supply chain Archives - Procurement Cube https://procurementcube.org/tag/supply-chain/ Passion for business Sun, 16 Jan 2022 22:23:11 +0000 en-GB hourly 1 https://wordpress.org/?v=6.6.2 https://i0.wp.com/procurementcube.org/wp-content/uploads/2019/07/cropped-ProCu-THICKER-All-Grey.jpg?fit=32%2C32&ssl=1 supply chain Archives - Procurement Cube https://procurementcube.org/tag/supply-chain/ 32 32 193294611 4 steps guaranteed to boost profit and prepare your company for growth https://procurementcube.org/4-steps-guaranteed-to-boost-profit-and-prepare-your-company-for-growth/#utm_source=rss&utm_medium=rss&utm_campaign=4-steps-guaranteed-to-boost-profit-and-prepare-your-company-for-growth Sun, 16 Jan 2022 22:23:06 +0000 https://procurementcube.org/?p=2311 How to boost operational efficiency, lower costs, reduce risks and get more value from your suppliers Growing a small or mid-sized company comes with many challenges. One of the top challenges is to get key processes into good shape. That’s because you don’t want process inefficiencies to magnify as the business scales. Worst case, that […]

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]]> 2311 Is Having Too Many Suppliers Slowing Your Company Down? https://procurementcube.org/is-having-too-many-suppliers-slowing-your-company-down/#utm_source=rss&utm_medium=rss&utm_campaign=is-having-too-many-suppliers-slowing-your-company-down Mon, 02 Aug 2021 10:01:06 +0000 https://procurementcube.org/?p=2222 It’s costly and time-consuming to manage too many suppliers. It also introduces risks and has a negative knock-on effect on staff retention and revenue. Uncontrolled supplier proliferation is a red flag that generally operational processes and governance across the company may not be up to scratch. Fixing these issues could be a matter of life […]

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]]> 2222 Here Is a Quicker Way of Getting Better Supply Market Insights https://procurementcube.org/here-is-a-quicker-way-of-getting-better-supply-market-insights/#utm_source=rss&utm_medium=rss&utm_campaign=here-is-a-quicker-way-of-getting-better-supply-market-insights Thu, 30 Jul 2020 12:24:57 +0000 https://procurementcube.org/?p=1962 Sales people spend a lot of time and effort understanding their target markets and prospects. Meaningful insights mean better sales strategies and more sales. Similarly, procurement professionals need a good understanding of the supply markets they operate in. These insights will shape sourcing strategies, which in turn will put the buying organisation in the best […]

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]]> 1962 Is It Time to Renegotiate Your Supply Contracts? https://procurementcube.org/is-it-time-to-renegotiate-your-supply-contracts/#utm_source=rss&utm_medium=rss&utm_campaign=is-it-time-to-renegotiate-your-supply-contracts Mon, 29 Jun 2020 20:55:00 +0000 https://procurementcube.org/?p=1943 Your supply contracts are important. They govern your commercial relationships. However, after they have been negotiated and filed, they are often forgotten about. Years may pass by and business contexts may have changed. Contracts that were once fit for purpose may no longer be suitable or protect the organisation adequately. It is, therefore, necessary to […]

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]]> 1943 3 Companies That Created Business Value by Digitising Their Supply Chains https://procurementcube.org/3-companies-that-created-business-value-by-digitising-their-supply-chains/#utm_source=rss&utm_medium=rss&utm_campaign=3-companies-that-created-business-value-by-digitising-their-supply-chains Thu, 13 Feb 2020 22:05:23 +0000 https://procurementcube.org/?p=1670 Businesses can achieve substantial growth through leveraging technology, and one of the ways they can do this is by digitising their supply chain. It’s important to recognise that the benefits of this are not just cost-savings, but digital supply chains have the ability to increase business value in a vast range of ways. Here are […]

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]]> 1670 Top 3 Mistakes to Avoid When Thinking About Digitising the Supply Chain https://procurementcube.org/top-3-mistakes-to-avoid-when-thinking-about-digitising-the-supply-chain/#utm_source=rss&utm_medium=rss&utm_campaign=top-3-mistakes-to-avoid-when-thinking-about-digitising-the-supply-chain Mon, 30 Sep 2019 07:46:30 +0000 https://procurementcube.org/?p=1620 In a world that increasingly relies on technology, businesses risk falling behind if they don’t embrace the opportunities that this brings. From new ways of building relationships with customers, to fully-integrated supply chain management, businesses should be looking at how they digitise processes throughout the organisation in order to reap the benefits. I’ve previously written […]

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]]> 1620 Carbon-Neutral Supply Chains: How We Get There Together https://procurementcube.org/carbon-neutral-supply-chains-how-we-get-there-together/#utm_source=rss&utm_medium=rss&utm_campaign=carbon-neutral-supply-chains-how-we-get-there-together Wed, 26 Jun 2019 14:36:53 +0000 https://procurementcube.org/?p=1467 A recent global emphasis on climate change and the disasters facing our planet has made companies more aware of their carbon footprints. As the urgent need for action and remedies arises, more and more businesses are looking to cut down on their environmental impact. The supply chain offers a unique opportunity – according to a […]

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]]> 1467 The Importance of Creativity in Business https://procurementcube.org/the-importance-of-creativity-in-business/#utm_source=rss&utm_medium=rss&utm_campaign=the-importance-of-creativity-in-business Wed, 19 Jun 2019 10:35:03 +0000 https://procurementcube.org/?p=1459 It’s an old saying and perhaps a tired one: the only constant is change. But it’s difficult to ignore how crucial that statement is for business. If companies want to survive, innovation is the only way forward. As the CEO of Symes Group, Jessica Symes, says: “… Change is coming, the robots are here and […]

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]]> 1459 Are You Ready for the Benefits of a Digitised Supply Chain? https://procurementcube.org/are-you-ready-for-the-benefits-of-a-digitised-supply-chain/#utm_source=rss&utm_medium=rss&utm_campaign=are-you-ready-for-the-benefits-of-a-digitised-supply-chain Wed, 29 May 2019 09:21:56 +0000 https://procurementcube.org/?p=1420 We’re living in the age of the fourth industrial revolution, where the world has been transformed by digitisation. If companies want to keep up with the fluid economy around them – a world defined by big data and continuous analytics – they must digitise processes at the heart of their businesses – their supply chains. […]

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]]> 1420 When Saving Money Costs You More https://procurementcube.org/when-saving-money-costs-you-more/#utm_source=rss&utm_medium=rss&utm_campaign=when-saving-money-costs-you-more Mon, 08 Apr 2019 21:03:56 +0000 https://procurementcube.org/?p=1283 Some people believe that a procurement strategy is simply a cost-saving gimmick: it analyses your business and sees where you can trim the fat to make a leaner and meaner organisation. But a good procurement strategy does a lot more than that. It isn’t always about cutting costs. There are many other ways Business Focused […]

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