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27 articles on Supply Chain.
As data volumes and complexity grow, procurement professionals increasingly recognize the need for accurate and transparent data management. This is essential for managing equipment flow, selecting suppliers, negotiating contracts, and mitigating risks. Data has long been a problem for procurement,
Requis recognizes the importance of building a platform that easily connects with your existing technology solutions. Leverage our API and App Store to banish data silos. After years of using legacy programs that leave much to be desired, forward-thinking procurement leaders are recognizing the impo
Requis’ Public API resolves data silos and provides Energy, Construction, and Manufacturing industries a way to connect relevant data for reduced risk and higher ROI. Data is the lifeblood of any capital procurement project. No matter the industry, the ability to source suppliers and materials usin
As humans continue to smash through our planet’s safe environmental limits, The Circle Economy’s 2023 Circularity Report acts as an urgent call for a change in global material consumption. Understanding Current Circularity Issues After years of research, report authors offer several measures that
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 tr
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 pa
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
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
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 e
As part of Supply Chain Week 2022, Esther Chan, Senior Manager of Global SCM of Requis, led a lively panel discussion with end users and technology providers about digital supply chain management developments. Ms. Chan opened the session by asking the panel, “How are industry leaders approaching dig
Requis’ software improves RFX and ESG reporting for supplier qualifications and other product enhancements As companies adopt more digital technologies, project and supply-chain managers still encounter productivity barriers, including: Lack of transparency of partners and suppliers Outdated informa
COVID-19 exposed the grave weaknesses present in supply chains. Consequently, project managers, supply-chain management, and compliance groups are searching for ways to strengthen supply chains and minimize risks from material shortages, dependency on overseas suppliers, and geopolitics. At Requis,
In a recent podcast, Richard Donaldson, Vice President of Management and Marketing of Requis, and a diverse industry panel discuss the progress in moving toward a circular economy and the transformation of supply chains. In conjunction with the second International Supply Chain Day, this panel also
In year two of our quest to bring visibility to the supply chain industry's problems, both within the enterprises that manage them and in the public eye, we hope more businesses put effort into supply chain transparency. This hope, in turn, will allow the inefficiencies to surface so they can contin
Weighted score capabilities are now available on Requis’ Sourcing platform. Requis has rolled out a new feature that allows weighted scoring prioritization to compare suppliers and contractors to set up corporate supplier scoring and understand the delta between projects and corporate-level activit
Creating a greater transparency in supply chains will help make them better for all stakeholders and for the environment. That's why we're calling for the creation of an International Supply Chain Day on June 4.
Gartner is justifiably famous for their Magic Quadrant evaluations. But their term for supply chain platforms, multienterprise supply chain business networks (MESCBNs), is problematic. Here's why.
Digitizing asset records is not only the first step in leveraging technologies like IoT and machine learning, it enables powerful analytics. This is just one reason why asset management is going to get more focus in the months and years to come.
What we can learn from the supply chains that adapted more easily to COVID-19 disruptions. One thing is clear: digitization is the essential first step.
Business ROI and the circular economy go hand in hand. In this article, we did the math on the potential benefit for businesses and the environment. Spoiler: it’s massive.
Major industries like energy, manufacturing, IT, or mining and resources could become a very important part of the circular economy. Forward thinking companies are already leveraging it to improve their bottom line.
Because supply chain is the one part of the business that can never fail, supply chain managers can be hesitant to change. Here's a way to manage the risk.
CSCMP Edge 2019 in Anaheim was a great conference, highlighting the best new ideas in supply chain management. Here were our takeaways from the event.
Once you’ve made the decision to sell rather than to redeploy unused assets, the next challenge becomes maximizing your recovery. So how do you get the best value for your surplus items?
It is not radical thinking to simplify the enterprise supply chain and manage assets throughout the asset lifecycle to buy, sell, procure and analyze assets.
The enterprise supply chain is here. The digitization of procurement and overall asset lifecycle means improved costs and time.
Requis is an online industrial marketplace with the vision to help break silos between industries and enable people to work collaboratively vs side by side.
Find out how Requis aligns financial and environmental targets for both buyers and sellers for capital projects.
