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…
A strong procurement strategy is an integral part of a resilient MRO strategy. If your business isn’t equipped with the right people and tools to implement strategies to optimize the purchasing, sourcing, and distribution processes, things can quickly get out…
Today’s supply chain and its multitude of parts and processes are undergoing significant changes. Although it’s tempting to stick with traditional systems and management methods, to stay ahead of a competitive market, businesses need to adapt quickly. Advancements in technology…
How to Reduce Your MRO Costs While manufacturers are keenly aware that MRO and indirect materials are a crucial aspect of procurement and operations, ensuring these materials are optimized at all times rarely makes the list of areas business leaders…
Webinar | Ask the Expert5 Key Business Strategies to Level Up Your Manufacturing As industries have learned, market needs can change in the blink of an eye, and supply chains must also be ready to turn on a dime when…
