Procurement in manufacturing industries

10 Critical Procurement Issues to Resolve for Manufacturing Companies

Oct 25, 2022 • 3 min read

Main procurement challenges faced by manufacturing companies include managing supplier risk, ensuring quality and compliance, controlling costs, maintaining inventory, sourcing raw materials, managing logistics, adapting to new technology, finding skilled workers, cybersecurity, and embracing Industry 4.0.

9 Steps for a Robust Quality Management System in Manufacturing Companies

Aug 2, 2022 • 3 min read

Implement a successful procurement QMS for manufacturing with steps including defining quality standards, supplier evaluation and selection, supplier audits, performance monitoring, controlling goods quality, complaint management, employee training, and continuous improvement.

4 Key Features of Procurement in Industry 4.0

Jul 6, 2022 • 2 min read

In Industry 4.0, procurement plays a crucial role with advanced technologies like AI, IoT, and big data driving procurement towards efficiency and cost savings. Key elements include data analytics, automation, collaboration, communication, and sustainability. Procurement professionals' role is becoming more strategic and critical in the fourth industrial revolution.

3 Benefits of Procurement Process Mapping for Manufacturing Companies

May 30, 2022 • 2 min read

Procurement process mapping improves manufacturing efficiency, reduces costs, and increases performance. It identifies and eliminates bottlenecks in procurement, reduces lead times, and improves supplier relationships. Implementing procurement process mapping leads to cost reduction of 10-15% and lead time reduction of 20-30%.

The Top 6 Industry-Specific Procurement Regulations

Jun 15, 2022 • 2 min read

Procurement professionals play a crucial role in ensuring industry regulations compliance. They must source and purchase goods and services while ensuring they meet specific regulations for their industry. The goal is to protect public health and safety.

8 Steps to Create an Effective Procurement Process Manual

Jun 12, 2022 • 3 min read

Creating a procurement manual involves defining procurement policy, determining roles and responsibilities, establishing procurement procedures, defining criteria, developing a communication plan, evaluating supplier performance, and providing training. A comprehensive procurement manual helps streamline procurement activities and protects the organization from potential risks.

5 Steps to Use Strategic Procurement for Optimizing Manufacturing Operations Management

Jul 6, 2022 • 4 min read

Procurement plays a critical role in manufacturing operations management by ensuring the availability of necessary materials, supplies and equipment in a timely and cost-effective manner. A robust procurement system, with features like automated order tracking and supplier performance monitoring, can streamline the procurement process and help organizations reduce costs.

Elevating Aerospace Procurement: Tools and Success Stories

Mar 21, 2023 • 4 mins

Unlock the potential of aerospace procurement with cutting-edge tools. Streamline processes, cut costs, boost efficiency, and nurture strong supplier relationships. Leverage real-time data analytics for optimized decision-making, heightened compliance, and agile responses to market demands. Stay ahead in a dynamic industry by harnessing the power of procurement tools.

Digital Tools Driving Procurement in the Pharmaceutical Industry

Mar 10, 2023 • 3 mins

Amidst the challenges posed by COVID-19, regulatory pressures, and competition, procurement in the pharmaceutical industry drives success. Strategic supply chain management, cost reduction initiatives, and supplier collaborations navigate hurdles effectively. Digital tools play a vital role, enabling efficient procurement processes, cost savings, and enhanced supplier collaboration.

Balancing Compliance and Innovation in Pharma Procurement

Mar 17, 2023 • 4 mins

Pharmaceutical procurement requires a delicate balance between cost control and access to innovative medications. Robust logistics and inventory management systems are needed to maintain product integrity, while regulatory standards and intellectual property protection must be upheld. Successful procurement is crucial for delivering life-saving medications and ensuring company success.

Procurement Challenges in Machinery & Automation: Effective Strategies for Success

Mar 24, 2023 • 4 min

Procurement in the industrial machinery and automation sector come with a range of challenges, from supply chain complexity to price volatility. In order to tackle these challenges, companies need to counter price volatility, ensure quality control, and overcome talent shortages. Dive into the dynamic world of procurement in this evolving industry.