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Sustainability in Procurement: Strategies and Challenges

ivalua

Sustainable and socially responsible procurement practices that cover the full spectrum can provide end-to-end visibility that facilitates monitoring and compliance, and delivers continuous value to the business. Among these practices are supplier identification through sourcing, relationship management, and reporting.

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Top Supply Chain Execs to Watch in 2024: Peraton’s Bill Mertz

WashngtonExec

Bill Mertz Chief Procurement Officer, Peraton Bill Mertz is responsible for all aspects of the companys procurement organization, including supply chain operations, strategic sourcing and subcontractor management.

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Modernizing Public Infrastructure: The Power of Strategic Procurement

The Procurement ClassRoom

Fraud Detection : Machine learning models can monitor procurement transactions for irregularities, reducing corruption risks. Supply Chain Optimization : AI can enhance supply chain performance by analyzing vendor reliability, delivery timelines, and cost trends.  

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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

Develop a Strategic Procurement Plan Procurement shouldn’t be reactive; it should be proactive. Start by developing a strategic plan that aligns procurement goals with your organization’s overall objectives. Enhance Supplier Relationships Strong relationships with suppliers are the backbone of effective procurement.

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10 Key Issues The Hackett Group Says Will Impact Supply Chain Transformation in 2021

ivalua

What Will Impact Procurement Processes in 2021? Supply Chain Transformation is ongoing but never more important than in 2021. Supply Chain Risk and Supply Continuity: Risk moved front and center of Procurement during the pandemic, as procurement organizations grappled with constrained supply chains.

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The Coronavirus Is Shattering Traditional Supply Chains

ivalua

A March 11 analysis by trading platform Forex.com claimed that nearly 75% of all companies had already reported supply-chain disruptions, with more than 80% believing that at some point they would experience impacts as a result of COVID-19 disruptions. So, when its supply chain broke, the ripple effects came about quickly.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

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