Supply Chain Management

Procurement Pro Supply Chain Management
Supply Chain Management

Supply Chain Disruption, Inflation, and a Chance for Procurement to Change

It was the worst of times, and then it got even worse. That’s the reality of the supply-chain disruptions during the past few years rapidly evolving from a reliable supply and stable pricing to soaring inflation and never-ending disruptions of virtually every type. Somehow, our behavior surrounding disruption tends to be consistent. There’s a significant challenge,

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Supply Chain Management

3 Sources of Risk Procurement Leaders Face

In the past, supply chain professionals had some clear tasks, all revolving around the sourcing of products. Professionals were in charge of managing the flow of the resources and products all the way to delivery. Today, their jobs have gotten…well, riskier than ever. Nearly every industry is faced with a supply chain challenge these days,

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Supply Chain Management

Can There be Procurement Sanity When the Supply Chain is a Hot Mess?

Over the past few years, supply chains have had virtually everything thrown at them: tariffs, a pandemic, inflation, transportation/logistics nightmares, inability to find staff, and even war. For the most part, these disruptions came out of nowhere, suddenly causing devastating results. This dynamic environment has challenged the post-professional and advanced procurement teams what is it doing

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Supply Chain Management

Rare Earth Scarcity Adds Fuel to Supply Chain Fires

Chip manufacturers can’t seem to catch a break. Tariffs, pandemics, transportation challenges, and now war have impacted rare earth availability, exacerbating supply chain chaos. Rare Earths and Tech Apps War in Ukraine hampers the availability of such rare earths as neon, krypton, and xenon, all used in semiconductor manufacturing. Krypton is a noble gas used

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Supply Chain Management

Why APIs are the Answer to Your Procurement Woes

Since the invention of the relay, buying electronic components has been a manual process. Enter 2022, after two years of a pandemic and untold supply chain disasters and shortages, and many buyers are taking a new look at what can be done, including: Modifying the time it takes for purchase approvals Streamlining the quotation process

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Supply Chain Management

How to Nail Procurement Efficiency

Okay, we all know that there are levels of efficiency and that if you have inefficiencies going on now, things won’t be fixed overnight. Efficiency requires process streamlining, documentation, optimization, naturally automation and also just getting a real grasp on your current status. Being honest about what you need to improve and how you stack up

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Supply Chain Management

Supply Chain-gers

For supply chains, it’s often knee-jerk reactions to the disaster-du-jour that point out the need for rapid, tangible change. But, as we’ve recently seen, disruption in the form of pandemics, natural disasters, and transportation woes are becoming the impetus for examining what the future has in store. Here we’ll discuss a few areas where change

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Supply Chain Management

Rare Earth Elements and the Supply Chain

Rare earth elements are not necessarily rare but are precious and difficult and expensive to mine and separate. Essential to many emerging technologies, they are often classified by the U.S. government as being critical to national security. They are also important to such industry segments as clean energy, electronics, and medicine. There are seventeen rare

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Supply Chain Management

Supply Chains From Henry Ford to Artificial Intelligence

There is no recognizable similarity between the first supply chain in history and today’s complex and Artificial Intelligence (AI)-driven counterpart. One hundred years ago, assembly lines enabling mass production were implemented by Henry Ford, supporting the production of consistent products on a large scale. Today’s global supply chains are based on multiple organizations, processes, and

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Supply Chain Management

These Supply Chains are Rocket Science

Terrestrial supply chains are pretty well evolved. They’ve been the focus for decades now to improve efficiency, lower cost and minimize disruptions. As advanced as these systems now are, transitioning them to deep space requirements represents a critical gap that must rapidly be filled. It was one level of complexity when supplying MIR, Skylab (albeit

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