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6 Challenges Facing Procurement and How to Address Them

SYSPRO Smarter ERP

Among the strategies that businesses are adopting during this time in order to keep costs in check and reduce the size of layoffs, is to focus on procurement to maintain ongoing supplies of materials and components, and to […]. The post 6 Challenges Facing Procurement and How to Address Them appeared first on SYSPRO US.

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How to Get Better Insights Into Your Freight Procurement Data

Shipsta

Your own data is your best resource for improving your freight procurement strategy. It gives you the most accurate insights into which carriers offer you the best quotes and meet your business needs.

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Why Benchmarking is the First Step to a Successful Freight Procurement Event

Talking Logistics

At a recent industry conference, a shipper asked me many questions about transportation procurement, such as, “How do you best determine how long and how often to have transportation sourcing events?” It’s a question many shippers are asking today as they try to figure out how to best navigate this ever-changing market.

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At St. Luke’s, Supply Chain Excellence Depends Upon Doctor Involvement

Logistics Viewpoints

Procurement became a logical place for leading healthcare systems to focus. As vice president of supply chain and procurement, Mr. Wengert was brought in to drive change. Hospital chains’ approach to procurement lagged far behind the practices employed by manufacturers, retailers, and distributors. “We

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How Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform

How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.

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2022 The Year of Resilience: How to Build the Best Freight Procurement Strategy

Shipsta

Freight procurement threw some big surprises at us in 2021. From the blockage in the Suez Canal to dramatic freight shortages throughout the year – it certainly kept us all on our toes.

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5 Challenges MNC Procurement Teams Are Facing (and How to Overcome Them)

Shipsta

Freight procurement is a tough job, even without the additional hurdles multinational corporations (MNCs) face.

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

And supply chain and procurement leaders need to be ready with the right response — fast. “What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy.

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GEP Outlook 2022

Supply Chain & Procurement: Key Trends, Challenges and Opportunities. Supply chain and procurement leaders need to know how to navigate an altered playing field and rethink their approach in 2022 in a never-normal world.

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Five Best Practices for Balancing Costs, Risks, and Sustainability

In the face of volatile macroeconomic conditions and other complex challenges, supply chain and procurement pros must strike a tough balance between seemingly contradictory demands: boosting performance and sustaining and extending business operations, all while meeting customers’ needs.

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The Five Worst Practices in Procurement

The GEP white paper lists 5 common mistakes that impede the success of procurement professionals. Learn from industry veteran Bill Huber about the wrong and right ways to approach a procurement mandate and why just saving money isn’t enough. Download this report now to learn how to avoid the worst procurement practices.

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2023 Procurement Planning: How Shippers Can Navigate Disruption With More Agile Strategies

Establishing a resilient supply chain network design will require an agile procurement strategy—one that’s cost effective and unrestricted, and allows shippers to toggle their resources to address freight market issues impacting their network.

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How to Prepare Your Supply Chain for Chip Shortages

TadaNow has helped many customers with short-term and long-term planning to prepare them for supply chain shortages and procure needed electronics components in the most efficient way possible. It will have a long-term impact on all industries, even those that don’t directly relate to the chip manufacturers.

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Building Supply Chain Resilience in the Real World

Speaker: Kelly Barner - Co-Founder & Managing Director of Buyers Meeting Point, LLC

Since 2020, procurement and supply chain professionals have faced an unprecedented set of challenges. The pandemic was just the start.

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From Concepts to Actionable Insights: Powering Digital Transformation Success

Speaker: Ketan Jahagirdar - Sopheon’s Director of Product Management

To be successful, digital transformation involves the strategic application of digitalization to improve a business’ entire system of production, procurement, sales, operations, human resources, and financial management. How to reduce digital transformation execution risks? What are the digital transformation challenges?