Read more to understand how supply chain sustainability can ensure faster growth for our business. Also learn how we can help you by streamlining your procurement strategies with business objectives.
Explore 5 pro tips procurement best practices for an effective procurement process which can help your organization ensure best value and timely delivery.
Over recent years, there have been various industry developments that served as or caused trends in procurement. These procurement trends include technology changes, novel strategic approaches, new processes, and necessary adaptations to change. As supply chains become increasingly complex, procurement has become highly crucial and influential in the production process and continues to grow.
An evolving market often leads to multiple opportunities for growth, while simultaneously causing various challenges due to the need for rapid change, evolution, and incorporation of new ideas. The mining, electronics, automotive, and telecom industries have witnessed significant change over recent years due to rapid digitization and the pandemic. Companies must leverage unique approaches, unparalleled strategies, and advanced technology to maintain a competitive edge and overcome market developments with accuracy, efficiency, and transparency. SpendEdge helps companies across industries leverage procurement best practices, stay ahead of the industry, utilize procurement market intelligence data, and maintain an unprecedented lead in competitive markets.
The Pivotal Role Played by Contract Management in the Transportation and Logistics Industry – Actionable Recommendations
Staying ahead of the curve, mitigating errors, and preemptively addressing risks can propel a company forward in the most challenging industries, making growth viable and achievable for all businesses with the right systems. SpendEdge emphasizes the value of proper supply chain management, strong supplier relationships, and efficient sourcing, contracting, and procurement processes. Achieving these goals can be difficult, time-consuming, and negatively impactful if implemented inaccurately. Therefore, automation, digitization, software, and embracing established systems is imperative for a positive and fast-climbing growth trajectory.
Staying ahead of the curve in an evolving industry is incredibly challenging, and companies often face various challenges in an attempt to meet industry standards and maintain a competitive advantage. As the financial services market continues to grow, companies are struggling to keep pace with advancing technologies, and require the assistance of robust partnerships that can support and propel their strategic targets and business plans. SpendEdge helps companies identify and partner with the right suppliers that encourage the achievement of their goals, enable meeting industry standards, and provide an unparalleled strategic advantage, with the use of data-driven, and comprehensive supplier benchmarking.
Webinar by SpendEdge on Cost Modeling and Deal Benchmarking: Best Rescue for Procurement Organizations
We, at SpendEdge hosted a webinar on Sep 28, 2022 and Sep 29, 2022 for EMEA and NA regions respectively.
Cost Modeling and Deal Benchmarking: Best Rescue for Procurement Organizations.
US inflation began to ease in July 2022, and, at the time of writing, there are some signs that it is softening. The country’s crude prices have stabilized at below $90 a barrel, down 30% from June 2022. While gasoline prices at pumps are inching close to $3 per gallon in some states, grocery prices have seen their biggest jump in over four decades. Meanwhile, dramatic rise in energy costs has been driving European inflation rates in the last two quarters to a record high. There are fears that inflation might just breach the double-digit mark in some European states.
View this FREE webinar on the current trends and future of packaging industry in the New Normal, to understand how we can help you scale up your business opportunities and align them with your sourcing and procurement goals.
How can you mitigate supply chain disruptions with actionable market intelligence? The complexity...
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Procurement intelligence insights, sourcing strategies, and action plans to achieve market excellence. Need additional insights? Get in touch with an industry expert today to discuss your needs.