Design for Assembly offers a set of principles to follow when looking to design and develop cost-efficient products.| Fractory
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Design for X (DFX) helps engineers to keep different aspects of the product life cycle in mind already in the design phase. Learn how...| Fractory
The product life cycle is a powerful administrative tool that maps the different phases a product goes through from its launch to withdrawal.| 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
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
In 2024, supply chains face an amplitude of challenges, such as geopolitical tensions and labour & raw material shortages, to name a few.| Fractory
Supplier tiering categorises suppliers and subcontractors into tiers based on their importance and proximity to the final product.| Fractory
Procurement, often referred to as strategic sourcing, is the process of acquiring the goods and services a company needs to operate.| Fractory
Engineering, Procurement & Construction projects entail all aspects of design & construction for a client, culminating in a turnkey handover.| 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