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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: Supply Chain

Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain December 12, 2022

Procurement in Superstar Rajinikanth's Style By Kausika Raajan Varatharaajan

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Superstar Rajinikanth is a phenomenon. His stardom transcends beyond the city, state, and country borders. And it would not be a surprise if our friends from outer space celebrate him. For some, he is a ...

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Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain September 29, 2022

Importance of Supplier Selection Criteria in Establishing Strategic Sourcing By zumen

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According to the Aberdeen report on strategic sourcing, 68% of the survey respondents believe that strategic sourcing plays a huge role in their organization.   53% of the survey respondents believe that a top strategic ...

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Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain 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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Supply Chain July 08, 2022

Wimbledon - A Procurement Excellence By zumen

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Champagnes, strawberries, and 50K tennis balls behind a spectacular event Wimbledon – an event that personifies everything British is back to its original form after a 3-year sabbatical. Every product and aspect of Wimbledon is ...

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Supply Chain 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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Supply Chain May 25, 2022

Direct Material Procurement Life Cycle Guide - Part 1 By zumen

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The objective of this guide is to explain the Direct Material Procurement Lifecycle — details, exceptions, and complexities — in the context of product manufacturing industries. This would include companies in such industry sectors but ...

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Supply Chain May 09, 2022

Strategic Sourcing: The 7 step sourcing process By Kausika Raajan Varatharaajan

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  Strategic Sourcing is no longer a Good-to-Have Working closely with suppliers and internal stakeholders brings innovation and greater efficiency to the procurement lifecycle. Strategic sourcing is a proactive process that involves continuous improvement and ...

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Supply Chain March 30, 2022

The Global Sand Shortage: One more Reason to Build a Crises-Proof Supply Chain By Kausika Raajan Varatharaajan

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Sand is a ubiquitous commodity. We know that sand is present everywhere, blanketing deserts, lining coastlines, and covering riverbeds. From the Sahara to Arizona, there are billowing dunes of these brown granules everywhere. Yet, there ...

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Supply Chain September 28, 2021

Supplier Management : A modern & automated approach By zumen

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Supplier Management: In traditional Supplier Management, the focus was only on cost reduction. The buyer-supplier relationship did not extend beyond that. Today, it is recognized that Suppliers play an important role in the long-term success ...

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Supply Chain September 26, 2021

SCRM : Mitigating Supply Chain Risks with a Resilient Procurement Platform By zumen

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Supply chain risks: Unforeseen delivery bottlenecks put companies under acute pressure to act. Events such as the COVID-19 pandemic, blocking of the Suez Canal, or fire at one of Renesas’ factories (Supplier for automotive controller ...

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

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