Procurement pros are constantly plowing ahead no matter what types of challenging circumstances. You work to make strategic and effective decisions. The best procurement teams master the ability to mitigate risk, build resilience, improve financial controls, and at the end of the day save the company money.
Nothing is more frustrating for manufacturing, production and maintenance managers than watching equipment sit idle.
The workload for a procurement professional continues to grow. Maybe while you’re reading this, you’re scrambling to finish multiple projects. While you have a track record of completing those tasks on your own, there is another route you can take to elevate your procurement strategy and productivity. Partnering with a group purchasing organization (GPO), as your advisor, has the potential to take your role as a decision-maker to the next level.
Business rankings used to favor the same countries for years. But how about in a post-pandemic, digital world?
The digital era has become the new normal for most businesses – and often with that come customers with stronger budget restrictions. The logical approach is for businesses to look for new markets around the globe. But uncertainty prevails—where does it make sense to invest now?
Here's the break down of the top 5 countries to expand to based on GDP, purchasing power parity, and stability, and demonstrate solutions for cross cultural challenges amidst a digital age.
Facilities management (FM) in a manufacturing or warehousing environment covers the support services that are necessary to ensure the smooth operation of everyday production and distribution. The annual spend amount can be significant and includes both goods and services. A substantial portion of the spend involves Maintenance, Repair, and Operations (MRO).
Ransomware attacks continue to grow in number and sophistication. If you are responsible for IT and security management in your organization, knowing how to protect your organization against ransomware is a must. Members of OMNIA Partners can utilize Ricoh's various managed security services to help protect their organization against ransomware and prevent future attacks.
In the wake of COVID, the global marketplace is currently facing a number of supply chain and logistic challenges. Pandemic-related labor disruptions in the manufacturing industry have created shortages of raw materials such as plastics, computer chips and nickel, while a surge in consumer demand has strained the supply chain even further. Retailers are also facing global transportation issues, leading to increased freight costs and long shipping delays.
Category management is vital in strengthening your strategic procurement process. Originally designed as a project-based approach to managing the sourcing of goods and services, category management has grown to include: spend management and analysis, market intelligence, corporate reporting and governance. It is supported by the right people, tools and technology. Category management is the basis for delivering procurement value to organizations, beyond just negotiating better prices.
Employers should be aware of the dangers excessive heat has on employees. Hazards of heat exposure are most commonly associated with summer months, however, certain jobs can have extreme heat all year round, like foundry and boiler room work. Physical exertion coupled with heat and humidity can cause more than just discomfort. These variables can lead to a number of heat-related illnesses, some of which can be very dangerous. Make sure you know the signs of heat stress and how to prevent it.