article thumbnail

Procurement and Sustainability: A Harmonious Partnership for a Greener Future

Procurement Templates

For example, a product with a lower purchase price may have higher long-term operational and disposal costs. Conclusion Procurement and sustainability are no longer separate entities but rather intertwined components of a modern, responsible business strategy.

article thumbnail

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top supply chain trends in retail for 2023

IBM Supply Chain Blog

The study also found that purpose-driven consumers (those who “choose products and brands based on how well they align to their values”) now represent the market’s single largest segment, eclipsing value-driven consumers who make purchasing decisions based on price.

article thumbnail

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.