Photo By kitthanes Even today, the aftershocks of the Covid-19 pandemic ripple across the global economy, and among the hardest hit was the MRO supply ecosystem. The pandemic exposed vulnerabilities and inefficiencies in the global supply chain which has pushed…
Photo By Yaroslav Astakhov In light of recent events, “uncertainty” has been the defining word for the aerospace industry. Disruptive events like the Covid-19 pandemic, the raw material shortages, and the lack of skilled labor have completely changed the aerospace…
Photo By Mr. Music Recent global disruptions are revealing a serious need for supply chain modernization, especially in the automotive industry In an increasingly digitized world, it’s apparent that technology will continue to be at the forefront of supply chain…
Photo By heychli The aviation industry continues to rebound from the pandemic and airlines are confident that they’ve reached a turning point in their financial recovery. As the industry is heading into another year of a post-pandemic world, airlines are…
As seen in Forbes. Companies are looking into frontier technologies like AI, ML and IoT technology solutions to re-energize their supply chain efforts. Industry insiders are hoping that ‘digital twins’ might play a part in this balancing act. ‘Digital Twins’…
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 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…
Photo By Rapeepat 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…
