In the wake of COVID, the global marketplace is currently facing a number of supply chain and logistic challenges. Pandemic-related labor disruptions in the manufacturing industry have created shortages of raw materials such as plastics, computer chips and nickel, while a surge in consumer demand has strained the supply chain even further. Retailers are also facing global transportation issues, leading to increased freight costs and long shipping delays.
Category management is vital in strengthening your strategic procurement process. Originally designed as a project-based approach to managing the sourcing of goods and services, category management has grown to include: spend management and analysis, market intelligence, corporate reporting and governance. It is supported by the right people, tools and technology. Category management is the basis for delivering procurement value to organizations, beyond just negotiating better prices.
Employers should be aware of the dangers excessive heat has on employees. Hazards of heat exposure are most commonly associated with summer months, however, certain jobs can have extreme heat all year round, like foundry and boiler room work. Physical exertion coupled with heat and humidity can cause more than just discomfort. These variables can lead to a number of heat-related illnesses, some of which can be very dangerous. Make sure you know the signs of heat stress and how to prevent it.
The summer is the time of year for numerous construction projects. Unfortunately, it’s also the time of year when workers are most exposed to the dangers of excessive heat, sun exposure, lightning strikes, and other environmental hazards.
Each summer, thousands of workers suffer sunburns, dehydration, heat cramps, heat exhaustion and heat stroke. As a result, these workers become sick on the job and some even lose their lives due to excessive exposure to heat.
When it comes to energy management and electricity procurement, there are a lot of misconceptions out there – and a lot of opportunities for energy buyers to make mistakes that can cost their organizations valuable time and money. To help energy buyers reduce energy costs and avoid costly mistakes, Tradition Energy has compiled a list of the five things that most energy buyers get wrong — it’s a must-read for energy decision makers or anyone who is part of an energy procurement team.
“This is a stick up. Hand over the money!” is the saying Hollywood has taught us to associate with robbery and theft, but it is the not-so-obvious threats that financial and retail organizations face that carry the most risk. Hidden hazards like internal theft and loss due to transaction error, add to the existing safety challenges businesses like Credit Unions, Payday and Title Lenders face every day in their customer-facing, retail locations.
Does it ever feel like there's new independent contractor news every time you turn around? Uncertainty and constant change? Seems very on-brand for post-2020. There have been two major headlines regarding Independent Contractor Compliance circulating around the industry recently: the first is AB 2257, an update to AB 5; and the second is a proposed DOL rule interpreting IC classifications under the Fair Labor Standards Act (FLSA). Follow along below as we tell you all you need to know and the impact this could play on your procurement strategy for ICC!
The COVID-19 pandemic brought on swift and dramatic changes to industries around the world. For many workers, they were no longer allowed in the office. And those who were still spent many working hours at home. But with all this change, the one constant is that people need to rely on products that can provide lasting support – the increase in WFH workers’ compensation claims proves it. Working from home is the new normal, and so are the risks to bodies and bottom lines.
As the need for climate action grows, both utility and corporate buyers are increasingly looking to reduce greenhouse gas (GHG) emissions. There are a variety of motivations for these actions—for many corporate buyers, for instance, there is stakeholder pressure from customers, employees, and investors. This need to reduce emissions is leading to increased demand for renewable energy power purchase agreements (PPAs) and virtual power purchase agreements (VPPAs).