Logistics Viewpoints
APRIL 6, 2023
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.
Precoro
OCTOBER 6, 2022
With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. How often do purchases happen?
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SCMDOJO
MARCH 27, 2024
The world of supply chain management is fast-paced. Hence, leveraging the right technological tools becomes not only beneficial. This comprehensive guide highlights software that stands out. For each recommended software, we will delve into the key features that set it apart.
Precoro
AUGUST 14, 2023
More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?
Precoro
JANUARY 29, 2024
Escalating expenses associated with rising prices of raw materials, finished goods, third-party services, and labor along the entire supply chain expose businesses to a heightened threat of margin reduction. In this article, we will discuss how a robust procurement management plan can help address and mitigate the effects of inflation.
Unleashed
MARCH 9, 2021
What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.
Supply Chain Shaman
DECEMBER 15, 2022
When reviewing strategy decks for supply chain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” ” Or “push a shift from a focus on cost to drive value?” ” Sound familiar? To help, I will ask, “How do you define value?
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