article thumbnail

What does the German Supply Chain Act Mean for Procurement?

ivalua

The German Supply Chain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. In Germany, this figure amounts to approximately 3,000 companies and requires them to conduct due diligence to identify and address potential risks in their supply chain.

article thumbnail

Supply Chain Department – A Typical Structure

SCMDOJO

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

professionals

Sign Up for our Newsletter

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

article thumbnail

ProcureTalk: Geraint John from Interos

Procurement Software

He heads up the resilience lab at Interos , an enterprise risk management software solution. I’m in charge of research and using our databases to give rapid responses to topical events and disruptions to supply chains that are happening around the world. A lot of supply chain risk is about big data.

article thumbnail

A Deep Dive into Category Spend Analysis: Maximizing Value in Procurement

Empowering CPO

Risk Mitigation: Category spend analysis helps identify potential risks associated with suppliers, such as single-source dependencies, supplier stability, or non-compliance issues. By proactively addressing these risks, organizations can minimize disruptions and ensure a reliable supply chain.