Remove Guidelines Remove Procurement Remove Sourcing Remove Supply Chain Disruption
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Unlocking Success: Why Strategic Sourcing Is Important for Your Company

Precoro

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

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Crafting a Procurement Management Plan to Mitigate the Impacts of Inflation

Precoro

Escalating expenses associated with rising prices of raw materials, finished goods, third-party services, and labor along the entire supply chain expose businesses to a heightened threat of margin reduction. In this article, we will discuss how a robust procurement management plan can help address and mitigate the effects of inflation.

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Sustainable procurement: Everything You Need to Know

Precoro

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

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Sustainable Supply Chain Best Practices: How to Get Started 

Logility

They also improve long-term access to resources for the entire enterprise by helping you to avoid unplanned supply chain disruptions caused by legislation or climate change. Map out your supply chain. To understand the sustainability impact of your business, you need to map out your supply chain.

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Five Foolproof Ways to Shorten the Cash Conversion Cycle

Precoro

Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. Higher chance of heavy reliance on external financing sources, such as loans or credit lines. According to The J.P. But how can companies unlock this capital?

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How To Overcome The Current Supply Chain Disruptions As A Manufacturer

Precoro

Keep reading to find out more about: What supply chain disruptions are Causes of supply chain disruptions Examples of supply chain disruptions Impact of supply chain disruption How to overcome disruptions in the supply chain What are disruptions in global supply chains?

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8 key benefits of effective supply chain management

6 River Systems

Today’s global supply chains are increasingly complex, making a data-driven approach to supply chain management a must. Data-driven SCM provides visibility from end to end for monitoring the flow of information, services and goods from procurement to manufacturing and delivery to the end consumer.