With a huge decentralized customer base and millions of products, services, and transactions, we always come across MRO category management. It has a high opportunity for cost savings. Implementing a trustworthy plan to manage MRO categories brings a bright future and is feasible by including all key stakeholders in the supply chain operations. [...]

MRO procurement process gets clumsy when business underestimate the amount they spend on MRO products over a span of time and misunderstand the serious hidden costs associated with MRO procurement. Having an effective master plan always improve the bottom line of an organisation. Here are the proven strategies for controlling MRO procurement cost. [...]

New technologies always assure values and switching to rapid advancements is important because of the pandemic effects. Digital solutions help in mitigating risk, building feasible savings schemes like reducing duplicities in procurement operations, improving supplier contract consent, and finding new business needs. Industries are even adopting cloud-based technologies to manage their supply chain figures and fetch them with ease as needed.[...]

MRO Optimisation best practices help a business consolidate MRO data and keep appropriate MRO supplies to keep the operations running smoothly. Although, the perfect procurement process is a myth, optimising supply chain, managing supplier relationships, Digitalization, and improving procurement efficiency from time to time after evaluating the efficacy of current processes brings goodness.[...]

Let's start this new year with a little know-how of procurement consolidation of online industrial goods and services with Industrykart. A combined PO or a Blanket Purchase order is generally employed when a business is in dire recurring need of expendable goods. [...]

Procure-to-pay (P2P) process is a difficult one to manage always. But the result is always rewarding. The intra- and interdepartmental association in dealing with the right vendor, deal negotiations, expenditure reduction with the help of inexpensive, flexible, non-archaic methods strives to ease the P2P process.[...]

One of the major locales that leave enough room and has extreme potential for large cost savings and enhanced efficiency in the supply chain industry is in the procurement of indirect materials that are not directly utilized for the manufacture of industrial goods and services but are of paramount importance for maintenance, repair, and operation of the companies. But many challenges are encountered in the MRO procurement system. [...]

Celebrating festive periods with employees brings a rhythm of deliberation, and many employers admire this season to appreciate their employees for their hard work throughout the year with a gift or reward. Acknowledgement from the management plays a focal role in employee retention and job satisfaction. It gives a positive impact on employee mental well-being. With the ongoing pandemic and the move to a hybrid, digital workspace, companies are left crawling to fill the void in their employee engagement strategy. So, coming up with a personalised or tailored gift ensures fair message.[...]

Business is about bridging gaps and Customer Engagement is the biggest asset of any business. An organization should do everything in order to keep valuable customers engaged at all times because a customer can create or smash a business. Nowadays, buyers are increasingly using Sustainability criteria to evaluate potential Suppliers. But customer engagement is a tough takeover to pull off. Although, Sustainability is an ongoing practice but Focusing on Supply Chain Sustainability is mandatory to satisfy multiple diverse objectives such as maximised profits with minimised environmental impacts and enriched social responsibility. [...]

Effective Stakeholder engagement and clear Communication is a key to procurement success in an organization. To strategize the outcome of an organizational goal, contacting stakeholders is important. Developing compatible relations, understanding the details of their procurement estimations, and to maintain consistency in communication lets an organization to achieve its objectives as effectively as possible.[...]