Cost Efficiency and Risk Management Through a New Kind of Supply Chain Model
How a new supply chain model boosts efficiency and resiliency through greater risk mitigation, visibility and financial flexibility.
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Inventory Reduction Strategies to Optimize Supply Chain
March 30, 2023 | Supply Chain Strategy
Inventory management can make or break a company's bottom line. Too much inventory ties up capital and storage space, while too little inventory can lead to stockouts and lost sales. So, what needs to be done to strike the right balance and optimize an enterprise’s supply chain?
This blog explores some proven inventory reduction strategies that can be implemented today to improve business efficiency and profitability.
Total Cost of Ownership in Spend Analytics: Guide for Procurement Professionals
March 29, 2023 | Cost Management
Tracking spend is essential to maintaining profitability. But how can CPOs ensure that their enterprise is getting the best value for money? Enter Total Cost of Ownership (TCO) analysis.
What is Total Cost of Ownership?
Total Cost of Ownership is a methodology in procurement for calculating all the costs associated with a particular purchase over its entire lifecycle. The costs include not only the initial purchase price but also any costs associated with maintenance, repairs, upgrades, and disposal.
Capex in Oil & Gas: Why In-house Procurement Is Better Than EPC Model
Significant changes in recent years have greatly impacted capital expenditure (capex) trends in the oil and gas sector, leading many companies to look for a capex model that considers the industry’s fast-evolving landscape and optimizes investment decisions, operations and long-term sustainability.
Supply Chain Scenario Planning: Preparing for the Unknown
March 22, 2023 | Supply Chain Strategy
Supply chain management has been through several transitions in the past couple of years, exponentially more than it did in the past decade. Disruptions have been unexpected — from all sorts of reasons such as natural disasters, geo-political disruptions, or labor shortages — leading to delays, cost overruns and lost revenues. In short, business has been tricky and continues to be so, making it critical to plan ahead for possible scenarios.
Healthcare Procurement: Trends, Use Cases, and Best Practices to Overcome Challenges
March 20, 2023 | Procurement Strategy
Healthcare procurement is a critical function that plays a key role in ensuring that healthcare providers have the supplies and equipment they need to deliver high-quality care to patients.
Why Inventory Management and Supply Chain Visibility Will Be Crucial for CPG & Retail Industry
March 17, 2023 | Supply Chain Strategy
CPG and retail companies have had to deal with numerous supply chain challenges over the last few years, among them inflation, shortages, demand spikes and transportation constraints.
CPG Supply Chain: Factors That Will Impact In 2023
March 17, 2023 | Supply Chain Strategy
Shoppers everywhere will remember the shortages of numerous consumer products during the COVID-19 lockdowns of 2020 and 2021. In 2022, pent-up demand drove inflation to its highest levels in 40 years, meaning higher prices for both raw materials and finished goods.
While supply chain constraints are easing, their effects will still take time to fully resolve. CPG companies need to know the most important factors that could drive disruptions to their supply chains in 2023 to adapt appropriately. Some of the biggest include:
CPG Optimization Strategies for Companies and Retailers to Reduce Inflationary Pressure
March 13, 2023 | Supply Chain Strategy
Explore the CPG inflation & optimization strategies for CPG companies & retailers to handle the inflationary environment & maintain profitability to stay ahead in a challenging market.
Media Supply Chain Risk
March 11, 2023 | Supply Chain Strategy
Media supply chain risk management requires an understanding of the planning, execution, and monitoring processes of the entire media supply chain. Visit & read more about media supply chain risk management.
