4 Benefits of Strategic Sourcing Processes Using AI and Machine Learning
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
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…
Future-Proofing The Food Supply Industry to Optimize CPG Operations
The past few years have been a time unlike any other for suppliers in the CPG manufacturing world. From a global pandemic to labor and raw material shortages, the food industry faced many challenges that linger today. In this article,…
Industry Case Study | Top 3 Process Manufacturer
Purpose-Built MRO Optimization Platform Top 3 process manufacturer verifies $21M in MRO savings opportunities 3,000+ Duplicate materials identifed 3 days Reduced outage from 4+ weeks $21M Verfied savings accepted 2,200 materials identified at risk of stock out The Client One of…
How Strategic Category Management for Spare Parts Can Make Your Operation More Resilient
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…
5 Business Strategies for Procurement Leaders
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,…
How Technology Can Optimize Safety Stock of Spare Parts and MRO Materials
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…
Verusen’s Trusted Supply for Industrial Suppliers and Distributors
Verusen’s Trusted Supply for Industrial Suppliers and Distributors With each customer having a unique way for describing materials, even within their own business units, the variations between customer materials data and supplier catalogs puts a large burden on suppliers to…
Stop Relying on Manual Processes for MRO and Indirect Materials Management
Stop Relying on Manual Processes for MRO and Indirect Materials Management Optimizing your MRO and indirect materials is a complex task, but it doesn’t need to feel impossible. The tools to harmonize your MRO data are out there. Now is…