by Jurgen Frasch | Apr 25, 2024 | Sourcing/Procurement/SRM
Scope 3 carbon emissions, which make up the majority of an organization’s greenhouse gas (GHG) emissions, are the result of indirect activities that occur in a company’s supply chain. Because they’re not directly under a company’s control, there are misconceptions...
by Jurgen Frasch | Apr 19, 2024 | Sourcing/Procurement/SRM
Product classification and compliance are essential yet time-consuming elements of global trade. Importers and exporters are challenged by the need to access relevant information and regulations, match product characteristics and shipment details with Harmonized...
by Jurgen Frasch | Apr 19, 2024 | Sourcing/Procurement/SRM
The U.S. Securities and Exchange Commission excluded Scope 3 reporting from its new climate disclosure rules this time around, but the reality is that every company nevertheless needs to manage its transition to the low-carbon economy.Investors, partners and customers...
by Jurgen Frasch | Apr 18, 2024 | Sourcing/Procurement/SRM
Procurement teams across the globe are stepping up, adapting and innovating amid whispers — and sometimes shouts — of economic uncertainty. In the U.S., 57% of executives express concerns about the possibility of a recession occurring in 2024. Other parts of the...
by Jurgen Frasch | Apr 18, 2024 | Sourcing/Procurement/SRM
The past few years have demonstrated the procurement function’s ability to adapt to price fluctuations, changing consumer needs and supply chain disruptions. Once regarded as a back-office process, procurement is finally getting the respect it deserves, recognized for...
by Jurgen Frasch | Apr 17, 2024 | Sourcing/Procurement/SRM
In today’s dynamic procurement world, artificial intelligence’s potential is more than theoretical — it’s a game-changer with tangible benefits. Procurement professionals need not fear AI; they should embrace it as a strategic ally. Procurement’s workload...