procurement

As a key component of Supply Chain Management, Supplier Management refers to the strategic management and control of a company’s relationships with its suppliers. Punctuality, quality and sustainability in particular play a decisive role in the selection and evaluation of the right suppliers, as these aspects automatically impact procurement. In this article, we explain how you can utilize smart supplier management and thus optimize purchasing processes. Further, we discuss the role that data exchange and transparency play in this context.

In view of changing customer expectations and legal requirements such as the German Supply Chain Act or the new EU CSR Directive, companies are increasingly responsible for keeping environmental impacts and risks as low as possible when purchasing products or services. For sustainable procurement, the ISO 20400 standard is particularly helpful, as it addresses aspects of social and economic sustainability in addition to environmental protection. We have summarized the criteria and benefits of the ISO standard and explain what role the digitally designed supply chain plays in meeting sustainability criteria.

Many companies are currently struggling with high cost pressures on the supply chain caused by supply constraints, increased freight and storage costs, sharply rising energy prices and persistent inflation. What is needed at this point are efficient processes that can reduce costs, save time and increase productivity. Discussing examples from practice, we explain how companies can work much more efficiently with technologies specifically tailored to the supply chain.

In the event of a disruption, an overdependence on individual suppliers or geographical regions can lead to serious bottlenecks in procurement and production. Increased diversification is one way to cushion supply chain disruptions and improve security. We explain strategies that companies can use in order to unleash the full potential of a well-diversified supplier portfolio.

India offers companies interesting business opportunities as a procurement and sales market. Yet what are the local peculiarities to be expected in this unique business environment? We shed light on India’s economic structure and explain which cost-saving customs procedures are available.

A multi-regional procurement approach reduces the likelihood of supply chain failures. One attractive procurement market is Pakistan. We spoke to local hero World Wide Group…

Companies are well advised to develop alternative procurement markets and to solve any dependencies that may have arisen. India can be a profitable market…

Maintaining the ability to deliver and operating in a cost-sensitive manner – especially in challenging times and with current freight prices, this presents companies with an enormous challenge. If the consequences of the so-called whip effect are added to this, additional costs are pre-programmed. We explain how…

According to a recent study conducted by SAP and market researcher Oxford Economics, manual procurement…