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. [...]

As Compare to Traditional Paper based Analog and Manual patterns, Punchout Catalogue for MRO Sourcing give modern procurement teams an authentic method to improve not only the speed and accuracy of purchasing processes, but also deliver an Improved Communication with Better Productivity due to faster order processing. Buyers can find better details about items along with their availability, available discounts and related shipping costs in order to book within their purchasing system, which will be updated by the prestigious suppliers in real-time. [...]

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. [...]

Every organization dreams to pay the best prices for goods or services, saves time by choosing the most reputable vendors, and seeks minimize order delays and faults. Moreover, Supplier, Manufacturer, and the Customer have to be in a single Digital Ecosystem where all relevant data and information can be accessed immediately in the cloud.[...]

The challenge of MRO procurement is growing and putting every organization in a need for smarter MRO Procurement. Digital Solutions are adapting gradually for capturing and sustaining more values in MRO Procurement and Supplier Selection Automation system. They are helping procurement functions better understand, analyze, and improve their MRO spend which leads to better contract compliance, inventory reductions of up to 30 percent, and cost savings of 15 to 20 percent. More broadly, these technological solutions can help procurement functions build critical digital infrastructure and analytics capabilities, turning MRO into a value driven category that sets a new edge for alliance between procurement and operations. [...]

Uncovering hidden opportunities in Procurement process is a call for fast-paced business environment and a key to direct business resources successfully. It carries a big array within an organization ranges from R&D and product development to supply chain engagement, demand forecasting, and marketing and customer hopes. An optimized process realised through innovation will not only boost efficiency and reduce cost but also increase the organization’s grace in acknowledging market demand and consumer expectations. [...]

Procurement excellence help businesses improve cost efficiency and drive better business values. Every organization aims to ensure the timely supply of goods and services in line with business goals at reduced risk involved within the supply chain. Co-operation from all departments is needed throughout the organization to source and regulate external resources such as identifying the need for goods or services, evaluating and choosing strong suppliers, negotiating prices and creating buying contracts to get the best. [...]

Safety comes first always! Nowadays LED Lighting has been demanding more in order to reduce energy costs and lower maintenance costs. Electronic LED lighting is proven to be more energy efficient and longer lasting than traditional illumination, high pressure sodium, or metal halogen lighting. There are numerous benefits of using LED Lighting in factory apart from its common longer life feature. Due to how they are built and how they function, LED lights comes with a promise of providing Energy efficiency utmost. [...]

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.[...]

Procure to pay (P2P) process has always been hard. The cross-departmental alliance of getting right vendor, negotiating deals, reducing expenditure, and looking schemes to automate the goods buying cycle doesn’t come good without its own glitches. Although Procurement challenges vary business to business and based on an organization’s size. Here are few common procurement challenges that visit businesses of all sizes. [...]