Remove Comparison Remove Guidelines Remove Manufacturing Remove Sourcing
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Five Foolproof Ways to Shorten the Cash Conversion Cycle

Precoro

Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. Higher chance of heavy reliance on external financing sources, such as loans or credit lines. According to The J.P. But how can companies unlock this capital?

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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

GlobalTranz

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. It measures the cost incurred by an organization to manufacture a quality product. Cost of quality. Supplier Quality Management: Risk Quantification.

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GAAP for Accounts Payable: What it is and why it's important

Precoro

Around the world, governments and regulatory bodies have established guidelines for companies’ accounting departments to follow when it comes to bookkeeping. Let’s take a look at how following standardized guidelines can benefit companies and, specifically, their AP departments. What is GAAP?

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Lean Six Sigma for SMEs: A Path to Continuous Improvement

SCMDOJO

Over the years, various methodologies have emerged to address this need, including lean manufacturing, Six Sigma, and the integration of both known as Lean Six Sigma (LSS). Figure-c: Evolution of Lean Six Sigma (source: Snee, R.D. – Six Sigma creates a link between tactical actions and strategic focus. . Hoerl, R.W.,

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Sustainability Certifications for SMEs: The Best Programmes

Unleashed

Sustainability certifications help consumers identify whether or not a product or manufacturer is sustainable. These certifications are voluntary guidelines and standards that address environmental, social, ethical, and food safety concerns. They must be values based with quantifiable guidelines and standards.

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Top 10 PLM Adoption Mistakes to Avoid

Arena Solutions

Engineering brings its design; manufacturing brings its bill of materials (BOM); the quality team brings its SOPs, quality processes, work instructions, and manuals; marketing brings its marketing strategy. Get PLM vendor proposals for cost comparisons. Have a written strategy or roadmap in place.

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Actionable Insights: Purchasing Commitments and Spending

QAD

This helps enable budgeting by site and comparisons of spend and commitment policies by site. This can help to ensure that buyer/planners for commodities are following guidelines and may also help show where changes in product mix affect costs. May also help buyers decide whether an item should be single- or multi-sourced.