Remove Manufacturing Remove Procurement Solutions Remove Risk Management
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.

article thumbnail

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

Logistics Viewpoints

For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital. Or they may have expertise in manufacturing processes and have flexible capacity to allow contract manufacturing for new product introduction.

Insiders

Sign Up for our Newsletter

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

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

Achieving Maturity in Risk Management Takes Years

Logistics Viewpoints

Supply Chain Risk Management Solution from riskmethods. If I was asked to vote for the most interesting solution set that has come to the fore over the last few years, my vote would be for supply chain risk management solutions. Supply Chain Risk Management Vendors. riskmethods.

article thumbnail

Market Beat. Four Thumbs Down and One Thumb Up.

Supply Chain Shaman

Globally ten percent of jobs are in manufacturing, while 37% are associated with supply chain management. They are impatient that they know more about pizza’s status for lunch before their zoom meeting than the inbound shipment status for their critical manufacturing run. Kinaxis Purchase of Rubikloud. Reflection.

article thumbnail

The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience

Logistics Viewpoints

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.