When mitigating the impacts of increasing tariffs, you need to consider 4 important levers – procurement costs, supply chains, customers, and competitors.
The purpose of conducting an internal needs analysis is to benchmark current performance and then identify needs and targets in order to develop a procurement strategy.
The procurement process can be complicated one. Strategic procurement is an organization-wide process. Here are the 7 steps that lead to a successful procurement process.
Magali Bourdeilh, PACI|FPAI is the Coordinator, Procurement and Transportation Logistics for Mosaique Surface, a company specializing in custom stone mosaics.
Besides following a standard sourcing procedure, there are several actions companies must take to ensure that they have an efficient procurement strategy.
Kevin Duncan, CITP|FIBP, is a Senior Buyer Technical Procurement at NOVA Chemicals, where he ensures compliance with all customs, and manages an important supply portfolio, providing competitive pricing while maintaining strong supplier relationships.
There are several inventory management strategies that organizations can use to maintain optimal inventory levels and ensure that customer needs are met.
If you want to minimize your supply chain costs in a way that also improves efficiency, you need to know exactly where to look.
A 4PL company is a supply chain services provider that searches for the best supply chain management solutions for its client companies.
Systematic and strategic planning makes all the difference between success and failure when entering international markets. However, any plan is only as good as the foundation it is built on. Here we examine why the default business plan may not be enough when entering international markets.