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Procurement transformation 2025: Why invest in procuretech and how to make the case – Prewave

Spend Matters

In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys.

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Effect of Working With CNC Machines on your Supply Chain

SCMDOJO

Whether you outsource or buy one, working with one of these machines will greatly speed up your supply chain. Thanks to CNC machine technology, traditional manufacturing supply chains are gradually disappearing. Machine parts manufacturing companies must rely on their supply chains to obtain and transport raw materials.

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The Impact of Audio Translation in Cross-Border Supply Chain Crisis Management

SCMDOJO

In the hyper-connected global economy of the present day, supply chains traverse continents, cultures, and myriad communication barriers. Having access to an audio translator can be the difference between quick resolution of issues and ballooning interruptions throughout the supply chain.

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Commodity Trading — Everything You Should Know

Procurement Tactics

Commodities are Tangible products, which usually refer to raw materials that are used as inputs in producing other goods and services. Commodity Trading is the exchange of essential raw materials and goods. It follows the principles of supply and demand as it is the driving force of commodity markets.

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What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

Market Fluctuations and Inflation : External factors such as inflation, rising raw material costs, and global supply chain disruptions have a significant impact on procurement costs. Inflation has always been a top concern for higher management, as it is beyond the control of both suppliers and buyers.

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Blanket Purchase Order – Everything You Should Know

Procurement Tactics

A purchase order is simply a document that a buyer sends to a supplier to request goods or services, which outlines the order’s details, including the quantity, price, delivery, and payment terms. First, it ensures clear communication between the buyer and the supplier, eliminating potential misunderstandings or disputes.

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Private Equity’s Impact on Supply Chain Innovation and M&A: Legal Risks & Insights

SCMDOJO

How Private Equity Shapes Modern Supply Chains Money from private equity doesnt just change ownership. Picture a logistics firm suddenly equipped with cutting-edge software that tracks shipments in real time, often thanks to fresh investment. Unwinding those can slow a deal and spark disputes if the terms are unclear.