SpendEdge, a global supply chain management company, has been offering sourcing and procurement strategy intelligence to leading Fortune 500 business organizations for more than 17 years. Supply chain management encompasses the end-to-end flow of products,...
Whilst negotiations are ongoing between the UK government and the European Union, many businesses are still unsure about the steps needed to mitigate procurement risks associated with Brexit. Download the full article and know the steps that companies can take to...
As competition intensifies, manufacturing companies operating in different industries are also focusing on incorporating strategies that can lead to cost reduction, capacity expansion, and operational efficiencies – putting pressure on their procurement system...
Analyzing Different Types of Procurement Risks for a Multinational Conglomerate – A SpendEdge Case Study _compressed Analyzing Different Types of Procurement Risks for a Multinational Conglomerate – A SpendEdge Case Study _compressed
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.
Technology, procurement, sourcing, and innovation have transformed industry significantly, and companies are struggling to keep pace with the new expectations, standards, and stipulations within the market. As the pharmaceutical industry continues to rapidly grow, companies must leverage sustainable, data-driven, and robust procurement strategies to overcome risks, optimize supplier performance, reduce costs, and increase efficiency. SpendEdge helps businesses develop and leverage unparalleled procurement strategies to gain and maintain a competitive edge, high profitability, increasing efficiency, and reduced costs.
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