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Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform GlobalSourcing”. For those of you who are executives in SupplyChain, Procurement or New Product Introduction/Development, this is a must read. Globalization. Integration. Today this rarely exists.
Daniel Koh is currently leading a team of 130 sourcing and pricing professionals globally. He had taken on a few leadership roles in Flex such as Procurement Compliance Director, led the GlobalSourcing team, and is currently member of Flex SupplyChain Council and SupplyChain Risk Management.
At the same time, organizations have never been more exposed to risk from their supplychains, from supply continuity, quality, or ESG violations. Below, we outline the 5 steps toward modernizing supplier management, addressing both transparency and effective engagement. Gain control of your supplier data.
Technology must be employed that supports securely sharing all relevant information between internal stakeholders and suppliers, and it must support effective planning and transparency for project teams. Disruptions, ethical and compliance risks are more likely to occur deep in your supplychain. Second, map your sub-tier.
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