Procurement
Sustainability Requires Investing in Circular Economy, Deep Technology
In an episode of Supply Chain Next, Humberto Olivo, Managing Partner at Volpi Ventures LLC, discusses investing in new technologies for a sustainable world. When asked how he found his way to sustainable investment, he stated, “My background is in the financial sector as a trader, investment banker, and venture-capital investor. But more importantly, I followed…
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…
Net-Carbon Zero is Possible With Carbon Management Software
Globally, organizations are investing significant resources to become carbon neutral. By definition, net-carbon zero includes reducing the entire enterprise’s carbon footprint. Consequently, carbon–management accounting associated with procurement is a challenge and requires rethinking supply chain operations. Innovative technologies like carbon management software and carbon credits provide operational flexibility to achieve carbon neutrality.
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,…
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