There is no question that well executed strategic sourcing frameworks and processes add value to the business, both in financial and operational terms. However, to be successful, organizations need to ensure there is adequate resources available for what can be a significant administrative burden, drive...
Improving on inventory management for MRO materials is a complex endeavor involving a range of individually complex levers, and strategic as well as operational and tactical decisions. To mitigate this complexity, it frequently makes sense to look at individual levers, particularly the material flow activities,...
Material Master Data is a simple concept but tends to be made extremely complicated and cumbersome in its implementation. A combination of appropriate frameworks, technology and operating discipline is the best way to ensure an organization’s material master data stays relevant and up to date....
MRO Demand Planning has been causing headaches across industries for quite some time, and the effects of COVID have only made the shortcomings more visible. It is time for organizations to address to start curing the headaches and realize the financial and efficiency gains tied...
Supplier segmentation is the foundation for supplier performance management as well as heavily influencing category strategies, and a detailed, up-to-date segmentation can unlock millions of dollars for a large business. Yet, many businesses conduct segmentation as a one-off activity, considering mainly spend or business criticality...
Supplier Performance is one of the top areas of concern for Procurement professionals, and still, many organizations still do not have proper Supplier Performance Management (SPM) frameworks and supporting IT solutions and data infrastructure in place. Effective SPM though, starts with the basics....