Procurement analytics: A game changer for smarter procurement
How procurement analytics is transforming purchasing
Procurement analytics is becoming essential for businesses to manage complex supply chains and global expansion, writes Sarah Dunsby. The practice offers data-driven insights that help organizations identify trends, track performance and predict future needs, resulting in cost savings, better supplier terms and risk management. However, implementing procurement analytics can be challenging due to manual operations, skill gaps and budget constraints.
Full Story: LondonLovesBusiness (02/06/25)
Reshaping of the U.S. trade landscape
Proposed widespread tariffs represent a new challenge for companies, with few good answers
President Donald Trump has announced new tariffs of 25% on imports from China, effective 1 Feb. These tariffs are part of a broader strategy to address trade imbalances and economic challenges. The tariffs are expected to impact supply chains, particularly in sectors reliant on imports from China.
Full story: Supply Chain Management Review (01/27)
Tips for Building Resilient Supply Chains Amid Rising Disruptions
As disruptions like labor strikes, natural disasters, and supplier issues grow more frequent, companies can't afford to wait for the next crisis to react
Labor disruptions and supply chain risks are becoming more frequent, requiring businesses to shift from reactive to proactive strategies.
Full story: Supply Chain 247 (01/27/25)