Remove Business strategy Remove Purchasing Remove Sourcing Remove Supply chain resilience
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Procurement and Sustainability: A Harmonious Partnership for a Greener Future

Procurement Templates

Procurement, traditionally seen as a function focused on sourcing goods and services at the best possible prices, has now evolved into a strategic driver for sustainability. This transformation is not merely a trend but a necessity, as businesses recognize the profound impact they have on the planet and society at large.

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How do rising interest rates and inflation affect global supply chains?

EazyStock

Supply chain infrastructure investment reduces. High interest rates make it less appealing for businesses to make long-term investments in their supply chain infrastructure, such as building or purchasing new warehouses or storage facilities, updating vehicles and transport or digitalizing supply chain systems.

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Procurement Metrics: Key Performance Indicators for Success

Empowering CPO

The Importance of Procurement in Business Procurement is the lifeblood of any business. It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. This can range from raw materials for production, to office supplies, to strategic partnerships.