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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

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Sourcing and Procurement: One but Not the Same

Precoro

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

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A Balancing Act: Drive Sustainability while Managing Cost and Risk

ivalua

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. FCL is a wholesaling, manufacturing, marketing and administrative cooperative that has been recognized by a wide variety of awards.

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9 Ways Manufacturers Can Develop More Sustainable Products

Arena Solutions

As vulnerable as our planet is becoming, individuals, governments, and businesses are feeling the pressure to make changes using new concepts and frameworks that focus on creating products and services that are more sustainable and more circular. Using renewable energy sources that can create long-term sustainable energy consumption.

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Build Supply Chain Resilience with a Diverse Sourcing Strategy 

Logility

Developing Diverse, Resilient Sourcing Strateg ies. Vetting all the tiers of the supply network has never been more important, especially when addressing growing expectations for social accountability, environmental responsibility, and financial reliability to establish a responsible sourcing network.

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Technology Improves Manufacturing Disaster Preparedness

DELMIA Quintiq

Disaster preparedness is imperative everywhere, but that goes double for the manufacturing industry. Predictive Analysis for Shipping. With the right application of intelligent technologies, manufacturers and supply chain partners can more easily make proactive decisions, like diverting vessels and making other route changes.

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Helping Companies Identify Environmental Sustainability Opportunities

Arena Solutions

Since 1970, EARTHDAY.ORG continues to raise public awareness and concern about conservation and sustainability for planet Earth. In the spirit of Earth Day, PTC signed the Science Based Targets initiative (SBTi) commitment letter acknowledging the importance and urgency of sustainability and lowering greenhouse gas emissions.