Business April 27, 2023
Why Manufacturing Companies Need a Supplier Relationship Management Software?
Supplier Relationship Management is a phrase that has been seeing a lot of traction of late. Companies have realized the criticality of suppliers being a stakeholder in their success and have been taking several actions ...
Read more..Business March 29, 2023
How an Effective Source-to-Pay Solution for Direct Materials helps in Product Success
In Product Manufacturing companies, the role Sourcing & Procurement teams play is critical in the success of a product. However, most companies do not fully understand the impact of these roles. And because of this, ...
Read more..Business March 23, 2023
Why is the Direct Material Procurement Lifecycle Still Left Outside of Digitalization?
Procurement or purchasing is an essential part of any business. No business can function without employing the services of another entity to complete their full business cycle. That said, the nature of the goods and ...
Read more..Business March 17, 2023
How forward-looking Procurement Managers are shaping the Direct Material Source-to-Pay Software Industry
They say that a pioneer is one who sees, believes in, and acts upon an opportunity that others fail to see or believe in; or lack the energy or courage to pursue. From our vantage ...
Read more..Business March 07, 2023
How does managing costs at a granular level provide a competitive advantage for companies?
To the CFO/CIO We know from experience that the delivery of goods and services is required to be balanced within the boundaries of Time-Cost-Quality for the overall success of the organization. Especially when dealing with ...
Read more..Business March 03, 2023
Why most companies have not been able to manage Raw Material Cost Change effectively?
To the CFO/CIO Raw Materials are one of the basic ingredients in the running of a manufacturing organization. The conversion of raw materials from their ‘raw’ form to manufactured parts and components constitutes a significant ...
Read more..Business March 02, 2023
Eight questions to determine the need for Sourcing Software
To the CFO/CIO: Direct Spend accounts for up to 70% of the total revenue. Yet, it's difficult to find the audit trail of direct-spend-related decisions. Have you wondered how and where the decisions are made and ...
Read more..Business February 23, 2023
UI and UX: The two unsung heroes of software development
Recently, I visited a fast-food restaurant that’s well-known for its burgers, shakes, and fries. When I entered the restaurant, I spotted a newly installed kiosk. I understood that with the help of this kiosk, I ...
Read more..Business February 17, 2023
A letter to the CFO/CIO of Product Manufacturing Companies
To the CFO/CIO, How was the last purchase order made? Does your current system show how the supplier for that item was selected and the contract finalized? A recent incident at a large Auto ...
Read more..Business February 15, 2023
A letter to the CFO/CIO on Direct Material Spend - 1
To the CFO/CIO, The direct material spend adds up to 65~70% of the total revenue. While the ERPs help to release the POs as per the production plan and based on existing contracts, how do ...
Read more..Business February 12, 2023
History of Electric Vehicles and Procurement's role in Electrification
Internal combustion engine (ICE) vehicles are still the dominant players in the automotive market. But with climate change, sustainability issues, etc. cropping up, Electric Vehicles (EVs) have been challenging the status quo. In fact, the ...
Read more..Business February 09, 2023
Unlocking Potential: The great benefits of Supplier Diversity
We live in a world that is free. The pinnacle of this example is how we have a free market economy. The economy operates under the principles of supply and demand, where businesses compete for ...
Read more..Business February 06, 2023
Technology, AI, and Procurement - An Overview
Technology has been growing at a rapid pace, and its contribution to every facet of our lives is unimaginable. With such rapid advancements, what was not possible before is being made possible and could be ...
Read more..Business February 04, 2023
Technology, Globalization and Supplier Diversity- An Overview
It is the 23rd year of the 21st century/ The world has gone through multiple upheavals of thought, culture and lifestyle, parallel to the hyper-rapid development of technology. The reason to call it hyper-rapid is ...
Read more..Business February 01, 2023
Reduce TCO Strategically
Have you wondered, how a home is run with the breadwinners and the partakers being involved in the operation, living, maintenance and overall functioning of a home. While all hands need to be on deck ...
Read more..Business February 01, 2023
Factors that drive positive ROI for Procurement Software
Return on Investment (ROI) is a way to calculate the success or failure of an investment. It is a critical metric used to determine the profitability of an expenditure before even utilizing resources on it. ...
Read more..Business January 31, 2023
ChatGPT, AGI, and Terminator
The world was taken by a storm at the end of 2022. The buzz was all about a “chatbot”, to put it in common parlance, that can talk to humans in a near human way ...
