Remove 2030 Remove Eliminating Excel in Purchasing Remove Global Remove Procurement
article thumbnail

RS Group Achieves Back-to-Back Ecovadis Platinum Medal for Sustainability Excellence

Synovos

The assessment focuses on 21 sustainability criteria that are grouped into four themes: environment, labor and human rights, ethics, and sustainable procurement. RS Integrated Supply was introduced by RS Group in 2022 after combining Synovos and IESA, two procurement and supply chain management companies.

article thumbnail

Supply Chain Performance Declined In the Last Decade. The Question is Why?

Supply Chain Shaman

The myopic focus on IT standardization resulted in the purchase of technology, but not value delivery. Over the last decade, in the building of global supply chains, organizations grew more political with gaming on metrics. Belief in efficient procurement. Over the decade, procurement became more of an island. Mistake #5.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Pushing the Supply Chain Reset Button

Supply Chain Shaman

The global supply chain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. According to figures published last November by the World Semiconductor Trade Statistics (WSTS), the global semiconductor market growth rose from 6.8% increase in 2010, eleven years ago.

article thumbnail

Value-Based Purchasing in Healthcare Explained

Precoro

Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP). In the past 15 or so years, the US, which is known for its complicated and expensive healthcare system, has taken some steps towards value-based purchasing.

article thumbnail

Driving Sustainable Growth Through Supply Chain Resilience

The Logistics & Supply Chain Management Society

The evolving pandemic, growing geopolitical tensions, nervous financial markets and increasing economic uncertainty means supply, both globally and locally, is at the very least, uncertain. In fact, global freight rates have increased tenfold since the start of the pandemic. GLOBAL CRISES DRIVE PRICES SKY-HIGH.

article thumbnail

How Hong Kong is Enhancing its Sustainability Efforts

EcoVadis

Ever since China ratified the Paris agreement, Hong Kong is under the spotlight to align with the global agenda and respond to the increasing stakeholders’ demand on sustainability effort. Hong Kong Awards for Environmental Excellence (HKAEE). Climate Action Plan 2030+. Green Procurement Initiative by the Hong Kong Government.

article thumbnail

AI in eCommerce: Benefits, Use Cases, and Risks

Unleashed

Shoppers can now enjoy more personalised buying journeys, as merchants make it faster and easier to find the products that they’re most likely to purchase. Goods are being produced, procured, and delivered more efficiently with reduced costs. Artificial intelligence (AI) is changing the game for online businesses.