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While many manufacturers rely on ERP systems for procurement, these platforms are designed for broad business management rather than the intricate demands of sourcing, supplier collaboration, and cost control in a manufacturing environment.
Clearly these are breakdowns in end to endSupplyChainManagement which impact on nature and our environment. A lack of business and government focus on managing impacts to nature will result in further, and irreversible, degradation to nature and to our biodiversity, and by extension to the global economy.
Refer back to the table we showed earlier on “Food Waste by SupplyChain Stage” If you scan down the column entitled “Potential Remedies” you can quickly see where SupplyChain can make an impact. Future technologies also have applicability in helping reduce Food waste.
Ultimately, digital procurement enables organisations to enhance the overall procurement experience, as well as increase efficiencies and transform their end-to-end procurement function. Blockchain can be used across various industries, including both finance and end-to-endsupplychainmanagement.
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