Read more..Business January 29, 2023
Material Sourcing: Digitally transforming the Request for Quotation process
The first, and most basic, rule in cooking is to ensure everything is set up before you begin - mise en place. Assume you missed an ingredient. And you search for that ingredient only when ...
Read more..Business January 24, 2023
Why spreadsheets and other disconnected systems are not suited for RFQs?
Spreadsheets, emails, word documents, and other similar breeds of applications have become an integral part of our everyday lives. It is in these applications that most of the work happens. In manufacturing, it is in ...
Read more..Business January 17, 2023
5 Tips to help overcome Procurement Challenges in 2023
Overcoming Direct Material Procurement Challenges in 2023 The arrival of the COVID-19 virus and the subsequent pandemic has made an impact in the way the world functions. There is a new way of working, operating ...
Read more..Business January 16, 2023
Purchase Requisition Process: Digital Transformation of RFP
Purchase Requisition Process Launching a product in the market can be stressful. It requires complete coordination across internal teams as well as external suppliers. And the problem most companies face is siloed pieces of information. ...
Read more..Business January 11, 2023
Dashing All The Way: Supplier Relationship Management with Dashboards
Supplier Relationship Management is an imperative part of the manufacturing process. And primarily critical to procurement. Essentially, it is the process of building and maintaining strong, productive relationships with the organization's suppliers. And it involves ...
Read more..Business January 09, 2023
Looking Ahead: Procurement Challenges in 2023
The calendar has changed into another year of the AD. At this time, many procurement professionals across the globe are preparing to face a new year with gusto, bracing an imminent recession and its economic ...
Read more..Business January 09, 2023
Chennai Marathon 2023: A Runtastic Day!
"When you run a marathon, you run against the distance, not against the other runners and not against time" - Haile Gebrselassieand It takes guts and gumption to cross the finish line of a marathon. ...
Read more..Business January 09, 2023
Procurement Statistics 2022
10 Key Statistics from 2022 Procurement can learn from. 2022, was a very interesting year for Procurement. It had many ups and downs as a function in the larger manufacturing picture. And as an individual ...
Read more..Business January 06, 2023
Zumen’s 2022 Year in Review
A blast from our past. In 2022, in an effort to empower procurement with comprehensive direct material Source-to-Pay software, a lot has transpired at Zumen. And along the way, we had loads of fun. ...
Read more..Business January 03, 2023
A Letter to Procurement
Dear Procurement Professionals, As we start the new year, we want to take a moment to recognize and appreciate the hard work and dedication that you bring to your role in procurement. Your efforts ensure ...
Read more..Business December 30, 2022
A New Hope
We thrive on hope. Hope gets us out of the bed, Hope energizes us, Hope channelizes our focus, and helps us overcome our fears. Humankind has gone through a lot this past year. There ...
Read more..Business December 28, 2022
Toy Story: It's History, Complexity & Procurement's Role
Remember the days when life was easy, devoid of social conventions and expectations, and unaffected by the challenging realities of adulthood? Remember your neighborhood was everything to you and toys were your only companion? You ...
Read more..Business December 26, 2022
Movies suggestions for Procurement Professionals this Holiday
“Winter, a lingering season, is a time to gather golden moments, embark upon a sentimental journey, and enjoy every idle hour.” –John Boswell A lot has changed in the last couple of years when it ...
Read more..Business December 25, 2022
A Procurement Carol
Adapting the Dickens classic onto a procurement floor on Christmas eve. “It is the most wonderful time of the year,” sang Andy Williams. And his voice echoed across the land. There was snow outside, the ...
Read more..Business December 23, 2022
Christmas & Procurement: An uncanny holiday connection!
Procurement and Christmas may seem like two unrelated topics, but they actually have a strong connection. At their core, both procurement and Christmas revolve around the process of acquiring and obtaining goods and services. Giving ...
Read more..Business December 21, 2022
Ensuring Direct Material Efficiency Through End-to-End Procurement Technology
In manufacturing companies, efficiency is typically derived from well-managed processes and material flows. Operational evidence of materials management efficiency can be observed in the percentage of on-time-in-full (OTIF) deliveries from suppliers, high inventory turns, percentage ...
Read more..Business December 20, 2022
Kevin McCallister: The Perfect Procurement Pro!
How strategy lessons can be taken from the 8 year old genius’s escape plan! ‘Tis the season to be jolly, fa la la la lala lala. And along with it comes all the merry, ...
