A Group Purchasing Organization (GPO) aggregates the purchasing volume of its members for various goods and services and develops contracts with suppliers through which members may buy at group prices and terms.
John Ferguson, chief executive officer of TBM Consulting Group, discusses the importance of Taiwan to global semiconductor production, and tells how the supply chain would be impacted by China invading Taiwan.
In procurement, small adjustments can bring visibility and order to repeatable tasks, saving time and money in the long run. But one single source of truth is essential to get started.
With laws enforcing human rights in the supply chain, leaders will need to rethink how they are deriving value from their human-rights and supply chain due diligence programs.
It's important to measure the impact of Russia's invasion of Ukraine on the U.S. economy, and determine which commodities are likely to be in short supply as a result.
The latest news, analysis, trends and solutions regarding sourcing, procurement and supplier relationship management (SRM) and their impact on supply chain management. New technologies in sourcing and procurement are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency, cut costs and build more strategic partnerships. Learn how companies around the world are using sourcing, procurement and SRM solutions for supply chain optimization.
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