Procurement Technology

Climate Change and its Impact on Soft Commodity Procurement

By |2024-10-18T12:21:53-04:00October 18th, 2024|Categories: Miscellaneous|Tags: , , , , , |

The increasing effects of climate change are impacting soft commodity procurement, altering the dynamics of sourcing, pricing, and supply chain management. For companies dealing in agricultural commodities like coffee, tea, cocoa, and nuts, understanding and adapting to these changes is critical to maintaining efficient operations and profitability. Changing Weather Patterns   As weather patterns become less predictable, [...]

Procurement: The Strategic Asset For Commodity Management

By |2024-08-22T16:50:18-04:00August 22nd, 2024|Categories: Miscellaneous|Tags: , , , , , , , , , , |

The Evolving Role of Procurement: Why It’s Becoming Indispensable for Businesses In today’s rapidly changing business environment, procurement is changing from a transactional function into a strategic asset that drives value, reduces risk and improves the bottom line. A recent issue of Procurement Magazine highlights several pivotal ways in which procurement is evolving and underscores its [...]

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