ProcurementIQ presents this tariff decision tree, laying out considerations for buyers involved in the procurement of products and inputs that may be affected by the various tariffs imposed by the Trump Administration. While the decision tree primarily focuses on procurement of finished goods, such considerations can be applied to the purchase of many products and inputs.
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Building the New Normal in Procurement
The rise of the coronavirus has turned procurement on its head. Which practices will manage to break the surface?
Financial Matters: Understanding Financial Statements
Companies’ financial statements are packed with numbers and figures that may seem confusing at first glance. While taking a templated approach to analyzing financial statements is an easy way to help procurement staff evaluate such dense documents a one-size-fits-all approach could cause procurement staff to misinterpret outliers.
Coming up Short? Managing Skilled Labor Shortages
ProcurementIQ breaks down the key factors exacerbating the skilled labor shortage and highlights strategies firms can employ to bolster their labor force and get affected supply chains back on track.