Remove Innovation Remove Manufacturing Remove Procurement Solutions
article thumbnail

Direct Spend Management: A Checklist for Enabling Shared Value with Direct Suppliers

Logistics Viewpoints

Suppliers are now crucial strategic partners that support product innovation, efficient supply chains, and overall competitiveness. Or they may have expertise in manufacturing processes and have flexible capacity to allow contract manufacturing for new product introduction. They are no longer just vendors of goods and services.

article thumbnail

Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Saga of Stale Data and Stalled Innovation

Supply Chain Shaman

As I look at the Supply Chain Planning industry, I question why companies are buying software and implementing processes that use stale data. Demand latency is the time from the purchase in the channel to the translation of the demand signal to an order.) The new innovators are not challenging existing paradigms.

article thumbnail

No Balloons Needed: Practical Moves to Navigate Tariff Volatility

Logistics Viewpoints

The manufacturing sector is facing unprecedented volatility in global trade, with tariffs becoming the latest in a series of uncertainty drivers that are impacting virtually all industries. Manufacturing plants are deeply entrenched; tied to infrastructure, suppliers, skilled labor, and regulatory requirements.

article thumbnail

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. Click here!

article thumbnail

Indirect Procurement: Why It Gets Mismanaged and How to Fix It

ivalua

Indirect procurement sometimes flies under the radar, but its impact on cost, compliance, and efficiency can be significant. However, when left unchecked, mismanaged indirect procurement can cost a lot of money, pose audit risk, and a lack of transparency into who’s buying what – or why. What Is Indirect 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?