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Posts
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Target Costing: A Blueprint for Procurement Engineers
26.09.2024Achieving cost efficiency while delivering high-quality engineered solutions is essential for success. Target costing is a strategic approach that integrates cost management into both product design and development, ensuring that […]
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Direct vs Indirect Procurement – What’s the Difference?
11.09.2024From raw materials to office supplies, procurement is the backbone of any business. It involves the entire acquisition process, from identifying suppliers and negotiating contracts to managing deliveries and ensuring […]
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Supply Chain Issues: Transportation Cost
15.08.2024Supply chains constantly face several challenges, including fluctuating demand, inventory shortages, and port congestion. Among these, rising transportation costs have emerged as a significant concern. High fuel prices, shortage of […]
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Source to Contract (S2C)
09.08.2024Source to Contract (S2C) technology can help to optimise the upstream procurement processes Optimising upstream procurement processes is essential for organisations striving for efficiency and competitiveness. Source to Contract processes […]
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Supply Chain Issues: Port Congestion
23.07.2024Port congestion poses a significant challenge for shipping and delivery services worldwide. Ports are vital hubs for moving goods, and handling tasks like customs clearance and transportation. When congestion occurs […]
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Cost & Value Engineering
26.06.2024In today’s competitive environment, maximising the efficiency and effectiveness of resources is crucial. Value Engineering and Cost Engineering offer robust strategies to achieve this goal. As systematic methodologies, they focus […]
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Kraljic Matrix Explained
24.06.2024The Kraljic Matrix, developed by Peter Kraljic in the 1980s, is a powerful tool used in procurement and supply chain management to categorise and prioritise purchases and suppliers based on […]
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Supplier Tiers Explained
16.05.2024Supply chains have evolved into complex networks of interconnected suppliers who collectively provide the materials, services and essential components needed to create a finished product. Managing these relationships effectively is […]
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Understanding Procurement – What Is It, Types & Process
08.05.2024Have you ever wondered how that complex bridge gets built or that sleek new gadget gets manufactured? It all starts with procurement. The success of any engineering project relies on […]
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Procurement and Supply Chain Risks in EPC Projects
23.04.2024Engineering, Procurement and Construction (EPC) projects are becoming one of the most common methods to implement, large, complex projects. Undertaking EPC projects involves a meticulous approach towards planning, sourcing, and […]
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Procurement Transformation: A Holistic Approach with Technology Integration
03.04.2024In today’s rapidly evolving business landscape, procurement transformation is no longer a matter of choice but a necessity. While the traditional procurement models are becoming outdated, the integration of technology […]
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Supplier Relationship Management (SRM)
11.03.2024In today’s dynamic business environment, Supplier Relationship Management (SRM) stands out as a crucial and significant avenue for optimising the impact that procurement and supply chain management can have on […]
