharkins Fri, 08/01/2025 - 10:25 The August 1 deadline for tariff negotiations has arrived, and with it, the realization that global trade volatility will be a persistent obstacle, not a temporary disruption. Enter the 30-60-90 plan for tariff response.
5000 developers are working on product enhancements and extensions to the SAP spend management suite. Spend Management Takeaways SAP continues to invest in using generative AI to improve the user experience. While SAP has had procurement analytics solutions, last year at Spend Connect Live, SAP announced the Spend Control Tower.
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Procurement and supply chain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.
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There are actions within a supply chains control that can make a real impact without requiring an overnight transformation, and that provide agility, flexibility, and resilience in the face of uncertainty. Establish inventory reserves in key markets to avoid supply chain disruptions.
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Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manageprocurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
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Historically, supply chain leaders managed supply chains in a world of abundance. It was never measured or managed. This is amplified across the supply chain into an exponential impact on inventory and planned orders for manufacturing. Inventory Health. I find only 8% of companies actively measure inventory health.
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Reducing cost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. Sudden tariff increases can quickly make a cost-optimized procurement strategy untenable, leaving companies scrambling to adjust. Procurement is another area seeing change.
As part of the workshop, we are developing a list of Do’s and Don’ts related to Distributor Management. Do Invest in Distributor Capability Building : Provide training, digital tools, and performance incentives. Do Embrace Technology and Data : Use real-time data for demand forecasting, inventorymanagement, and route optimization.
Crisis vs. Continuity, Where the Line Falls Crisis management is the immediate response to something unexpected and high impact. Recovery required offline backups and manual workarounds, highlighting the value of tested, non-digital contingency plans. Companies with dual sourcing and buffer inventory got back on track faster.
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Procurement People should learn the Sales & Operations Planning (S&OP) Process. Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies.
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Data Fabric Studio: One Place to Start At the center of the discussions was the InterSystems Data Fabric Studio , a cloud-based system designed to integrate and organize data from multiple sources. Created lookup tables and transformation rules to automate future loads. Time to deploy? Less than a week!
Resilinc made a powerful impact at ISM World 2025—highlighting how AI-driven foresight and financial risk intelligence can transform reactive supply chains into strategic assets. In Orlando, thought leaders, procurement professionals, and supply chain executives came together under the theme of building resilient, responsive supply networks.
Excess inventory weighs down supply chains. Powered by digital tools, on-demand strategies offer a cleaner, more responsive path to production. The Hidden Costs of Traditional Inventory Models Traditional inventory models were built for predictability. Digital fabrication makes this possible.
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Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities This supply chain article provides a comprehensive overview of the procurement department within an organization. Read In Detail About Procurement Department Here 2.
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They write, “This includes tackling bigger issues such as compliance, supplier relationship management, risk and disruption, responsible sourcing, and transparency. IoT devices track inventory in real time, providing valuable insights into stock movement, reducing waste, and ensuring products are available when needed.”
Drip Digital Supply Chain. Consider several factors rooted deeply into change management: The Role of the Planner. We have not designed the planning systems to serve managers, directors, and vice presidents, aiming to improve decision-making and collaboration across the source, make, and deliver processes. Industry 4.0.
It’s the key to transforming your supply chain from a source of frustration into a well-oiled, profit-generating machine. Connected technology transforms traditional supply chains into dynamic systems capable of real-time decisions and proactive problem-solving. That’s where data analytics comes in.
But amid the ups and downs, one thing remains constant: the need for agility and adaptability in supply chain management. Automotive: Managing tariffs; overcoming supply constraints and cost surprises For automotive manufacturers , tariffs don’t just impact costs—they create major supply constraints.
Subscribe DigitalProcurement Improves Supply Chain! And so are your procurement responsibilities. Sometimes, unforeseen disruptions, whether a natural disaster or an internal planning issue, can throw your procurement process off course. Effective lead time management is essential to avoid operational disruptions.
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Supply chain was defined in 1982 as interoperability between source, make and deliver. The concept was that managing trade-offs and optimizing the whole to drive business outcomes would improve value. Ask a procurement or transportation professional if they have a good demand signal and expect a laugh.
That, at least, is the theory behind mathematical optimization, and the way it’s being applied to supply chain management today. Others cite the use of a “digital twin” — a virtual representation of an entire supply chain — to create and review various what-if scenarios. “I In the end, though, it all comes down to a game of numbers.
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