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    Guides and information on the key factors of Supply Chain and Procurement

Why Manufacturing Companies Need a Supplier Relationship Management Software?
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How an Effective Source-to-Pay Solution for Direct Materials helps in Product Success
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Direct Material Procurement Life Cycle Guide – Part 1
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Procurement Mishaps at the North Pole
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How a Global Manufacturer of Industrial Equipment gains Sourcing Process Efficiency with Zumen
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How a Multinational Automotive Supplier moved away from a complex-spreadsheet-based Sourcing Process
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Category: Business

Business April 27, 2023

Why Manufacturing Companies Need a Supplier Relationship Management Software? By zumen

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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 ...

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Business March 29, 2023

How an Effective Source-to-Pay Solution for Direct Materials helps in Product Success By Viswa

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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, ...

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Business March 23, 2023

Why is the Direct Material Procurement Lifecycle Still Left Outside of Digitalization? By Viswa

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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 ...

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Business March 17, 2023

How forward-looking Procurement Managers are shaping the Direct Material Source-to-Pay Software Industry By Viswa

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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 ...

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Business March 07, 2023

How does managing costs at a granular level provide a competitive advantage for companies? By Viswa

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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 ...

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Business March 03, 2023

Why most companies have not been able to manage Raw Material Cost Change effectively? By Viswa

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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 ...

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Business March 02, 2023

Eight questions to determine the need for Sourcing Software By Viswa

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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 ...

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Business February 23, 2023

UI and UX: The two unsung heroes of software development By Kausika Raajan Varatharaajan

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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 ...

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Business February 17, 2023

A letter to the CFO/CIO of Product Manufacturing Companies By Viswa

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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 ...

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Business February 15, 2023

A letter to the CFO/CIO on Direct Material Spend - 1 By Viswa

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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 ...

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Business February 12, 2023

History of Electric Vehicles and Procurement's role in Electrification By Kausika Raajan Varatharaajan

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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 ...

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Business February 09, 2023

Unlocking Potential: The great benefits of Supplier Diversity By Roshan Siddharth Ramanee

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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 ...

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Business February 06, 2023

Technology, AI, and Procurement - An Overview By Kausika Raajan Varatharaajan

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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 ...

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Business February 04, 2023

Technology, Globalization and Supplier Diversity- An Overview By Roshan Siddharth Ramanee

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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 ...

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Business February 01, 2023

Reduce TCO Strategically By Roshan Siddharth Ramanee

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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 ...

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Business February 01, 2023

Factors that drive positive ROI for Procurement Software By Kausika Raajan Varatharaajan

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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. ...

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Business January 31, 2023

ChatGPT, AGI, and Terminator By Roshan Siddharth Ramanee

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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 ...

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Business January 29, 2023

Material Sourcing: Digitally transforming the Request for Quotation process By Kausika Raajan Varatharaajan

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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 ...

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Business January 24, 2023

Why spreadsheets and other disconnected systems are not suited for RFQs? By Kausika Raajan Varatharaajan

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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 ...

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Business January 17, 2023

5 Tips to help overcome Procurement Challenges in 2023 By zumen

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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 ...

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Business January 16, 2023

Purchase Requisition Process: Digital Transformation of RFP By Kausika Raajan Varatharaajan

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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. ...

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Business January 11, 2023

Dashing All The Way: Supplier Relationship Management with Dashboards By Roshan Siddharth Ramanee

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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 ...

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Business January 09, 2023

Looking Ahead: Procurement Challenges in 2023 By Roshan Siddharth Ramanee

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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 ...

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Business January 09, 2023

Chennai Marathon 2023: A Runtastic Day! By zumen

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"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. ...

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Business January 09, 2023

Procurement Statistics 2022 By Roshan Siddharth Ramanee

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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 ...

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Business January 06, 2023

Zumen’s 2022 Year in Review By zumen

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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. ...

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Business January 03, 2023

A Letter to Procurement By Roshan Siddharth Ramanee

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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 ...

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Business December 30, 2022

A New Hope By zumen

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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 ...

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Business December 28, 2022

Toy Story: It's History, Complexity & Procurement's Role By Kausika Raajan Varatharaajan

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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 ...

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Business December 26, 2022

Movies suggestions for Procurement Professionals this Holiday By Kausika Raajan Varatharaajan

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“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 ...

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Business December 25, 2022

A Procurement Carol By Roshan Siddharth Ramanee

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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 ...

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Business December 23, 2022

Christmas & Procurement: An uncanny holiday connection! By Roshan Siddharth Ramanee

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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 ...

