When one thinks about what the cornerstone for a modern business today could be, the answer that usually comes to mind is a robust Enterprise Resource Planning System. While we have written extensively about the advantages of implementing a cloud-based ERP system, we believe that there is some merit in Continue Reading
Most of the manufacturing world has gone global. Access to larger markets drives higher demand for products and as manufacturers grow in size, so does the complexity of running their business. [Read More]
Modern day sourcing requires the procurement department to fully understand the cost drivers and be able to leverage appropriate sourcing tools to reflect savings in budget.
Strategic sourcing strives to optimize an organisations supply base while reducing Total Cost of Ownership. [Read More]
Now that we have introduced Strategic Sourcing and Industry 4.0 in our previous blogs, let’s dive right into the very foundation of Strategic Sourcing and how it helps create value through the purchasing process. [Read More]
Everyone in the manufacturing world is familiar with Kanban, the scheduling system for lean manufacturing and just-in-time manufacturing. This system was Toyota’s disruptive force to improve manufacturing efficiency. Based entirely on demand, organisations using this system significantly reduced waste as inventory is produced only when there is demand for it. [Read More]
There has been a major shift from HR’s traditional function of tactical management of employees to the development of strategic insight and value creation. But payroll remains predominantly a tactical function in most companies. It is easy to under evaluate and under appreciate the payroll function so long as employees get their salaries on time and this makes it difficult to explain to upper management, the need for change. [Read More]
Let’s take a step back from Strategic Sourcing and talk a little about how Industry 4.0 has been great for Procurement. Industry 4.0 is commonly referred to as the fourth industrial revolution. [Read More]