New US research reveals potentially revolutionary implications for supply chain and product category management in the retail sector.
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Category managers + supply chain pros = efficient demand management
Procurement teams with expertise in category management and supply relationship management play a pivotal role in the task of balancing supply and demand, an academic specialising in logistics has explained.
Spend analytics plus overpayment recovery equals successful procurement practice
An expert in spend analytics and overpayment recovery in the public sector has highlighted the importance of both preventing overspend and safeguarding cost reduction. Equally importantly, the recovery process is conducted in a sensitive and respectful manner to avoid...
New procurement approach in Northern Ireland for building projects
Public sector procurement professionals involved in major capital build and infrastructure projects in Northern Ireland are implementing a major new initiative designed to increase transparency both in the tendering process and the lower tiers of the supply chain below the lead contractors.
New fintech firms enter the supply chain financing space
A new supply chain finance innovation is gathering momentum in the US, bringing significant cost reduction and supply relationship management benefits in its wake for supply chain and procurement professionals, Supply Chain Management Review (SCMR) reports....
Why blockchain tech in supply chains needs human relationships
A procurement executive has concluded that procurement professionals engaged in conventional supply relationship management activities remain crucial to blockchain technology’s ability to yield cost reductions in the supply chain. Iain Steel, chief procurement...
Coronavirus spreads panic in firms with global supply chains
Concern about effective supplier relationship management and supply chain management more broadly is turning to panic among many firms with global supply networks following the coronavirus outbreak, a supply chain consultant has stated. Supply chain consultant...
Impact of coronavirus on supply chains continues to grow
Procurement professionals working on strategic sourcing are responding to the continuing spread of the CIVID-19 coronavirus outbreak by intensifying efforts to find alternative suppliers outside China. Shippers have been badly hit by delays caused by the virus, which...
Inadequate transparency between procurement and suppliers: a business risk
A new study from Harvard Business Review reveals that 60% of business executives consider insufficient transparency between their procurement and finance functions and their suppliers to be a significant risk to their business. The survey of 779 executives...
More on the impact of the coronavirus on global supply chains
How can an increasingly interconnected world manage supply chains when a potentially deadly virus threatens to transfer itself across the planet via those very links?