Joining the Global Push For a Sustainable Future There’s no question that the global push for a more sustainable future is impacting businesses in a multitude of ways – supply chain is no different. From investing in new modes of transportation to optimizing product packaging and circular supply chains – there are a plethora of ways businesses are optimizing their supply chains and making them more…
Read MoreGreen Supply Chain Practices Factors to Lower Carbon Footprint Green supply chain practices are incredibly important, as they are a critical component for companies to lower their carbon footprint and create long-lasting, positive change for the planet. Achieving a green supply chain can seem like an overwhelming and stressful process – but with the right guidance and coordination, it can be a smooth…
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The Best Types of Green Supply Chain Practices Supply chains are responsible for the majority of energy and resources used by a company, which is why companies should implement sustainable practices. Green supply chain practices have the power to make a lasting impact on the planet, while simultaneously increasing a company’s cost efficiency. This article will discuss sustainable supply chain…
Read MoreWhat are Sustainable Supply Chain Practices? At Group O, we help businesses incorporate sustainable and green practices into their supply chains. While sustainable and green practices are similar, there is a difference. Sustainable practices focus on reducing impact, while green practices focus on improving environmental health. The goal of these practices is to decrease carbon emissions and waste,…
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Supply Chain Packaging Packaging has a significant impact on each stage of the supply chain and is critical not only to protecting your product during transport, but to reducing inefficiencies, material usage, and waste. When companies take the time to properly design their packaging with the supply chain in mind, they are able to streamline their packaging operations with automation, reduce transportation…
Read More8 Key Metrics for Effective Spend Management Spend management, the practice of monitoring a company's procurement expenses, is a crucial method for cutting costs and enhancing productivity. To optimize your spend management strategy, it's essential to keep a close eye on your performance. The specific Key Performance Indicators (KPIs) you should focus on can vary from one company to another, depending…
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Enhancing Spend Management Through Automation: Addressing Challenges and Gaining Efficiency Automations throughout the supply chain have proven their effectiveness in reducing costs and enhancing efficiency. When applied to spend analysis and management, automated processes offer the potential to exert greater control over expenses and provide deeper insights into spending patterns. Let's explore…
Read MoreThe Top 4 Benefits of Great Spend Strategy Spend management is the process of collecting and analyzing spend data in an organization in order to uncover major cost savings opportunities. Spend management typically pertains to an organization’s procurement process. Below are four of the most impactful benefits of adopting a spend management strategy for your organization. Increased Visibility Firstly,…
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Developing or Improving a Spend Management Strategy Spend management is the process of collecting, categorizing, and evaluating spend data in the procurement process to reduce costs and improve efficiencies. Spend management is an important tool that ensures your business is not wasting money on unnecessary or redundant expenses in the procurement and sourcing process. In order to capitalize on spend…
Read MoreLeveraging Robotic Process Automation (RPA) in Supply Chain Management In recent years, disruptions to the global supply chain have become increasingly common, with the ongoing pandemic impacting industries worldwide. To address these challenges, supply chain leaders have been exploring innovative solutions, one of which is the integration of robotics and automated processes. This article will delve…
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