As seen in Forbes. Companies are looking into frontier technologies like AI, ML and IoT technology solutions to re-energize their supply chain efforts. Industry insiders are hoping that ‘digital twins’ might play a part in this balancing act. ‘Digital Twins’…
Photo By kitthanes In light of recent events, it seems as though procurement teams across the globe can’t catch a break. The aftershocks caused by the Covid-19 pandemic, geopolitical instability as the result of the Russia-Ukraine war, and the constant…
Photo By Blue Planet Studio Managing your spare parts inventory can make or break an MRO strategy. Companies should have consistent insight into maintenance, repairs, and operations (MRO) inventory needs and existing stock levels to help forecast upstream needs and…
Photo By sittinan In a nutshell, MRO inventory management is the delicate balance between having enough stock to remain well equipped without overspending on inventory items that may remain unused. Incorporating effective inventory management methods and procurement management strategies can…
As seen in GlobeNewswire. ATLANTA, October 17, 2022 – Verusen, a materials intelligence leader, announced it has reached significant milestones in serving the global supply chain and procurement industry, having helped customers manage more than $2 billion of inventory and…
As seen in GlobeNewswire. Company to be honored at the NextGen Supply Chain Conference in Chicago ATLANTA, Ga — Oct. 12, 2022 — Verusen, a leader in materials intelligence, today announced that it has been named the NextGen Solution Provider…
As seen in Forbes Due to a relatively rapid shift in supply chains and related conditions, buying and selling critical materials isn’t as easy as it used to be for businesses. In response, resident procurement teams and suppliers are going…
In the past, organizations primarily focused on optimizing direct spend because of its close relationship to a product or service’s profit margin. Today, however, indirect spend is gaining more attention than ever before. Recent disruptive events such as the Covid-19…
Webinar | 3 Strategies to Stabilize Your Supply Chain Amidst an Economic Downturn Unplanned downtime, material shortages, capacity and labor shortages – If global manufacturers have learned anything, it’s that new elements of supply chain risks and uncertainties lie around…
A prominent trend in manufacturing and supply chain management technology is one revolving around the implementation of a digital supply chain twin. The leading analyst firm, Gartner, describes a digital supply chain twin as “a digital representation of the physical…
