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
Category management is an approach to procurement where similar products and services are grouped to consolidate spend and maximise savings.| Fractory
Effective Inventory management strategies reduce costs, enhance customer satisfaction, and most importantly, increase operational efficiency.| 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
Warehousing includes various functions beyond simply storing goods, such as order processing, asset protection and managing inventory.| Fractory
CAD software has become a mainstay in every engineer's toolkit because of the advantages it offers over paper & pencil. What are they?| Fractory
Cloud manufacturing is the next step in the manufacturing industry, with the aim of sharing the market's capabilities with any party.| Fractory
Risk assessment matrix is a visual tool aiding proactive risk management, helping identify threats early & develop plans to minimise impact.| 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
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
SRM is a strategic approach to procurement process, involving the development and ongoing management of partnerships with critical suppliers.| Fractory