Sat.Dec 10, 2022

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Payment Times Act to be reviewed, 7/10 businesses being paid late

PASA (Procurement and Supply Australasia)

The Federal Government will conduct a review of the Payment Times Reporting Act, led by former Labor minister Craig Emerson. . It comes after almost seven in ten big businesses are failing to pay their smaller counterparts on time. . Analysis by the Australian Small Business and Family Enterprise Ombudsman reveals small businesses are being paid late.

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Centralized vs. Decentralized Purchasing: Know What’s Best for Your Business

Pipefy

The purchasing process is a critical element of a company’s overall procurement department. No matter the size of your company, how you structure your purchase process has a direct impact on your company’s ability to control costs, manage risks, and maintain process resilience as supply chains evolve. Below we’ll explain the types of purchase models, the differences, advantages and disadvantages, and how to determine which model is best for your procurement department.

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Pallet shortage splintering supply chain

PASA (Procurement and Supply Australasia)

At a time when supply chain disruptions are at an all time high, a shortage of wooden pallets is adding more splinters to the strain Down Under. . Small and medium businesses could be faced with delays in the delivery of essential consumer goods over Christmas including groceries and food, Sky News and the Australian have reported. . The Freight and Trade Alliance told Sky the shortage, dubbed “pallet gate”, is reaching a peak at the wrong time of year. .