World of Procurement blog

MAY 8, 2024

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Examples include raw ingredients for food manufacturers, fabrics for clothing brands, and parts used in automotive assembly. Purchasing focuses specifically on the buying transaction.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

SEPTEMBER 29, 2020

Subscribe to Supply Chain Game Changer. In our experience the best way to systemically, and sustainably, optimize inventory is to take a process based inventory turnover improvement approach. The global Inventory management business processes that we focussed on made phenomenal improvements: Supply/Demand Planning.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

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