Articles
Prioritising Sustainable Procurement
Igniting positive change across business and beyond, sustainable procurement has become a critical initiative for forward-thinking organisations. Conventional procurement delivers value by strengthening organisations through the purchase and use of goods and services. Sustainable procurement goes further by expanding an organisation’s positive impacts to local economies, protecting people, and the environment. As explained by the … Continue reading Prioritising Sustainable Procurement
Reshoring Versus Nearshoring: Strategies for Bringing Manufacturing Closer
For decades, offshoring has been a mainstay for organisations aiming to cut costs and boost profitability. This approach often involved relocating operations to far-flung destinations known for inexpensive labour and materials. However, the quest for lower costs has led to a series of unintended repercussions, including compromised human rights and increased environmental degradation. More recently, … Continue reading Reshoring Versus Nearshoring: Strategies for Bringing Manufacturing Closer
Effective Supplier Relationship Management: Strategies for Building Strong Partnerships
Every organisation wants the very best from their suppliers – favourable prices, quality products, and reliable service. Yet, many businesses underestimate the extent of their dependence on their suppliers and they overlook another factor too – their business may not be as important to their suppliers as they think. While some organisations expect preferential treatment … Continue reading Effective Supplier Relationship Management: Strategies for Building Strong Partnerships
Procurement Leaders Navigate Old Challenges, Embrace Change with a New Playbook
In the midst of a “perma-crisis” marked by persistent inflation, increasing regulations, geopolitical turmoil, and supply-chain disruptions, lies an opportunity for procurement leaders to redefine their strategies and thrive. That’s the genesis of a recent study conducted by Procurious in collaboration with Ivalua, where 185 procurement and supply chain leaders shed light on the pressures … Continue reading Procurement Leaders Navigate Old Challenges, Embrace Change with a New Playbook
How Can Procurement Navigate Consumer Sustainability Trends?
Consumer habits have long influenced initiatives set by global organisations. This is definitely true of measures that focus on sustainable and ethical sourcing. While over 70% of organisations have defined sustainability commitments—largely to meet government regulations and reduce risk—new trends in consumer demands have required businesses to shift focus and consider how their procurement practices … Continue reading How Can Procurement Navigate Consumer Sustainability Trends?
How to Survive the Rest of 2023 in Procurement
Unfortunately, global economic and political trends don’t follow the calendar year. Procurement leaders who hoped 2023 would be a respite from the turbulence of the last few years may be going through some disappointments right now. To succeed in the remainder of the year and beyond, procurement pros can take action to transform their organisation … Continue reading How to Survive the Rest of 2023 in Procurement
Let Green be your Guide: How to comply with new Product Claim Regulations
If your company makes environmental claims for products, be aware of upcoming changes in Green Guides from the US Federal Trade Commission and the EU Commission Directive on Substantiation of Explicit Environmental Claims. Both regulatory schemes are focused on consumer understanding of common words used in advertising sustainability claims. The regulators plan to reduce confusion … Continue reading Let Green be your Guide: How to comply with new Product Claim Regulations