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Business December 21, 2022

Ensuring Direct Material Efficiency Through End-to-End Procurement Technology By Adith

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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 ...

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Business December 20, 2022

Kevin McCallister: The Perfect Procurement Pro! By Roshan Siddharth Ramanee

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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, ...

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Business December 16, 2022

Negotiating a Procurement By Roshan Siddharth Ramanee

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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 ...

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Business December 14, 2022

Zumen | India EV Confex & Awards 2022 By zumen

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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 ...

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Business December 07, 2022

Purchase Order (Part-2): What it contains? & Who does it matter to? By Kausika Raajan Varatharaajan

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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 ...

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Business December 07, 2022

OEM Industry: OEMs, suppliers, and how to use a procurement system? By Adith

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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 ...

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Business December 06, 2022

4 Straightforward Reasons to Digitalize Procurement Proactively By Roshan Siddharth Ramanee

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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. ...

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Business December 02, 2022

FIFA World Cup: The Journey of the Event's Centerpiece By Kausika Raajan Varatharaajan

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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 ...

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Business November 24, 2022

Thanksgiving 2022 : Henry Ford, Turkeys and Black Friday By Roshan Siddharth Ramanee

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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 ...

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Business November 23, 2022

EV Chargers: Building a Sustainable Framework By Kausika Raajan Varatharaajan

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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, ...

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Business November 23, 2022

Procure the Best Procurement Software in 2023 By Roshan Siddharth Ramanee

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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 ...

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Business November 20, 2022

Conscious Material Procurement: Making EV’s a sustainability champion one Lithium-ion battery at a time By Roshan Siddharth Ramanee

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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 ...

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Business November 16, 2022

Supplier Dashboard IV: Individual Supplier View (Part-2) By Kausika Raajan Varatharaajan

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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 ...

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Business November 10, 2022

Zumen @ Asia Pacific Procurement Congress 2022 (APPC 2022) By zumen

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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 ...

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Business November 10, 2022

Sustaining Movement - On sustainability, electric vehicles and the environment By Roshan Siddharth Ramanee

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  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 ...

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Business November 09, 2022

Supplier Dashboard III: Individual Supplier View (Part-1) By Kausika Raajan Varatharaajan

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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 ...

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Business November 03, 2022

Supplier Dashboard II: How Zumen simplifies supplier evaluation By Kausika Raajan Varatharaajan

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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 ...

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Business October 31, 2022

Made in China: Accelerating growth with Manufacturing By Roshan Siddharth Ramanee

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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 ...

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Business October 23, 2022

Supplier Dashboard I: Your partner for effective Supplier Management By Kausika Raajan Varatharaajan

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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, ...

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Business October 21, 2022

Spread too thin: the curious case of spreadsheets By Roshan Siddharth Ramanee

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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 ...

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Business October 17, 2022

How does Source-to-Pay software facilitate the RFx process (RFPs & RFQs) By Kausika Raajan Varatharaajan

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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, ...

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Business October 13, 2022

5 Major Challenges for EV Manufacturers By Kausika Raajan Varatharaajan

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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 ...

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Business October 12, 2022

How a Source-to-Pay Software Supports in Effective BOM Comparison? By Kausika Raajan Varatharaajan

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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. ...

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Business September 30, 2022

Direct Procurement - Challenges in RFX Process By Kausika Raajan Varatharaajan

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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 ...

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Business September 29, 2022

Supply Chain Disruptions: Factsheet of the Global Impact By zumen

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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 ...

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Business September 28, 2022

5 Aspects of Effective Supplier Management By Kausika Raajan Varatharaajan

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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 ...

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Business September 25, 2022

Quotation Process: A brief Description By Kausika Raajan Varatharaajan

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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 ...

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Business September 24, 2022

Solving the Complexity Conundrum in Achieving the right Product Cost By Kausika Raajan Varatharaajan

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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 ...

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Business September 17, 2022

Supplier Negotiation - The need for Source-to-Pay software By Kausika Raajan Varatharaajan

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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 ...

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Business September 11, 2022

What is a Purchase Requisition? By Kausika Raajan Varatharaajan

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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 ...

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Business September 05, 2022

Bill of Materials (BOM) - What it is and what are the types? By Kausika Raajan Varatharaajan

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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 ...

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Business August 31, 2022

Difference Between Sourcing and Procurement By Kausika Raajan Varatharaajan

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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 ...

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Business August 25, 2022

Scope 3 Emissions: Risks, Opportunities, and Role of Procurement By zumen

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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 ...

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Business August 23, 2022

Direct Procurement: The 6 Key Differences of Direct vs Indirect Procurement By Kausika Raajan Varatharaajan

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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 ...

