Amidst all debate around climate change, if one were to ask whether procurement organizations have a role to play in reducing the greenhouse gas emissions, the answer will be a resounding Yes! Through sustainable procurement policies, sourcing managers are working towards reducing the carbon footprint.
Thousands of meetings, conferences and events are held around the world every year. These events, at times, could have a detrimental impact on the environment. However, the manner in which events are produced can be altered to minimize the environmental impact.
The current political impasse has resulted in great business uncertainty. Catalonia is a major producer of Chemicals, Pharmaceuticals, Automotive parts, and food (meat products) and drinks (Wine & Cava) making these industries more vulnerable than others.
What constitutes fair price for a product or a service is a perennial quest for people in general and procurement managers in particular. As one of the pioneer of behavioral economics, U.S. academic Richard Thaler’s contribution has built a bridge between the economic and psychological analyses of decision-making.