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Balance supply chain risk and resilience with ROI. There are a few ways to balance supply chain risk and resilience with ROI: Diversification: One way to reduce risk is to diversify your supplier base so that you’re not relying on one supplier for all of your needs.
It’s a style of working that produced innovative thinking – but by its nature, could be hit and miss; where “miss” could have a significant negative impact to an organisation’s balance sheet. But now with strategicsourcing and categorymanagement, the process has become much easier to track, monitor and control.
There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop categorymanagement strategies. . What is Direct Procurement?
Others may still be applied to help businesses better manage the effects of the crisis. Balance Procurement Objectives. Before diving into specifics, I feel it is important to note how the crisis has emphasized the importance of Procurement / Supply Chain leaders having a balanced set of objectives. Yes, cost still matters.
Balance supply chain risk and resilience with ROI. Strategicsourcing professionals may end up doing tactical work, as well. Navistar is elevating the position to candidates by making them aware of the various aspects of Procurement beyond sourcing and categorymanagement.
Balance supply chain risk and resilience with ROI. Strategicsourcing professionals may end up doing tactical work, as well. Navistar is elevating the position to candidates by making them aware of the various aspects of Procurement beyond sourcing and categorymanagement.
demand aggregation As one strategy for meeting this obligation, both sectors look for opportunities for volume buying or ‘demand aggregation’ wherever possible and often approach strategicsourcing from a categorymanagement perspective.
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