Supply Chain

outsourcing

Contract Manufacturing Advantages & Disadvantages – Truventor

Contract manufacturing alludes to the act of outsourcing production to particular organizations. At the point when you outsource manufacturing to a firm for example as Truventor, you save up on labour costs, save time and assets, and are ensuring that your products will satisfy the set

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What Is Spend Analysis? How To Do It Right?

Spend analysis is the important procedure of collecting spend information from each buying resources, cleansing that data, analyzing and categorizing that data to understand spending patterns and identify saving opportunities. The data included in the spend analysis may incorporate buying data, payment data, P-card spends data and credit card data. Procurement/ strategic sourcing experts are generally liable for conducting spend analysis in the organization. The data isn’t just helpful for sourcing experts yet additionally for budget owners and management.

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Manufacturing Technology

Challenges faced by engineering – MSME of India

India is a country of MSMEs (Micro,Small and Medium Enterprises) where of every 100 industrial entities, 95 fall in the category of MSME. With the recent change in definition of MSMEs by the India government, the number will increase even further. [ux_image_box img=”9561″] [/ux_image_box] These

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efficient procurement process flow
Procurement

Efficient Procurement Process Flow

Procurement, as a function, is an unavoidable aspect of all business associations. To operate and help the expansion and optimization of performance, organizations acquire different goods and services from external suppliers. If organizations expect to harness the power of globalization, they have to work with the best local suppliers at the most ideal price. When procurement can enable an organization to accomplish its tactical as well as strategic goals, it is doing it right!

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Measuring Purchasing Efficiency _ Purchasing KPI's
Procurement

Procurement Vs Supply Chain Management

In today’s industry-driven environment, we have often come across the terms procurement and supply chain management. Even though we have heard it many times, many of us still don’t have a clearer understanding of these terms and often get confused and end up using the two words interchangeably. So today we are going to dig in a little deeper into the two and find out what exactly these two words stand for in the industry.

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