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As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier riskmanagement are essential components to maintain stability during crises like these. is elevating the position to candidates by making them aware of the various aspects of Procurement beyond sourcing and categorymanagement.
Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain riskmanagement in healthcare and improved patient care? Efficient warehouse management.
Food service leader digitizes procurement to drive efficiency, transparency and effective supplier management as it accelerates global expansion. Jollibee Foods Corporation (JFC) is a chain of fast food restaurants with a worldwide store network of more than 5,000 stores.
Digitize to enable effective collaboration across more suppliers and categories. Efficient communication, the ability to securely share information and project manage efforts are all key to scaling collaboration across more processes, suppliers & categories. Managecategories like a financial portfolio.
Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier riskmanagement for business continuity in times of crisis. Related Content: How to Assess Potential Risks to your Supply Chain.
Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier riskmanagement for business continuity in times of crisis. In fact, they experienced just two weeks of disruption before they were up and running.
CPO’s are now being asked to manage not only the transactional piece of the supply chain, but to also create partnerships with suppliers who are beginning to become more deeply vested in the entire product lifecycle. Challenges in this new manufacturer/supplier partnership Burton cites include: Riskmanagement.
Those that selected more rigid technology that is good at driving standard process efficiencies but less so in enabling analysis or connecting stakeholders, or doesn’t address all spend, will struggle to scale efforts. First, categorymanagers should look to investment professionals and take a broad portfolio view of supplier riskmanagement.
He also talked about the recent release and the new features there, such as a new user interface across the platform, a new categorymanagement module (which I want to investigate more) and an integrated “digital assistant” at platform level.
In addition, he will provide updates on the RiskManagement Framework (RMF) and Authority to Operate (ATO) processes as part of the integration of technology in delivering best value healthcare. The Federal Acquisition Service’s IT CategoryManagement Office will also develop a generative AI acquisition resource guide.
The Department of Government Efficiency (DOGE) wasted no time accessing some federal IT systems and scrutinizing contracts. Categorymanagement continues to drive contract consolidation, making innovative solutions and teaming critical. As new technology priorities take shape, AI remains at the forefront.
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