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…
As seen in Forbes. As industries have learned, both consumer and business needs can change in the blink of an eye, and supply chains must also be ready to turn on a dime when demand for goods hits an imbalance. …
Climate change is the defining issue of our time. Now more than ever, we are feeling the consequences of centuries of poor environmental practices. From rising sea levels to shifting weather patterns, the impacts of mostly relying on non-renewable sources…
Photo by Cytonn Photography on Unsplash To stay ahead of a competitive, global market, it’s essential that you source high quality spare parts and materials with reliable delivery times, all while being conscientious of costs that can mount from excess…
Photo By Blue Planet Studio As companies grow, their supply chains become increasingly complex and difficult to manage. A point is reached where it no longer makes sense to keep using traditional, on-premise systems to keep up with a rapidly…
Photo By Blue Planet Studio Are you wondering what to do with obsolete inventory? Advancements in modern technology have completely changed the global supply chain landscape and continue to have a massive impact on how businesses operate today. While some…