Read more..Business December 16, 2022
Negotiating a Procurement
2015 is a year that will be known for why negotiation is a sign of human evolution. Back then, the United Nations Framework Convention on Climate Change (UNFCCC) reached a consensus on a much anticipated ...
Read more..Business December 14, 2022
Zumen | India EV Confex & Awards 2022
The Earth’s climate has been changing since its inception 4.5 billion years ago. With causes attributable to natural influences (changes in the Earth’s orbit, volcanic eruptions, and shifts in Earth’s crust) and human activities (burning ...
Read more..Business December 07, 2022
Purchase Order (Part-2): What it contains? & Who does it matter to?
In our previous blog on purchase orders (PO), we looked at what is a purchase order and the different types of POs. Well, if you haven't read it yet, here’s the link. In short, a ...
Read more..Business December 07, 2022
OEM Industry: OEMs, suppliers, and how to use a procurement system?
Although OEMs and Tier 1 suppliers face different challenges in their procurement function, they essentially strive to reduce the time for the introduction of new products by using their procurement system. A product's development and ...
Read more..Business December 06, 2022
4 Straightforward Reasons to Digitalize Procurement Proactively
Enough and much has been said about Industry 4.0. It has been the buzz word of the manufacturing and production world since the break of the pandemic. And is the focus of organizations moving forward. ...
Read more..Business December 02, 2022
FIFA World Cup: The Journey of the Event's Centerpiece
Football is an exhilarating sport. It is fast-paced and also boasts legions of fans, approximately 4 billion in number. That’s a touch more than half of the earth’s population. And the FIFA World Cup is ...
Read more..Business November 24, 2022
Thanksgiving 2022 : Henry Ford, Turkeys and Black Friday
The story of how the assembly line led to the way we manufacture things! Well, it is the time of the year before “That time of the year”. Thanksgiving is just around the corner. And ...
Read more..Business November 23, 2022
EV Chargers: Building a Sustainable Framework
The year is 2030. Internal Combustion Engine (ICE) vehicles have almost been phased out. More than half the vehicles on the road are Electric Vehicles (EVs) and shared e-mobility services are now common. In addition, ...
Read more..Business November 23, 2022
Procure the Best Procurement Software in 2023
Take a look at the branding exercises of top car manufacturers in the world. What do you see? Eye-catching visuals, an array of features, a portfolio, and a catchy tagline. Yes? Alright, now let's shift ...
Read more..Business November 20, 2022
Conscious Material Procurement: Making EV’s a sustainability champion one Lithium-ion battery at a time
Around 10 years ago, when the myth of the world ending on December 12 was running amok, climate change was the last thing on our minds. But climate change has been the cry of environmentalists ...
Read more..Business November 16, 2022
Supplier Dashboard IV: Individual Supplier View (Part-2)
In the last few blogs on supplier dashboards, we discussed a few of the tables and graphs available for product manufacturing companies such as yours for effective supplier performance evaluation and management. In this 4th ...
Read more..Business November 10, 2022
Zumen @ Asia Pacific Procurement Congress 2022 (APPC 2022)
At Zumen, we have consistently made efforts to have our presence felt and let the world know about our offering. And in a significant step towards that we presented Zumen, the company and the product ...
Read more..Business November 10, 2022
Sustaining Movement - On sustainability, electric vehicles and the environment
Isaac Asimov is an irreplaceable name in the world of science fiction literature. The prolific author was widely known and regarded for his ability to explain complicated scientific concepts clearly and very distinctly ahead ...
Read more..Business November 09, 2022
Supplier Dashboard III: Individual Supplier View (Part-1)
Zumen is your partner in Supplier Evaluation and Performance Management Great coaches play a prominent role in teams’ success and the growth of individual players. They find the chinks in the armor, help the players ...
Read more..Business November 03, 2022
Supplier Dashboard II: How Zumen simplifies supplier evaluation
Welcome to the second blog of the Supplier Dashboard series. In the first blog, we talked about the importance of dashboards in procurement, especially in supplier relationship management, and how you can intuitively zoom in ...
Read more..Business October 31, 2022
Made in China: Accelerating growth with Manufacturing
A peek into the manufacturing hub of the world to see how it got there Let us look at the statistics below: (All in USD, as of 2021) GDP: 17.73 Trillion Per Capita Income: 12556.3 ...
