The effective purchasing of raw materials is a core function of supply chain management, directly impacting a company's production efficiency, product quality, and bottom line. It moves beyond simple transaction management to become a strategic discipline focused on value optimization and risk mitigation.
Posts tagged as “European Union (EU)”
Legal Issues In E-Commerce
October 29, 2025 |
Navigating the legal landscape of e-commerce is crucial for businesses aiming for both compliance and global success. The main legal issues center on data privacy, consumer protection, intellectual property, and the complexities of international jurisdiction and taxation.
How to Do Business In Serbia?
October 11, 2025 |
Doing business in Serbia involves a straightforward process for company registration, a business-friendly environment that welcomes foreign investment, and specific legal and administrative steps to ensure compliance.
Data Security in HR
September 2, 2025 |
HR departments handle vast amounts of highly sensitive personal and professional data, from a job candidate's initial application through an employee's entire lifecycle and beyond.
How to Do Business in Italy?
June 27, 2025 |
This essay provides a comprehensive guide on how to successfully establish and operate a business in Italy, covering key areas from market understanding and legal structures to financial considerations, operational aspects, and cultural intelligence.
How to Do Business in France?
June 27, 2025 |
This essay provides a comprehensive guide on how to successfully establish and operate a business in France, covering key areas from market understanding and legal structures to financial considerations, operational aspects, and cultural intelligence.
Cryptocurrencies
June 19, 2025 |
Cryptocurrencies are a revolutionary form of digital currency that operate on decentralized networks, fundamentally changing how value can be transferred and managed without the need for traditional intermediaries like banks or governments.
Stablecoin
June 19, 2025 |
A stablecoin is a type of cryptocurrency designed to minimize price volatility, unlike traditional cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) whose values can fluctuate wildly.
The world's largest economies, pillars of global prosperity and innovation, paradoxically find themselves navigating a complex web of persistent and evolving economic challenges.
To Become or Not to Become a Trade Union Member?
March 25, 2024 |
Whether or not to become a trade union member is a complex decision for every worker with pros and cons to consider carefully.
Protectionism
November 20, 2023 |
This article is about protectionism. It explains different methods of protectionism and gives arguments for and against protectionism in a country.
International Trade – Absolute Advantage & Comparative Advantage
November 15, 2023 |
This article introduces reasons for international trade and benefits of free trade. It explains the theories of Absolute Advantage and Comparative Advantage.
Global Marketing in the 21st Century
April 7, 2023 |
In global business environment, we need to understand the people who come from another country and culture in order to be successful in global marketing.
Free Trade Blocks around the World
January 29, 2023 |
Free trade blocks are groups of countries geographically close that have arranged to trade with each other without restrictions.
The STEEPLE Analysis provides businesses and managers with an overview of the factors specific to the external environment only.