Purchasing News Hubb
Advertisement
  • Home
  • Procurement
  • Supply Chain
  • Contact us
No Result
View All Result
  • Home
  • Procurement
  • Supply Chain
  • Contact us
No Result
View All Result
Purchasing News Hubb
No Result
View All Result
Home Procurement

Art of Procurement and Ivalua: Collaborating with suppliers can ‘blunt the impact’ of inflation

admin by admin
January 19, 2023
in Procurement


Procurement’s priorities are driven by two separate but related sets of factors: internal business requirements and external market conditions.

The Art of Procurement and Ivalua has partnered with a report to look at some of the challenges resulting from inflationary conditions. It explores how working collaboratively with suppliers may open the door to operational efficiency and greater control over the supply chain.

“Inflation is currently running at a four-decade high. It is also systemic and likely to be sustained for some time, potentially leading several countries into recession. As a result, procurement will have to manage budgetary constraints and supplier performance at the same time – potentially by leaning on one to solve the other,” the report states. 

The report offers procurement teams strategies to ‘blunt the effects of inflation’  including:

  • Combating the effects of inflation at the category level
  • paying it forward with better managed working capital
  • managing inventory, orders, and demand

 



Source link

Previous Post

Vendor Analysis — AI-based contract and procurement solution

Next Post

Jaggaer vs GEP: Direct sourcing head-to-head analysis

Next Post

Jaggaer vs GEP: Direct sourcing head-to-head analysis

Recommended

Vendor Analysis — Supplier diversity solution overview

November 11, 2022

Proactis ReThink ’22 focuses on what’s needed for organizational growth

October 27, 2022

Don't miss it

Procurement

Procurement Recruitment Blogs : Vacancy Numbers Still High

January 29, 2023
Procurement

A career in recruitment… – Procurement Heads

January 28, 2023
Procurement

Why Procurement staff are in demand and how to navigate the skills shortage

January 27, 2023
Supply Chain

Support Paper: Change Management – Barkers

January 27, 2023
Procurement

Financial Services Procurement Recruitment Blogs

January 27, 2023
Supply Chain

Vendor Analysis — S2C solution overview, analyst summary

January 26, 2023

© 2022 Purchasing News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Procurement
  • Supply Chain
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Procurement
  • Supply Chain
  • Contact us

© 2022 Purchasing News Hubb All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/