Most organizations do not choose supplier sprawl – it accumulates through urgent buys, site autonomy, and inconsistent material data. Vendor consolidation reduces complexity, strengthens leverage, and improves reliability when done with the right analysis. This article explains why you should…
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…
MRO management sits between procurement, maintenance, and operations – and it breaks when teams work from different data and different rules. The result is excess inventory in some places and stockout risk in others. These MRO management strategies help manufacturers…
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. …
As seen in Forbes. Cycles of growth and retraction are enterprise mainstays and are especially apparent today. Another tradition is the continued investment to improve the systems and data that drive profits in business and foster supply chain intelligence. As…
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’…
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…
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…
