Crafting a Procurement Management Plan to Mitigate the Impacts of Inflation
Precoro
JANUARY 29, 2024
The inflation rate can vary greatly by location — for instance, in 2023 it was 3.4% in the Czech Republic. Escalating expenses associated with rising prices of raw materials, finished goods, third-party services, and labor along the entire supply chain expose businesses to a heightened threat of margin reduction.
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