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Procurement Synonyms: All The Words You Need to Know in 2023

SCMDOJO

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

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Importance of Contract Management in Achieving Value for Money in the Procurement System

SCMDOJO

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.

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Effect of Working With CNC Machines on your Supply Chain

SCMDOJO

CNC machines use computerized controls and machine tools to cut layers of material to make custom parts. Whether you outsource or buy one, working with one of these machines will greatly speed up your supply chain. To stay ahead of the curve, they will purchase multiple preowned CNC router machines. What does the Research Say?

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Sustainable procurement: Everything You Need to Know

Precoro

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

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Ethics in Procurement – Simple, but Not Always Easy

Logistics Bureau

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

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The Green Corridor: Resilience from Diversification

The Logistics & Supply Chain Management Society

The government simply ran out of foreign currency to buy imported fuel. When fuel runs out at gas stations in Malawi, black market fuel smuggled into the country quickly appears but at double the price. There are even websites where you can purchase carbon offsets as an individual or small business.

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Green Corridor: Counting Carbons

The Logistics & Supply Chain Management Society

If you purchased trucks for your shipping fleet, how much carbon was emitted in making those vehicles? Tim Foote runs Susymbio, a boutique consulting firm advising clients on e-commerce logistics solutions and provides sustainability program management services. Are Ocean Freight Prices Absolutely Broken? MORE FROM THIS EDITION.