While cost remains critical in any sourcing activity, don’t let it cloud your judgement when identifying potential supply partners. The five considerations highlighted in this blog are more important in the long run.
Strategic relationships with commodity suppliers will result in reduced risk and better long-term health for the supply chain, where organizations can insulate themselves from market risks, costs of high inventory, and high costs of supply shortages.
The ongoing US-China trade war may have your organization thinking about resourcing, so we’re here to tell you that it’s definitely possible. Follow the steps provided in this blog to move your production operation and avoid resourcing pain.
Procurement leaders are poised to unleash a wave of innovation by outsourcing non-essential operations, releasing themselves and their teams from the tactical day-to-day grind.
Companies who understand how their cost, time, and risk are balanced today and how they need to be to successfully serve their markets are poised to crush their competitors.
Follow these 8 tips to create an effective bill of materials to improve your team’s communication and collaboration, and ensure the reliability of its data.
Preparing your bill of materials the right way will set your team and next product launch up for success. Use these six steps to prepare the BOM for your next product.
Focus on these four areas when preparing for supplier negotiations and maximize your organization’s opportunity to generate the most procurement value.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.