A good risk management strategy requires in-depth knowledge of the organization’s external environment, which is volatile, uncertain, complex and ambiguous (VUCA). This analysis can predict the challenges that the company may face in the coming years.
Check out the 10 main books that every buyer should read to be updated, improve the sector’s performance and become a reference in the area.
Contracts play a fundamental role within the purchasing department as they structure the relationship with suppliers – stipulating deadlines, prices, targets, etc. See on our blog the types of contracts and choose the most suitable for each acquisition.
When your home becomes a workplace, maintaining mental health is key to being able to meet deadlines without overloading yourself with tasks.
It took 10 years and 1.5 million workers to build the waterway in the 19th century and just one day and a giant ship to congest it in 2021. See the impact of the accident on the global economy and what to do if your cargo was on the freighter.
The Purchase Price Variance (PPV) refers to the difference between the actual price of the product purchased and its standard price, which can positively impact the purchasing department.