Procurement has long been viewed as a cost-control function, focused on securing the lowest prices from suppliers. However, forward-thinking businesses increasingly recognise procurement as a strategic asset—one that can drive […] The post Why CFOs Should Invest in Procurement: Aligning for Strategic Value appeared first on Fractory.| Fractory
Explore Europe's supply chain workforce: its role, challenges like ageing population and skills gaps, and how tech and education trends shape its future.| Fractory
The EU Supply Chain Act is coming... Discover what this act entails, how it will affect businesses, and what they need to do to prepare.| 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
Types of metal include alloys and pure elements; ferrous and non-ferrous metals. The article focuses on the different types and their uses.| Fractory
Project management triangle states that maximising cost, speed and quality at the same time is impossible. We look how to achieve an optimal solution.| 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
Value Engineering aims to provide required functionality at the best cost, while Cost Engineering accurately estimates and controls costs.| 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
SRM is a strategic approach to procurement process, involving the development and ongoing management of partnerships with critical suppliers.| Fractory