Digitization
Supply Chain Procurement Software Gives Suppliers an Edge
In Part Two of this series, this blog discusses how advanced technologies and digital platforms support improved connectivity and communication between suppliers and buyers in digital procurement. In Part 1 of this series, we discussed how suppliers are disadvantaged because most software applications focus on the buyers’ needs. Additionally, suppliers outnumber buyers in the marketplace…
Digital Procurement Platform Gives Suppliers a Competitive Edge: Part 1
In today’s marketplace, suppliers can use collaborative relationships and digital platforms to shift from a cost-reduction focus to build-value cultures. In the global marketplace, traditional procurement processes are not efficient. Remote work and an increase in digitization have radically changed how companies communicate internally and externally, so suppliers must adapt to the new sales environment. …
Are Fully Digital Supply Chains the Future?
A recent PwC Global Digital Procurement survey reported that over 50% of responding companies struggle to leverage their procurement data. Consequently, many organizations are reevaluating their supply chain and sourcing systems, including risk management, cost reductions, strategic sourcing, and transparency. These risks are the driving forces to digitalize procurement systems.
Circularity Ratio is Critical for a Circular Economy
Enterprises need a KPI that transforms supply chains to be more circular in resource consumption and management – the Circularity Ratio is the answer here’s why. The circularity ratio is the latest KPI that can revolutionize the circular economy. Similar to the power usage effectiveness (PUE) metric, which catalyzed energy efficiency innovations in data centers,…
Requis launches webinar series that focuses on sustainability
Requis has launched an educational webinar series, NetworkED, to provide valuable information for its community. Sustainability is a tough conversation. However, innovators, Tradewater and Requis are empowering businesses to attain sustainable supply chains and reduce their carbon footprint. As part of Requis’ NetworkED series, Tradewater’s Market Development Manager Jenny Morgan, and Director of Market Development…
Supplier diversity programs improve ESG performance
Companies are under pressure to improve their ESG performance to investors, the government, and the public. Besides environmental practices, ESG initiatives include developing supplier diversity programs. Such policies address creating supply chain and procurement plans with diverse groups, such as minority- or indigenous-group-owned businesses. Implementing a supplier diversity program is a top priority. But, most of all,…
BECCS Project Will Use Supply Chain Management Software
The largest decarbonization project in Europe is following a sustainable approach. Drax, the leading UK provider of biomass-based electricity, submitted plans to construct the largest bioenergy with carbon capture and storage (BECCS) operation at its North Yorkshire power station. Working with its engineering, procurement, and construction management partner (EPCM) Worley, Drax will build two BECCS…
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Innovation Stories
The Requis platform is helping businesses achieve better results in procurement, asset management, and disposition. In our case studies, success stories, and use cases, you can learn why more and more organizations are signing on with Requis.
Podcast
Join host Richard Donaldson (ex-eBay director of operations) and guests as they dive into the tectonic shifts happening in supply chain today. You'll hear how some of the most iconic thought leaders are tackling disruption, visibility, sustainability and other important issues.
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