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Identifying & Exploring Pillars of Strategic Procurement

Identifying & Exploring Pillars of Strategic Procurement

Procurement excellence help businesses improve cost efficiency and drive better business values. Every organization aims to ensure the timely supply of goods and services in line with business goals at reduced risk involved within the supply chain. Co-operation from all departments is needed throughout the organization to source and regulate external resources such as identifying the need for goods or services, evaluating and choosing strong suppliers, negotiating prices and creating buying contracts to get the best. [...]



Lean MRO Inventory through AI & Data Analytics

Lean MRO Inventory through AI & Data Analytics

MRO Inventory may vary from company to company but Leaning MRO (Maintenance, Repair and Operations) Inventory through Artificial Intelligence is important for a firm to run straightforward with efficient productivity in the long terms. In case of any breakdown or any mishap, Lean MRO Inventory can tell about the availability of items very quickly and protect an organization from Overproduction, Waiting time, Transportation, Scrap and others. [...]



How Covid Digitalised the Industrial MRO procurement ecosystem

How Covid Digitalised the Industrial MRO procurement ecosystem

COVID-19 has created a remarkable impact upon the world of business, as supply networks for industrial processing and multinational manufacturing have been seriously affected. Maintenance, Repair and Operations (MRO) are strictly important for the seamless running of companies, any breakdown in the MRO supply chain can lead to massive operating costs due to interim suspension. But with the worldwide disruption, industries are striving to maintain as much conti-nuity as possible in their machine-parts and maintenance material supply. This is having an ex-ponential effect on the whole MRO supply chain.[...]



Why Digital Commerce is new Norm for OEMs

Why Digital Commerce is new Norm for OEMs

Digital level has emerged as the primary facet for consumers due to the onset of COVID-19 and the resulting enforcement of lockdowns across countries gave way to the emergence of online shopping in many industries. Digital revolution continues to reshape consumer lives, industries, and economies every day. Buying and selling of goods and services using the Internet, smartphones networks, and commerce infrastructure.[...]



Supply Chain Transparency with Effective Supplier Risk Management

Supply Chain Transparency with Effective Supplier Risk Management

To make the Supply Chain transparent, usually online-verification codes are given to consumers but the effort required can inhibit widespread adoption. We all know that Supply chain transparency is a process in which companies get to know about the correct happening upstream in the supply chain and to communicate this useful knowledge both internally and externally. This process has become increasingly precious due to the more demands of consumers for the sake of safety. [...]



WORK PLACE SAFETY (PPE)

WORK PLACE SAFETY (PPE)

Workplace safety becomes utmost important if an organization has to get fruitful outcome in accordance with their employees. It has been said that everyone needs more protection to stay away from exposure of specific hazards in order to do more work. PPE refers to equipments which protects every worker against health risks during job. [...]



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