Remove Lean Remove Manufacturing Procurement Remove Sourcing Remove Supplier Management
article thumbnail

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

article thumbnail

Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Cloud ERP can assist manufacturers with their procurement function

SYSPRO Smarter ERP

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. Strategic sourcing with Cloud ERP.

article thumbnail

25 Lean Manufacturing Tools – 5S, Six Sigma & Beyond

Unleashed

Many manufacturers use lean methods to cut costs and improve efficiencies in their business. But ‘lean’ is a very broad concept and the ways that manufacturers ‘go lean’ vary considerably. Click here for a refresher on lean manufacturing as a concept. Big data frameworks.

article thumbnail

How electronics manufacturers can use ERP to address industry challenges

SYSPRO Smarter ERP

The electronics industry has experienced dramatic changes on the customer and supplier side in the last 18 months – from sudden purchasing changes by customers to shortages of parts and components from suppliers. That is why many manufacturers opt for an ERP system to help them address their challenges.

article thumbnail

Is It a Good Idea to Invest in Hiring a Purchasing Manager?

Precoro

One should keep in mind that every transaction has an additional hidden cost in labor and overheads, such as the time spent sourcing products, tracking deliveries, matching invoices, and overseeing suppliers. In the article, we look critically at the role of the purchasing manager and discuss how to determine the value of hiring one.

article thumbnail

Autoliv’s Supply Chain Risk Management Journey

Logistics Viewpoints

Autoliv is the world’s largest safety system supplier in automotive industry. This global, Tier 1 manufacturer is headquartered in Stockholm and had revenues of over $8 billion last year. in turn, is a boutique procurement consultancy. This is our “supplier board”. The implementation was not trivial.