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
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
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
SRM is a strategic approach to procurement process, involving the development and ongoing management of partnerships with critical suppliers.| Fractory
