Maintenance, Repair, and Operations (MRO) and Original Equipment Manufacturers (OEMs) management are two critical components of any supply chain. While MRO focuses on the optimal performance of complex machinery and equipment, OEMs are responsible for the design and production of…
Is inefficient spending starting to impact your profitability? If you’ve answered yes to this question, then it’s high time that you conduct a comprehensive spend analysis to identify cost-saving opportunities and optimize every dollar spent. Spend taxonomy is a crucial…
Webinar | Ask the ExpertHow AI is Making Sense of Your Manufacturing Materials Data April 25th, 11AM ET You’ve done endless data cleanses, you have the latest ERP technology, and/or you have a team of data scientists dedicated to data…
It’s normal for procurement processes to become more complex as businesses grow. However, without strategic oversight and careful management, this can spiral into the development of a long list of vendors, duplicated spending, growing tail spend, and high operational costs. …
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 of procurement teams focusing solely on strategic categories which often represent ~80%…
As seen in Forbes. When President Biden delivered his State of the Union (SOTU) address to Congress in February, tech and manufacturing business leaders were looking for encouraging words from the president. Fortunately, he delivered direct mentions regarding American initiatives…
