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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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Unlocking Success: Why Strategic Sourcing Is Important for Your Company

Precoro

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

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How the Semiconductor Shortage Could Have Been Averted

QAD

How can we learn our lessons this time and permanently prevent such large-scale supply chain disruptions going forward? Here are three areas to consider: Ensure your organization’s essential supply chain processes are defined, documented and implemented. Preventing Future Auto Supply Chain Disruptions.

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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. To put it simply, you need to know your suppliers and impose sustainability guidelines on them. But where do you start? Start from the top.

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Human-machine tradeoffs in supply chain decisions (and the LA Port)

NC State SCRC

The current set of supply chain disruptions is bringing increased focus on the need for digital transformation of our supply chains. However, not every supply chain and procurement decision fits neatly into this category.

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3PLs and the Trials of COVID-19

BlueYonder

In addition to establishing company-wide policies, 3PLs must adhere to applicable state and local guidelines for each of their locations. Even as infection curves flatten and government guidelines continue to relax, it will be necessary to keep many of these protective measures in place. Future supply chain disruptions are inevitable.