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4 Ways Supplier CSR Ratings Can Help SRM Systems Capture $550 Billion Opportunity

EcoVadis

Supplier Relationship Management SRM represents a giant $550 billion opportunity for procurement to create value according to this recent Digital SRM Research Report from our partner State of Flux. Also looking at suppliers’ sourcing practices gives a view to the supply chai n tiers below.

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Five Predictions (About Prediction) that Every Procurement Professional Should Consider

Supply Chain View from the Field

Other indicators included data pulled from the Federal Reserve economic database, the Producer Price Index, the Purchasing Managers Index, as well as internal metrics such as the size of the company’s own sales force. Organizations are finding a critical shortage of talent for many of the roles they are seeking.

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Handfield’s Top Supply Chain Predictions for 2016

NC State SCRC

In other words, many supply chain and purchasing solutions looks at historical transaction activity (what happened in the past and is captured in our ERP systems). To understand what data you need requires first building the right research question.