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Supplier Diversity: From Checking the Box to Driving Business Strategy

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Global governments and businesses are now recognizing diversity programs as an effective “ethical” mechanism to increase community engagement and correct systemic issues or historic inequality. However, the ethical justification is no longer the totality of the value proposition. Building Business Cases and Momentum.

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Procurement and Sustainability: A Harmonious Partnership for a Greener Future

Procurement Templates

This involves selecting suppliers and partners who are committed to ethical and eco-friendly practices. Additionally, organizations should work with legal experts to navigate complex compliance issues and ensure that their procurement practices align with legal and ethical standards.

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4 Ways Modern Software will Empower Digital Procurement

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The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line. Modernize your SVM software to deliver on these goals and help your supplier ecosystems be agile, ethical and reliable.

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Supply Chain Collaboration — The Ultimate Guide

Procurement Tactics

The complexity of today’s supply chain makes it more prone to severe impacts from disruptions, just like what happened at the start of the pandemic. . Due to this, many organizations have put supply chain resilience as a top priority. Enhanced ethical standards. Ultimate Supplier Plotting Checklist 2023.

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13 Important Roles of Data Analytics in Supply Chain Optimization

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By analyzing supply chain data, businesses can detect anomalies, potential risks, and deviations from their standard operating procedures. By doing this, they can make corrections fastly which will help avoid costly disruptions and improve supply chain resilience.

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Onventis makes the leap from a ‘Provider to Watch’ to a ‘Provider to Know’ in the 2023 best-in-class procurement solution lists

Spend Matters

This aligns with the broader trend of responsible and ethical procurement practices. The resilience of supply chains will continue to occupy us in the future. Sustainability will continue to be a paramount concern, with organizations seeking environmentally responsible and ethically sourced products and services.

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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

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What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. As Forrester’s VP and Principal Analyst Duncan Jones noted, while avoiding risk is impossible, preparing for it is critical.