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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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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

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Happy Groundhog Day

Supply Chain Shaman

On February 2, in a small town in Punxsutawney, Pennsylvania on Gobbler’s Knob, an unsuspecting furry Groundhog is plucked from a burrow to predict the weather for the rest of the winter. Defining a solution to close the gaps are not so easy. The network solutions have been through a series of vicious M&A cycles.

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Only as Good as Your Data: Why Supply Chain Digital Twins Require Real-Time Data Unification

ToolsGroup

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. There are so many teams and departments and supply chain nodes, all with their own systems and solutions. They enable planners to perform scenario planning, which is essential in the age of unified commerce.

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Sustainable Food Waste Management for Food Industry SMEs

Unleashed

Let’s look at how smart food businesses can reduce their waste – and how the right food manufacturing software helps them do it. Spent coffee grounds are also being converted into pellets, to create a source of renewable fuel that can be used in wood-burning stoves. What is food waste management?

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Barcoding: The Holiday Lifesaver

AB&R

With the holidays around the corner and current events driving the number of online purchases to new heights, barcoding technology is more essential than ever. However, the need to quickly move customers through the purchasing process is not unique to today’s times. Sources Cited. [1] Faster data entry. HAVE QUESTIONS?

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History and Evolution of Supply Chain and Logistics

SCMDOJO

Also, traditional logistics focuses its attention on activities such as procurement , distribution, maintenance, and inventory management. However, topics such as logistics, logistics, physical sourcing and supply chain management are not included in these courses. NAPM published a new magazine, Purchasing Magazine, in 1965.