Procurement Cycle Explained | Fractory
We break the procurement life cycle into 3 phases: planning & strategy, sourcing & contracting, contract management & close-out, outlining the key steps in each phase.| Fractory
We break the procurement life cycle into 3 phases: planning & strategy, sourcing & contracting, contract management & close-out, outlining the key steps in each phase.| Fractory
Category management is an approach to procurement where similar products and services are grouped to consolidate spend and maximise savings.| Fractory
Strategic sourcing is a proactive approach to supply chain management—analysing spend, building supplier relationships, and focusing on total cost to cut risks and improve quality.| 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
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
Design for sustainability focuses on reducing the carbon footprint of the product by using recyclable materials and green manufacturing ideas.| 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
