Logistics Viewpoints
SEPTEMBER 22, 2022
At the onset of the Covid-19 pandemic, supply chain disruption became a common phrase in the media. In truth, it went well beyond what was being reported in the newspapers and on TV. Supply chain disruption became a key talking point for just about everyone. Let’s look at a few categories.
Logistics Viewpoints
JUNE 29, 2023
It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. From natural disasters to geopolitical tensions and the ongoing COVID-19 pandemic, supply chains have been significantly impacted.
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Precoro
JULY 15, 2024
The chief procurement officer (CPO) is a senior executive responsible for developing and implementing their organization’s procurement policies, procedures, and strategies. Making sure these purchases are of high quality and compliant with relevant laws and regulations also falls under the CPO’s responsibilities.
Logistics Viewpoints
AUGUST 18, 2021
The phrases “transitory inflation” and “supply chain disruption” have been frequently used in the general and business news media this summer. Certainly, supply chain constraints are a partial cause of the current above trend inflation. However, the CPI report did state, “ the index for used cars and trucks rose 0.2
Precoro
OCTOBER 6, 2022
With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. How often do purchases happen?
Precoro
NOVEMBER 13, 2023
However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. Why Is Purchase Price Variance Important?
Logistics Viewpoints
APRIL 6, 2023
Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.
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