Use Case: Utility Provider Halved Working Capital in 12 Months Schedule a Call How a major utility provider went from scattered materials data to a single-view platform, resulting in $29.7M inventory reduction and a 50% working capital cut Challenge: M&A-driven…
Effective MRO and indirect inventory management is crucial for any business looking to reduce costs, minimize risk, increase profits, and stay competitive. An important part of this is making full use of on-hand MRO and spare parts inventory. However, outdated…
The food and beverage industry certainly took a hard hit from the Covid-19 pandemic. Unfortunately, the lingering effects of the global pandemic were just the start. The raw material shortage caused by the ongoing Russia-Ukraine war, stubborn inflation, and labor…
When you’re a manager at a large manufacturing enterprise, understanding the advantages of category management can help you make data-driven decisions that improve your company’s bottom line and build long-term success. In this article, we’ll explore the key principles of…
Many are referring to the growing presence of artificial intelligence (AI), machine learning as they continue their journey into The Fourth Industrial Revolution. The rise and exponential improvement of these technologies has left many wondering what exactly is made possible…
From Reactive to Proactive: How to Address Tail Spend Opportunities within MRO For many procurement teams, keeping tail spend under control is a massive challenge with a lot of pressure tied to it. While tail spend is a natural byproduct…
Across industries, experts are turning to strategic category management to keep their spare parts and MRO procurement processes and operations more resilient. A few simple changes can transform the way your operation approaches inventory management, stocking, and more. Here are…
As seen in Forbes. If you’re a procurement leader, developing improved business strategies should involve advancing technology, increasing digital intelligence, and improving collaboration across in-house teams. Given these strategic objectives, digital-driven automation has become the ‘holy grail’ for procurement departments,…
Optimizing safety stock of MRO and spare parts requires understanding different variables that work together to keep your manufacturing operations running. Without a deep understanding of how these moving parts work, and close monitoring of their progress, it can be…
