SPONSORED
This article brought to you with: Finale Inventory.
See how Finale Inventory helps you improve and scale your operations with their all-in-one, multi-channel inventory management solution.
*By submitting this form, you give permission to Finale Inventory to contact you with more information.
You don't have permission to view this page! Make sure you're logged in and try again, or contact support.
…Carefully curated procurement & supply chain issues that make you look smart, sent to your inbox every week.
PLUS: Get the FREE Procurement Case Study when you subscribe: “How McDonald’s Overcame Global Supply Chain Obstacles”
Image via Flickr by Mark Hillary Outsourcing the production of goods is not a new thing. Companies know they can manufacture most products for cheaper overseas and still charge consumers high prices. Consumers don’t blink an eye because it is a common business practice that they’ve come to accept. Outsourcing is a business decision —…
Image via Flickr by Nick Saltmarsh Globally, about 40 percent of the food humans grow end up wasted before it reaches the table of a hungry family. Much of the waste occurs in third world countries, where the supply chain infrastructure is insufficient to harvest, prepare, and ship foods quickly enough to prevent deterioration. Until…
Image via Flickr by familymwr Advances in web technology have opened a door of opportunity for procurement professionals. With an automated procurement system, including pay-to-procure, in-house, and stand-alone marketplaces, e-procurement provides a means for reducing costs, standardizing processes, and more. It’s a tactic being used by government agencies and companies in both private and public…
Image via Flickr by jurvetson For years, companies in the U.S. have found it cheaper and more efficient to manufacture goods in China, which helped make China the world’s second-largest economy. This, however, also decreased manufacturing gains in America. In 2014, experts have seen a steady reversal, causing China’s economy to struggle. Conversely, the economic…
Image via Flickr by ilamont.com The average modern business spends most of their IT budget on simply maintaining their network, leaving only a small amount available for upgrades and innovations. With the rate of advancements in technology, keeping up isn’t always easy. Many companies are turning to cloud computing for a cost-effective solution.Oops! You don’t…
Image via Flickr by Marcin Wichary While a company is small, procurement is simple. As the organization grows, however, the process gets muddled and becomes less efficient. For example, the federal government has grown to the point of inefficiency at which it spends $800 per American per year on goods and services! If your procurement…