June 19, 2023 | Supply Chain Strategy
When staying competitive is key to survival and growth in a fast-paced business environment, just-in-time (JIT) inventory management acts as a powerful strategy to optimize inventory levels and reduce costs.
Implementing JIT could however be a formidable task without a proper plan and execution strategy, but there are ways to successfully implement JIT inventory management and at the same time avoid chaos and ensure smooth operations.
June 12, 2023 | Risk Management
Effective management of third-party risks has emerged as a critical priority for organizations seeking to safeguard their operations and mitigate potential threats.
With businesses increasingly relying on external entities to fulfill various operational needs, ensuring the absence of risks associated with these third parties have become a complex and pressing task.
June 09, 2023 | Supply Chain Strategy
Optimizing warehouse productivity in a competitive business landscape is critical to supply chain success — more so when the ability to efficiently manage inventory, streamline processes, and meet customer demands can significantly impact an enterprise’s bottom line.
This blog discusses the strategies and best practices to enhance warehouse productivity and maximize operational efficiency.
As geopolitical and macroeconomic concerns increase, this survey-based Economist Impact-GEP report looks at what companies are doing to manage the resultant supply chain challenges.
June 01, 2023 | Supply Chain Strategy
Retail supply chain consultants offer the expertise and guidance needed to navigate the complexities of the modern marketplace.
Dive in to learn how retail supply chain consultants can help retailers drive success.
May 25, 2023 | Sourcing Strategy
Mechanical equipment sourcing and mechanical equipment supply chain management are critical components of industrial operations. Navigating the sourcing and supply chain aspects of mechanical equipment requires a deep understanding of the industry and the industry-specific strategic approach to procurement. A wide range of products — including pumps, motors, compressors, and generators, used in various industries such as manufacturing, construction, and energy — classify as mechanical equipment.
Organizations don’t need to put their M&A plans on hold because of the economic slowdown. This bulletin discusses how procurement can drive deal success by achieving cost synergies.
May 22, 2023 | Procurement Strategy
Engineering, procurement, and construction (EPC) procurement is a critical aspect of large-scale construction projects. From oil refineries and chemical plants to power stations and infrastructure projects, EPC procurement involves the sourcing and management of materials, equipment, and services required for the construction and commissioning of major projects.
May 19, 2023 | Supply Chain Strategy
Engineered equipment sourcing and engineered equipment supply chain management involve complex processes that require detailed planning, complete coordination, and proper execution. Businesses — from oil rigs to manufacturing plants — rely on engineered equipment to keep running their operations smoothly.
May 19, 2023 | Cost Management
Budgets are an essential aspect of any successful business. Managing budgets have therefore become even more important with the availability of next-gen technology. Budget management software is an integral part of global businesses and is increasingly becoming a must-have tool for supply chain organizations looking forward to streamlining financial operations.
This blog explores the benefits of budget management software and why it's a must-have tool for any organization looking to optimize its financial processes.
