Legacy categorization of products into direct and indirect goods hamper the focus on identifying common grounds and gaining resiliency. When products don’t arrive at the right place, the right time and the right quality, both in-bound supply chain planners and procurement buyers face unplanned plant shutdowns or upset customers. One area where there is a common ground for procurement and in-bound supply chains is to drive resiliency in operations and ensure business continuity. This approach results in inefficiencies, higher costs, and missed opportunities. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. In today’s dynamic and unpredictable business environment, companies face various challenges such as changing consumer demands, global uncertainty, and the impact of natural and man-made events.
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