OptiProERP
DECEMBER 18, 2023
Acquiring goods from vendors and suppliers is one of the critical and routine tasks for manufacturers. Otherwise, it can adversely affect a company’s bottom line. Procurement and purchasing are terms interchangeably used in manufacturing but are distinct activities. Steps in the Procurement Process 1.
QAD
APRIL 7, 2022
Procurement, also sometimes known as purchasing, is the group responsible for acquiring components, services, and other materials to manufacture a company’s products and to keep the operation running. But corporate procurement isn’t quite as simple as placing an order on Amazon or another web marketplace.
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Supply Chain Shaman
APRIL 19, 2024
Despite the importance, the investment in networks to automate the information flow between trading partners remains low. In this research, 81% of brand owners and contract manufacturers primarily depend on communication through email and spreadsheets. Approximately 32% of manufacturing, across industries, is outsourced.
SYSPRO Smarter ERP
JULY 3, 2023
Using artificial intelligence (AI) in manufacturing can significantly improve productivity, reduce equipment failure, increase production efficiency and help identify new business opportunities. The area of AI that manufacturers need to explore to drive their factories into the future is machine learning (ML). The Industry 4.0
Unleashed
JUNE 4, 2024
The procurement processes you implement directly impact how efficiently the business operates. Conversely, the consequences can be disastrous if procurement lacks the right structure or planning. What is a procurement process? Strategy is extremely important in the procurement process. Let’s dive right in.
DELMIA Quintiq
JANUARY 27, 2020
Disaster preparedness is imperative everywhere, but that goes double for the manufacturing industry. That means a company’s supply chain activities, vendors and talent pipeline could very well span the globe. That means a company’s supply chain activities, vendors and talent pipeline could very well span the globe.
SYSPRO Smarter ERP
OCTOBER 9, 2023
The Asia-Pacific region has one of the largest number of fabricated metals manufacturers in the world. Cost efficiency, quality management and traceability are major issues for companies in this region. Many governments are also offering incentives for manufacturers to invest in energy-efficient solutions.
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