Alloy steel is a steel that has had small amounts of one or more alloying elements (other than carbon) such as such as manganese, silicon, nickel, titanium, copper, chromium and aluminum added. This produces […]

What are Valves?

Valves are type of mechanical devices that controls the flow and pressure within a system or process. They are important components of a piping system that flows liquids, gases, vapours, […]

An intelligent buyer always understands how the prices of your products or services changes according to the supply market conditions. If you want to get the insight about the cost drivers of supply market, you […]

Bearings is a mechanical device that help to reduce friction between rotating shaft or linear bodies.Ball bearings have spherical rolling elements and are used for lower load applications, while roller b […]

Cost Saving is reduction in cost that has tangible results. Direct Cost Saving such as lower prices paid and indirect cost savings like improved efficiency and productivity.

Cost avoidance is preventing or […]

Low Cost Country Sourcing is a one of the most discussed topic in Global Sourcing among procurement professional. The Audiopedia Describes Low Cost Country Sourcing very vividly in this YouTube video.

Low Cost […]

Benefit of Inventory Reduction

Inventory Reduction will release working capital for re-investment in other key business areas and maintain smooth cash flow for any business that operates with tight […]

How to do supplier selection who can deliver the best value proposition for our organization? There are several approaches. What I want to share with you today is selecting right supplier at various stages of our […]

The Internet of Things, Predictive analytics, Robotic process automation (RPA) and Social sourcing are Transforming Procurement through Technology.
Technology is the major catalyst for change in every business […]

Most of the manufacturing companies’ external Supplier Spend
is 50 to 70% of their sales revenue. But, how much do they invest in their
Purchasing Teams to achieve competitive advantage?

In a study by IBM in 2 […]

How to maximize the value of Supplier Interactions and uncover the hidden value and reduce risk of failure in procurement? Can we achieve this without spending extra money? Yes we can.

There are many ways […]

Supply Market Analysis is of utmost importance in Strategic Procurement because understanding our supply market is the key in making right procurement decisions, not only for procurement function but also for all […]

Why Supply Chain need its own Vision & Mission?

Most of the Companies Overall Vision and Mission is defined and the same vision and mission is directive for their Supply Chain functions also. But the […]

Effective supply management can boost
company’s sales in many ways like helping companies to bring products early to
market, improving product quality and pricing flexibility, driving supplier
innovation a […]

Procurement function is the center of attention because Procurement Savings have an immediate effect on the corporate result.

Time and again, organisations complaints that they do not have any method to […]

The concept of strategic sourcing was first introduced in 1994 by Toshihiro Nishiguchi Japanese Supply Chain Expert. He created a common strategic sourcing process based on multiple manufacturers across Japanese, […]

Be realistic -You will find a way!

Never accept supplier price increase demand at face value. As a buyer Our job is to try to reduce and delay the impact of any price increase to our company.

Next Ask […]

Ignoring Supplier Relationship could shatter Supplier-Buyer bonds. A positive relationship between Supplier and Buyer is must to maximize value from business interactions.

Why a sound relationships with […]

Major portion of the business processes are repetitive, mundane jobs. Only few business functions need actual human intervention to get the work completed.

Here comes the need of Business Process […]

In today’s highly competitive business environment  finding the opportunities for cost savings is possible through greater spend transparency, improved category management, more effective supplier re […]