Robbie Blackhurst Founder and
Director of Compliance Chain
On enforcing the regulatory work , Heather says : “ Government regulations for sustainable sourcing are taking effect , we are increasingly baselining carbon usage to that required by the regulator . Likewise with ethical sourcing – taking a data-driven approach to the ways in which business processes can be changed to meet ethical and regulatory standards .”
The importance of real-time data for agile procurement decisions Real-time data is crucial for agile procurement decisions as it enables quick responses to market changes and supply chain disruptions . Jack called it crucial for agile procurement decisions , as : “ it enables quick responses to market changes and supply chain disruptions . Tools like supplier discovery use AI to analyse real-time data , provide rapid insights , identify suppliers based on current market requirements and enhance supply chain resilience , leading to better cost management and efficiency in procurement .”
Barath echoed this ability to stay agile in the evolving and sometimes volatile landscape , with the data offering insights into market fluctuations , supplier performance , inventory levels and demand variations : “ It is indispensable across industries – in e-commerce , it tracks customer behaviour , inventory levels and sales trends to optimise stock levels , predict demand and create dynamic sourcing strategies ,” he adds .
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