World of Procurement blog

MAY 8, 2024

Types of Procurement There are several types of procurement that organizations utilize: Direct Procurement Direct procurement involves purchasing raw materials and components that go directly into a company's end products. Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 12, 2018

Taking a holistic approach in order to achieve Inventory Turnover Breakthrough results meant that I needed to consider the End To End Supply Chain. Supply/Demand Planning. Given the volatility of Sales/Customer forecasts it is critical to have a flexible, lead time agnostic Supply Chain.

Inventory 45

Inventory Management Agile and Lean Supply Chain Raw materials 45

Supply Chain Game Changer

JANUARY 30, 2020

Subscribe to Supply Chain Game Changer. “We are a Supply Chain Services Company,” I was told. “If we are truly a Supply Chain Services Company, then why is our Inventory Turnover only at 7?”, I needed to meet with the company leaders in the Supply Chain function quickly.

Inventory 61

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 61

Supply Chain Game Changer

NOVEMBER 16, 2018

“We are a Supply Chain Services Company,” I was told. “If we are truly a Supply Chain Services Company, then why is our Inventory Turnover only at 7?”, I needed to meet with the company leaders in the Supply Chain function quickly. Supply/Demand Planning.

Inventory 43

Inventory Agile and Lean Supply Chain Supply Chain Optimization Replenishment ordering 43