Burgeoning inflation costs have put pressure on many businesses throughout the world and with no end in sight, it has left supply chains faced with mounting pressure. Reducing the negative impact on service and maintaining the throughput of products while struggling to keep costs down has created substantial disruption to networks across the globe.
Procurement of goods and supplies whether handled directly or indirectly all follow specific steps to evaluate demand, purchase necessary items or services, and manage orders from start to finish.
Rising energy costs and their impact on the supply chain Supply chains and their operators across the world are being faced with an unprecedented number of challenges when faced with the issue of keeping goods moving. Events like the recent pandemic, Brexit, and unexpected changes in the cost of raw materials have left many companies […]
5 benefits of using Blockchain technologies in your Procure-to-Pay Process By now, most people have heard of cryptocurrency, digital or virtual currencies which include coins like Bitcoin, Ethereum, and smaller Alt-coins. Cryptocurrency fast became an investor favourite (maybe not so much recently!) and has increasingly been adopted in business and the mainstream market. Many of […]