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6 Ways Energy Companies Can Benefit from Procurement Technology

EC Sourcing Group

The energy sector faces several unique procurement challenges, such as complex supply chains, volatile commodity prices, strict regulatory requirements, and the need for sustainable and socially responsible sourcing. Cost Optimization : Commodity prices in the energy sector can be highly volatile.

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Top 10 Supply Chain Management Courses to Boost Your Career

SCMDOJO

If you’re a supply chain management professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. Fresh, easy to digest format.

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Arena Speeds Multidiscipline Collaboration and Product Development With 3D CAD Viewer

Arena Solutions

From engineering, quality, and procurement to suppliers and contract manufacturers—everyone must work off the same design to ensure that the right parts get sourced, the proper assembly lines and tooling are in place, and the product meets customer expectations. Visit our 3D Visualization resource page or schedule a demo to learn more.

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BOM Management: How to Efficiently Manage a Bill of Materials

Unleashed

It also acts as a crucial document for coordination among different teams – such as design, procurement, production, and quality control – ensuring everyone is on the same page when it comes to manufacturing. Apply continuous improvement methods Continuous improvement in manufacturing ensures maximum output in relation to your inputs.

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How to Build an Ideal Supplier Scorecard

EC Sourcing Group

Identify your data sources that can help identify supplier performance. Update the data frequently because interactions and transactions with the supplier change often.

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Just-In-Time Management – How to Manage Inventory in 2024

ThroughPut

It demands an in-depth understanding of every stage of the supply chain, from the initial procurement of raw materials to the delivery of the final product. Beyond these measurable gains, JIT also cultivates an organizational culture steeped in continuous improvement and operational efficiency.

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TrackVia’s Exceptional Inventory Management Capabilities

TrackVia

Access to a wealth of actionable information allows for continuous improvement in warehouse processes, identification of growth opportunities, and strategic decision-making that contributes to an organization’s long-term prosperity.