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The Bottom Line

SRM Perspectives on Key Industry Trends

Reasons Why Your Traditional Procurement Strategy Will No Longer Work

Posted by Jim Kurtz on Oct 27, 2021 1:00:00 PM

The modern supply chain is made up of an incredible network of different industries across the globe that make deliveries to companies and customers in a matter of days. Yet, since early 2020, it has been evident that even the simplest and most streamlined systems are subject to major issues. 

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Topics: Procurement Consulting, Procurement

How to Overcome Coronavirus Economic Effects in Manufacturing

Posted by Jim Kurtz on Oct 11, 2021 2:07:00 PM

A bit over 18 months have passed since the majority of the globe locked down due to COVID-19. As we continue to acclimate and adapt to the ongoing pandemic, we see some signs of recovery. The manufacturing and packaging industries, however, continue to struggle in many areas. These struggles have required procurement executives to become more agile and diverse in their approach to finding the most cost-effective packaging while also problem-solving when others come up short.

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Topics: Manufacturing, Vendors & Contracts, Contract Management, Contracts