Construction companies face a host of challenges in the post-COVID era. The workforce shortage reached half a million this year, and many sectors continue to grapple with increased lead times, and volatile material costs. In fact, 71% of all companies said the cost of...
Procurement is a critical part of any business, especially in the automotive industry. With ever-changing customer demands and supply chain disruptions, the last thing you need is a complex sourcing strategy that can lead to engaging the wrong suppliers. Auto...
Updated July 2024. Automotive sourcing is complicated, and few supply chains are as complex. Manufacturing is a global endeavor, with assembly plants located across the world – many of which work on a “just-in-time” basis. New vehicles contain thousands of parts,...
Automotive purchasing has been a hot topic in recent years. With the pandemic, global economy, and inflation shaking up the industry, reliable suppliers have become a major issue for companies involved in heavy industry procurement. Luckily, Artificial Intelligence...
Few industries are as massive and complex as the nearly $5 trillion chemical manufacturing industry. Globally, it plays a vital role in the economy, employing around 20 million people. Chemical manufacturers turn an array of raw materials—gas, minerals, metals, and...
A new year offers an opportunity to reflect on the past, learn from it, and prepare for the future. Of course, old problems don’t suddenly disappear because one year ends and a new one begins. But hopefully, we can incorporate what we’ve learned into our day-to-day,...
This blog was refreshed on October 17, 2023. Procurement professionals of all types face a challenging and dynamic work environment. But those in the health and pharmaceutical industries grapple with an array of formidable challenges, exacerbated by the demands of the...
Food and beverage producers have undergone sweeping changes over the past several decades. Technology innovations have been massive, changing how food is grown, processed, and purchased. There have also been widespread and dramatic changes in how companies work with...
There is no debate regarding how critical the supplier-client relationship is within the procurement industry. And while much has been written about how procurement can improve relationships with suppliers—especially with the current supplier-centric economy—far less...
Construction companies face a host of challenges in the post-COVID era. The workforce shortage reached half a million this year, and many sectors continue to grapple with increased lead times, and volatile material costs. In fact, 71% of all companies said the cost of...
Procurement is a critical part of any business, especially in the automotive industry. With ever-changing customer demands and supply chain disruptions, the last thing you need is a complex sourcing strategy that can lead to engaging the wrong suppliers. Auto...
Updated July 2024. Automotive sourcing is complicated, and few supply chains are as complex. Manufacturing is a global endeavor, with assembly plants located across the world – many of which work on a “just-in-time” basis. New vehicles contain thousands of parts,...
Automotive purchasing has been a hot topic in recent years. With the pandemic, global economy, and inflation shaking up the industry, reliable suppliers have become a major issue for companies involved in heavy industry procurement. Luckily, Artificial Intelligence...
Few industries are as massive and complex as the nearly $5 trillion chemical manufacturing industry. Globally, it plays a vital role in the economy, employing around 20 million people. Chemical manufacturers turn an array of raw materials—gas, minerals, metals, and...
A new year offers an opportunity to reflect on the past, learn from it, and prepare for the future. Of course, old problems don’t suddenly disappear because one year ends and a new one begins. But hopefully, we can incorporate what we’ve learned into our day-to-day,...
This blog was refreshed on October 17, 2023. Procurement professionals of all types face a challenging and dynamic work environment. But those in the health and pharmaceutical industries grapple with an array of formidable challenges, exacerbated by the demands of the...
Food and beverage producers have undergone sweeping changes over the past several decades. Technology innovations have been massive, changing how food is grown, processed, and purchased. There have also been widespread and dramatic changes in how companies work with...
There is no debate regarding how critical the supplier-client relationship is within the procurement industry. And while much has been written about how procurement can improve relationships with suppliers—especially with the current supplier-centric economy—far less...