PRESS RELEASE

Procurement and Supply Chain Management: Challenges, Strategies, and Trends Impacting the Process

Jan 2, 2020

LONDON: SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest articles on the trends impacting procurement and supply chain management companies and strategies to manage them. 

Challenges Facing Procurement and Supply Chain Management

In the current competitive scenario, its customers who tell suppliers how and when they want their inventory to be delivered. This results in inefficiencies, excess costs, and inventories for companies. This article will help you explore the challenges faced by companies while navigating global markets. It will provide key insights into factors such as compliance, rapidly evolving markets, globalization, and supplier management impacting the efficiency of procurement and supply chain management process.

“Improving the procurement supply chain management process is crucial for companies to optimize the processes of acquiring inputs from suppliers, converting them into finished products, delivering those outputs to customers,” says Parikshit Ghosal, Vice-President at SpendEdge.

Are you facing similar challenges and looking for solutions to navigate global markets successfully? Request a free proposal to access our procurement and supply chain management solutions.

REQUEST FREE PROPOSAL

Strategies to Create an Agile Procurement and Supply Chain Management Framework

Responding to changes is the key to gain success in today’s business environment. Companies not just need to react faster than competitors, but also need to prepare better and execute faster. Procurement and supply chain management is a complex process and requires companies to devise strategies that can manage a supply base and meet consumers’ needs. The article will help you gain knowledge about the key procurement supply chain management steps and framework. The article will show how companies can ramp up products quickly and launch ahead of their competitors by analyzing different market conditions.

Get ahead of your competitors by devising effective procurement and supply chain management strategies. Schedule a free demo to know more about our services. 

Request for Demo

Trends Shaping Procurement and Supply Chain Management

Companies strive hard to keep up with increasing customer expectations and ensure their presence in the market. New technologies such as AI, machine learning and blockchain disrupt the procurement and supply chain management process, thereby impacting operational efficiency. This article will help you understand how such technologies can be applied to create more value for customers. Also, it will provide key insights into inventory positioning, dropshipping, reverse logistics, and gender diversity at the portfolio level in North America.

Want more insights on trends shaping procurement and supply chain management in different supply markets? Reach out to our experts now!

Contact Us

Recent Press Releases & Media Mentions

Industries

Services

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

Infiniti Research, Inc. BBB Business Review

Better Business Bureau

Transitioning your category procurement strategy beyond cost-saving and into a strategic function of the organization.

Procurement Trends to Implement in 2023 – Insights by SpendEdge

Over recent years, there have been various industry developments that served as or caused trends in procurement. These procurement trends include technology changes, novel strategic approaches, new processes, and necessary adaptations to change. As supply chains become increasingly complex, procurement has become highly crucial and influential in the production process and continues to grow.

read more

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars
Request Free Proposal