Read more..Business October 23, 2022
Supplier Dashboard I: Your partner for effective Supplier Management
In sports, professionals are under constant pressure to perform at the highest level. And to reach that level, they can’t do it by just playing. Players have to undergo rigorous practice sessions, analyze their gaps, ...
Read more..Business October 21, 2022
Spread too thin: the curious case of spreadsheets
In the era of AI, blockchain and automation, do spreadsheets make the cut? The year is 2022. The world has seen 4 waves of an unprecedented pandemic, economic upheavals and even a war. Business was ...
Read more..Business October 17, 2022
How does Source-to-Pay software facilitate the RFx process (RFPs & RFQs)
The challenge for procurement and sourcing begins right from the RFx process - RFP and RFQ. Because, in most product manufacturing companies, there are siloed workflows resulting in teams working with disjointed sets of data, ...
Read more..Business October 13, 2022
5 Major Challenges for EV Manufacturers
According to the Intergovernmental Panel on Climate Change, transportation accounts for about 23% of global energy-related greenhouse gases, and of that, road transportation is 72%. In an effort to prevent the rising effects of climate ...
Read more..Business October 12, 2022
How a Source-to-Pay Software Supports in Effective BOM Comparison?
In a product manufacturing company, comparing the BOMs of a product at different stages of its development lifecycle helps companies evaluate whether the design is in accordance with the technical objectives and the cost target. ...
Read more..Business September 30, 2022
Direct Procurement - Challenges in RFX Process
Challenges in the RFX process in Direct Procurement Let’s consider a hypothetical scenario. Jane is a procurement manager in a product manufacturing company that has a strong reputation in the industry. They are currently working ...
Read more..Business September 29, 2022
Supply Chain Disruptions: Factsheet of the Global Impact
Covid-19 was the first and most significant domino that caused a catastrophic ripple effect along the supply chain. Since then, Geo-political issues, customer demands, trade wars, and many other disruptors have caused upheavals in the ...
Read more..Business September 28, 2022
5 Aspects of Effective Supplier Management
Supplier Management Product manufacturing companies have suffered a lot in the past couple of years. The pandemic, post-pandemic effects, wars, trade embargoes, volatile commodity prices, inflation, labor relations, raw material hoardings, and supply disruptions have ...
Read more..Business September 25, 2022
Quotation Process: A brief Description
What happens when you are on the lookout for buying an electronic item, an automobile, or even a house? You visit multiple vendors and compare prices, and based on your needs and budget, choose a ...
Read more..Business September 24, 2022
Solving the Complexity Conundrum in Achieving the right Product Cost
You go to an Apple store and purchase the latest 256 GB iPhone 14 Pro Max. And its Manufacturer's Suggested Retail Price (MSRP) right off the shelf is $1199. But, the actual product cost of ...
Read more..Business September 17, 2022
Supplier Negotiation - The need for Source-to-Pay software
Supplier Negotiation is part and parcel of our daily lives. It is a clear contest where one takes the cup and the other, well, just watches. Think about your last purchase, be it groceries, an ...
Read more..Business September 11, 2022
What is a Purchase Requisition?
Manufacturing companies require multiple items daily, from raw materials, semi and fully-finished goods, to office supplies and services. And to purchase these goods, companies need to go through a systematic process that helps them manage ...
Read more..Business September 05, 2022
Bill of Materials (BOM) - What it is and what are the types?
What is a Bill of Material (BOM)? What's the first thing you do when you want to buy grocery items? You make a list. It could be a list of ingredients you need to cook ...
Read more..Business August 31, 2022
Difference Between Sourcing and Procurement
Product manufacturing companies have multiple departments that collaborate to achieve their business objectives. And when it comes to handling the supply chain operations, sourcing, procurement, and supply chain teams form a vital cog. On the ...
Read more..Business August 25, 2022
Scope 3 Emissions: Risks, Opportunities, and Role of Procurement
Earlier, sustainability was just a topic in boardroom meetings, but now, it is not so. It is becoming a pressing issue in organizations. And enterprises worldwide are calling for greenhouse gas (GHG) emission reductions like ...
Read more..Business August 23, 2022
Direct Procurement: The 6 Key Differences of Direct vs Indirect Procurement
Direct Procurement The procurement process is categorized into Indirect and Direct Procurement. It comprises Request for Purchase (RFP), Request for Quotation (RFQ), Quotation negotiation & selection, Purchase Order (POs) release, Material tracking, Goods Receipt, and ...
