January 23, 2025 | Procurement Strategy read
A robust procurement sourcing strategy in today's volatile market is essential. Beyond simply finding the cheapest vendor, it’s about maximizing value and minimizing risks through long-term vendor partnerships. Taking a strategic approach to sourcing means considering factors like quality, reputation and stability alongside cost, leading to a more holistic evaluation of vendor relationships.
Having the right procurement sourcing strategy offers several advantages:
Eighty percent* of organizations see AI as the secret to smarter procurement, sharper risk management and long-term value. Yet, most still struggle with data and AI adoption.
From predicting demand to automating contract compliance and mitigating supply chain risks in real time, AI can help build a more effective and efficient procurement function.
January 22, 2025 | Cost Management read
The IT sector has struggled in recent years. But where do IT companies continue to spend a significant portion of their revenue? More importantly, how can they cut down on this spend while maintaining a competitive edge at the same time?
In the IT sector, the selling, general and administrative (SG&A) expenses – indirect costs – account for 10% to 25% of total revenue. Often, marketing accounts for up to 50% of these expenses.
January 16, 2025 | Sustainability read
ESG factors — environmental, social, and governance — have become really important for companies focused on sustainability. With stakeholder expectations getting higher, the challenges around ESG are more complex than ever. Issues like climate change, social equity, and ethical governance require a teamwork approach to tackle effectively.
So, what are the pain points that ESG collaboration can manage for enterprises?
Procurement and supply chain professionals need to keep tabs on how heightened global risk and volatility will impact their business. The latest CIPS Global State of Procurement & Supply “Pulse” report offers important and timely insights on the current hot topics, including AI and the economy.
Turn to this quarter’s analysis of the critical procurement pressure points and supply chain disruptions. GEP’s Paul Blake and CIPS’ global economist Dr. John Glen engage in an interactive discussion of the latest findings.
Key Discussion Points:
The latest tariff proposals are set to reshape energy supply chains, putting utility leaders in a tough spot. With costs rising up to 25% and lead times extending to four years, staying competitive means taking action now.
How can utilities stay ahead in this turbulent landscape?
Read our latest white paper to fully understand how companies can manage their supply chain risks amidst changing trade policies.
What’s Inside:
January 14, 2025 | Cost Management read
As the new political leadership in the U.S. prepares to take office in January 2025, changes in trade, tariffs and policy are likely to be implemented.
Experts believe that trade strategy reflects a strong emphasis on protectionism, leveraging tariffs as tools to encourage reshoring of American manufacturing.
But what kind of impact can these tariffs have on businesses relying on global supply chains?
January 13, 2025 | Procurement Strategy read
Procurement and supply chain leaders have had to deal with significant disruption in recent years, and 2025 shows no signs of letting up. And rapid advances in AI, shifting geopolitical landscapes and heightened regulatory demands are converging to reshape the industry, making the year ahead a pivotal one.
Leaders must be agile and think ahead to meet the challenges and make the most of the opportunities they offer. What should they know to thrive in 2025?
January 11, 2025 | Supplier Management Strategy read
Effective supplier relationship management (SRM) in the chemical industry is essential to building strong and mutually beneficial partnerships that drive long-term success.
This approach not only improves compliance and performance but also strengthens operational efficiency. By fostering effective strategic supplier partnerships, organizations can reduce costs, optimize processes, and enhance overall competitiveness.
December 09, 2024 | Procurement Strategy read
Sales and operations planning (S&OP) is a critical process for consumer-packaged goods (CPG) companies, yet many struggle to make it work. Customer demands shift, supply chains encounter disruptions , and outdated tools prevent teams from acting effectively. These gaps lead to common issues like stockouts, overproduction, and wasted resources.
