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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

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per cent in January 2023, down from 9.2 It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. Eurozone annual inflation was down 8.5 per cent in the previous month.

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Procurement Rising: The Silent Inflation Tax on Manufacturers

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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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CTA

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CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time? Meanwhile, the pace of business is accelerating, requiring organizations to be more responsive and agile.

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A Balancing Act: Drive Sustainability while Managing Cost and Risk

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Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time?

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Rivian: Navigating Supply Chain and Operational Challenges and Embracing Growth

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Furthermore, the company aims to establish an exclusive charging network across the United States and Canada by the end of 2023. However, this initial success was soon overshadowed by a series of setbacks and challenges that Rivian had to navigate through mainly related to supply chain and production.

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4 Key Trends Reshaping Manufacturing Procurement in 2024

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According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor markets, and rising costs. Another report found that 50% of respondents are investing in AI to improve employees’ use of time and allow for more high-value work. Reduce complexity.