Crafting a Procurement Management Plan to Mitigate the Impacts of Inflation
Precoro
JANUARY 29, 2024
Inflation is an unavoidable fact of the globalized economy, and it impacts organizational spending across various sectors. Whether on a smaller or larger scale, inflation is a reality for every country. The inflation rate can vary greatly by location — for instance, in 2023 it was 3.4% for the US yet 10.7% in the Czech Republic. Escalating expenses associated with rising prices of raw materials, finished goods, third-party services, and labor along the entire supply chain expose businesse
Let's personalize your content