Procurement Software: Page 30

Procurement Software

86% of Suppliers Believe Customers Will Maintain Purchasing Volumes Through 2023

PrimeRevenue Inc.

Of the business challenges specified, suppliers said cost-cutting and negative impacts to cash flow is their biggest challenge in 2023 (26.1% and 26.5% respectively).

Stock Finance

Mergers and Acquisitions Represent 70% of Deals in FY22: Study

PricewaterhouseCoopers LLP (PwC)

Recent years have seen an influx of financial investors into the T&L sector, encouraged by a landscape that’s undergoing generational disruption, a previously unseen level of asset light opportunities and support from low-interest capital.

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U.S. Trade Activity Shows Resilience Amid Challenging Global Conditions

Transaction volumes across U.S. supply chains grew at their fastest pace in more than two years as domestic trade activity showed renewed signs of resilience following a recent slump, according to new Tradeshift data.

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Sourcing & Procurement

Procurement Operating Costs Increase for First Time in a Decade

The Hackett Group Inc.

Procurement operating costs at typical companies increased for the first time in more than a decade this year, in response to unprecedented uncertainty.

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U.S. Government is Looking to Bring Biotech Manufacturing Back Home

EPAM Systems Inc.

While the industry is moving towards nearshoring and friendshoring, long-term actions will be defined by an organization’s existing product supply chain, talent availability, customer needs and regional regulatory conditions.

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Top 3 Considerations for EU Pharmaceutical Cannabinoid Manufacturing

This exciting industry is poised for continued growth over the coming years, so with careful planning to ensure effective procurement, it will provide an incredible opportunity for new and existing businesses with well-crafted supply chains.

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Consequences of Misalignment Exceptions: Is Pharma Prepared for the DSCSA Deadline?

While the DSCSA has already brought numerous positive changes to the supply chain, even a minor hiccup could throw the entire system off-kilter.

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Creating a Sustainable and Profitable EV Market

Developing a sustainable and profitable EV market in the U.S. is challenging, but not impossible. However, reducing cost, developing different charging options and building a resilient supply chain are key.

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How Pharmaceutical Manufacturers Can Develop Agile Supply Chains

Aspen Technology Inc. (AspenTech)

These steps minimize the impact of operational disruptions, ensure timely delivery of critical products and safeguard the bottom line. The stakes for pharmaceutical manufacturers are high — but it’s entirely possible to rise to the moment.

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Sourcing & Procurement

Large U.S. Companies Hit Ceiling on Delaying Supplier Payments

The Hackett Group Inc.

These U.S. companies now have almost $1.9 trillion tied up in excess working capital, the research found, including $666 billion in excess inventory, $665 billion in payables, and $531 billion in receivables.

Stock Finance

Emerging Technologies

Pros to Know: Consolidation and Chaos Top Trends in 2023

Mathew Witte, SVP of ORTEC and one of the winners of this year’s Pros to Know award, explains why consolidation, nearshoring and the chaos of overcoming disruptions are top trends in the supply chain space this year.

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Empowering Businesses Through Win-Win Supplier Relationships

In an economy marked by rising inflation and cost pressures, every business is paying close attention to its bottom line and slashing costs wherever possible.

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