Are 21st-century supply chains worth as much to manufacturers as the capital they invest in them? Here are a few indicators of supply chain spending may require significant retooling very soon: 1. Optimization efforts that show no …Read More
Are 21st-century supply chains worth as much to manufacturers as the capital they invest in them? Here are a few indicators of supply chain spending may require significant retooling very soon: 1. Optimization efforts that show no …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
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
Have you ever sent someone to the grocery store with a list of items to buy along with the money necessary, then had them return home after spending more than you gave them/budgeted? And that they bought flank steak instead of ground beef and …Read More
