Remove Consumer Demands Remove Innovation Remove Supplier
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How Procurement can help to drive Supplier-led innovation

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In today’s competitive business landscape, consumers demand a continuous cycle of new products and services, and the gap between each launch is shrinking. This means companies are under more pressure than ever to innovate at pace. Suppliers offer an excellent source of knowledge to help businesses rapidly innovate.

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Mitigating Risks and Future-proofing the Supply Chain

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This is being driven by consumer demand for greater transparency, compliance demands, tougher regulatory enforcement, and the growing emphasis on CSR. This level of flexibility can be achieved with a comprehensive technology stack, a roster of alternative suppliers, and ready access to key data.

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Webinar Recap: Procurement 2022, Big Trends and Predictions

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While the procurement industry is consistently evolving and shifting, supply management professionals across the globe have had to quickly prepare for change and innovation in technology, business regulations, and the general speed of commerce. . Disruptions in global supply chains, labor market shortages, strong consumer demand.

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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

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In this way, they can be ready to face a crisis like Covid-19 or various other potential challenges — extreme weather caused by climate change, consumer demand for sustainable and ethically produced goods, trade wars or political tensions, to name a few. . Balancing New Priorities Makes Procurement More Valuable.

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How 2011 Prepared Us for Today

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Downstream customers, such as the big 3 automakers in the US, who relied on Japanese suppliers had to find alternate channels to meet their production requirements. 89% of respondents judged to be “Innovative Performers” believed their organization was “effective” or “very effective” at leveraging these technologies.