The most crucial tool a supply chain manager can have to fend off UFLPA or other compliance risks is a transparent view of your suppliers’ critical relationships.
The FTC discovered that Williams-Sonoma mattress pads listed as "crafted in America from domestic and imported materials" were actually fully imported from China.
Craft is launching a user-friendly, configurable supplier risk management (SRM) platform designed for team collaboration and proactive risk mitigation.
Sometimes a breach of contract by a supplier is completely unexpected, but other times you might see it coming weeks or months in advance, and be left wondering about your options.
Sustainability is a growing priority as investor and consumer pressure mounts, and governments around the world enact regulations that require organizations to report on emissions and climate-related risks.
The manufacturing industry is in the midst of a digital revolution, with AI taking the spotlight and being deployed on a broader scale, allowing companies to elevate their sustainability efforts.
A December 2023 study reveals that 40% of procurement leaders have yet to integrate sustainability into their decision-making processes, and 37% remain unaware of pertinent legislation.
By practicing foresight and preparing for the inevitable hiccup, manufacturers can go a long way toward ensuring that a shortage of microchips doesn't cause their facilities to lay dormant.
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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