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What Is PPV? Purchase Price Variance Explained

Precoro

However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. Why Is Purchase Price Variance Important?

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Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Logistics & Supply Chain Management Society

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

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Human Rights Day 2023

Enterra Insights

Fulfilling documentation and reporting obligations. Thomas Lobert , a Solutions Consultant with Descartes, explains, “[Forced labor] can happen any time in the supply chain: from sourcing raw materials to manufacturing products, including distribution. The post Human Rights Day 2023 first appeared on Enterra Solutions.

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The Top 5 Skills Every Procurement Manager Needs

Precoro

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

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Automating Procurement and Supplier Relations to Alleviate ESG Concerns

QAD

It is no secret that procurement executives are constantly seeking innovative ways to maximize efficiency and address unexpected supply disruptions. However, procurement is evolving into much more than the most cost effective option since the cheapest option often involves real world atrocities like child and forced labor.

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11 Effective Process Improvement Techniques in Manufacturing

Unleashed

The internal processes of a manufacturer are critical to the success of the overall business. This article breaks down 11 of the most effective process improvement techniques in manufacturing that you can implement in your workplace today. Deep dive: Check out the 2023 Manufacturing Productivity Guide.

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From Requirements to Launch: Arena’s Expanded QMS Capabilities Help Speed Innovation

Arena Solutions

Getting high-quality, compliant products to market is a long and arduous journey for most manufacturers. Regardless of the business, today’s manufacturers are under pressure to innovate faster and gain first-mover advantages while operating under the constraints of stringent regulatory requirements and greater product complexity.