Remove Global Sourcing Remove Negotiation Remove Supply Chain
article thumbnail

Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study

ivalua

Protecting profitability in the face of inflation isn’t about squeezing suppliers in negotiations, but working together to find ways to reduce costs in the full value chain. Ensuring supply continuity requires timely and open sharing of information. Second, map your sub-tier.

article thumbnail

5 Steps Towards Modernizing Supplier Management

ivalua

Even reducing costs often depends more on effective collaboration rather than negotiation in today’s market. At the same time, organizations have never been more exposed to risk from their supply chains, from supply continuity, quality, or ESG violations. Yet, too few businesses do so well.