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
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
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
Cloud manufacturing is the next step in the manufacturing industry, with the aim of sharing the market's capabilities with any party.| 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
Cost reduction in manufacturing is usually looked at from the same old angle - production costs. We have some new ideas to share with you!| Fractory
Lean manufacturing techniques are great for maximising productivity and quality, all this while minimising waste and costs.| 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
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
Value Engineering aims to provide required functionality at the best cost, while Cost Engineering accurately estimates and controls costs.| Fractory
Supplier tiering categorises suppliers and subcontractors into tiers based on their importance and proximity to the final product.| 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