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. 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…
Indirect procurement is where budgets quietly leak. Purchases are decentralized, categories are broad, and policies are inconsistently enforced. The result is supplier sprawl, price variance, and limited visibility. This article explains how manufacturers change indirect procurement spend patterns by improving…
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…
Webinar | Why Choose Between Reducing Risk or Optimizing Costs? As supply chain chaos continues, one of the most difficult challenges for suppliers & manufacturers is identifying strategic sourcing opportunities and across multiple facilities. In addition, organizations have relied on…
How Manufacturers Can Weather Economic Uncertainty For global manufacturers, risk and uncertainty lie waiting around every corner This is not a recent phenomenon. Typical risks include unplanned downtime, material shortages, capacity and labor shortages, and rearing its head once again,…