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Business August 22, 2022

Formula 1 Engine: 2026 Regulations, Procurement, and Supply Chain By Kausika Raajan Varatharaajan

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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 ...

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Business August 19, 2022

Procurement & Supply Chain Management: Role of Procurement in Supply Chain By Kausika Raajan Varatharaajan

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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 ...

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Business August 17, 2022

Sustainable Procurement: What it is? And what are the Benefits? By zumen

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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 ...

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Business August 12, 2022

2012 The Movie: How was the Ark built? By Kausika Raajan Varatharaajan

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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 ...

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Business August 11, 2022

Procurement Technology: Why it is a must for Product Manufacturing Companies? By Kausika Raajan Varatharaajan

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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 ...

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Business August 07, 2022

Direct Procurement: Challenges in Product Manufacturing Companies By Kausika Raajan Varatharaajan

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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 ...

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Business August 04, 2022

AI quotation: Table Extraction Deep Learning Technologies & Current Trends By Vineeth Akkinapalli

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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 ...

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Business August 04, 2022

Commodity Management in Procurement By zumen

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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 ...

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Business August 01, 2022

Procurement Technology: The 7 Advantages of using Procurement Software By zumen

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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 ...

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Business July 29, 2022

New Product Development: A Closer look at the Design Process By Kausika Raajan Varatharaajan

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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 ...

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Business July 27, 2022

Procurement, Supply Chain, and Formula One: Connecting the Dots By Kausika Raajan Varatharaajan

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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 ...

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Business July 21, 2022

Z Strip - The Story of the Zumen T-shirt By Manekshaw Anand

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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 ...

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Business July 20, 2022

Purchase Order (Part-1): What it is? & What are the Different Types? By Kausika Raajan Varatharaajan

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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 ...

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Business July 15, 2022

Supplier Selection Criteria: Costs No More the Only Factor By Kausika Raajan Varatharaajan

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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), ...

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Business July 14, 2022

e-Procurement Software Workbook: The Ultimate Guide to choosing the right Software for Direct Material Sourcing & Procurement By zumen

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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 ...

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Business July 13, 2022

Quotation Automation: Revolutionizing AI in Direct Procurement By Mohan Deep Renduchintala

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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 ...

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Business July 02, 2022

ERP Integration: The Need & Its Benefits By Kausika Raajan Varatharaajan

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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, ...

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Business June 29, 2022

PLM Systems : The Need for PLM Integration & Its Benefits By Kausika Raajan Varatharaajan

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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 ...

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Business June 24, 2022

5 Pillars of Enterprise IT in Manufacturing By Kausika Raajan Varatharaajan

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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) ...

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Business June 21, 2022

ERP System: 5 Reasons why it is not enough for Direct Procurement By Kausika Raajan Varatharaajan

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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 ...

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Business June 20, 2022

New Product Development: How to avoid failed launches? By Sanjay Ravikumar

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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 ...

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Business June 18, 2022

5 Challenges for Procurement in New Product Development By Kausika Raajan Varatharaajan

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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, ...

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Business June 16, 2022

Procurement Technology Strategy : Long Road Ahead By Kausika Raajan Varatharaajan

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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 ...

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Business June 14, 2022

10 reasons to avoid ERP Customization for Procurement By zumen

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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. ...

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Business June 10, 2022

Direct Material Procurement Life Cycle Guide - Part 2 By zumen

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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 ...

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Business June 09, 2022

Why an ERP system is not a sourcing platform By zumen

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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 ...

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Business June 02, 2022

Manufacturing Industry: 3 Major IT Pillars for Successful Product Manufacturing Organization By zumen

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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 ...

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Business June 01, 2022

(NPD) New Product Development Process : Early Engagement of Procurement in NPD By Kausika Raajan Varatharaajan

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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 ...

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Business February 17, 2022

Product Costs: A Primary Driver for Business Sustenance By Kausika Raajan Varatharaajan

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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 ...

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Business January 10, 2022

Digital Procurement and the disruptive technologies that enable them By Kausika Raajan Varatharaajan

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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.  ...

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Business January 05, 2022

Supply Chain Disruption: Course Correction needed to overcome it By Kausika Raajan Varatharaajan

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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 ...

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Business November 10, 2021

Source to Pay software: The What? The Why? And the top 5 aspects to look out for By zumen

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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 ...

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Business November 05, 2021

Direct Material Sourcing - How Technology Can Ease its Complexity By zumen

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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 ...

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It is time the software tools catch up
with the Direct Material Procurement Lifecycle

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