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
Should procurement report directly to the CFO, COO, or even the CEO? Or is it best positioned within supply chain or operations?| 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
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
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
Design for Supple Chain (DfSC) can be a powerful way to lower costs over the whole product life cycle.| 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
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