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Reverse price increases from recent years

The shift to a buyer's market offers companies the opportunity to question past price increases and optimize costs. By building price transparency and using data-driven negotiation strategies, supported by tools such as Tacto, companies can take advantage of this opportunity while preparing for future market changes.

A template for the ESG score calculation

An efficient calculation of suppliers' ESG (Environmental, Social, Governance) scores is crucial to assess their sustainability performance and reliability and to ensure that they meet the company's requirements and expectations. Especially in the wake of growing regulatory requirements and rising sustainability and compliance standards, it is becoming increasingly important for companies to maintain a comprehensive overview of the ESG assessment of their suppliers, as this increasingly serves as a decisive basis for the selection and evaluation of suppliers.

Procurement in SMEs: focus topics and trends in 2024

In 2024, procurement will be fundamentally transformed by digitalization and increased compliance requirements. This development is significantly changing procurement processes and forcing procurement managers to adapt new technologies and strategies. This report is based on an extensive supplier survey with over 300 participants, which provides insights into the current trends and challenges in procurement. The results reflect the need to make procurement processes efficient and responsible and show how companies are responding to these changes.

Artificial intelligence (AI) as a driver of innovation for procurement and supply chain management

In the dynamic landscape of the global economy, technological innovations play a crucial role in shaping efficient, cost-effective and resilient business processes. At the center of this transformation is artificial intelligence (AI), whose advances have had a profound impact on various industries in recent years. Purchasing, as a critical pillar of every manufacturing company, is not unaffected by this development. In fact, the integration of AI technologies into the purchasing process is increasingly becoming an indispensable tool for companies that want to survive in a highly competitive market.

A template for supplier evaluation

Efficient supplier evaluation is crucial to assess the performance and reliability of suppliers and ensure that they meet a company's requirements and expectations. Through systematic evaluation, companies can monitor the quality of the products or services supplied and ensure that they meet the set standards. This is particularly important to maintain customer satisfaction and protect the company's image.

CBAM Registration - The most common mistakes when registering and submitting the CBAM report

Submitting the report under the CBAM Regulation can present some challenges, including registration in the relevant portals. The registration process is two-tiered and involves one instance at national level and the overarching EU transitional register, which serves as a central location for all CBAM information for all EU countries.‍

Frequently asked questions about the Carbon Border Adjustment Mechanism (CBAM)

The introduction of the Carbon Border Adjustment Mechanism (CBAM) marks a significant step by the European Union (EU) towards a climate-neutral economic area in line with its ambitious "Green Deal". CBAM, a system for identifying and offsetting emissions from imported goods, is seen as an essential addition to the existing EU emissions trading system. The extensive requirements of this new regulatory framework can represent a considerable burden for affected companies.‍

Ensuring material compliance in SMEs

Material compliance is an essential part of the production and supply process for companies in many industries. It is about ensuring that the materials used meet the strict requirements set by governments, international organizations and consumer protection groups. These requirements aim to minimize environmental damage, protect consumer health and ensure product quality and safety.