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What does the German Supply Chain Act Mean for Procurement?

ivalua

The German Supply Chain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. In Germany, this figure amounts to approximately 3,000 companies and requires them to conduct due diligence to identify and address potential risks in their supply chain.

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NFTs & Supply Chain: What Are The Applications?

SCMDOJO

The topic, Application of NFTs in Supply Chain Management, is buzzing in the supply chain & logistics space. Not only will the NFTs move the supply chain from unnecessary paper trails to an electronic platform, but they will also reduce all the bottlenecks experienced in the pipeline. Data Sharing. .

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Supply Chain Department – A Typical Structure

SCMDOJO

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

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The 10 Biggest Shipping Companies in the World

All Things Supply Chain

A seamless and efficient supply chain is vital for the movement of goods across continents. The global economy relies heavily on the shipping industry, the backbone of international trade. Among…

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The Importance of Supply Chain in the Apparel Industry!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Apparel supply chain management is a key factor in determining the success of the apparel business. In any industry, an efficient supply chain is important to make the product reach the customer on time, and in optimum condition. Subscribe Here! Email Address.

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A Snapshot of Supply Chain Technology

Una

A Snapshot of Supply Chain Technology. Breaking down the latest supply chain technology into several categories to provide a snapshot of the current state of the industry. Spare a thought for supply chain managers during the Age of Sail. Supply chain technology. Streamlined cross-border trade.

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

Procurement Templates

Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,