For businesses with a product, sourcing and procurement is an important part of keeping operations running smoothly in terms of having the required raw materials or components necessary to produce products. The procurement department is vital for cultivating relationships with dependable sources. Whereas a smaller company may have one person handling purchasing, procurement at larger... Continue Reading
Outsourcing the right way can be a game changer for businesses that operate in today’s fast-paced business landscape. Though we have explored some sectors in previous posts (such as manufacturing and logistics), this guide offers a more comprehensive view of the ways outsourcing can add efficiency to each part of your supply chain. Whether you’re... Continue Reading
MRO teams are on the front lines in terms of many key problems associated with the aftermarket supply chain—risks like enhancing service levels, preserving working capital, retrieving spare parts, and avoiding downtime. However, very fundamental challenges, such as inventory management, can limit productivity in MRO. According to a recent survey, inventory tracking is the second... Continue Reading
Business process outsourcing (BPO) is becoming increasingly popular among fast-growing organizations seeking to adapt to changing environments. Instead of hiring in-house teams, businesses outsource core business activities such as IT, human resources, marketing, and customer service. This pattern will persist for a while. Experts predict an 8.5% increase in the business process outsourcing industry by... Continue Reading
Evaluating Outsourcing in the Aviation Industry: The aviation industry is a complicated and highly specialized business that relies on effective supply chain management to ensure seamless operations. Many organizations in this area have looked to outsourcing as a potential strategy for improving their supply chain processes. By far the most important benefit of outsourcing aircraft... Continue Reading