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Crafting a Procurement Management Plan to Mitigate the Impacts of Inflation

Precoro

As the department overseeing an organization's external expenditure, procurement is responsible for softening the impact of inflation. In this article, we will discuss how a robust procurement management plan can help address and mitigate the effects of inflation. Procurement methodology. Budget and funding.

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Procurement Synonyms: All The Words You Need to Know in 2023

SCMDOJO

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. Using a variety of synonyms can help to enrich communication, eliminate redundancy, and broaden your vocabulary.

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Great Career Advice from Industry Leaders!

Supply Chain Game Changer

Whether you are a student, at the beginning of your career, or an expert sought after by others, we can all continue to learn from others. Bryce Boothby, Board Advisor and Consultant. Try to never get stuck in your functional silo. What you use in the first 10 years of your career will change dramatically by the time you retire.

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How to prepare for a transparent supply chain in 2021

SupplyShift

Now, your business is faced with the challenge of meeting those expectations. And in order to do so, you need to drastically increase transparency in your supply chain. With better transparency, you’ll be better positioned to deal with disruptions from the next force majeure event. Then break them into subsequent steps.

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Incorporating Supplier CSR Ratings In The Sourcing Process: The Basics

EcoVadis

Today we welcome a guest blog post from procurement practitioner. Alis Hemmingsen, Category Manager at Velux, who also blogs at Responsible Procurement Excellence. Finding, evaluating and selecting suppliers is a process which is key to any procurement professional. Understand the Facts, and the Market. Spend per supplier.

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If you can measure it then you can manage it

Claritum

Claritum Article - Procurement Blog. If you can measure it then you can manage it” This statement is so true in the procurement field. Whether you are focused on controlled growth or cost efficiencies, the ability to measure what is occurring in real time is essential to making decisions. Introduction. Conclusion.

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Energy and Labour Costs: 2 Top Warehousing Challenges in 2023

Logistics Bureau

However, in this article, we’ll focus exclusively on the cost factor, drawing your attention to some questions you might ask yourself (and your team) about your facility’s energy usage. But don’t worry too much if that’s not practical for your enterprise.