In the past, organizations primarily focused on optimizing direct spend because of its close relationship to a product or service’s profit margin. Today, however, indirect spend is gaining more attention than ever before. Recent disruptive events such as the Covid-19…
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…
Photo By totojang1977 The global marketplace is a fast-moving and competitive landscape. And for manufacturers, maintenance, repairs, and operations (MRO) can make-or-break operations, especially if mismanagement occurs and leads to unplanned downtime. Traditional MRO strategies simply don’t cut it in…
Photo By ARMMYPICCA MRO inventory procurement is a tricky business. It’s a balancing act between what we can predict, and predicting the unpredictable. From sourcing the lowest cost materials and spare parts to finding ways to build an MRO supply…
Photo By Art_Photo Companies have long prioritized optimizing direct materials spending over indirect spending such as MRO inventory in order to focus more on business growth. However, dynamic changes in the global market demand a closer look at procurement strategies.…
As seen on Forbes It’s been an eventful two years in the supply chain industry. While problems in supply chains still exist as we head into the fall of 2022, we are starting to see easing pressures in shipping and…
The terms “network” and “network effect” get tossed around a lot these days when discussing strategies to improve manufacturing operations and supplier relationships. But “network” and “effect” are used in a variety of ways and incorporate very different initiatives depending…
Photo By WavebreakMediaMicro Materials management is a crucial component in the manufacturing process, whether it be delivering raw materials from suppliers to manufacturers or managing the spare parts needed to ensure finished products make it out the door. Without a…
As seen on Forbes U.S. and global oil, gas, energy, and utility companies are looking at challenges in their markets, rarely seen in recent years. The complexity of delivering energy to previous high standards is staggering. Power grids are becoming…
The Covid-19 pandemic continues to send shockwaves across the global supply chain even after 2.5 years, putting inventory levels at a lot of risk. This is further exacerbated by other disruptive events such as the “Zero-Covid Policy” in China, extreme…
