Types of metal include alloys and pure elements; ferrous and non-ferrous metals. The article focuses on the different types and their uses.| Fractory
Design for sustainability focuses on reducing the carbon footprint of the product by using recyclable materials and green manufacturing ideas.| Fractory
Transportation costs are the expenses related to moving goods, such as operational costs, driver wages, and maintenance, among others.| Fractory
Design for Supple Chain (DfSC) can be a powerful way to lower costs over the whole product life cycle.| Fractory
Port congestion occurs when ships must wait at sea to dock and unload. This affects about 70% of 24/7 ports, including the world's top 10.| Fractory
Supplier tiering categorises suppliers and subcontractors into tiers based on their importance and proximity to the final product.| Fractory
Procurement transformation refers to the strategic overhaul of processes, practices and organisational structures to improve efficiency, effectiveness & value generation.| Fractory
SRM is a strategic approach to procurement process, involving the development and ongoing management of partnerships with critical suppliers.| Fractory
Generative AI’s impact on productivity could add trillions of dollars in value to the global economy—and the era is just beginning.| McKinsey & Company