Procurement departments should clearly define a mutually agreed upon approach to calculating cost avoidance with other departments such as finance and corporate leadership to fully realize its value.
The supply chain becomes exponentially complex as production volumes grow, so we recommend following these four steps when increasing production from low to mid volume.
Engaging your supply chain team earlier in the new product development process to help lead design decisions will help reduce your product’s cost, timing and risk.
In a world where it’s difficult to predict project outcomes, it pays to have a diverse project portfolio to offset projects that end up underperforming expectations.
Startup founders and employees find themselves getting asked questions about their supply chain daily, whether it’s coming from potential investors, partners, job candidates or other team members, and the ability to answer those questions with confidence can set a company apart from its competitors.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.