article thumbnail

Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Stay Updated on Regulations: Regularly review trade agreements, import/export rules, and labor laws. Risk Management Actionable Steps: Identify Risks: Develop a checklist of potential procurement risks, such as supply chain disruptions or quality issues. Resources: Risk management certifications (e.g.,

article thumbnail

Tariffs and Procurement (Part 2): Tariff management and building an action plan

Spend Matters

Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What does the German Supply Chain Act Mean for Procurement?

ivalua

Export and import of certain hazardous wastes. In compliance with the Act, companies are required to implement a supply chain management system that adequately identifies and mitigates risks, conducts reporting and creates remediation mechanisms. Fines of up to €8 million .

article thumbnail

How to Establish Your Brand in Food Importing and Exporting!

Supply Chain Game Changer

Common Mistakes in Importing and Exporting! Food importing and exporting article and permission to publish here provided by Emma Wilson. More business people shift their focus to the food commodity import and export. How do you establish your brand in the highly competitive food importing and exporting marketplace?

Export 61
article thumbnail

Getting to grips with tariffs, trade and compliance with Thomson Reuters

Spend Matters

While the imposition of import/export tariffs on goods is nothing new, the recent spate of quid pro quo mandates is increasing complexity and uncertainty for organizations trying to navigate their impact on supply chains. Its far more complicated from an application perspective.

article thumbnail

A proactive supply chain risk posture is increasingly necessary — and finally possible

Spend Matters

There has been a steady stream of supply chain crises in the news this spring, from shipping delays in the Middle East due to regional conflict to the halting of semiconductor production in Taiwan and the upending of imports and exports out of Baltimore.

Risk 120
article thumbnail

Mitigating Supply Chain Risk Management in the Wake of the Global Food Crisis

Value Match

During May, India announced its wheat export ban after a season of exceptional hot weather affected their crop sending domestic prices soaring. The India Commerce Minister, Piyush Goyal defended the ban by insisting that India wasn’t a major wheat exporter and therefore global markets shouldn’t be affected.