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Procurement Compliance Explained: Examples, Challenges, and Best Practices

Precoro

Companies often push aside procurement compliance to focus on more pressing issues. No wonder—procurement often gets tedious and burdened with time-consuming processes. However, ignoring procurement compliance is like ignoring a ticking time bomb. Scroll down to find out: What is procurement compliance?

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Reflection: The Journey to be Market Driven

Supply Chain Shaman

In 2002, I had the opportunity to work with General Mills. ” At that time, the sales organization used more point-of-sale data than their competitors, they had an impressive and innovative IT team, and their supply chain processes were what I considered best-in-class. It does not fit into traditional supply chain models.

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The Financial World and SOX Compliance: A Vital Intersection!

Supply Chain Game Changer

At its core, ensuring transparency and integrity in financial reporting remains paramount. Instituted in 2002, SOX has transformed the financial world, setting stringent reforms to protect investors from fraudulent financial practices through SOX compliance. However, they’ve also introduced new complexities.

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Uh-Oh! Insights On How P&G Failed And What This Means For You

Supply Chain Shaman

Supply chain excellence is easier to say than to explain. Executive teams strive to drive improvement in supply chain results; yet, sadly, only four percent of public companies succeed. The supply chain is a complex non-linear system. Understanding this relationship requires modeling. The reason?

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Are You Active in the Digital Transformation Drinking Game?

Supply Chain Shaman

Today, fewer and fewer supply chain professionals make the event. To make the event profitable, SAP Insider now combines supply chain, customer relationship management, human resource management, and product life cycle management. I remember attendance for the supply chain event was 5,000. It worries me.

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Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” The supply chain is a complex system with increasing complexity.

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Logility Powers Sustainability-Minded Brands with Advanced Supply Chain Technology and Resources

Logility

ATLANTA – January 25, 2022 – According to PWC’s December 2021 Global Consumer Insights Pulse Survey , about half of respondents consciously consider factors related to sustainability when making purchasing decisions. Logility, Inc., Logility, Inc., About Logility.