7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Read more about 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends?

In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

Key Topics:

Supply Chain Audit: Mitigating Risks and Strengthening Resilience

April 04, 2024 | Supply Chain Strategy read

Global supply chain networks are getting increasingly complex. Managing risks and ensuring compliance have therefore become a critical imperative across industries. From raw material sourcing to final product delivery, every link in the supply chain carries potential vulnerabilities that can disrupt operations, damage brand reputation, and incur substantial costs.

2024 Spend Category Outlook – Key Trends & Opportunities

Read more about 2024 Spend Category Outlook – Key Trends & Opportunities

Geopolitical, economic and supply chain challenges will continue to impact the major spend categories in 2024, but help is here. In this GEP-sponsored SIG webcast — 2024 Spend Category Outlook – Key Trends & Opportunities — we outline ways to leverage the latest strategies and digital toolsets to overcome these hurdles more effectively.

5 Ways to Build Resiliency in Direct Materials Sourcing

March 27, 2024 | Sourcing Strategy read

Direct materials – the raw ingredients that become the building blocks of your finished products – are the lifeblood of your manufacturing process. When supply chain disruptions occur in direct materials sourcing, the consequences can ripple through your entire operation.

This means building resilience in your direct materials sourcing strategy is no longer optional, it's essential for business continuity.

Sustainability Issues in Supply Chain Management: And Why Enterprises Must Pay Attention

March 26, 2024 | Supply Chain Strategy read

Sustainability has become a critical consideration for companies globally and across industries. Consumers and stakeholders alike are increasingly demanding green products and operations. And businesses that fail to adapt risk losing their competitive edge.

One area where sustainability can make a huge overall difference is supply chain management.

Global Fast-Food Chain Develops Supply Risk Mitigation Strategy With GEP

Read more about Global Fast-Food Chain Develops Supply Risk Mitigation Strategy With GEP

This case study demonstrates how GEP helped a global quick service restaurant identify alternative suppliers to optimize its supply network, ensure supply security and reduce costs.

Five Procurement Trends for 2024: Transformative Success Strategies

March 20, 2024 | Procurement Strategy read

The procurement landscape is undergoing significant transformation, driven by rapid technological advancements, evolving market dynamics, and the ever-increasing demand for supply chain resilience and sustainability. And staying ahead of these trends is key to maintaining a competitive edge, and at the same mitigating risks and unlocking new growth opportunities.

This blog explores the top procurement trends in 2024 set to shape the business environment and provide strategic insights to business leaderships to navigate these changes effectively.

Strategic Sourcing: From Cost-Centric to Value-Driven Approach

March 13, 2024 | Sourcing Strategy read

While both traditional and strategic sourcing secure goods and services for the organization, the critical distinction between them lies in focus and approach.

Traditional sourcing methods have prioritized upfront cost reduction, often at the expense of long-term value.

In contrast, strategic sourcing takes care of total cost of ownership, quality, innovation, sustainability, and risk mitigation.

This shift leads to strong and collaborative relationship with key suppliers, and maximizes value beyond mere cost reduction.

5 Trends Reshaping Procurement in Oil and Gas

March 07, 2024 | Procurement Strategy read

Oil and gas companies face an uncertain future amid the global energy transition. While demand projections vary, new technologies and sustainability pressures are clearly reshaping industry strategies and operations. This disruption creates risks but also opportunities to upgrade performance.

Procurement sits at the center of this transformation.

By harnessing emerging trends, procurement organizations can drive greater value and become strategic advisors that enable competitiveness.

Why Effective Supply Chain Management Can Make a Difference for Oil & Gas Companies

March 04, 2024 | Supply Chain Strategy read

Transportation, chemicals, manufacturing, agriculture, construction – the list of industries that depend on oil and gas products for their operations stretches on.

And despite the advances in renewable energy, it’s not a stretch to say that the world’s economy still depends on the oil and gas industry. And with its inherent complexities and susceptibility to disruptions, the oil and gas industry depends on efficient supply chain management for effective operations.

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Supply Chain Audit: Mitigating Risks and Strengthening Resilience

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5 Ways to Build Resiliency in Direct Materials Sourcing

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Sustainability Issues in Supply Chain Management: And Why Enterprises Must Pay Attention

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Five Procurement Trends for 2024: Transformative Success Strategies

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Strategic Sourcing: From Cost-Centric to Value-Driven Approach

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5 Trends Reshaping Procurement in Oil and Gas

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Why Effective Supply Chain Management Can Make a Difference for Oil & Gas Companies

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