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. …
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…
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…
