Contract Purchasing: Overcoming Inflation & Exchange Rate Variability
full document here – This article discusses the topic of inflation and its impact on purchasing contracts and supply chains. It provides an overview of inflation trends from the 1970s to the present day and examines the causes and consequences of inflation in different periods. The article emphasizes the importance of understanding the broader impact of inflation on the entire supply chain and suggests taking a more comprehensive and holistic approach to purchasing decisions. The article also discusses the challenges of exchange rate variability and the importance of incorporating essential computer tools to govern and cross-reference the data generated by individual practices to make informed decisions.