Read more..Business August 22, 2022
Formula 1 Engine: 2026 Regulations, Procurement, and Supply Chain
Formula One cars are the fastest on the planet around a race track. And they are one of the vital cogs for success in an F1 race. Any good driver with high skill sets will ...
Read more..Business August 19, 2022
Procurement & Supply Chain Management: Role of Procurement in Supply Chain
Procurement & Supply Chain Management Over the past few years, businesses across industries have faced unprecedented supply chain disruptions. While many business leaders, especially those in the supply chain and procurement, believe that the ghost ...
Read more..Business August 17, 2022
Sustainable Procurement: What it is? And what are the Benefits?
The past couple of years have been hectic, and we have been through so much. Covid and other events have impacted us in ways unimaginable. Despite the fact that the pandemic is not over, we ...
Read more..Business August 12, 2022
2012 The Movie: How was the Ark built?
The year 2009 saw a lot of feature films come and go. And as per (the International Movie DataBase) IMDB, the list of feature films amounts to a whopping 7610. That's a lot! I probably ...
Read more..Business August 11, 2022
Procurement Technology: Why it is a must for Product Manufacturing Companies?
The early 1780s can be considered as the beginning of modern manufacturing, when Oliver Evans, an American inventor, began experimenting with the first automated flour mill. And there was no stopping from there. Today we ...
Read more..Business August 07, 2022
Direct Procurement: Challenges in Product Manufacturing Companies
Direct Procurement Challenges in Product Manufacturing Companies Procurement teams juggle multiple roles, from identifying the need to vendor/supplier management and even facilitating payment processing. And while doing all of these, they also need to keep ...
Read more..Business August 04, 2022
AI quotation: Table Extraction Deep Learning Technologies & Current Trends
Welcome back to the second part of the Quotation Automation blog series. In the first part we looked at the need for quotation automation in organizations, the different ways data is presented in a document ...
Read more..Business August 04, 2022
Commodity Management in Procurement
Product manufacturing companies handle several components (direct or indirect materials) and services. And direct materials constitute 65-80% of the total spending. Also, the variety of commodity inputs for industrial goods has increased concomitant with technology ...
Read more..Business August 01, 2022
Procurement Technology: The 7 Advantages of using Procurement Software
Procurement Technology: Every industry is talking about using technology to improve their supply chain processes This is because technology can significantly impact an organization's bottom-line by improving visibility and cost-efficiency. Technology also helps increase the ...
Read more..Business July 29, 2022
New Product Development: A Closer look at the Design Process
Consumer expectation of new products is increasing manifold. Products need to be of the highest quality, made with the best and most sustainable materials, should look appealing yet be ergonomic, and finally, should fit the ...
Read more..Business July 27, 2022
Procurement, Supply Chain, and Formula One: Connecting the Dots
Imagine yourself standing the closest possible to the race track, holding a pint of beer in one hand and a Cuban cigar in the other (Well, if you are not a fan of both of ...
Read more..Business July 21, 2022
Z Strip - The Story of the Zumen T-shirt
It was a Monday morning. I see how this could be a one-line horror story by itself, but thankfully, it was not a blue Monday. Anyway, the banters and discussions within the marketing team were ...
Read more..Business July 20, 2022
Purchase Order (Part-1): What it is? & What are the Different Types?
Purchase orders (POs) are not new. We release POs when we order something from Amazon or any other e-commerce site. In the same way, product manufacturing companies release POs when they require a new component ...
Read more..Business July 15, 2022
Supplier Selection Criteria: Costs No More the Only Factor
Supplier Selection Criteria: Cost is no more the only major factor for supplier selection and evaluation. In any product manufacturing company, when the decision is to outsource certain parts of the Bill of Materials (BOM), ...
Read more..Business July 14, 2022
e-Procurement Software Workbook: The Ultimate Guide to choosing the right Software for Direct Material Sourcing & Procurement
Direct Material Procurement digitalization has been a point of discussion in product manufacturing companies for some time now. Automating direct procurement and optimizing the source-to-contract process can save businesses time and money. But it is ...
Read more..Business July 13, 2022
Quotation Automation: Revolutionizing AI in Direct Procurement
This is the first of a multi-part series on how Zumen developed a feature to extract information out of quotations and invoices. Upcoming parts will include the depth of technology used in quotation automation, the ...
