International Federation of Purchasing and Supply Management IFPSM

How should businesses handle rising raw material costs? Use long-term contracts, diversify suppliers, and explore alternative materials. Predictive analytics can help identify cost fluctuations before they impact your bottom line. http://ow.ly/MpKL30sKsIG

Daily Tip: Use performance-based contracts to align supplier incentives with your goals. #IFPSM http://ow.ly/meQA30sF1ti

Whats the best way to establish long-term supplier relationships? Mutual trust, transparent communication, and strategic collaboration ensure long-term supplier success. Consistent performance evaluations help maintain quality and reliability. http://ow.ly/MpKL30sKsIG

Daily Tip: Foster a collaborative relationship with suppliers to drive mutual growth. #IFPSM http://ow.ly/meQA30sF1ti

Which digital tools should every procurement manager know? From AI-driven demand forecasting to cloud-based SRM platforms, embracing technology enhances procurement efficiency, transparency, and decision-making. http://ow.ly/MpKL30sKsIG

Daily Tip: Implement lean procurement principles to reduce waste and improve efficiency. #IFPSM http://ow.ly/meQA30sF1ti

How can procurement teams reduce costs without compromising quality? Apply strategic sourcing, negotiate bulk discounts, and optimize inventory management. Implementing AI-driven analytics helps identify waste and inefficiencies. http://ow.ly/MpKL30sKsIG

Daily Tip: Use spend analysis to identify and eliminate unnecessary expenditures. #IFPSM http://ow.ly/meQA30sF1ti

We are thrilled to invite you to the 2025 IFPSM World Summit, held from September 14 to 16, 2025, in the beautiful city of Xiamen, China. This is a milestone event, as we return to China after 20 years since the last World Summit in 2005. The 2025 IFPSM World Summit promises to be a landmark gathering for global procurement, logistics, and supply chain management professionals, offering an unparalleled platform to exchange ideas, share knowledge, and drive the industry forward. The event will be hosted at the Xiamen International Convention and Exhibition Center, a stunning venue with world-class facilities and breathtaking coastal views. Registration is now open! Please visit our official website at https://lnkd.in/dDSuTbBG for more details and to secure your spot at this event. We invite IFPSM members, colleagues, network members, and enterprises to this extraordinary Summit. We also encourage you to bring your family to explore the beauty of China during your stay. If you plan to stop in cities like Beijing or wish to include a short trip as part of your journey, don't hesitate to contact us. We are designing special travel packages to make your visit even more memorable. Furthermore, we are excited to feature leading professionals and experts from across the globe as speakers at the summit. We would love to hear from you if you would like to recommend top experts from your country. (Please get in touch with us to check the availability) If you have any questions or need assistance, please get in touch with Mr. Shuhuai Xiao at shxiao@aliyn.com or Ms. Saana Rantanen at saana.rantanen@ifpsm.com. We look forward to welcoming you to Xiamen, China, from September 14 to 16, 2025, for an unforgettable experience! https://lnkd.in/dDSuTbBG #IFPSM2025 #WorldSummit #Procurement #SupplyChainManagement #Logistics #Xiamen #GlobalNetworking #Conference2025 #BusinessEvents #IndustryExperts

Daily Tip: Develop a supplier code of conduct to ensure ethical practices. #IFPSM http://ow.ly/meQA30sF1ti