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Crafting a Procurement Management Plan to Mitigate the Impacts of Inflation

Precoro

The inflation rate can vary greatly by location — for instance, in 2023 it was 3.4% As the department overseeing an organization's external expenditure, procurement is responsible for softening the impact of inflation. It also serves as a roadmap for how the organization will conduct its purchasing activities.

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Ten Supply Chain Predictions for 2023

NC State SCRC

As we go into the first week of 2023, many are wondering what’s ahead for global commerce and supply chains. As I’ve done in prior years, I’ll make a few predictions based on what happened in 2022 – and what I think it means for 2023. Growth in 2023 will be positive – but lean.

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Risk Management in Halal Supply Chains

The Logistics & Supply Chain Management Society

Also Malaysia has dedicated halal parks, 22 in total, supported by halal park guidelines and incentives. You cannot rely solely on a general management risk reports but also need to develop a specific view of risks, such as halal risks.

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Why You Should Conduct Internal Quality Audits

Arena Solutions

billion in 2023. billion in 2023. However, one crucial caveat to all this growth and opportunity is that—you need to follow industry compliance guidelines and deliver on quality. Leveraging internal audits to align quality management with key business metrics When asked what are the benefits of conducting an internal audit?

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GAAP for Accounts Payable: What it is and why it's important

Precoro

Accurate financial reporting is crucial for maintaining transparency, complying with laws and market regulations, and building trust in relationships with suppliers, creditors, and investors. Let’s take a look at how following standardized guidelines can benefit companies and, specifically, their AP departments. What is GAAP?

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The supply chain process: Step by step

Taulia

Blog Expert Advice 8 min read 26 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard The supply chain process: Step by step The supply chain process influences how effectively you manage costs, mitigate risks, and meet customer expectations.

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Supply Chain Matters This Week in Supply Chain Tech November 6 2023

Supply Chain Matters

Featured names in this latest edition include Jabil and ProcureAbility , JAGGAER and Trustpair, Coupa and project44 executive hires and a newly issued Biden Administration Executive Order addressing Generative AI technology development and threats. Our previous full news capsule edition was published on October 25, 2023.