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Tariffs and Procurement (Part 3): Tech capabilities for proper tariff management

Spend Matters

Effective and efficient tariff management is rooted in robust direct materials and supply chain risk management. Direct materials management is essential for aligning demand, supply and product objectives throughout the product lifecycle. Design-for-Supply part 1, part 2, part 3 and part 4.

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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.

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Q1 2024 Insider roundup: A deep dive into AI; following procurement tech market movements; updated coverage of 18 vendors

Spend Matters

As detailed below, the analysts’ work in Q1 took a special interest in solution providers that tackle issues of supplier risk management. Halo Ai addresses third-party risk management problems by consolidating supplier data into one platform with the goal of becoming a one-stop-shop for TPRM.

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Procurence: Vendor Analysis, 2022 Update (Part 1) — SxM and main new modules overview, market analysis and tech selection tips

Spend Matters

Categories: Procurement Systems & Architecture , Risk Performance and Compliance , Solution Providers , Supplier Management , Supplier Risk and Compliance Management , Supply Risk Management , Technology Tags: PRO Direct materials management has been a hot market for a few years now, and the recent events that induced supply chain disruptions added (..)

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The Supply Chain Gender Pay Gap is Narrowing!

Supply Chain Game Changer

The top 5 technical skills were, in order: Inventory Management, Project Management, Best Practice Knowledge, Computer Skills, and Risk Management. Source ,” which includes Buyers, Category Managers, Commodity Managers, Procurement Specialists, Purchasing Managers and Sourcing Managers.

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The Rise of Women in Supply Chain: Career Choice

SCMDOJO

Key competencies: Direct & indirect materials Function Strategy & transformation Digitalization ESG Risk management Supplier Relationship management She is an invited lecturer and Award-Winning Speaker, nominated for ‘Best Procurement CPOs – Russia’ list.

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Total Cost of Ownership (TCO): Definition, Components, and Examples

Pipefy

There are many components that can make up the total cost of ownership, but, generally, TCO is calculated based on the following costs: Initial purchase price Usage costs Quality costs Incurred costs Disposal costs Acquisition costs Maintenance costs In addition to the mentioned components, other elements are: Security Staffing Repairs Upgrades Sourcing (..)