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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

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Driving Sustainable Supply Chain: Strategies for Enhanced ESG Performance

Procurement Academy

Environmental, social, and governance (ESG) considerations have become a vital component for modern businesses, with increasing scrutiny on companies to achieve goals related to sustainability and ethical business practices. A notable company famed for its commitment to sustainable procurement is the Swedish furniture conglomerate Ikea.

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‘Emission’ Impossible – What are the 4 Steps to Ensuring Supply Chain Sustainability?

ivalua

In recent years, sustainability has increasingly become a top priority for many organisations. With this in mind, our research found far too few European suppliers are being regularly assessed on sustainability practices, with less than a quarter (24%) seeing themselves routinely measured on carbon emissions.

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How can Procurement be used to Improve Compliance?

ProcurePort

Procurement as a Compliance Driver: Thorough vendor due diligence is essential, encompassing financial stability, adherence to labor laws, environmental practices, and ethical conduct. appeared first on ProcurePort Blog.

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Iron Sustainability into All Tiers of Your Apparel Supply Chain

Logility

9 critical tips for increasing supply chain sustainability in the apparel industry. Sustainability is good for the environment, workers, and your bottom line. Building sustainability into the apparel supply chain requires working with both first-tier and lower-tier suppliers. Only work with suppliers committed to sustainability.

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6 Ways Energy Companies Can Benefit from Procurement Technology

EC Sourcing Group

The energy sector faces several unique procurement challenges, such as complex supply chains, volatile commodity prices, strict regulatory requirements, and the need for sustainable and socially responsible sourcing. Cost Optimization : Commodity prices in the energy sector can be highly volatile.

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Enhancing Procurement Excellence Through the Power of Negotiation

Procurement Academy

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.