The Blog for Business Performance Improvement
Comprehensive preventive maintenance and asset management ensure both the functionality, and efficiency of high-value equipment at a given business throughout its lifecycle. Yet, without an equally comprehensive auditing and …Read More
When negotiating payment terms with suppliers, manufacturers must pay special attention to avoiding risk. A balanced supply contract ensures a mutually beneficial agreement between both parties, but if the language concerning …Read More
The Freight Debate: How should businesses approach freight spend management to achieve the greatest results? When businesses suffer from high operational costs, they don’t start by making indiscriminate cuts to balance their …Read More
What best practices should businesses adhere to when involved in supplier negotiations? Direct negotiation ought to take all the guesswork out of supplier agreements. However, when done without careful consideration, supplier …Read More
For spend managers at these organizations hoping to push their enterprise into the 21st century, what value could be achieved by concentrating spend where it’s needed most? Enterprise spend management stresses the value of …Read More
In manufacturing, indirect spend reductions can have a deeper, more profound impact than other industries. What must manufacturers do to optimize indirect spend management strategies? Traditionally, indirect procurement spend …Read More
Where can the food and beverage industry reduce procurement costs for better strategic sourcing? Strategic sourcing isn’t achieved overnight – it’s a discipline honed over the lifetime of a given business. High …Read More
Can smarter asset management and maintenance strategies address mining issues of today, as well as those on the horizon? When they supply manufacturing and other process industries with the minerals they need to service their …Read More
What do low oil prices mean for how companies source and manage their supply chains? As economists know, price fluctuations for commodities like oil impact more than the oil and gas industry – as a source of energy, and a …Read More
Innovation is driven by technological advancements, but far too often, manufacturers across all industries are overly concerned with how to bring the cutting edge to their products as opposed to their processes. The Big Data movement, …Read More
