Technology
Powering circular supply chains
Traditional manufacturing supply chains based on the principle of make-use-discard, that have historically served the marketplace well, are no longer sustainable. Circular service supply chains are developing that promote the return and refurbishment of one-time-use [...]
What is spend analysis and why is it important?
Spend analysis is the practice of analyzing procurement spend to decrease costs, increase efficiency or improve supplier relationships. Reports generated from the analyses provide recommendations based on facts, not assumptions. Decisions can be made on how to [...]
Data integrity means a stronger supply chain
Companies that place a high value on data integrity have a competitive edge. Accurate inventory reports are crucial.
Spend data categorization – what is the best method?
Spend categorization does not have to be painful. Granted, it can be time-consuming and demanding, but the time spent on developing a robust category structure will pay off handsomely.