article thumbnail

Watch: The Crisis in Access to Critical Raw Materials

Supply Chain Brain

How should U.S. supply chains respond to China's threat to cut off access to critical minerals? Carrie Wibben Kaupp, president of Exiger, stresses the need for multi-tier visibility.

article thumbnail

What’s The Price (Buynamics): Vendor Analysis — Cost Management solution overview, competitors, user considerations, analyst summary

Spend Matters

A good product cost estimate enables organizations to test various options, from design, such as using raw material A or B, to sourcing options. When the price for raw materials rises, procurement professionals can be sure their supplier will be on the phone to set expectations of cost increases.

Price 123
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Spend Matters Future 5 2024: Why we chose True ValueHub

Spend Matters

alternative raw materials and shape of parts), Design-to-Cost and Design-to-Value to add significant value to the platform users over time. However, True ValueHub’s vision extends beyond should-cost approaches. It aims to incorporate best cost opportunities that include manufacturability design considerations (e.g.,

Buyers 117
article thumbnail

How to Streamline Your Work in Process Inventory Management!

Supply Chain Game Changer

Understanding Work in Process Inventory WIP inventory refers to partially finished products that come in between raw materials and the end product in the production process. Basically, work in process inventory is raw materials that are combined with direct labor but are not yet ready to be sold.

article thumbnail

Why Procurement Professionals Should Learn About S&OP

SCMDOJO

Discuss bottlenecks in the supply of raw materials or alternate sources to procure balance and level production plans. Save $49 and Optimize Your Indirect Procurement Functions Now! Conclusion: Procurement Professional inputs can be vital during the S&OP review.

article thumbnail

Direct vs Indirect Procurement: Key Differences, Challenges, and Opportunities

ivalua

Direct Procurement, or direct sourcing , is the end-to-end process organizations follow to manage the procurement of direct materials – any materials, parts, or components that are directly incorporated into the products being manufactured.

article thumbnail

Procurement transformation 2025: Why invest in procuretech and how to make the case – Prewave

Spend Matters

In procurement, the infinite nature of deep supply chain mapping from raw material to end product is a practically textbook use case for AI. Industry trends and regulatory shifts driving urgency for procuretech investment in 2025 On a macro level, digital transformation and technological advancements impact all industries.