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Blog
Best Practices for Overcoming Challenges in Indirect Procurement
While we might think of procurement as a single discipline, it’s more complicated than that. There is direct procurement, which is what most people think of when they hear the term “procurement.” This is the sourcing of the raw materials needed for production....
Three Best Practices for MRO Sourcing
This blog was refreshed on October 12, 2023. Procurement teams don’t just ensure that the raw materials, components, and parts arrive on time, on budget, and on spec. In many organizations, the procurement team is also responsible for Maintenance, Repair, and...
Raw Materials Procurement – Using Predictive OTIF Helps Stay Ahead of Price Increases
Raw materials procurement can get chaotic, so it’s vital for raw material procurement teams to find the best ways to procure raw materials while staying ahead of price increases. One way they can do this is to use predictive on time in full (OTIF) to avoid...
Logistics Procurement: When to Optimize for Cost vs. Stability
When you talk to sourcing professionals, one of the procurement challenges that will repeatedly be raised is logistics. The transportation of materials and supplies to production locations, and the delivery of finished products to customers. Logistics is...
Predictive Sourcing: The Solution to Price Increases and Shortages
If you’ve been searching for a way to get ahead of price increases and shortages, predictive sourcing might just be the light at the end of the tunnel you have been searching for. Bringing together the procurement and supply chain communities, we hosted a webinar on...
3 Things Procurement Gets Wrong About CapEx (and How You Can Get It Right)
This blog was refreshed on October 16, 2023. When it comes to procurement, CapEx (Capital Expenditure) is often overshadowed by OpEx (Operational Expenditure). However, as industries undergo transformative changes, CapEx procurement is gaining prominence....