Remove Exercises Remove Logistics Remove Manufacturing Procurement
article thumbnail

How to Build a Successful Procurement Strategy in 2025

ivalua

Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement 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?

article thumbnail

How to Build a Successful Procurement Strategy in 2025

ivalua

Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement 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?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Blockchain for Transparent and Secure Supply Chains, 2025 Update

Logistics Viewpoints

Yet in too many cases, a manufacturer still cannot verify where their materials originated. Every authorized party, supplier, auditor, regulator, buyer, can read from and write to the same shared source of truth. The Trust Deficit at the Core A modern supply chain spans continents and cultures. The result?

article thumbnail

How MTSS Platforms Can Prepare the Next Generation of Supply Chain Professionals

SCMDOJO

Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects. For example, a student might work on a project that involves analyzing sales data to predict future product demand, thereby learning how to adjust procurement strategies accordingly.

article thumbnail

The New Procurement Reality: Managing the Supply Chain with Artificial & Human Intelligence

Jaggaer

I am a big believer in procurement getting involved as early as possible in new product development based on all the market knowledge available. The worst-case scenario is product engineering developing a new product, selecting a supplier and then telling procurement to get on with negotiation. How often do your purchase orders change?

article thumbnail

How to Make Your Supply Chain More Resilient

Logistics Bureau

Just ask any manufacturer who’s had to halt production because a single critical component wasn’t available. Once this exercise is completed, your company can then assess the risk from tier-two suppliers onwards. These disruptions aren’t just inconvenientthey can make or break a business.

article thumbnail

Procurement Category Management: Step-by-Step Guide with Examples

Precoro

Businesses often use it in retail and purchasing. Category management isn’t just another procurement trend. It’s a way for companies to group similar goods or services (like IT infrastructure, facilities, or raw materials) and manage them holistically instead of handling every purchase in isolation.