Why not ERP? Many companies look to their ERP system and the procurement tools it provides to identify supplier sources for materials and services required in the cost estimation process. […]
Sustainability continues its upward trend as an operating and social conscience metric for companies of all kinds. Customers in all markets consider it strongly when deciding on the source of […]
Business activity in the industrial sector is characterized by a relatively volatile marketplace, one impacted by global economic forces and longer-term trends. This environment along with the scale and costs […]
Manufacturers ask their Distributors to handle kitting for them as part of their outsourcing of non-core tasks. Kitting entails collecting a bunch of related parts into a single kit that […]
You’ve finally keyed in the last piece of information into your costing spreadsheet – after days of back and forth with suppliers – and submitted your quote to the client. […]
In today’s global marketplace, leveraging low-cost suppliers in countries around the world has made the business of sourcing products and services increasingly more complex and challenging. Accessing and communicating with […]
The business world is ever-changing, with an increasing number of challenges for organizations to deal with daily, such as labor shortages and supply chain bottlenecks. To stay competitive, businesses need […]
Distributors are in a jam. Freight costs are skyrocketing across the board, some have reported a jump in rates as high as 800% over the 12 months, due to many […]
“Supplier Management” is a widely used and well-known term in the supply chain world, but in practice it can mean different things to different people. Different Industries have identified the […]
Cost engineering manages project costs through tasks such as cost control, estimation, cost prediction, risk analysis, and investment appraisal. It is vital in terms of calculating return on investment when […]
