Strategic sourcing delivers quick wins, while category management ensures those wins are sustained and integrated into long-term strategies.| Fractory
Kraljic matrix is used in procurement and supply chain management to categorise purchases and suppliers by their supply risk & profit impact.| Fractory
Procurement KPIs are quantifiable metrics used to track and assess procurement efficiency, cost reduction efforts, and supplier performance.| Fractory
Category management is an approach to procurement where similar products and services are grouped to consolidate spend and maximise savings.| Fractory
Spend analysis is the structured process of collecting, cleaning, classifying, and analysing procurement expenditure data.| Fractory
Should procurement report directly to the CFO, COO, or even the CEO? Or is it best positioned within supply chain or operations?| Fractory
Effective Inventory management strategies reduce costs, enhance customer satisfaction, and most importantly, increase operational efficiency.| Fractory
Warehousing includes various functions beyond simply storing goods, such as order processing, asset protection and managing inventory.| 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
There are many ISO standards to follow and certificates to acquire. Manufacturing companies usually target a few of them. Get to know the 5 most used ones.| Fractory
Sustainable procurement integrates ESG factors into decision-making, meeting business needs while minimising harm to the planet & society.| Fractory
Risk assessment matrix is a visual tool aiding proactive risk management, helping identify threats early & develop plans to minimise impact.| Fractory
Finding good sub-contractors for manufacturing your metal parts is not always easy. This list of steps will help you identify them.| 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
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