The Defence Ministry is moving closer to bringing its procurement payments onto the Trade Receivables Discounting System, or TReDS, in a bid to speed up settlements for MSMEs and start-ups and ease persistent working-capital pressures in the supply chain. According to the Hindu BusinessLine report,…
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Brighter Super and QIC Ventures have joined a A$15 million Series B funding round for ProcurePro, lifting the construction procurement software company’s valuation to more than $100 million and giving the business fresh capital to accelerate overseas expansion. The investment adds to backing from existing shareholders Bouygues, AirTree and Glitch…
Textile-to-textile recycling is still widely seen as one of fashion’s most promising circular economy goals, but industry leaders say the real obstacle is not only technical capability.It is the absence of a joined-up system that can supply feedstock, sort waste, finance production and create reliable…
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Oil and gas operators are under sustained pressure to trim maintenance budgets without undermining reliability, and that tension is exposing long-standing weaknesses in how maintenance, repair and operations spending is managed. Emergency purchases, a crowded supplier base, uneven pricing and weak spare-parts control can all push costs higher, especially in…
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View AllMany procurement leaders still treat imperfect data as a reason to postpone artificial intelligence. That is increasingly the wrong conclusion. The more useful test is not whether spend data is flawless, but whether it contains enough reliable signal to support decisions, spot risks or trigger action. That distinction matters because…
UPM Specialty Materials and BASF have teamed up to advance recyclable, fibre-based packaging as the industry comes under sharper pressure to cut waste and redesign formats around recyclability. The companies say their cooperation combines UPM’s barrier and barrier base papers with BASF’s Joncryl HPB barrier…
