Supply Chain Shaman
MARCH 16, 2021
In our pandemic research, we interviewed thirty manufacturers. All struggled, during the initial supply chain COVID-19 response, to run effective “what-if analysis” in their supply processes. The applications were too hard-wired into the IT architectures making ad-hoc analysis impossible. We avoid big buzz words.
Logistics Bureau
FEBRUARY 15, 2021
The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows. But all of those things become purchasing as opposed to procurement.
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Precoro
AUGUST 14, 2023
More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?
Precoro
NOVEMBER 13, 2023
One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. Why Is Purchase Price Variance Important?
Precoro
JULY 16, 2023
The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.
Supply Chain Shaman
JUNE 9, 2023
The demand must be embraced as a flow, not an analysis of time-phased data, to drive better insights. The current taxonomy (or frame/models) for the engines does not address the issues of the global multinational manufacturing company. In the Global Supply Chain, there are More Constraints To Address Than Just Manufacturing.
Supply Chain Game Changer
MAY 11, 2022
Most manufacturers still rely on traditional methods to promote their business. Word-of-mouth referrals, networking events, and trade shows are still preferred by those in the manufacturing industry for a good reason they still work. Five Tips For Digital Marketing for Manufacturing Success. Consult With The Experts.
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