To stay ahead of a competitive market and keep operations costs low, procurement teams need to maintain strategic vendor relationships that offer reliable quality while maintaining service level agreements.  It all starts with creating a shortlist of reliable vendors, a…

In today’s complex and fast-moving supply chain landscape, it no longer makes sense for businesses to stagnate with primitive or manual optimization systems. Businesses require efficient and effective solutions to manage their operations and processes in order to stay ahead. …

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…

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. …