Procurement League

Our Community, Our Strength: Happy Thanksgiving In the rhythm of business, Thanksgiving offers us a pause - a moment to acknowledge the extraordinary community we've built together. Your partnership shapes our story. Your trust fuels our innovation. Your success defines our purpose. As we look to 2025, we're inspired by the possibilities our continued journey together holds. May your Thanksgiving be filled with joy, gratitude, and meaningful moments with loved ones. Celebrating gratitude and partnership, Procurement League Team

??Will you be in Paris 11 & 12 December ? Why not join us at the ISG (Information Services Group) SourceIT for?actionable sourcing insights, thoughts on disruptive IT and business trends, real contract and deal data, and case studies on what gets results (and what doesn’t). ????To learn more about the event and secure your spot, click here? ???https://lnkd.in/gQN8_u-4 ? * Registration is complimentary for enterprise organizations only. #isgsourceIT #event #sourcing #procurement

???????????????? ???? ???????? ???????????? ?????? ?????????????????? ????????-???????????? ???????????????????? ?????? ??????????? ??? ? In Part 6 of our report, we explore the factors contributing to rising ramen prices and propose strategies to help manufacturers mitigate costs.? ? ?????????????? ?????? ?????????? ????????????????:? ?Vegetable Oil Prices: The war in Ukraine has significantly impacted vegetable oil prices, especially palm oil, which is commonly used in ramen production.? ? ?Dehydrated Vegetables: Price fluctuations in dehydrated vegetables due to weather conditions and transportation challenges have also contributed to rising costs.? ? ?Wheat Flour: Wheat prices, primarily affected by the war in Ukraine, have further driven up ramen production costs.? ? ?????????????????? ???????? ???? ???????????? ??????????:? ?Streamline Broth Production: Use bulk ingredients and optimize cooking times to reduce energy consumption during broth preparation.? ? ?Cost-Effective Packaging: Explore lighter-weight packaging materials that maintain product integrity but lower overall packaging costs.? ? ?Stay tuned for more insights into cost trends across products like cookies, orange juice, and coffee in our upcoming reports.? ? #procurementleague #costreduction #ramenindustry #wheatpriceimpact #foodindustrytrends

?????? ?????????????????????? ???????? ???????? Decoding the News: Key Insights from the News Article ? Below are the links to the respective news articles: 1. Boosting supplier collaboration: Molex’s digital supply chain journey? https://lnkd.in/g9WybKmd 2. Sean Duffy Nominated as U.S. Department of Transportation (DOT) Secretary, Freight Leaders Show Support https://lnkd.in/gnKG_xen 3. Pickle Robot Company Raises $50M to Transform Truck Unloading with AI? https://lnkd.in/gPceeruT 4. Procurement and Supply Chain Strategies - PSC LIVE London https://lnkd.in/gQ2H7qWn #procurement #procurementprofessionals #procurementleaders #newsupdate

Centralized vs. Decentralized Procurement: Finding the Right Balance Introduction Organizations face a critical decision in structuring their procurement processes: whether to centralize or decentralize. Each approach offers distinct advantages and challenges, and many companies opt for a hybrid model to maximize benefits. Centralized Procurement In a centralized model, all purchasing decisions and processes are managed by a single central authority within the organization. Decentralized Procurement In this model, individual departments or locations have the authority to make purchasing decisions based on their specific needs. Finding the Right Balance Many organizations find that a hybrid approach, combining elements of both centralized and decentralized procurement, can offer the best of both worlds. This might involve: ? Centralizing strategic sourcing and vendor management ?Allowing decentralized purchasing for specific categories or within defined parameters ?Implementing centralized policies and technologies while enabling local execution ?The optimal structure depends on various factors including company size, industry, geographical spread, and organizational culture. #procurement

?????? ?????????????????????? ???????? ???????? Decoding the News: Key Insights from the News Article ? Below are the links to the respective news articles: 1. Three Months To Go Until PSC LIVE Singapore 2025 https://lnkd.in/g6WU6KWp 2. Amazon Smart Glasses Aim to Speed Up Last-Mile Deliveries: Reuters 12 Nov https://lnkd.in/gzTAcP4k 3. Unlocking Efficiency: The Future of Mexico LTL Consolidation in the Golden Triangle - https://lnkd.in/g6gJvzjY 4. Steve Madden to slash China sourcing as tariff concerns escalate – 12 Nv https://lnkd.in/gyNggHSy #procurement #procurementprofessionals #procurementleaders #newsupdate

?????????????????? ?????? ?????????????????? ???? ?????????? ?????????????????????? ???? ?????? ??????: ???????? ????. ???????? ?? Our latest report highlights the significant price increases in essential raw materials for pizza, such as flour, tomatoes, cheese, and spices. With inflation driving up costs, Here are a few ways businesses can reduce expenses: ???????????????? ???????????? ????????????: Streamlining logistics and reducing waste can help lower overall costs. ???????????????? ????????????????????????: Exploring alternative suppliers or ingredients can offer more cost-effective options. ???????? ????????????????????: Buying in larger quantities can secure better pricing and reduce per-unit costs. ???????????? ????????????????????: Implementing energy-saving practices in production can reduce operational costs. Stay tuned for deeper insights on these strategies, along with trends across products like Cupcakes, Coffee, Orange Juice, and many more! #industryInsights #inflationimpact #costreduction #procurementtrends

?????? ?????????????????????? ???????? ???????? Decoding the News: Key Insights from the News Article ? Below are the links to the respective news articles: 1. People Moves: Dennis Muldowney, Crown Worldwide Group? https://lnkd.in/gR-6bQmr 2. FedEx rolls out rate discounts through Pitney Bowes, Auctane platforms https://lnkd.in/ggqPJ2nY 3. Port Authority of NY/NJ Secures $347 Million for Clean Tech Upgrades? https://lnkd.in/gFHbeNs7? 4. Siemens Sells Logistics Business to Vanderlande for $325 Million? https://lnkd.in/gMaXGPTn #procurement #procurementprofessionals #procurementleaders #newsupdate

Cash Flow Magic: How Procurement Turns Purchases into Profits Unlock the hidden potential in your company's wallet Transform everyday buying into a strategic financial advantage Procurement: Your secret weapon for working capital optimization ? Balance inventory like a tightrope walker ?Keep just enough, never too much ?Turn static stock into fluid assets ?Master the art of payables juggling ?Catch early payment discounts ?Extend terms without straining supplier relationships ?Accelerate cash inflows with receivables wizardry ?Craft credit policies that work for you, not against you ?Speed up invoicing, pump up your cash flow Learn how smart procurement practices can: ?Boost liquidity ?Slash costs ?Strengthen your financial foundation ?Turn your procurement team into financial alchemists Where every purchase builds your bottom line And every supplier negotiation feeds your cash reserves Discover the power of procurement-driven working capital management Because in business, cash isn't just king—it's the whole kingdom #procurement #workingcapitaloptimization

?????? ?????????????????????? ???????? ???????? Decoding the News: Key Insights from the News Article ? Below are the links to the respective news articles: 1. 3M pushes for better delivery performance https://lnkd.in/gqMxZ9Sp 2. Owners of ship that slammed into Key Bridge settle with DOJ for $102M – https://lnkd.in/gxq2DnHZ 3. Royal Mail Adopts Wiliot Tags to Track and Reduce Carbon Emissions https://lnkd.in/gDS4Km6z 4. Trick or Treat: Inside the $11.6bn US Halloween Supply Chain https://lnkd.in/eZQfHu-x #procurement #procurementprofessionals #procurementleaders #newsupdate