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What Is Spend Management and Why Is It Important?

Precoro

Spend management allows for efficient sourcing and procurement, regulated expenses, timely registration of spontaneous purchases, and a reduction of fraud and errors. These purchases might be recurring or occasional, some might be planned, and others pop up in response to sudden changes. Operating vs. Non-operating.

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2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

However, the lessons garnered during the pandemic will likely drive inventory management toward less of a dependency on global-wide sourcing and more toward product postponement sourcing and customer fulfillment strategies. Manufacturing and Supply Chain Activity Levels- Global-wide manufacturing levels as depicted in the J.P.

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Snapshot of 2023 Predictions for Industry and Global Supply Chains- Part One

Supply Chain Matters

Downside risks that include monetary policy miscalculations, an uncertain outcome to the ongoing Russia-Ukraine conflict and further supply network disruptions as a result of more far-reaching spread of Covid variant infection rates across China. Global manufacturing activity as depicted by the J. a 30-month low.

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Supply Chain Risk and My Online Order

Talking Logistics

Things like the multi-nationalism versus globalization trends in recent political policies or terrorist activities come to mind. Is it possible these things have impacted the sourcing, manufacturing, and delivery of my cologne? Is the foreign country’s currency stable? Could political risk impact my cologne order?

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World Trade Organization Predicts Significant Slowdown in Global Trade Next Year

Supply Chain Matters

Supply Chain Matters provides a side panel supplementary update to our prior posted blog highlighting the latest reported September and Q3 global and regional PMI indices that indicate manufacturing contraction has begun. Noted was that 90 developing countries have seen their currencies weaken against the high U.S. dollar this year.

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Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. With globalization, the need to partner with local logistics service providers becomes an imperative.

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A vision for a transparent global Rare Earth Element system using blockchain technology

Provenance

Provenance has partnered with the Swedish Agency for Growth Policy Analysis Agency (Growth Analysis) , to explore how blockchain technology can help to valorise sustainable practices in the Rare Earth Elements mining sector. The result? Nevertheless, over the last few decades the world largely relied on Chinese REE supply.