Spare Parts Procurement – What is it & Why is it Important? In the manufacturing of your goods, the focus is generally on the bigger picture. You have made sure that you have all the parts you need to create the desired whole. But what happens when you are missing one piece of the puzzle? […]
Machine Part Procurement – Differences Between Parts Purchasing & Procurement So often the words purchasing and procurement are used interchangeably – as if they are the same. Yet, these two terms are very different. Simply stated, purchasing happens when someone pays for goods and services. Procurement, however, includes the bigger picture – including the purchase. […]
How to Ship Dangerous Goods Many goods need to get from one place to another in order for businesses to continue running. And, sometimes this includes the transportation of dangerous goods. The Federal Aviation Administration (FAA) has a list of dangerous goods and how to handle them, as well as the United States Postal Service […]
4 Steps to Improve Procurement Efficiency Procurement does not have to be the difficult, involved process of yesteryear. Instead, today’s procurement processes are innovative, cost-effective, and efficient. Getting the right supplies at the right time and in the right location can be done with ease and sustainability – as long as you have the right […]
6 Essential Steps to Take for a Successful Sourcing Strategy A sourcing strategy is a means of obtaining the products (or services) you need at the best price. To do so successfully, you want to secure the products effectively and in a way that minimizes any risks. How do you do this? Follow these 6 […]
How Can Procurement Contribute to Increasing Profits? In business, making money and increasing profits are two major goals. And they can be accomplished by reducing costs. But, just how do you do that? By implementing effective procurement services. Let’s talk about how this works. A Streamlined System When you have a streamlined system, you have […]
Chemical Procurement – Safety and Best Practices Industrial production often uses many different chemicals and hazardous substances. In order to procure them and have them go through the supply chain safely, extra care and caution must be taken for all of those that come in contact with them along the journey. Let’s take a look […]
4 Strategies to Improve Your Supply Chain Having an efficient supply chain is crucial for the efficiency and success of your business. There are so many hands involved in getting something from one person to the next, including suppliers, warehouses, transportation companies of all types, distribution centers, and retailers. And there is even more involved […]
How to Manage the 4 Pillars of Global Procurement Global procurement is the process of buying raw materials, products, or services from companies all around the world. Rather than keeping business locally, they are able to secure what they need at a better price point, thus enabling them to maximize their efficiency and boost their […]
5 Projects that Titanium Oxide is Best Used For Titanium is one of the most common elements harvested from the Earth, and is also the metal that is most compatible with animals and the human body. Due to its abundance and mostly safe usage, there are many different types of titanium alloys. One particular alloy […]