Read more..Business July 02, 2022
ERP Integration: The Need & Its Benefits
Enterprise Resource Planning or ERP systems have been here for ages. The term ERP first appeared in the 1990s, but its roots date back to the 1960s. Back then, organizations needed systems to track, manage, ...
Read more..Business June 29, 2022
PLM Systems : The Need for PLM Integration & Its Benefits
Technology has grown leaps and bounds and has changed how we operate. Everything is connected. And connectivity is amazing stuff. We are all used to the instant connectivity that puts the entire world at our ...
Read more..Business June 24, 2022
5 Pillars of Enterprise IT in Manufacturing
ERP in Manufacturing The global manufacturing industry has trailed behind the IT and other B2C players in digitalizing their processes. And in the case of procurement and sourcing, spreadsheets, emails, and ERPs (for transactional activities) ...
Read more..Business June 21, 2022
ERP System: 5 Reasons why it is not enough for Direct Procurement
The history of Enterprise Resource Planning (ERP) can be traced back to the 1960s when organizations used systems to track, manage, and control their inventory. And over time, ERP systems were primarily used to help ...
Read more..Business June 20, 2022
New Product Development: How to avoid failed launches?
It is every organization's dream to launch new products. A successful product launch puts the organization on the map and opens the door to new possibilities. Consistently introducing new products to the market also indicates ...
Read more..Business June 18, 2022
5 Challenges for Procurement in New Product Development
Recently Land Rover took the wraps off their brand new Range Rover Sport in a grand fashion. The car is the third generation of the sporty Rover and comes with a host of new changes, ...
Read more..Business June 16, 2022
Procurement Technology Strategy : Long Road Ahead
Procurement technology for the Direct Material Procurement lifecycle is nowhere near where it needs to be. Even after 2-3 decades of technology development in enterprise IT for the manufacturing space, most organizations still struggle to ...
Read more..Business June 14, 2022
10 reasons to avoid ERP Customization for Procurement
The last decade has seen increased use of technology by the global population for personal use and pandemic-driven technology adoption by companies. To add to that, competition continues to be fierce among product manufacturing companies. ...
Read more..Business June 10, 2022
Direct Material Procurement Life Cycle Guide - Part 2
Welcome to part 2 of the 2-part series blog on Direct Material Procurement LifeCycle. In case you missed part 1, it is available here. The objective of this handbook is to help the audience understand ...
Read more..Business June 09, 2022
Why an ERP system is not a sourcing platform
Almost all established companies have a well-functioning ERP system. ERPs were designed to help accounting teams monitor transactions across the enterprises and to help in financial reporting and it falls short of addressing the features ...
Read more..Business June 02, 2022
Manufacturing Industry: 3 Major IT Pillars for Successful Product Manufacturing Organization
An early-stage startup probably has 100 SaaS tools they have signed up for and actively uses at least 50 of those. While the technology companies move fast in adopting IT tools, the manufacturing companies worldwide ...
Read more..Business June 01, 2022
(NPD) New Product Development Process : Early Engagement of Procurement in NPD
Your company sees an exciting opportunity in the market for a particular product. There is a huge gap in the market segment, and you feel that launching a new product will help you tap that ...
Read more..Business February 17, 2022
Product Costs: A Primary Driver for Business Sustenance
The role of procurement as we know it today started to gain importance during the industrial revolution in the 18th century. But, up until the second world war, it was considered as performing clerical and ...
Read more..Business January 10, 2022
Digital Procurement and the disruptive technologies that enable them
The use of digital tools and technologies opens up new possibilities for to use of data and human resources. Primarily, digital technologies help in increasing efficiency and productivity through quality improvement, error reduction, and collaboration. ...
Read more..Business January 05, 2022
Supply Chain Disruption: Course Correction needed to overcome it
Sourcing strategically with quantified risks and ensuring fail-safe mechanisms is part of the job for procurement and supply chain professionals. But, this pandemic, geopolitical and economic issues, and climate change have taken that KPI to ...
Read more..Business November 10, 2021
Source to Pay software: The What? The Why? And the top 5 aspects to look out for
Companies in the manufacturing industry is growing at a good pace, and companies have a lot riding on them since the industry is moving towards saying “Business as usual.” The term, though quite old, means ...
Read more..Business November 05, 2021
Direct Material Sourcing - How Technology Can Ease its Complexity
It's Friday evening and you find that the parts arriving from the supplier can’t make it inside the gate because of some discrepancies in the purchase order. Let's say you are getting the new equipment ...
Read more..