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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. Objectives and scope.

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How to Navigate ESG Risk with Supplier Management Software

QAD

As I explained in a recent article on Supply & Demand Chain Executive , organizations that leverage supply chain digitization will be the most likely to succeed. With statistics like these, it’s clear that ethical sourcing isn’t just important from a legislative and trade compliance perspective, but is simply the right thing to do.

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Editor’s Choice: What Supply Chains Must Overcome to Deliver on the Consumer Promise

Logistics Viewpoints

This article is from Michael Balint at Solvoyo and looks at the fresh produce supply chain. In a Sept 2022 Deloitte article, they maintain that “perishability is still relevant but now more of a pocketbook issue. Sourcing is not only from traditional farms but also from controlled environment agriculture (e.g.,

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What is Retail Software? Types, Benefits, & Features

Unleashed

Retail software is a range of technological solutions that can help retailers improve customer satisfaction, profitability, efficiency, and productivity by streamlining manual tasks. Retail software automates critical business processes in a way that traditional systems cannot. What is retail software?

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Direct vs. Indirect Procurement: Key Differences Explained

Precoro

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

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Sustainable procurement: Everything You Need to Know

Precoro

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

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Supplier Relationship Management in a Time of Fragmented Supply Chains

QAD

As the supply chain breaks, manufacturers must find new suppliers and new transport routes and find them rapidly, so that production doesn’t come to a halt. Global supply chains are suffering from what a recent research article from J.P. Potential U.S. Supplier visibility provides analytics and insights to inform your strategy.