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Formulation of a supply risk strategy is essential for a company to perform at its optimal potential. Failure to construct an appropriate strategy can turn your risk into reality. Some may argue risk in the indirect and MRO world is less risky. But in fact, shutting down a factory line due to lack of critical tooling is just as bad a shutting it down due to lack of direct materials. "Formulation of a supply risk...
There are many challenges for achieving supplier rationalization and standardization. A typical tactic deployed by procurement organizations is trying to reduce the variety of similar items that the organization purchases. The reasons for this rationalization go beyond cost savings and can include: Supplier diversity initiatives Supply mitigation and management Going green Ultimately, standardizing is not as easy as it may first appear. Take, for example, an organization with multiple manufacturing plants, each of which buys tens of...
MADISON HEIGHTS, MI, October 14, 2015 - Xeeva, Inc., a global provider of next generation, intelligent procurement solutions today announced that PayStream Advisors’ 2015 Source-to-Settle Solutions for Manufacturing Report that features Xeeva as an eProcurement technology leader has been released. The PayStream Advisors analyst team surveyed procurement professionals across a range of roles from global manufacturing enterprises to analyze current source-to-settle processing trends within the industry. Successful source-to-settle (S2S) management relies upon efficiency and coordination...