When used correctly, digital procurement platforms can serve as a “single source of truth” for both clients and suppliers. In this blog post, we take a look at what transparency in procurement means, potential obstacles encountered in achieving this transparency and, of course, how to overcome them.
“Digital transformation is the way forward in almost every segment of life.”
The primary concern of many business leaders today is cutting costs without losing profitability. However, one area that is constantly overlooked in this respect is digital procurement.
In today’s competitive markets, the efficiency and sustainability of a company’s supply chain can not only impact profit margins but can also have a profound effect on how the brand is perceived. Supply chain capabilities are developing rapidly and the majority of recent fundamental developments in this field have been technological. In order to survive – and thrive - keeping abreast of these improvements to transparency and efficiency is crucial. Now is the time for businesses to make sure their procurement processes are up to date and optimised, so that they can be prepared for any and all eventualities.
“Sustainability” is a word that’s used a lot these days. But what exactly is sustainability and how does it relate to the metals industry? In this blog post, we attempt to define sustainability and take a look at some of the key issues the metals industry is facing, while identifying some possible solutions.