Remove Inventory Management Remove Labor Costs Remove Manufacturing Remove Sourcing
article thumbnail

Procurement Costs and How Businesses Can Reduce Them

Planergy Software

Procurement is the act of buying raw materials, goods, and services for a business, as guided by formalized procedures, internal controls, and processes related to not just finance, but inventory management, supply chain management, and supplier relationship management as well. Improving inventory management.

article thumbnail

The Benefits of Localized Supply Chain

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. Local sourcing means that your raw materials come from other local businesses, which keeps the economy in good shape. Download Free Copy. Written by. Keith Murphy.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Benefits of Localized Supply Chain

Planergy Software

How better management in AP can give you better flexibility for cash flow management. Sourcing Supply Chain Management. In fact, many businesses have realized that reshoring – or bringing manufacturing and operations back to the United States from overseas – is an important part of keeping the company alive.

article thumbnail

Yanfeng Auto adopts IBM Data, AI and Intelligent Automation Software to accelerate digital and intelligent transformation

IBM Business Partners

The auto parts manufacturers caught in it are facing the problem of how to survive and grow against the increasingly fierce competition. That presents big challenges for the company in terms of labor cost and efficiency. Scenario 3: Break the operational bottleneck caused by Kafka, an open-source data extraction tool.